Linde plc Ordinary Shares (LIN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,199,000 | 4,147,000 | 3,826,000 | 2,501,000 | 2,285,000 |
| Revenue | US$ in thousands | 32,607,000 | 33,283,000 | 30,594,000 | 26,960,000 | 28,135,000 |
| Net profit margin | 19.01% | 12.46% | 12.51% | 9.28% | 8.12% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $6,199,000K ÷ $32,607,000K
= 19.01%
The net profit margin of Linde Plc has shown a generally positive trend over the past five years. The company's net profit margin has been consistently increasing from 8.09% in 2019 to 18.87% in 2023. This indicates that the company has been able to effectively control its costs and expenses relative to its revenue, resulting in a higher percentage of profit generated from each dollar of revenue.
The significant improvement in the net profit margin from 2020 to 2023 suggests that Linde Plc has been successful in enhancing its operational efficiency and profitability. This could be attributed to factors such as effective cost management, operational streamlining, revenue growth, or strategic initiatives implemented by the company.
Overall, the increasing trend in net profit margin reflects positively on Linde Plc's ability to generate profit from its core business activities and signals a strengthening financial performance over the years.
Peer comparison
Dec 31, 2023