Linde Plc LIN

Revenue Intelligence Report • 32 quarters of SEC filing data • Updated 2026-03-06

Linde Plc's revenue is primarily driven by its strategic investments in selling, general, and administrative expenses (SG&A), which yield a strong elasticity of 0.90%, compared to a negative impact from R&D spending. With a recent quarterly revenue of $8,764 million and a model accuracy of 1.9% MAPE, the company demonstrates robust forecasting capabilities, as evidenced by a close prediction of $8,625 million in its holdout test. Looking ahead, Linde is projected to achieve a fiscal year revenue of $35 billion, reflecting a solid 3.6% year-over-year growth, indicating a favorable outlook for investors. Overall, the company's focus on optimizing SG&A spending positions it well for continued revenue growth and enhanced return on investment.

Next FY Revenue

$35.21B

+3.6% YoY

R&D Elasticity

-0.92x

SG&A Elasticity

0.90x

Model Accuracy

1.9% MAPE

Holdout validation: The model predicted $9B vs the actual $9B — an error of 1.6%.

⚠ Model limitation: This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.

Revenue Forecast

Quarterly Detail

Quarter	Model Forecast	Actual	95% Range	YoY Growth	Status
Q4 2025	$9B	$9B	$8B – $9B	+4.1%	✓ In range
Q2 2026	$9B		$8B – $9B	+7.1%
Q3 2026	$9B		$8B – $10B	+3.2%
Q4 2026	$9B		$8B – $10B	+2.6%
Q1 2027	$9B		$8B – $10B	+1.8%

How Spending Drives Revenue

Reading this chart: Each line shows the cumulative elasticity — how a 1% increase in spending translates to revenue growth over subsequent quarters. The effect builds over 4-5 quarters as investments compound.

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