LindeWBO:LIN +1.65%26 Gross Margin % is 48.49% as of Mar. 2026, which is 11% above its 10-year median of 43.67. GuruFocus rates WBO:LIN with a GF Score™ of 26/100 and a GF Value™ of €437.71 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,564 Chemicals companies, Linde ranks better than 90.6% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Linde's Gross Profit for the
three
months ended in Mar. 2026 was €3,683 Mil. Linde's Revenue for the
three
months ended in Mar. 2026 was €7,596 Mil. Therefore, Linde's Gross Margin % for the quarter that ended in Mar. 2026 was 48.49%.
The historical rank and industry rank for Linde's Gross Margin % or its related term are showing as below:
WBO:LIN'
s Gross Margin % Range Over the Past 10 Years
Min: 39.2 Med: 43.67 Max: 48.83
Current: 48.77
During the past 13 years, the highestGross Margin % of Linde was 48.83%. The lowest was 39.20%. And the median was 43.67%.
WBO:LIN's Gross Margin % is ranked better than 90.6% of 1564
companies
in the Chemicals industry
Industry Median: 23.375
vs WBO:LIN: 48.77
Linde had a gross margin of 48.49% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Linde was 3.00% per year.
Linde (WBO:LIN) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Linde had a gross margin of 48.49% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Linde Gross Margin % Related Terms
Linde Gross Margin % Historical Data
* Premium members only.
The historical data trend for Linde's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WBO:LIN vs SHW, ECL, APD: Gross Margin % Comparison
For the Specialty Chemicals subindustry, Linde's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Linde Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Linde's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Linde's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Linde (WBO:LIN) has a Gross Margin % of 48.49% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Linde and its competitors. This is 11% above median its historical median of 43.67. Over the past decade, Linde's Gross Margin % has ranged from 39.20 to 48.83. According to the industry distribution chart, Linde ranks #147 out of 1564 companies in the Chemicals industry, placing it in the top 9.4%.
Is Linde's Gross Margin % too high?
Linde's current Gross Margin % of 48.49% is 11% above median its 10-year median of 43.67. Over the past 10 years, this metric has ranged from a low of 39.20 to a high of 48.83. The Chemicals industry median Gross Margin % is 23.38. Linde's value of 48.49% is 107.4% above this industry median. Based on the distribution chart, Linde ranks #147 out of 1564 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Linde has a GF Score™ of 26/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Linde's Gross Margin % compare to SHW and ECL?
According to the Chemicals industry distribution chart, Linde ranks #147 out of 1564 companies for Gross Margin %. This places Linde in the top 9% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.38. Linde's value of 48.49% is 107.4% above this benchmark. Historically, Linde's own Gross Margin % has ranged from 39.20 to 48.83 over the past decade. While the company's 10-year median is 43.67 vs. the industry median of 23.38, Linde has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.38, based on 1,564 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Linde's current Gross Margin % of 48.49% is 107.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Linde and its competitors. For the Chemicals industry, the median Gross Margin % is 23.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde's current Gross Margin % is 48.49%, which is 11% above median its own 10-year median of 43.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linde stock overvalued right now?
Based on GuruFocus' analysis, Linde (WBO:LIN) is currently considered Fairly Valued. The stock's GF Value™ is €437.71, compared to a current price of €455.60 — trading 4.1% above its estimated fair value. The current Gross Margin % is 48.49%, which is 11% above median its 10-year median of 43.67 and 107.4% above the Chemicals industry median of 23.38. Linde's overall GF Score™ is 26/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Linde (WBO:LIN), the current Gross Margin % is 48.49% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Linde (WBO:LIN) Overvalued in 2026?
Based on GuruFocus' analysis, Linde stock appears to be overvalued.
The current stock price of €455.60 is trading 4.1% above its estimated GF Value™ of €437.71.
GuruFocus considers Linde to be Fairly Valued.
Key valuation signals for WBO:LIN:
Gross Margin %: 48.49% (11% above median its 10-year median of 43.67)
GF Value™: €437.71 vs. price of €455.60 (4.1% above fair value)
Industry Position: 107.4% above the Chemicals median (#147 of 1564)
No single metric tells the full story. See the WBO:LIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $34 billion in revenue in 2025.
26GF Score
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