Air Products and Chemicals APD Ratios & Valuation
| TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 126.9%-1.8pp | 126.9%-1.2pp | 127.8%+1.7pp | 128.9%+5.3pp | 128.7%+8.1pp | |
| Operating margin | 17%-92.1pp | 11%-108pp | 54.5%-47.7pp | 98.8%+13.7pp | 109.1%+28.6pp | |
| Net margin | 23.6%-73.9pp | 19.5%-85.6pp | 54.2%-37.8pp | 89.1%+10.5pp | 97.5%+23.2pp | |
| Returns | ||||||
| Return on equity | 19.4%-57.3pp | 15.9%-67.5pp | 42.3%-33.0pp | 69.2%+1.6pp | 76.7%+10.9pp | |
| Return on invested capital | 12.7%-62.6pp | 6.5%-77.0pp | 36.3%-39.0pp | 67.6%+1.1pp | 75.3%+10.0pp | |
| Efficiency | ||||||
| Asset turnover | 1.2×-0.1× | 1.2×-0.2× | 1.3×-0.2× | 1.3×-0.3× | 1.3×-0.3× | |
| Liquidity | ||||||
| Current ratio | 5.6×+0.7× | 5.1×-0.3× | 4.8×-1.3× | 4.9×-1.0× | 4.9×-1.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.2×0.0× | 0.3×+0.1× | 0.3×+0.1× | 0.3×0.0× | 0.2×0.0× | |
| Net debt / EBITDA | -2.5×-1.6× | -2.5×-1.2× | -2.3×-0.8× | -0.9×+0.3× | -0.9×+0.1× | |
| Per Share | ||||||
| Book value per share | $276.52-3.0% | $272.31-4.8% | $278.050.0% | $287.05+8.0% | $285.13+9.1% | |
| Valuation | ||||||
| Market capitalization | $242.89B-4.2% | $243.83B+0.8% | $253.34B+6.3% | $258.84B+10.1% | $253.67B+3.9% | |
| Price / sales | 19.9×-1.1× | 20.2×+0.2× | 21×+1.5× | 21.5×+2.4× | 21×+1.6× | |
| Price / book | 15.8×-0.2× | 16.1×+0.9× | 16.4×+1.0× | 16.2×+0.3× | 16×-0.8× | |
| EV / EBITDA | 197.2×+140× | 202.4×+155× | 141.7×+89.6× | 63.7×+6.2× | 56.9×-5.1× | |
| Dividend yield | 10.5%+0.6pp | 10.4%0.0pp | 10%-0.5pp | 9.7%-0.8pp | 9.9%-0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
