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Linde vs LyondellBasell

Linde and LyondellBasell are similar in size: $33.99bn and $30.15bn of revenue in their latest fiscal years. Linde grew faster (3.0% against -9.7%). Linde kept more of each dollar of sales as profit: a net margin of 20.3% against -2.4%.

Latest fiscal yearLindeLIN, 2025LyondellBasellLYB, 2025
Revenue $33.99bn $30.15bn
Revenue growth 3.0% -9.7%
Net income $6.90bn −$738m
Operating margin — -1.4%
Net margin 20.3% -2.4%
Return on equity 18.1% -6.5%
Free cash flow $5.09bn $384m
Cash $5.06bn $3.44bn
Total debt $26.99bn $12.94bn
Debt to equity — 128.3%
Dividend per share $6.00 —
Dividend yield 1.2% 5.2%
Share buybacks $4.60bn $201m
Employees 65,177 18,970
Market value $237.53bn $21.38bn
Price vs our value range Above our value range Within our value range
Moat score 79 (Strong) 46 (Moderate)
Insider trades, 12 months 2 buys, 7 sales 1 buys, 7 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.