Linde plc Ordinary Shares (LIN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 15,862,000 | 15,362,000 | 13,914,000 | 13,250,000 | 11,860,000 |
| Revenue | US$ in thousands | 33,005,000 | 32,854,000 | 33,364,000 | 30,793,000 | 27,243,000 |
| Gross profit margin | 48.06% | 46.76% | 41.70% | 43.03% | 43.53% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $15,862,000K ÷ $33,005,000K
= 48.06%
The gross profit margin of Linde plc Ordinary Shares has exhibited some fluctuations over the years, as per the provided data.
As of December 31, 2020, the gross profit margin stood at 43.53%, showing a decline to 43.03% by December 31, 2021. This downward trend continued into the following year, with the margin dropping to 41.70% by December 31, 2022.
However, there was a notable reversal in the company's performance in the subsequent years. By December 31, 2023, the gross profit margin had rebounded significantly to 46.76%, indicating an improvement in the company's ability to generate profit from its core business activities. This positive momentum continued into December 31, 2024, with the gross profit margin further increasing to 48.06%.
Overall, the upward trajectory in the gross profit margin from 2023 to 2024 suggests that Linde plc Ordinary Shares may have implemented strategic initiatives to enhance profitability and efficiency in its operations, leading to a more favorable financial performance in recent years. This indicates a positive trend in the company's ability to generate profits before accounting for certain expenses.
Peer comparison
Dec 31, 2024