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Morningstar

Morningstar

May 01, 2026

Linde plc: Linde Earnings: Strong Growth in the Electronics End Market

Symbols

LIN

Sector(s)

Basic Materials

Rating

Current Price

507.92

Fair Value

Economic Moat

Stewardship

Summary

Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, includi

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Analyst Profile

Krzysztof Smalec

Equity Analyst

Krzysztof Smalec, CFA, is an equity analyst on the industrials team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers diversified industrial companies, including producers of industrial gases.Before joining Morningstar in 2018, Smalec spent six years working as a valuation consultant at Marshall & Stevens, where he specialized in valuing structured investments in renewable energy projects.Smalec holds a bachelor’s degree in finance and economics from DePaul University. He also holds the Chartered Financial Analyst® designation.

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