Stocks Comparison
Air Products & Chemicals vs Linde: revenue, profit, margins and growth compared
Air Products & Chemicals brought in $12B of revenue in fiscal 2025, Linde $34B in fiscal 2025. Revenue changed by -0.5% at Air Products & Chemicals and +3.0% at Linde on the year before, so Linde grew faster. Air Products & Chemicals kept -3.3% of its revenue as net profit, Linde 20.3%. Free cash flow was -$3.8B at Air Products & Chemicals and $5.1B at Linde.
Side by side, latest fiscal year
| APD | LIN | |
|---|---|---|
| Fiscal year ended | FY2025 (September 30, 2025) | FY2025 (December 31, 2025) |
| Revenue | $12B | $34B |
| Revenue growth | -0.5% | +3.0% |
| Net income | -$394.5M | $6.9B |
| Net margin | -3.3% | 20.3% |
| Free cash flow | -$3.8B | $5.1B |
| Free cash flow margin | -31.3% | 15.0% |
| Earnings per share (diluted) | -$1.77 | $14.61 |
| Cash | $1.9B | $5.1B |
| Debt | $17.7B | $22.5B |
| Price to earnings | n/a | 32.2 |
| Market value | $62.7B | $216.6B |
| Dividend yield | 2.53% | 1.28% |
| Rank by revenue in sector | #7 of 71 · Basic materials | #2 of 71 · Basic materials |
Over the years
Questions about Air Products & Chemicals and Linde
Which is bigger by revenue, Air Products & Chemicals or Linde?
Linde is bigger by revenue: $34B in fiscal 2025, against $12B for Air Products & Chemicals in fiscal 2025.
Which keeps more of its revenue as profit, Air Products & Chemicals or Linde?
Air Products & Chemicals had a net margin of -3.3% in fiscal 2025; Linde had 20.3% in fiscal 2025.
Which grew revenue faster, Air Products & Chemicals or Linde?
In their latest fiscal years revenue changed by -0.5% at Air Products & Chemicals and +3.0% at Linde.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.