Air LiquideXPAR:AI +1.99%98 Gross Margin % is 65.03% as of Dec. 2025, which is 4% above its 10-year median of 62.43. GuruFocus rates XPAR:AI with a GF Score™ of 98/100 and a GF Value™ of €148.75 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,564 Chemicals companies, Air Liquide ranks better than 96.55% on this metric.
The historical rank and industry rank for Air Liquide's Gross Margin % or its related term are showing as below:
XPAR:AI'
s Gross Margin % Range Over the Past 10 Years
Min: 53.86 Med: 62.43 Max: 64.86
Current: 64.18
During the past 13 years, the highestGross Margin % of Air Liquide was 64.86%. The lowest was 53.86%. And the median was 62.43%.
XPAR:AI's Gross Margin % is ranked better than 96.55% of 1564
companies
in the Chemicals industry
Industry Median: 23.375
vs XPAR:AI: 64.18
Air Liquide had a gross margin of 65.03% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Air Liquide was 0.60% per year.
Air Liquide (XPAR:AI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Air Liquide had a gross margin of 65.03% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Air Liquide Gross Margin % Related Terms
Air Liquide Gross Margin % Historical Data
* Premium members only.
The historical data trend for Air Liquide's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XPAR:AI vs LIN, SHW, ECL: Gross Margin % Comparison
For the Specialty Chemicals subindustry, Air Liquide's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Air Liquide Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Liquide's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Air Liquide's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Air Liquide (XPAR:AI) has a Gross Margin % of 65.03% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Air Liquide and its competitors. This is near median its historical median of 62.43. Over the past decade, Air Liquide's Gross Margin % has ranged from 53.86 to 64.86. According to the industry distribution chart, Air Liquide ranks #54 out of 1564 companies in the Chemicals industry, placing it in the top 3.5%.
Is Air Liquide's Gross Margin % too high?
Air Liquide's current Gross Margin % of 65.03% is near median its 10-year median of 62.43. Over the past 10 years, this metric has ranged from a low of 53.86 to a high of 64.86. The Chemicals industry median Gross Margin % is 23.38. Air Liquide's value of 65.03% is 178.2% above this industry median. Based on the distribution chart, Air Liquide ranks #54 out of 1564 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Air Liquide has a GF Score™ of 98/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Liquide ranks #54 out of 1564 companies for Gross Margin %. This places Air Liquide in the top 4% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.38. Air Liquide's value of 65.03% is 178.2% above this benchmark. Historically, Air Liquide's own Gross Margin % has ranged from 53.86 to 64.86 over the past decade. While the company's 10-year median is 62.43 vs. the industry median of 23.38, Air Liquide has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.38, based on 1,564 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Liquide's current Gross Margin % of 65.03% is 178.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Air Liquide and its competitors. For the Chemicals industry, the median Gross Margin % is 23.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Liquide's current Gross Margin % is 65.03%, which is near median its own 10-year median of 62.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Liquide stock overvalued right now?
Based on GuruFocus' analysis, Air Liquide (XPAR:AI) is currently considered Modestly Overvalued. The stock's GF Value™ is €148.75, compared to a current price of €169.76 — trading 14.1% above its estimated fair value. The current Gross Margin % is 65.03%, which is near median its 10-year median of 62.43 and 178.2% above the Chemicals industry median of 23.38. Air Liquide's overall GF Score™ is 98/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Air Liquide (XPAR:AI), the current Gross Margin % is 65.03% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Air Liquide (XPAR:AI) Overvalued in 2026?
Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued.
The current stock price of €169.76 is trading 14.1% above its estimated GF Value™ of €148.75.
GuruFocus considers Air Liquide to be Modestly Overvalued.
Key valuation signals for XPAR:AI:
Gross Margin %: 65.03% (near median its 10-year median of 62.43)
GF Value™: €148.75 vs. price of €169.76 (14.1% above fair value)
Industry Position: 178.2% above the Chemicals median (#54 of 1564)
No single metric tells the full story. See the XPAR:AI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
98GF Score
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