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US equity markets/AI Value chain/LIN

Linde

LIN·NASDAQ·USD

508.65+1.09 (+0.21%)
Regular-session close·Definitions
Price history1992-06-17 — 2026-10-23Valid trading days: 8,649 · Available range · History update delayed
Operating history2017-03-31 — 2026-06-309 historical metrics · 38 workpaper periods
Coverage limitations

Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.

Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.

The history starts with the provider’s first actual observation; this starting point is not a verified initial listing date.

The earliest available price is not proof of the listing date. Coverage since listing remains unverified.

Security basis: The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.

Original verification records

first-provider-observation-listing-date-not-verified

History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

View sources and versions ↗
Financial drivers from public filings · single quarter

Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.

Coverage and applicability

2017-03-31 — 2026-06-30 · Valid observations: 276. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.

  • Cash purchases of productive assets / revenue: The selected capital-expenditure measure does not represent the broader concept of productive-asset purchases.

Price and operations

Research history
Reproducible calculations from public filings, without inferring segment-level results.

Period end is the end of the operating period. Source-publication mode uses the publication date of the document selected, without asserting that it was the first disclosure. Expand the notes below the chart for definitions and sources.

Add metrics 3
Available metrics: 9

Financials and cash flow

Last value in range
LIN Share priceTrading day
USD350400450500550508.83
Operating marginQuarterly observations
%2224262827.5
Net marginQuarterly observations
%1618202220.8
(CFO − cash purchases of PP&E) / revenueQuarterly observations
%510152025.10.2326.01.0126.04.0126.07.0126.10.239

Time rangeLIN Share price

2025-10-23 — 2026-10-23
Methodology and controls

Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Some daily market or calendar coverage is unverified. Only consecutive calendar dates are connected; gaps between dates are not assumed to be complete. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

8649 valid price observations · 3 operating metricsFull analysis workspace
Underlying data Operating metrics: 3
Observations in this chart, including unverified periods or dates · original values and source versions retained
Selected operating metrics; records with values and current chart gaps appear first. Unverified dates are excluded from charts.
Reporting period endOperating margin% · Calculated from disclosuresNet margin% · Calculated from disclosures(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
2026-06-302026-06-3027.49%
Basis · Calculated from disclosures

Source version date: 2026-07-31

View calculation inputs · 4 items
Currency
USD
operatingIncome
2,554,000,000
Revenue
9,289,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
2,554,000,000
Filing date
2026-07-31
form
10-Q
accn
0001628280-26-051289
Input sign
1
sourceIds
0
lin-sec-0001628280-26-051289
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
9,289,000,000
Filing date
2026-07-31
form
10-Q
accn
0001628280-26-051289
Input sign
1
sourceIds
0
lin-sec-0001628280-26-051289
LIN · 10-Q · Filing version 2026-07-31
20.76%
Basis · Calculated from disclosures

Source version date: 2026-07-31

View calculation inputs · 4 items
Currency
USD
Net income
1,928,000,000
Revenue
9,289,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
1,928,000,000
Filing date
2026-07-31
form
10-Q
accn
0001628280-26-051289
Input sign
1
sourceIds
0
lin-sec-0001628280-26-051289
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
9,289,000,000
Filing date
2026-07-31
form
10-Q
accn
0001628280-26-051289
Input sign
1
sourceIds
0
lin-sec-0001628280-26-051289
LIN · 10-Q · Filing version 2026-07-31
8.97%
Basis · Calculated from disclosures

Source version date: 2026-07-31

View calculation inputs · 5 items
Currency
USD
Operating cash flow
2,271,000,000
Cash capital expenditure
1,438,000,000
Revenue
9,289,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-06-30
value
4,511,000,000
Filing date
2026-07-31
form
10-Q
accn
0001628280-26-051289
Input sign
1
sourceIds
0
lin-sec-0001628280-26-051289
1
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
2,240,000,000
Filing date
2026-05-01
form
10-Q
accn
0001628280-26-029165
Input sign
-1
sourceIds
0
lin-sec-0001628280-26-029165
2
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-06-30
value
2,780,000,000
Filing date
2026-07-31
form
10-Q
accn
0001628280-26-051289
Input sign
-1
sourceIds
0
lin-sec-0001628280-26-051289
3
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
1,342,000,000
Filing date
2026-05-01
form
10-Q
accn
0001628280-26-029165
Input sign
1
sourceIds
0
lin-sec-0001628280-26-029165
4
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
9,289,000,000
Filing date
2026-07-31
form
10-Q
accn
0001628280-26-051289
Input sign
1
sourceIds
0
lin-sec-0001628280-26-051289
LIN · 10-Q · Filing version 2026-07-31LIN · 10-Q · Filing version 2026-05-01
2026-03-312026-03-3127.78%
Basis · Calculated from disclosures

Source version date: 2026-05-01

View calculation inputs · 4 items
Currency
USD
operatingIncome
2,439,000,000
Revenue
8,781,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
2,439,000,000
Filing date
2026-05-01
form
10-Q
accn
0001628280-26-029165
Input sign
1
sourceIds
0
lin-sec-0001628280-26-029165
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
8,781,000,000
Filing date
2026-05-01
form
10-Q
accn
0001628280-26-029165
Input sign
1
sourceIds
0
lin-sec-0001628280-26-029165
LIN · 10-Q · Filing version 2026-05-01
21.15%
Basis · Calculated from disclosures

Source version date: 2026-05-01

View calculation inputs · 4 items
Currency
USD
Net income
1,857,000,000
Revenue
8,781,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
1,857,000,000
Filing date
2026-05-01
form
10-Q
accn
0001628280-26-029165
Input sign
1
sourceIds
0
lin-sec-0001628280-26-029165
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
8,781,000,000
Filing date
2026-05-01
form
10-Q
accn
0001628280-26-029165
Input sign
1
sourceIds
0
lin-sec-0001628280-26-029165
LIN · 10-Q · Filing version 2026-05-01
10.23%
Basis · Calculated from disclosures

Source version date: 2026-05-01

View calculation inputs · 5 items
Currency
USD
Operating cash flow
2,240,000,000
Cash capital expenditure
1,342,000,000
Revenue
8,781,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
2,240,000,000
Filing date
2026-05-01
form
10-Q
accn
0001628280-26-029165
Input sign
1
sourceIds
0
lin-sec-0001628280-26-029165
1
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
1,342,000,000
Filing date
2026-05-01
form
10-Q
accn
0001628280-26-029165
Input sign
-1
sourceIds
0
lin-sec-0001628280-26-029165
2
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
8,781,000,000
Filing date
2026-05-01
form
10-Q
accn
0001628280-26-029165
Input sign
1
sourceIds
0
lin-sec-0001628280-26-029165
LIN · 10-Q · Filing version 2026-05-01
2025-12-312025-12-3123.03%
Basis · Calculated from disclosures

Source version date: 2026-02-25

View calculation inputs · 4 items
Currency
USD
operatingIncome
2,018,000,000
Revenue
8,764,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
8,923,000,000
Filing date
2026-02-25
form
10-K
accn
0001628280-26-011430
Input sign
1
sourceIds
0
lin-sec-0001628280-26-011430
1
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
6,905,000,000
Filing date
2025-10-31
form
10-Q
accn
0001628280-25-047710
Input sign
-1
sourceIds
0
lin-sec-0001628280-25-047710
2
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
33,986,000,000
Filing date
2026-02-25
form
10-K
accn
0001628280-26-011430
Input sign
1
sourceIds
0
lin-sec-0001628280-26-011430
3
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
25,222,000,000
Filing date
2025-10-31
form
10-Q
accn
0001628280-25-047710
Input sign
-1
sourceIds
0
lin-sec-0001628280-25-047710
LIN · 10-K · Filing version 2026-02-25LIN · 10-Q · Filing version 2025-10-31
17.46%
Basis · Calculated from disclosures

