Linde vs Nucor
Linde and Nucor are similar in size: $33.99bn and $32.49bn of revenue in their latest fiscal years. Nucor grew faster (5.7% against 3.0%). Linde kept more of each dollar of sales as profit: a net margin of 20.3% against 5.4%.
| Latest fiscal year | LindeLIN, 2025 | NucorNUE, 2025 |
|---|---|---|
| Revenue | $33.99bn | $32.49bn |
| Revenue growth | 3.0% | 5.7% |
| Net income | $6.90bn | $1.74bn |
| Operating margin | — | — |
| Net margin | 20.3% | 5.4% |
| Return on equity | 18.1% | 8.5% |
| Free cash flow | $5.09bn | −$188m |
| Cash | $5.06bn | $2.26bn |
| Total debt | $26.99bn | $7.12bn |
| Debt to equity | — | — |
| Dividend per share | $6.00 | $2.21 |
| Dividend yield | 1.2% | 0.8% |
| Share buybacks | $4.60bn | $700m |
| Employees | 65,177 | 33,000 |
| Market value | $237.53bn | $62.52bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 79 (Strong) | 56 (Moderate) |
| Insider trades, 12 months | 2 buys, 7 sales | 0 buys, 41 sales |