Air Products and Chemicals, Inc. (APD) vs Linde plc (LIN)

APD leads on 9 of 17 compared metrics.

A side-by-side comparison of Air Products and Chemicals, Inc. and Linde plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 16, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — APD vs LIN

growth of $100 · last 30y
APD +953.5%LIN +2419.6%LIN compounded faster
05001k2k2k3kStart $100200120062011201620212026$1,054$2,520
APD LIN

APD vs LIN: by the numbers

  • LIN is the larger company ($238.87B vs $62.49B market cap).
  • APD trades at the lower earnings multiple (29.94 vs 34.63 P/E).
  • LIN converts more revenue to profit (20.56% vs 16.91% net margin).
  • APD grew revenue faster over the past five years (6.12% vs 4.55% CAGR).
  • APD pays the higher dividend yield (2.54% vs 1.19%).

Which is better, APD or LIN?

Metric tally: APD 9 · LIN 8

It depends on what you're optimizing for:

ValueAPD(lower P/E)
GrowthAPD(faster 5Y revenue CAGR)
IncomeAPD(higher dividend yield)
QualityLIN(higher ROIC)

Metrics side by side

Valuation

MetricAPDLIN
P/E ratio29.9434.63
Forward P/E19.8026.61
P/S ratio5.067.02
P/B ratio4.036.31
PEG ratio1.404.12
EV / EBITDA17.7320.02
FCF yield1.76%2.10%

Profitability

MetricAPDLIN
Gross margin31.98%45.99%
Operating margin18.41%28.79%
Net margin16.91%20.56%
ROE13.47%18.47%
ROIC-1.82%8.97%

Dividends

MetricAPDLIN
Dividend yield2.54%1.19%
Payout ratio42.26%

Growth (annualized)

MetricAPDLIN
Revenue CAGR (5Y)6.12%4.55%
EPS CAGR (5Y)16.58%25.30%
FCF CAGR (5Y)6.54%1.07%
Total return CAGR (5Y)1.17%13.80%

Frequently asked

Which is better, APD or LIN?
It depends on your goal. value: APD (lower P/E); growth: APD (faster 5Y revenue CAGR); income: APD (higher dividend yield); quality: LIN (higher ROIC). Across all compared metrics, APD leads 9 to 8.
Is APD or LIN cheaper?
On trailing earnings, APD is cheaper: APD trades at a 29.94 P/E and LIN at 34.63.
Which has grown faster, APD or LIN?
Over the past five years, APD grew revenue faster — APD at a 6.12% CAGR versus LIN at 4.55%.
Does APD or LIN pay a bigger dividend?
APD yields 2.54% and LIN yields 1.19% based on trailing dividends and the latest price.
Is APD or LIN more profitable?
LIN runs the higher net margin — APD at 16.91% versus LIN at 20.56%.
Which has been the better investment, APD or LIN?
Over the past 10-year, LIN delivered the higher annualized total return — APD at 10.38% versus LIN at 18.48%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 16, 2026.