Air Products and Chemicals Inc (APD)

Pretax margin

		Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-440,700	1,941,300	1,900,000	4,854,700	4,821,200	3,159,100	3,059,700	2,919,200	2,882,400	2,752,200	2,723,400	2,812,000	2,754,700	2,736,000	2,640,500	2,580,000	2,507,400	2,409,700	2,350,300	2,404,500
Revenue (ttm)	US$ in thousands	12,037,300	12,057,900	12,020,500	12,034,500	12,100,100	12,103,900	12,152,500	12,422,400	12,600,000	12,978,700	13,134,100	12,879,100	12,698,600	11,969,700	11,385,100	10,942,000	10,323,000	9,802,000	9,262,500	8,976,800
Pretax margin		-3.66%	16.10%	15.81%	40.34%	39.84%	26.10%	25.18%	23.50%	22.88%	21.21%	20.74%	21.83%	21.69%	22.86%	23.19%	23.58%	24.29%	24.58%	25.37%	26.79%

September 30, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-440,700K ÷ $12,037,300K
= -3.66%

Peer comparison

Sep 30, 2025

Company name

Symbol

Pretax margin

Air Products and Chemicals Inc

APD

-3.66%

Ashland Global Holdings Inc