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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Air Products & Chemicals (APD) Gross Margin (2016 - 2025)

Air Products & Chemicals' Gross Margin history spans 17 years, with the latest figure at 32.07% for Q4 2025.

  • For Q4 2025, Gross Margin rose 86.0% year-over-year to 32.07%; the TTM value through Dec 2025 reached 31.63%, down 92.0%, while the annual FY2025 figure was 31.41%, 108.0% down from the prior year.
  • Gross Margin for Q4 2025 was 32.07% at Air Products & Chemicals, down from 32.25% in the prior quarter.
  • Across five years, Gross Margin topped out at 33.98% in Q3 2024 and bottomed at 25.74% in Q4 2021.
  • The 5-year median for Gross Margin is 30.83% (2023), against an average of 30.17%.
  • The largest annual shift saw Gross Margin crashed -554bps in 2021 before it surged 518bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 25.74% in 2021, then increased by 10bps to 28.42% in 2022, then increased by 9bps to 31.03% in 2023, then grew by 1bps to 31.21% in 2024, then grew by 3bps to 32.07% in 2025.
  • Per Business Quant, the three most recent readings for APD's Gross Margin are 32.07% (Q4 2025), 32.25% (Q3 2025), and 32.51% (Q2 2025).