Air Products & Chemicals (APD) Net Margin (2009 - 2026)
Air Products & Chemicals (APD) posted Net Margin of -45.58% for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 69.20 percentage points from 23.61% a year earlier and down 67.98 percentage points from the prior quarter.
Air Products & Chemicals (APD) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Air Products & Chemicals was -0.38%, down 13.23 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was -3.28%, down 34.91 percentage points from FY2024.
- Annual Net Margin shows a five-year change of -24.58 percentage points (FY2020 to FY2025).
- In prior fiscal years, Air Products & Chemicals' Net Margin was 31.64% in FY2024 (+13.38 pp), 18.26% in FY2023 (+0.49 pp), 17.77% in FY2022 (-2.57 pp) and 20.33% in FY2021 (-0.97 pp).
- The fiscal Q3 2026 figure stands as the lowest quarterly Net Margin since fiscal Q2 2025.
- On a year-over-year basis, Net Margin increased in five of the last eight quarters, with an average year-over-year change of -10.76 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was fiscal Q2 2026, with a gain of 81.74 percentage points; the weakest was fiscal Q2 2025, with a drop of 78.88 percentage points.
- According to Business Quant data, Net Margin for the three prior fiscal quarters was 22.40% (Q2 2026), 21.86% (Q1 2026) and 0.15% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 218.21 Bn | 201.33 Bn | 4.43 Bn | 20.76% |
| 2 | Corning | 136.71 Bn | 129.84 Bn | 1.63 Bn | 12.41% |
| 3 | Sherwin Williams | 80.23 Bn | 79.27 Bn | 3.34 Bn | 12.43% |
| 4 | Air Products & Chemicals | 62.17 Bn | 60.07 Bn | 1.04 Bn | -45.58% |
| 5 | Corteva | 51.95 Bn | 40.75 Bn | 3.66 Bn | 18.20% |
| 6 | LyondellBasell Industries | 37.59 Bn | 27.21 Bn | 2.04 Bn | 6.08% |
| 7 | Nutrien | 34.30 Bn | 31.17 Bn | 3.25 Bn | 11.30% |
| 8 | Qnity Electronics | 26.28 Bn | 23.71 Bn | 666.00 Mn | 8.68% |
| 9 | Ati | 25.72 Bn | 23.87 Bn | 309.80 Mn | 11.97% |
| 10 | Ppg Industries | 23.55 Bn | 16.36 Bn | 1.81 Bn | 9.72% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -45.58% |
| Mar 31, 2026 | 22.40% |
| Dec 31, 2025 | 21.86% |
| Sep 30, 2025 | 0.15% |
| Jun 30, 2025 | 23.61% |
| Mar 31, 2025 | -59.34% |
| Dec 31, 2024 | 21.06% |
| Sep 30, 2024 | 61.17% |
| Jun 30, 2024 | 23.33% |
| Mar 31, 2024 | 19.53% |
| Dec 31, 2023 | 20.33% |
| Sep 30, 2023 | 21.70% |
| Jun 30, 2023 | 19.63% |
| Mar 31, 2023 | 13.74% |
| Dec 31, 2022 | 18.02% |
| Sep 30, 2022 | 16.33% |
| Jun 30, 2022 | 18.25% |
| Mar 31, 2022 | 18.01% |
| Dec 31, 2021 | 18.72% |
| Sep 30, 2021 | 21.48% |
Air Products & Chemicals Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "APD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();