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Side-by-side financial comparison of Alector, Inc. (ALEC) and Linde plc (LIN). Click either name above to swap in a different company.

Linde plc is the larger business by last-quarter revenue ($8.8M vs $6.2M, roughly 1.4× Alector, Inc.). On growth, Linde plc posted the faster year-over-year revenue change (8.2% vs -88.5%). Linde plc produced more free cash flow last quarter ($898.0K vs $-184.1M). Over the past eight quarters, Alector, Inc.'s revenue compounded faster (-37.4% CAGR vs -96.7%).

Alector, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative immunotherapies for neurodegenerative diseases. Its product pipeline targets unmet medical needs including Alzheimer’s disease, frontotemporal dementia, and Parkinson’s disease, and it collaborates with global pharmaceutical partners to advance candidate therapies through clinical trials.

Linde is a global multinational chemical company and the world's largest industrial gas supplier by market share and revenue. Founded by German scientist and engineer Carl von Linde in 1879 in Wiesbaden, Germany, the company is now headquartered in Woking, United Kingdom, and registered in Ireland as Linde plc. Linde plc was formed in 2018 through the merger of Linde AG and Praxair, which was founded in 1907 in the United States as Linde Air Products Company.

ALEC vs LIN — Head-to-Head

Bigger by revenue
LIN
LIN
1.4× larger
LIN
$8.8M
$6.2M
ALEC
Growing faster (revenue YoY)
LIN
LIN
+96.7% gap
LIN
8.2%
-88.5%
ALEC
More free cash flow
LIN
LIN
$185.0M more FCF
LIN
$898.0K
$-184.1M
ALEC
Faster 2-yr revenue CAGR
ALEC
ALEC
Annualised
ALEC
-37.4%
-96.7%
LIN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALEC
ALEC
LIN
LIN
Revenue
$6.2M
$8.8M
Net Profit
Gross Margin
48.5%
Operating Margin
27.8%
Net Margin
Revenue YoY
-88.5%
8.2%
Net Profit YoY
-1696.9%
EPS (diluted)
$3.98

