Table of Contents 1. BASIS OF PRESENTATION AND MAJOR ACCOUNTING POLICIES As used in this report, unless the context indicates otherwise, the terms “we,” “our,” “us,” the “Company,” "Air Products," or “registrant” include our controlled subsidiaries and affiliates. About Air Products Air Products and Chemicals, Inc., a Delaware corporation founded in 1940, is a world-leading industrial gases company that has built a reputation for its innovation, operational excellence, and commitment to safety and environmental stewardship. Focused on serving energy, environmental, and emerging markets and generating a cleaner future, we offer products and services that improve our customers’ operations and sustainability. We serve a broad range of industries, including refining, chemicals, metals, electronics, manufacturing, medical, and food, providing essential industrial gases, related equipment, and applications expertise.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 12.2B | 12.0B | 12.1B | 12.6B | 12.7B | 10.3B |
| Net Income | -334M | -395M | 3.8B | 2.3B | 2.3B | 2.1B |
| EPS | $-1.50 | $-1.77 | $17.18 | $10.33 | $10.14 | $9.43 |
| Free Cash Flow | -2.8B | -3.8B | -3.1B | -1.4B | 244M | 871M |
| ROIC | -4.5% | -1.6% | 12.4% | 8.7% | 10.6% | 12.3% |
| Gross Margin | 31.6% | 31.4% | 32.5% | 29.9% | 26.5% | 30.4% |
| Debt/Equity | 0.03 | 1.22 | 0.87 | 0.76 | 0.63 | 0.54 |
| Dividends/Share | $7.14 | $7.14 | $7.06 | $6.87 | $6.36 | $5.84 |
| Operating Income | -786M | -877M | 4.5B | 2.5B | 2.3B | 2.3B |
| Operating Margin | -6.4% | -7.3% | 36.9% | 19.8% | 18.4% | 22.1% |
| ROE | -2.2% | -2.5% | 22.5% | 16.1% | 17.2% | 15.5% |
| Shares Outstanding | 223M | 223M | 223M | 223M | 222M | 223M |
Air Products & Chemicals, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 8.5% with a gross margin of 30.1%. Total shareholder yield (dividends) is 2.4%. At current prices, the estimated annualized return to fair value is -28.2%.
Air Products & Chemicals, Inc. (APD) has a 5-year average return on invested capital (ROIC) of 8.5%. This is below average and may indicate limited pricing power.
Air Products & Chemicals, Inc. (APD) has a market capitalization of $66.5B. It is classified as a large-cap stock.
Yes, Air Products & Chemicals, Inc. (APD) pays a dividend with a trailing twelve-month yield of 2.39%.
Air Products & Chemicals, Inc. (APD) operates in the Industrial Inorganic Chemicals industry, within the Materials sector.
Air Products & Chemicals, Inc. (APD) reported annual revenue of $12.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Air Products & Chemicals, Inc. (APD) has a net profit margin of -3.3%. The company is currently unprofitable.
Air Products & Chemicals, Inc. (APD) generated $-3.8 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Air Products & Chemicals, Inc. (APD) has a debt-to-equity ratio of 1.22. This indicates moderate leverage.
Air Products & Chemicals, Inc. (APD) reported earnings per share (EPS) of $-1.77 in its most recent fiscal year.
Air Products & Chemicals, Inc. (APD) has a return on equity (ROE) of -2.5%. A negative ROE may indicate losses or negative equity.
Air Products & Chemicals, Inc. (APD) has a 5-year average gross margin of 30.1%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for Air Products & Chemicals, Inc. (APD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Air Products & Chemicals, Inc. (APD) has a book value per share of $67.41, based on its most recent annual SEC filing.