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Barrick Mining vs Linde: revenue, profit, margins and growth compared

Barrick Mining brought in $17B of revenue in fiscal 2025, Linde $34B in fiscal 2025. Revenue changed by +31.2% at Barrick Mining and +3.0% at Linde on the year before, so Barrick Mining grew faster. Barrick Mining kept 29.4% of its revenue as net profit, Linde 20.3%. Free cash flow was $3.9B at Barrick Mining and $5.1B at Linde.

Side by side, latest fiscal year

BLIN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$17B$34B
Revenue growth+31.2%+3.0%
Net income$5B$6.9B
Net margin29.4%20.3%
Free cash flow$3.9B$5.1B
Free cash flow margin22.8%15.0%
Earnings per share (diluted)$2.93$14.61
Cash$6.7B$5.1B
Debtn/a$22.5B
Price to earningsn/a32.2
Market value$70.6B$216.6B
Dividend yieldn/a1.28%
Rank by revenue in sector#5 of 71 · Basic materials#2 of 71 · Basic materials

Over the years

Revenue
B FY2018: $7.2BB FY2019: $9.7BB FY2020: $12.6BB FY2021: $12BB FY2022: $11BB FY2023: $11.4BB FY2024: $12.9BB FY2025: $17BLIN FY2018: $14.8BLIN FY2019: $28.2BLIN FY2020: $27.2BLIN FY2021: $30.8BLIN FY2022: $33.4BLIN FY2023: $32.9BLIN FY2024: $33BLIN FY2025: $34BFY18FY19FY20FY21FY22FY23FY24FY25
B $17BLIN $34B
Net income
B FY2018: -$1.5BB FY2019: $4BB FY2020: $2.3BB FY2021: $2BB FY2022: $432MB FY2023: $1.3BB FY2024: $2.1BB FY2025: $5BLIN FY2018: $4.4BLIN FY2019: $2.3BLIN FY2020: $2.5BLIN FY2021: $3.8BLIN FY2022: $4.1BLIN FY2023: $6.2BLIN FY2024: $6.6BLIN FY2025: $6.9BFY18FY19FY20FY21FY22FY23FY24FY25
B $5BLIN $6.9B
Net margin
B FY2018: -21.3%B FY2019: 40.8%B FY2020: 18.5%B FY2021: 16.9%B FY2022: 3.9%B FY2023: 11.2%B FY2024: 16.6%B FY2025: 29.4%LIN FY2018: 29.5%LIN FY2019: 8.1%LIN FY2020: 9.2%LIN FY2021: 12.4%LIN FY2022: 12.4%LIN FY2023: 18.9%LIN FY2024: 19.9%LIN FY2025: 20.3%FY18FY19FY20FY21FY22FY23FY24FY25
B 29.4%LIN 20.3%
Revenue growth
B FY2019: +34.2%B FY2020: +29.6%B FY2021: -4.8%B FY2022: -8.1%B FY2023: +3.5%B FY2024: +13.4%B FY2025: +31.2%LIN FY2019: +90.3%LIN FY2020: -3.5%LIN FY2021: +13.0%LIN FY2022: +8.3%LIN FY2023: -1.5%LIN FY2024: +0.5%LIN FY2025: +3.0%FY19FY20FY21FY22FY23FY24FY25
B +31.2%LIN +3.0%
Free cash flow
B FY2018: $365MB FY2019: $1.1BB FY2020: $3.4BB FY2021: $1.9BB FY2022: $432MB FY2023: $646MB FY2024: $1.3BB FY2025: $3.9BLIN FY2018: $1.8BLIN FY2019: $2.4BLIN FY2020: $4BLIN FY2021: $6.6BLIN FY2022: $5.7BLIN FY2023: $5.5BLIN FY2024: $4.9BLIN FY2025: $5.1BFY18FY19FY20FY21FY22FY23FY24FY25
B $3.9BLIN $5.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Barrick Mining and Linde

Which is bigger by revenue, Barrick Mining or Linde?

Linde is bigger by revenue: $34B in fiscal 2025, against $17B for Barrick Mining in fiscal 2025.

Which keeps more of its revenue as profit, Barrick Mining or Linde?

Barrick Mining had a net margin of 29.4% in fiscal 2025; Linde had 20.3% in fiscal 2025.

Which grew revenue faster, Barrick Mining or Linde?

In their latest fiscal years revenue changed by +31.2% at Barrick Mining 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.

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