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) Price to free cash flow

Alert me on Price to free cash flow

Air Products and Chemicals, Inc. has no meaningful price to free cash flow: its trailing twelve-month free cash flow is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 1,252× (January 2023) — the current reading is the lowest in ten years.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 178× 184.90%
FY2021 62.5× (20.74%)
FY2020 78.8× 59.85%
FY2019 49.3× 36.36%
FY2018 36.2× 66.87%
FY2017 21.7× 0.49%
FY2016 21.6× (16.37%)

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
Sep 2025 0.0× —
42 more quarters

Against its own ten years

Low 0.0× High 1,252×
Ten-year median 25.1×
Current reading's percentile 30

Price to free cash flow against peers

Company Price to free cash flow
APD Air Products and Chemicals, Inc. n/m
LYB LyondellBasell Industries N.V. compare 12.1×
RPM RPM International Inc. compare 16.7×
PPG PPG Industries, Inc. compare 17.0×
DD DuPont de Nemours, Inc. compare 25.3×
SHW The Sherwin-Williams Company compare 25.3×
IFF International Flavors & Fragrances Inc. compare 41.5×
ECL Ecolab Inc. compare 42.8×
LIN Linde PLC compare 46.3×
Specialty Chemicals industry median 21.2×
Basic Materials sector median 18.4×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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