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Linde vs Valhi: LIN and VHI compared
Linde is the larger company: $9.4B of revenue in its latest quarter (Q3 2026) against $589M for Valhi (Q3 2026). Valhi is growing faster (+17% against +9% a year earlier). Linde is more profitable, with an operating margin of 22.9% against 11.4%.
Where the money goes: LIN and VHI
Linde (LIN) · Q3 2026
Linde, Q3 2026: revenue $9.4B (+9% year over year), operating margin 22.9%, net earnings $1.7B, operating cash flow $3.2B. The chart follows the revenue to costs, profit and cash.
Valhi (VHI) · Q3 2026
Valhi, Q3 2026: revenue $589M (+17% year over year), operating margin 11.4%, net earnings $30.2M, operating cash flow $58.7M. The chart follows the revenue to costs, profit and cash.
| Linde (LIN) | Valhi (VHI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $9.4B | $589M |
| Revenue growth, Y/Y | +9% | +17% |
| Gross margin | — | 24.1% |
| Operating margin | 22.9% | 11.4% |
| Net earnings | $1.7B | $30.2M |
| Net margin | 18.0% | 5.1% |
| Operating cash flow | $3.2B | $58.7M |
| Free cash flow | $1.8B | $43.6M |
| Market value | $241.1B | $460M |
| P/E | 34.6× | 22.1× |
| Analysts’ mean target | $550.85 | — |
Where the revenue comes from
Linde
- Americas: $3.6B (38%)
- EMEA: $2.3B (25%)
- APAC: $1.9B (21%)
- Other: $944M (10%)
Valhi
- Chemicals: $541M (92%)
- Component products: $44.0M (7%)
- Real estate management and development: $3.9M (1%)
Questions
Which is bigger, Linde or Valhi?
Linde is the larger company: $9.4B of revenue in its latest quarter (Q3 2026) against $589M for Valhi (Q3 2026).
Is Linde or Valhi growing faster?
Valhi is growing faster (+17% against +9% a year earlier).
Which is more profitable, Linde or Valhi?
Linde is more profitable, with an operating margin of 22.9% against 11.4%.
More: Linde earnings · how Linde makes money · Valhi earnings · how Valhi makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.