NYSE:APD
Air Products & Chemicals, Inc.
Air Products & Chemicals, Inc.'s revenue fell 0.5% in fiscal 2025 to $12.0B while operating margin fell to −7.3%, its lowest in 10 years. Free cash flow was −$3.8B, −31.3% of revenue.Summary generated from Air Products & Chemicals, Inc.'s SEC filings. Latest annual report filed Nov 20, 2025.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$12.0B
Revenue growth−0.5%
Revenue, 5-yr CAGR+6.3%
Gross margin31.4%
Operating margin−7.3%
Net margin−3.3%
ROIC−5.1%
Return on equity−2.5%
Debt / equity0.00
Free cash flow−$3.8B
FCF margin−31.3%
Share count change−0.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 10.3 | 12.7 | 12.6 | 12.1 | 12.0 |
| Operating income | 2.3 | 2.3 | 2.5 | 4.5 | −0.9 |
| Net income | 2.1 | 2.3 | 2.3 | 3.8 | −0.4 |
| Free cash flow | 0.9 | 0.2 | −1.4 | −3.1 | −3.8 |
Recent filings
- 4Insider transaction report
Oct 1, 2026 - 4Insider transaction report
Oct 1, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 30, 2026 - 8-KResults of operations and financial condition
Jul 30, 2026 - 8-KMaterial impairment
Jun 30, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Apr 30, 2026 - 8-KResults of operations and financial condition
Apr 30, 2026 - 10-QQuarterly report for the period ended Dec 31, 2025
Jan 30, 2026