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Linde vs Rio Tinto: revenue, profit, margins and growth compared

Linde brought in $34B of revenue in fiscal 2025, Rio Tinto $57.6B in fiscal 2025. Revenue changed by +3.0% at Linde and +6.3% at Rio Tinto on the year before, so Rio Tinto grew faster. Linde kept 20.3% of its revenue as net profit, Rio Tinto 17.3%.

Side by side, latest fiscal year

LINRIO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$34B$57.6B
Revenue growth+3.0%+6.3%
Net income$6.9B$10B
Net margin20.3%17.3%
Free cash flow$5.1Bn/a
Free cash flow margin15.0%n/a
Earnings per share (diluted)$14.61$6.08
Cash$5.1B$8.9B
Debt$22.5B$21.9B
Price to earnings32.2n/a
Market value$216.6B$118.8B
Dividend yield1.28%n/a
Rank by revenue in sector#3 of 77 · Basic materials#1 of 77 · 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: $34BRIO FY2018: $40.6BRIO FY2019: $43.2BRIO FY2020: $44.6BRIO FY2021: $64.1BRIO FY2022: $56.1BRIO FY2023: $54BRIO FY2024: $54.2BRIO FY2025: $57.6BFY18FY19FY20FY21FY22FY23FY24FY25
LIN $34BRIO $57.6B
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: $6.9BRIO FY2018: $13.6BRIO FY2019: $8BRIO FY2020: $9.8BRIO FY2021: $21.1BRIO FY2022: $12.4BRIO FY2023: $10.1BRIO FY2024: $11.6BRIO FY2025: $10BFY18FY19FY20FY21FY22FY23FY24FY25
LIN $6.9BRIO $10B
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%RIO FY2018: 33.6%RIO FY2019: 18.6%RIO FY2020: 21.9%RIO FY2021: 32.9%RIO FY2022: 22.1%RIO FY2023: 18.6%RIO FY2024: 21.3%RIO FY2025: 17.3%FY18FY19FY20FY21FY22FY23FY24FY25
LIN 20.3%RIO 17.3%
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%RIO FY2019: +6.3%RIO FY2020: +3.3%RIO FY2021: +43.7%RIO FY2022: -12.5%RIO FY2023: -3.6%RIO FY2024: +0.3%RIO FY2025: +6.3%FY19FY20FY21FY22FY23FY24FY25
LIN +3.0%RIO +6.3%
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: $5.1BFY18FY19FY20FY21FY22FY23FY24FY25
LIN $5.1BRIO

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

Questions about Linde and Rio Tinto

Which is bigger by revenue, Linde or Rio Tinto?

Rio Tinto is bigger by revenue: $57.6B in fiscal 2025, against $34B for Linde in fiscal 2025.

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

Linde had a net margin of 20.3% in fiscal 2025; Rio Tinto had 17.3% in fiscal 2025.

Which grew revenue faster, Linde or Rio Tinto?

In their latest fiscal years revenue changed by +3.0% at Linde and +6.3% at Rio Tinto.

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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