Air Products & Chemicals (APD) Gross Margin (2009 - 2026)
Air Products & Chemicals (APD) posted Gross Margin of 32.77% for Q2 2026, up 5.28% sequentially from 31.13% in Q1 2026, and up 27.0% YoY from 25.81% in Q2 2025.
Air Products & Chemicals (APD) Gross Margin (2009 - 2026) Analysis & Trends
Air Products & Chemicals has reported Gross Margin for 18 years, with the latest figure at 32.77% in Q2 2026.
- Quarterly Gross Margin rose 27.0% year-over-year to 32.77% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 32.06% (up 19.0% YoY) and the FY2025 annual result came in at 31.41%, down 108.0% from the prior year.
- Gross Margin grew to 32.77% in Q2 2026 per APD's latest filing, from 31.13% in the prior quarter.
- Over five years, Gross Margin peaked at 33.98% in Q3 2024 and troughed at 26.56% in Q2 2022.
- A 5-year average of 30.62% and a median of 31.17% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 426 bps in 2022, then soared 518 bps in 2023.
- Over 5 years, Gross Margin stood at 28.42% in 2022, then rose by 9 bps to 31.03% in 2023, then increased by 1 bps to 31.21% in 2024, then increased by 3 bps to 32.07% in 2025, then grew by 2 bps to 32.77% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 32.77%, 31.13%, and 32.07% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 225.67 Bn | 220.77 Bn | 4.43 Bn | 47.67% |
| 2 | Sherwin Williams | 84.74 Bn | 84.44 Bn | 3.34 Bn | 49.17% |
| 3 | Ecolab | 78.90 Bn | 73.77 Bn | 1.95 Bn | 44.07% |
| 4 | Air Products & Chemicals | 68.19 Bn | 67.21 Bn | 1.04 Bn | 32.77% |
| 5 | Ppg Industries | 25.36 Bn | 23.77 Bn | 1.81 Bn | 40.22% |
| 6 | Chemical & Mining Co Of Chile | 23.48 Bn | 19.61 Bn | 778.60 Mn | 44.24% |
| 7 | LyondellBasell Industries | 21.91 Bn | 19.28 Bn | 2.04 Bn | 22.21% |
| 8 | International Flavors & Fragrances | 21.51 Bn | 20.94 Bn | 853.00 Mn | 43.65% |
| 9 | DuPont de Nemours | 18.83 Bn | 17.09 Bn | 639.00 Mn | 35.13% |
| 10 | Albemarle | 16.94 Bn | 15.31 Bn | 590.30 Mn | 33.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.77% |
| Mar 31, 2026 | 31.13% |
| Dec 31, 2025 | 32.07% |
| Sep 30, 2025 | 32.25% |
| Jun 30, 2025 | 32.51% |
| Mar 31, 2025 | 29.57% |
| Dec 31, 2024 | 31.21% |
| Sep 30, 2024 | 33.98% |
| Jun 30, 2024 | 32.82% |
| Mar 31, 2024 | 32.04% |
| Dec 31, 2023 | 31.03% |
| Sep 30, 2023 | 30.84% |
| Jun 30, 2023 | 31.75% |
| Mar 31, 2023 | 28.66% |
| Dec 31, 2022 | 28.42% |
| Sep 30, 2022 | 26.58% |
| Jun 30, 2022 | 26.56% |
| Mar 31, 2022 | 26.94% |
| Dec 31, 2021 | 25.74% |
| Sep 30, 2021 | 29.38% |