Company / Gross Margin
Air Products Gross Margin History
FY2016-FY2020 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
33.9%
FY2020
5-year range
-
FY2016-FY2020
Trend
+1.1%
vs FY2019
Sector context
#18 of 69
Materials
What the data says
At 33.9%, Air Products's gross margin ranks #18 of 69 in the Materials sector. Gross Margin has increased for 3 consecutive years, from 29.8% in FY2017 to 33.9% in FY2020.
Based on SEC 10-K filings.
33.9% in FY2020 with a 3-year CAGR of +4.1%. Top quartile in the Materials sector.
Improved from 32.5% to 33.9% over the past 2 years.
Materials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +4.1pp
- 5-Year Change
- -
- 10-Year Change
- -
Sector benchmark
#18 of 69 in MaterialsTop 26% of 69This company 33.9% Sector average 26.0%
▼
+30.3% above sector average
Key checks
Key Insights
- Air Products's gross margin has grown for 3 consecutive years.
- In FY2020, gross margin increased 1.1% year-over-year.
- Currently 7.9pp above the Materials sector average.
- Lowest gross margin in the period was in FY2017.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.86 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | - | - |
| FY2022 | - | - |
| FY2021 | - | - |
| FY2020 | 33.9% | +1.1% |
| FY2019 | 33.5% | +3.1% |
| FY2018 | 32.5% | +9.1% |
| FY2017 | 29.8% | -4.1% |
| FY2016 | 31.0% | +238.9% |
As of FY2020 · SEC 10-K · Updated Jun 30, 2026