Air Products & Chemicals, Inc.

APD

Air Products & Chemicals, Inc.

APD

Insider Sentiment (TTM):

Last Purchase:2025-04-02Last Sale:2026-05-01Shares Purchased (TTM):0Shares Sold (TTM):74,248

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:190,075,979Shares Outstanding:222,800,000Institutional Ownership Pct.:85.31%

Earnings Market Reaction:

Filing Date:2026-04-30Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Industrial Inorganic Chemicals

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Air Products & Chemicals, Inc. (APD) — SEC Financial Statements & Analysis

Air Products & Chemicals, Inc. (APD) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Nonrelated Party	-28	17,115	16,770	2,259	983	13,171	13,429	442	629	11,715	9,281	1,679
Related Party	-28	17,115	16,770	2,259	983	13,171	13,429	442	629	11,715	9,281	1,679
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	951	1,026	1,856	2,324	1,491	1,846	2,980	2,376	2,535	1,963	1,617	1,638
Short Term Investments	-	-	0	0	111	118	5	62	103	272	332	269
Accounts Receivable Net Current	1,938	1,895	1,901	1,944	1,846	1,807	1,822	1,712	1,716	1,725	1,700	1,934
Inventory Net	768	788	777	798	770	739	766	756	721	709	652	664
Prepaid Expense Current	171	164	175	234	262	202	180	171	263	207	177	179
Assets Of Disposal Group Including Discontinued Op…	467	473	428	-	-	-	0	-	-	-	-	-
Other Assets Current	718	757	690	848	708	641	611	601	719	774	722	670
Assets Current	5,013	5,103	5,826	6,148	5,188	5,352	6,363	5,677	6,057	5,650	5,201	5,354
Assets Noncurrent
Investments In Affiliates Subsidiaries Associates …	5,409	5,440	5,366	5,228	5,129	4,772	4,793	4,715	4,759	4,685	4,618	4,494
Property Plant And Equipment Gross	44,554	43,785	-	42,985	40,646	41,098	-	37,598	35,913	34,794	-	31,716
Accumulated Depreciation Depletion And Amortizatio…	17,860	17,643	-	17,345	16,612	16,367	-	16,115	15,913	15,858	-	15,203
Property Plant And Equipment Net	26,694	26,142	25,338	25,640	24,033	24,731	23,371	21,482	20,001	18,936	17,472	16,513
Goodwill	959	972	964	970	887	867	905	879	883	899	862	892
Intangible Assets Net Excluding Goodwill	284	294	294	302	282	288	312	311	318	339	335	359
Operating Lease Right Of Use Asset	918	925	944	977	970	1,017	1,048	982	999	979	974	971
Net Investment In Lease Noncurrent	-	-	-	-	-	-	-	-	-	-	-	520
Net Investment In Lease Excluding Accrued Interest…	291	300	307	318	324	336	392	437	459	486	495	-
Notes Receivable Net	956	965	1,000	983	965	1,245	1,220	1,213	1,210	1,119	817	817
Other Assets Noncurrent	1,122	1,100	1,021	1,093	1,095	1,410	1,172	1,278	1,236	1,026	1,230	1,011
