Air Products and Chemicals (APD) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 32.8%
EBITDA Margin: -54.2%
Op. Margin: -66.3%
Net Margin: -45.6%

Op. margin of -66.3% is down 92.5% YoY — costs are rising relative to revenue. Net margin at -45.6% and gross margin of 32.8% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit