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AHT.L vs. LIN.DE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between AHT.L and LIN.DE is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

AHT.L vs. LIN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ashtead Group plc (AHT.L) and Linde PLC (LIN.DE). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

AHT.L:

-0.49

LIN.DE:

-0.03

Sortino Ratio

AHT.L:

-0.40

LIN.DE:

0.09

Omega Ratio

AHT.L:

0.94

LIN.DE:

1.01

Calmar Ratio

AHT.L:

-0.33

LIN.DE:

-0.02

Martin Ratio

AHT.L:

-0.67

LIN.DE:

-0.05

Ulcer Index

AHT.L:

20.80%

LIN.DE:

5.76%

Daily Std Dev

AHT.L:

31.75%

LIN.DE:

17.02%

Max Drawdown

AHT.L:

-98.94%

LIN.DE:

-36.72%

Current Drawdown

AHT.L:

-28.27%

LIN.DE:

-9.71%

Fundamentals

Market Cap

AHT.L:

£18.77B

LIN.DE:

€188.94B

EPS

AHT.L:

£2.55

LIN.DE:

€8.07

PE Ratio

AHT.L:

17.18

LIN.DE:

33.69

PEG Ratio

AHT.L:

1.22

LIN.DE:

2.58

PS Ratio

AHT.L:

1.72

LIN.DE:

6.78

PB Ratio

AHT.L:

3.25

LIN.DE:

5.77

Total Revenue (TTM)

AHT.L:

£8.26B

LIN.DE:

€33.02B

Gross Profit (TTM)

AHT.L:

£7.29B

LIN.DE:

€14.02B

EBITDA (TTM)

AHT.L:

£3.86B

LIN.DE:

€12.59B

Returns By Period

In the year-to-date period, AHT.L achieves a -7.54% return, which is significantly lower than LIN.DE's 0.14% return. Over the past 10 years, AHT.L has outperformed LIN.DE with an annualized return of 16.89%, while LIN.DE has yielded a comparatively lower 16.03% annualized return.


AHT.L

YTD

-7.54%

1M

4.42%

6M

-9.74%

1Y

-15.59%

3Y*

10.87%

5Y*

12.92%

10Y*

16.89%

LIN.DE

YTD

0.14%

1M

-1.74%

6M

-1.52%

1Y

-0.43%

3Y*

14.85%

5Y*

18.15%

10Y*

16.03%

*Annualized

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Ashtead Group plc

Linde PLC

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

AHT.L vs. LIN.DE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHT.L
The Risk-Adjusted Performance Rank of AHT.L is 2424
Overall Rank
The Sharpe Ratio Rank of AHT.L is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of AHT.L is 2222
Sortino Ratio Rank
The Omega Ratio Rank of AHT.L is 2121
Omega Ratio Rank
The Calmar Ratio Rank of AHT.L is 2626
Calmar Ratio Rank
The Martin Ratio Rank of AHT.L is 3232
Martin Ratio Rank

LIN.DE
The Risk-Adjusted Performance Rank of LIN.DE is 4141
Overall Rank
The Sharpe Ratio Rank of LIN.DE is 4545
Sharpe Ratio Rank
The Sortino Ratio Rank of LIN.DE is 3535
Sortino Ratio Rank
The Omega Ratio Rank of LIN.DE is 3535
Omega Ratio Rank
The Calmar Ratio Rank of LIN.DE is 4646
Calmar Ratio Rank
The Martin Ratio Rank of LIN.DE is 4646
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AHT.L vs. LIN.DE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashtead Group plc (AHT.L) and Linde PLC (LIN.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current AHT.L Sharpe Ratio is -0.49, which is lower than the LIN.DE Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of AHT.L and LIN.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

AHT.L vs. LIN.DE - Dividend Comparison

AHT.L's dividend yield for the trailing twelve months is around 2.12%, more than LIN.DE's 1.50% yield.


TTM20242023202220212020201920182017201620152014
AHT.L
Ashtead Group plc
2.12%1.62%1.45%1.41%0.71%1.18%1.66%2.02%1.38%1.42%1.36%1.00%
LIN.DE
Linde PLC
1.50%1.42%1.40%1.56%1.41%1.77%1.83%2.33%2.41%2.85%3.58%2.59%

Drawdowns

AHT.L vs. LIN.DE - Drawdown Comparison

The maximum AHT.L drawdown since its inception was -98.94%, which is greater than LIN.DE's maximum drawdown of -36.72%. Use the drawdown chart below to compare losses from any high point for AHT.L and LIN.DE.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

AHT.L vs. LIN.DE - Volatility Comparison

Ashtead Group plc (AHT.L) has a higher volatility of 8.43% compared to Linde PLC (LIN.DE) at 3.33%. This indicates that AHT.L's price experiences larger fluctuations and is considered to be riskier than LIN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Financials

AHT.L vs. LIN.DE - Financials Comparison

This section allows you to compare key financial metrics between Ashtead Group plc and Linde PLC. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.002.00B4.00B6.00B8.00B10.00B12.00BJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
2.57B
8.11B
(AHT.L) Total Revenue
(LIN.DE) Total Revenue
Please note, different currencies. AHT.L values in GBp, LIN.DE values in EUR

AHT.L vs. LIN.DE - Profitability Comparison

The chart below illustrates the profitability comparison between Ashtead Group plc and Linde PLC over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

40.0%50.0%60.0%70.0%80.0%90.0%JulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
88.3%
48.8%
(AHT.L) Gross Margin
(LIN.DE) Gross Margin
AHT.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Ashtead Group plc reported a gross profit of 2.27B and revenue of 2.57B. Therefore, the gross margin over that period was 88.3%.

LIN.DE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Linde PLC reported a gross profit of 3.96B and revenue of 8.11B. Therefore, the gross margin over that period was 48.8%.

AHT.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Ashtead Group plc reported an operating income of 549.80M and revenue of 2.57B, resulting in an operating margin of 21.4%.

LIN.DE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Linde PLC reported an operating income of 2.18B and revenue of 8.11B, resulting in an operating margin of 26.9%.

AHT.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Ashtead Group plc reported a net income of 309.70M and revenue of 2.57B, resulting in a net margin of 12.1%.

LIN.DE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Linde PLC reported a net income of 1.67B and revenue of 8.11B, resulting in a net margin of 20.6%.