OakChart

Linde Plc

LINBasic Materials·Specialty Chemicals·United Kingdom·Mega·NASD·Nov 11 • 8:46 AM ET

520.06-1.72 (-0.33%)
2026-11-11 14:48 CET
Market cap
239,540.85 USD m
Revenue, TTM
36,238.00 USD m
Net income, TTM
7,007.00 USD m
Free cash flow, TTM
5,080.00 USD m
EPS diluted, TTM
15.06
P/E
34.54
Compare

Price

LIN against its 20, 50 and 200-day averages
2050200miss
450.00475.00500.00525.00550.002.6M5.2MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26LINclose 520.0620-day 510.6650-day 488.49200-day 495.93520.06

5.1% under 548.20 on 7 Jul 2026. Last 15 sessions, 7.0% high to low

Profile

LIN
52-week range, 82% of the way up
387.78548.2

Linde Plc is a global industrial gases and engineering company. It designs and builds equipment that produces industrial gases. The company also offers gas production and processing services such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants. Its primary products are atmospheric gases and process gases. The company operates through the following reportable segments: Americas, EMEA APAC and Engineering. The Americas segment operates production facilities primarily in the United Sates, Canada, Mexico and Brazil. The EMEA segment has production facilities primarily in Germany, France, Sweden, the Republic of South Africa, and the United Kingdom. The APAC segment has production facilities located primarily in China, Australia, India, South Korea and Thailand. The Engineering segment designs and constructs turnkey process plants for third-party customers as well as for the gases businesses in many locations worldwide. Linde was founded by Carl Paul Gottfried von Lind in 1879 and is headquartered in Woking, the United Kingdom.

IndexNDX, S&P 500, RUI
Employees65177
IPOOct 31, 2018
Beta0.68
ATR, 14d9.16
Rel volume0.02
Short float1.46%
Insider own0.67%
Inst own89.07%

Snapshot

6 groups

Valuation

IndexNDX, S&P 500, RUI
Market Cap238.75B
Enterprise Value263.08B
Income7.01B
Sales36.24B
Book/sh85.87
Cash/sh8.60
Dividend Est.6.41 (1.23%)
Dividend TTM6.30 (1.21%)
Dividend Ex-DateDec 03, 2026
Dividend Gr. 3/5Y8.63% 9.28%
Payout41.07%
Employees65177
IPOOct 31, 2018

Ratios

P/E34.54
Forward P/E26.62
PEG2.85
P/S6.59
P/B6.06
P/C60.49
P/FCF47.00
EV/EBITDA19.28
EV/Sales7.26
Quick Ratio0.72
Current Ratio0.86
Debt/Eq0.68
LT Debt/Eq0.52
Option/ShortYes / Yes

Earnings

EPS (ttm)15.06
EPS next Y19.54
EPS next Q4.49
EPS this Y8.86%
EPS next Y9.08%
EPS next 5Y9.34%
EPS past 3/5Y21.09% 25.41%
Sales past 3/5Y0.62% 4.52%
EPS Y/Y TTM0.67%
Sales Y/Y TTM8.16%
EPS Q/Q-10.58%
Sales Q/Q9.16%
EarningsOct 29 BMO
EPS/Sales Surpr.1.59% 2.64%

Ownership

Insider Own0.67%
Insider Trans-3.19%
Inst Own89.07%
Inst Trans-0.56%
ROA8.05%
ROE17.96%
ROIC11.68%
Gross Margin37.30%
Oper. Margin27.08%
Profit Margin19.34%
SMA201.84%
SMA506.46%
SMA2004.87%
Trades-

Technical

Shs Outstand459.08M
Shs Float456.02M
Short Float1.46%
Short Ratio3.22
Short Interest6.65M
52W High548.20 -5.13%
52W Low387.78 34.11%
Volatility2.30% 1.68%
ATR (14)9.16
RSI (14)62.20
Beta0.68
Rel Volume0.02
Avg Volume2.07M
Volume2,405

Performance

Perf Week-0.89%
Perf Month5.68%
Perf Quarter8.75%
Perf Half Y1.32%
Perf YTD21.97%
Perf Year21.89%
Perf 3Y30.07%
Perf 5Y54.94%
Perf 10Y341.29%
Recom1.69
Target Price550.19
Prev Close521.78
Price520.06
Change %-0.33%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 13, 2026InitiatedBBarclaysOverweight$577+10.9%
Sep 11, 2026InitiatedKKeyBanc Capital MarketsOverweight$542+4.2%
Mar 13, 2026UpgradeJJP MorganNeutral → Overweight$525+0.9%
Feb 10, 2026DowngradeDDZ BankBuy → Hold$460-11.5%
Feb 06, 2026DowngradeJJP MorganOverweight → Neutral$455-12.5%
Nov 11, 2025UpgradeUUBSNeutral → Buy$500-3.9%
Nov 03, 2025UpgradeSSeaport Research PartnersNeutral → Buy$500-3.9%
Jun 30, 2025UpgradeCCitigroupNeutral → Buy$535+2.9%
Jun 13, 2025InitiatedRRBC Capital MktsOutperform$576+10.8%
Jan 13, 2025UpgradeTTD CowenHold → Buy

Peers

Mkt cap
TickerCompanyMkt cap
APDAir Products & Chemicals Inc69.26B
ECLEcolab Inc85.80B
SHWSherwin-Williams Co85.75B
DDDuPont de Nemours Inc20.94B
LYBLyondellBasell Industries NV19.34B
PPGPPG Industries Inc27.48B
EMNEastman Chemical Co7.56B
IFFInternational Flavors & Fragrances Inc20.91B
ALBAlbemarle Corp11.49B
DOWDow Inc22.98B

