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Held by 2,148 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $458.48 today, the market must believe free cash flow compounds 18.9%/yr for a decade (off $5.2B normalized FCF).
The market's 18.9% is more optimistic than its 5-yr track record.
2-stage DCF · 0.47B shares · net debt $20.1B
mean 8.0% · volatility σ 32% · implied rate exceeded in 1/5 yrs
Central path = implied 18.9%/yr growth; shaded band = ±1σ (32%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 55% of free cash flow, leaving room to grow it and fund buybacks. Last year: $2.8B dividends + $4.6B buybacks = $7.4B returned on $5.1B FCF.
7 consecutive years of dividend increases · 8%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 11%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $5.1B covers the $1.8B due within a year 2.8× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~1.0% on $25.2B of debt.
Cash of $5.1B fully covers short-term debt of $4.5B.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.99B 100.0% | $33.01B 100.0% | $32.85B 100.0% | $33.36B 100.0% | $30.79B 100.0% | $27.24B 100.0% | $28.23B 100.0% | $14.84B 100.0% | $11.36B 100.0% | $10.53B 100.0% |
| Cost of Products | — | — | — | — | — | — | — | $9.08B 61.2% | $6.46B 56.9% | $5.86B 55.6% |
| Research & Development | $147.0M 0.4% | $150.0M 0.5% | $146.0M 0.4% | $143.0M 0.4% | $143.0M 0.5% | $152.0M 0.6% | $184.0M 0.7% | $113.0M 0.8% | $93.0M 0.8% | $92.0M 0.9% |
| Selling, General & Admin | $3.43B 10.1% | $3.34B 10.1% | $3.29B 10.0% | $3.11B 9.3% | $3.19B 10.4% | $3.19B 11.7% | $3.46B 12.2% | $1.63B 11.0% | $1.21B 10.6% | $1.15B 10.9% |
| Operating Income | $8.92B 26.3% | $8.63B 26.2% | $8.02B 24.4% | $5.37B 16.1% | $4.98B 16.2% | $3.32B 12.2% | $2.93B 10.4% | $5.25B 35.4% | $2.44B 21.5% | $2.25B 21.3% |
| Interest Expense | $255.0M 0.8% | $256.0M 0.8% | $200.0M 0.6% | $63.0M 0.2% | $227.0M 0.7% | $277.0M 1.0% | $284.0M 1.0% | $297.0M 2.0% | $230.0M 2.0% | $208.0M 2.0% |
| Interest & Investment Income | $209.0M 0.6% | $228.0M 0.7% | $197.0M 0.6% | $117.0M 0.4% | $40.0M 0.1% | $55.0M 0.2% | $112.0M 0.4% | $80.0M 0.5% | $41.0M 0.4% | — |
| Pretax Income | $8.90B 26.2% | $8.57B 26.0% | $7.99B 24.3% | $5.54B 16.6% | $5.10B 16.6% | $3.38B 12.4% | $2.93B 10.4% | $5.05B 34.0% | $2.29B 20.1% | $2.05B 19.4% |
| Income Tax Expense | $1.99B 5.9% | $2.00B 6.1% | $1.81B 5.5% | $1.43B 4.3% | $1.26B 4.1% | $847.0M 3.1% | $769.0M 2.7% | $817.0M 5.5% | $1.03B 9.0% | $551.0M 5.2% |
| Net Income | $6.90B 20.3% | $6.57B 19.9% | $6.20B 18.9% | $4.15B 12.4% | $3.83B 12.4% | $2.50B 9.2% | $2.29B 8.1% | $4.38B 29.5% | $1.25B 11.0% | $1.50B 14.2% |
| Per Share | ||||||||||
| EPS (Basic) | $14.69 | $13.71 | $12.70 | $8.30 | $7.40 | $4.75 | $4.22 | $13.26 | $4.36 | $5.25 |
| EPS (Diluted) | $14.61 | $13.62 | $12.59 | $8.23 | $7.33 | $4.71 | $4.19 | $13.11 | $4.32 | $5.21 |
| Weighted Avg Shares (Basic) | 469.5M | 478.8M | 488.2M | 499.7M | 516.9M | 526.7M | 541.1M | 330.4M | 286.3M | 285.7M |
| Weighted Avg Shares (Diluted) | 472.2M | 482.1M | 492.3M | 504.0M | 521.9M | 531.2M | 545.2M | 334.1M | 289.1M | 287.8M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
Where each multiple sits in its own 10-yr range · 80th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 10-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| R&D | 0.8 | 0.7 | 0.6 | 0.5 | 0.4 | 0.4 | 0.5 | 0.4 |
| SG&A | 11.0 | 12.2 | 11.7 | 10.4 | 9.3 | 10.0 | 10.1 | 10.1 |
| Operating Income | 35.4 | 10.4 | 12.2 | 16.2 | 16.1 | 24.4 | 26.2 | 26.3 |
| Income Tax | 5.5 | 2.7 | 3.1 | 4.1 | 4.3 | 5.5 | 6.1 | 5.9 |
| Net Income | 29.5 | 8.1 | 9.2 | 12.4 | 12.4 | 18.9 | 19.9 | 20.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LIN: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 238 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BHP | $427.1B | — | — | — | — | — | — | — | — | — | 713 |
| LIN | $216.9B | 31.6× | 19.5× | 6.4× | 3.0% | — | 20.3% | 18.0% | 10.9% | 2.1× | 2,148 |
| SCCO | $157.0B | 36.2× | 20.3× | 11.7× | 17.4% | 60.1% | 32.4% | 39.4% | 24.4% | 0.9× | 791 |
| CX | $147.4B | — | — | — | — | — | — | — | — | — | 297 |
| TX | $114.2B | — | — | — | — | — | — | — | — | — | 139 |
| FCX | $99.5B | — | 12.0× | 3.8× | 1.8% | 28.2% | 16.0% | 22.0% | 14.7% | 1.1× | 1,775 |
| AEM | $97.8B | — | — | — | — | — | — | — | — | — | 1,066 |
| SHW | $79.6B | 31.3× | — | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | — | 1,610 |
| ECL | $77.3B | 37.6× | 22.7× | 4.8× | 2.2% | 44.5% | 12.9% | 21.2% | 19.5% | 0.3× | 1,619 |
| B | $71.3B | — | — | — | — | — | — | — | — | — | 979 |
| WPM | $66.6B | — | — | — | — | — | — | — | — | — | 809 |
| APD | $63.9B | — | 90.3× | 5.3× | -0.5% | 31.4% | -3.3% | -2.6% | -2.6% | 0.1× | 1,702 |
| NUE | $60.1B | 34.7× | — | 1.9× | 5.7% | 11.9% | 5.4% | 8.3% | 8.3% | — | 1,325 |
| VALE | $60.1B | — | — | — | — | — | — | — | — | — | 537 |
| CRH | $58.0B | 15.7× | 9.3× | 1.6× | 5.3% | 36.1% | 10.0% | 15.6% | 9.2% | 2.2× | 9 |
| MT | $55.7B | — | — | — | — | — | — | — | — | — | 286 |
| DD | $53.3B | — | — | 7.8× | 1.9% | 34.5% | -11.4% | -5.6% | -5.6% | — | 1,172 |
| AU | $50.4B | — | — | — | — | — | — | — | — | — | 537 |
| FNV | $50.0B | — | — | — | — | — | — | — | — | — | 614 |
| NTR | $37.1B | — | — | — | — | — | — | — | — | — | 718 |
| STLD | $34.5B | 29.8× | 18.7× | 1.9× | 3.6% | 13.2% | 6.5% | 13.2% | 9.0% | 2.1× | 893 |
| KGC | $33.4B | — | — | — | — | — | — | — | — | — | 630 |
| VMC | $31.9B | 30.1× | 15.2× | 4.0× | 7.1% | 27.4% | 13.6% | 12.6% | 8.4% | 1.8× | 981 |
| MLM | $30.0B | 26.5× | 17.0× | 4.9× | 8.6% | 30.7% | 18.5% | 11.3% | 7.4% | 2.6× | 1,022 |
| PPG | $23.5B | 15.1× | — | 1.5× | 0.2% | 41.3% | 9.9% | 19.8% | 10.3% | — | 1,003 |
Peers = companies sharing LIN's sector (Basic Materials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.