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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) Operating Margin (2016 - 2025)

Air Products & Chemicals' Operating Margin history spans 17 years, with the latest figure at 23.67% for Q4 2025.

  • For Q4 2025, Operating Margin rose 172.0% year-over-year to 23.67%; the TTM value through Dec 2025 reached 6.44%, down 4336.0%, while the annual FY2025 figure was 7.29%, 4419.0% down from the prior year.
  • Operating Margin for Q4 2025 was 23.67% at Air Products & Chemicals, up from 0.53% in the prior quarter.
  • Across five years, Operating Margin topped out at 76.06% in Q3 2024 and bottomed at 79.83% in Q1 2025.
  • The 5-year median for Operating Margin is 21.73% (2021), against an average of 17.8%.
  • The largest annual shift saw Operating Margin skyrocketed 5292bps in 2024 before it tumbled -10158bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 17.47% in 2021, then grew by 18bps to 20.54% in 2022, then increased by 8bps to 22.25% in 2023, then dropped by -1bps to 21.95% in 2024, then grew by 8bps to 23.67% in 2025.
  • Per Business Quant, the three most recent readings for APD's Operating Margin are 23.67% (Q4 2025), 0.53% (Q3 2025), and 26.16% (Q2 2025).