LINDE PLC Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator (Millions of dollars) | |||||||||||||||||
| Net Income – Linde plc | $ | 6,898 | $ | 6,565 | $ | 6,199 | |||||||||||
| Denominator (Thousands of shares) | |||||||||||||||||
| Weighted average shares outstanding | 468,673 | 477,998 | 487,656 | ||||||||||||||
| Shares earned and issuable under compensation plans | 815 | 775 | 535 | ||||||||||||||
| Weighted average shares used in basic earnings per share | 469,488 | 478,773 | 488,191 | ||||||||||||||
| Effect of dilutive securities | |||||||||||||||||
| Stock options and awards | 2,707 | 3,319 | 4,099 | ||||||||||||||
| Weighted average shares used in diluted earnings per share | 472,195 | 482,092 | 492,290 | ||||||||||||||
| Basic Earnings Per Share | $ | 14.69 | $ | 13.71 | $ | 12.70 | |||||||||||
| Diluted Earnings Per Share | $ | 14.61 | $ | 13.62 | $ | 12.59 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Mar 18, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.