Air Products and Chemicals, Inc.

Air Products and Chemicals, Inc.

APD
Air Products and Chemicals, Inc.US flagNew York Stock Exchange
296.60
USD
+4.07
- -
66.05BMarket Cap
Air Products and Chemicals, Inc.
APD
(New York Stock Exchange)

Recent

price

296.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
40.6
45.42
45.51
48.55
49.08
36.41
34.68
37.56
40.72
40.49
40.04
46.58
57.2
56.68
54.38
54.05
56.56
Revenue per Share
4.85
5.75
5.53
4.74
4.66
5.95
2.92
13.76
6.83
7.99
8.53
9.47
10.16
10.35
17.21
-1.77
-0.21
Basic EPS, GAAP
2.52
2.08
1.31
0.21
3.88
6.08
8.1
2.4
4.4
4.45
3.42
3.96
1.37
-6.39
-14.16
-16.91
-1.35
Free Cash Flow per Basic Share
1.88
2.14
2.44
2.7
2.95
3.15
3.33
3.61
4.09
4.51
4.99
5.67
6.23
6.73
7.03
7.11
7.17
Dividend per Share
25.94
27.57
30.48
33.35
34.49
33.66
32.57
46.19
49.46
50.15
54.66
61.16
59.25
64.41
76.61
67.5
62.35
Book Value per Share
20.33
22.55
19.38
22.12
25.82
26.05
26.9
41.2
43.87
44.63
48.65
55.14
53.97
59.03
71.14
61.85
56.8
Tangible Book Value per Share
212
213
211
210
213
215
216
218
219
220
221
222
222
222
222
223
223
Basic Weighted Avg Shares
8,616
9,674
9,612
10,180
10,439
7,824
7,504
8,188
8,930
8,919
8,856
10,323
12,699
12,600
12,101
12,037
12,602
Sales/Revenue/Turnover
15.48
15.97
15.8
15.06
15.78
17.7
21.49
21.81
22.01
24.33
25.27
21.97
19
21.74
24.36
24
24.85
Operating Margin (%)
827
834
841
907
957
858
855
866
971
1,083
1,185
1,321
1,338
1,358
1,451
1,564
1,544
Depreciation Expense
1,029
1,224
1,167
994
992
1,278
631
3,000
1,498
1,760
1,887
2,099
2,256
2,300
3,828
-394
-47
Net Income, GAAP
24.02
24.26
21.89
22.8
27.05
23.71
27.83
18.42
26.02
20.97
19.74
18.46
18.18
19.12
19.6
- -
128.37
Effective Tax Rate (%)
11.94
12.65
12.14
9.77
9.5
16.33
8.41
36.65
16.77
19.73
21.3
20.33
17.77
18.26
31.64
-3.28
-0.38
Profit Margin (%)
790
848
726
212
332
-851
1,034
3,388
2,744
2,797
6,268
5,577
2,817
1,305
2,183
1,607
388
Working Capital
3,660
3,928
4,584
5,056
4,824
3,949
3,910
3,402
3,352
3,227
7,766
7,654
7,678
10,062
14,211
17,563
17,261
LT Debt
5,698
5,939
6,623
7,199
7,521
7,381
7,213
10,186
11,176
11,388
12,443
14,088
13,702
15,660
18,674
17,350
16,596
Total Equity
10.46
11.44
10.53
9.28
8.82
7.82
9
10.88
9.93
11.5
10.09
8.56
8.87
9.05
7.77
- -
5.52
Return on Invested Capital (%)
11.39
12.54
11.05
8.39
7.98
9.79
5.32
23.17
10.7
12.25
10.88
10.21
10.6
9.87
13.15
- -
5.98
Return on Capital (%)
19.91
21.59
19.02
14.71
13.77
17.49
8.81
34.96
14.3
16.06
16.31
16.39
16.91
16.75
24.42
-2.46
-0.32
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
236
488
896
LT Borrowings
17,295
17,270
16,771
LT Finance Leases
607
600
490
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
223
223
223
Market Capitalization
55,000
64,687
65,287

