Air LiquideXSWX:AI1 98 Pretax Margin % is 17.99% as of Dec. 2025, which is 21% above its 10-year median of 14.85. GuruFocus rates XSWX:AI1 with a GF Score™ of 98/100 and a GF Value™ of CHF140.88. The stock has 5 warning signs investors should review. Among 1,584 Chemicals companies, Air Liquide ranks better than 87.37% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Air Liquide's Pre-Tax Income for the
six
months ended in Dec. 2025 was CHF2,219 Mil. Air Liquide's Revenue for the
six
months ended in Dec. 2025 was CHF12,334 Mil. Therefore, Air Liquide's pretax margin for the quarter that ended in Dec. 2025 was 17.99%.
The historical rank and industry rank for Air Liquide's Pretax Margin % or its related term are showing as below:
XSWX:AI1'
s Pretax Margin % Range Over the Past 10 Years
Min: 12.44 Med: 14.85 Max: 18.12
Current: 18.12
XSWX:AI1's Pretax Margin % is ranked better than 87.37% of 1584
companies
in the Chemicals industry
Industry Median: 5.34
vs XSWX:AI1: 18.12
Air Liquide (XSWX:AI1) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Air Liquide Pretax Margin % Related Terms
Air Liquide Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Air Liquide's Pretax 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.
XSWX:AI1 vs LIN, SHW, ECL: Pretax Margin % Comparison
For the Specialty Chemicals subindustry, Air Liquide's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Liquide's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Air Liquide's Pretax 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 Liquide (XSWX:AI1) has a Pretax Margin % of 17.99% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Air Liquide and its competitors. This is 21% above median its historical median of 14.85. Over the past decade, Air Liquide's Pretax Margin % has ranged from 12.44 to 18.12. According to the industry distribution chart, Air Liquide ranks #200 out of 1584 companies in the Chemicals industry, placing it in the top 12.6%.
Is Air Liquide's Pretax Margin % too high?
Air Liquide's current Pretax Margin % of 17.99% is 21% above median its 10-year median of 14.85. Over the past 10 years, this metric has ranged from a low of 12.44 to a high of 18.12. The Chemicals industry median Pretax Margin % is 5.34. Air Liquide's value of 17.99% is 236.9% above this industry median. Based on the distribution chart, Air Liquide ranks #200 out of 1584 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, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's Pretax Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Liquide ranks #200 out of 1584 companies for Pretax Margin %. This places Air Liquide in the top 13% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.34. Air Liquide's value of 17.99% is 236.9% above this benchmark. Historically, Air Liquide's own Pretax Margin % has ranged from 12.44 to 18.12 over the past decade. While the company's 10-year median is 14.85 vs. the industry median of 5.34, 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 Pretax Margin % for a Chemicals company?
The median Pretax Margin % among Chemicals companies is 5.34, based on 1,584 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Liquide's current Pretax Margin % of 17.99% is 236.9% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Air Liquide and its competitors. For the Chemicals industry, the median Pretax Margin % is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Liquide's current Pretax Margin % is 17.99%, which is 21% above median its own 10-year median of 14.85. 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?
Air Liquide (XSWX:AI1) has a current Pretax Margin % of 17.99%. The stock's GF Value™ is CHF140.88, compared to a current price of CHF157.66 — trading 11.9% above its estimated fair value. The current Pretax Margin % is 17.99%, which is 21% above median its 10-year median of 14.85 and 236.9% above the Chemicals industry median of 5.34. Air Liquide's overall GF Score™ is 98/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Air Liquide (XSWX:AI1), the current Pretax Margin % is 17.99% 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 (XSWX:AI1) Overvalued in 2026?
Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued.
The current stock price of CHF157.66 is trading 11.9% above its estimated GF Value™ of CHF140.88.
Key valuation signals for XSWX:AI1:
Pretax Margin %: 17.99% (21% above median its 10-year median of 14.85)
GF Value™: CHF140.88 vs. price of CHF157.66 (11.9% above fair value)
Industry Position: 236.9% above the Chemicals median (#200 of 1584)
No single metric tells the full story. See the XSWX:AI1 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
Get the complete analysis for XSWX:AI1
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:AI1 has been successfully added to your 