Insider trading

latest 14 of 43
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Patwari BinodFormer OfficerNov 09 '26Proposed Sale520.412,5001,301,034Nov 09 01:46 PM
White Matthew JChief Financial OfficerNov 04 '26Option Exercise151.07228,17534,469,962177,855Nov 06 01:46 PM
White Matthew JChief Financial OfficerNov 04 '26Sale521.2186,83345,258,06350,733Nov 06 01:46 PM
Bichara GuillermoExec VP & Chief Legal OfficerNov 02 '26Option Exercise173.1326,1554,528,21548,293Nov 04 12:21 PM
Bichara GuillermoExec VP & Chief Legal OfficerNov 02 '26Sale518.919,3504,851,81822,138Nov 04 12:21 PM
White Matthew JOfficerNov 04 '26Proposed Sale521.2186,83345,258,063Nov 04 12:20 PM
Bichara GuillermoOfficerNov 02 '26Proposed Sale518.919,3504,851,826Nov 02 01:51 PM
Reynolds Paula RosputDirectorAug 18 '26Buy479.1210047,912816Aug 19 03:03 PM
Innocenzi StefanosSVP, Linde EngineeringJun 08 '26Option Exercise0.004,03504,035Jun 10 01:08 PM
WOOD ROBERT LDirectorMay 15 '26Sale506.394,3352,195,2019,248May 18 03:51 PM
WOOD ROBERT LDirectorMay 14 '26Sale508.76880447,70913,583May 18 03:51 PM
ROBERT L. WOOD TRUSTDirectorMay 15 '26Proposed Sale506.394,3352,195,184May 15 04:11 PM
WOOD ROBERT LDirectorMay 14 '26Proposed Sale508.76880447,704May 14 03:27 PM
ANGEL STEPHEN FFormer DirectorApr 13 '26Proposed Sale505.9635,01017,713,643Apr 13 01:58 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 689.41B
VOOVanguard S&P 500 ETFAUM: 1057.81B
QQQInvesco QQQ Trust Series 1AUM: 463.70B
IVViShares Core S&P 500 ETFAUM: 875.00B
SPYSPDR S&P 500 ETF TrustAUM: 791.88B
VTVVanguard Morningstar Value ETFAUM: 195.79B
VIGVanguard Dividend Appreciation FTFAUM: 116.72B
QQQMInvesco NASDAQ 100 ETFAUM: 106.99B
XLBState Street Materials Select Sector SPDR ETFAUM: 8.60B
VYMVanguard High Dividend Yield Indx ETFAUM: 82.74B

News

latest 14 of 206
  • AI chip demand powers third-quarter growth at chemical, industrial gas makers (Reuters)
  • Linde Posts Record Quarter, But An FX-Aided Guidance Raise And A Softer Q4 Outlook Temper The Beat (Earnings Whispers)
  • Linde stock rises 3% on third-quarter earnings, revenue beats (Investing.com)
  • Linde Reports Third-Quarter 2026 Results (Business Wire)
  • Linde Declares Dividend in Fourth Quarter 2026 (Business Wire)
  • Loading…
  • Linde's Margin Repair Faces Its First Test As Lincare Review Shadows Record Backlog (Earnings Whispers)
  • Linde Expands Supply of Industrial Gases to Tata Steel in India (Business Wire)
  • From pilot to fleet: Automa 2026 on scaling digital offshore (Offshore Technology)
  • Is Bloom Energy Stock Priced Right Against Its Peers? (Trefis)
  • What Are Bloom Energy Investors Betting On? (Trefis)
  • Linde LienHwa links HaaS ecosystem to drive industrial decarbonization (DigiTimes)
  • What Is Driving The Move In Bloom Energy Stock? (Trefis)
  • What Needs To Be True To Buy Plug Power Stock? (Trefis)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-294.5904.5183.6609,4049,16221
2026Q22026-07-314.5004.4884.1519,2899,01620
2026Q12026-05-014.3304.2703.9828,7818,59819
2025Q42026-02-054.2004.1773.2648,7648,64220
2025Q32025-10-314.2104.1814.0918,6158,62020
2025Q22025-08-014.0904.0343.7298,4958,35721
2025Q12025-05-013.9503.9243.5138,1128,24019
2024Q42025-02-063.9703.9363.6028,2828,41722
2024Q32024-10-313.9433.9003.2238,3568,39021
2024Q22024-08-023.8503.7863.4428,2678,29919
2024Q12024-05-023.7503.6763.3518,1008,38420
2023Q42024-02-063.5903.4863.1608,3028,05718
2023Q32023-10-263.6303.5823.1878,1558,53520
2023Q22023-07-273.5703.4953.1918,2048,70420
2023Q12023-04-273.4203.1353.0588,1938,19520
2022Q42023-02-073.1602.9002.6677,8998,40420

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY7.3407.2974.19128,16328,158
2020FY8.2308.1004.70927,24327,029
2021FY10.69010.6007.33130,79330,338
2022FY12.29012.0368.22833,36433,914
2023FY14.20014.09912.59232,85432,748
2024FY15.51015.47113.61833,00533,338
2025FY16.46016.42815.06833,98633,870
2026FY-17.913--36,533
2027FY-19.540--38,215
2028FY-21.512--40,371
2029FY-24.797--43,330
2030FY-27.170--45,730

