Air Products and Chemicals, Inc. (APD) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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APD EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
APD Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 31.4% | -7.3% | -3.3% |
| 2024 | 32.5% | 36.9% | 31.6% |
| 2023 | 29.9% | 19.8% | 18.3% |
| 2022 | 26.5% | 18.4% | 17.8% |
| 2021 | 30.4% | 22.1% | 20.3% |
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Air Products and Chemicals, Inc. (APD) Earnings Overview
As of May 6, 2026, Air Products and Chemicals, Inc. (APD) reported trailing twelve-month net income of $2.11B, reflecting -110.3% year-over-year growth. The company earned $9.45 per diluted share over the past four quarters, with a net profit margin of -3.3%.
Looking at the long-term picture, APD's historical earnings data spans multiple years. The company achieved its highest annual net income of $3.83B in fiscal 2024.
Air Products and Chemicals, Inc. maintains positive profitability with a gross margin of 31.4%, operating margin of -7.3%, and net margin of -3.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including LIN ($7.13B net income, 20.3% margin), ALB (-$552M net income), PX ($15M net income, 6.3% margin), APD has room to improve margins relative to the peer group. Compare APD vs LIN →
APD Earnings vs Peers
Earnings metrics vs comparable public companies
APD Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$395M | -110.3% | -$877M | $-1.77 | -3.3% | -7.3% |
| 2024 | $3.83B | +66.4% | $4.47B | $17.18 | 31.6% | 36.9% |
| 2023 | $2.30B | +2.0% | $2.49B | $10.30 | 18.3% | 19.8% |
| 2022 | $2.26B | +7.5% | $2.34B | $10.08 | 17.8% | 18.4% |
| 2021 | $2.10B | +11.3% | $2.28B | $9.12 | 20.3% | 22.1% |
| 2020 | $1.89B | +7.2% | $2.24B | $8.55 | 21.3% | 25.3% |
| 2019 | $1.76B | +17.5% | $2.14B | $7.94 | 19.7% | 24.0% |
| 2018 | $1.50B | -50.1% | $1.97B | $6.78 | 16.8% | 22.0% |
| 2017 | $3.00B | +375.4% | $1.44B | $13.65 | 36.6% | 17.6% |
| 2016 | $631M | -50.6% | $1.54B | $2.89 | 8.4% | 20.5% |
Full APD Stock Analysis
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View ValuationCompare APD vs LIN
Side-by-side business, growth, and profitability comparison vs Linde plc.
Start ComparisonAPD — Frequently Asked Questions
Quick answers to the most common questions about buying APD stock.
Is APD growing earnings?
APD EPS fell to $9.45, with earnings declining -110.3%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $2.1B.
What are APD's profit margins?
Air Products and Chemicals, Inc. net margin is -3.3%, with operating margin at -7.3%. Below-average margins reflect competitive or cost pressures.
How consistent are APD's earnings?
APD earnings data spans 1989-2025. The declining earnings trend is -110.3% YoY. Historical data enables comparison across business cycles.