{"data":{"ticker":"LIN","slug":"linde","name":"Linde","exchange":"NASDAQ","sector":"Basic Materials","headquarters":"Woking, United Kingdom","ceo":"Sanjiv Lamba","employees":64512,"website":"https://www.linde.com","founded":"1879","layers":[{"slug":"raw-materials","name":"Raw Materials & Mining"},{"slug":"chip-equipment","name":"Chip Equipment & Foundries"}],"exposure":{"score":20,"tier":"Peripheral","rationale":"Linde supplies ultra-high-purity gases to semiconductor fabs under long-term on-site contracts, and AI-driven fab construction keeps adding wins. Electronics is a modest part of a very diversified gas business, so the thesis depends on industrial gas volumes and pricing overall."},"quote":{"price":519.72,"change24hPct":1.07,"change7dPct":2.4,"change30dPct":8.39,"change1yPct":27.8,"high52w":544.85,"low52w":385.58,"marketCap":238595014656,"peRatio":34.51,"eps":15.06,"volume24h":1375335036},"nextEarningsDate":"2026-10-29","summary":"Linde is the world's largest industrial gas company. It produces oxygen, nitrogen, argon, hydrogen, and specialty gases, selling them through long-term on-site plants, merchant delivery, and packaged cylinders to customers across healthcare, manufacturing, chemicals, and electronics. Gas is a consumable, so revenue is recurring and tied to customer production volumes.","explainer":["Linde is the world's largest industrial gas company. It produces oxygen, nitrogen, argon, hydrogen, and specialty gases, selling them through long-term on-site plants, merchant delivery, and packaged cylinders to customers across healthcare, manufacturing, chemicals, and electronics. Gas is a consumable, so revenue is recurring and tied to customer production volumes.","Its electronics business supplies semiconductor fabs with ultra-high-purity nitrogen and specialty process gases, often building dedicated on-site plants next to new fabs under contracts that run for decades. Linde Engineering designs and builds gas production facilities for customers as well.","The company traces its roots to 1879 and took its current form through the merger of Linde AG and Praxair in 2018. Headquartered in Woking, United Kingdom, it employs roughly 64,600 people and trades on the NASDAQ."],"buildoutRole":"Linde spans the Raw Materials and Chip Equipment layers of the AI buildout. Every leading-edge fab runs on a constant feed of ultra-high-purity nitrogen, argon, and specialty gases, and supply is typically locked in for the life of the fab when it is built. As AI demand pulls new fab construction across the US and Asia, Linde keeps winning long-lived on-site contracts. The exposure is durable, but it sits inside a very diversified industrial gas portfolio.","faq":[{"q":"What does Linde do?","a":"Linde is the world's largest industrial gas company. It supplies oxygen, nitrogen, argon, hydrogen, and specialty gases to healthcare, manufacturing, chemical, and electronics customers through on-site plants, bulk delivery, and packaged cylinders, plus engineering services for gas facilities."},{"q":"How is Linde exposed to AI?","a":"Through semiconductor fabs. New AI-era fabs need ultra-high-purity gases under long-term on-site contracts, and Linde has won several of these projects. Electronics remains a modest slice of its business, so Supercycle rates it Peripheral with an AI Exposure Score of 20 out of 100."},{"q":"Is LIN a pure play AI stock?","a":"No. Linde is a diversified industrial gas company whose earnings depend on industrial production, healthcare demand, and pricing discipline across many end markets. Fab gas contracts tied to AI chipmaking are a growing but minority contributor."},{"q":"Who leads Linde?","a":"Sanjiv Lamba is Linde's CEO. The company is headquartered in Woking, United Kingdom, employs roughly 64,600 people worldwide, and traces its history back to 1879, when Carl von Linde founded the original German company."