Air Products and Chemicals Inc (APD)

Net profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	2,300,200	2,256,100	2,099,100	1,886,700	1,760,000
Revenue	US$ in thousands	12,600,000	12,698,600	10,323,000	8,856,300	8,918,900
Net profit margin		18.26%	17.77%	20.33%	21.30%	19.73%

September 30, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,300,200K ÷ $12,600,000K
= 18.26%

The net profit margin of Air Products & Chemicals Inc. has shown some fluctuations over the past five years. The margin stood at 18.26% as of Sep 30, 2023, slightly higher than the 17.77% recorded in the preceding year. This indicates that for every dollar of revenue generated, the company retained 18.26 cents as profit after accounting for all expenses.

The decline in net profit margin compared to the prior year suggests that the company may be experiencing pressure on profitability. It's important to further investigate the underlying reasons for this trend, such as changes in costs, pricing strategies, or operational inefficiencies. Additionally, comparing the current margin to industry benchmarks and peers may provide valuable insights into the company's competitive position.