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Linde vs Lsb Industries: revenue, profit, margins and growth compared

Linde brought in $34B of revenue in fiscal 2025, Lsb Industries $615.2M in fiscal 2025. Revenue changed by +3.0% at Linde and +17.8% at Lsb Industries on the year before, so Lsb Industries grew faster. Linde kept 20.3% of its revenue as net profit, Lsb Industries 4.0%. Free cash flow was $5.1B at Linde and $18.1M at Lsb Industries.

Side by side, latest fiscal year

LINLXU
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$34B$615.2M
Revenue growth+3.0%+17.8%
Net income$6.9B$24.6M
Net margin20.3%4.0%
Free cash flow$5.1B$18.1M
Free cash flow margin15.0%2.9%
Earnings per share (diluted)$14.61$0.34
Cash$5.1B$19.5M
Debt$22.5B$441.1M
Price to earnings32.229.1
Market value$216.6B$712.1M
Dividend yield1.28%n/a
Rank by revenue in sector#2 of 71 · Basic materials#42 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: $34BLXU FY2018: $378.2MLXU FY2019: $365.1MLXU FY2020: $351.3MLXU FY2021: $556.2MLXU FY2022: $901.7MLXU FY2023: $593.7MLXU FY2024: $522.4MLXU FY2025: $615.2MFY18FY19FY20FY21FY22FY23FY24FY25
LIN $34BLXU $615.2M
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: $6.9BLXU FY2018: -$72.2MLXU FY2019: -$63.4MLXU FY2020: -$61.9MLXU FY2021: $43.5MLXU FY2022: $230.3MLXU FY2023: $27.9MLXU FY2024: -$19.4MLXU FY2025: $24.6MFY18FY19FY20FY21FY22FY23FY24FY25
LIN $6.9BLXU $24.6M
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%LXU FY2018: -19.1%LXU FY2019: -17.4%LXU FY2020: -17.6%LXU FY2021: 7.8%LXU FY2022: 25.5%LXU FY2023: 4.7%LXU FY2024: -3.7%LXU FY2025: 4.0%FY18FY19FY20FY21FY22FY23FY24FY25
LIN 20.3%LXU 4.0%
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%LXU FY2019: -3.5%LXU FY2020: -3.8%LXU FY2021: +58.3%LXU FY2022: +62.1%LXU FY2023: -34.2%LXU FY2024: -12.0%LXU FY2025: +17.8%FY19FY20FY21FY22FY23FY24FY25
LIN +3.0%LXU +17.8%
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: $5.1BLXU FY2018: -$19.4MLXU FY2019: -$34MLXU FY2020: -$33MLXU FY2021: $52.5MLXU FY2022: $299.8MLXU FY2023: $69.9MLXU FY2024: -$5.7MLXU FY2025: $18.1MFY18FY19FY20FY21FY22FY23FY24FY25
LIN $5.1BLXU $18.1M

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

Questions about Linde and Lsb Industries

Which is bigger by revenue, Linde or Lsb Industries?

Linde is bigger by revenue: $34B in fiscal 2025, against $615.2M for Lsb Industries in fiscal 2025.

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

Linde had a net margin of 20.3% in fiscal 2025; Lsb Industries had 4.0% in fiscal 2025.

Which grew revenue faster, Linde or Lsb Industries?

In their latest fiscal years revenue changed by +3.0% at Linde and +17.8% at Lsb Industries.

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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