Assets Noncurrent	36,632	36,138	35,234	35,512	33,685	34,666	33,212	31,297	29,864	28,469	26,802	25,576
Liabilities And Stockhold…
Liabilities Current
Accounts Payable And Accrued Liabilities Current	2,857	3,035	3,238	3,368	3,424	3,024	2,926	3,169	2,783	2,718	2,890	3,062
Accrued Income Taxes Current	119	175	179	156	183	586	559	156	156	167	131	109
Short Term Borrowings	314	67	35	536	773	68	84	159	184	16	260	559
Long Term Debt And Capital Lease Obligations Curre…	174	170	716	699	831	1,131	611	991	938	218	615	218
Liabilities Of Disposal Group Including Discontinu…	50	52	51	-	-	-	0	-	-	-	-	-
Liabilities Current	3,513	3,498	4,219	4,760	5,211	4,809	4,180	4,475	4,061	3,119	3,896	3,948
Liabilities Noncurrent
Operating Lease Liability Noncurrent	600	607	616	647	637	655	678	639	652	635	631	636
Other Liabilities Noncurrent	1,379	1,342	1,348	1,352	1,321	1,348	1,351	1,109	1,093	1,112	1,118	1,145
Deferred Income Tax Liabilities Net	733	662	580	674	670	1,195	1,160	1,182	1,281	1,250	1,266	1,216
Liabilities Noncurrent	19,982	19,906	19,491	19,132	16,883	16,469	16,721	15,813	15,526	14,870	12,446	11,611
Liabilities	23,495	23,404	23,710	23,891	22,093	21,279	20,901	20,287	19,587	17,989	16,342	15,559
Stockholders Equity
Common Stock Value	249	249	249	249	249	249	249	249	249	249	249	249
Additional Paid In Capital Common Stock	1,317	1,306	1,307	1,302	1,291	1,261	1,253	1,238	1,216	1,200	1,191	1,177
Retained Earnings Accumulated Deficit	18,144	17,838	17,559	17,953	17,637	19,767	19,546	17,990	17,690	17,510	17,290	16,987
Accumulated Other Comprehensive Income Loss Net Of…	-2,058	-1,977	-2,088	-1,970	-2,478	-2,586	-2,028	-2,391	-2,276	-2,120	-2,449	-2,305
Treasury Stock Common Value	-2,003	-2,005	-2,002	-1,997	-1,997	-1,999	-1,984	-1,985	-1,966	-1,966	-1,967	-1,970
Treasury Stock Value	-	-	-	-	-	-	-	-	-	-	-1,967	-
Stockholders Equity	18,150	15,411	17,350	15,538	16,780	16,692	18,674	15,101	14,913	16,129	15,660	15,371
Minority Interest	2,500	2,426	2,325	2,231	2,076	2,046	1,637	1,586	1,422	1,256	1,347	1,233
Liabilities And Stockholders Equity	41,645	41,241	41,060	41,659	38,873	40,017	39,575	36,974	35,922	34,118	32,003	30,930
Variable Interest Entity Primary Beneficiary	211	7,685	7,135	534	533	5,692	4,394	738	427	2,752	2,257	1,621
N E O M Green Hydrogen Company	-	7,685	7,135	534	533	5,692	4,394	738	427	2,752	2,257	1,621
Common Stock Par Or Stated Value Per Share	1	1	1	1	1	1	1	1	1	1	1	1
Common Stock Shares Issued	249	249	249	249	249	249	249	249	249	249	249	-
Treasury Stock Common Shares	27	27	27	27	27	27	27	27	27	27	27	27
Assets	41,645	41,241	41,060	41,659	38,873	40,017	39,575	36,974	35,922	34,118	32,003	30,930

