Tearsheet

Air Products & Chemicals (APD)

Market Price (9/14/2025): $293.41 | Market Cap: $65.4 Bil
Sector: Materials | Industry: Industrial Gases

Air Products & Chemicals (APD)

Market Price (9/14/2025): $293.41
Market Cap: $65.4 Bil
Sector: Materials
Industry: Industrial Gases

Investment Highlights

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, CFO LTM is 3.4 Bil	Weak multi-year price returns 2Y Excs Rtn is -44%, 3Y Excs Rtn is -41%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x, P/EPrice/Earnings or Price/(Net Income) is 43x
1	Attractive yield Dividend Yield is 2.4%		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.1%, Rev Chg QQuarterly Revenue Change % is -0.5%
2	Low stock price volatility Vol 12M is 25%		Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -36%

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, CFO LTM is 3.4 Bil
1	Attractive yield Dividend Yield is 2.4%
2	Low stock price volatility Vol 12M is 25%
3	Weak multi-year price returns 2Y Excs Rtn is -44%, 3Y Excs Rtn is -41%
4	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x, P/EPrice/Earnings or Price/(Net Income) is 43x
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.1%, Rev Chg QQuarterly Revenue Change % is -0.5%
6	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -36%

Market Valuation

	9/14/25	2024	2023	2022	2021
Share Price CYE	$293.41	$284.70	$263.40	$289.30	$278.40
Market Cap CYE ($ Bil)	65.4	63.4	58.6	64.3	61.8
Total Debt ($ Bil)	16.5	15.0	11.0	8.3	8.2
Total Cash ($ Bil)	1.6	3.0	1.9	3.3	5.8
Enterprise Value ($ Bil)	80.3	78.4	69.6	72.6	70.0
Valuation Ratios
P/S TTM	5.4	5.3	4.8	5.4	6.5
P/EBIT TTM	31.3	12.8	19.9	23.7	25.4
P/E TTM	42.6	16.9	26.5	30.3	32.1
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4	1.2	1.6
P/EBIT TTM (Sector)	7.2	6.3	6.6	4.7	5.7
P/E TTM (Sector)	4.4	5.5	7.0	4.6	7.3

	9/14/25	2024	2023
Share Price CYE	$293.41	$284.70	$263.40
Market Cap CYE ($ Bil)	65.4	63.4	58.6
Total Debt ($ Bil)	16.5	15.0	11.0
Total Cash ($ Bil)	1.6	3.0	1.9
Enterprise Value ($ Bil)	80.3	78.4	69.6
Valuation Ratios
P/S TTM	5.4	5.3	4.8
P/EBIT TTM	31.3	12.8	19.9
P/E TTM	42.6	16.9	26.5
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4
P/EBIT TTM (Sector)	7.2	6.3	6.6
P/E TTM (Sector)	4.4	5.5	7.0

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
APD Return	19%	14%	4%	-9%	8%	3%	42%
Peers Return	14%	24%	-21%	19%	-19%	-25%	-21%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: DD, DOW, EMN, CE, HUN. See APD Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Air Products & Chemicals Earnings Notes
2	Why You Shouldn?t Be Buying Air Products & Chemicals Stock	Buy or Fear
3	Air Products & Chemicals vs Alphabet: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Air Products & Chemicals vs Newmont: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	How Does APD Stack Up Against Its Peers?	Peer Comparison
6	Better Bet Than APD Stock: Pay Less Than Air Products & Chemicals To Get More From GOOGL, UNH
7	Better Bet Than APD Stock: Pay Less Than Air Products & Chemicals To Get More From ATR, NEU
8	Air Products & Chemicals vs. Large Cap Stocks: Which Is A Better Investment?	Investment Theme Comparisons
9	Air Products & Chemicals Total Shareholder Return (TSR): 9.6% in 2024 and 10.0% 3-yr compounded annual returns (above peer average)
10	APD YTD Stock Return Of 9.7% Outperforms CE by 36% and Outperforms DD by 2.4%	Return
11	ARTICLES
12	Why you shouldn’t be buying Air Products & Chemicals stock		August 20th, 2025

