TTM
32.0%
YoY change
−1.08pp
Trough year (2006)
25.9%
Peak year (1986)
53.7%
Latest annual
31.4%
Gross Margin history chart for Air Products and Chemicals (APD) from 1985 to 2025
Latest: 31.4%
Gross Margin change chart for Air Products and Chemicals (APD) from 1985 to 2025
Latest: −1.08pp
Gross Margin history table for Air Products and Chemicals (APD) from 1985 to 2025
| 2025 | 31.4% | -1.08pp | ||
| 2024 | 32.5% | +2.60pp | ||
| 2023 | 29.9% | +3.44pp | ||
| 2022 | 26.5% | -3.93pp | ||
| 2021 | 30.4% | -3.47pp | ||
| 2020 | 33.9% | +0.85pp | ||
| 2019 | 33.0% | +2.31pp | ||
| 2018 | 30.7% | +0.96pp | ||
| 2017 | 29.7% | -1.27pp | ||
| 2016 | 31.0% | +2.55pp | ||
| 2015 | 28.5% | +1.54pp | ||
| 2014 | 26.9% | +0.31pp | ||
| 2013 | 26.6% | -0.03pp | ||
| 2012 | 26.6% | -0.81pp | ||
| 2011 | 27.4% | -0.51pp | ||
| 2010 | 28.0% | +1.14pp | ||
| 2009 | 26.8% | +0.69pp | ||
| 2008 | 26.1% | -0.64pp | ||
| 2007 | 26.8% | +0.88pp | ||
| 2006 | 25.9% | -0.28pp | ||
| 2005 | 26.2% | -0.10pp | ||
| 2004 | 26.3% | -0.46pp | ||
| 2003 | 26.7% | -2.39pp | ||
| 2002 | 29.1% | +0.89pp | ||
| 2001 | 28.2% | -1.79pp | ||
| 2000 | 30.0% | -0.23pp | ||
| 1999 | 30.3% | -12.26pp | ||
| 1998 | 42.5% | +1.51pp | ||
| 1997 | 41.0% | +1.08pp | ||
| 1996 | 39.9% | -0.13pp | ||
| 1995 | 40.1% | +0.63pp | ||
| 1994 | 39.4% | -9.97pp | ||
| 1993 | 49.4% | -0.99pp | ||
| 1992 | 50.4% | -0.63pp | ||
| 1991 | 51.0% | +1.86pp | ||
| 1990 | 49.2% | -0.89pp | ||
| 1989 | 50.0% | -0.86pp | ||
| 1988 | 50.9% | -0.67pp | ||
| 1987 | 51.6% | -2.14pp | ||
| 1986 | 53.7% | +1.02pp | ||
| 1985 | 52.7% | — |
- 202531.4%-1.08pp
- 202432.5%+2.60pp
- 202329.9%+3.44pp
- 202226.5%-3.93pp
- 202130.4%-3.47pp
- 202033.9%+0.85pp
- 201933.0%+2.31pp
- 201830.7%+0.96pp
- 201729.7%-1.27pp
- 201631.0%+2.55pp
- 201528.5%+1.54pp
- 201426.9%+0.31pp
- 201326.6%-0.03pp
- 201226.6%-0.81pp
- 201127.4%-0.51pp
- 201028.0%+1.14pp
- 200926.8%+0.69pp
- 200826.1%-0.64pp
- 200726.8%+0.88pp
- 200625.9%-0.28pp
- 200526.2%-0.10pp
- 200426.3%-0.46pp
- 200326.7%-2.39pp
- 200229.1%+0.89pp
- 200128.2%-1.79pp
- 200030.0%-0.23pp
- 199930.3%-12.26pp
- 199842.5%+1.51pp
- 199741.0%+1.08pp
- 199639.9%-0.13pp
- 199540.1%+0.63pp
- 199439.4%-9.97pp
- 199349.4%-0.99pp
- 199250.4%-0.63pp
- 199151.0%+1.86pp
- 199049.2%-0.89pp
- 198950.0%-0.86pp
- 198850.9%-0.67pp
- 198751.6%-2.14pp
- 198653.7%+1.02pp
- 198552.7%—
Gross Margin values are taken from Air Products and Chemicals's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Air Products and Chemicals (APD)
According to Air Products and Chemicals's latest reported financial statements, the company's latest reported gross margin is 32.0%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual gross margin for Air Products and Chemicals (APD) came in at 31.41% – contracted 1.1 percentage points year-over-year.
1986 marks the peak gross margin at 53.72%, with the historical low of 25.90% recorded in 2006.
Air Products and Chemicals Gross Margin by Year
Air Products and Chemicals Gross Margin 2025: 31.4%
Air Products and Chemicals posted gross margin of 31.41% in 2025, contracted 1.1 percentage points from 2024.
Air Products and Chemicals Gross Margin 2024: 32.5%
In 2024, Air Products and Chemicals reported gross margin of 32.49%, expanded 2.6 percentage points from 2023.
Air Products and Chemicals Gross Margin 2023: 29.9%
Air Products and Chemicals gross margin in 2023 was 29.90%, expanded 3.4 percentage points from 2022.
Air Products and Chemicals Gross Margin 2022: 26.5%
2022's gross margin for Air Products and Chemicals came in at 26.46%, contracted 3.9 percentage points from 2021.
Air Products and Chemicals Gross Margin 2021: 30.4%
Air Products and Chemicals gross margin in 2021 was 30.39%.
See more financial history for Air Products and Chemicals (APD).
Sector peers by Gross Margin
Basic Materials peers of Air Products and Chemicals (APD), ranked by their latest gross margin
| 61.8% | |
| 60.4% | |
| 55.1% | |
| 49.1% | |
| 46.0% | |
| 44.3% | |
| 35.6% | |
| 27.8% |
- 55.1%
- 46.0%
- 44.3%
- 35.6%
Frequently asked questions
Air Products and Chemicals (APD) Key Financials
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