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.
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Air Products and Chemicals, Inc. (APD) Free cash flow
Air Products and Chemicals, Inc.'s free cash flow for fiscal 2025 was −$3.5B, compared with −$1.3B in fiscal 2024. Over the twelve months to 30 June 2026 it was −$108.2M. Over the past ten years it has ranged from −$3.5B (fiscal 2025) to $1.5B (fiscal 2017) — the current reading is the lowest in ten years. Air Products and Chemicals, Inc. ranks 57th of 59 Specialty Chemicals companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | −$3.5B | — |
| FY2024 | −$1.3B | — |
| FY2023 | −$1.4B | — |
| FY2022 | $290.3M | (68.05%) |
| FY2021 | $908.5M | 8.67% |
| FY2020 | $836.0M | (15.67%) |
| FY2019 | $991.3M | (3.53%) |
| FY2018 | $1.0B | (32.89%) |
| FY2017 | $1.5B | 9.71% |
| FY2016 | $1.4B | 48.49% |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $393.3M | 772.06% |
| Mar 2026 | $45.1M | — |
| Dec 2025 | −$350.5M | — |
| Sep 2025 | −$196.1M | — |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| LIN Linde PLC compare | $5.0B |
| SHW The Sherwin-Williams Company compare | $3.2B |
| ECL Ecolab Inc. compare | $1.9B |
| LYB LyondellBasell Industries N.V. compare | $1.7B |
| PPG PPG Industries, Inc. compare | $1.4B |
| RPM RPM International Inc. compare | $756.5M |
| DD DuPont de Nemours, Inc. compare | $702.0M |
| IFF International Flavors & Fragrances Inc. compare | $557.0M |
| APD Air Products and Chemicals, Inc. | −$108.2M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on APD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement