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Saturday 17 October 2026 Export APD’s income statement to Excel — free account

Air 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. In the quarter to June 2026, revenue grew 4.58%, EPS fell 302.2%, free cash flow grew 180.1% and total debt rose 2.23%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

299.59 2.99 +1.01%
Market cap
$66.1B
P/E
0.0×
Fwd P/E
21.5×
Dividend yield
2.41%
F-score
2/9
Altman Z
2.41
Beneish M
−2.87
Dividend safety
20/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Air Products and Chemicals, Inc. (APD) Gross margin

Alert me on 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 29.2% and above the Basic Materials sector median of 25.1%.

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

Against its own ten years

Low 26.5% High 33.9%
Ten-year median 30.7%
Current reading's percentile 76

Gross margin against peers

Company Gross margin
SHW The Sherwin-Williams Company compare 49.0%
LIN Linde PLC compare 48.4%
ECL Ecolab Inc. compare 44.1%
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 35.1%
APD Air Products and Chemicals, Inc. 32.1%
LYB LyondellBasell Industries N.V. compare 12.8%
Specialty Chemicals industry median 29.2%
Basic Materials sector median 25.1%
Market median 46.2%

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

The full definition of Gross margin →

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