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALEC
ALEC
LIN
LIN
Q1 26
$8.8M
Q4 25
$6.2M
$8.8B
Q3 25
$3.3M
$8.6B
Q2 25
$7.9M
$8.5B
Q1 25
$3.7M
$8.1B
Q4 24
$54.2M
$8.3B
Q3 24
$15.3M
$8.4B
Q2 24
$15.1M
$8.3B
Net Profit
ALEC
ALEC
LIN
LIN
Q1 26
Q4 25
$1.5B
Q3 25
$-34.7M
$1.9B
Q2 25
$-30.5M
$1.8B
Q1 25
$-40.5M
$1.7B
Q4 24
$-2.1M
$1.7B
Q3 24
$-42.2M
$1.6B
Q2 24
$-38.7M
$1.7B
Gross Margin
ALEC
ALEC
LIN
LIN
Q1 26
48.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
ALEC
ALEC
LIN
LIN
Q1 26
27.8%
Q4 25
23.0%
Q3 25
-1153.6%
27.5%
Q2 25
-433.6%
27.7%
Q1 25
-1216.5%
26.9%
Q4 24
-13.4%
27.4%
Q3 24
-315.7%
25.0%
Q2 24
-302.4%
26.4%
Net Margin
ALEC
ALEC
LIN
LIN
Q1 26
Q4 25
17.5%
Q3 25
-1063.4%
22.4%
Q2 25
-387.7%
20.8%
Q1 25
-1101.6%
20.6%
Q4 24
-3.8%
20.8%
Q3 24
-275.2%
18.5%
Q2 24
-256.4%
20.1%
EPS (diluted)
ALEC
ALEC
LIN
LIN
Q1 26
$3.98
Q4 25
$3.28
Q3 25
$-0.34
$4.09
Q2 25
$-0.30
$3.73
Q1 25
$-0.41
$3.51
Q4 24
$-0.02
$3.61
Q3 24
$-0.43
$3.22
Q2 24
$-0.40
$3.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALEC
ALEC
LIN
LIN
Cash + ST InvestmentsLiquidity on hand
$256.0M
$4.0M
Total DebtLower is stronger
$10.0M
$24.7M
Stockholders' EquityBook value
$30.6M
$40.1M
Total Assets
$293.2M
$86.3M
Debt / EquityLower = less leverage
0.33×
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALEC
ALEC
LIN
LIN
Q1 26
$4.0M
Q4 25
$256.0M
$5.1B
Q3 25
$291.1M
$4.5B
Q2 25
$307.3M
$4.8B
Q1 25
$354.6M
$5.3B
Q4 24
$413.4M
$4.8B
Q3 24
$457.2M
$5.2B
Q2 24
$503.3M
$4.6B
Total Debt
ALEC
ALEC
LIN
LIN
Q1 26
$24.7M
Q4 25
$10.0M
$20.7B
Q3 25
$18.6B
Q2 25
$19.7B
Q1 25
$17.6B
Q4 24
$10.0M
$15.3B
Q3 24
$17.5B
Q2 24
$16.9B
Stockholders' Equity
ALEC
ALEC
LIN
LIN
Q1 26
$40.1M
Q4 25
$30.6M
$38.2B
Q3 25
$57.7M
$38.6B
Q2 25
$71.2M
$38.5B
Q1 25
$94.6M
$38.0B
Q4 24
$126.8M
$38.1B
Q3 24
$118.9M
$39.2B
Q2 24
$150.6M
$38.2B
Total Assets
ALEC
ALEC
LIN
LIN
Q1 26
$86.3M
Q4 25
$293.2M
$86.8B
Q3 25
$335.3M
$86.0B
Q2 25
$356.4M
$86.1B
Q1 25
$408.3M
$82.7B
Q4 24
$468.3M
$80.1B
Q3 24
$516.0M
$82.5B
Q2 24
$570.7M
$80.2B
Debt / Equity
ALEC
ALEC
LIN
LIN
Q1 26
0.62×
Q4 25
0.33×
0.54×
Q3 25
0.48×
Q2 25
0.51×
Q1 25
0.46×
Q4 24
0.08×
0.40×
Q3 24
0.45×
Q2 24
0.44×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALEC
ALEC
LIN
LIN
Operating Cash FlowLast quarter
$-184.0M
Free Cash FlowOCF − Capex
$-184.1M
$898.0K
FCF MarginFCF / Revenue
-2951.3%
10.2%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-326.5M
$4.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALEC
ALEC
LIN
LIN
Q1 26
Q4 25
$-184.0M
$3.0B
Q3 25
$-32.5M
$2.9B
Q2 25
$-49.0M
$2.2B
Q1 25
$-60.8M
$2.2B
Q4 24
$-55.0M
$2.8B
Q3 24
$-50.7M
$2.7B
Q2 24
$-62.8M
$1.9B
Free Cash Flow
ALEC
ALEC
LIN
LIN
Q1 26
$898.0K
Q4 25
$-184.1M
$1.6B
Q3 25
$-32.5M
$1.7B
Q2 25
$-49.1M
$954.0M
Q1 25
$-60.8M
$891.0M
Q4 24
$-55.2M
$1.6B
Q3 24
$-50.9M
$1.7B
Q2 24
$-63.1M
$796.0M
FCF Margin
ALEC
ALEC
LIN
LIN
Q1 26
10.2%
Q4 25
-2951.3%
17.9%
Q3 25
-997.6%
19.4%
Q2 25
-623.0%
11.2%
Q1 25
-1655.0%
11.0%
Q4 24
-101.8%
18.8%
Q3 24
-332.1%
19.9%
Q2 24
-418.6%
9.6%
Capex Intensity
ALEC
ALEC
LIN
LIN
Q1 26
Q4 25
0.7%
16.6%
Q3 25
0.3%
14.8%
Q2 25
0.1%
14.8%
Q1 25
0.5%
15.7%
Q4 24
0.3%
15.1%
Q3 24
1.4%
12.8%
Q2 24
2.2%
13.7%
Cash Conversion
ALEC
ALEC
LIN
LIN
Q1 26
Q4 25
1.98×
Q3 25
1.53×
Q2 25
1.25×
Q1 25
1.29×
Q4 24
1.63×
Q3 24
1.76×
Q2 24
1.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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