Air Products & Chemicals, Inc. (APD)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue3,166,900,000$3,022,700,000$2,916,200,000$2,931,500,000$3,187,500,000$2,985,500,000$2,930,200,000$2,997,400,000$3,191,300,000$3,033,900,000$3,200,100,000$3,174,700,000$3,570,000,000$3,189,300,000$2,945,100,000$2,994,200,000$2,841,100,000$2,604,700,000$2,502,000,000$2,375,200,000$2,320,100,000$2,065,200,000$2,216,300,000$2,254,700,000$2,283,200,000$2,224,000,000$2,187,700,000$2,224,000,000$2,298,900,000$2,259,000,000$2,155,700,000$2,216,600,000$2,203,100,000$2,121,900,000$1,980,100,000$1,882,500,000$1,945,500,000$1,914,500,000$1,777,400,000$1,866,300,000$2,449,400,000$2,470,200,000$2,414,500,000$2,560,800,000$2,677,000,000$2,634,600,000$2,581,900,000$2,545,500,000$
QoQ%4.77%3.65%(.52%)(8.03%)6.77%1.89%(2.24%)(6.08%)5.19%(5.19%).80%(11.07%)11.94%8.29%(1.64%)5.39%9.08%4.11%5.34%2.38%12.34%(6.82%)(1.70%)(1.25%)2.66%1.66%(1.63%)(3.26%)1.77%4.79%(2.75%).61%3.83%7.16%5.19%(3.24%)1.62%7.71%(4.76%)(23.81%)(.84%)2.31%(5.71%)(4.34%)1.61%2.04%1.43%(1.59%)
YoY%(.65%)1.25%(.48%)(2.20%)(.12%)(1.60%)(8.43%)(5.59%)(10.61%)(4.87%)8.66%6.03%25.66%22.44%17.71%26.06%22.46%26.12%12.89%5.34%1.62%(7.14%)1.31%1.38%(.68%)(1.55%)1.48%.33%4.35%6.46%8.87%17.75%13.24%10.83%11.40%.87%(20.57%)(22.50%)(26.39%)(27.12%)(8.50%)(6.24%)(6.48%).60%3.50%3.43%3.93%(.66%)
Cost Of Revenue2,145,500,000$2,040,100,000$2,053,900,000$2,016,500,000$2,104,400,000$2,005,600,000$1,991,500,000$2,067,200,000$2,207,200,000$2,070,700,000$2,282,800,000$2,272,300,000$2,621,200,000$2,342,100,000$2,151,600,000$2,223,600,000$2,006,300,000$1,801,900,000$1,745,500,000$1,632,400,000$1,566,500,000$1,344,900,000$1,460,100,000$1,486,600,000$1,490,800,000$1,466,000,000$1,474,700,000$1,573,000,000$1,565,800,000$1,545,400,000$1,506,500,000$1,571,800,000$1,545,000,000$1,486,000,000$1,403,800,000$1,316,700,000$1,347,500,000$1,320,200,000$1,213,000,000$1,295,900,000$1,695,900,000$1,715,200,000$1,698,200,000$1,829,700,000$1,932,400,000$1,918,700,000$1,917,600,000$1,865,900,000$
Gross Profit1,021,400,000$982,600,000$862,300,000$915,000,000$1,083,100,000$979,900,000$938,700,000$930,200,000$984,100,000$963,200,000$917,300,000$902,400,000$948,800,000$847,200,000$793,500,000$770,600,000$834,800,000$802,800,000$756,500,000$742,800,000$753,600,000$720,300,000$756,200,000$768,100,000$792,400,000$758,000,000$713,000,000$651,000,000$733,100,000$713,600,000$649,200,000$644,800,000$658,100,000$635,900,000$576,300,000$565,800,000$598,000,000$594,300,000$564,400,000$570,400,000$753,500,000$755,000,000$716,300,000$731,100,000$744,600,000$715,900,000$664,300,000$679,600,000$
Gross Margin32.25%32.51%29.57%31.21%33.98%32.82%32.04%31.03%30.84%31.75%28.67%28.43%26.58%26.56%26.94%25.74%29.38%30.82%30.24%31.27%32.48%34.88%34.12%34.07%34.71%34.08%32.59%29.27%31.89%31.59%30.12%29.09%29.87%29.97%29.11%30.06%30.74%31.04%31.75%30.56%30.76%30.56%29.67%28.55%27.82%27.17%25.73%26.70%
