Air Products and ChemicalsMIL:1APD 22 Net Margin % is 22.40% as of Mar. 2026, which is 18% above its 10-year median of 19.00. GuruFocus rates MIL:1APD with a GF Score™ of 22/100 and a GF Value™ of €249.98 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,585 Chemicals companies, Air Products and Chemicals ranks better than 91.17% on this metric.
The historical rank and industry rank for Air Products and Chemicals's Net Margin % or its related term are showing as below:
MIL:1APD'
s Net Margin % Range Over the Past 10 Years
Min: -3.28 Med: 19 Max: 36.65
Current: 16.91
MIL:1APD's Net Margin % is ranked better than 91.17% of 1585
companies
in the Chemicals industry
Industry Median: 3.89
vs MIL:1APD: 16.91
Air Products and Chemicals (MIL:1APD) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Air Products and Chemicals Net Margin % Related Terms
Air Products and Chemicals Net Margin % Historical Data
* 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.
MIL:1APD vs ECL, SHW, PPG: Net Margin % Comparison
For the Specialty Chemicals subindustry, Air Products and Chemicals's Net Margin %, along with its competitors' market caps and Net 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 Products and Chemicals Net Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Products and Chemicals's Net Margin % distribution charts can be found below:
* The bar in red indicates where Air Products and Chemicals's Net 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.
Air Products and Chemicals (MIL:1APD) has a Net Margin % of 22.40% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Air Products and Chemicals and its competitors. This is 18% above median its historical median of 19.00. According to the industry distribution chart, Air Products and Chemicals ranks #140 out of 1585 companies in the Chemicals industry, placing it in the top 8.8%.
Is Air Products and Chemicals' Net Margin % too high?
Air Products and Chemicals' current Net Margin % of 22.40% is 18% above median its 10-year median of 19.00. The Chemicals industry median Net Margin % is 3.89. Air Products and Chemicals' value of 22.40% is 475.8% above this industry median. Based on the distribution chart, Air Products and Chemicals ranks #140 out of 1585 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Air Products and Chemicals has a GF Score™ of 22/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Products and Chemicals' Net Margin % compare to ECL and SHW?
According to the Chemicals industry distribution chart, Air Products and Chemicals ranks #140 out of 1585 companies for Net Margin %. This places Air Products and Chemicals in the top 9% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.89. Air Products and Chemicals' value of 22.40% is 475.8% above this benchmark. While the company's 10-year median is 19.00 vs. the industry median of 3.89, Air Products and Chemicals 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 Net Margin % for a Chemicals company?
The median Net Margin % among Chemicals companies is 3.89, based on 1,585 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Products and Chemicals's current Net Margin % of 22.40% is 475.8% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Air Products and Chemicals and its competitors. For the Chemicals industry, the median Net Margin % is 3.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Products and Chemicals's current Net Margin % is 22.40%, which is 18% above median its own 10-year median of 19.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Products and Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Air Products and Chemicals (MIL:1APD) is currently considered Fairly Valued. The stock's GF Value™ is €249.98, compared to a current price of €248.80 — trading 0.5% below its estimated fair value. The current Net Margin % is 22.40%, which is 18% above median its 10-year median of 19.00 and 475.8% above the Chemicals industry median of 3.89. Air Products and Chemicals' overall GF Score™ is 22/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Air Products and Chemicals (MIL:1APD), the current Net Margin % is 22.40% as of Mar. 2026. 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 Products and Chemicals (MIL:1APD) Overvalued in 2026?
Based on GuruFocus' analysis, Air Products and Chemicals stock appears to be undervalued.
The current stock price of €248.80 is trading 0.5% below its estimated GF Value™ of €249.98.
GuruFocus considers Air Products and Chemicals to be Fairly Valued.
Key valuation signals for MIL:1APD:
Net Margin %: 22.40% (18% above median its 10-year median of 19.00)
GF Value™: €249.98 vs. price of €248.80 (0.5% below fair value)
Industry Position: 475.8% above the Chemicals median (#140 of 1585)
No single metric tells the full story. See the MIL:1APD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the world's largest supplier of hydrogen and helium. It has a unique portfolio serving customers across industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated roughly $12 billion in revenue in fiscal 2025.
22GF Score
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