LIN vs. PLUG

Last updated Apr 1, 2026

Compare and contrast key facts about Linde plc (LIN) and Plug Power Inc. (PLUG).

Performance

LIN vs. PLUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Linde plc (LIN) and Plug Power Inc. (PLUG). The values are adjusted to include any dividend payments, if applicable.

LIN vs. PLUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LIN Linde plc	16.66%	3.22%	3.18%	27.66%	-4.39%	33.39%	25.88%	39.04%	-7.11%
PLUG Plug Power Inc.	14.72%	-7.51%	-52.67%	-63.62%	-56.18%	-16.75%	973.10%	154.84%	-35.75%

Fundamentals

EPS LIN : $14.73 PLUG : -$1.03
PS Ratio LIN : 6.87 PLUG : 2.42
Total Revenue (TTM) LIN : $33.99B PLUG : $709.92M
Gross Profit (TTM) LIN : $14.73B PLUG : $708.24M
EBITDA (TTM) LIN : $12.85B PLUG : -$706.05M

Returns By Period

In the year-to-date period, LIN achieves a 16.66% return, which is significantly higher than PLUG's 14.72% return.

LIN

• 1D: -0.70%
• 1M: -2.10%
• YTD: 16.66%
• 6M: 5.11%
• 1Y: 7.90%
• 3Y*: 13.19%
• 5Y*: 13.57%
• 10Y*: —

PLUG

• 1D: 5.61%
• 1M: 26.26%
• YTD: 14.72%
• 6M: -3.00%
• 1Y: 67.41%
• 3Y*: -42.23%
• 5Y*: -42.27%
• 10Y*: 1.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LIN vs. PLUG — Risk / Return Rank

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

LIN

LIN Risk / Return Rank: 53
LIN Sharpe Ratio Rank: 57
LIN Sortino Ratio Rank: 48
LIN Omega Ratio Rank: 47
LIN Calmar Ratio Rank: 54
LIN Martin Ratio Rank: 56

PLUG

PLUG Risk / Return Rank: 67
PLUG Sharpe Ratio Rank: 64
PLUG Sortino Ratio Rank: 76
PLUG Omega Ratio Rank: 67
PLUG Calmar Ratio Rank: 68
PLUG Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LIN vs. PLUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Linde plc (LIN) and Plug Power Inc. (PLUG). 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.

	LIN	PLUG	Difference
Sharpe ratio Return per unit of total volatility	0.40	0.59	-0.19
Sortino ratio Return per unit of downside risk	0.70	1.85	-1.15
Omega ratio Gain probability vs. loss probability	1.09	1.19	-0.11
Calmar ratio Return relative to maximum drawdown	0.49	1.21	-0.72
Martin ratio Return relative to average drawdown	1.35	1.97	-0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIN vs. PLUG - Sharpe Ratio Comparison

The current LIN Sharpe Ratio is 0.40, which is lower than the PLUG Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of LIN and PLUG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LIN	PLUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	0.59	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	-0.45	+1.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	-0.15	+0.87

Correlation

The correlation between LIN and PLUG is 0.23, 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.

Dividends

LIN vs. PLUG - Dividend Comparison

LIN's dividend yield for the trailing twelve months is around 1.23%, while PLUG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
LIN Linde plc	1.23%	1.41%	1.33%	1.24%	1.43%	1.22%	1.46%	1.64%	0.53%
PLUG Plug Power Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

LIN vs. PLUG - Drawdown Comparison

The maximum LIN drawdown since its inception was -32.59%, smaller than the maximum PLUG drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for LIN and PLUG.

Drawdown Indicators

	LIN	PLUG	Difference
Max Drawdown Largest peak-to-trough decline	-32.59%	-99.99%	+67.40%
Max Drawdown (1Y) Largest decline over 1 year	-19.18%	-56.66%	+37.48%
Max Drawdown (5Y) Largest decline over 5 years	-22.82%	-98.43%	+75.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-99.04%	—
Current Drawdown Current decline from peak	-2.34%	-99.85%	+97.51%
Average Drawdown Average peak-to-trough decline	-5.52%	-96.20%	+90.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.99%	34.79%	-27.80%

Volatility

LIN vs. PLUG - Volatility Comparison

The current volatility for Linde plc (LIN) is 5.73%, while Plug Power Inc. (PLUG) has a volatility of 29.77%. This indicates that LIN experiences smaller price fluctuations and is considered to be less risky than PLUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIN	PLUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	29.77%	-24.04%
Volatility (6M) Calculated over the trailing 6-month period	13.17%	72.75%	-59.58%
Volatility (1Y) Calculated over the trailing 1-year period	19.97%	115.40%	-95.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	94.13%	-73.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.19%	88.56%	-64.37%

Financials