Operating Expenses1,004,600,000$192,000,000$3,190,300,000$271,400,000$(1,341,300,000$)242,300,000$301,500,000$263,300,000$245,500,000$319,000,000$457,500,000$250,400,000$322,300,000$219,800,000$231,600,000$247,600,000$218,100,000$225,700,000$208,000,000$203,700,000$193,400,000$181,100,000$179,000,000$207,100,000$189,200,000$188,300,000$196,500,000$196,000,000$199,400,000$197,800,000$193,800,000$184,100,000$200,700,000$377,200,000$180,700,000$237,500,000$207,000,000$199,700,000$192,800,000$197,900,000$279,200,000$330,200,000$339,400,000$298,800,000$600,500,000$302,100,000$279,600,000$294,000,000$
Operating Income16,800,000$790,600,000$(2,328,000,000$)643,600,000$2,424,400,000$737,600,000$637,200,000$666,900,000$738,600,000$644,200,000$459,800,000$652,000,000$626,500,000$627,400,000$561,900,000$523,000,000$616,700,000$577,100,000$548,500,000$539,100,000$560,200,000$539,200,000$577,200,000$561,000,000$603,200,000$569,700,000$516,500,000$455,000,000$533,700,000$515,800,000$455,400,000$460,700,000$457,400,000$258,700,000$395,600,000$328,300,000$391,000,000$394,600,000$371,600,000$372,500,000$474,300,000$424,800,000$376,900,000$432,300,000$144,100,000$413,800,000$384,700,000$385,600,000$
Operating Margin.53%26.16%(79.83%)21.96%76.06%24.71%21.75%22.25%23.14%21.23%14.37%20.54%17.55%19.67%19.08%17.47%21.71%22.16%21.92%22.70%24.15%26.11%26.04%24.88%26.42%25.62%23.61%20.46%23.22%22.83%21.13%20.78%20.76%12.19%19.98%17.44%20.10%20.61%20.91%19.96%19.36%17.20%15.61%16.88%5.38%15.71%14.90%15.15%
Interest Income
Interest Expenses59,900,000$53,500,000$48,000,000$47,400,000$40,900,000$41,200,000$32,500,000$32,700,000$32,300,000$30,500,000$33,400,000$35,600,000$36,100,000$36,700,000$39,200,000$32,100,000$19,300,000$18,700,000$30,100,000$34,200,000$35,400,000$37,300,000$35,400,000$34,900,000$30,400,000$29,800,000$30,800,000$29,800,000$30,500,000$29,500,000$32,200,000$35,100,000$25,700,000$22,200,000$22,100,000$28,200,000$23,400,000$29,100,000$29,000,000$31,300,000$31,500,000$33,300,000$
Income Before Tax121,300,000$890,800,000$(2,243,300,000$)790,500,000$2,503,300,000$849,500,000$711,400,000$757,000,000$841,200,000$750,100,000$570,900,000$720,200,000$711,000,000$721,300,000$659,500,000$662,900,000$692,300,000$625,800,000$599,000,000$590,300,000$594,600,000$566,400,000$653,200,000$609,600,000$649,900,000$609,500,000$541,000,000$489,100,000$528,900,000$551,800,000$479,800,000$454,500,000$479,200,000$195,700,000$404,600,000$336,600,000$391,200,000$401,600,000$378,200,000$383,600,000$(5,700,000$)439,000,000$386,500,000$444,000,000$165,700,000$425,600,000$383,600,000$390,500,000$
Tax Expenses111,200,000$159,600,000$(505,800,000$)140,700,000$538,400,000$140,600,000$130,500,000$135,400,000$154,200,000$139,600,000$121,000,000$136,400,000$130,600,000$134,200,000$122,700,000$113,300,000$125,300,000$101,700,000$121,900,000$113,900,000$99,900,000$109,300,000$148,500,000$120,700,000$131,200,000$109,300,000$107,500,000$132,100,000$69,200,000$107,100,000$56,200,000$291,800,000$(1,300,000$)89,300,000$94,500,000$78,400,000$96,800,000$145,900,000$93,500,000$96,400,000$119,400,000$104,100,000$87,700,000$107,100,000$80,700,000$102,100,000$92,100,000$94,500,000$
