Linde plc Ordinary Shares (LIN)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 8,608,000 | 8,302,000 | 8,286,000 | 8,127,000 | 7,988,000 | 7,706,000 | 7,307,000 | 5,949,000 | 5,543,000 | 5,184,000 | 4,865,000 | 5,392,000 | 5,099,000 | 4,784,000 | 4,427,000 | 3,872,000 | 3,384,000 | 3,016,000 | 3,045,000 | 3,110,000 |
| Revenue (ttm) | US$ in thousands | 33,005,000 | 37,456,000 | 37,255,000 | 37,192,000 | 37,285,000 | 32,451,000 | 33,093,000 | 33,346,000 | 33,364,000 | 33,763,000 | 32,634,000 | 31,761,000 | 30,793,000 | 29,767,000 | 28,954,000 | 27,747,000 | 27,243,000 | 27,051,000 | 27,196,000 | 28,023,000 |
| Pretax margin | 26.08% | 22.16% | 22.24% | 21.85% | 21.42% | 23.75% | 22.08% | 17.84% | 16.61% | 15.35% | 14.91% | 16.98% | 16.56% | 16.07% | 15.29% | 13.95% | 12.42% | 11.15% | 11.20% | 11.10% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,608,000K ÷ $33,005,000K
= 26.08%
The pretax margin of Linde plc Ordinary Shares has shown a generally increasing trend over the past few years, indicating improved efficiency in generating profits before taxes. Starting at 11.10% in March 2020, the pretax margin increased steadily to reach 26.08% by December 2024.
There were fluctuations in the pretax margin over the period, with some quarters showing significant increases, such as the substantial rise from March 2023 to June 2023 from 17.84% to 22.08%. However, there were also minor fluctuations in certain periods, like the slight decrease from June 2022 to September 2022 from 14.91% to 15.35%.
Overall, the increasing pretax margin reflects the company's ability to control costs and improve operational efficiency, which is a positive indicator of financial performance and profitability. However, it is important to continue monitoring the trend to ensure sustained growth and profitability in the future.
Peer comparison
Dec 31, 2024