APD
Air Products and Chemicals Inc
NYSE: APD · BASIC MATERIALS · SPECIALTY CHEMICALS
$300.05
-0.81% today
Updated 2026-04-29
Market cap
$67.19B
P/E ratio
—
P/S ratio
5.50x
EPS (TTM)
$-1.48
Dividend yield
2.36%
52W range
$226 – $305
Volume
1.3M
Air Products and Chemicals Inc (APD) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.85B | $9.15B | $10.41B | $8.26B | $9.03B | $10.08B | $9.61B | $10.18B | $10.44B | $7.82B | $7.50B | $8.19B | $8.93B | $8.92B | $8.86B | $10.32B | $12.70B | $12.60B | $12.10B | $12.04B |
| Revenue growth (YoY) | — | +3.4% | +13.8% | -20.7% | +9.3% | +11.7% | -4.7% | +5.9% | +2.5% | -25.0% | -4.1% | +9.1% | +9.1% | -0.1% | -0.7% | +16.6% | +23.0% | -0.8% | -4.0% | -0.5% |
| Cost of revenue | $6.56B | $6.70B | $7.69B | $6.04B | $6.50B | $7.32B | $7.05B | $7.47B | $7.63B | $5.60B | $5.18B | $5.75B | $6.19B | $5.98B | $5.86B | $7.19B | $9.34B | $8.83B | $8.17B | $8.26B |
| Gross profit | $2.29B | $2.45B | $2.72B | $2.21B | $2.52B | $2.77B | $2.56B | $2.71B | $2.81B | $2.23B | $2.33B | $2.43B | $2.74B | $2.94B | $3.00B | $3.14B | $3.36B | $3.77B | $3.93B | $3.78B |
| Gross margin | 25.9% | 26.8% | 26.1% | 26.8% | 28.0% | 27.4% | 26.6% | 26.6% | 26.9% | 28.5% | 31.0% | 29.7% | 30.7% | 33.0% | 33.9% | 30.4% | 26.5% | 29.9% | 32.5% | 31.4% |
| R&D | $151.40M | $129.00M | $130.70M | $116.30M | $114.70M | $118.80M | $126.40M | $133.70M | $141.40M | $76.40M | $71.60M | $57.80M | $64.50M | $72.90M | $83.90M | $93.50M | $102.90M | $105.60M | $100.20M | $96.30M |
| SG&A | $1.08B | $1.18B | $1.12B | $1.27B | $962.00M | $1.01B | $946.80M | $1.09B | $1.06B | $792.30M | $683.80M | $713.50M | $760.80M | $750.00M | $742.10M | $828.40M | $900.60M | $957.00M | $942.40M | $906.10M |
| Operating income | $1.06B | $1.38B | $1.50B | $846.30M | $1.39B | $1.62B | $1.28B | $1.32B | $1.34B | $1.23B | $1.54B | $1.44B | $1.97B | $2.14B | $2.24B | $2.28B | $2.34B | $2.49B | $4.47B | $-877.00M |
| Operating margin | 11.9% | 15.0% | 14.4% | 10.3% | 15.4% | 16.1% | 13.3% | 13.0% | 12.8% | 15.8% | 20.5% | 17.6% | 22.0% | 24.0% | 25.3% | 22.1% | 18.4% | 19.8% | 36.9% | -7.3% |
| EBITDA | $1.81B | $2.22B | $2.51B | $1.80B | $2.38B | $2.66B | $2.28B | $2.40B | $2.44B | $2.23B | $2.52B | $2.40B | $3.12B | $3.51B | $3.72B | $3.97B | $4.22B | $4.42B | $6.49B | $1.34B |
| EBITDA margin | 20.5% | 24.2% | 24.1% | 21.8% | 26.4% | 26.4% | 23.7% | 23.6% | 23.3% | 28.5% | 33.6% | 29.3% | 34.9% | 39.3% | 42.0% | 38.5% | 33.2% | 35.1% | 53.6% | 11.1% |
| EBIT | $1.05B | $1.38B | $1.64B | $958.50M | $1.52B | $1.78B | $1.44B | $1.49B | $1.48B | $1.37B | $1.67B | $1.54B | $2.15B | $2.43B | $2.53B | $2.65B | $2.88B | $3.06B | $5.04B | $-226.70M |
| Interest expense | $119.30M | $163.20M | $162.00M | $121.90M | $121.90M | $115.50M | $123.70M | $141.80M | $125.10M | $102.80M | $115.20M | $120.60M | $130.50M | $137.00M | $109.30M | $141.80M | $128.00M | $177.50M | $218.80M | $214.00M |
| Income tax | $269.10M | $301.20M | $365.30M | $185.30M | $339.50M | $408.40M | $287.30M | $307.90M | $369.40M | $300.20M | $432.60M | $260.90M | $524.30M | $480.10M | $478.40M | $462.80M | $500.80M | $551.20M | $944.90M | $-94.30M |
| Effective tax rate | 27.1% | 22.5% | 28.7% | 22.7% | 24.8% | 25.0% | 19.8% | 23.6% | 27.1% | 19.0% | 40.7% | 8.0% | 25.9% | 21.4% | 20.2% | 18.1% | 18.2% | 19.3% | 19.8% | 19.3% |
| Net income | $723.40M | $1.04B | $909.70M | $631.30M | $1.03B | $1.22B | $1.17B | $994.20M | $991.70M | $1.28B | $631.10M | $3.00B | $1.50B | $1.76B | $1.89B | $2.10B | $2.26B | $2.30B | $3.83B | $-394.50M |
| Net income growth (YoY) | — | +43.2% | -12.2% | -30.6% | +63.0% | +19.0% | -4.6% | -14.8% | -0.3% | +28.9% | -50.6% | +375.4% | -50.1% | +17.5% | +7.2% | +11.3% | +7.5% | +2.0% | +66.4% | -110.3% |
| Profit margin | 8.2% | 11.3% | 8.7% | 7.6% | 11.4% | 12.1% | 12.1% | 9.8% | 9.5% | 16.3% | 8.4% | 36.6% | 16.8% | 19.7% | 21.3% | 20.3% | 17.8% | 18.3% | 31.6% | -3.3% |