LIN · 10-Q · 2026Q3 · Full report

Gross Margin Drivers

LINDE PLC · 2026-10-29 · Importance 48 · Surprise 32 · Matches filing data

Cost of sales, excluding depreciation and amortization, rose $583 million, or 13%, in third-quarter 2026 and $1,504 million, or 12%, in the first nine months. Cost of sales increased to 52.8% of sales for the quarter from 50.8% a year earlier, and to 52.2% for the nine-month period from 50.9%. Higher costs and cost pass-through drove the higher sales ratio, partially offset by productivity gains; the company said cost pass-through had minimal impact on operating profit.

Key facts

• LINDE PLC cost of sales, exclusive of depreciation and amortization, increased $583 million, or 13%, in Q3 2026 and $1,504 million, or 12%, in the nine months ended September 30, 2026. source
• LINDE PLC cost of sales was 52.8% of sales in Q3 2026 and 52.2% in the nine months ended September 30, 2026, versus 50.8% and 50.9% in the respective 2025 periods. source
• The increase in LINDE PLC cost of sales was primarily due to higher costs and currency translation, partially offset by productivity gains. source
• The increase in LINDE PLC cost of sales as a percentage of sales was primarily due to higher costs and cost pass-through, partially offset by productivity gains. source

Impact estimates