Linde (LIN) revenue breakdown
By segment, Americas is the largest at 45% of fiscal 2025 revenue; Engineering Segment grew fastest, 25% a year over 7 years.
By product, Atmospheric gases and related is the largest at 56% of fiscal 2018 revenue, growing 7% a year over 2 years.
Revenue by segment
Fiscal years, as Linde reports them in its 10-K filings; fiscal 2025 total $34.0B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas | — | $7.2B | $8.0B | $11.0B | $10.5B | $12.1B | $13.9B | $14.3B | $14.4B | $15.2B | 45% |
| EMEA | — | $1.5B | $2.6B | $6.6B | $6.4B | $7.6B | $8.4B | $8.5B | $8.4B | $8.5B | 25% |
| APAC | — | $1.6B | $2.4B | $5.8B | $5.7B | $6.1B | $6.5B | $6.6B | $6.6B | $6.7B | 20% |
| Engineering Segment | — | — | $459M | $2.8B | $2.9B | $2.9B | $2.8B | $2.2B | $2.3B | $2.2B | 7% |
| Corporate Segment and Other Operating Segment | — | $1.1B | $1.3B | $2.0B | $1.8B | $2.0B | $1.8B | $1.3B | $1.3B | $1.3B | 4% |
| North America | $5.6B | — | — | — | — | — | — | — | — | — | — |
| Asia | $1.6B | — | — | — | — | — | — | — | — | — | — |
| South America | $1.4B | — | — | — | — | — | — | — | — | — | — |
| Europe | $1.4B | — | — | — | — | — | — | — | — | — | — |
| Surface Technologies | $596M | — | — | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Linde reports them in its 10-K filings; fiscal 2018 total $14.9B.
| Products | 2016 | 2017 | 2018 | Share |
|---|---|---|---|---|
| Atmospheric gases and related | $7.3B | $7.9B | $8.4B | 56% |
| Process gases and other | $2.6B | $2.9B | $3.0B | 20% |
| Linde AG | — | — | $2.9B | 19% |
| Surface Technologies | $596M | $617M | $682M | 5% |
Revenue by region
Fiscal years, as Linde reports them in its 10-K filings; fiscal 2025 total $34.0B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. | $4.6B | $5.0B | $5.9B | $8.6B | $8.5B | $9.1B | $10.6B | $10.6B | $11.5B | $12.2B | 36% |
| Other – non-U.S. | $2.6B | $4.0B | $5.4B | $10.2B | $9.5B | $11.1B | $11.0B | $11.5B | $10.8B | $11.3B | 33% |
| China | $613M | $735M | $1.0B | $2.0B | $2.1B | $2.6B | $2.6B | $2.6B | $2.6B | $2.6B | 8% |
| Germany | $373M | $401M | $868M | $3.6B | $3.7B | $3.6B | $3.7B | $2.8B | $2.5B | $2.4B | 7% |
| United Kingdom | — | $131M | $398M | $1.7B | $1.6B | $2.1B | $2.0B | $1.5B | $1.5B | $1.5B | 4% |
| Mexico | — | — | — | — | — | — | $1.0B | $1.3B | $1.3B | $1.4B | 4% |
| Brazil | $1.1B | $1.1B | $1.0B | $994M | $822M | $1.1B | $1.2B | $1.3B | $1.3B | $1.3B | 4% |
| Australia | — | — | $183M | $1.1B | $1.1B | $1.3B | $1.4B | $1.3B | $1.4B | $1.3B | 4% |
| Europe, excluding Germany | $1.2B | — | — | — | — | — | — | — | — | — | — |
Questions
Where does Linde make its money?
In fiscal 2025, by segment: Americas $15.2B, EMEA $8.5B, APAC $6.7B, Engineering Segment $2.2B, Corporate Segment and Other Operating Segment $1.3B.
From Linde's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.