Working Capital

FRC

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
5,103
5,013
4,964
Cash, Cash Equivalents & STI
1,026
951
980
Accounts Receivable, Net
1,895
1,938
1,882
Inventories
788
768
752
Total Current Liabilities
3,498
3,513
4,575
Payables & Accruals
3,210
2,976
3,628
ST Debt
236
488
896
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.67%
7.38%
-7.09%
Free Cash Flow
-44.81%
-95.1%
19.55%
Net Income, GAAP
27.63%
-4.64%
-110.31%
Sales/Revenue/Turnover
4.76%
6.86%
-0.52%
Total Cash Common Dividend
8.93%
7.58%
1.23%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,997
2,930
2,986
3,188
12,101
2025
2,932
2,916
3,023
3,167
12,037
2026
3,102
3,172
3,161
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.74
2.57
3.13
8.76
17.21
2025
2.77
-7.77
3.2
0.02
-1.77
2026
3.04
3.19
-6.47
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.75
1.75
1.77
1.77
7.03
2025
1.77
1.77
1.79
1.79
7.11
2026
1.79
1.79
1.81
- -
- -
Business
Air Products and Chemicals, Inc. (NYSE: APD) is a leading industrial gases company that supplies atmospheric, process, and specialty gases; equipment for gas production; and related services to diverse industries including refining, chemicals, manufacturing, electronics, energy production, and medical sectors. The company offers products such as oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, merchant gases in various forms (bulk, cylinder, on-site generation), specialty gases under brands like Pure Gases and Alphagaz, electronics gases, and performance materials including epoxy resins and advanced materials; it also provides gasification services, LNG processing, and clean energy solutions like hydrogen for fuel cells and carbon capture. Founded in 1940 and headquartered in Allentown, Pennsylvania, Air Products operates globally across approximately 50 countries, with manufacturing facilities, production plants, and sales offices in North America, Europe, Asia, and the Middle East, serving customers in refining, chemicals, electronics, food and beverage, healthcare, and emerging clean energy markets. In recent developments, Air Products completed the sale of its 2021 facility to a joint venture partner in 2024, enabling focus on core growth areas; announced a landmark 10-year, $4 billion hydrogen supply agreement with a major refiner in 2024 to support clean energy transition; and progressed construction on its NEOM green hydrogen project in Saudi Arabia, the world's largest, with initial production targeted for 2026 following key engineering milestones in 2025. The company also expanded its hydrogen infrastructure through new on-site supply contracts in electronics and refining sectors during 2024-2025, alongside strategic investments in blue hydrogen and ammonia production technologies to meet rising demand for low-carbon fuels. These initiatives reflect Air Products' ongoing strategic shift toward hydrogen and sustainable energy solutions, building on its acquisition of nexAir in 2023 to strengthen U.S. merchant gases presence.

Company News

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  • Air Products to Supply Malaysia's First LNG-Based Air Separation Unit for PETRONAS Gas Berhad-Led Joint Venture

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  • Air Products to Broadcast Fiscal 2026 Fourth Quarter Earnings Teleconference on November 5, 2026

  • 9,817 Air Products and Chemicals, Inc. $APD Shares Acquired by Park National Corp OH

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  • Heartwood Wealth Advisors LLC Buys 6,625 Shares of Air Products and Chemicals, Inc. $APD

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  • 155,167 Air Products and Chemicals, Inc. $APD Shares Purchased by Ferguson Wellman Capital Management Inc.

  • Air Products and Chemicals, Inc. $APD Shares Purchased by Baker Tilly Wealth Management LLC

  • Air Products and Chemicals, Inc. $APD Stock Bought by MassMutual Private Wealth & Trust FSB

  • Air Products and Chemicals (APD) Upgraded to Buy: Here's What You Should Know

  • APD Gains on Growth Project and Productivity Amid Helium Pricing Woes