stockrowAir Products and Chemicals, Inc.
APD Basic Materials Specialty Chemicals
Air Products and Chemicals, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $12.0 billion, down 0.52% from fiscal 2024.
- Revenue
- +4.58%
- EPS
- −302.2%
- Free cash flow
- +180.1%
- Total debt
- +2.23%
Quarter to June 2026, against a year earlier
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Air Products and Chemicals, Inc. (APD) Gross margin
Air Products and Chemicals, Inc.'s gross margin over the twelve months to 30 June 2026 was 32.1%, up 0.7 percentage points from fiscal 2025 (31.4%). Over the past ten years it has ranged from 26.5% (fiscal 2022) to 33.9% (fiscal 2020); the current reading is higher than 73% of that period. That is above the Specialty Chemicals industry median of 27.8% and above the Basic Materials sector median of 25.0%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 31.4% | (1.08) |
| FY2024 | 32.5% | 2.59 |
| FY2023 | 29.9% | 3.44 |
| FY2022 | 26.5% | (3.93) |
| FY2021 | 30.4% | (3.46) |
| FY2020 | 33.9% | 0.85 |
| FY2019 | 33.0% | 2.31 |
| FY2018 | 30.7% | 0.94 |
| FY2017 | 29.8% | (1.25) |
| FY2016 | 31.0% | 2.55 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 32.8% | 1.64 |
| Mar 2026 | 31.1% | (0.94) |
| Dec 2025 | 32.1% | (0.18) |
| Sep 2025 | 32.3% | (0.26) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| SHW The Sherwin-Williams Company compare | 48.6% |
| LIN Linde PLC compare | 47.9% |
| ECL Ecolab Inc. compare | 43.9% |
| RPM RPM International Inc. compare | 41.2% |
| PPG PPG Industries, Inc. compare | 40.9% |
| IFF International Flavors & Fragrances Inc. compare | 36.5% |
| DD DuPont de Nemours, Inc. compare | 35.5% |
| APD Air Products and Chemicals, Inc. | 32.1% |
| LYB LyondellBasell Industries N.V. compare | 14.3% |
| Specialty Chemicals industry median | 27.8% |
| Basic Materials sector median | 25.0% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on APD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement