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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) Net margin

Alert me on Net margin

Air Products and Chemicals, Inc.'s net margin over the twelve months to 30 June 2026 was −0.38%, up 2.9 percentage points from fiscal 2025 (−3.28%). Over the past ten years it has ranged from −3.28% (fiscal 2025) to 36.7% (fiscal 2017) — the current reading is the lowest in ten years. That is below the Specialty Chemicals industry median of 2.89% and below the Basic Materials sector median of 0.66%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −3.28% (34.92)
FY2024 31.6% 13.38
FY2023 18.3% 0.49
FY2022 17.8% (2.56)
FY2021 20.3% (0.97)
FY2020 21.3% 1.57
FY2019 19.7% 2.96
FY2018 16.8% (19.88)
FY2017 36.7% 28.24
FY2016 8.41% (7.92)

Quarterly newest first

Period Net margin Change (points)
Jun 2026 −45.6% (67.98)
Mar 2026 22.4% 0.54
Dec 2025 21.9% 21.71
Sep 2025 0.15% (23.46)
42 more quarters

Against its own ten years

Low −3.28% High 36.7%
Ten-year median 18.3%
Current reading's percentile 7

Net margin against peers

Company Net margin
LIN Linde PLC compare 20.4%
ECL Ecolab Inc. compare 12.6%
SHW The Sherwin-Williams Company compare 11.0%
PPG PPG Industries, Inc. compare 9.57%
RPM RPM International Inc. compare 8.63%
IFF International Flavors & Fragrances Inc. compare 2.56%
DD DuPont de Nemours, Inc. compare 0.79%
APD Air Products and Chemicals, Inc. −0.38%
LYB LyondellBasell Industries N.V. compare −1.13%
Specialty Chemicals industry median 2.89%
Basic Materials sector median 0.66%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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