Source version date: 2026-02-25

View calculation inputs · 4 items
Currency
USD
Net income
1,530,000,000
Revenue
8,764,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
6,898,000,000
Filing date
2026-02-25
form
10-K
accn
0001628280-26-011430
Input sign
1
sourceIds
0
lin-sec-0001628280-26-011430
1
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
5,368,000,000
Filing date
2025-10-31
form
10-Q
accn
0001628280-25-047710
Input sign
-1
sourceIds
0
lin-sec-0001628280-25-047710
2
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
33,986,000,000
Filing date
2026-02-25
form
10-K
accn
0001628280-26-011430
Input sign
1
sourceIds
0
lin-sec-0001628280-26-011430
3
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
25,222,000,000
Filing date
2025-10-31
form
10-Q
accn
0001628280-25-047710
Input sign
-1
sourceIds
0
lin-sec-0001628280-25-047710
LIN · 10-K · Filing version 2026-02-25LIN · 10-Q · Filing version 2025-10-31
17.94%
Basis · Calculated from disclosures

Source version date: 2026-02-25

View calculation inputs · 5 items
Currency
USD
Operating cash flow
3,030,000,000
Cash capital expenditure
1,458,000,000
Revenue
8,764,000,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
10,350,000,000
Filing date
2026-02-25
form
10-K
accn
0001628280-26-011430
Input sign
1
sourceIds
0
lin-sec-0001628280-26-011430
1
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
7,320,000,000
Filing date
2025-10-31
form
10-Q
accn
0001628280-25-047710
Input sign
-1
sourceIds
0
lin-sec-0001628280-25-047710
2
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
5,261,000,000
Filing date
2026-02-25
form
10-K
accn
0001628280-26-011430
Input sign
-1
sourceIds
0
lin-sec-0001628280-26-011430
3
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
3,803,000,000
Filing date
2025-10-31
form
10-Q
accn
0001628280-25-047710
Input sign
1
sourceIds
0
lin-sec-0001628280-25-047710
4
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
33,986,000,000
Filing date
2026-02-25
form
10-K
accn
0001628280-26-011430
Input sign
1
sourceIds
0
lin-sec-0001628280-26-011430
5
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
25,222,000,000
Filing date
2025-10-31
form
10-Q
accn
0001628280-25-047710
Input sign
-1
sourceIds
0
lin-sec-0001628280-25-047710
LIN · 10-K · Filing version 2026-02-25LIN · 10-Q · Filing version 2025-10-31
Calculations and sources 3 items
Operating margin% · Calculated from disclosures
Calculation basis

Operating income / revenue × 100

Reading guide

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources
LIN · 10-K · Filing version 2019-03-18LIN · 10-K · Filing version 2020-03-02LIN · 10-Q · Filing version 2020-05-07LIN · 10-Q · Filing version 2020-07-31LIN · 10-Q · Filing version 2020-11-05LIN · 10-Q · Filing version 2021-05-06LIN · 10-Q · Filing version 2021-07-30LIN · 10-Q · Filing version 2021-10-29LIN · 10-K · Filing version 2023-02-28LIN · 10-Q · Filing version 2022-05-02LIN · 10-Q · Filing version 2022-07-28LIN · 10-Q · Filing version 2022-10-27LIN · 10-K · Filing version 2024-02-28LIN · 10-Q · Filing version 2023-04-27LIN · 10-Q · Filing version 2023-07-27LIN · 10-Q · Filing version 2023-10-26LIN · 10-K · Filing version 2025-02-26LIN · 10-Q · Filing version 2024-05-02LIN · 10-Q · Filing version 2024-08-02LIN · 10-Q · Filing version 2024-10-31LIN · 10-K · Filing version 2026-02-25LIN · 10-Q · Filing version 2025-05-01LIN · 10-Q · Filing version 2025-08-01LIN · 10-Q · Filing version 2025-10-31LIN · 10-Q · Filing version 2026-05-01LIN · 10-Q · Filing version 2026-07-31
Net margin% · Calculated from disclosures
Calculation basis

Selected net-income concept / revenue × 100

Reading guide

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources
LIN · 10-K · Filing version 2019-03-18LIN · 10-K · Filing version 2020-03-02LIN · 10-Q · Filing version 2020-05-07LIN · 10-Q · Filing version 2020-07-31LIN · 10-Q · Filing version 2020-11-05LIN · 10-Q · Filing version 2021-05-06LIN · 10-Q · Filing version 2021-07-30LIN · 10-Q · Filing version 2021-10-29LIN · 10-K · Filing version 2023-02-28LIN · 10-Q · Filing version 2022-05-02LIN · 10-Q · Filing version 2022-07-28LIN · 10-Q · Filing version 2022-10-27LIN · 10-K · Filing version 2024-02-28LIN · 10-Q · Filing version 2023-04-27LIN · 10-Q · Filing version 2023-07-27LIN · 10-Q · Filing version 2023-10-26LIN · 10-K · Filing version 2025-02-26LIN · 10-Q · Filing version 2024-05-02LIN · 10-Q · Filing version 2024-08-02LIN · 10-Q · Filing version 2024-10-31LIN · 10-K · Filing version 2026-02-25LIN · 10-Q · Filing version 2025-05-01LIN · 10-Q · Filing version 2025-08-01LIN · 10-Q · Filing version 2025-10-31LIN · 10-Q · Filing version 2026-05-01LIN · 10-Q · Filing version 2026-07-31
(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
Calculation basis

(Operating cash flow − cash purchases of PP&E) / revenue × 100

Reading guide

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources
LIN · 10-K · Filing version 2019-03-18LIN · 10-Q · Filing version 2019-05-10LIN · 10-K · Filing version 2020-03-02LIN · 10-Q · Filing version 2019-08-09LIN · 10-Q · Filing version 2019-11-12LIN · 10-K · Filing version 2021-03-01LIN · 10-Q · Filing version 2020-05-07LIN · 10-Q · Filing version 2020-07-31LIN · 10-Q · Filing version 2020-11-05LIN · 10-K · Filing version 2022-02-28LIN · 10-Q · Filing version 2021-05-06LIN · 10-Q · Filing version 2021-07-30LIN · 10-Q · Filing version 2021-10-29LIN · 10-K · Filing version 2023-02-28LIN · 10-Q · Filing version 2022-05-02LIN · 10-Q · Filing version 2022-07-28LIN · 10-Q · Filing version 2022-10-27LIN · 10-K · Filing version 2024-02-28LIN · 10-Q · Filing version 2023-04-27LIN · 10-Q · Filing version 2023-07-27LIN · 10-Q · Filing version 2023-10-26LIN · 10-K · Filing version 2025-02-26LIN · 10-Q · Filing version 2024-05-02LIN · 10-Q · Filing version 2024-08-02LIN · 10-Q · Filing version 2024-10-31LIN · 10-K · Filing version 2026-02-25LIN · 10-Q · Filing version 2025-05-01LIN · 10-Q · Filing version 2025-08-01LIN · 10-Q · Filing version 2025-10-31LIN · 10-Q · Filing version 2026-05-01LIN · 10-Q · Filing version 2026-07-31

Business and research scope

How the business turns into revenue and cash, and what the available evidence can establish.

Company filings ↗

Linde plc. The quote provider classifies its industry as Major Chemicals. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.