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-3016639,2418,7589,462
2026Q4S2026-10-2916539,2338,8689,462
2026Q4S2026-10-2416019,1678,8329,359
2026Q4S2026-10-1616119,1678,8329,359
2026Q4S2026-10-1416119,1688,8329,359
2026Q4S2026-10-0716119,1758,8329,387
2026Q4S2026-10-0216119,1768,8329,387
2026Q4S2026-09-2816119,1728,8329,387
2026Q4S2026-09-1616219,1728,8329,387
2026Q4S2026-09-0916229,1728,8329,387
2026Q4S2026-09-0714229,1628,8329,387
2026Q4S2026-08-1014229,1628,8329,387
2026Q4S2026-08-0714129,1408,8329,387
2026Q4S2026-08-0614129,1468,8329,387

Estimate history

EPS, annual4.31313.1124.1914.7097.3318.22812.59213.61814.60815.0554
Period201720182019202020212022202320242025TTM
EPS, quarterly3.2233.6023.5133.7294.0913.2643.9824.1513.658
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual11437148362822827243307933336432854330053398636238
Period201720182019202020212022202320242025TTM
Sales, quarterly835682828112849586158764878192899404
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual286.777555.379534.381523.295508.681492.458482.445473.237463.681459.084
Period201720182019202020212022202320242025MRQ
Shares, quarterly476.158473.237471.294468.91466.949463.681462.6460.98459.084
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue36,238.0033,986.0033,005.0032,854.0033,364.0030,793.0027,243.0028,228.0014,836.00
Cost of Goods Sold Incl. D&A22,722.0021,152.0020,923.0021,308.0023,654.0022,178.0020,009.0021,319.0010,850.00
Gross Profit13,516.0012,834.0012,082.0011,546.009,710.008,615.007,234.006,909.003,986.00
Selling, General and Administrative Excl. Other3,703.003,580.003,487.003,441.003,250.003,332.003,345.003,641.001,742.00
Research and Development147.00147.00150.00146.00143.00143.00152.00184.00113.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income9,813.009,254.008,595.008,105.006,460.005,283.003,889.003,268.002,244.00
Interest Expense387.00399.00572.00488.00192.00159.00114.00403.00138.00
Unusual Expense542.00512.0073.00-38.001,022.00241.00607.00256.00457.00
Net Income Before Taxes9,116.008,897.008,569.007,988.005,543.005,099.003,384.002,927.005,049.00
Income Taxes2,111.001,989.002,002.001,814.001,434.001,262.00847.00769.00817.00
Consolidated Net Income7,185.007,058.006,737.006,341.004,281.003,956.002,622.002,272.004,288.00
Net Income From Continuing Operations7,007.006,898.006,565.006,199.004,147.003,821.002,497.002,183.004,273.00
Net Income7,007.006,898.006,565.006,199.004,147.003,826.002,501.002,285.004,381.00
EPS (Recurring)15.9715.3713.7212.549.657.655.514.5214.07
EPS (Basic, Before Extraordinaries)15.1314.6913.7112.708.307.404.754.2213.26
EPS (Diluted)15.0614.6113.6212.598.237.334.714.1913.11
EBITDA13,642.0013,017.0012,375.0011,921.0010,664.009,918.008,515.007,943.004,074.00
Non-Operating Income (Expense)232.00554.00619.00333.00297.00216.00216.00318.003,400.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense106.65129.5672.0053.0043.0064.0054.0053.0032.00
Price To Earnings Ratio34.6634.6631.7833.9343.1547.2355.9250.7713.84
Price To Sales Ratio6.065.926.126.154.935.875.144.113.51
Gross Margin37.3037.7636.6135.1429.1027.9826.5524.4826.87
Operating Margin27.0827.2326.0424.6719.3617.1614.2811.5815.13
Net Margin19.3420.3019.8918.8712.4312.429.188.0929.53
Shares Outstanding459.08463.68473.24482.45492.46508.68523.29534.38555.38
Market Capitalization239,540.85239,540.85199,353.07199,149.17161,256.87177,564.43138,305.07114,364.7785,391.58

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue9,404.009,289.008,781.008,764.008,615.008,495.008,112.008,282.00
Cost of Goods Sold Incl. D&A5,927.005,824.005,474.005,497.005,340.005,248.005,067.005,233.00
Gross Profit3,477.003,465.003,307.003,267.003,275.003,247.003,045.003,049.00
Selling, General and Administrative Excl. Other929.00928.00931.00915.00933.00908.00824.00853.00
Research and Development37.0037.0038.0035.0036.0038.0038.0039.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income2,548.002,537.002,376.002,352.002,342.002,339.002,221.002,196.00
Interest Expense111.00147.0022.00107.0081.0031.00-232.00
Unusual Expense386.00-81.0047.00190.00-34.0024.00143.00-163.00
Net Income Before Taxes2,128.002,546.002,431.002,011.002,360.002,346.002,180.002,263.00
Income Taxes449.00610.00571.00481.00424.00573.00511.00533.00
Consolidated Net Income1,740.001,972.001,900.001,573.001,972.001,806.001,707.001,769.00
Net Income From Continuing Operations1,692.001,928.001,857.001,530.001,929.001,766.001,673.001,725.00
Net Income1,692.001,928.001,857.001,530.001,929.001,766.001,673.001,725.00
EPS (Recurring)4.244.034.053.554.043.763.723.36
EPS (Basic, Before Extraordinaries)3.674.174.003.284.113.753.533.62
EPS (Diluted)3.664.153.983.264.093.733.513.60
EBITDA3,513.003,500.003,327.003,302.003,303.003,281.003,131.003,109.00
Non-Operating Income (Expense)77.0075.00124.00-44.0065.0062.00102.00136.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense34.7615.0132.3924.4935.5536.3433.1831.60
Price To Earnings Ratio34.6634.4433.9628.5533.7734.0534.1931.78
Price To Sales Ratio6.066.806.675.886.686.686.726.07
Gross Margin36.9737.3037.6637.2838.0238.2237.5436.81
Operating Margin27.0927.3127.0626.8427.1927.5327.3826.52
Net Margin17.9920.7621.1517.4622.3920.7920.6220.83
Shares Outstanding459.08460.98462.60463.68466.95468.91471.29473.24
Market Capitalization239,540.85240,061.64229,732.21199,102.38222,732.25220,854.29220,206.74199,353.07

