LindeWBO:LIN +1.65%26 Net Margin % is 21.15% as of Mar. 2026, which is 59% above its 10-year median of 13.34. 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 1,585 Chemicals companies, Linde ranks better than 94.76% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Linde's Net Income for the
three
months ended in Mar. 2026 was €1,606 Mil. Linde's Revenue for the
three
months ended in Mar. 2026 was €7,596 Mil. Therefore, Linde's net margin for the quarter that ended in Mar. 2026 was 21.15%.
The historical rank and industry rank for Linde's Net Margin % or its related term are showing as below:
WBO:LIN'
s Net Margin % Range Over the Past 10 Years
Min: 8.09 Med: 13.34 Max: 29.53
Current: 20.44
WBO:LIN's Net Margin % is ranked better than 94.76% of 1585
companies
in the Chemicals industry
Industry Median: 3.89
vs WBO:LIN: 20.44
Linde (WBO:LIN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Linde Net Margin % Related Terms
Linde Net Margin % Historical Data
* Premium members only.
The historical data trend for Linde's Net 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.
For the Specialty Chemicals subindustry, Linde's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Linde's Net Margin % distribution charts can be found below:
* The bar in red indicates where Linde's Net 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.
Linde (WBO:LIN) has a Net Margin % of 21.15% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Linde and its competitors. This is 59% above median its historical median of 13.34. Over the past decade, Linde's Net Margin % has ranged from 8.09 to 29.53. According to the industry distribution chart, Linde ranks #83 out of 1585 companies in the Chemicals industry, placing it in the top 5.2%.
Is Linde's Net Margin % too high?
Linde's current Net Margin % of 21.15% is 59% above median its 10-year median of 13.34. Over the past 10 years, this metric has ranged from a low of 8.09 to a high of 29.53. The Chemicals industry median Net Margin % is 3.89. Linde's value of 21.15% is 443.7% above this industry median. Based on the distribution chart, Linde ranks #83 out of 1585 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 Net Margin % compare to SHW and ECL?
According to the Chemicals industry distribution chart, Linde ranks #83 out of 1585 companies for Net Margin %. This places Linde in the top 5% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.89. Linde's value of 21.15% is 443.7% above this benchmark. Historically, Linde's own Net Margin % has ranged from 8.09 to 29.53 over the past decade. While the company's 10-year median is 13.34 vs. the industry median of 3.89, 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 Net Margin % for a Chemicals company?
The median Net Margin % among Chemicals companies is 3.89, based on 1,585 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Linde's current Net Margin % of 21.15% is 443.7% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Linde and its competitors. For the Chemicals industry, the median Net Margin % is 3.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde's current Net Margin % is 21.15%, which is 59% above median its own 10-year median of 13.34. 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 Net Margin % is 21.15%, which is 59% above median its 10-year median of 13.34 and 443.7% above the Chemicals industry median of 3.89. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Linde (WBO:LIN), the current Net Margin % is 21.15% 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:
Net Margin %: 21.15% (59% above median its 10-year median of 13.34)
GF Value™: €437.71 vs. price of €455.60 (4.1% above fair value)
Industry Position: 443.7% above the Chemicals median (#83 of 1585)
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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