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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) Operating margin

Alert me on Operating margin

Air Products and Chemicals, Inc.'s operating margin over the twelve months to 30 June 2026 was −4.71%, up 2.6 percentage points from fiscal 2025 (−7.29%). Over the past ten years it has ranged from −7.29% (fiscal 2025) to 36.9% (fiscal 2024) — the current reading is the lowest in ten years. That is below the Specialty Chemicals industry median of 3.63% and below the Basic Materials sector median of 0.82%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −7.29% (44.20)
FY2024 36.9% 17.11
FY2023 19.8% 1.38
FY2022 18.4% (3.68)
FY2021 22.1% (3.17)
FY2020 25.3% 1.23
FY2019 24.0% 2.03
FY2018 22.0% 4.42
FY2017 17.6% (2.87)
FY2016 20.5% 4.70

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 −66.3% (90.07)
Mar 2026 23.7% 0.06
Dec 2025 23.7% 23.14
Sep 2025 0.53% (25.63)
42 more quarters

Against its own ten years

Low −7.29% High 36.9%
Ten-year median 20.5%
Current reading's percentile 7

Operating margin against peers

Company Operating margin
LIN Linde PLC compare 26.5%
ECL Ecolab Inc. compare 16.9%
SHW The Sherwin-Williams Company compare 16.4%
PPG PPG Industries, Inc. compare 13.4%
RPM RPM International Inc. compare 12.6%
DD DuPont de Nemours, Inc. compare 9.90%
IFF International Flavors & Fragrances Inc. compare 7.48%
LYB LyondellBasell Industries N.V. compare 3.09%
APD Air Products and Chemicals, Inc. −4.71%
Specialty Chemicals industry median 3.63%
Basic Materials sector median 0.82%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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