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments5,056.004,850.004,664.005,436.002,823.003,754.002,700.004,466.00617.00
Short Term Receivables5,464.005,062.005,092.004,908.004,829.004,590.004,965.004,830.001,804.00
Inventories2,055.001,946.002,115.001,978.001,733.001,729.001,697.001,651.00614.00
Other Current Assets750.001,087.00749.00725.00774.00851.00990.006,325.00250.00
Total Current Assets13,325.0012,945.0012,620.0013,047.0010,159.0010,924.0010,352.0017,272.003,285.00
Net Property, Plant & Equipment29,339.0025,764.0025,490.0024,420.0027,019.0029,801.0030,089.0029,717.0011,825.00
Total Investments and Advances2,133.002,240.002,385.002,538.002,672.002,174.002,149.002,041.00739.00
Long-Term Note Receivable96.0028.00163.00164.00105.00201.00150.00135.0054.00
Intangible Assets39,798.0037,267.0039,150.0038,237.0040,840.0044,385.0043,156.0043,097.004,018.00
Deferred Tax Assets423.00428.00226.00230.00242.00268.00243.00510.00198.00
Other Assets1,703.001,475.00777.001,022.00568.00476.00473.00614.00317.00
Total Assets86,817.0080,147.0080,811.0079,658.0081,605.0088,229.0086,612.0093,386.0020,436.00
Short Term Debt Incl. Current Port. of LT Debt6,567.006,510.006,203.005,939.003,134.004,277.003,523.003,008.001,217.00
Accounts Payable2,810.002,507.003,020.002,995.003,503.003,095.003,266.003,219.00922.00
Income Tax Payable680.00637.00664.00613.00429.00542.00370.00657.00242.00
Other Current Liabilities5,141.004,890.005,830.006,932.006,577.005,826.005,001.006,072.00926.00
Total Current Liabilities15,198.0014,544.0015,717.0016,479.0013,643.0013,740.0012,160.0012,956.003,307.00
Long Term Debt21,502.0016,099.0014,112.0012,852.0012,082.0012,946.0011,409.0012,288.007,783.00
Provision for Risks Charges1,084.001,094.001,268.001,245.002,465.003,653.002,869.002,328.00874.00
Deferred Tax Liabilities5,556.005,659.005,749.005,886.006,239.006,704.006,889.007,432.001,167.00
Other Liabilities3,736.003,263.002,870.001,809.001,735.001,604.001,650.001,286.00783.00
Total Liabilities47,076.0040,659.0039,716.0038,271.0036,164.0038,647.0034,977.0036,290.0013,914.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity38,245.0038,092.0039,720.0040,028.0044,035.0047,317.0049,074.0051,596.006,018.00
Total Shareholders Equity38,245.0038,092.0039,720.0040,028.0044,035.0047,317.0049,074.0051,596.006,018.00
Accumulated Minority Interest1,496.001,396.001,375.001,359.001,406.002,265.002,561.005,500.00504.00
Total Equity39,741.0039,488.0041,095.0041,387.0045,441.0049,582.0051,635.0057,096.006,522.00
Total Liabilities & Stockholders Equity86,817.0080,147.0080,811.0079,658.0081,605.0088,229.0086,612.0093,386.0020,436.00
Book Value Per Share82.4880.4982.3381.2886.5790.4291.8392.9020.98
Tangible Book Value Per Share-3.351.741.183.646.285.6011.0715.306.97
Full-Time Employees65,17765,28966,32365,01072,32774,20779,88680,82026,461
Price to Book Ratio6.085.095.124.294.002.912.321.667.08
Return on Assets8.268.167.735.144.502.862.437.516.27
Return on Equity18.0716.8715.559.878.375.184.3414.8322.59
Return on Invested Capital11.5512.1111.527.846.824.153.786.869.04
Quick Ratio0.740.760.670.670.620.670.711.210.81
Current Ratio0.880.890.800.790.740.800.851.330.99