	Title
0	DASHBOARDS
1	Why you shouldn’t be buying Air Products & Chemicals stock
2	ARTICLES
3	Air Products & Chemicals Earnings Notes
4	Why You Shouldn?t Be Buying Air Products & Chemicals Stock
5	Air Products & Chemicals vs Alphabet: Which Is A Better Investment?
6	Air Products & Chemicals vs Newmont: Which Is A Better Investment?
7	How Does APD Stack Up Against Its Peers?
8	Better Bet Than APD Stock: Pay Less Than Air Products & Chemicals To Get More From GOOGL, UNH
9	Better Bet Than APD Stock: Pay Less Than Air Products & Chemicals To Get More From ATR, NEU
10	Air Products & Chemicals vs. Large Cap Stocks: Which Is A Better Investment?
11	Air Products & Chemicals Total Shareholder Return (TSR): 9.6% in 2024 and 10.0% 3-yr compounded annual returns (above peer average)
12	APD YTD Stock Return Of 9.7% Outperforms CE by 36% and Outperforms DD by 2.4%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for Air Products & Chemicals

Financials

	APD	DD	DOW	EMN	CE	HUN	Median
Name	Air Prod.	DuPont d.	Dow	Eastman .	Celanese	Huntsman
Mkt Price	293.41	77.40	25.01	67.38	45.50	10.88	56.44
Mkt Cap	65.4	32.4	17.7	7.7	5.0	1.9	12.7
Rev LTM	12,021	12,607	41,819	9,286	9,939	5,860	10,980
Op Inc LTM	2,891	2,025	708	1,337	932	5	1,134
FCF LTM	-4,333	1,108	-1,740	406	632	134	270
FCF 3Y Avg	-2,336	693	1,192	453	947	152	573
CFO LTM	3,358	2,064	1,235	1,002	1,020	299	1,128
CFO 3Y Avg	3,306	2,013	3,916	1,147	1,440	362	1,726

Growth & Margins

	APD	DD	DOW	EMN	CE	HUN	Median
Name	Air Prod.	DuPont d.	Dow	Eastman .	Celanese	Huntsman
Rev Chg LTM	-1.1%	4.6%	-2.8%	1.5%	-5.8%	-1.6%	-1.3%
Rev Chg 3Y Avg	2.3%	-1.0%	-11.2%	-5.1%	1.4%	-11.6%	-3.1%
Rev Chg Q	-0.5%	2.7%	-7.4%	-3.2%	-4.5%	-7.4%	-3.9%
QoQ Delta Rev Chg LTM	-0.1%	0.7%	-1.9%	-0.8%	-1.2%	-1.9%	-1.0%
Op Mgn LTM	24.1%	16.1%	1.7%	14.4%	9.4%	0.1%	11.9%
Op Mgn 3Y Avg	22.4%	15.1%	4.1%	12.7%	9.9%	1.8%	11.3%
QoQ Delta Op Mgn LTM	-0.5%	0.3%	-1.6%	-0.7%	-0.5%	-0.6%	-0.6%
CFO/Rev LTM	27.9%	16.4%	3.0%	10.8%	10.3%	5.1%	10.5%
CFO/Rev 3Y Avg	26.6%	16.3%	8.6%	12.2%	14.0%	5.8%	13.1%
FCF/Rev LTM	-36.0%	8.8%	-4.2%	4.4%	6.4%	2.3%	3.3%
FCF/Rev 3Y Avg	-19.3%	5.5%	2.4%	4.8%	9.2%	2.4%	3.6%

Valuation

	APD	DD	DOW	EMN	CE	HUN	Median
Name	Air Prod.	DuPont d.	Dow	Eastman .	Celanese	Huntsman
Mkt Cap	65.4	32.4	17.7	7.7	5.0	1.9	12.7
P/S	5.4	2.6	0.4	0.8	0.5	0.3	0.7
P/EBIT	31.3	38.4	50.7	6.4	-9.5	-23.8	18.8
P/E	42.6	-167.1	-18.1	9.3	-3.1	-5.6	-4.3
P/CFO	19.5	15.7	14.4	7.7	4.9	6.3	11.1
Total Yield	4.8%	1.4%	5.6%	13.2%	-29.3%	-8.7%	3.1%
Dividend Yield	2.4%	2.0%	11.1%	2.5%	3.2%	9.2%	2.8%
FCF Yield 3Y Avg	-3.8%	2.3%	1.6%	4.5%	8.9%	4.8%	3.4%
D/E	0.3	0.2	1.0	0.7	2.7	1.3	0.8
Net D/E	0.2	0.2	0.9	0.6	2.4	1.1	0.7

