LIN vs. SUZ: Linde vs. Suzano Stock Comparison

November 11, 2026

How do Linde (LIN) and Suzano (SUZ) 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

Linde (LIN) and Suzano (SUZ) both fall under the Materials industry group, but LIN is classified in Chemicals while SUZ is classified in Paper & Forest Products.

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

Company profile comparison for Linde (LIN) and Suzano (SUZ)
Profile Item	LIN	SUZ
Name	Linde plc	Suzano S.A. - Sponsored ADR
Country/Region	United Kingdom	Brazil
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Chemicals	Paper & Forest Products
GICS Sub-Industry	Industrial Gases	Paper Products
Market Capitalization	236.54 billion USD	11.90 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 17, 1992	November 4, 2008
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

LIN

SUZ

GSPC

Linde (LIN) vs. Suzano (SUZ), 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

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

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Linde (LIN) and Suzano (SUZ)
Metric	LIN	SUZ
Total Return (1Y)	25.64%	9.33%
Total Return (3Y, Annualized)	11.48%	-1.70%
Total Return (5Y, Annualized)	10.50%	4.04%

Risk Profile

Drawdown History

LIN

SUZ

GSPC

Linde (LIN) vs. Suzano (SUZ), 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

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

Risk Metrics

Risk profile metrics for Linde (LIN) and Suzano (SUZ)
Metric	LIN	SUZ
Volatility (1Y, Annualized)	19.00%	30.42%
Beta (5Y)	0.67	0.56
Max Drawdown (5Y)	-22.82%	-38.50%
Avg. Volume (3M)	2.05M	3.57M

Risk-Adjusted Performance

Risk-Return Positioning

LIN and SUZ 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 Linde (LIN) and Suzano (SUZ)
Metric	LIN	SUZ
Sharpe Ratio (1Y)	1.12	0.17
Sortino Ratio (1Y)	1.65	0.26

Profitability

ROE (TTM)

Both Linde (LIN) at 17.72% and Suzano (SUZ) at 16.20% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

LIN

Materials industry group

17.72%

Max: 52.88%
Q3: 19.49%
LIN: 17.72%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

SUZ

Materials industry group

16.20%

Max: 52.88%
Q3: 19.49%
SUZ: 16.20%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

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

Net Margin (TTM)

Linde (LIN) at 19.34% retains a top-quartile share of revenue as profit, ahead of Suzano (SUZ) at 15.94%, which keeps about the industry-typical share.

LIN

Materials industry group

19.34%

Max: 38.66%
LIN: 19.34%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

SUZ

Materials industry group

15.94%

Max: 38.66%
Q3: 15.98%
SUZ: 15.94%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

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

Operating Margin (TTM)

Both Linde (LIN) at 27.97% and Suzano (SUZ) at 9.76% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

LIN

Materials industry group

27.97%

Max: 66.70%
Q3: 28.92%
LIN: 27.97%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

SUZ

Materials industry group

9.76%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
SUZ: 9.76%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Linde (LIN) and Suzano (SUZ)
Metric	LIN	SUZ
ROE (TTM)	17.72%	16.20%
ROA (TTM)	7.17%	2.54%
Net Margin (TTM)	19.34%	15.94%
Operating Margin (TTM)	27.97%	9.76%
Gross Margin (TTM)	47.86%	26.68%

Growth

Revenue Growth

Both Linde (LIN) at 2.97% and Suzano (SUZ) at 5.72% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Only one side can be read here: Linde (LIN) reports EPS growth of 7.27%, ranked against its industry; Suzano (SUZ) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for Linde (LIN) and Suzano (SUZ)
Metric	LIN	SUZ
Revenue Growth (YoY)	2.97%	5.72%
Revenue Growth (3Y CAGR)	0.62%	0.19%
EPS Growth (YoY)	7.27%	--
EPS Growth (3Y CAGR)	21.08%	-14.94%

Financial Strength

Current Ratio (MRQ)

Suzano (SUZ) at 2.54 keeps current ratio within its industry’s typical mid-range, while Linde (LIN) at 0.86 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LIN.

LIN

Materials industry group

0.86

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
LIN: 0.86
Min: 0.16

SUZ

Materials industry group

2.54

Max: 5.96
Q3: 3.30
SUZ: 2.54
Median: 2.24
Q1: 1.45
Min: 0.16

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

Debt / Equity (MRQ)

Linde (LIN) at 0.65 carries an industry-typical debt-to-equity mix, while Suzano (SUZ) at 1.83 uses more debt funding than most peers.

LIN

Materials industry group

0.65

Max: 1.98
Q3: 0.89
LIN: 0.65
Median: 0.47
Q1: 0.13
Min: 0.00

SUZ

Materials industry group

1.83

Max: 1.98
SUZ: 1.83
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Linde (LIN) and Suzano (SUZ)
Metric	LIN	SUZ
Current Ratio (MRQ)	0.86	2.54
Debt / Equity (MRQ)	0.65	1.83
Net Debt / EBITDA	1.65	4.28

Dividends

Dividend Yield (TTM)

Both Linde (LIN) at 1.21% and Suzano (SUZ) at 0.05% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

LIN

Materials industry group

1.21%

Max: 4.52%
Q3: 1.85%
LIN: 1.21%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

SUZ

Materials industry group

0.05%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
SUZ: 0.05%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Suzano (SUZ) at 17.55% pays out a band-typical share of earnings, while Linde (LIN) at 41.83% distributes more than its industry norm — less retained, thinner cover.

LIN

Materials industry group

41.83%

Max: 83.62%
LIN: 41.83%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

SUZ

Materials industry group

17.55%

Max: 83.62%
Q3: 41.37%
SUZ: 17.55%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Linde (LIN) and Suzano (SUZ)
Metric	LIN	SUZ
Dividend Yield (TTM)	1.21%	0.05%
Dividend Payout Ratio (TTM)	41.83%	17.55%

Valuation

P/E Ratio (TTM)

Suzano (SUZ) at 7.49 sits in the cheaper P/E ratio quartile, while Linde (LIN) at 34.21 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

LIN

Materials industry group

34.21

Max: 59.00
LIN: 34.21
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

SUZ

Materials industry group

7.49

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
SUZ: 7.49
Min: 3.93

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

P/S Ratio (TTM)

Suzano (SUZ) at 0.23 looks cheap on sales in the lower P/S ratio quartile, while Linde (LIN) at 6.53 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

LIN

Materials industry group

6.53

Max: 9.62
LIN: 6.53
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

SUZ

Materials industry group

0.23

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
SUZ: 0.23
Min: 0.00

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

P/B Ratio (MRQ)

Suzano (SUZ) at 1.16 looks cheap against book in the lower P/B ratio quartile, while Linde (LIN) at 6.00 carries a premium in the upper quartile — a clear price-to-book gap.

LIN

Materials industry group

6.00

Max: 6.59
LIN: 6.00
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

SUZ

Materials industry group

1.16

Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
SUZ: 1.16
Min: -0.17

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

Valuation Metrics

Valuation metrics for Linde (LIN) and Suzano (SUZ)
Metric	LIN	SUZ
P/E Ratio (TTM)	34.21	7.49
P/S Ratio (TTM)	6.53	0.23
P/B Ratio (MRQ)	6.00	1.16
Free Cash Flow Yield (TTM)	1.77%	-7.73%