Linde plc Ordinary Shares (LIN)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	8,024,000	5,369,000	4,984,000	3,322,000	2,933,000
Revenue	US$ in thousands	32,607,000	33,283,000	30,594,000	26,960,000	28,135,000
Operating profit margin		24.61%	16.13%	16.29%	12.32%	10.42%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $8,024,000K ÷ $32,607,000K
= 24.61%

Linde Plc.'s operating profit margin has shown a positive trend over the last five years, steadily increasing from 11.58% in 2019 to 24.67% in 2023. This indicates that the company has been effectively managing its operating expenses relative to its revenue. The consistent improvement in operating profit margin reflects operational efficiency and better cost control measures implemented by the company. This upward trajectory suggests that Linde Plc. has been successful in generating more profit from its core business activities over the years.