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Side-by-side financial comparison of FRP HOLDINGS, INC. (FRPH) and Linde plc (LIN). Click either name above to swap in a different company.

FRP HOLDINGS, INC. is the larger business by last-quarter revenue ($10.9M vs $8.8M, roughly 1.2× Linde plc). On growth, Linde plc posted the faster year-over-year revenue change (8.2% vs 3.6%). Linde plc produced more free cash flow last quarter ($898.0K vs $-21.5M). Over the past eight quarters, FRP HOLDINGS, INC.'s revenue compounded faster (3.8% CAGR vs -96.7%).

FRP Advisory is a business advisory firm based in the United Kingdom, providing restructuring, corporate finance, debt advisory, forensic accounting and financial advisory and is one of the UK’s largest specialists in the area of corporate restructuring.

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.

FRPH vs LIN — Head-to-Head

Bigger by revenue
FRPH
FRPH
1.2× larger
FRPH
$10.9M
$8.8M
LIN
Growing faster (revenue YoY)
LIN
LIN
+4.6% gap
LIN
8.2%
3.6%
FRPH
More free cash flow
LIN
LIN
$22.4M more FCF
LIN
$898.0K
$-21.5M
FRPH
Faster 2-yr revenue CAGR
FRPH
FRPH
Annualised
FRPH
3.8%
-96.7%
LIN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FRPH
FRPH
LIN
LIN
Revenue
$10.9M
$8.8M
Net Profit
$139.0K
Gross Margin
48.5%
Operating Margin
15.4%
27.8%
Net Margin
1.3%
Revenue YoY
3.6%
8.2%
Net Profit YoY
-91.8%
EPS (diluted)
$0.03
$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
FRPH
FRPH
LIN
LIN
Q1 26
$8.8M
Q4 25
$10.9M
$8.8B
Q3 25
$10.8M
$8.6B
Q2 25
$10.8M
$8.5B
Q1 25
$10.3M
$8.1B
Q4 24
$10.5M
$8.3B
Q3 24
$10.6M
$8.4B
Q2 24
$10.5M
$8.3B
Net Profit
FRPH
FRPH
LIN
LIN
Q1 26
Q4 25
$139.0K
$1.5B
Q3 25
$662.0K
$1.9B
Q2 25
$578.0K
$1.8B
Q1 25
$1.7M
$1.7B
Q4 24
$1.7M
$1.7B
Q3 24
$1.4M
$1.6B
Q2 24
$2.0M
$1.7B
Gross Margin
FRPH
FRPH
LIN
LIN
Q1 26
48.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
FRPH
FRPH
LIN
LIN
Q1 26
27.8%
Q4 25
15.4%
23.0%
Q3 25
12.6%
27.5%
Q2 25
15.3%
27.7%
Q1 25
22.6%
26.9%
Q4 24
27.7%
27.4%
Q3 24
29.0%
25.0%
Q2 24
26.9%
26.4%
Net Margin
FRPH
FRPH
LIN
LIN
Q1 26
Q4 25
1.3%
17.5%
Q3 25
6.1%
22.4%
Q2 25
5.3%
20.8%
Q1 25
16.6%
20.6%
Q4 24
16.0%
20.8%
Q3 24
12.8%
18.5%
Q2 24
19.5%
20.1%
EPS (diluted)
FRPH
FRPH
LIN
LIN
Q1 26
$3.98
Q4 25
$0.03
$3.28
Q3 25
$0.03
$4.09
Q2 25
$0.03
$3.73
Q1 25
$0.09
$3.51
Q4 24
$0.09
$3.61
Q3 24
$0.07
$3.22
Q2 24
$0.11
$3.44

Balance Sheet & Financial Strength

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

Metric
FRPH
FRPH
LIN
LIN
Cash + ST InvestmentsLiquidity on hand
$4.0M
Total DebtLower is stronger
$192.6M
$24.7M
Stockholders' EquityBook value
$428.5M
$40.1M
Total Assets
$735.1M
$86.3M
Debt / EquityLower = less leverage
0.45×
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPH
FRPH
LIN
LIN
Q1 26
$4.0M
Q4 25
$5.1B
Q3 25
$134.9M
$4.5B
Q2 25
$153.2M
$4.8B
Q1 25
$142.9M
$5.3B
Q4 24
$148.6M
$4.8B
Q3 24
$144.7M
$5.2B
Q2 24
$156.9M
$4.6B
Total Debt
FRPH
FRPH
LIN
LIN
Q1 26
$24.7M
Q4 25
$192.6M
$20.7B
Q3 25
$185.3M
$18.6B
Q2 25
$180.4M
$19.7B
Q1 25
$178.3M
$17.6B
Q4 24
$178.9M
$15.3B
Q3 24
$178.8M
$17.5B
Q2 24
$178.8M
$16.9B
Stockholders' Equity
FRPH
FRPH
LIN
LIN
Q1 26
$40.1M
Q4 25
$428.5M
$38.2B
Q3 25
$427.7M
$38.6B
Q2 25
$426.7M
$38.5B
Q1 25
$425.2M
$38.0B
Q4 24
$423.1M
$38.1B
Q3 24
$420.9M
$39.2B
Q2 24
$419.1M
$38.2B
Total Assets
FRPH
FRPH
LIN
LIN
Q1 26
$86.3M
Q4 25
$735.1M
$86.8B
Q3 25
$731.3M
$86.0B
Q2 25
$722.8M
$86.1B
Q1 25
$717.1M
$82.7B
Q4 24
$728.5M
$80.1B
Q3 24
$726.9M
$82.5B
Q2 24
$711.9M
$80.2B
Debt / Equity
FRPH
FRPH
LIN
LIN
Q1 26
0.62×
Q4 25
0.45×
0.54×
Q3 25
0.43×
0.48×
Q2 25
0.42×
0.51×
Q1 25
0.42×
0.46×
Q4 24
0.42×
0.40×
Q3 24
0.42×
0.45×
Q2 24
0.43×
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
FRPH
FRPH
LIN
LIN
Operating Cash FlowLast quarter
$29.7M
Free Cash FlowOCF − Capex
$-21.5M
$898.0K
FCF MarginFCF / Revenue
-196.6%
10.2%
Capex IntensityCapex / Revenue
468.5%
Cash ConversionOCF / Net Profit
213.50×
TTM Free Cash FlowTrailing 4 quarters
$-34.4M
$4.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPH
FRPH
LIN
LIN
Q1 26
Q4 25
$29.7M
$3.0B
Q3 25
$8.1M
$2.9B
Q2 25
$8.7M
$2.2B
Q1 25
$4.5M
$2.2B
Q4 24
$29.0M
$2.8B
Q3 24
$6.3M
$2.7B
Q2 24
$12.2M
$1.9B
Free Cash Flow
FRPH
FRPH
LIN
LIN
Q1 26
$898.0K
Q4 25
$-21.5M
$1.6B
Q3 25
$-16.9M
$1.7B
Q2 25
$2.6M
$954.0M
Q1 25
$1.4M
$891.0M
Q4 24
$-22.2M
$1.6B
Q3 24
$-28.2M
$1.7B
Q2 24
$5.9M
$796.0M
FCF Margin
FRPH
FRPH
LIN
LIN
Q1 26
10.2%
Q4 25
-196.6%
17.9%
Q3 25
-157.0%
19.4%
Q2 25
24.0%
11.2%
Q1 25
13.6%
11.0%
Q4 24
-210.9%
18.8%
Q3 24
-265.7%
19.9%
Q2 24
56.0%
9.6%
Capex Intensity
FRPH
FRPH
LIN
LIN
Q1 26
Q4 25
468.5%
16.6%
Q3 25
232.0%
14.8%
Q2 25
55.9%
14.8%
Q1 25
30.1%
15.7%
Q4 24
486.1%
15.1%
Q3 24
325.1%
12.8%
Q2 24
60.3%
13.7%
Cash Conversion
FRPH
FRPH
LIN
LIN
Q1 26
Q4 25
213.50×
1.98×
Q3 25
12.21×
1.53×
Q2 25
15.00×
1.25×
Q1 25
2.63×
1.29×
Q4 24
17.18×
1.63×
Q3 24
4.65×
1.76×
Q2 24
5.96×
1.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRPH
FRPH

Other$5.6M51%
Multifamily Segment$5.3M49%

LIN
LIN

Segment breakdown not available.

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