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Gross margin at other companies

Linde logo
LindeLIN
48.8%+0.5pp
CF Industries logo
CF IndustriesCF
39.1%+2.9pp
IR
Ingersoll RandIR
43.2%-0.6pp
Oneok logo
OneokOKE
29.6%-6.0pp
Atmos Energy logo
Atmos EnergyATO
75.1%+15.5pp
Quanta Services logo
Quanta ServicesPWR
15.1%+0.1pp

Other financials

Income statement

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Revenue$3.2B+8.8%
Gross profit$987.4M+14.5%
Operating income$752.7M+132%
Net income$710.4M+141%
EPS (diluted)$3.19+141%

Balance sheet

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Cash & equivalents$951.0M-36.2%
Total debt$914.5M-35.2%
Total equity$15.6B+6.4%
Total assets$41.6B+7.1%

Cash flow

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Operating cash flow$1.1B+236%
CapEx$1.1B-41.4%
Free cash flow-$3.9M+99.8%

Valuation

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Market cap$62.74B-1.4%
Enterprise value$62.7B-1.4%
P/E29.8×-11.7×
P/S-0.3×

Profitability

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Operating margin18.3%+6.0pp
Net margin16.9%+4.1pp

Returns & leverage

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Return on equity13.9%+3.5pp
Debt / equity0.1×0.0×
Current ratio1.4×+0.4×

Where this comes from

Calculated from Air Products and Chemicals’s reported figures.

Based on trailing twelve months.

The official record: Air Products and Chemicals’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Air Products and Chemicals's gross margin?
Air Products and Chemicals (APD) reported gross margin of 32% in Q1 2026.
How has Air Products and Chemicals's gross margin changed year-over-year?
Air Products and Chemicals's gross margin increased by 0.1% year-over-year, from 31.9% to 32%.
What is the long-term trend for Air Products and Chemicals's gross margin?
Over 4 years (2021 to 2025), Air Products and Chemicals's gross margin has grown at a 0.2% compound annual growth rate (CAGR), from 126.8% to 127.8%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.