What are Air Products and Chemicals's profit margins?

Air Products and Chemicals (APD) runs a 32.0% gross margin and a 18.3% operating margin, with a 16.9% net margin.

Where do Air Products and Chemicals's ratios come from?

Every ratio is computed from Air Products and Chemicals's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Air Products and Chemicals APD Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Profitability
Gross margin	32%+0.4pp	31.6%+0.2pp	31.4%-0.5pp	31.9%-0.1pp	31.9%-0.6pp
Operating margin	18.3%+24.9pp	-6.6%+0.8pp	-7.4%-20.1pp	12.7%+0.4pp	12.3%-24.6pp
Net margin	16.9%+19.6pp	-2.8%+0.5pp	-3.3%-16.2pp	12.9%+0.1pp	12.8%-19.1pp
Returns
Return on equity	13.9%+16.0pp	-2.1%+0.4pp	-2.5%-12.6pp	10.1%-0.2pp	10.4%-14.0pp
Return on invested capital	15.1%+20.3pp	-5.2%+1.0pp	-6.2%-15.3pp	9.1%+0.2pp	8.9%-15.7pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	1.4×0.0×	1.5×+0.1×	1.4×+0.1×	1.3×+0.3×	1×-0.1×
Leverage
Debt-to-equity	0.1×0.0×	0×0.0×	0×0.0×	0.1×0.0×	0.1×+0.1×
Net debt / EBITDA	-0×+0.5×	-0.5×+1.2×	-1.7×-1.3×	-0.4×-0.3×	-0×+0.2×
Per Share
Book value per share	$70.21+1.5%	$69.14+2.5%	$67.47-3.2%	$69.71+5.6%	$65.99-11.9%
Valuation
Market capitalization	$64.68B+17.6%	$54.98B-9.4%	$60.69B-2.9%	$62.53B-4.7%	$65.61B+1.7%
Price / earnings	30.8×—	——	——	40.3×-2.5×	42.8×+26.0×
Price / sales	5.2×+0.7×	4.5×-0.5×	5×-0.1×	5.2×-0.3×	5.5×+0.1×
Price / book	4.1×+0.6×	3.6×-0.5×	4×0.0×	4×-0.4×	4.5×+0.6×
EV / EBITDA	16.8×-54.5×	71.4×-17.5×	88.9×+68.8×	20×-2.0×	22.1×+11.4×
Dividend yield	2.5%-0.4pp	2.9%+0.3pp	2.6%+0.1pp	2.5%+0.1pp	2.4%0.0pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Air Products and Chemicals.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are Air Products and Chemicals's profit margins?: Air Products and Chemicals (APD) runs a 32.0% gross margin and a 18.3% operating margin, with a 16.9% net margin.
Where do Air Products and Chemicals's ratios come from?: Every ratio is computed from Air Products and Chemicals's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.