Returns

	APD	DD	DOW	EMN	CE	HUN	Median
Name	Air Prod.	DuPont d.	Dow	Eastman .	Celanese	Huntsman
1M Rtn	0.8%	6.3%	8.7%	2.4%	7.3%	8.9%	6.8%
3M Rtn	5.1%	16.2%	-15.0%	-11.9%	-16.5%	0.0%	-5.9%
6M Rtn	1.6%	1.4%	-29.6%	-25.5%	-20.0%	-35.6%	-22.7%
12M Rtn	5.6%	-3.1%	-46.3%	-32.5%	-62.7%	-48.1%	-39.4%
3Y Rtn	27.1%	48.9%	-36.2%	-8.6%	-55.1%	-53.4%	-22.4%
1M Excs Rtn	-2.3%	3.2%	9.0%	-0.9%	7.3%	5.7%	4.4%
3M Excs Rtn	-4.9%	4.6%	-24.6%	-22.9%	-28.7%	-16.5%	-19.7%
6M Excs Rtn	-18.0%	-14.9%	-47.4%	-43.6%	-33.3%	-52.5%	-38.4%
12M Excs Rtn	-10.8%	-20.6%	-66.8%	-48.9%	-81.3%	-65.4%	-57.1%
3Y Excs Rtn	-41.0%	-19.5%	-104.4%	-83.5%	-121.8%	-118.7%	-93.9%

Comparison Analyses

	Title
0	How Does APD Stack Up Against Its Peers?
1	Air Products & Chemicals vs. DuPont de Nemours: Neither Seems Like A Good Bet
2	Air Products & Chemicals vs. Dow: With Return Forecast Of 13%, Air Products & Chemicals Is A Better Bet
3	APD or CE - With 5.0% Return Forecast, CE Probably Deserves Your Money
4	APD or EMN - With 13% Return Forecast, EMN Probably Deserves Your Money
5	HUN Could Deliver 6.8% Returns And Outperform APD
6	Air Products and Chemicals vs. Intuit: With Return Forecast Of 38%, Intuit Is A Better Bet
7	Air Products and Chemicals vs. Stryker: With Return Forecast Of 20%, Stryker Is A Better Bet
8	Air Products and Chemicals vs. NVIDIA: With Return Forecast Of 13%, Air Products and Chemicals Is A Better Bet
9	Air Products and Chemicals vs. Colgate Palmolive: Similar Market Cap, But Air Products and Chemicals Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 9/30	LTM	2024	2023	2022	2021	2020	2019
Period End		9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019
Filing Date		11/21/2024	11/16/2023	11/22/2022	11/18/2021	11/19/2020	11/26/2019
Key Financials
Total Revenue	12,021	12,101	12,600	12,699	10,323	8,856	8,919
Ebitda	3,582	6,491	4,418	4,221	3,970	3,718	3,509
Operating Income	2,891	2,948	2,739	2,412	2,268	2,238	2,170
Net Income	1,533	3,828	2,300	2,256	2,099	1,887	1,760
EPS	6.89	17.21	10.35	10.16	9.47	8.53	7.99
Growth Rates
Total Revenue Growth	-1.1%	-4.0%	-0.8%	23.0%	16.6%	-0.7%	-0.1%
EBITDA Growth	-23.4%	46.9%	4.7%	6.3%	6.8%	5.9%	12.6%
Operating Income Growth	3.2%	7.6%	13.5%	6.4%	1.3%	3.1%	10.4%
Net Income Growth	-37.9%	66.4%	2.0%	7.5%	11.3%	7.2%	17.5%
Margins
EBITDA Margin	29.8%	53.6%	35.1%	33.2%	38.5%	42.0%	39.3%
Operating Income Margin	24.1%	24.4%	21.7%	19.0%	22.0%	25.3%	24.3%
Net Income Margin	12.8%	31.6%	18.3%	17.8%	20.3%	21.3%	19.7%
Cash & Debt
Total Cash	1,603	2,985	1,949	3,302	5,801	6,358	2,415
Total Debt	16,495	15,006	11,032	8,327	8,219	8,314	3,326
Net Debt / (Cash)	14,892	12,021	9,082	5,025	2,418	1,956	911
Cash Flows
