What is the current annual gross margin of APD?

As of today, APD annual gross margin is 31.41%

What is 1-year change in APD annual gross margin?

APD annual gross margin is down -3.38% year-over-year

What is 3-year change in APD annual gross margin?

APD annual gross margin is up +18.71% over the past 3 years

How far is APD annual gross margin from its all-time high?

APD annual gross margin is currently -25.53% below its historical high of 42.18% set on September 30, 1986

How does APD annual gross margin rank versus sector peers?

APD annual gross margin is higher than 68.40% of companies in Basic Materials sector

When is APD next annual earnings release?

As of today, the next annual earnings release for APD has not been scheduled

What is the current quarterly gross margin of APD?

As of today, APD quarterly gross margin is 32.27%

What is APD quarterly gross margin most recent change?

APD quarterly gross margin was down -0.71% on September 30, 2025

What is 1-year change in APD quarterly gross margin?

APD quarterly gross margin is down -5.12% year-over-year

How far is APD quarterly gross margin from its all-time high?

APD quarterly gross margin is currently -37.71% below its historical high of 51.81% set on September 30, 1991

How does APD quarterly gross margin rank versus sector peers?

APD quarterly gross margin is higher than 65.07% of companies in Basic Materials sector

When is APD next earnings release?

The next earnings release for APD is on January 30, 2026

APD Gross Margin History & Chart Since 1980

Annual Gross Margin

31.41%1.10%-3.38%

September 30, 2025

Summary

Current Value: As of today, APD annual gross margin is 31.41%, down -3.38% on September 30, 2025
Historical Performance: APD annual gross margin is up +18.71% over the past 3 years, and down -7.18% over the past 5 years
All-Time High Comparison: APD annual gross margin is currently -25.53% below its historical high of 42.18% set on September 30, 1986
3-Year Low Comparison: APD annual gross margin is +18.71% above its 3-year low of 26.46% reached on an earlier date
Sector Comparison: APD annual gross margin is higher than 68.40% of companies in Basic Materials sector

Gross Margin Chart

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Performance

APD Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Sep 30, 25	31.41%	-3.4%	+18.7%	-7.2%	+12.7%
Quarterly Gross Margin	Sep 30, 25	32.27%	-5.1%	+21.7%	-0.7%	+15.6%
Price	Jan 23, 26	$261.35	-20.6%	-17.4%	-6.0%	+225.0%
PE Ratio	Jan 23, 26	-	–	–	–	–
Annual Revenue	Sep 30, 25	$12.04B	-0.5%	-5.2%	+35.9%	+33.4%
Annual Gross Profit	Sep 30, 25	$3.78B	-3.9%	+12.5%	+26.2%	+50.4%
Annual Operating Margin	Sep 30, 25	23.09%	-3.4%	+24.4%	-4.3%	+44.4%
Annual Net Margin	Sep 30, 25	-2.88%	-109.0%	-116.2%	-113.1%	-124.7%

Gross Margin Highs

APD Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	32.51%	Sep 30, 24	-3.4%
5Y	33.84%	N/A	-7.2%
All	42.18%	Sep 30, 86	-25.5%

Gross Margin Lows

APD Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	26.46%	N/A	+18.7%
5Y	26.46%	Sep 30, 22	+18.7%
All	18.55%	Sep 30, 02	+69.3%

Gross Margin History

Year	Value	Change
2025	31.41%	-3.4%
2024	32.51%	+8.6%
2023	29.93%	+13.1%
2022	26.46%	-12.9%
2021	30.37%	-10.3%
2020	33.84%	+2.5%
2019	33.00%	+7.5%
2018	30.69%	+3.2%
2017	29.75%	-4.1%
2016	31.01%	+4.0%
2015	29.82%	+11.0%
2014	26.86%	+1.0%
2013	26.60%	0.0%
2012	26.60%	-2.9%
2011	27.39%	-1.7%
2010	27.86%	+4.3%
2009	26.70%	+2.5%
2008	26.04%	-1.7%
2007	26.50%	+2.5%
2006	25.85%	-4.3%
2005	27.01%	+3.5%
2004	26.10%	-1.8%
2003	26.58%	+43.3%

Year	Value	Change
2002	18.55%	-34.6%
2001	28.37%	-5.7%
2000	30.07%	-0.4%
1999	30.19%	-27.4%
1998	41.60%	+4.2%
1997	39.92%	+0.7%
1996	39.65%	-0.5%
1995	39.84%	+1.6%
1994	39.21%	+1.1%
1993	38.77%	-1.9%
1992	39.52%	-1.5%
1991	40.12%	+3.7%
1990	38.68%	-1.8%
1989	39.40%	-2.3%
1988	40.31%	+0.1%
1987	40.27%	-4.5%
1986	42.18%	+10.7%
1985	38.10%	+1.7%
1984	37.45%	+10.2%
1983	33.98%	+1.0%
1982	33.64%	-1.4%
1981	34.11%	-1.8%
1980	34.73%	-

