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Side-by-side financial comparison of CEA Industries Inc. (BNC) 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 $7.1M, roughly 1.2× CEA Industries Inc.). On growth, CEA Industries Inc. posted the faster year-over-year revenue change (1727.8% vs 8.2%). Over the past eight quarters, CEA Industries Inc.'s revenue compounded faster (18.8% CAGR vs -96.7%).

CEA Technologies is an Australian government business enterprise that primarily supplies the Royal Australian Navy. The company was established in 1983. Its phase array radars, which are fitted to the Royal Australian Navy's fleet of warships, are regarded by Australians as the best in the world.

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.

BNC vs LIN — Head-to-Head

Bigger by revenue
LIN
LIN
1.2× larger
LIN
$8.8M
$7.1M
BNC
Growing faster (revenue YoY)
BNC
BNC
+1719.6% gap
BNC
1727.8%
8.2%
LIN
Faster 2-yr revenue CAGR
BNC
BNC
Annualised
BNC
18.8%
-96.7%
LIN

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
BNC
BNC
LIN
LIN
Revenue
$7.1M
$8.8M
Net Profit
$283.6M
Gross Margin
29.3%
48.5%
Operating Margin
27.8%
Net Margin
3970.6%
Revenue YoY
1727.8%
8.2%
Net Profit YoY
38409.2%
EPS (diluted)
$5.36
$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
BNC
BNC
LIN
LIN
Q1 26
$8.8M
Q4 25
$7.1M
$8.8B
Q3 25
$4.6M
$8.6B
Q2 25
$8.5B
Q1 25
$8.1B
Q4 24
$8.3B
Q3 24
$8.4B
Q2 24
$1.8M
$8.3B
Net Profit
BNC
BNC
LIN
LIN
Q1 26
Q4 25
$283.6M
$1.5B
Q3 25
$-5.8M
$1.9B
Q2 25
$1.8B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.6B
Q2 24
$-470.3K
$1.7B
Gross Margin
BNC
BNC
LIN
LIN
Q1 26
48.5%
Q4 25
29.3%
Q3 25
30.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
10.2%
Operating Margin
BNC
BNC
LIN
LIN
Q1 26
27.8%
Q4 25
23.0%
Q3 25
-123.2%
27.5%
Q2 25
27.7%
Q1 25
26.9%
Q4 24
27.4%
Q3 24
25.0%
Q2 24
-27.1%
26.4%
Net Margin
BNC
BNC
LIN
LIN
Q1 26
Q4 25
3970.6%
17.5%
Q3 25
-127.7%
22.4%
Q2 25
20.8%
Q1 25
20.6%
Q4 24
20.8%
Q3 24
18.5%
Q2 24
-26.7%
20.1%
EPS (diluted)
BNC
BNC
LIN
LIN
Q1 26
$3.98
Q4 25
$5.36
$3.28
Q3 25
$-6.94
$4.09
Q2 25
$3.73
Q1 25
$3.51
Q4 24
$3.61
Q3 24
$3.22
Q2 24
$-0.66
$3.44

Balance Sheet & Financial Strength

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

Metric
BNC
BNC
LIN
LIN
Cash + ST InvestmentsLiquidity on hand
$32.5M
$4.0M
Total DebtLower is stronger
$24.7M
Stockholders' EquityBook value
$484.9M
$40.1M
Total Assets
$616.5M
$86.3M
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNC
BNC
LIN
LIN
Q1 26
$4.0M
Q4 25
$32.5M
$5.1B
Q3 25
$3.0M
$4.5B
Q2 25
$4.8B
Q1 25
$5.3B
Q4 24
$4.8B
Q3 24
$5.2B
Q2 24
$11.3M
$4.6B
Total Debt
BNC
BNC
LIN
LIN
Q1 26
$24.7M
Q4 25
$20.7B
Q3 25
$18.6B
Q2 25
$19.7B
Q1 25
$17.6B
Q4 24
$15.3B
Q3 24
$17.5B
Q2 24
$16.9B
Stockholders' Equity
BNC
BNC
LIN
LIN
Q1 26
$40.1M
Q4 25
$484.9M
$38.2B
Q3 25
$6.9M
$38.6B
Q2 25
$38.5B
Q1 25
$38.0B
Q4 24
$38.1B
Q3 24
$39.2B
Q2 24
$10.9M
$38.2B
Total Assets
BNC
BNC
LIN
LIN
Q1 26
$86.3M
Q4 25
$616.5M
$86.8B
Q3 25
$19.1M
$86.0B
Q2 25
$86.1B
Q1 25
$82.7B
Q4 24
$80.1B
Q3 24
$82.5B
Q2 24
$12.6M
$80.2B
Debt / Equity
BNC
BNC
LIN
LIN
Q1 26
0.62×
Q4 25
0.54×
Q3 25
0.48×
Q2 25
0.51×
Q1 25
0.46×
Q4 24
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
BNC
BNC
LIN
LIN
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$898.0K
FCF MarginFCF / Revenue
10.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$4.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNC
BNC
LIN
LIN
Q1 26
Q4 25
$3.0B
Q3 25
$-1.7M
$2.9B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.8B
Q3 24
$2.7B
Q2 24
$-273.4K
$1.9B
Free Cash Flow
BNC
BNC
LIN
LIN
Q1 26
$898.0K
Q4 25
$1.6B
Q3 25
$1.7B
Q2 25
$954.0M
Q1 25
$891.0M
Q4 24
$1.6B
Q3 24
$1.7B
Q2 24
$796.0M
FCF Margin
BNC
BNC
LIN
LIN
Q1 26
10.2%
Q4 25
17.9%
Q3 25
19.4%
Q2 25
11.2%
Q1 25
11.0%
Q4 24
18.8%
Q3 24
19.9%
Q2 24
9.6%
Capex Intensity
BNC
BNC
LIN
LIN
Q1 26
Q4 25
16.6%
Q3 25
14.8%
Q2 25
14.8%
Q1 25
15.7%
Q4 24
15.1%
Q3 24
12.8%
Q2 24
13.7%
Cash Conversion
BNC
BNC
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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