Net Cash from Operations	3,358	3,647	3,206	3,230	3,342	3,265	2,970
Free Cash from Operations	-4,333	-3,150	-1,420	304	878	756	980
Returns to Shareholders
Dividends	1,574	1,565	1,497	1,383	1,257	1,104	994
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 9/30	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Filing Date	5/1/2025	2/6/2025	11/21/2024	8/1/2024	4/30/2024	2/5/2024	11/16/2023	8/3/2023	5/9/2023	2/2/2023	11/22/2022	8/4/2022
Key Financials Quarterly
Total Revenue	2,916	2,932	3,188	2,986	2,930	2,997	3,191	3,034	3,200	3,175	3,570	3,189
Ebitda	-1,818	1,200	2,934	1,266	1,132	1,160	1,246	1,137	951	1,083	1,076	1,091
Operating Income	631	674	849	738	694	667	739	703	645	652	700	627
Net Income	-1,731	617	1,950	697	572	609	693	596	440	572	583	582
EPS	-7.77	2.77	8.76	3.13	2.57	2.74	3.11	2.68	1.98	2.58	2.63	2.62
Key Financials TTM
Total Revenue TTM	12,021	12,035	12,101	12,104	12,153	12,423	12,600	12,979	13,134	12,879	12,699	11,970
Ebitda TTM	3,582	6,531	6,491	4,804	4,676	4,495	4,418	4,248	4,202	4,278	4,221	4,203
Operating Income TTM	2,891	2,954	2,948	2,837	2,803	2,754	2,739	2,701	2,625	2,542	2,412	2,329
Net Income TTM	1,533	3,836	3,828	2,571	2,470	2,337	2,300	2,191	2,177	2,268	2,256	2,283
Growth Rates Quarterly
Total Revenue Growth	-0.5%	-2.2%	-0.1%	-1.6%	-8.4%	-5.6%	-10.6%	-4.9%	8.7%	6.0%	25.7%	22.4%
EBITDA Growth	-260.5%	3.5%	135.4%	11.3%	19.0%	7.1%	15.8%	4.2%	-7.4%	5.6%	1.7%	9.4%
Operating Income Growth	-9.1%	1.0%	14.9%	4.9%	7.6%	2.3%	5.5%	12.1%	14.9%	24.7%	13.5%	8.7%
Net Income Growth	-402.3%	1.3%	181.5%	17.0%	30.2%	6.5%	18.8%	2.3%	-17.1%	2.1%	-4.5%	9.1%
Margins Quarterly
EBITDA Margin	-62.3%	40.9%	92.0%	42.4%	38.6%	38.7%	39.1%	37.5%	29.7%	34.1%	30.1%	34.2%
Operating Income Margin	21.6%	23.0%	26.6%	24.7%	23.7%	22.2%	23.1%	23.2%	20.2%	20.5%	19.6%	19.7%
Net Income Margin	-59.3%	21.1%	61.2%	23.3%	19.5%	20.3%	21.7%	19.6%	13.7%	18.0%	16.3%	18.3%
Cash & Debt
Total Cash	1,603	1,963	2,985	2,438	2,638	2,234	1,949	1,906	2,514	3,151	3,302	3,315
Total Debt	16,495	15,126	15,006	14,672	14,274	12,743	11,032	10,027	9,773	8,685	8,327	7,586
Net Debt / (Cash)	14,892	13,163	12,021	12,234	11,636	10,508	9,082	8,121	7,260	5,535	5,025	4,271
Cash Flows Quarterly
FCF from Operations	328	812	957	1,261	802	627	1,003	845	639	719	1,017	908
Cash Flows TTM
FCF from Operations TTM	3,358	3,832	3,647	3,693	3,277	3,114	3,206	3,220	3,283	3,164	3,230	3,040
Returns to Shareholders Quarterly
Dividends	394	394	394	394	389	389	389	389	360	359	359	359
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	13.1%	16.8%	22.2%	20.1%	19.5%	20.8%	26.6%	28.2%	28.0%	38.2%	45.5%	47.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	16.2%	18.1%	19.7%	19.1%	19.7%	21.3%	24.4%	26.9%	29.2%	37.4%	39.3%	44.7%

