Operating Profit Margin
since 2005
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Air Products & Chemicals Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
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Calculation
Air Products & Chemicals Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Sales1 | |
|---|---|---|---|---|---|---|---|
| Sep 30, 2020 | = | 100 | × | ÷ | |||
| Sep 30, 2019 | = | 100 | × | ÷ | |||
| Sep 30, 2018 | = | 100 | × | ÷ | |||
| Sep 30, 2017 | = | 100 | × | ÷ | |||
| Sep 30, 2016 | = | 100 | × | ÷ | |||
| Sep 30, 2015 | = | 100 | × | ÷ | |||
| Sep 30, 2014 | = | 100 | × | ÷ | |||
| Sep 30, 2013 | = | 100 | × | ÷ | |||
| Sep 30, 2012 | = | 100 | × | ÷ | |||
| Sep 30, 2011 | = | 100 | × | ÷ | |||
| Sep 30, 2010 | = | 100 | × | ÷ | |||
| Sep 30, 2009 | = | 100 | × | ÷ | |||
| Sep 30, 2008 | = | 100 | × | ÷ | |||
| Sep 30, 2007 | = | 100 | × | ÷ | |||
| Sep 30, 2006 | = | 100 | × | ÷ | |||
| Sep 30, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in thousands
- Operating Income Trend
- The operating income shows considerable fluctuations over the analyzed period. After rising steadily from approximately 1,002,500 thousand USD in 2005 to a peak near 1,495,800 thousand USD in 2008, it sharply declined to 846,300 thousand USD in 2009. Subsequently, it rebounded, reaching 2,106,000 thousand USD by 2016, with intermittent declines notably in 2012 and 2017. The income continued to improve through 2020, culminating at 2,237,600 thousand USD, the highest point observed.
- Sales Performance
- Sales exhibited growth in the initial years, increasing from 8,143,500 thousand USD in 2005 to a high of approximately 10,414,500 thousand USD in 2008. However, a significant drop occurred in 2009 to 8,256,200 thousand USD. After 2009, sales fluctuated but generally trended downward, with notable declines post-2012. By 2020, sales had decreased to 8,856,300 thousand USD, indicating a contraction compared to earlier peaks.
- Operating Profit Margin Analysis
- The operating profit margin reflects notable variability aligned with trends in operating income and sales. It started moderately at 12.31% in 2005, increased to 14.36% in 2008, then decreased sharply to around 10.25% in 2009, mirroring the sales drop. From 2010 onwards, the margin displayed a generally upward trajectory, reaching 22.11% in 2016 and eventually peaking at 25.27% in 2020. This suggests improved operational efficiency or cost management despite overall sales contraction in later years.
- Summary of Key Insights
- Despite volatile sales numbers, operating income has shown resilience and substantial growth in the long term, particularly from 2010 onward. The increasing operating profit margin indicates strengthening profitability and operational efficiencies. The year 2009 marks a turning point with reduced sales and income, likely due to external economic factors, but recovery and improvement in profitability followed in subsequent years. The divergence between declining sales and rising profit margins in recent years suggests effective cost control or a shift in product/service mix favoring higher margins.
Comparison to Competitors
Air Products & Chemicals Inc., operating profit margin, long-term trends, comparison to competitors
| Air Products & Chemicals Inc. | Linde plc | |
|---|---|---|
| Sep 30, 2020 | ||
| Sep 30, 2019 | ||
| Sep 30, 2018 | ||
| Sep 30, 2017 | ||
| Sep 30, 2016 | ||
| Sep 30, 2015 | ||
| Sep 30, 2014 | ||
| Sep 30, 2013 | ||
| Sep 30, 2012 | ||
| Sep 30, 2011 | ||
| Sep 30, 2010 | ||
| Sep 30, 2009 | ||
| Sep 30, 2008 | ||
| Sep 30, 2007 | ||
| Sep 30, 2006 | ||
| Sep 30, 2005 |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).