Company profile and filings
Legal name
Linde plc
Exchange / quote currency
NASDAQ / USD
Reporting currency
USD
Source industry classification
Major Chemicals
Financial period end / Source version used
2026-06-30 / 2026-07-31
Value-chain roles (not revenue shares)
Basic materials and industrial gases
Check SEC filings index ↗

Related companies in the value chain

Shared value-chain roles do not establish direct peer status or valuation comparability.
ECLEcolab291.27+0.82%APDAir Products307.11+0.45%PPGPPG113.44+3.22%QQnity Electronics118.75+4.10%DDDuPont137.67+1.04%
MARKET DATA

Quote details

Candlesticks, volume and cross-company prices

508.65 +0.21%
2026-07-23 — 2026-10-23Price change over the selected period +0.50%
Provider split-adjusted prices excluding dividends, USD. Recorded trading days are equally spaced from 2026-07-23 to 2026-10-23 (66 trading days). Volume is shown separately in shares.USD440460480500520508.83Volume · shares2026-07-23 Volume 1,808,400 shares2026-07-24 Volume 1,327,200 shares2026-07-27 Volume 1,656,100 shares2026-07-28 Volume 2,339,600 shares2026-07-29 Volume 2,030,200 shares2026-07-30 Volume 2,360,800 shares2026-07-31 Volume 5,221,600 shares2026-08-03 Volume 2,806,200 shares2026-08-04 Volume 2,974,700 shares2026-08-05 Volume 2,209,600 shares2026-08-06 Volume 2,062,400 shares2026-08-07 Volume 1,731,300 shares2026-08-10 Volume 1,877,600 shares2026-08-11 Volume 1,332,200 shares2026-08-12 Volume 2,336,900 shares2026-08-13 Volume 2,197,600 shares2026-08-14 Volume 1,365,100 shares2026-08-17 Volume 1,745,800 shares2026-08-18 Volume 2,401,000 shares2026-08-19 Volume 2,847,100 shares2026-08-20 Volume 1,811,400 shares2026-08-21 Volume 2,048,400 shares2026-08-24 Volume 2,184,100 shares2026-08-25 Volume 1,785,600 shares2026-08-26 Volume 1,843,200 shares2026-08-27 Volume 1,899,800 shares2026-08-28 Volume 1,240,800 shares2026-08-31 Volume 2,109,600 shares2026-09-01 Volume 1,641,100 shares2026-09-02 Volume 1,154,200 shares2026-09-03 Volume 1,829,300 shares2026-09-04 Volume 2,273,700 shares2026-09-08 Volume 2,580,500 shares2026-09-09 Volume 2,095,700 shares2026-09-10 Volume 2,149,000 shares2026-09-11 Volume 1,631,000 shares2026-09-14 Volume 1,439,300 shares2026-09-15 Volume 1,641,800 shares2026-09-16 Volume 1,338,200 shares2026-09-17 Volume 2,189,000 shares2026-09-18 Volume 4,475,400 shares2026-09-21 Volume 2,016,600 shares2026-09-22 Volume 1,934,200 shares2026-09-23 Volume 1,925,700 shares2026-09-24 Volume 2,084,400 shares2026-09-25 Volume 1,618,600 shares2026-09-28 Volume 1,868,800 shares2026-09-29 Volume 1,908,000 shares2026-09-30 Volume 2,640,100 shares2026-10-01 Volume 2,124,000 shares2026-10-02 Volume 2,533,700 shares2026-10-05 Volume 2,797,700 shares2026-10-06 Volume 3,161,100 shares2026-10-07 Volume 1,942,800 shares2026-10-08 Volume 2,117,300 shares2026-10-09 Volume 1,590,800 shares2026-10-12 Volume 1,457,200 shares2026-10-13 Volume 1,394,100 shares2026-10-14 Volume 2,484,400 shares2026-10-15 Volume 2,547,400 shares2026-10-16 Volume 2,036,700 shares2026-10-19 Volume 1,724,400 shares2026-10-20 Volume 1,822,600 shares2026-10-21 Volume 1,430,200 shares2026-10-22 Volume 1,956,800 shares2026-10-23 Volume 1,665,700 shares5.2M007-2308-1409-0910-0110-23
Daily · Provider split-adjusted prices, excluding dividends · USD · Valid closes: 8649 / trading dates: 8649Market data source
MARKET & FUNDAMENTALS

Quote and valuation methodology

Data timestamps

Trading overview

Previous close
507.56
Session open
504.56
Session range
504.56 – 509.00
Session volume
1.72 M
20 Average daily volume
2.06 M
Historical range
6.81 – 548.20

Valuation and cash

Market cap · USD
233.44 B
Price / sales · TTM
6.59
Free cash flow yield
2.13%

Financial denominator

Revenue · TTM
35.45 B USD
Period end
2026-06-30
Source version
2026-07-31

Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-06-30

Research archiveNo standalone articles or full reports for this company have been included yet

Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。

Financial comparison

Select two specific periods to compare changes in scale, earnings and cash.

Quarter · As of 2026-06-30Source version used 2026-07-31 · Original currency USD
USD · Quarter
Current period 2026-04-01 — 2026-06-30Comparison period 2026-01-01 — 2026-03-31
Financial comparison of two defined periods; expand values for source records
Line itemCurrent periodComparison periodAmount changeGrowth
RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive
9.29 B

Raw value 9,289,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

8.78 B

Raw value 8,781,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+508.00 M+5.79%
Operating incomeOperating margin 27.49% · Change -0.28 percentage points
2.55 B

Raw value 2,554,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

2.44 B

Raw value 2,439,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+115.00 M+4.72%
Net incomeNet margin 20.76% · Change -0.39 percentage points
1.93 B

Raw value 1,928,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

1.86 B

Raw value 1,857,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+71.00 M+3.82%
Operating cash flowOperating cash flow / revenue 24.45% · Change -1.06 percentage points
2.27 BDerived by subtraction

Raw value 2,271,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 4.51 B USD · Source version 2026-07-31
  • Subtract: 2026-01-01 — 2026-03-31 · 2.24 B USD · Source version 2026-05-01
2.24 B

Raw value 2,240,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+31.00 M+1.38%
Capital expenditureCapital expenditure / revenue 15.48% · Change +0.20 percentage points
1.44 BDerived by subtraction

Raw value 1,438,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 2.78 B USD · Source version 2026-07-31
  • Subtract: 2026-01-01 — 2026-03-31 · 1.34 B USD · Source version 2026-05-01
1.34 B

Raw value 1,342,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+96.00 M+7.15%
Comparable values unavailable for the two selected periods · Gross profit
  • Gross profit：Reported value unavailable; Reported value unavailable.
Check filing sources ↗

The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.

