Air Products and Chemicals, Inc.
APD · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 12.70B | 3.36B | 2.34B | 2.26B | 10.11 |
| 2023 FY | 12.60B | 3.77B | 2.49B | 2.30B | 10.31 |
| 2024 FY | 12.10B | 3.93B | 4.47B | 3.83B | 17.21 |
| 2025 FY | 12.04B | 3.78B | -877.00M | -394.50M | -1.77 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 27.19B | 13.49B | 2.71B | 8.33B | 13.14B |
| 2023 FY | 32.00B | 16.34B | 1.62B | 11.03B | 14.31B |
| 2024 FY | 39.57B | 20.90B | 2.98B | 15.01B | 17.04B |
| 2025 FY | 41.06B | 23.71B | 1.86B | 18.41B | 15.02B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 3.23B | -2.93B | 303.70M | -1.38B | -1.76B |
| 2023 FY | 3.21B | -4.63B | -1.42B | -1.50B | -1.09B |
| 2024 FY | 3.65B | -6.80B | -3.15B | -1.56B | 1.36B |
| 2025 FY | 3.26B | -7.02B | -3.77B | -1.58B | -1.12B |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 51.67B | 57.28B | — | — | — |
| 2023 FY | 63.00B | 72.41B | — | — | — |
| 2024 FY | 66.25B | 78.27B | — | — | — |
| 2025 FY | 60.76B | 77.31B | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2027-09-30 | — | — | — | — | — |
| 2028-09-30 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q3 | 3.02B | 982.60M | 790.60M | 713.80M | 3.20 |
| 2025 Q4 | 3.17B | 1.02B | 16.80M | 4.90M | 0.02 |
| 2026 Q1 | 3.10B | 995.00M | 734.50M | 678.20M | 3.04 |
| 2026 Q2 | 3.17B | 987.40M | 752.70M | 710.40M | 3.19 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q3 | 41.66B | 23.89B | 2.32B | 18.34B | 15.54B |
| 2025 Q4 | 41.06B | 23.71B | 1.86B | 18.41B | 15.02B |
| 2026 Q1 | 41.24B | 23.40B | 1.03B | 18.14B | 15.41B |
| 2026 Q2 | 41.64B | 23.49B | 951.00M | 18.36B | 15.65B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q3 | 855.80M | -1.50B | -640.00M | -398.30M | 832.90M |
| 2025 Q4 | 1.26B | -1.52B | -256.50M | -398.40M | -468.30M |
| 2026 Q1 | 900.70M | -1.25B | -350.50M | -398.40M | -829.60M |
| 2026 Q2 | 1.10B | 1.25B | 2.35B | -398.60M | -75.40M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q3 | 62.84B | 78.86B | — | — | — |
| 2025 Q4 | 60.76B | 77.31B | — | — | — |
| 2026 Q1 | 55.04B | 72.15B | — | — | — |
| 2026 Q2 | 64.72B | 82.13B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |