BHP vs. LIN: BHP vs. Linde Stock Comparison

August 16, 2026

How do BHP (BHP) and Linde (LIN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BHP (BHP) and Linde (LIN) both fall under the Materials industry group, but BHP is classified in Metals & Mining while LIN is classified in Chemicals.

Linde (LIN) trades as ordinary local shares, while BHP (BHP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for BHP (BHP) and Linde (LIN)
Profile Item	BHP	LIN
Name	BHP Group Ltd.	Linde plc
Country/Region	Australia	United Kingdom
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Chemicals
GICS Sub-Industry	Diversified Metals & Mining	Industrial Gases
Market Capitalization	220.45 billion USD	222.53 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 17, 1980	June 17, 1992
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

BHP

LIN

GSPC

BHP (BHP) vs. Linde (LIN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for BHP (BHP) and Linde (LIN). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for BHP (BHP) and Linde (LIN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BHP (BHP) and Linde (LIN)
Metric	BHP	LIN
Total Return (1Y)	64.42%	2.43%
Total Return (3Y, Annualized)	19.15%	9.49%
Total Return (5Y, Annualized)	11.53%	10.80%

Risk Profile

Drawdown History

BHP

LIN

GSPC

BHP (BHP) vs. Linde (LIN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for BHP (BHP) and Linde (LIN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BHP (BHP) and Linde (LIN)
Metric	BHP	LIN
Volatility (1Y, Annualized)	33.43%	18.99%
Beta (5Y)	0.78	0.71
Max Drawdown (5Y)	-37.21%	-22.82%
Avg. Volume (3M)	2.65M	2.30M

Risk-Adjusted Performance

Risk-Return Positioning

BHP and LIN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BHP (BHP) and Linde (LIN)
Metric	BHP	LIN
Sharpe Ratio (1Y)	1.81	-0.08
Sortino Ratio (1Y)	2.74	-0.11

Profitability

ROE (TTM)

BHP (BHP) at 24.71% sits in the top ROE quartile, while Linde (LIN) at 18.40% is closer to the peer norm — stronger capital efficiency for BHP.

BHP

Materials industry group

24.71%

Max: 53.09%
BHP: 24.71%
Q3: 19.30%
Median: 7.11%
Q1: -7.26%
Min: -41.32%

LIN

Materials industry group

18.40%

Max: 53.09%
Q3: 19.30%
LIN: 18.40%
Median: 7.11%
Q1: -7.26%
Min: -41.32%

BHP (BHP) vs. Linde (LIN): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both BHP (BHP) at 18.97% and Linde (LIN) at 20.44% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

BHP

Materials industry group

18.97%

Max: 38.18%
BHP: 18.97%
Q3: 15.38%
Median: 4.37%
Q1: 0.00%
Min: -22.98%

LIN

Materials industry group

20.44%

Max: 38.18%
LIN: 20.44%
Q3: 15.38%
Median: 4.37%
Q1: 0.00%
Min: -22.98%

BHP (BHP) vs. Linde (LIN): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

BHP (BHP) at 40.73% operates in the top operating margin quartile, ahead of Linde (LIN) at 28.12%, which runs around its industry’s norm.

BHP

Materials industry group

40.73%

Max: 66.54%
BHP: 40.73%
Q3: 28.14%
Median: 11.83%
Q1: 1.74%
Min: -29.20%

LIN

Materials industry group

28.12%

Max: 66.54%
Q3: 28.14%
LIN: 28.12%
Median: 11.83%
Q1: 1.74%
Min: -29.20%

BHP (BHP) vs. Linde (LIN): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for BHP (BHP) and Linde (LIN)
Metric	BHP	LIN
ROE (TTM)	24.71%	18.40%
ROA (TTM)	12.23%	7.16%
Net Margin (TTM)	18.97%	20.44%
Operating Margin (TTM)	40.73%	28.12%
Gross Margin (TTM)	83.09%	48.35%

Growth

Revenue Growth

Linde (LIN) at 2.97% is around its peer norm for revenue growth, while BHP (BHP) at -7.90% drops into the bottom quartile, signaling weaker demand or pricing momentum.

BHP (BHP) vs. Linde (LIN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both BHP (BHP) at 14.08% and Linde (LIN) at 7.27% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

BHP (BHP) vs. Linde (LIN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BHP (BHP) and Linde (LIN)
Metric	BHP	LIN
Revenue Growth (YoY)	-7.90%	2.97%
Revenue Growth (3Y CAGR)	-7.66%	0.62%
EPS Growth (YoY)	14.08%	7.27%
EPS Growth (3Y CAGR)	-33.72%	21.08%

Financial Strength

Current Ratio (MRQ)

BHP (BHP) at 1.65 keeps current ratio within its industry’s typical mid-range, while Linde (LIN) at 0.88 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LIN.

BHP

Materials industry group

1.65

Max: 5.85
Q3: 3.37
Median: 2.20
BHP: 1.65
Q1: 1.46
Min: 0.12

LIN

Materials industry group

0.88

Max: 5.85
Q3: 3.37
Median: 2.20
Q1: 1.46
LIN: 0.88
Min: 0.12

BHP (BHP) vs. Linde (LIN): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both BHP (BHP) at 0.53 and Linde (LIN) at 0.69 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

BHP

Materials industry group

0.53

Max: 2.03
Q3: 0.94
BHP: 0.53
Median: 0.46
Q1: 0.13
Min: 0.00

LIN

Materials industry group

0.69

Max: 2.03
Q3: 0.94
LIN: 0.69
Median: 0.46
Q1: 0.13
Min: 0.00

BHP (BHP) vs. Linde (LIN): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for BHP (BHP) and Linde (LIN)
Metric	BHP	LIN
Current Ratio (MRQ)	1.65	0.88
Debt / Equity (MRQ)	0.53	0.69
Net Debt / EBITDA	0.60	1.67

Dividends

Dividend Yield (TTM)

Both BHP (BHP) at 1.52% and Linde (LIN) at 1.30% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

BHP

Materials industry group

1.52%

Max: 4.28%
Q3: 1.72%
BHP: 1.52%
Median: 0.40%
Q1: 0.00%
Min: 0.00%

LIN

Materials industry group

1.30%

Max: 4.28%
Q3: 1.72%
LIN: 1.30%
Median: 0.40%
Q1: 0.00%
Min: 0.00%

BHP (BHP) vs. Linde (LIN): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both BHP (BHP) at 54.64% and Linde (LIN) at 40.00% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

BHP

Materials industry group

54.64%

Max: 89.26%
BHP: 54.64%
Q3: 36.00%
Median: 7.61%
Q1: 0.00%
Min: 0.00%

LIN

Materials industry group

40.00%

Max: 89.26%
LIN: 40.00%
Q3: 36.00%
Median: 7.61%
Q1: 0.00%
Min: 0.00%

BHP (BHP) vs. Linde (LIN): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for BHP (BHP) and Linde (LIN)
Metric	BHP	LIN
Dividend Yield (TTM)	1.52%	1.30%
Dividend Payout Ratio (TTM)	54.64%	40.00%

Valuation

P/E Ratio (TTM)

Both BHP (BHP) at 21.53 and Linde (LIN) at 31.14 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

BHP

Materials industry group

21.53

Max: 53.30
Q3: 33.40
Median: 21.93
BHP: 21.53
Q1: 14.64
Min: 4.58

LIN

Materials industry group

31.14

Max: 53.30
Q3: 33.40
LIN: 31.14
Median: 21.93
Q1: 14.64
Min: 4.58

BHP (BHP) vs. Linde (LIN): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

BHP (BHP) at 4.08 is priced about in line with its industry on P/S ratio, while Linde (LIN) at 6.28 sits in the pricier quartile — LIN costs more per dollar of sales.

BHP

Materials industry group

4.08

Max: 10.44
Q3: 4.70
BHP: 4.08
Median: 2.06
Q1: 0.76
Min: 0.00

LIN

Materials industry group

6.28

Max: 10.44
LIN: 6.28
Q3: 4.70
Median: 2.06
Q1: 0.76
Min: 0.00

BHP (BHP) vs. Linde (LIN): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Both BHP (BHP) at 4.37 and Linde (LIN) at 5.69 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

BHP

Materials industry group

4.37

Max: 8.54
BHP: 4.37
Q3: 4.32
Median: 2.51
Q1: 1.49
Min: -0.26

LIN

Materials industry group

5.69

Max: 8.54
LIN: 5.69
Q3: 4.32
Median: 2.51
Q1: 1.49
Min: -0.26

BHP (BHP) vs. Linde (LIN): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for BHP (BHP) and Linde (LIN)
Metric	BHP	LIN
P/E Ratio (TTM)	21.53	31.14
P/S Ratio (TTM)	4.08	6.28
P/B Ratio (MRQ)	4.37	5.69
Free Cash Flow Yield (TTM)	3.69%	1.87%