Historical trends and full financials
Comparable-period financial trends
Last value in range
USD million02.5k5k7.5k10k2017.032020.012022.012024.012026.069.29k2.55k1.93k

Time rangeRevenue

2017-03-31 — 2026-06-30
Methodology and controls

Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Scroll to see all periods; select a value to open its source →

Quarterly financials, USD. Records without verified periods or units are excluded from comparison columns.
Reporting period end · USD2017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-302019-12-312020-03-312020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue
2.73 B

Raw value 2,728,000,000.00 USD

2017-01-01 — 2017-03-31 · USD · Reported data

2.83 B

Raw value 2,834,000,000.00 USD

2017-04-01 — 2017-06-30 · USD · Reported data

2.92 B

Raw value 2,922,000,000.00 USD

2017-07-01 — 2017-09-30 · USD · Reported data

2.95 B

Raw value 2,953,000,000.00 USD

2017-10-01 — 2017-12-31 · USD · Reported data

2.98 B

Raw value 2,983,000,000.00 USD

2018-01-01 — 2018-03-31 · USD · Reported data

3.04 B

Raw value 3,044,000,000.00 USD

2018-04-01 — 2018-06-30 · USD · Reported data

3.01 B

Raw value 3,008,000,000.00 USD

2018-07-01 — 2018-09-30 · USD · Reported data

5.80 B

Raw value 5,801,000,000.00 USD

2018-10-01 — 2018-12-31 · USD · Reported data

6.94 B

Raw value 6,944,000,000.00 USD

2019-01-01 — 2019-03-31 · USD · Reported data

7.20 B

Raw value 7,204,000,000.00 USD

2019-04-01 — 2019-06-30 · USD · Reported data

7.00 B

Raw value 7,000,000,000.00 USD

2019-07-01 — 2019-09-30 · USD · Reported data

7.08 B

Raw value 7,080,000,000.00 USD

2019-10-01 — 2019-12-31 · USD · Reported data

6.74 B

Raw value 6,739,000,000.00 USD

2020-01-01 — 2020-03-31 · USD · Reported data

6.38 B

Raw value 6,377,000,000.00 USD

2020-04-01 — 2020-06-30 · USD · Reported data

6.86 B

Raw value 6,855,000,000.00 USD

2020-07-01 — 2020-09-30 · USD · Reported data

7.27 BDerived by subtraction

Raw value 7,272,000,000.00 USD

2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2020-01-01 — 2020-12-31 · 27.24 B USD · Source version 2023-02-28
  • Subtract: 2020-01-01 — 2020-09-30 · 19.97 B USD · Source version 2021-10-29
7.24 B

Raw value 7,243,000,000.00 USD

2021-01-01 — 2021-03-31 · USD · Reported data

7.58 B

Raw value 7,584,000,000.00 USD

2021-04-01 — 2021-06-30 · USD · Reported data

7.67 B

Raw value 7,668,000,000.00 USD

2021-07-01 — 2021-09-30 · USD · Reported data

8.30 BDerived by subtraction

Raw value 8,298,000,000.00 USD

2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2021-01-01 — 2021-12-31 · 30.79 B USD · Source version 2024-02-28
  • Subtract: 2021-01-01 — 2021-09-30 · 22.50 B USD · Source version 2022-10-27
8.21 B

Raw value 8,211,000,000.00 USD

2022-01-01 — 2022-03-31 · USD · Reported data

8.46 B

Raw value 8,457,000,000.00 USD

2022-04-01 — 2022-06-30 · USD · Reported data

8.80 B

Raw value 8,797,000,000.00 USD

2022-07-01 — 2022-09-30 · USD · Reported data

7.90 BDerived by subtraction

Raw value 7,899,000,000.00 USD

2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2022-01-01 — 2022-12-31 · 33.36 B USD · Source version 2025-02-26
  • Subtract: 2022-01-01 — 2022-09-30 · 25.47 B USD · Source version 2023-10-26
8.19 B

Raw value 8,193,000,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

8.20 B

Raw value 8,204,000,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reported data

8.16 B

Raw value 8,155,000,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

8.30 BDerived by subtraction

Raw value 8,302,000,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 32.85 B USD · Source version 2026-02-25
  • Subtract: 2023-01-01 — 2023-09-30 · 24.55 B USD · Source version 2024-10-31
8.10 B

Raw value 8,100,000,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

8.27 B

Raw value 8,267,000,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

8.36 B

Raw value 8,356,000,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

8.28 BDerived by subtraction

Raw value 8,282,000,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 33.01 B USD · Source version 2026-02-25
  • Subtract: 2024-01-01 — 2024-09-30 · 24.72 B USD · Source version 2025-10-31
8.11 B

Raw value 8,112,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

8.50 B

Raw value 8,495,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

8.62 B

Raw value 8,615,000,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

8.76 BDerived by subtraction

Raw value 8,764,000,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 33.99 B USD · Source version 2026-02-25
  • Subtract: 2025-01-01 — 2025-09-30 · 25.22 B USD · Source version 2025-10-31
8.78 B

Raw value 8,781,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

9.29 B

Raw value 9,289,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Gross profit——————————————————————————————————————
Operating income
567.00 M

Raw value 567,000,000.00 USD

2017-01-01 — 2017-03-31 · USD · Reported data

— Unverified

Reported value unavailable

Original record: —; period end 2017-06-30; attributed date 2017-06-30.

632.00 M

Raw value 632,000,000.00 USD

2017-07-01 — 2017-09-30 · USD · Reported data

639.00 M

Raw value 639,000,000.00 USD

2017-10-01 — 2017-12-31 · USD · Reported data

653.00 M

Raw value 653,000,000.00 USD

2018-01-01 — 2018-03-31 · USD · Reported data

689.00 M

Raw value 689,000,000.00 USD

2018-04-01 — 2018-06-30 · USD · Reported data

669.00 M

Raw value 669,000,000.00 USD

2018-07-01 — 2018-09-30 · USD · Reported data

3.24 B

Raw value 3,236,000,000.00 USD

2018-10-01 — 2018-12-31 · USD · Reported data

609.00 M

Raw value 609,000,000.00 USD

2019-01-01 — 2019-03-31 · USD · Reported data

669.00 M

Raw value 669,000,000.00 USD

2019-04-01 — 2019-06-30 · USD · Reported data

1.00 B

Raw value 1,000,000,000.00 USD

2019-07-01 — 2019-09-30 · USD · Reported data

655.00 M

Raw value 655,000,000.00 USD

2019-10-01 — 2019-12-31 · USD · Reported data

733.00 M

Raw value 733,000,000.00 USD

2020-01-01 — 2020-03-31 · USD · Reported data

591.00 M

Raw value 591,000,000.00 USD

2020-04-01 — 2020-06-30 · USD · Reported data

969.00 M

Raw value 969,000,000.00 USD

2020-07-01 — 2020-09-30 · USD · Reported data

1.03 BDerived by subtraction

Raw value 1,029,000,000.00 USD

2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2020-01-01 — 2020-12-31 · 3.32 B USD · Source version 2023-02-28
  • Subtract: 2020-01-01 — 2020-09-30 · 2.29 B USD · Source version 2021-10-29
1.21 B

Raw value 1,213,000,000.00 USD

2021-01-01 — 2021-03-31 · USD · Reported data

1.14 B

Raw value 1,142,000,000.00 USD

2021-04-01 — 2021-06-30 · USD · Reported data

1.29 B

Raw value 1,292,000,000.00 USD

2021-07-01 — 2021-09-30 · USD · Reported data

1.34 BDerived by subtraction

Raw value 1,337,000,000.00 USD

2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2021-01-01 — 2021-12-31 · 4.98 B USD · Source version 2024-02-28
  • Subtract: 2021-01-01 — 2021-09-30 · 3.65 B USD · Source version 2022-10-27
1.48 B

Raw value 1,480,000,000.00 USD

2022-01-01 — 2022-03-31 · USD · Reported data

589.00 M

Raw value 589,000,000.00 USD

2022-04-01 — 2022-06-30 · USD · Reported data

1.61 B

Raw value 1,613,000,000.00 USD

2022-07-01 — 2022-09-30 · USD · Reported data

1.69 BDerived by subtraction

Raw value 1,687,000,000.00 USD

2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2022-01-01 — 2022-12-31 · 5.37 B USD · Source version 2025-02-26
  • Subtract: 2022-01-01 — 2022-09-30 · 3.68 B USD · Source version 2023-10-26
1.93 B