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$292.82
Market Cap ($ Bil)	65.2
First Trading Date	04/06/1983
Distance from 52W High	-12.3%
	50 Days	200 Days
DMA Price	$291.80	$291.56
DMA Trend	down	up
Distance from DMA	0.3%	0.4%
	3M	1YR
Volatility	18.3%	25.5%
Downside Capture	129.12	81.15
Upside Capture	89.40	72.97
Correlation (SPY)	57.9%	60.7%

APD Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.96	1.06	1.17	0.90	0.79	0.74
Up Beta	1.44	1.16	1.29	0.82	0.76	0.80
Down Beta	0.84	0.78	0.93	0.91	0.85	0.70
Up Capture	85%	101%	105%	81%	68%	37%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	11	19	31	60	127	391
Down Capture	78%	122%	137%	108%	87%	93%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	10	22	31	65	121	359

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	5,145,925
Short Interest: % Change Since 8152025	1.0%
Average Daily Volume	630,667
Days-to-Cover Short Interest	8.16
Basic Shares Quantity	222,800,000
Short % of Basic Shares	2.3%

Returns Analyses

	Title
0	APD YTD Stock Return Of 9.7% Outperforms CE by 36% and Outperforms DD by 2.4%
1	Will You Be Comfortable Buying Air Products & Chemicals Stock?
2	Air Products & Chemicals Stock Return Comparison
3	[9/30/2021] Air Products and Chemicals (APD) Stock Price Forecast: AI Forecasts APD Stock Price To Be Around $262 In A Month (Up 2.4%)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/31/2025	-0.8%	-0.4%	1.7%
5/1/2025	0.4%	-2.4%	2.9%
2/6/2025	-1.5%	-6.8%	-5.0%
11/7/2024	2.0%	2.0%	4.4%
8/1/2024	9.0%	5.2%	5.0%
4/30/2024	-0.7%	4.0%	9.3%
2/5/2024	-15.6%	-14.8%	-7.2%
11/7/2023	-12.6%	-9.0%	-10.3%
...
SUMMARY STATS
# Positive	8	10	12
# Negative	16	14	12
Median Positive	3.4%	4.6%	3.9%
Median Negative	-5.2%	-5.7%	-4.9%
Max Positive	9.0%	14.3%	29.9%
Max Negative	-15.6%	-14.8%	-21.1%

	Forward Returns
7/31/2025	-0.8%	-0.4%	1.7%
5/1/2025	0.4%	-2.4%	2.9%
2/6/2025	-1.5%	-6.8%	-5.0%
11/7/2024	2.0%	2.0%	4.4%
8/1/2024	9.0%	5.2%	5.0%
4/30/2024	-0.7%	4.0%	9.3%
2/5/2024	-15.6%	-14.8%	-7.2%
11/7/2023	-12.6%	-9.0%	-10.3%
8/3/2023	-5.8%	-4.7%	-1.3%
5/9/2023	-5.3%	-5.5%	-4.5%
2/2/2023	-7.1%	-9.7%	-7.3%
11/3/2022	7.7%	14.3%	29.9%
8/4/2022	4.9%	8.1%	1.7%
5/5/2022	-4.7%	-5.9%	1.9%
2/4/2022	-6.3%	-10.1%	-21.1%
11/4/2021	-0.3%	4.0%	-4.5%
8/9/2021	-5.2%	-3.8%	-8.2%
5/10/2021	1.0%	3.6%	3.1%
2/4/2021	-7.2%	-8.3%	-4.6%
11/12/2020	-5.5%	-4.7%	-4.8%
7/23/2020	-0.8%	-2.3%	-3.2%
4/23/2020	-1.5%	7.6%	9.8%
1/24/2020	2.8%	1.7%	3.5%
11/7/2019	4.0%	8.5%	6.0%
SUMMARY STATS
# Positive	8	10	12
# Negative	16	14	12
Median Positive	3.4%	4.6%	3.9%
Median Negative	-5.2%	-5.7%	-4.9%
Max Positive	9.0%	14.3%	29.9%
Max Negative	-15.6%	-14.8%	-21.1%

SEC Filings

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Report Date	Filing
6302025	10-Q 6/30/2025
3312025	10-Q 3/31/2025
12312024	10-Q 12/31/2024
9302024	10-K 9/30/2024
6302024	10-Q 6/30/2024
3312024	10-Q 3/31/2024
12312023	10-Q 12/31/2023
9302023	10-K 9/30/2023
6302023	10-Q 6/30/2023
3312023	10-Q 3/31/2023
12312022	10-Q 12/31/2022
9302022	10-K 9/30/2022
6302022	10-Q 6/30/2022
3312022	10-Q 3/31/2022
12312021	10-Q 12/31/2021
9302021	10-K 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Brifo Victoria	Exec VP, Chief HR Officer	8062025	Sell	292.38	1,359	397,344	2,539,613	Form
1	Nelson Walter L.	Sr. VP, Glob Helium & Rare Gas	3062025	Sell	308.50	589	181,706	221,812	Form
2	Lefevere Kurt	President, Asia	2212025	Sell	316.17	1,500	474,255	462,241	Form
3	Mok Wilbur	President, Equip. Businesses	2192025	Sell	315.88	1,300	410,644	1,008,605	Form
4	Brifo Victoria	Exec VP, Chief HR Officer	2192025	Sell	315.82	2,362	745,967	3,172,412	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Air Products & Chemicals (APD)

Market Price (9/14/2025): $293.41 | Market Cap: $65.4 BilSector: Materials | Industry: Industrial Gases

Air Products & Chemicals (APD)

Market Price (9/14/2025): $293.41Market Cap: $65.4 BilSector: MaterialsIndustry: Industrial Gases

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Market Price (9/14/2025): $293.41 | Market Cap: $65.4 Bil
Sector: Materials | Industry: Industrial Gases

Market Price (9/14/2025): $293.41
Market Cap: $65.4 Bil
Sector: Materials
Industry: Industrial Gases