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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	127.8%+1.7pp	126.1%+12.8pp	113.3%+2.7pp	110.6%-16.2pp
Operating margin	54.5%-47.7pp	102.2%+26.9pp	75.3%-3.3pp	78.6%-14.5pp
Net margin	54.2%-37.8pp	92%+22.7pp	69.3%-7.1pp	76.4%-5.6pp
Returns
Return on equity	42.3%-33.0pp	75.3%+10.9pp	64.4%-2.8pp	67.2%+3.5pp
Return on invested capital	36.3%-39.0pp	75.3%+9.7pp	65.6%-13.0pp	78.6%-8.0pp
Efficiency
Asset turnover	1.3×-0.2×	1.5×-0.3×	1.8×0.0×	1.8×+0.2×
Liquidity
Current ratio	4.8×-1.3×	6.1×-0.6×	6.7×-1.4×	8.1×-3.9×
Leverage
Debt-to-equity	0.3×+0.1×	0.2×0.0×	0.2×+0.2×	0.1×0.0×
Net debt / EBITDA	-2.3×-0.8×	-1.5×-0.1×	-1.4×+1.3×	-2.7×+3.0×
Per Share
Book value per share	$278.050.0%	$277.97+9.7%	$253.46+3.4%	$245.22+4.9%
Valuation
Market capitalization	$253.34B+6.3%	$238.26B-9.0%	$261.7B+14.9%	$227.81B-6.4%
Price / sales	21×+1.5×	19.5×-0.8×	20.3×+0.7×	19.6×-5.9×
Price / book	16.4×+1.0×	15.4×-3.2×	18.6×+1.9×	16.7×-2.1×
EV / EBITDA	141.7×+89.6×	52.1×-16.0×	68.2×+8.2×	60×-4.0×
Dividend yield	10%-0.5pp	10.5%+1.6pp	8.9%-0.6pp	9.5%+1.6pp

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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.