Air Products & Chemicals (APD) Gross Margin (2009 - 2026)
Air Products & Chemicals recorded quarterly Gross Margin of 31.13% in Q1 2026, down 2.93% quarter-over-quarter from 32.07% in Q4 2025, and up 156.0% year-over-year from 12.16% in Q1 2025.
Air Products & Chemicals' Gross Margin history runs 18 years deep, the most recent figure standing at 31.13% for Q1 2026.
- In Q1 2026, Gross Margin rose 156.0% year-over-year to 31.13%; the TTM figure through Mar 2026 stood at 31.98% (up 4.0% YoY), while the FY2025 annual figure was 31.41%, down 108.0% from the prior year.
- Gross Margin came in at 31.13% for Q1 2026 at Air Products & Chemicals, down from 32.07% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 33.98% in Q3 2024 to a low of 26.56% in Q2 2022.
- A 5-year average of 30.49% and a median of 31.13% in 2026 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 426 bps in 2022 and surged 518 bps in 2023, its largest moves.
- Air Products & Chemicals' Gross Margin stood at 28.42% in 2022, then increased by 9 bps to 31.03% in 2023, then grew by 1 bps to 31.21% in 2024, then grew by 3 bps to 32.07% in 2025, then retreated by 3 bps to 31.13% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 31.13%, 32.07%, and 32.25% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 230.79 Bn | 226.84 Bn | 4.26 Bn | 48.49% |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | 44.24% |
| 3 | Sherwin Williams | 72.51 Bn | 72.30 Bn | 2.78 Bn | 49.07% |
| 4 | Ecolab | 70.96 Bn | 70.34 Bn | 1.85 Bn | 44.03% |
| 5 | Air Products & Chemicals | 62.15 Bn | 63.70 Bn | 987.40 Mn | 31.13% |
| 6 | Ppg Industries | 25.04 Bn | 23.57 Bn | 1.66 Bn | 42.11% |
| 7 | LyondellBasell Industries | 21.62 Bn | 21.73 Bn | 701.00 Mn | 9.74% |
| 8 | Albemarle | 20.26 Bn | 19.42 Bn | 500.97 Mn | 35.06% |
| 9 | DuPont de Nemours | 19.45 Bn | 19.56 Bn | 602.00 Mn | 35.81% |
| 10 | International Flavors & Fragrances | 19.02 Bn | 18.49 Bn | 1.02 Bn | 37.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 30.82% |
| Mar 31, 2021 | 30.24% |
| Dec 31, 2020 | 31.27% |
| Sep 30, 2020 | 32.48% |
| Jun 30, 2020 | 34.88% |
| Mar 31, 2020 | 34.12% |
| Dec 31, 2019 | 34.07% |
| Sep 30, 2019 | 34.71% |
| Jun 30, 2019 | 34.08% |
| Mar 31, 2019 | 32.59% |
| Dec 31, 2018 | 30.58% |
| Sep 30, 2018 | 98.95% |
| Jun 30, 2018 | 31.59% |
| Mar 31, 2018 | 30.12% |
| Dec 31, 2017 | 29.09% |
| Sep 30, 2017 | 29.87% |
| Jun 30, 2017 | 29.97% |
| Mar 31, 2017 | 29.10% |
| Dec 31, 2016 | 30.06% |
| Sep 30, 2016 | 30.70% |
| Jun 30, 2016 | 31.04% |
| Mar 31, 2016 | 31.75% |
| Dec 31, 2015 | 30.56% |
| Sep 30, 2015 | 85.50% |
| Jun 30, 2015 | 30.56% |
| Mar 31, 2015 | 29.67% |
| Dec 31, 2014 | 28.50% |
| Sep 30, 2014 | 27.99% |
| Jun 30, 2014 | 27.17% |
| Mar 31, 2014 | 25.73% |
| Dec 31, 2013 | 26.70% |
| Jun 30, 2013 | 26.37% |
| Mar 31, 2013 | 26.99% |
| Dec 31, 2012 | 25.85% |
| Sep 30, 2012 | 26.20% |
| Jun 30, 2012 | 27.75% |
| Mar 31, 2012 | 26.81% |
| Dec 31, 2011 | 25.81% |
| Sep 30, 2011 | 25.99% |
| Jun 30, 2011 | 26.14% |
| Mar 31, 2011 | 27.25% |
| Dec 31, 2010 | 24.95% |
| Sep 30, 2010 | 37.03% |
| Jun 30, 2010 | 28.47% |
| Mar 31, 2010 | 27.58% |
| Dec 31, 2009 | 27.83% |
| Sep 30, 2009 | 27.44% |
| Jun 30, 2009 | 27.77% |
| Mar 31, 2009 | 26.36% |