Linde Q4 2025 adj. EPS $4.20 (+6% YoY); FY adj. EPS $16.46 (+6%); guides FY26 $17.40-$17.90

LINDE PLC

2025-FY EPS reported $14.61 vs consensus $4.22 ▲ beat (+246.3%)

Q4 sales $8.8B (+6% YoY); adj. operating profit $2.6B (+4%); adj. operating margin 29.5%.
Full-year 2025 adj. EPS $16.46 (+6% YoY) on sales $34.0B (+3%); adj. operating margin 29.8%.
FY26 adj. EPS guidance $17.40-$17.90 (6%-9% growth); Q1 adj. EPS guidance $4.20-$4.30.
Operating cash flow Q4 $3.0B (+8% YoY); full-year OCF $10.4B (+10% YoY).
Project backlog $10.0B; returned $7.4B to shareholders via dividends and buybacks in 2025.

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