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income7,025.006,898.006,565.006,199.004,147.003,826.002,501.002,272.004,288.00
Depreciation3,829.003,763.003,780.003,816.004,204.004,635.004,626.004,675.001,830.00
Other Funds (Non Cash)841.00486.00291.00208.001,094.00337.00664.00-295.00-2,291.00
Funds from Operations11,522.0010,682.0010,494.0010,139.009,062.008,544.007,422.006,349.003,640.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-812.00-332.00-1,071.00-834.00-198.001,181.007.00-161.0062.00
Cash from Operating Activities10,710.0010,350.009,423.009,305.008,864.009,725.007,429.006,188.003,702.00
Capital Expenditures-5,630.00-5,261.00-4,497.00-3,787.00-3,173.00-3,086.00-3,400.00-3,682.00-1,883.00
Net Assets From Acquisitions-430.00-412.00-317.00-953.00-110.00-88.00-68.00-225.00-25.00
Sale of Fixed Assets and Businesses189.0042.00170.0070.00195.00167.00482.005,096.007,271.00
Purchase or Sale of Investments0.000.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses5.00-90.000.000.000.000.000.00-60.00-23.00
Other Sources37.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-5,829.00-5,721.00-4,644.00-4,670.00-3,088.00-3,007.00-2,986.001,129.005,340.00
Cash Dividends Paid-2,912.00-2,811.00-2,655.00-2,482.00-2,344.00-2,189.00-2,028.00-1,891.00-1,166.00
Change in Capital Stock-3,993.00-4,578.00-4,451.00-3,925.00-5,132.00-4,562.00-2,410.00-2,586.00-522.00
Repurchase of Common Pref Stock-4,022.00-4,601.00-4,482.00-3,958.00-5,168.00-4,612.00-2,457.00-2,658.00-599.00
Sale of Common Pref Stock29.0023.0031.0033.0036.0050.0047.0072.0077.00
Proceedsfrom Stock Options29.0023.0031.0033.0036.0050.0047.0072.0077.00
Issuance or Reduction of Debt, Net1,498.002,911.003,167.001,060.004,475.00-514.001,313.00-1,260.00-2,908.00
Change in Long Term Debt1,782.002,870.003,539.00506.001,425.00815.00115.00-1,484.00-3,116.00
Issuance of Long Term Debt4,171.005,148.004,844.002,188.003,210.002,283.002,796.0099.008.00
Reduction of Long Term Debt-2,389.00-2,278.00-1,305.00-1,682.00-1,785.00-1,468.00-2,681.00-1,583.00-3,124.00
Net Financing Active Other Cash Flow-56.00-76.00-420.00-53.00-88.00-323.00-220.00-3,255.00-400.00
Other Financing Activities Uses-56.00-76.00-420.00-53.00-88.00-323.00-220.00-3,260.00-402.00
Cash from Financing Activities-5,463.00-4,554.00-4,359.00-5,400.00-3,089.00-7,588.00-3,345.00-8,992.00-4,996.00
Exchange Rate Effect20.00131.00-234.00-7.00-74.00-61.00-44.00-77.00-60.00
Net Change in Cash-562.00206.00186.00-772.002,613.00-931.001,054.00-1,752.003,986.00
Free Cash Flow5,080.005,089.004,926.005,518.005,691.006,639.004,029.002,506.001,819.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow101.2688.3888.8866.6049.1240.6369.95188.7379.84
Deferred Taxes & Investment Tax Credit--465.00-142.00-84.00-383.00-254.00-369.00-303.00-187.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments3,947.004,898.003,959.005,056.004,509.004,786.00
Short Term Receivables6,042.006,064.005,642.005,464.005,559.005,490.00
Inventories2,129.002,122.002,079.002,055.002,128.002,122.00
Other Current Assets1,298.001,092.001,071.00750.001,135.001,229.00
Total Current Assets13,416.0014,176.0012,751.0013,325.0013,331.0013,627.00
Net Property, Plant & Equipment29,830.0029,170.0028,564.0029,339.0027,535.0026,928.00
Total Investments and Advances20.0010.0011.002,133.008.0017.00
Intangible Assets39,326.0039,491.0039,555.0039,798.0039,759.0039,894.00
Deferred Tax Assets---423.00--
Other Assets5,379.005,411.005,357.001,703.005,132.005,566.00
Total Assets88,075.0088,349.0086,315.0086,817.0085,993.0086,078.00
Short Term Debt Incl. Current Port. of LT Debt6,109.007,335.006,458.006,567.007,333.006,219.00
Accounts Payable2,854.002,837.002,659.002,810.002,646.002,593.00
Income Tax Payable---680.00--
Other Current Liabilities6,680.005,955.006,274.005,141.006,213.005,902.00
Total Current Liabilities15,643.0016,127.0015,391.0015,198.0016,192.0014,714.00
Long Term Debt20,593.0020,678.0019,859.0021,502.0018,592.0019,701.00
Provision for Risks Charges0.000.000.001,084.000.000.00
Deferred Tax Liabilities---5,556.00--
Other Liabilities10,844.0010,914.0010,973.003,736.0011,123.0011,677.00
Total Liabilities47,080.0047,719.0046,223.0047,076.0045,907.0046,092.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity39,422.0039,081.0038,566.0038,245.0038,616.0038,515.00
Total Shareholders Equity39,422.0039,081.0038,566.0038,245.0038,616.0038,515.00
Accumulated Minority Interest1,573.001,549.001,526.001,496.001,470.001,471.00
Total Equity40,995.0040,630.0040,092.0039,741.0040,086.0039,986.00
Total Liabilities & Stockholders Equity88,075.0088,349.0086,315.0086,817.0085,993.0086,078.00
Book Value Per Share85.8784.7883.3782.4882.7082.14
Tangible Book Value Per Share0.21-0.89-2.14-3.35-2.45-2.94
Full-Time Employees64,51264,649-65,17765,48964,842
Price to Book Ratio6.086.226.015.165.785.81
Return on Assets8.058.318.388.268.428.07
Return on Equity17.9618.6718.4918.0718.2417.51
Return on Invested Capital2.823.233.182.563.373.03
Quick Ratio0.720.750.690.740.690.78
Current Ratio0.860.880.830.880.820.93