Raw value 1,933,000,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

2.01 B

Raw value 2,011,000,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reported data

2.05 B

Raw value 2,052,000,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

2.03 BDerived by subtraction

Raw value 2,028,000,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 8.02 B USD · Source version 2026-02-25
  • Subtract: 2023-01-01 — 2023-09-30 · 6.00 B USD · Source version 2024-10-31
2.10 B

Raw value 2,095,000,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

2.18 B

Raw value 2,184,000,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

2.09 B

Raw value 2,086,000,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

2.27 BDerived by subtraction

Raw value 2,270,000,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 8.64 B USD · Source version 2026-02-25
  • Subtract: 2024-01-01 — 2024-09-30 · 6.37 B USD · Source version 2025-10-31
2.18 B

Raw value 2,184,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

2.35 B

Raw value 2,354,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

2.37 B

Raw value 2,367,000,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

2.02 BDerived by subtraction

Raw value 2,018,000,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 8.92 B USD · Source version 2026-02-25
  • Subtract: 2025-01-01 — 2025-09-30 · 6.91 B USD · Source version 2025-10-31
2.44 B

Raw value 2,439,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

2.55 B

Raw value 2,554,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Net income
389.00 M

Raw value 389,000,000.00 USD

2017-01-01 — 2017-03-31 · USD · Reported data

— Unverified

Reported value unavailable

Original record: —; period end 2017-06-30; attributed date 2017-06-30.

419.00 M

Raw value 419,000,000.00 USD

2017-07-01 — 2017-09-30 · USD · Reported data

33.00 M

Raw value 33,000,000.00 USD

2017-10-01 — 2017-12-31 · USD · Reported data

462.00 M

Raw value 462,000,000.00 USD

2018-01-01 — 2018-03-31 · USD · Reported data

480.00 M

Raw value 480,000,000.00 USD

2018-04-01 — 2018-06-30 · USD · Reported data

461.00 M

Raw value 461,000,000.00 USD

2018-07-01 — 2018-09-30 · USD · Reported data

2.98 B

Raw value 2,978,000,000.00 USD

2018-10-01 — 2018-12-31 · USD · Reported data

517.00 M

Raw value 517,000,000.00 USD

2019-01-01 — 2019-03-31 · USD · Reported data

522.00 M

Raw value 522,000,000.00 USD

2019-04-01 — 2019-06-30 · USD · Reported data

735.00 M

Raw value 735,000,000.00 USD

2019-07-01 — 2019-09-30 · USD · Reported data

511.00 M

Raw value 511,000,000.00 USD

2019-10-01 — 2019-12-31 · USD · Reported data

573.00 M

Raw value 573,000,000.00 USD

2020-01-01 — 2020-03-31 · USD · Reported data

458.00 M

Raw value 458,000,000.00 USD

2020-04-01 — 2020-06-30 · USD · Reported data

700.00 M

Raw value 700,000,000.00 USD

2020-07-01 — 2020-09-30 · USD · Reported data

770.00 MDerived by subtraction

Raw value 770,000,000.00 USD

2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2020-01-01 — 2020-12-31 · 2.50 B USD · Source version 2023-02-28
  • Subtract: 2020-01-01 — 2020-09-30 · 1.73 B USD · Source version 2021-10-29
980.00 M

Raw value 980,000,000.00 USD

2021-01-01 — 2021-03-31 · USD · Reported data

841.00 M

Raw value 841,000,000.00 USD

2021-04-01 — 2021-06-30 · USD · Reported data

979.00 M

Raw value 979,000,000.00 USD

2021-07-01 — 2021-09-30 · USD · Reported data

1.03 BDerived by subtraction

Raw value 1,026,000,000.00 USD

2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2021-01-01 — 2021-12-31 · 3.83 B USD · Source version 2024-02-28
  • Subtract: 2021-01-01 — 2021-09-30 · 2.80 B USD · Source version 2022-10-27
1.17 B

Raw value 1,174,000,000.00 USD

2022-01-01 — 2022-03-31 · USD · Reported data

372.00 M

Raw value 372,000,000.00 USD

2022-04-01 — 2022-06-30 · USD · Reported data

1.27 B

Raw value 1,273,000,000.00 USD

2022-07-01 — 2022-09-30 · USD · Reported data

1.33 BDerived by subtraction

Raw value 1,328,000,000.00 USD

2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2022-01-01 — 2022-12-31 · 4.15 B USD · Source version 2025-02-26
  • Subtract: 2022-01-01 — 2022-09-30 · 2.82 B USD · Source version 2023-10-26
1.52 B

Raw value 1,516,000,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

1.58 B

Raw value 1,575,000,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reported data

1.57 B

Raw value 1,565,000,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

1.54 BDerived by subtraction

Raw value 1,543,000,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 6.20 B USD · Source version 2026-02-25
  • Subtract: 2023-01-01 — 2023-09-30 · 4.66 B USD · Source version 2024-10-31
1.63 B

Raw value 1,627,000,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

1.66 B

Raw value 1,663,000,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

1.55 B

Raw value 1,550,000,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

1.73 BDerived by subtraction

Raw value 1,725,000,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 6.57 B USD · Source version 2026-02-25
  • Subtract: 2024-01-01 — 2024-09-30 · 4.84 B USD · Source version 2025-10-31
1.67 B

Raw value 1,673,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

1.77 B

Raw value 1,766,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

1.93 B

Raw value 1,929,000,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

1.53 BDerived by subtraction

Raw value 1,530,000,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 6.90 B USD · Source version 2026-02-25
  • Subtract: 2025-01-01 — 2025-09-30 · 5.37 B USD · Source version 2025-10-31
1.86 B

Raw value 1,857,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

1.93 B

Raw value 1,928,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Operating cash flow————————————
1.35 B

Raw value 1,347,000,000.00 USD

2020-01-01 — 2020-03-31 · USD · Reported data

1.76 BDerived by subtraction

Raw value 1,764,000,000.00 USD

2020-04-01 — 2020-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2020-01-01 — 2020-06-30 · 3.11 B USD · Source version 2021-07-30
  • Subtract: 2020-01-01 — 2020-03-31 · 1.35 B USD · Source version 2021-05-06
1.88 BDerived by subtraction

Raw value 1,884,000,000.00 USD

2020-07-01 — 2020-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2020-01-01 — 2020-09-30 · 5.00 B USD · Source version 2021-10-29
  • Subtract: 2020-01-01 — 2020-06-30 · 3.11 B USD · Source version 2021-07-30
2.43 BDerived by subtraction

Raw value 2,434,000,000.00 USD

2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2020-01-01 — 2020-12-31 · 7.43 B USD · Source version 2023-02-28
  • Subtract: 2020-01-01 — 2020-09-30 · 5.00 B USD · Source version 2021-10-29
2.11 B

Raw value 2,109,000,000.00 USD

2021-01-01 — 2021-03-31 · USD · Reported data

1.83 BDerived by subtraction

Raw value 1,827,000,000.00 USD

2021-04-01 — 2021-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2021-01-01 — 2021-06-30 · 3.94 B USD · Source version 2022-07-28
  • Subtract: 2021-01-01 — 2021-03-31 · 2.11 B USD · Source version 2022-05-02
2.56 BDerived by subtraction

Raw value 2,556,000,000.00 USD

2021-07-01 — 2021-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2021-01-01 — 2021-09-30 · 6.49 B USD · Source version 2022-10-27
  • Subtract: 2021-01-01 — 2021-06-30 · 3.94 B USD · Source version 2022-07-28
3.23 BDerived by subtraction

