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) Return on invested capital
Air Products and Chemicals, Inc.'s return on invested capital over the twelve months to 30 June 2026 was −1.12%, up 0.5 percentage points from fiscal 2025 (−1.65%). Over the past ten years it has ranged from −1.65% (fiscal 2025) to 11.0% (fiscal 2019) — the current reading is the lowest in ten years. That is below the Specialty Chemicals industry median of 2.75% and below the Basic Materials sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | −1.65% | (11.01) |
| FY2024 | 9.36% | 2.80 |
| FY2023 | 6.56% | (1.55) |
| FY2022 | 8.11% | (0.85) |
| FY2021 | 8.96% | (1.04) |
| FY2020 | 10.0% | (0.95) |
| FY2019 | 11.0% | 0.68 |
| FY2018 | 10.3% | 1.55 |
| FY2017 | 8.72% | (0.69) |
| FY2016 | 9.41% | 2.74 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| SHW The Sherwin-Williams Company compare | 16.0% |
| RPM RPM International Inc. compare | 11.2% |
| PPG PPG Industries, Inc. compare | 9.87% |
| ECL Ecolab Inc. compare | 9.83% |
| LIN Linde PLC compare | 9.20% |
| LYB LyondellBasell Industries N.V. compare | 2.87% |
| DD DuPont de Nemours, Inc. compare | 2.84% |
| IFF International Flavors & Fragrances Inc. compare | 2.65% |
| APD Air Products and Chemicals, Inc. | −1.12% |
| Specialty Chemicals industry median | 2.75% |
| Basic Materials sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on APD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- 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
- 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