Linde plc Ordinary Shares (LIN)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 8,013,000 | 5,581,000 | 5,088,000 | 3,348,000 | 3,054,000 |
| Revenue | US$ in thousands | 32,607,000 | 33,283,000 | 30,594,000 | 26,960,000 | 28,135,000 |
| Pretax margin | 24.57% | 16.77% | 16.63% | 12.42% | 10.85% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $8,013,000K ÷ $32,607,000K
= 24.57%
The pretax margin of Linde Plc. has shown a consistent upward trend over the past five years. From 10.77% in 2019, it increased to 12.73% in 2020, further improving to 16.95% in 2021, and then to 17.13% in 2022. The most significant leap was seen in 2023, with the pretax margin reaching 24.82%.
This trend indicates that Linde Plc. has been effectively managing its operating expenses relative to its revenue, thus improving its profitability before accounting for taxes. The substantial increase in the pretax margin in 2023 signals a strong financial performance for the company during that period.
Overall, the consistent and notable improvement in Linde Plc.'s pretax margin reflects efficient cost management and operational effectiveness, which are positive indicators of the company's financial health and performance.
Peer comparison
Dec 31, 2023