Net Income10,100,000$723,200,000$(1,737,500,000$)649,800,000$1,951,000,000$708,900,000$580,900,000$621,600,000$694,400,000$610,500,000$449,900,000$583,800,000$593,000,000$587,100,000$536,800,000$549,600,000$618,800,000$532,300,000$477,100,000$486,700,000$494,700,000$457,100,000$490,400,000$488,900,000$518,700,000$500,200,000$433,500,000$357,000,000$459,700,000$487,900,000$423,600,000$161,700,000$475,000,000$104,100,000$2,135,700,000$306,400,000$400,900,000$354,100,000$(465,500,000$)372,000,000$350,000,000$333,200,000$296,900,000$337,500,000$79,000,000$323,500,000$291,500,000$299,100,000$
Profit Margin.32%23.93%(59.58%)22.17%61.21%23.75%19.83%20.74%21.76%20.12%14.06%18.39%16.61%18.41%18.23%18.36%21.78%20.44%19.07%20.49%21.32%22.13%22.13%21.68%22.72%22.49%19.82%16.05%20.00%21.60%19.65%7.30%21.56%4.91%107.86%16.28%20.61%18.50%(26.19%)19.93%14.29%13.49%12.30%13.18%2.95%12.28%11.29%11.75%
TTM(2.94%)13.16%13.08%32.33%31.92%21.53%20.63%19.13%18.56%17.24%16.86%17.86%17.85%19.15%19.65%19.90%20.49%20.31%20.68%21.49%21.81%22.17%22.26%21.69%20.29%19.59%19.38%19.34%17.17%17.53%13.39%33.76%36.90%37.16%41.40%7.92%8.82%7.63%6.89%14.70%13.32%10.34%10.08%9.87%9.51%10.26%10.10%10.28%
Earnings to Minority5,200,000$9,400,000$(6,900,000$)32,400,000$1,100,000$12,300,000$8,500,000$12,300,000$1,800,000$14,900,000$10,100,000$11,600,000$9,900,000$5,000,000$6,300,000$(10,800,000$)8,400,000$(1,300,000$)4,000,000$4,700,000$7,900,000$10,600,000$12,600,000$13,300,000$15,500,000$12,200,000$12,200,000$9,500,000$6,800,000$14,000,000$7,200,000$7,100,000$6,300,000$2,200,000$5,700,000$6,600,000$6,900,000$7,300,000$7,800,000$8,400,000$5,500,000$14,400,000$6,900,000$12,900,000$(25,000,000$)9,500,000$8,000,000$8,900,000$
Earnings to Common Shareholders4,900,000$713,800,000$(1,730,600,000$)617,400,000$1,949,900,000$696,600,000$572,400,000$609,300,000$692,600,000$595,600,000$439,800,000$572,200,000$583,100,000$582,100,000$530,500,000$560,400,000$610,400,000$533,600,000$473,100,000$482,000,000$486,800,000$446,500,000$477,800,000$475,600,000$503,200,000$488,000,000$421,300,000$347,500,000$452,900,000$473,900,000$416,400,000$154,600,000$468,700,000$101,900,000$2,130,000,000$299,800,000$394,000,000$346,800,000$(473,300,000$)363,600,000$344,500,000$318,800,000$290,000,000$324,600,000$104,000,000$314,000,000$283,500,000$290,200,000$
QoQ%(99.31%)141.25%(380.31%)(68.34%)179.92%21.70%(6.06%)(12.03%)16.29%35.43%(23.14%)(1.87%).17%9.73%(5.34%)(8.19%)14.39%12.79%(1.85%)(.99%)9.03%(6.55%).46%(5.49%)3.12%15.83%21.24%(23.27%)(4.43%)13.81%169.34%(67.02%)359.96%(95.22%)610.47%(23.91%)13.61%173.27%(230.17%)5.54%8.06%9.93%(10.66%)212.12%(66.88%)10.76%(2.31%)111.67%
YoY%(99.75%)2.47%(402.34%)1.33%181.53%16.96%30.15%6.48%18.78%2.32%(17.10%)2.11%(4.47%)9.09%12.13%16.27%25.39%19.51%(.98%)1.35%(3.26%)(8.50%)13.41%36.86%11.11%2.98%1.18%124.77%(3.37%)365.06%(80.45%)(48.43%)18.96%(70.62%)550.03%(17.55%)14.37%8.78%(263.21%)12.02%231.25%1.53%2.29%11.85%(24.14%)8.88%(2.38%)4.28%