FAQ

What is the current annual gross margin of APD?
As of today, APD annual gross margin is 31.41%
What is 1-year change in APD annual gross margin?
APD annual gross margin is down -3.38% year-over-year
What is 3-year change in APD annual gross margin?
APD annual gross margin is up +18.71% over the past 3 years
How far is APD annual gross margin from its all-time high?
APD annual gross margin is currently -25.53% below its historical high of 42.18% set on September 30, 1986
How does APD annual gross margin rank versus sector peers?
APD annual gross margin is higher than 68.40% of companies in Basic Materials sector
When is APD next annual earnings release?
As of today, the next annual earnings release for APD has not been scheduled

Quarterly Gross Margin

32.27%0.23%-0.71%

September 30, 2025

Summary

Current Value: As of today, APD quarterly gross margin is 32.27%, down -0.71% on September 30, 2025
Historical Performance: APD quarterly gross margin is down -5.12% year-over-year, and up +21.68% over the past 3 years
All-Time High Comparison: APD quarterly gross margin is currently -37.71% below its historical high of 51.81% set on September 30, 1991
3-Year Low Comparison: APD quarterly gross margin is +13.39% above its 3-year low of 28.46% reached on an earlier date
Sector Comparison: APD quarterly gross margin is higher than 65.07% of companies in Basic Materials sector

Performance

APD Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 25	32.27%	-0.7%	-5.1%	+21.7%	-0.7%
Annual Gross Margin	Sep 30, 25	31.41%	–	-3.4%	+18.7%	-7.2%
Price	Jan 23, 26	$261.35	+2.5%	-20.6%	-17.4%	-6.0%
PE Ratio	Jan 23, 26	-	–	–	–	–
Quarterly Revenue	Sep 30, 25	$3.17B	+4.8%	-0.6%	-11.3%	+36.5%
Quarterly Gross Profit	Sep 30, 25	$1.02B	+4.0%	-5.7%	+8.0%	+35.6%
Quarterly Operating Margin	Sep 30, 25	24.49%	+0.6%	-6.4%	+26.4%	+7.0%
Quarterly Net Margin	Sep 30, 25	0.32%	-98.7%	-99.5%	-98.0%	-98.5%

Quarterly Gross Margin Highs

APD Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	32.50%	Jun 30, 25	-0.7%
3Y	34.01%	Sep 30, 24	-5.1%
5Y	34.01%	Sep 30, 24	-5.1%
All	51.81%	Sep 30, 91	-37.7%

Quarterly Gross Margin Lows

APD Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	29.79%	Mar 31, 25	+8.3%
3Y	28.46%	N/A	+13.4%
5Y	25.74%	Dec 31, 21	+25.4%
All	18.58%	Dec 31, 00	+73.7%

Quarterly Gross Margin History

Month	Value	Change
Sep 2025	32.27%	-0.7%
Jun 2025	32.50%	+9.1%
Mar 2025	29.79%	-4.6%
Dec 2024	31.24%	-8.1%
Sep 2024	34.01%	+3.7%
Jun 2024	32.81%	+2.3%
Mar 2024	32.06%	+3.2%
Dec 2023	31.07%	+0.7%
Sep 2023	30.85%	-2.9%
Jun 2023	31.76%	+10.5%
Mar 2023	28.74%	+1.0%
Dec 2022	28.46%	+7.3%
Sep 2022	26.52%	-0.4%
Jun 2022	26.62%	-1.3%
Mar 2022	26.96%	+4.7%
Dec 2021	25.74%	-12.4%
Sep 2021	29.39%	-4.7%
Jun 2021	30.83%	+2.2%
Mar 2021	30.17%	-3.5%
Dec 2020	31.27%	-3.7%
Sep 2020	32.48%	-6.9%
Jun 2020	34.88%	+2.3%
Mar 2020	34.09%	+0.1%
Dec 2019	34.06%	-1.9%
Sep 2019	34.71%	+1.8%
Jun 2019	34.08%	+4.6%
Mar 2019	32.59%	+6.6%
Dec 2018	30.58%	-4.1%
Sep 2018	31.89%	+0.9%
Jun 2018	31.59%	+4.9%
Mar 2018	30.12%	+3.5%
Dec 2017	29.09%	-2.6%
Sep 2017	29.87%	-0.3%
Jun 2017	29.96%	+3.0%
Mar 2017	29.10%	-2.9%
Dec 2016	29.98%	-9.3%
Sep 2016	33.06%	+1.2%
Jun 2016	32.66%	+2.9%
Mar 2016	31.75%	+3.9%
Dec 2015	30.56%	-0.5%
Sep 2015	30.71%	+0.6%
Jun 2015	30.52%	+3.1%
Mar 2015	29.61%	+3.9%
Dec 2014	28.50%	+2.5%
Sep 2014	27.81%	+2.4%
Jun 2014	27.17%	+5.6%
Mar 2014	25.73%	-3.6%
Dec 2013	26.70%	-1.8%
Sep 2013	27.20%	+3.1%
Jun 2013	26.37%	-2.3%
Mar 2013	26.99%	+4.4%
Dec 2012	25.85%	-1.3%
Sep 2012	26.20%	-5.6%
Jun 2012	27.75%	+3.5%
Mar 2012	26.81%	+0.1%
Dec 2011	26.78%	-0.3%
Sep 2011	26.85%	-0.5%
Jun 2011	26.99%	-1.0%
Mar 2011	27.25%	-2.9%
Dec 2010	28.06%	+0.5%
Sep 2010	27.92%	-1.9%
Jun 2010	28.47%	+3.2%
Mar 2010	27.58%	-0.9%
Dec 2009	27.83%	+1.4%
Sep 2009	27.44%	-1.2%
Jun 2009	27.77%	+5.6%
Mar 2009	26.29%	+2.1%

