Air Products & Chemicals, Inc. (APD) Financial Statements
Historical financial data — 43 statements covering FY2016–FY2025
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the world's largest su...
Air Products & Chemicals, Inc.'s revenue decreased 0.5% year over year, from $12.10B to $12.04B.
Net income decreased 110.3% over the same period, from $3.83B to $-394.5M.
Over the 9-year period from FY2016 to FY2025, revenue grew by 26% in total.
Total debt increased by 24.7% to $16.98B.
The debt-to-equity ratio stands at 1.13, indicating a elevated leverage profile.
Operating cash flow declined 10.7% to $3.26B.
Air Products & Chemicals, Inc. maintains a negative net profit margin of -3.3%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q4 FY2024 | $3.19B+6.8% | $1.95B | $1.08B | $805.9M | $957.0M | $39.57B | $13.62B | $17.04B |
| Q1 FY2025 | $2.93B-8.0% | $617.4M | $915.0M | $643.6M | $811.7M | $40.02B | $13.34B | $16.69B |
| Q2 FY2025 | $2.92B-0.5% | $-1.73B | $862.3M | $633.3M | $328.1M | $38.87B | $15.03B | $14.70B |
| Q3 FY2025 | $3.02B+3.7% | $713.8M | $982.6M | $734.4M | $855.8M | $41.66B | $17.00B | $15.54B |
| Q4 FY2025 | $3.17B+4.8% | $4.9M | $1.02B | $799.4M | $1.26B | $41.06B | $16.98B | $15.02B |
| Q1 FY2026 | $3.10B-2.0% | $678.2M | $995.0M | $734.5M | $900.7M | $41.24B | $17.36B | $15.41B |
| Q2 FY2026 | $3.17B+2.2% | $710.4M | $987.4M | $752.7M | $1.10B | $41.64B | $18.44B | $18.15B |
| Q3 FY2026 | $3.16B-0.3% | $-1.44B | $1.04B | $821.7M | $1.31B | $40.45B | $18.27B | $16.60B |
Balance Sheet Summary (Q3 FY2026)
Air Products & Chemicals, Inc. (APD) Financial Statements & Revenue History
Air Products & Chemicals, Inc. (APD) is a US-listed stock operating in the Basic Materials sector, specifically the Industrial Inorganic Chemicals industry trading at $300.00 with a market capitalization of $67. This page provides 43 historical financial statements for Air Products & Chemicals, Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Air Products & Chemicals, Inc. reported revenue of $12.0 billion, a 0.5% decline from the prior year. The net profit margin of -3.3% indicates the company is currently unprofitable. The debt-to-equity ratio of 1.13 indicates elevated leverage.
APD Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Air Products & Chemicals, Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether APD is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track APD's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Air Products & Chemicals, Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of APD's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use APD Financial Data
Investors use Air Products & Chemicals, Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare APD's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how APD's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View APD's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Air Products & Chemicals, Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.APD trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.