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SAP vs. LIN
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

SAP vs. LIN - Performance Comparison

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

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SAP vs. LIN - Yearly Performance Comparison


2026 (YTD)20252024202320222021202020192018
SAP
SAP SE
-29.52%-0.48%61.27%52.30%-24.64%9.22%-1.28%36.43%-19.24%
LIN
Linde plc
16.66%3.22%3.18%27.66%-4.39%33.39%25.88%39.04%-7.11%

Fundamentals

Market Cap

SAP:

$200.66B

LIN:

$232.36B

EPS

SAP:

$6.22

LIN:

$14.73

PE Ratio

SAP:

27.53

LIN:

33.66

PEG Ratio

SAP:

0.59

LIN:

1.68

PS Ratio

SAP:

5.69

LIN:

6.87

PB Ratio

SAP:

4.49

LIN:

6.08

Total Revenue (TTM)

SAP:

$35.35B

LIN:

$33.99B

Gross Profit (TTM)

SAP:

$25.97B

LIN:

$14.73B

EBITDA (TTM)

SAP:

$12.65B

LIN:

$12.85B

Returns By Period

In the year-to-date period, SAP achieves a -29.52% return, which is significantly lower than LIN's 16.66% return.


SAP

1D
1.74%
1M
-15.04%
YTD
-29.52%
6M
-35.93%
1Y
-35.66%
3Y*
12.00%
5Y*
8.02%
10Y*
9.48%

LIN

1D
-0.70%
1M
-2.10%
YTD
16.66%
6M
5.11%
1Y
7.90%
3Y*
13.19%
5Y*
13.57%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

SAP vs. LIN — Risk / Return Rank

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

SAP
SAP Risk / Return Rank: 77
Overall Rank
SAP Sharpe Ratio Rank: 33
Sharpe Ratio Rank
SAP Sortino Ratio Rank: 66
Sortino Ratio Rank
SAP Omega Ratio Rank: 66
Omega Ratio Rank
SAP Calmar Ratio Rank: 1616
Calmar Ratio Rank
SAP Martin Ratio Rank: 55
Martin Ratio Rank

LIN
LIN Risk / Return Rank: 5353
Overall Rank
LIN Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
LIN Sortino Ratio Rank: 4848
Sortino Ratio Rank
LIN Omega Ratio Rank: 4747
Omega Ratio Rank
LIN Calmar Ratio Rank: 5454
Calmar Ratio Rank
LIN Martin Ratio Rank: 5656
Martin Ratio Rank
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.

SAP vs. LIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and Linde plc (LIN). 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.


SAPLINDifference

Sharpe ratio

Return per unit of total volatility

-1.09

0.40

-1.49

Sortino ratio

Return per unit of downside risk

-1.48

0.70

-2.18

Omega ratio

Gain probability vs. loss probability

0.80

1.09

-0.29

Calmar ratio

Return relative to maximum drawdown

-0.75

0.49

-1.24

Martin ratio

Return relative to average drawdown

-1.74

1.35

-3.09

SAP vs. LIN - Sharpe Ratio Comparison

The current SAP Sharpe Ratio is -1.09, which is lower than the LIN Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of SAP and LIN, 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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Sharpe Ratios by Period


SAPLINDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.09

0.40

-1.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.66

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.14

0.71

-0.57

Correlation

The correlation between SAP and LIN is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

SAP vs. LIN - Dividend Comparison

SAP's dividend yield for the trailing twelve months is around 1.48%, more than LIN's 1.23% yield.


TTM20252024202320222021202020192018201720162015
SAP
SAP SE
1.48%1.05%0.97%1.41%2.05%1.56%1.31%1.27%1.73%0.87%1.08%1.11%
LIN
Linde plc
1.23%1.41%1.33%1.24%1.43%1.22%1.46%1.64%0.53%0.00%0.00%0.00%

Drawdowns

SAP vs. LIN - Drawdown Comparison

The maximum SAP drawdown since its inception was -87.91%, which is greater than LIN's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for SAP and LIN.


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Drawdown Indicators


SAPLINDifference

Max Drawdown

Largest peak-to-trough decline

-87.91%

-32.59%

-55.32%

Max Drawdown (1Y)

Largest decline over 1 year

-47.42%

-19.18%

-28.24%

Max Drawdown (5Y)

Largest decline over 5 years

-47.42%

-22.82%

-24.60%

Max Drawdown (10Y)

Largest decline over 10 years

-51.31%

Current Drawdown

Current decline from peak

-45.11%

-2.34%

-42.77%

Average Drawdown

Average peak-to-trough decline

-28.13%

-5.52%

-22.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.38%

6.99%

+13.39%

Volatility

SAP vs. LIN - Volatility Comparison

SAP SE (SAP) has a higher volatility of 9.33% compared to Linde plc (LIN) at 5.73%. This indicates that SAP's price experiences larger fluctuations and is considered to be riskier than LIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


SAPLINDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.33%

5.73%

+3.60%

Volatility (6M)

Calculated over the trailing 6-month period

25.59%

13.17%

+12.42%

Volatility (1Y)

Calculated over the trailing 1-year period

32.74%

19.97%

+12.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.86%

20.69%

+7.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.81%

24.19%

+3.62%

Financials

SAP vs. LIN - Financials Comparison

This section allows you to compare key financial metrics between SAP SE 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


6.00B6.50B7.00B7.50B8.00B8.50B9.00B9.50BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
8.23B
8.76B
(SAP) Total Revenue
(LIN) Total Revenue
Values in USD except per share items

SAP vs. LIN - Profitability Comparison

The chart below illustrates the profitability comparison between SAP SE 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

30.0%40.0%50.0%60.0%70.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
73.8%
48.1%
Portfolio components
SAP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, SAP SE reported a gross profit of 6.08B and revenue of 8.23B. Therefore, the gross margin over that period was 73.8%.

LIN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Linde plc reported a gross profit of 4.22B and revenue of 8.76B. Therefore, the gross margin over that period was 48.1%.

SAP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, SAP SE reported an operating income of 2.61B and revenue of 8.23B, resulting in an operating margin of 31.7%.

LIN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Linde plc reported an operating income of 2.02B and revenue of 8.76B, resulting in an operating margin of 23.0%.

SAP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, SAP SE reported a net income of 1.83B and revenue of 8.23B, resulting in a net margin of 22.2%.

LIN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Linde plc reported a net income of 1.57B and revenue of 8.76B, resulting in a net margin of 18.0%.