Air Products and Chemicals, Inc.

APD Basic Materials Specialty Chemicals

Air Products and Chemicals, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $12.0 billion, down 0.52% from fiscal 2024. In the quarter to June 2026, revenue grew 4.58%, EPS fell 302.2%, free cash flow grew 180.1% and total debt rose 2.23%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

299.59 2.99 +1.01%
Market cap
$66.1B
P/E
0.0×
Fwd P/E
21.5×
Dividend yield
2.41%
F-score
2/9
Altman Z
2.41
Beneish M
−2.87
Dividend safety
20/100

Air Products and Chemicals, Inc. (APD) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Air Products and Chemicals, Inc. (APD) trades at a EV/EBITDA of 87.6×. Over the past ten years it has ranged from 11.4× (October 2018) to 111× (September 2025); the current reading is higher than 95% of that period. That is above the Specialty Chemicals industry median of 12.8× and above the Basic Materials sector median of 9.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 111× 751.44%
FY2024 13.1× (28.14%)
FY2023 18.2× 19.53%
FY2022 15.2× (6.35%)
FY2021 16.3× (17.46%)
FY2020 19.7× 27.84%
FY2019 15.4× 19.27%
FY2018 12.9× (10.59%)
FY2017 14.5× 4.40%
FY2016 13.8× (1.99%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 86.1× 308.68%
Mar 2026 21.1× (76.95%)
Dec 2025 91.4× (17.94%)
Sep 2025 111× 339.18%
42 more quarters

Against its own ten years

Low 11.4× High 111×
Ten-year median 16.3×
Current reading's percentile 95

EV/EBITDA against peers

Company EV/EBITDA
PPG PPG Industries, Inc. compare 10.7×
RPM RPM International Inc. compare 12.0×
LYB LyondellBasell Industries N.V. compare 12.9×
DD DuPont de Nemours, Inc. compare 14.5×
IFF International Flavors & Fragrances Inc. compare 16.1×
LIN Linde PLC compare 19.2×
SHW The Sherwin-Williams Company compare 19.3×
ECL Ecolab Inc. compare 22.9×
APD Air Products and Chemicals, Inc. 87.6×
Specialty Chemicals industry median 12.8×
Basic Materials sector median 9.4×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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