FN2 Earnings Intelligence
Air Products and Chemicals, Inc. ratios
Air Products and Chemicals, Inc. (APD) Ratios (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 9/30/2021 | 9/30/2022 | 9/30/2023 | 9/30/2024 | 9/30/2025 | 9/30/2026 est. | 9/30/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $4,468.9 | $2,711 | $1,617 | $2,979.7 | $1,856 | - | - |
| + Debt | $7,637.2 | $7,644.8 | $10,305.8 | $14,227.9 | $17,698.4 | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $10,323 | $12,698.6 | $12,600 | $12,100.6 | $12,037.3 | $12,779.5 | $13,574.2 |
| % Growth | 16.6% | 23.0% | -0.8% | -4.0% | -0.5% | 6.2% | 6.2% |
| Gross Profit | $1,492.9 | $1,894 | $2,465.5 | $2,722 | $2,849 | - | - |
| % Margin | 14.5% | 14.9% | 19.6% | 22.5% | 23.7% | - | - |
| EBITDA | $3,602.7 | $3,677 | $3,852.9 | $5,917.2 | $687.2 | - | - |
| % Margin | 34.9% | 29.0% | 30.6% | 48.9% | 5.7% | - | - |
| Net Income | $2,099.1 | $2,256.1 | $2,300.2 | $3,828.2 | -$394.5 | - | - |
| % Margin | 20.3% | 17.8% | 18.3% | 31.6% | -3.3% | - | - |
| Diluted EPS | $9.43 | $10.14 | $10.33 | $17.18 | -$1.77 | $13.23 | $14.28 |
| % Growth | 11.1% | 7.5% | 1.9% | 66.3% | -110.3% | 847.2% | 8.0% |
| Operating Cash Flow | $3,335.2 | $3,170.6 | $3,205.7 | $3,646.7 | $3,256.8 | - | - |
| CapEx | $2,464.2 | $2,926.5 | $4,626.4 | $6,796.7 | $7,022.6 | - | - |
| Free Cash Flow | $871 | $244.1 | -$1,420.7 | -$3,150 | -$3,765.8 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 9/30/2021 | 9/30/2022 | 9/30/2023 | 9/30/2024 | 9/30/2025 | 9/30/2026 est. | 9/30/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $10,323 | $12,698.6 | $12,600 | $12,100.6 | $12,037.3 | $12,779.5 | $13,574.2 |
| Gross Profit | $1,492.9 | $1,894 | $2,465.5 | $2,722 | $2,849 | - | - |
| EBITDA | $3,602.7 | $3,677 | $3,852.9 | $5,917.2 | $687.2 | - | - |
| Net Income | $2,099.1 | $2,256.1 | $2,300.2 | $3,828.2 | -$394.5 | - | - |
| Diluted EPS | $9.43 | $10.14 | $10.33 | $17.18 | -$1.77 | $13.23 | $14.28 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 9/30/2021 | 9/30/2022 | 9/30/2023 | 9/30/2024 | 9/30/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $4,468.9 | $2,711 | $1,617 | $2,979.7 | $1,856 |
| Short-term Debt | $2.4 | $10.7 | $259.5 | $83.5 | $34.7 |
| Long-term Debt | $7,634.8 | $7,634.1 | $10,046.3 | $14,144.4 | $17,663.7 |
| Total Debt | $7,637.2 | $7,644.8 | $10,305.8 | $14,227.9 | $17,698.4 |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 9/30/2021 | 9/30/2022 | 9/30/2023 | 9/30/2024 | 9/30/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $3,335.2 | $3,170.6 | $3,205.7 | $3,646.7 | $3,256.8 |
| Capital Expenditure | $2,464.2 | $2,926.5 | $4,626.4 | $6,796.7 | $7,022.6 |
| Free Cash Flow | $871 | $244.1 | -$1,420.7 | -$3,150 | -$3,765.8 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 9/30/2021 | 9/30/2022 | 9/30/2023 | 9/30/2024 | 9/30/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 16.6% | 23.0% | -0.8% | -4.0% | -0.5% |
| Gross Margin | 14.5% | 14.9% | 19.6% | 22.5% | 23.7% |
| EBITDA Margin | 34.9% | 29.0% | 30.6% | 48.9% | 5.7% |
| Net Margin | 20.3% | 17.8% | 18.3% | 31.6% | -3.3% |
| FCF Margin | 8.4% | 1.9% | -11.3% | -26.0% | -31.3% |
| Diluted EPS Growth | 11.1% | 7.5% | 1.9% | 66.3% | -110.3% |