Raw value 3,233,000,000.00 USD

2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2021-01-01 — 2021-12-31 · 9.73 B USD · Source version 2024-02-28
  • Subtract: 2021-01-01 — 2021-09-30 · 6.49 B USD · Source version 2022-10-27
2.00 B

Raw value 2,000,000,000.00 USD

2022-01-01 — 2022-03-31 · USD · Reported data

2.13 BDerived by subtraction

Raw value 2,133,000,000.00 USD

2022-04-01 — 2022-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2022-01-01 — 2022-06-30 · 4.13 B USD · Source version 2023-07-27
  • Subtract: 2022-01-01 — 2022-03-31 · 2.00 B USD · Source version 2023-04-27
2.64 BDerived by subtraction

Raw value 2,636,000,000.00 USD

2022-07-01 — 2022-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2022-01-01 — 2022-09-30 · 6.77 B USD · Source version 2023-10-26
  • Subtract: 2022-01-01 — 2022-06-30 · 4.13 B USD · Source version 2023-07-27
2.10 BDerived by subtraction

Raw value 2,095,000,000.00 USD

2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2022-01-01 — 2022-12-31 · 8.86 B USD · Source version 2025-02-26
  • Subtract: 2022-01-01 — 2022-09-30 · 6.77 B USD · Source version 2023-10-26
1.91 B

Raw value 1,908,000,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

2.15 BDerived by subtraction

Raw value 2,150,000,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-06-30 · 4.06 B USD · Source version 2024-08-02
  • Subtract: 2023-01-01 — 2023-03-31 · 1.91 B USD · Source version 2024-05-02
2.52 BDerived by subtraction

Raw value 2,520,000,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-09-30 · 6.58 B USD · Source version 2024-10-31
  • Subtract: 2023-01-01 — 2023-06-30 · 4.06 B USD · Source version 2024-08-02
2.73 BDerived by subtraction

Raw value 2,727,000,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 9.31 B USD · Source version 2026-02-25
  • Subtract: 2023-01-01 — 2023-09-30 · 6.58 B USD · Source version 2024-10-31
1.95 B

Raw value 1,954,000,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

1.93 BDerived by subtraction

Raw value 1,929,000,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-06-30 · 3.88 B USD · Source version 2025-08-01
  • Subtract: 2024-01-01 — 2024-03-31 · 1.95 B USD · Source version 2025-05-01
2.73 BDerived by subtraction

Raw value 2,731,000,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-09-30 · 6.61 B USD · Source version 2025-10-31
  • Subtract: 2024-01-01 — 2024-06-30 · 3.88 B USD · Source version 2025-08-01
2.81 BDerived by subtraction

Raw value 2,809,000,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 9.42 B USD · Source version 2026-02-25
  • Subtract: 2024-01-01 — 2024-09-30 · 6.61 B USD · Source version 2025-10-31
2.16 B

Raw value 2,161,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

2.21 BDerived by subtraction

Raw value 2,211,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-06-30 · 4.37 B USD · Source version 2026-07-31
  • Subtract: 2025-01-01 — 2025-03-31 · 2.16 B USD · Source version 2026-05-01
2.95 BDerived by subtraction

Raw value 2,948,000,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-09-30 · 7.32 B USD · Source version 2025-10-31
  • Subtract: 2025-01-01 — 2025-06-30 · 4.37 B USD · Source version 2026-07-31
3.03 BDerived by subtraction

Raw value 3,030,000,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 10.35 B USD · Source version 2026-02-25
  • Subtract: 2025-01-01 — 2025-09-30 · 7.32 B USD · Source version 2025-10-31
2.24 B

Raw value 2,240,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

2.27 BDerived by subtraction

Raw value 2,271,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 4.51 B USD · Source version 2026-07-31
  • Subtract: 2026-01-01 — 2026-03-31 · 2.24 B USD · Source version 2026-05-01
Capital expenditure————
325.00 M

Raw value 325,000,000.00 USD

2018-01-01 — 2018-03-31 · USD · Reported data

351.00 MDerived by subtraction

Raw value 351,000,000.00 USD

2018-04-01 — 2018-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2018-01-01 — 2018-06-30 · 676.00 M USD · Source version 2019-08-09
  • Subtract: 2018-01-01 — 2018-03-31 · 325.00 M USD · Source version 2019-05-10
380.00 MDerived by subtraction

Raw value 380,000,000.00 USD

2018-07-01 — 2018-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2018-01-01 — 2018-09-30 · 1.06 B USD · Source version 2019-11-12
  • Subtract: 2018-01-01 — 2018-06-30 · 676.00 M USD · Source version 2019-08-09
827.00 MDerived by subtraction

Raw value 827,000,000.00 USD

2018-10-01 — 2018-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2018-01-01 — 2018-12-31 · 1.88 B USD · Source version 2021-03-01
  • Subtract: 2018-01-01 — 2018-09-30 · 1.06 B USD · Source version 2019-11-12
843.00 M

Raw value 843,000,000.00 USD

2019-01-01 — 2019-03-31 · USD · Reported data

865.00 MDerived by subtraction

Raw value 865,000,000.00 USD

2019-04-01 — 2019-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2019-01-01 — 2019-06-30 · 1.71 B USD · Source version 2020-07-31
  • Subtract: 2019-01-01 — 2019-03-31 · 843.00 M USD · Source version 2020-05-07
959.00 MDerived by subtraction

Raw value 959,000,000.00 USD

2019-07-01 — 2019-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2019-01-01 — 2019-09-30 · 2.67 B USD · Source version 2020-11-05
  • Subtract: 2019-01-01 — 2019-06-30 · 1.71 B USD · Source version 2020-07-31
1.02 BDerived by subtraction

Raw value 1,015,000,000.00 USD

2019-10-01 — 2019-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2019-01-01 — 2019-12-31 · 3.68 B USD · Source version 2022-02-28
  • Subtract: 2019-01-01 — 2019-09-30 · 2.67 B USD · Source version 2020-11-05
803.00 M

Raw value 803,000,000.00 USD

2020-01-01 — 2020-03-31 · USD · Reported data

783.00 MDerived by subtraction

Raw value 783,000,000.00 USD

2020-04-01 — 2020-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2020-01-01 — 2020-06-30 · 1.59 B USD · Source version 2021-07-30
  • Subtract: 2020-01-01 — 2020-03-31 · 803.00 M USD · Source version 2021-05-06
787.00 MDerived by subtraction

Raw value 787,000,000.00 USD

2020-07-01 — 2020-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2020-01-01 — 2020-09-30 · 2.37 B USD · Source version 2021-10-29
  • Subtract: 2020-01-01 — 2020-06-30 · 1.59 B USD · Source version 2021-07-30
1.03 BDerived by subtraction

Raw value 1,027,000,000.00 USD

2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2020-01-01 — 2020-12-31 · 3.40 B USD · Source version 2023-02-28
  • Subtract: 2020-01-01 — 2020-09-30 · 2.37 B USD · Source version 2021-10-29
762.00 M

Raw value 762,000,000.00 USD

2021-01-01 — 2021-03-31 · USD · Reported data

744.00 MDerived by subtraction

Raw value 744,000,000.00 USD

2021-04-01 — 2021-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2021-01-01 — 2021-06-30 · 1.51 B USD · Source version 2022-07-28
  • Subtract: 2021-01-01 — 2021-03-31 · 762.00 M USD · Source version 2022-05-02
741.00 MDerived by subtraction