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	3.19%	3.12%	7.76%	-3.53%	-6.61%	-	-	-	-	-	-	-
2025	-3.65%	-10.93%	-18.10%	-0.85%	-0.61%	9.20%	3.97%	0.79%	-11.47%	-3.22%	5.80%	13.58%
2024	8.25%	11.94%	9.08%	11.96%	15.47%	12.01%	-4.04%	0.18%	16.22%	-5.04%	-10.34%	-5.03%
2023	-	-	-	0.39%	7.64%	9.04%	2.30%	1.71%	-0.55%	-3.78%	-0.63%	-5.03%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	1.43	1.46	1.38	1.29	1.00	1.11	1.52	1.27	1.49	1.81	1.33	1.36
Quick Ratio	1.16	1.19	1.16	1.07	0.80	0.92	1.30	1.06	1.25	1.52	1.12	1.14
Working Capital	1.50B	1.61B	1.61B	1.39B	-23.00M	542.30M	2.18B	1.20B	2.00B	2.53B	1.30B	1.41B
Leverage & Debt
Debt to Equity	1.29	1.52	1.37	1.54	1.32	1.27	1.12	1.34	1.31	1.12	1.04	1.01
Interest Coverage TTM	9.84	-3.48	-4.10	7.81	7.77	21.37	20.41	12.81	12.87	13.22	14.05	14.71
Debt Ratio	0.56	0.57	0.58	0.57	0.57	0.53	0.53	0.55	0.55	0.53	0.51	0.50
Efficiency & Turnover
Asset Turnover TTM	0.31	0.30	0.30	0.31	0.32	0.32	0.34	0.36	0.37	0.40	0.43	0.44
Days Sales Outstanding TTM	55.40	55.35	56.44	55.33	54.07	53.57	53.12	54.98	51.52	52.19	50.62	52.07
Receivables Turnover TTM	6.59	6.59	6.47	6.60	6.75	6.81	6.87	6.64	7.09	6.99	7.21	7.01
Per Share Metrics
Diluted EPS TTM	9.58	-1.44	-1.77	6.90	6.79	17.16	17.18	11.54	11.09	10.49	10.33	9.93
Free Cash Flow Per Share TTM	-11.28	-18.27	-22.57	-25.07	-23.74	-20.63	-18.46	-15.71	-16.30	-14.05	-10.90	-3.55
Dividend Per Share TTM	7.15	7.13	7.11	7.09	7.07	7.05	7.03	7.01	6.99	6.86	6.73	6.60
Margin Metrics
Gross Profit Margin TTM	31.98%	31.63%	31.41%	31.87%	31.95%	32.55%	32.49%	31.67%	31.40%	30.55%	29.90%	28.75%
Operating Profit Margin TTM	18.41%	-6.44%	-7.29%	12.69%	12.29%	36.92%	36.91%	22.97%	22.11%	20.20%	19.80%	18.36%
Net Profit Margin TTM	17.13%	-2.63%	-3.28%	12.76%	12.58%	31.77%	31.64%	21.23%	20.32%	18.82%	18.26%	17.04%
Growth Metrics
Net Revenue Growth (1Y)	3.69%	1.44%	-0.52%	-0.38%	-1.09%	-3.12%	-3.96%	-6.74%	-7.47%	-3.54%	-0.78%	8.43%
Net Income Growth (1Y)	41.15%	-108.38%	-110.31%	-40.11%	-38.74%	63.56%	66.43%	16.21%	12.07%	2.10%	1.49%	-3.31%
EPS Growth (1Y)	41.15%	-108.38%	-110.30%	-40.19%	-38.82%	63.41%	66.28%	16.16%	11.97%	1.96%	1.35%	-3.49%
Valuation Metrics
P/E TTM	29.94	-168.37	-149.96	39.52	41.79	16.15	16.45	21.09	20.61	24.42	25.50	27.87
P/B	3.52	3.50	3.41	3.91	3.77	3.70	3.37	3.59	3.41	3.54	3.75	4.01
P/S TTM	5.13	4.42	4.91	5.04	5.26	5.13	5.20	4.48	4.19	4.60	4.66	4.75
Market Cap	63.92B	53.96B	59.16B	60.82B	63.21B	61.76B	62.96B	54.20B	50.88B	57.08B	58.66B	61.64B
Enterprise Value	63.46B	53.17B	58.05B	59.73B	63.32B	61.11B	60.68B	52.97B	49.47B	55.36B	57.91B	60.78B
Calculated Values
Free Cash Flow TTM	-2.51B	-4.07B	-5.03B	-5.58B	-5.29B	-4.59B	-4.11B	-3.49B	-3.63B	-3.13B	-2.42B	-790.10M
Net Debt	-463.10M	-789.90M	-1.11B	-1.09B	112.50M	-645.90M	-2.28B	-1.23B	-1.41B	-1.73B	-742.50M	-861.00M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-01Sale

