Linde plc Ordinary Shares (LIN)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 8,013,000 | 7,727,000 | 7,339,000 | 5,984,000 | 5,581,000 | 5,230,000 | 4,866,000 | 5,383,000 | 5,088,000 | 4,746,000 | 4,411,000 | 3,858,000 | 3,348,000 | 2,998,000 | 3,066,000 | 3,135,000 | 3,054,000 | 5,714,000 | 5,298,000 | 5,202,000 |
| Revenue (ttm) | US$ in thousands | 32,607,000 | 32,273,000 | 32,937,000 | 33,237,000 | 33,292,000 | 33,587,000 | 32,468,000 | 31,582,000 | 30,594,000 | 29,518,000 | 28,675,000 | 27,486,000 | 27,002,000 | 27,013,000 | 27,360,000 | 28,187,000 | 28,392,000 | 27,128,000 | 22,988,000 | 18,737,000 |
| Pretax margin | 24.57% | 23.94% | 22.28% | 18.00% | 16.76% | 15.57% | 14.99% | 17.04% | 16.63% | 16.08% | 15.38% | 14.04% | 12.40% | 11.10% | 11.21% | 11.12% | 10.76% | 21.06% | 23.05% | 27.76% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,013,000K ÷ $32,607,000K
= 24.57%
The pretax margin of Linde Plc. has shown a positive trend over the past eight quarters, reflecting an improving profitability before taxes. The company's pretax margin has gradually increased from 17.13% in Q4 2022 to 24.82% in Q4 2023, indicating that the company has become more efficient in generating earnings before accounting for taxes and other expenses. This improvement may be attributed to better cost management, revenue growth, or a combination of both. Overall, the consistent growth in pretax margin demonstrates Linde Plc.'s ability to enhance its operational efficiency and profitability over the analyzed period.
Peer comparison
Dec 31, 2023