Air Liquide SA

AI: XPAR (FRA)

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Air Liquide Earnings: Encouraging Operating Margin Expansion; Raising Fair Value Estimate

Krzysztof Smalec

Feb 20, 2026

Air Liquide grew its fourth-quarter comparable sales by 2.5% from the prior-year period, with positive year-over-year growth across all regions and business lines. Management announced a new margin target for 2027, increasing the total margin expansion target to 560 basis points from 2022-27.

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Air Liquide SA

Air Liquide Earnings: Encouraging Operating Margin Expansion; Raising Fair Value Estimate

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