Month	Value	Change
Dec 2008	25.76%	+8.6%
Sep 2008	23.73%	-9.4%
Jun 2008	26.18%	-2.8%
Mar 2008	26.93%	-2.8%
Dec 2007	27.70%	+1.6%
Sep 2007	27.27%	+2.4%
Jun 2007	26.64%	+1.5%
Mar 2007	26.24%	-3.7%
Dec 2006	27.26%	-0.8%
Sep 2006	27.48%	+4.5%
Jun 2006	26.30%	+6.3%
Mar 2006	24.75%	-1.5%
Dec 2005	25.13%	-2.8%
Sep 2005	25.86%	-1.7%
Jun 2005	26.30%	-1.4%
Mar 2005	26.68%	+3.1%
Dec 2004	25.89%	+2.0%
Sep 2004	25.39%	-4.7%
Jun 2004	26.64%	+1.6%
Mar 2004	26.23%	-2.8%
Dec 2003	26.99%	-4.5%
Sep 2003	28.25%	+8.3%
Jun 2003	26.08%	+2.4%
Mar 2003	25.46%	-11.0%
Dec 2002	28.61%	-8.3%
Sep 2002	31.19%	+7.8%
Jun 2002	28.92%	+7.3%
Mar 2002	26.94%	-6.5%
Dec 2001	28.82%	-2.1%
Sep 2001	29.43%	+1.2%
Jun 2001	29.07%	+10.7%
Mar 2001	26.26%	+41.3%
Dec 2000	18.58%	-36.3%
Sep 2000	29.16%	-0.6%
Jun 2000	29.34%	-6.2%
Mar 2000	31.29%	+2.2%
Dec 1999	30.63%	+7.2%
Sep 1999	28.58%	-3.5%
Jun 1999	29.63%	-1.2%
Mar 1999	29.98%	-4.2%
Dec 1998	31.30%	-23.1%
Sep 1998	40.69%	-3.5%
Jun 1998	42.16%	+0.6%
Mar 1998	41.92%	+0.7%
Dec 1997	41.63%	+9.7%
Sep 1994	37.95%	-6.3%
Jun 1994	40.51%	+2.2%
Mar 1994	39.65%	-0.1%
Dec 1993	39.68%	+6.7%
Sep 1993	37.18%	-5.1%
Jun 1993	39.19%	-3.3%
Mar 1993	40.52%	+3.5%
Dec 1992	39.16%	-20.5%
Sep 1992	49.28%	+0.3%
Jun 1992	49.15%	-4.5%
Mar 1992	51.46%	-0.6%
Dec 1991	51.79%	-0.0%
Sep 1991	51.81%	+0.7%
Jun 1991	51.44%	+3.1%
Mar 1991	49.91%	-2.0%
Dec 1990	50.91%	+11.1%
Sep 1990	45.82%	-10.2%
Jun 1990	51.00%	+2.8%
Mar 1990	49.61%	-2.3%
Dec 1989	50.80%	+3.1%
Sep 1989	49.27%	-0.4%
Jun 1989	49.48%	-

FAQ

What is the current quarterly gross margin of APD?
As of today, APD quarterly gross margin is 32.27%
What is APD quarterly gross margin most recent change?
APD quarterly gross margin was down -0.71% on September 30, 2025
What is 1-year change in APD quarterly gross margin?
APD quarterly gross margin is down -5.12% year-over-year
How far is APD quarterly gross margin from its all-time high?
APD quarterly gross margin is currently -37.71% below its historical high of 51.81% set on September 30, 1991
How does APD quarterly gross margin rank versus sector peers?
APD quarterly gross margin is higher than 65.07% of companies in Basic Materials sector
When is APD next earnings release?
The next earnings release for APD is on January 30, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

APD Official Website www.airproducts.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/2969/000000296925000051/0000002969-25-000051-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/2969/000000296925000051/0000002969-25-000051-index.htm
APD Profile on Yahoo Finance finance.yahoo.com/quote/APD
APD Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/apd