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Linde vs Luxfer: revenue, profit, margins and growth compared

Linde brought in $34B of revenue in fiscal 2025, Luxfer $384.6M in fiscal 2025. Revenue changed by +3.0% at Linde and -1.9% at Luxfer on the year before, so Linde grew faster. Linde kept 20.3% of its revenue as net profit, Luxfer 2.0%. Free cash flow was $5.1B at Linde and $26.2M at Luxfer.

Side by side, latest fiscal year

LINLXFR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$34B$384.6M
Revenue growth+3.0%-1.9%
Net income$6.9B$7.7M
Net margin20.3%2.0%
Free cash flow$5.1B$26.2M
Free cash flow margin15.0%6.8%
Earnings per share (diluted)$14.61$0.28
Cash$5.1B$8.3M
Debt$22.5B$39.4M
Price to earnings32.261.6
Market value$216.6B$461.6M
Dividend yield1.28%n/a
Rank by revenue in sector#2 of 71 · Basic materials#44 of 71 · Basic materials

Over the years

Revenue
LIN FY2018: $14.8BLIN FY2019: $28.2BLIN FY2020: $27.2BLIN FY2021: $30.8BLIN FY2022: $33.4BLIN FY2023: $32.9BLIN FY2024: $33BLIN FY2025: $34BLXFR FY2018: $401.9MLXFR FY2019: $373.4MLXFR FY2020: $324.8MLXFR FY2021: $374.1MLXFR FY2022: $423.4MLXFR FY2023: $405MLXFR FY2024: $391.9MLXFR FY2025: $384.6MFY18FY19FY20FY21FY22FY23FY24FY25
LIN $34BLXFR $384.6M
Net income
LIN FY2018: $4.4BLIN FY2019: $2.3BLIN FY2020: $2.5BLIN FY2021: $3.8BLIN FY2022: $4.1BLIN FY2023: $6.2BLIN FY2024: $6.6BLIN FY2025: $6.9BLXFR FY2018: $25MLXFR FY2019: $3.1MLXFR FY2020: $20MLXFR FY2021: $29.9MLXFR FY2022: $26.9MLXFR FY2023: -$1.9MLXFR FY2024: $18.4MLXFR FY2025: $7.7MFY18FY19FY20FY21FY22FY23FY24FY25
LIN $6.9BLXFR $7.7M
Net margin
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%LXFR FY2018: 6.2%LXFR FY2019: 0.8%LXFR FY2020: 6.2%LXFR FY2021: 8.0%LXFR FY2022: 6.4%LXFR FY2023: -0.5%LXFR FY2024: 4.7%LXFR FY2025: 2.0%FY18FY19FY20FY21FY22FY23FY24FY25
LIN 20.3%LXFR 2.0%
Revenue growth
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%LXFR FY2019: -7.1%LXFR FY2020: -13.0%LXFR FY2021: +15.2%LXFR FY2022: +13.2%LXFR FY2023: -4.3%LXFR FY2024: -3.2%LXFR FY2025: -1.9%FY19FY20FY21FY22FY23FY24FY25
LIN +3.0%LXFR -1.9%
Free cash flow
LIN FY2018: $1.8BLIN FY2019: $2.4BLIN FY2020: $4BLIN FY2021: $6.6BLIN FY2022: $5.7BLIN FY2023: $5.5BLIN FY2024: $4.9BLIN FY2025: $5.1BLXFR FY2018: $50MLXFR FY2019: -$7.3MLXFR FY2020: $41.6MLXFR FY2021: $17MLXFR FY2022: $7.6MLXFR FY2023: $16.9MLXFR FY2024: $40.8MLXFR FY2025: $26.2MFY18FY19FY20FY21FY22FY23FY24FY25
LIN $5.1BLXFR $26.2M

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

Questions about Linde and Luxfer

Which is bigger by revenue, Linde or Luxfer?

Linde is bigger by revenue: $34B in fiscal 2025, against $384.6M for Luxfer in fiscal 2025.

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

Linde had a net margin of 20.3% in fiscal 2025; Luxfer had 2.0% in fiscal 2025.

Which grew revenue faster, Linde or Luxfer?

In their latest fiscal years revenue changed by +3.0% at Linde and -1.9% at Luxfer.

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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