Raw value 741,000,000.00 USD

2021-07-01 — 2021-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2021-01-01 — 2021-09-30 · 2.25 B USD · Source version 2022-10-27
  • Subtract: 2021-01-01 — 2021-06-30 · 1.51 B USD · Source version 2022-07-28
839.00 MDerived by subtraction

Raw value 839,000,000.00 USD

2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2021-01-01 — 2021-12-31 · 3.09 B USD · Source version 2024-02-28
  • Subtract: 2021-01-01 — 2021-09-30 · 2.25 B USD · Source version 2022-10-27
649.00 M

Raw value 649,000,000.00 USD

2022-01-01 — 2022-03-31 · USD · Reported data

826.00 MDerived by subtraction

Raw value 826,000,000.00 USD

2022-04-01 — 2022-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2022-01-01 — 2022-06-30 · 1.48 B USD · Source version 2023-07-27
  • Subtract: 2022-01-01 — 2022-03-31 · 649.00 M USD · Source version 2023-04-27
762.00 MDerived by subtraction

Raw value 762,000,000.00 USD

2022-07-01 — 2022-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2022-01-01 — 2022-09-30 · 2.24 B USD · Source version 2023-10-26
  • Subtract: 2022-01-01 — 2022-06-30 · 1.48 B USD · Source version 2023-07-27
936.00 MDerived by subtraction

Raw value 936,000,000.00 USD

2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2022-01-01 — 2022-12-31 · 3.17 B USD · Source version 2025-02-26
  • Subtract: 2022-01-01 — 2022-09-30 · 2.24 B USD · Source version 2023-10-26
829.00 M

Raw value 829,000,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

859.00 MDerived by subtraction

Raw value 859,000,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-06-30 · 1.69 B USD · Source version 2024-08-02
  • Subtract: 2023-01-01 — 2023-03-31 · 829.00 M USD · Source version 2024-05-02
948.00 MDerived by subtraction

Raw value 948,000,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-09-30 · 2.64 B USD · Source version 2024-10-31
  • Subtract: 2023-01-01 — 2023-06-30 · 1.69 B USD · Source version 2024-08-02
1.15 BDerived by subtraction

Raw value 1,151,000,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 3.79 B USD · Source version 2026-02-25
  • Subtract: 2023-01-01 — 2023-09-30 · 2.64 B USD · Source version 2024-10-31
1.05 B

Raw value 1,048,000,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

1.13 BDerived by subtraction

Raw value 1,133,000,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-06-30 · 2.18 B USD · Source version 2025-08-01
  • Subtract: 2024-01-01 — 2024-03-31 · 1.05 B USD · Source version 2025-05-01
1.07 BDerived by subtraction

Raw value 1,066,000,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-09-30 · 3.25 B USD · Source version 2025-10-31
  • Subtract: 2024-01-01 — 2024-06-30 · 2.18 B USD · Source version 2025-08-01
1.25 BDerived by subtraction

Raw value 1,250,000,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 4.50 B USD · Source version 2026-02-25
  • Subtract: 2024-01-01 — 2024-09-30 · 3.25 B USD · Source version 2025-10-31
1.27 B

Raw value 1,270,000,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

1.26 BDerived by subtraction

Raw value 1,257,000,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-06-30 · 2.53 B USD · Source version 2026-07-31
  • Subtract: 2025-01-01 — 2025-03-31 · 1.27 B USD · Source version 2026-05-01
1.28 BDerived by subtraction

Raw value 1,276,000,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-09-30 · 3.80 B USD · Source version 2025-10-31
  • Subtract: 2025-01-01 — 2025-06-30 · 2.53 B USD · Source version 2026-07-31
1.46 BDerived by subtraction

Raw value 1,458,000,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 5.26 B USD · Source version 2026-02-25
  • Subtract: 2025-01-01 — 2025-09-30 · 3.80 B USD · Source version 2025-10-31
1.34 B

Raw value 1,342,000,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

1.44 BDerived by subtraction

Raw value 1,438,000,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 2.78 B USD · Source version 2026-07-31
  • Subtract: 2026-01-01 — 2026-03-31 · 1.34 B USD · Source version 2026-05-01
Comparison rules and gaps

Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.

View filing source

Events and disclosure records

Completed events, conditional arrangements and the document versions used are listed separately.

Check original source ↗
Disclosed events

Tata Steel Limited · Supply

Expanded long-term industrial-gas supply at Kalinganagar, taking over two operating ASUs. Total oxygen capacity in the area exceeds 7,000 tonnes/day; price and contract term undisclosed. [2]

Disclosed events

Anonymous customer · LIN (one of the world's largest semiconductor manufacturers; Phoenix, Arizona complex) · Supply

New long-term ultra-high-purity industrial gas supply agreement with an unnamed leading semiconductor manufacturer; Linde to invest $1bn to expand its Phoenix, Arizona on-site complex with two additional SPECTRA air separation units (on top of three existing) supplying UHP nitrogen, oxygen and argon to two new fabs; JV Linde LienHwa separately to invest ~$800m in Taiwan ASUs and hydrogen plants for the same customer [1]

Included financial source versions
  1. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-06-30. The same document includes multiple comparison periods.

  2. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-03-31. The same document includes multiple comparison periods.

  3. 10-K Original financial filings ↗

    This page cites periods ending through 2025-12-31. The same document includes multiple comparison periods.

  4. 10-Q Original financial filings ↗

    This page cites periods ending through 2025-09-30. The same document includes multiple comparison periods.

  5. 10-Q Original financial filings ↗

    This page cites periods ending through 2024-06-30.

  6. 10-Q Original financial filings ↗

    This page cites periods ending through 2024-03-31.

Showing the latest 6 recorded source versions. Find the remaining 25 in Source values in the full financial table.

Industry relationships and operating mechanisms

Trace supply and demand through contract performance, operating metrics and cash attribution.

Direct relationships: 2 · Excluded by current filters: 1

Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.

Relationship records

2 records
Economic direction / relationship typeStatus / record dateRecorded amountCapacity basisEvidence source
Signed / existing2026-10-21No attributable amount providedAmount classification not yet structuredNot structuredB · Company / mediaCheck public source ↗
Signed / existing2026-07-31USD 1 billionAmount classification not yet structuredNot structuredB · Company / mediaCheck public source ↗
1–2 / 2 records

Downstream demand · Supply

LIN Tata Steel

Signed / existingB · Company / media
Check public source ↗

What this relationship establishes

Expanded long-term industrial gas agreement at Kalinganagar, taking over two operating ASUs to supply oxygen, nitrogen and argon

Relationship type
Supply

Recorded as signed or existing; performance progress requires separate verification

Amount basis
Amount classification not yet structured

No attributable amount is available for this record. This does not mean the amount is zero.

A period-by-period schedule of payments and revenue recognition has not been established. The recorded amount is not converted into current-period revenue, cash paid or stock-price impact.

Attribution
Applies to this relationship; the original document determines the specific legal entities and attribution.
Concentration
A relationship amount and company denominator with matching periods and definitions are not provided

Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.

Complete record and source location

Expanded long-term industrial-gas supply at Kalinganagar, taking over two operating ASUs. Total oxygen capacity in the area exceeds 7,000 tonnes/day; price and contract term undisclosed.

B · Company / media

Issuer / authority original 2026-10-21 [B]

Customer demand and execution

The excerpts below come from this record. Verify signed status separately from actual completion.

  • This record does not specify performance milestones, payment arrangements or termination provisions.
Limitations in the original record
  • Consideration and contract duration were not disclosed
Inputs still needed to quantify the impact
  • The relevant business's revenue or purchase amount and the denominator used
  • Order obligations, pricing and cost pass-through provisions
  • Execution progress, collection schedule and substitutability

The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.

