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Side-by-side financial comparison of Linde plc (LIN) and Packaging Corporation of America (PKG). Click either name above to swap in a different company.

Packaging Corporation of America is the larger business by last-quarter revenue ($2.4B vs $8.8M, roughly 269.7× Linde plc). On growth, Packaging Corporation of America posted the faster year-over-year revenue change (10.6% vs 8.2%). Over the past eight quarters, Packaging Corporation of America's revenue compounded faster (6.8% CAGR vs -96.7%).

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.

Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. The company has about 15,500 employees, with operations primarily in the United States. The CEO is Mark W. Kowlzan.

LIN vs PKG — Head-to-Head

Bigger by revenue
PKG
PKG
269.7× larger
PKG
$2.4B
$8.8M
LIN
Growing faster (revenue YoY)
PKG
PKG
+2.3% gap
PKG
10.6%
8.2%
LIN
Faster 2-yr revenue CAGR
PKG
PKG
Annualised
PKG
6.8%
-96.7%
LIN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
LIN
LIN
PKG
PKG
Revenue
$8.8M
$2.4B
Net Profit
$170.9M
Gross Margin
48.5%
19.1%
Operating Margin
27.8%
10.6%
Net Margin
7.2%
Revenue YoY
8.2%
10.6%
Net Profit YoY
-16.1%
EPS (diluted)
$3.98
$1.91

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
LIN
LIN
PKG
PKG
Q1 26
$8.8M
$2.4B
Q4 25
$8.8B
$2.4B
Q3 25
$8.6B
$2.3B
Q2 25
$8.5B
$2.2B
Q1 25
$8.1B
$2.1B
Q4 24
$8.3B
$2.1B
Q3 24
$8.4B
$2.2B
Q2 24
$8.3B
$2.1B
Net Profit
LIN
LIN
PKG
PKG
Q1 26
$170.9M
Q4 25
$1.5B
$101.9M
Q3 25
$1.9B
$226.9M
Q2 25
$1.8B
$241.5M
Q1 25
$1.7B
$203.8M
Q4 24
$1.7B
$221.2M
Q3 24
$1.6B
$238.1M
Q2 24
$1.7B
$198.9M
Gross Margin
LIN
LIN
PKG
PKG
Q1 26
48.5%
19.1%
Q4 25
18.9%
Q3 25
21.8%
Q2 25
22.2%
Q1 25
21.2%
Q4 24
21.9%
Q3 24
23.1%
Q2 24
21.1%
Operating Margin
LIN
LIN
PKG
PKG
Q1 26
27.8%
10.6%
Q4 25
23.0%
7.1%
Q3 25
27.5%
14.0%
Q2 25
27.7%
15.4%
Q1 25
26.9%
13.1%
Q4 24
27.4%
14.1%
Q3 24
25.0%
15.0%
Q2 24
26.4%
13.3%
Net Margin
LIN
LIN
PKG
PKG
Q1 26
7.2%
Q4 25
17.5%
4.3%
Q3 25
22.4%
9.8%
Q2 25
20.8%
11.1%
Q1 25
20.6%
9.5%
Q4 24
20.8%
10.3%
Q3 24
18.5%
10.9%
Q2 24
20.1%
9.6%
EPS (diluted)
LIN
LIN
PKG
PKG
Q1 26
$3.98
$1.91
Q4 25
$3.28
$1.14
Q3 25
$4.09
$2.51
Q2 25
$3.73
$2.67
Q1 25
$3.51
$2.26
Q4 24
$3.61
$2.45
Q3 24
$3.22
$2.64
Q2 24
$3.44
$2.21

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LIN
LIN
PKG
PKG
Q1 26
$4.0M
Q4 25
$5.1B
$529.0M
Q3 25
$4.5B
$634.0M
Q2 25
$4.8B
$787.9M
Q1 25
$5.3B
$751.7M
Q4 24
$4.8B
$685.0M
Q3 24
$5.2B
$676.6M
Q2 24
$4.6B
$613.6M
Total Debt
LIN
LIN
PKG
PKG
Q1 26
$24.7M
Q4 25
$20.7B
$4.0B
Q3 25
$18.6B
$4.0B
Q2 25
$19.7B
Q1 25
$17.6B
Q4 24
$15.3B
$2.5B
Q3 24
$17.5B
$2.5B
Q2 24
$16.9B
Stockholders' Equity
LIN
LIN
PKG
PKG
Q1 26
$40.1M
Q4 25
$38.2B
$4.6B
Q3 25
$38.6B
$4.8B
Q2 25
$38.5B
$4.6B
Q1 25
$38.0B
$4.5B
Q4 24
$38.1B
$4.4B
Q3 24
$39.2B
$4.3B
Q2 24
$38.2B
$4.1B
Total Assets
LIN
LIN
PKG
PKG
Q1 26
$86.3M
Q4 25
$86.8B
$10.7B
Q3 25
$86.0B
$11.0B
Q2 25
$86.1B
$9.0B
Q1 25
$82.7B
$9.0B
Q4 24
$80.1B
$8.8B
Q3 24
$82.5B
$8.8B
Q2 24
$80.2B
$9.0B
Debt / Equity
LIN
LIN
PKG
PKG
Q1 26
0.62×
Q4 25
0.54×
0.87×
Q3 25
0.48×
0.84×
Q2 25
0.51×
Q1 25
0.46×
Q4 24
0.40×
0.57×
Q3 24
0.45×
0.58×
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
LIN
LIN
PKG
PKG
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
LIN
LIN
PKG
PKG
Q1 26
Q4 25
$3.0B
$446.6M
Q3 25
$2.9B
$472.2M
Q2 25
$2.2B
$299.6M
Q1 25
$2.2B
$339.1M
Q4 24
$2.8B
$325.4M
Q3 24
$2.7B
$327.1M
Q2 24
$1.9B
$278.3M
Free Cash Flow
LIN
LIN
PKG
PKG
Q1 26
$898.0K
Q4 25
$1.6B
$127.6M
Q3 25
$1.7B
$280.1M
Q2 25
$954.0M
$129.9M
Q1 25
$891.0M
$191.0M
Q4 24
$1.6B
$124.1M
Q3 24
$1.7B
$180.4M
Q2 24
$796.0M
$33.3M
FCF Margin
LIN
LIN
PKG
PKG
Q1 26
10.2%
Q4 25
17.9%
5.4%
Q3 25
19.4%
12.1%
Q2 25
11.2%
6.0%
Q1 25
11.0%
8.9%
Q4 24
18.8%
5.8%
Q3 24
19.9%
8.3%
Q2 24
9.6%
1.6%
Capex Intensity
LIN
LIN
PKG
PKG
Q1 26
Q4 25
16.6%
13.5%
Q3 25
14.8%
8.3%
Q2 25
14.8%
7.8%
Q1 25
15.7%
6.9%
Q4 24
15.1%
9.4%
Q3 24
12.8%
6.7%
Q2 24
13.7%
11.8%
Cash Conversion
LIN
LIN
PKG
PKG
Q1 26
Q4 25
1.98×
4.38×
Q3 25
1.53×
2.08×
Q2 25
1.25×
1.24×
Q1 25
1.29×
1.66×
Q4 24
1.63×
1.47×
Q3 24
1.76×
1.37×
Q2 24
1.16×
1.40×

Financial Flow Comparison

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

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