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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

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−3.3%−7.3%31.4%
FY202431.6%36.9%32.5%
FY202318.3%19.8%29.9%
FY202217.8%18.4%26.5%
FY202120.3%22.1%30.4%
FY202021.3%25.3%33.9%
FY201919.7%24.0%33.0%
FY201816.8%22.0%30.7%
FY201736.6%17.6%29.8%
FY20168.4%20.4%31.0%
FY201512.9%17.3%29.9%
FY20149.5%12.7%26.9%
FY20139.8%13.0%26.6%
FY201212.1%13.3%26.6%
FY201112.7%15.6%27.6%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q3 FY26−0.4%−13.2 pts−4.7%
Q2 FY2616.9%+4.2 pts18.4%
Q1 FY26−2.7%−34.6 pts−6.4%
Q4 FY25−3.3%−34.9 pts−7.3%
Q3 FY2512.9%−8.4 pts12.7%
Q2 FY2512.8%−7.6 pts12.3%
Q1 FY2531.9%+13.1 pts36.9%
Q4 FY2431.6%+13.4 pts36.9%
Q3 FY2421.2%+4.4 pts23.0%
Q2 FY2420.3%+3.7 pts22.1%
Q1 FY2418.8%+1.2 pts20.2%
Q4 FY2318.3%+0.5 pts19.8%

Against its peers

Companies in Chemicals - Specialty nearest Air Products and Chemicals' size, closest first, today.

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.