Owner: Schaeffer, Melissa N.

Title: Exec Vice President and CFO

Shares: 2,714

Price/Share: $303.76

Value: $824,404.64

Shares Owned: 14,212

Relationship: Officer

Ownership: Direct

2026-02-12Sale

Owner: Mantle, Ridge Lp, Hilal P…

Title: -

Shares: 70,175

Price/Share: $284.21

Value: $19,944,436.75

Shares Owned: 93,499

Relationship: Other

Ownership: Indirect

2025-08-05Sale

Owner: Brifo, Victoria

Title: Exec VP, Chief HR Officer

Shares: 1,359

Price/Share: $292.38

Value: $397,344.42

Shares Owned: 8,686

Relationship: Officer

Ownership: Direct

2025-04-03Sale

Owner: Evans, Andrew W

Title: -

Shares: 5

Price/Share: $283.20

Value: $1,416.00

Shares Owned: 5

Relationship: Director

Ownership: Direct

2025-04-02Purchase

Owner: Evans, Andrew W

Title: -

Shares: 5

Price/Share: $294.96

Value: $1,474.80

Shares Owned: 10

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-05-01	Schaeffer, Melissa N.	Officer	Exec Vice President and CFO	Direct	Sale	2,714	303.76	$824,404.64	14,212	4
2026-02-12	Mantle, Ridge Lp, Hilal P…	Other	-	Indirect	Sale	70,175	284.21	$19,944,436.75	93,499	4
2025-08-05	Brifo, Victoria	Officer	Exec VP, Chief HR Officer	Direct	Sale	1,359	292.38	$397,344.42	8,686	4
2025-04-03	Evans, Andrew W	Director	-	Direct	Sale	5	283.20	$1,416.00	5	4
2025-04-02	Evans, Andrew W	Director	-	Direct	Purchase	5	294.96	$1,474.80	10	4
2025-03-05	Nelson, Walter L.	Officer	Sr. VP, Glob Helium & Rare Gas	Direct	Sale	589	308.50	$181,706.50	719	4
2025-02-20	Lefevere, Kurt	Officer	President, Asia	Direct	Sale	1,500	316.17	$474,255.00	1,462	4
2025-02-18	Brifo, Victoria	Officer	Exec VP, Chief HR Officer	Direct	Sale	2,362	315.82	$745,966.84	10,045	4
2025-02-18	Mok, Wilbur	Officer	President, Equip. Businesses	Direct	Sale	1,300	315.88	$410,644.00	3,193	4
2025-02-18	Bols, Ivo	Officer	President, Europe & Africa	Direct	Sale	18,000	313.82	$5,648,760.00	10,088	4
2025-02-13	Galovich, Brian	Officer	Exec VP, CIO	Direct	Sale	2,089	315.79	$659,685.31	5,278	4
2025-02-11	Hababou, Ahmed	Officer	President, Middle East & India	Direct	Sale	1,608	307.97	$495,215.76	1,906	4
2025-02-10	Schaeffer, Melissa N.	Officer	Exec Vice President and CFO	Direct	Sale	3,233	307.32	$993,565.56	10,680	4
2025-02-10	Maione, Francesco	Officer	President, Americas	Direct	Sale	2,016	306.00	$616,896.00	3,834	4
2025-02-07	Major, Sean D	Officer	Executive VP & General Counsel	Direct	Sale	4,500	315.46	$1,419,570.00	14,273	4
2023-12-05	Kutz, Jeffrey	Officer	VP, Controller & PAO	Direct	Sale	107	264.74	$28,327.18	1,270	4
2023-11-13	Ghasemi, Seifi	Officer	Chairman, Pres. and CEO	Direct	Purchase	11,000	264.42	$2,908,620.00	670,673	4
2023-11-08	Ghasemi, Seifi	Officer	Chairman, Pres. and CEO	Direct	Purchase	10,000	252.34	$2,523,400.00	659,673	4
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Institutional Ownership

No data available for chart

2026-03-31

85.31%

Inst. Shares: 190,075,979

Shares Outstanding: 222,800,000

2025-12-31

91.99%

Inst. Shares: 204,948,621

Shares Outstanding: 222,800,000

2025-09-30

90.46%

Inst. Shares: 201,444,085

Shares Outstanding: 222,700,000

2025-06-30

90.97%

Inst. Shares: 202,681,612

Shares Outstanding: 222,800,000

2025-03-31

88.31%

Inst. Shares: 196,745,691

Shares Outstanding: 222,800,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	190,075,979	222,800,000	85.31%
2025-12-31	204,948,621	222,800,000	91.99%
2025-09-30	201,444,085	222,700,000	90.46%
2025-06-30	202,681,612	222,800,000	90.97%
2025-03-31	196,745,691	222,800,000	88.31%
2024-12-31	194,435,334	222,700,000	87.31%
2024-09-30	187,089,108	222,500,000	84.08%
2024-06-30	188,191,486	222,500,000	84.58%
2024-03-31	173,785,467	222,500,000	78.11%
2023-12-31	178,631,565	222,500,000	80.28%
2023-09-30	163,335,301	222,300,000	73.48%
2023-06-30	161,431,027	222,400,000	72.59%
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Air Products & Chemicals, Inc. (APD) — SEC Financial Statements & Analysis

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