How many subsidiaries does LINDE PLC file with the SEC?

490, listed in its most recent exhibit 21. They are incorporated across 83 jurisdictions, led by Delaware, Sweden, South Africa. 11 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is LINDE PLC financially healthy?

LINDE PLC scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of LINDE PLC?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

LINDE PLC (LIN)

Nasdaq · Industrial Inorganic Chemicals

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

multinational industrial gases and engineering company founded in Germany in 1879

Corporate structure

490 entities across 83 jurisdictions, 11 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-25 — see the exhibit.

Which other public companies file entities in the same places:

China85 Delaware65 England57 Germany17 Brazil16 Netherlands15 South Africa13 Philippines11 Thailand10 Sweden9 Ireland9 France8

Subsidiaries of LINDE PLC as disclosed in its SEC filing
Entity	Jurisdiction	Note
Riverview Drive LLC	Delaware
AB Held	Sweden
AFRICAN OXYGEN (PTY) LTD	South Africa
AFRICAN WELDING COMPANY (Pty) Ltd	South Africa
AFROX (PROPRIETARY) LIMITED	South Africa
AFROX AFRICAN INVESTMENTS (PTY) LIMITED	South Africa
AFROX INTERNATIONAL LIMITED	Mauritius	offshore centre
AFROX PROPERTIES (PTY) LIMITED	South Africa
Agatronic AB	Sweden
AHP Alliance of Columbia	South Carolina
AHP Delmarva, LLP

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

PASSReturn on assets positiveROA 7.9%
PASSOperating cash flow positiveOCF 10.3B
FAILReturn on assets improving8.2% → 7.9%
PASSCash flow exceeds earningsOCF 10.3B vs NI 6.9B
FAILLong-term debt ratio falling19.1% → 23.8% of assets
FAILCurrent ratio improving0.89 → 0.88
PASSNo share dilution482M → 472M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.41× → 0.39×

Altman Z-score

3.81safe

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$27.2B	$2.5B	$4.0B	—	531,157,000
FY2021	$30.8B	$3.8B	$6.6B	—	521,875,000
FY2022	$33.4B	$4.1B	$5.7B	—	504,038,000
FY2023	$32.9B	$6.2B	$5.5B	—	492,290,000
FY2024	$33.0B	$6.6B	$4.9B	—	482,092,000
FY2025

Ownership flow

17 institutions tracked — 10 added, 5 reduced, 2 opened a new position.

Institutional holders of LINDE PLC and their share-count change
Manager	Kind	Shares	Change	Value
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	11,832,240	+1,985,729	$6.1B
STATE STREET CORP	Index	20,344,181	+719,052	$10.6B
FMR LLC	Active fund	8,316,540	−680,788	$4.3B
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	5,100	−624,720	$2.6M

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Dividend per share

2026Q2: $1.60
2026Q1: $1.60
2025Q3: $1.50
2025Q2: $1.50
2025Q1: $1.50
2024Q3: $1.39

Shares repurchased

2026Q1: $807.0M
2025Q1: $1.1B
2024Q1: $1.0B
2023Q1: $859.0M
2022Q1: $1.7B
2021Q1: $868.0M

Identity

CIK: 0001707925
SIC: 2810 · Industrial Inorganic Chemicals
Incorporated: Ireland
Headquarters: WOKING SURREY, United Kingdom
Employees: 66,323 (2023)

Ownership

Institutional: 88.7%
Institutions: 3,347
Insiders: 0.2%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other industrial inorganic chemicals companies

LINDE PLC files under SIC 2810 — all 7 industrial inorganic chemicals companies compared on assets and F-score.

Air Products & Chemicals, Inc.APD Tronox Holdings plcTROX MINERALS TECHNOLOGIES INCMTX VALHI INC /DE/VHI KRONOS WORLDWIDE INCKRO LUXFER HOLDINGS PLCLXFR

Questions about LINDE PLC

How many subsidiaries does LINDE PLC file with the SEC?: 490, listed in its most recent exhibit 21. They are incorporated across 83 jurisdictions, led by Delaware, Sweden, South Africa. 11 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is LINDE PLC financially healthy?: LINDE PLC scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of LINDE PLC?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.