Earnings Per Share, Basic0.02$3.20$(7.77$)2.77$8.76$3.13$2.57$2.74$3.12$2.68$1.98$2.58$2.63$2.62$2.39$2.53$2.75$2.41$2.13$2.18$2.20$2.02$2.16$2.15$2.28$2.21$1.91$1.58$2.06$2.16$1.90$0.71$2.15$0.47$9.78$1.38$1.81$1.60$(2.19$)1.68$1.60$1.48$1.35$1.52$0.49$1.47$1.33$1.37$
Earnings Per Share, Diluted0.02$3.20$(7.77$)2.77$8.75$3.13$2.57$2.73$3.11$2.67$1.97$2.57$2.62$2.62$2.38$2.52$2.74$2.40$2.13$2.17$2.19$2.01$2.15$2.14$2.27$2.20$1.90$1.57$2.05$2.15$1.89$0.70$2.13$0.46$9.70$1.36$1.80$1.59$(2.17$)1.67$1.58$1.47$1.33$1.50$0.48$1.46$1.32$1.35$
Unlevered FCF Per Share, Basic(2.87$)(7.02$)(5.86$)(1.55$)(3.90$)(3.68$)(2.14$)(1.66$)(0.52$)0.91$(1.13$)0.55$0.50$(1.54$)0.40$0.99$0.79$0.32$1.15$
Unlevered FCF Per Share, Diluted(2.87$)(7.02$)(5.86$)(1.55$)(3.90$)(3.68$)(2.14$)(1.65$)(0.52$)0.91$(1.12$)0.55$0.50$(1.53$)0.40$0.99$0.78$0.32$1.14$
Average Shares, Basic222,500,000222,800,000222,800,000222,700,000222,500,000222,500,000222,500,000222,500,000222,300,000222,400,000222,300,000222,200,000222,100,000222,000,000222,000,000221,900,000221,700,000221,600,000221,600,000221,500,000221,300,000221,200,000221,200,000220,900,000220,700,000220,600,000220,200,000219,900,000219,600,000219,500,000219,400,000218,900,000218,300,000218,100,000217,900,000217,700,000217,100,000216,600,000216,100,000215,800,000215,300,000215,200,000214,900,000214,200,000213,700,000212,900,000212,400,000211,800,000
Average Shares, Diluted222,200,000222,900,000222,800,000222,900,000222,900,000222,800,000222,700,000222,800,000222,700,000222,800,000222,700,000222,600,000222,400,000222,500,000222,500,000222,600,000222,400,000222,500,000222,500,000222,600,000222,600,000222,400,000222,300,000222,200,000222,100,000221,900,000221,400,000221,000,000220,900,000220,900,000220,800,000220,400,000220,100,000219,800,000219,700,000219,700,000219,200,000218,500,000217,900,000217,600,000217,800,000217,400,000217,400,000216,600,000216,200,000215,400,000214,900,000214,300,000
EBIT121,300,000$890,800,000$(2,243,300,000$)790,500,000$2,503,300,000$849,500,000$771,300,000$810,500,000$889,200,000$797,500,000$611,800,000$761,400,000$743,500,000$754,000,000$691,800,000$693,400,000$725,700,000$661,400,000$635,100,000$627,000,000$633,800,000$598,500,000$672,500,000$628,300,000$680,000,000$643,700,000$576,400,000$526,400,000$564,300,000$586,700,000$510,200,000$484,300,000$510,000,000$225,500,000$435,100,000$366,100,000$423,400,000$436,700,000$403,900,000$405,800,000$16,400,000$467,200,000$409,900,000$473,100,000$194,700,000$456,900,000$415,100,000$423,800,000$
EBITDA534,100,000$1,291,800,000$(1,859,700,000$)1,157,300,000$2,884,100,000$1,209,800,000$1,132,100,000$1,159,700,000$1,246,500,000$1,137,400,000$951,400,000$1,082,900,000$1,076,300,000$1,091,200,000$1,027,700,000$1,025,700,000$1,058,300,000$997,100,000$964,400,000$950,700,000$944,300,000$889,100,000$967,200,000$917,500,000$973,600,000$912,800,000$838,500,000$784,400,000$821,500,000$832,300,000$750,200,000$712,200,000$741,000,000$442,400,000$646,900,000$572,200,000$635,900,000$650,200,000$617,800,000$620,500,000$173,100,000$700,200,000$643,200,000$708,600,000$449,300,000$695,900,000$644,200,000$658,000,000$