What is Linde’s (LIN) Economic Moat, and is it Widening or Narrowing?

What happened: Linde plc (NASDAQ:LIN) closed at $479.48 on October 2, up 2.33% over twelve months. The article examines the company's economic moat in industrial gases. Key numbers: Revenue rose 9.30% in the most recent quarter and earnings rose 9.20%. Operating margin is 28.12%. Why it matters: The moat is described as widening slowly as new semiconductor plants need on-site gas suppliers under twenty-year contracts, but the article notes the market already prices the stock at a technology multiple despite single-digit growth.

Linde plc (NASDAQ:LIN) closed at $479.48 on October 2, up 2.33% over twelve months. The article examines the company's economic moat in industrial gases.

The moat is described as widening slowly as new semiconductor plants need on-site gas suppliers under twenty-year contracts, but the article notes the market already prices the stock at a technology multiple despite single-digit growth.