Air Products & Chemicals, Inc.
APD- Exchange
- NYSE
- Industry
- Industrial Inorganic Chemicals
- SEC CIK
- 0000002969
No open-market purchases or sales by Air Products & Chemicals, Inc. insiders were filed in the last 90 days; 1,783 institutions reported holding it in 13F filings for Q2 2026, worth $59.4B in total; superinvestors Viking Global Investors and Markel Group hold it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 11:00 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $394.5M (3.3% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 6, 2025 | Nov 7, 2024 | Nov 7, 2023 | Nov 3, 2022 | Nov 4, 2021 |
| Revenue | $12.0B | $12.1B | $12.6B | $12.7B | $10.3B |
| Cost of revenue | $8.26B | $8.17B | $8.83B | $9.34B | $7.19B |
| Research and development | $96.3M | $100.2M | $105.6M | $102.9M | $93.5M |
| Selling, general and administrative | $906.1M | $942.4M | $957.0M | $900.6M | $828.4M |
| Operating income | -$877.0M | $4.47B | $2.49B | $2.34B | $2.28B |
| Interest expense | – | – | $177.5M | $128.0M | $141.8M |
| Income tax | -$94.3M | $944.9M | $551.2M | $500.8M | $462.8M |
| Net income | -$394.5M | $3.83B | $2.30B | $2.26B | $2.10B |
| EPS, basic | $-1.77 | $17.21 | $10.35 | $10.16 | $9.47 |
| EPS, diluted | $-1.77 | $17.18 | $10.33 | $10.14 | $9.43 |
| Weighted shares, basic | 222.7M | 222.5M | 222.3M | 222.0M | 221.6M |
| Weighted shares, diluted | 222.7M | 222.8M | 222.7M | 222.5M | 222.5M |
| Margins and growth | |||||
| Operating margin | -7.3% | 36.9% | 19.8% | 18.4% | 22.1% |
| Net margin | -3.3% | 31.6% | 18.3% | 17.8% | 20.3% |
| Revenue growth, year over year | −0.5% | −4.0% | −0.8% | +23.0% | +16.6% |
| Net income growth, year over year | −110.3% | +66.4% | +2.0% | +7.5% | +11.3% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 6, 2025 | Nov 7, 2024 | Nov 7, 2023 | Nov 3, 2022 | Nov 4, 2021 |
| Cash and equivalents | $1.86B | $2.98B | $1.62B | $2.71B | $4.47B |
| Short-term investments | $0 | $5.00M | $332.2M | $590.7M | $1.33B |
| Accounts receivable | $1.90B | $1.82B | $1.70B | $1.79B | $1.45B |
| Inventory | $776.5M | $766.0M | $651.8M | $514.2M | $453.9M |
| Total current assets | $5.83B | $6.36B | $5.20B | $6.28B | $8.38B |
| Property, plant and equipment | $25.3B | $23.4B | $17.5B | $14.2B | $13.3B |
| Goodwill | $963.9M | $905.1M | $861.7M | $823.0M | $911.5M |
| Intangible assets | $293.5M | $311.6M | $334.6M | $347.5M | $420.7M |
| Total assets | $41.1B | $39.6B | $32.0B | $27.2B | $26.9B |
| Short-term debt | $34.7M | $83.5M | $259.5M | $10.7M | $2.40M |
| Total current liabilities | $4.22B | $4.18B | $3.90B | $3.47B | $2.80B |
| Total liabilities | $23.7B | $20.9B | $16.3B | $13.5B | $12.8B |
| Shareholders' equity | $17.3B | $18.7B | $15.7B | $13.7B | $14.1B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 6, 2025 | Nov 7, 2024 | Nov 7, 2023 | Nov 3, 2022 | Nov 4, 2021 |
| Capital expenditures | $7.02B | $6.80B | $4.63B | $2.93B | $2.46B |
| Depreciation and amortization | $1.56B | $1.45B | $1.36B | $1.34B | $1.32B |
| Stock-based compensation | $76.4M | $61.8M | $59.9M | $48.4M | $44.5M |
| Dividends paid | $1.58B | $1.56B | $1.50B | $1.38B | $1.26B |
| Net change in cash | -$1.12B | $1.36B | -$1.09B | -$1.76B | -$784.1M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.6% | 0.5% | 0.5% | 0.4% | 0.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Jun 30, 2026 | 222.7M | +0.1% | SEC |
| Mar 31, 2026 | 222.7M | +0.1% | SEC |
| Dec 31, 2025 | 222.7M | +0.1% | SEC |
| Oct 31, 2025 | 222.6M | +0.1% | SEC |
| Jun 30, 2025 | 222.6M | +0.1% | SEC |
| Mar 31, 2025 | 222.5M | +0.1% | SEC |
| Dec 31, 2024 | 222.5M | +0.1% | SEC |
| Oct 31, 2024 | 222.4M | +0.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.