}],"history1y":[{"date":"2026-09-22","close":464.91},{"date":"2026-09-23","close":469.72},{"date":"2026-09-24","close":468.14},{"date":"2026-09-25","close":469.89},{"date":"2026-09-28","close":472.04},{"date":"2026-09-29","close":473.37},{"date":"2026-09-30","close":474.65},{"date":"2026-10-01","close":469.45},{"date":"2026-10-02","close":479.48},{"date":"2026-10-05","close":482.38},{"date":"2026-10-06","close":489.95},{"date":"2026-10-07","close":483.98},{"date":"2026-10-08","close":481.7},{"date":"2026-10-09","close":483.73},{"date":"2026-10-12","close":487.35},{"date":"2026-10-13","close":492.11},{"date":"2026-10-14","close":492.7},{"date":"2026-10-15","close":493.22},{"date":"2026-10-16","close":498.43},{"date":"2026-10-19","close":503.44},{"date":"2026-10-20","close":501.89},{"date":"2026-10-21","close":500.57},{"date":"2026-10-22","close":510.36},{"date":"2026-10-23","close":508.83},{"date":"2026-10-26","close":507.56},{"date":"2026-10-27","close":508.65},{"date":"2026-10-28","close":508.16},{"date":"2026-10-29","close":503.15},{"date":"2026-10-30","close":514.24},{"date":"2026-11-02","close":519.72}],"incomeStatements":[{"ticker":"LIN","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":33986000000,"cost_of_revenue":17389000000,"gross_profit":16597000000,"operating_expense":0,"operating_income":9254000000,"net_income":6898000000,"earnings_per_share":14.61,"earnings_per_share_diluted":14.61,"research_and_development":147000000,"selling_general_and_administrative_expenses":3433000000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"LIN","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":33005000000,"cost_of_revenue":17143000000,"gross_profit":15862000000,"operating_expense":0,"operating_income":8595000000,"net_income":6565000000,"earnings_per_share":13.62,"earnings_per_share_diluted":13.62,"research_and_development":150000000,"selling_general_and_administrative_expenses":3337000000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"LIN","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":32854000000,"cost_of_revenue":17492000000,"gross_profit":15362000000,"operating_expense":0,"operating_income":8105000000,"net_income":6199000000,"earnings_per_share":12.59,"earnings_per_share_diluted":12.59,"research_and_development":146000000,"selling_general_and_administrative_expenses":3295000000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"LIN","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":33364000000,"cost_of_revenue":19450000000,"gross_profit":13914000000,"operating_expense":0,"operating_income":6460000000,"net_income":4147000000,"earnings_per_share":8.23,"earnings_per_share_diluted":8.23,"research_and_development":143000000,"selling_general_and_administrative_expenses":3107000000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"LIN","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":86817000000,"current_assets":13325000000,"cash_and_equivalents":5056000000,"total_liabilities":47076000000,"current_liabilities":15198000000,"total_debt":28069000000,"shareholders_equity":38245000000,"retained_earnings":16608000000},{"ticker":"LIN","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":80147000000,"current_assets":12945000000,"cash_and_equivalents":4850000000,"total_liabilities":40659000000,"current_liabilities":14544000000,"total_debt":22609000000,"shareholders_equity":38092000000,"retained_earnings":12634000000},{"ticker":"LIN","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":80811000000,"current_assets":12620000000,"cash_and_equivalents":4664000000,"total_liabilities":39716000000,"current_liabilities":15717000000,"total_debt":20315000000,"shareholders_equity":39720000000,"retained_earnings":8845000000},{"ticker":"LIN","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":79658000000,"current_assets":13047000000,"cash_and_equivalents":5436000000,"total_liabilities":38271000000,"current_liabilities":16479000000,"total_debt":18791000000,"shareholders_equity":40028000000,"retained_earnings":20541000000}],"holders13f":[{"slug":"stephen-mandel","personName":"Stephen Mandel","fundName":"Lone Pine Capital","value":808550554,"portfolioPct":0.04942917247880991,"change":"new","period":"2026-06-30"},{"slug":"daniel-sundheim","personName":"Daniel Sundheim","fundName":"D1 Capital Partners","value":177237730,"portfolioPct":0.005095488160872142,"change":"new","period":"2026-06-30"},{"slug":"george-soros","personName":"George Soros","fundName":"Soros Fund Management","value":138738090,"portfolioPct":0.018202018657426208,"change":"increased","period":"2026-06-30"},{"slug":"stanley-druckenmiller","personName":"Stanley Druckenmiller","fundName":"Duquesne Family Office","value":21380000,"portfolioPct":0.004910179090629321,"change":"unchanged","period":"2026-06-30"}],"news":[]},"meta":{"version":"v1","asOf":"2026-11-02","builtAt":"2026-11-03T05:33:49.781Z","tier":"free","source":"https://supercyclehq.com/stock/linde","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/LIN","html":"https://supercyclehq.com/stock/linde","md":"https://supercyclehq.com/stock/linde.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}