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income1,740.001,972.001,900.001,413.001,972.001,806.00
Depreciation965.00963.00951.00950.00961.00942.00
Other Funds (Non Cash)433.00-13.00-3.00424.00-12.0014.00
Funds from Operations2,984.002,902.002,856.002,780.002,476.002,740.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital185.00-631.00-616.00250.00472.00-529.00
Cash from Operating Activities3,169.002,271.002,240.003,030.002,948.002,211.00
Capital Expenditures-1,392.00-1,438.00-1,342.00-1,458.00-1,276.00-1,257.00
Net Assets From Acquisitions-26.00-232.00-153.00-19.00-123.00-158.00
Sale of Fixed Assets and Businesses55.0011.00112.0011.007.0011.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.001.00-1.005.00-42.00-53.00
Other Sources37.000.000.000.000.000.00
Cash from Investing Activities-1,326.00-1,658.00-1,384.00-1,461.00-1,434.00-1,457.00
Cash Dividends Paid-735.00-738.00-741.00-698.00-701.00-704.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-950.00-852.00-804.00-1,387.00-984.00-1,107.00
Repurchase of Common Pref Stock-954.00-871.00-807.00-1,390.00-989.00-1,111.00
Sale of Common Pref Stock4.0019.003.003.005.004.00
Proceedsfrom Stock Options4.0019.003.003.005.004.00
Issuance or Reduction of Debt, Net-1,141.001,981.00-336.00994.0078.00346.00
Change in Long Term Debt-935.001,932.00-675.001,460.00-4.0086.00
Issuance of Long Term Debt71.001,958.0058.002,084.005.00719.00
Reduction of Long Term Debt-1,006.00-26.00-733.00-624.00-9.00-633.00
Net Financing Active Other Cash Flow28.00-70.00-87.0073.00-175.0099.00
Other Financing Activities Uses28.00-70.00-87.0073.00-149.0073.00
Cash from Financing Activities-2,798.00321.00-1,968.00-1,018.00-1,782.00-1,366.00
Exchange Rate Effect4.005.0015.00-4.00-9.00104.00
Net Change in Cash-951.00939.00-1,097.00547.00-277.00-508.00
Free Cash Flow1,777.00833.00898.001,572.001,672.00954.00
Price to Free Cash Flow101.26114.95102.6687.7397.2195.12

Revenue breakdown

Total Industrial Inorganic Chemicals revenue2024: 33.01B 2025: 33.99B
Australia2024: 1.35B 2025: 1.29B
Brazil2024: 1.26B 2025: 1.33B
China2024: 2.65B 2025: 2.60B
Germany2024: 2.51B 2025: 2.43B
Mexico2024: 1.35B 2025: 1.39B
Other international2024: 10.85B 2025: 11.26B
United Kingdom2024: 1.54B 2025: 1.51B
United States2024: 11.50B 2025: 12.18B
APAC2024: 6.63B 2025: 6.66B
Americas2024: 14.44B 2025: 15.21B
Corporate and Other2024: 1.26B 2025: 1.32B
EMEA2024: 8.35B 2025: 8.55B
Engineering2024: 2.32B 2025: 2.25B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.46%6.7M456.0M2.10M
2026-10-151.35%6.2M457.9M2.09M
2026-09-301.31%6.0M457.9M2.07M
2026-09-151.28%5.9M457.9M2.15M
2026-08-311.18%5.4M457.9M2.27M
2026-08-141.07%4.9M457.9M2.30M
2026-07-311.22%5.6M458.6M2.29M
2026-07-151.42%6.5M460.2M2.25M
2026-06-301.43%6.6M460.2M2.24M
2026-06-151.65%7.6M459.5M2.28M
2026-05-291.40%6.4M460.2M2.31M
2026-05-151.54%7.1M460.2M2.39M
2026-04-301.33%6.1M460.2M2.58M
2026-04-151.45%6.7M461.0M2.67M
2026-03-311.54%7.1M461.0M2.73M
2026-03-131.21%5.6M461.0M2.73M
2026-02-271.24%5.7M461.0M2.79M
2026-02-131.31%6.1M464.5M2.81M
2026-01-301.40%6.5M464.5M2.82M
2026-01-151.60%7.4M464.5M2.80M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call230289.9294.40.002.8280.000.000.995-0.1340.012
call240280284.50.002.6940.000.000.995-0.1340.013
call250270274.40.002.5850.000.000.994-0.1350.013
call260260264.40.002.4610.000.000.994-0.1350.014
call270250254.40.002.3420.000.000.994-0.1350.014
call280240244.40.002.2270.000.000.993-0.1360.015
call290230234.50.002.1160.000.000.993-0.1360.016
call300220224.42222.0080.000.000.993-0.1360.017
call310210.1214.50.001.9190.000.000.992-0.1360.017
call320200204.50.001.8180.000.000.992-0.1360.018
call330190.1194.50.001.7190.000.000.992-0.1360.019
call335185.1189.50.001.6710.000.000.991-0.1360.020
call340180.1184.70.001.6230.000.000.991-0.1360.020
call345175.1179.50.001.5760.000.000.991-0.1360.021
call350170.1174.70.001.5290.000.000.990-0.1360.021
call355165.2169.60.001.4960.000.000.990-0.1360.022
call360160.1164.6143.851.4261.000.000.990-0.1360.022
call365155.3159.40.001.3810.000.000.990-0.1360.023
call370150.3154.40.001.3370.000.000.989-0.1360.024
call375145.2149.5100.791.3057.000.000.989-0.1360.024
call380140.3144.40.001.2500.000.000.989-0.1350.025
call385135.4139.40.001.2070.000.000.988-0.1350.026
call390130.4134.40.001.1650.000.000.988-0.1350.027
call395125.4129.50.001.1340.000.000.987-0.1350.028
call400120.4124.5108.321.0921.000.000.987-0.1340.028
call405115.4119.50.001.0500.000.000.986-0.1340.029
call410110.3114.593.311.00910.000.000.986-0.1330.030
call415105.4109.560.000.9683.000.000.985-0.1330.032
call420100.3104.765.500.9461.000.000.984-0.1330.033
call42595.4099.50105.60.8875.000.000.984-0.1320.034
call43090.3094.5087.550.8477.000.000.983-0.1310.035
call43585.5089.8077.200.8323.000.000.982-0.1310.037
call44080.3084.8039.370.79135.000.000.981-0.1300.039
call44575.5079.8042.000.7511.000.000.980-0.1290.040
call45070.4074.8055.500.7117.000.000.979-0.1280.042
call45565.4069.7058.000.6641.000.000.978-0.1270.045
call46060.3064.9029.550.6372590.000.971-0.1500.056
call46555.5059.9051.840.59725.000.000.969-0.1480.059
call47050.7055.0041.000.56226.000.000.917-0.3480.131
call47545.7050.0042.200.52157.000.000.909-0.3470.140
call48041.0045.0036.920.4801170.000.900-0.3440.150
call48536.0040.1035.060.44496.000.000.870-0.4080.181
call49031.2035.5027.720.42071.000.000.848-0.4270.201
call49526.5031.0029.040.3983220.000.825-0.4320.220
call50022.5026.4022.600.3712,5311.000.785-0.4700.250
call50517.8022.0020.100.3403580.000.754-0.4490.270
call51013.9018.0016.560.3223650.000.690-0.4930.302
call51510.2014.5011.000.3113881.000.621-0.5130.326
call5207.8011.007.590.2904091.000.545-0.5040.339
call5254.408.506.400.28821614.000.463-0.5070.340
call5302.506.504.500.2883843.000.384-0.4870.327
call5350.553.402.850.2393124.000.283-0.3760.289
call5400.252.451.900.2471624.000.224-0.3500.256
call5450.253.501.250.28686.0011.000.193-0.3580.235
call5500.252.800.850.3232043.000.172-0.3680.218
call5550.200.500.300.23532.0014.000.079-0.1690.126
call5600.100.300.100.23774.0015.000.052-0.1220.091
call5650.000.350.130.26117.006.000.043-0.1120.078
call5700.001.600.110.28530.0016.000.036-0.1010.067
call5750.000.250.110.2757.003.000.018-0.0530.038
call5800.004.900.130.3213650.000.025-0.0810.049
call5850.004.900.190.3431.000.000.023-0.0830.047
call5900.004.600.450.36413.000.000.022-0.0840.045
call5950.003.700.050.38540.000.000.021-0.0850.043
call6000.002.600.500.40622.000.000.020-0.0860.042
call6050.003.500.200.4261.000.000.019-0.0870.040
call6200.004.900.700.48545.000.000.017-0.0900.036
call6400.003.600.090.5601600.000.015-0.0940.033
call6600.004.700.400.6321.000.000.014-0.0960.030
call6800.003.601.900.7001.000.000.012-0.0990.028
call7000.002.500.850.8686.000.000.028-0.2330.058
call7200.003.400.000.8270.000.000.011-0.1030.024
put2300.004.900.002.1740.000.00-0.007-0.1760.016
put2400.004.900.001.9670.000.00-0.005-0.1260.013
put2500.004.900.001.8710.000.00-0.005-0.1250.013
put2600.004.900.001.7780.000.00-0.006-0.1240.014
put2700.004.900.001.6900.000.00-0.006-0.1230.014
put2800.004.900.001.6040.000.00-0.006-0.1230.015
put2900.004.902.001.5212.000.00-0.007-0.1220.016
put3000.004.000.431.4413.000.00-0.007-0.1210.017
put3100.003.602.951.3631.000.00-0.007-0.1200.017
put3200.003.803.401.2881.000.00-0.008-0.1190.018
put3300.003.400.001.3020.000.00-0.012-0.1780.027
put3350.003.800.401.1793.000.00-0.008-0.1170.020
put3400.004.902.061.1432430.00-0.009-0.1170.020
put3450.004.900.011.1895.000.00-0.013-0.1750.029
put3500.004.902.181.0742.000.00-0.009-0.1150.021
put3550.003.800.551.04020.000.00-0.009-0.1150.022
put3600.004.400.451.00644.000.00-0.010-0.1140.022
put3650.004.901.100.97311.000.00-0.010-0.1130.023
put3700.003.701.450.9403.000.00-0.010-0.1130.024
put3750.004.901.530.90733.000.00-0.011-0.1120.024
put3800.003.700.500.87572.000.00-0.011-0.1110.025
put3850.002.600.700.84318.000.00-0.012-0.1100.026
put3900.003.700.560.81134.000.00-0.012-0.1100.027
put3950.003.900.410.7808.000.00-0.012-0.1090.028
put4000.002.000.150.74980.000.00-0.013-0.1080.028
put4050.003.700.350.71840.000.00-0.013-0.1070.029
put4100.004.900.050.6883290.00-0.014-0.1060.030
put4150.051.500.060.6582920.00-0.015-0.1050.032
put4200.003.702.460.6281210.00-0.015-0.1040.033
put4250.004.902.500.59868.000.00-0.016-0.1030.034
put4300.004.900.100.5682560.00-0.017-0.1020.035
put4350.004.100.270.5391350.00-0.017-0.1010.037
put4400.051.100.160.5101830.00-0.018-0.0990.039
put4450.004.100.150.4811300.00-0.019-0.0980.040
put4500.001.700.150.4521660.00-0.021-0.0970.042
put4550.000.300.350.4231,4542.00-0.022-0.0950.045
put4600.002.350.300.4142,6821.00-0.029-0.1170.056
put4650.000.400.550.3842030.00-0.031-0.1140.059
put4700.001.750.700.4773040.00-0.083-0.3140.131
put4750.001.600.500.44092.000.00-0.091-0.3120.140
put4800.001.600.460.4031,2610.00-0.100-0.3090.150
put4850.102.250.700.4052480.00-0.129-0.3720.181
put4900.052.551.100.38176.000.00-0.152-0.3910.201
put4950.952.701.400.34774.000.00-0.174-0.3950.220
put5000.154.203.000.3371,9150.00-0.215-0.4320.250
put5050.703.502.400.2916352.00-0.246-0.4120.270
put5101.005.003.600.29411712.00-0.310-0.4540.302
put5152.356.506.500.2852180.00-0.379-0.4740.326
put5204.408.208.600.27116.000.00-0.455-0.4640.339
put5256.8011.009.400.2789.000.00-0.537-0.4670.340
put5309.9014.009.350.27924.000.00-0.616-0.4470.327
put53513.8016.9057.480.2831.000.00-0.711-0.3500.293
put54017.3021.5040.900.2946.000.00-0.776-0.3090.256
put54521.8025.9040.800.3130.000.00-0.806-0.3150.235
put55026.5030.5040.800.3340.000.00-0.828-0.3250.218
put55531.3035.400.000.3660.000.00-0.921-0.1250.126
put56036.3040.3053.740.3950.000.00-0.948-0.0780.091
put56541.0045.300.000.4290.000.00-0.957-0.0670.078
put57046.2050.300.000.4610.000.00-0.964-0.0560.067
put57551.0055.3067.000.4930.000.00-0.974-0.0340.052
put58056.2060.300.000.5240.000.00-0.975-0.0350.049
put58561.2065.300.000.5540.000.00-0.976-0.0360.047
put59066.2070.300.000.5830.000.00-0.978-0.0370.045
put59571.0075.300.000.6120.000.00-0.979-0.0380.043
put60076.2080.300.000.6410.000.00-0.980-0.0380.042
put60581.0085.300.000.6680.000.00-0.980-0.0390.040
put62096.20100.30.000.7490.000.00-0.983-0.0400.036
put640116.2120.30.000.8510.000.00-0.985-0.0410.033
put660136.2140.30.000.9470.000.00-0.986-0.0410.030
put680156.2160.30.001.0380.000.00-0.987-0.0420.028
put700176180.30.001.1250.000.00-0.988-0.0420.026
put720196200.40.001.2270.000.00-0.989-0.0410.024

