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MARKETS / COMPARE / LIN VS PG

LIN vs PG

Linde PLC and Procter & Gamble Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.

At a glance

Most recent reported year

LIN vs PG, at a glance
Metric LIN PG
Revenue$34.0B$87.0B
Net income$6.9B$16.0B
Gross margin48.8%50.2%
Net margin20.8%18.5%
Return on equity18.1%30.1%
Diluted EPS$14.61$6.62
Dividend / share$6.00$4.26
Payout ratio40.8%63.8%
Free cash flow$5.1B$15.1B
Equity$38.2B·
Net debt / equity0.46×0.36×
Current ratio0.88×0.68×
Revenue CAGR 5y4.5%2.7%
Profit CAGR 5y22.5%2.3%

PG bills 2.6× the revenue of LIN, and LIN keeps more of each dollar of revenue as profit (20.8% against 18.5%).

The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.

Revenue by year

10 years side by side

LIN vs PG, revenue by year
Fiscal year LIN PG
FY2025$34.0B$87.0B
FY2024$33.0B$84.3B
FY2023$32.9B$84.0B
FY2022$33.4B$82.0B
FY2021$30.8B$80.2B
FY2020$27.2B$76.1B
FY2019$28.2B$71.0B
FY2018$14.8B$67.7B
FY2017$11.4B$66.8B
FY2016$10.5B$65.1B
Net income by year

Bottom line

LIN vs PG, net income by year
Fiscal year LIN PG
FY2025$6.9B$16.0B
FY2024$6.6B$16.0B
FY2023$6.2B$14.9B
FY2022$4.1B$14.7B
FY2021$3.8B$14.7B
FY2020$2.5B$14.3B
FY2019$2.3B$13.0B
FY2018$4.4B$3.9B
FY2017$1.2B$9.8B
FY2016$1.5B$15.3B
Revenue gap over time

10 fiscal years

Revenue gap over time
Fiscal year Difference Ahead
FY2025−$53,046,000,000PG
FY2024−$51,279,000,000PG
FY2023−$51,185,000,000PG
FY2022−$48,642,000,000PG
FY2021−$49,394,000,000PG
FY2020−$48,875,000,000PG
FY2019−$42,722,000,000PG
FY2018−$52,848,000,000PG
FY2017−$55,474,000,000PG
FY2016−$54,524,000,000PG

PG has reported the higher revenue in every one of these 10 fiscal years. The gap has narrowed since the earliest year compared.

10 of 19 comparable fiscal years — a year missing data on either side is not counted.

Net margin gap over time

10 fiscal years

Net margin gap over time
Fiscal year Difference Ahead
FY2025+2.2 ppLIN
FY2024+1.4 ppLIN
FY2023+1.5 ppLIN
FY2022−5.1 ppPG
FY2021−5.6 ppPG
FY2020−9.2 ppPG
FY2019−10.0 ppPG
FY2018+23.8 ppLIN
FY2017−3.3 ppPG
FY2016−9.1 ppPG

The higher net margin has changed hands between LIN and PG over this period.

10 of 19 comparable fiscal years — a year missing data on either side is not counted.

Net margin volatility

Standard deviation, each side

LIN's net margin has been more volatile than PG's over the 10 comparable fiscal years — 6.2 percentage points of standard deviation against 4.3.

10 of 19 comparable fiscal years — a year missing data on either side is not counted.

Who led in net margin

Year by year

The lead in net margin changed hands between LIN and PG over these 10 fiscal years — LIN led in 4 and PG in 6.

10 of 19 comparable fiscal years — a year missing data on either side is not counted.

Return on equity volatility

Standard deviation, each side

PG's return on equity has been more volatile than LIN's over the 10 comparable fiscal years — 7.3 percentage points of standard deviation against 7.0.

10 of 19 comparable fiscal years — a year missing data on either side is not counted.

Who led in return on equity

Year by year

The lead in return on equity changed hands between LIN and PG over these 10 fiscal years — LIN led in 3 and PG in 7.

10 of 19 comparable fiscal years — a year missing data on either side is not counted.

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