Air Products and Chemicals profit margin APD
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- −0.4%
- Operating margin, 12 months
- −4.7%
- Net margin on a year earlier
- −13.2 pts
- Peer median
- 9.2%
Over the twelve months to Jun 30, 2026, Air Products and Chemicals kept −0.4% of its revenue as net profit, with an operating margin of −4.7% and a gross margin of 32.1%.
Five years earlier its net margin was 20.2%.
The median for 10 specialty chemicals stocks of a similar size is 9.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −3.3% | −7.3% | 31.4% |
| FY2024 | 31.6% | 36.9% | 32.5% |
| FY2023 | 18.3% | 19.8% | 29.9% |
| FY2022 | 17.8% | 18.4% | 26.5% |
| FY2021 | 20.3% | 22.1% | 30.4% |
| FY2020 | 21.3% | 25.3% | 33.9% |
| FY2019 | 19.7% | 24.0% | 33.0% |
| FY2018 | 16.8% | 22.0% | 30.7% |
| FY2017 | 36.6% | 17.6% | 29.8% |
| FY2016 | 8.4% | 20.4% | 31.0% |
| FY2015 | 12.9% | 17.3% | 29.9% |
| FY2014 | 9.5% | 12.7% | 26.9% |
| FY2013 | 9.8% | 13.0% | 26.6% |
| FY2012 | 12.1% | 13.3% | 26.6% |
| FY2011 | 12.7% | 15.6% | 27.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | −0.4% | −13.2 pts | −4.7% | |
| Q2 FY26 | 16.9% | +4.2 pts | 18.4% | |
| Q1 FY26 | −2.7% | −34.6 pts | −6.4% | |
| Q4 FY25 | −3.3% | −34.9 pts | −7.3% | |
| Q3 FY25 | 12.9% | −8.4 pts | 12.7% | |
| Q2 FY25 | 12.8% | −7.6 pts | 12.3% | |
| Q1 FY25 | 31.9% | +13.1 pts | 36.9% | |
| Q4 FY24 | 31.6% | +13.4 pts | 36.9% | |
| Q3 FY24 | 21.2% | +4.4 pts | 23.0% | |
| Q2 FY24 | 20.3% | +3.7 pts | 22.1% | |
| Q1 FY24 | 18.8% | +1.2 pts | 20.2% | |
| Q4 FY23 | 18.3% | +0.5 pts | 19.8% |
Against its peers
Companies in Chemicals - Specialty nearest Air Products and Chemicals' size, closest first, today.
| Company | Profit margin |
|---|---|
| APDAir Products and Chemicals | −0.4% |
| ECLEcolab | 12.6% |
| SHWSherwin-Williams | 11.0% |
| PPGPPG Industries | 9.6% |
| IFFInternational Flavors & Fragrances | 2.9% |
| LYBLyondellBasell Industries | −1.1% |
| LINLinde | 20.4% |
| RPMRPM International | 8.7% |
| CLXClorox | 8.7% |
| NEUNewmarket | 15.8% |
| AXTAAxalta Coating Systems | 6.8% |
| Peer median | 9.2% |
Where Air Products and Chemicals ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Air Products and Chemicals
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.