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-09144Filing for proposed sale of securities under Rule 144.SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-10-298-KCurrent report2026-10-29SEC
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-083Initial statement of beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-08-194Statement of changes in beneficial ownership of securities2026-08-18SEC
2026-07-318-KCurrent report2026-07-31SEC
2026-07-3110-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-308-KCurrent report2026-07-28SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-06-25PX14A6GSEC
2026-06-1611-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-1611-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-104Statement of changes in beneficial ownership of securities2026-06-08SEC
2026-05-28SDSpecialized Disclosure ReportSEC
2026-05-213Initial statement of beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-14SEC
2026-05-15144Filing for proposed sale of securities under Rule 144.SEC
2026-05-14144Filing for proposed sale of securities under Rule 144.SEC
2026-05-138-KCurrent report2026-05-13SEC
2026-05-05S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-05-018-KCurrent report2026-05-01SEC
2026-05-0110-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-04-30SCHEDULE 13GSEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110050.11M2
2026-100000
2026-090000
2026-0847.91K100
2026-070000
2026-060000
2026-05002.64M2
2026-040000
2026-03005.21M2
2026-02005.04M2
2026-010000
2025-12999.63K100
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.8.06%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP4.40%
Capital Research Global Investors3.77%
Invesco Ltd.3.31%
VANGUARD PORTFOLIO MANAGEMENT LLC2.69%
GEODE CAPITAL MANAGEMENT, LLC2.62%
PRICE T ROWE ASSOCIATES INC /MD/2.56%
MORGAN STANLEY1.59%
FMR LLC1.56%

Funds

Fund% owned
VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND3.57%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%
VANGUARD 500 INDEX FUND2.59%
Invesco QQQ Trust, Series 12.12%
VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND1.62%
iShares Core S&P 500 ETF1.37%
Fidelity 500 Index Fund1.30%
Investment Co of America1.23%
SPDR S&P 500 ETF TRUST1.21%
VANGUARD VALUE INDEX FUND0.95%

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