How to test the operating mechanism

Analytical framework, not a realized impact

  1. Supply and demand terms

    LIN supplies products or services to Tata Steel; a customer list is not an irrevocable order.

  2. Operating process

    Verify orders, performance, invoicing and collections; monitor changes in customer demand, product mix and selling prices.

  3. Financial outcomes

    Assess whether incremental revenue, costs and gross profit, accounts receivable and operating cash flows are consistent.

  4. Testing price implications

    First verify the sustainability of earnings and cash flows, then compare valuations; do not infer share-price upside directly from a partnership announcement.

Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.

Operating data to test the relationship

LIN · Company-specific metric definitions and classifications

Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.

Profit and costs

Can revenue growth translate into earnings attributable to shareholders?

Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.
Operating metricLatest valueDefinition and boundaries
Operating margin ↗2026-06-30 · Research calculation27.49%
Definition and boundaries

Operating income / revenue × 100

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Net margin ↗2026-06-30 · Research calculation20.76%
Definition and boundaries

Selected net-income concept / revenue × 100

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating cash flow / revenue ↗2026-06-30 · Research calculation24.45%
Definition and boundaries

Operating cash flow / revenue × 100

Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(CFO − cash purchases of PP&E) / revenue ↗2026-06-30 · Research calculation8.97%
Definition and boundaries

(Operating cash flow − cash purchases of PP&E) / revenue × 100

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Show remaining company metrics (5)
Other operating observations

What verifiable information does this metric provide about this relationship?

Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.
Operating metricLatest valueDefinition and boundaries
Revenue growth YoY ↗2026-06-30 · Research calculation9.35%
Definition and boundaries

(Current-period revenue / comparable prior-year revenue − 1) × 100

Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating cash flow / net income ↗2026-06-30 · Research calculation1.18 x
Definition and boundaries

Operating cash flow / net income（Net income > 0）

Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(Net income − operating cash flow) / revenue ↗2026-06-30 · Research calculation-3.69%
Definition and boundaries

(Net income − operating cash flow) / revenue × 100

The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Days sales outstanding (average balance) ↗2026-06-30 · Research calculation53.65 days
Definition and boundaries

(Opening net receivables + closing net receivables) / 2 / revenue × actual days in the period

A company-wide proxy for manufacturing and hardware businesses using average opening and closing balances. It is not the payment term in customer contracts. Comparison is with the corresponding prior-year period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Investment and funding needs

How much cash is required for construction and procurement before delivery?

Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.
Operating metricLatest valueDefinition and boundaries
Cash purchases of PP&E / revenue ↗2026-06-30 · Research calculation15.48%
Definition and boundaries

Cash purchases of PP&E / revenue × 100

Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Related companies in the value chain 9 companies · Basic materials and industrial gases

Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.

Search all operating metrics and calculation methods

Operating metric search

Test relationship hypotheses against actual operating series, with their definitions, periods and calculation methods.

Historical research methodology
9 / 9 items
Operating metricLatest valuePeriod / classificationDefinition and interpretation boundariesAnalysis
Revenue growth YoY9.35%2026-06-30Research calculation(Current-period revenue / comparable prior-year revenue − 1) × 100Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating margin27.49%2026-06-30Research calculationOperating income / revenue × 100Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Net margin20.76%2026-06-30Research calculationSelected net-income concept / revenue × 100May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating cash flow / revenue24.45%2026-06-30Research calculationOperating cash flow / revenue × 100Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(CFO − cash purchases of PP&E) / revenue8.97%2026-06-30Research calculation(Operating cash flow − cash purchases of PP&E) / revenue × 100A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating cash flow / net income1.18 x2026-06-30Research calculationOperating cash flow / net income（Net income > 0）Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Cash purchases of PP&E / revenue15.48%2026-06-30Research calculationCash purchases of PP&E / revenue × 100Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(Net income − operating cash flow) / revenue-3.69%2026-06-30Research calculation(Net income − operating cash flow) / revenue × 100The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Days sales outstanding (average balance)53.65 days2026-06-30Research calculation(Opening net receivables + closing net receivables) / 2 / revenue × actual days in the periodA company-wide proxy for manufacturing and hardware businesses using average opening and closing balances. It is not the payment term in customer contracts. Comparison is with the corresponding prior-year period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Source grades, dates and quantitative definitions

A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source

Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.

Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.

Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.

EVIDENCE & SOURCES

Data and calculation basis

Sources and filing versions
Quotes and valuation

2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.

The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately.

Original verification notes

first-provider-observation-listing-date-not-verified

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

Nasdaq Quote source page Price-history source page
Financial statements

Reporting period 2026-06-30; filed 2026-07-31. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.

SEC Company filings Raw financial data · JSON

Business evidence

Based on value-chain records; original operating disclosures are still needed.

Citations: 2 · Documents: 2

1Linde plc press release (Jul 31, 2026)Value-chain archive

Linde plc press release (Jul 31, 2026) · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
2Issuer / authority original 2026-10-21 [B]Value-chain archive

Issuer / authority original 2026-10-21 [B] · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
Missing evidence
  • Primary-source coverage of the company’s standalone business analysis and falsification criteria is incomplete.
  • Company-specific operating KPIs are not yet available; financial ratios do not substitute for evidence about products, orders or capacity.
Unresolved business questions
Which products, customers and revenue categories can be independently verified from primary materials?
Existing relationship records do not represent the entire business; company-level primary evidence for segments, products, customer concentration and key operations remains incomplete.
Relationships
Company announcements, framework intentions and signed agreements are distinguished. Contract amounts do not represent payments already made. Records without sources are flagged separately.
Version
60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644

ResearchSource document

Sources: 31
01LIN · 10-K · Filing version 2019-03-18

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
02LIN · 10-K · Filing version 2020-03-02

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
03LIN · 10-Q · Filing version 2019-05-10

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
04LIN · 10-Q · Filing version 2019-08-09

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
05LIN · 10-Q · Filing version 2019-11-12

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
06LIN · 10-K · Filing version 2021-03-01

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
07LIN · 10-Q · Filing version 2020-05-07

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
08LIN · 10-Q · Filing version 2020-07-31

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
09LIN · 10-Q · Filing version 2020-11-05

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
10LIN · 10-K · Filing version 2022-02-28

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
11LIN · 10-Q · Filing version 2021-05-06

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
12LIN · 10-Q · Filing version 2021-07-30

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
13LIN · 10-Q · Filing version 2021-10-29

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
14LIN · 10-K · Filing version 2023-02-28

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
15LIN · 10-Q · Filing version 2022-05-02

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
16LIN · 10-Q · Filing version 2022-07-28

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
17LIN · 10-Q · Filing version 2022-10-27

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
18LIN · 10-K · Filing version 2024-02-28

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
19LIN · 10-Q · Filing version 2023-04-27

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
20LIN · 10-Q · Filing version 2023-07-27

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
21LIN · 10-Q · Filing version 2023-10-26

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
22LIN · 10-K · Filing version 2025-02-26

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
23LIN · 10-Q · Filing version 2024-05-02

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
24LIN · 10-Q · Filing version 2024-08-02

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
25LIN · 10-Q · Filing version 2024-10-31

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
26LIN · 10-K · Filing version 2026-02-25

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
27LIN · 10-Q · Filing version 2025-05-01

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
28LIN · 10-Q · Filing version 2025-08-01

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
29LIN · 10-Q · Filing version 2025-10-31

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
30LIN · 10-Q · Filing version 2026-05-01

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
31LIN · 10-Q · Filing version 2026-07-31

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure