Air Products and Chemicals, Inc.: stock overview

APDNYSEBasic materials · Industrial Inorganic Chemicals

Price

$316.53

November 13, 2026Market cap $70.5B

What Ploutos Investor adds for Air Products and Chemicals

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  • The full history: 17 fiscal years, from FY2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The latest annual figures the company filed are for 2025, more than a year ago. Newer ones may be late.

In short

Air Products and Chemicals had revenue of $12.6B over the last 12 months and a net loss of $47M. Revenue grew by 6.3% a year on average over the last 5 years. It has net debt of $16.7B. It pays a dividend yielding 2.28%.

From its SEC filings (latest fiscal year to September 30, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$70.5B
223M shares
P/E
–
median of 4 years: 25.1
Revenue, 12 months
$12.6B
+6.3% a year over 5 years
Net margin
-0.4%
FY2025: -3.3%, above 51% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

-2.3% a year over 2 years

  • FY2025Sep 30, 202510-K
    Revenue$12.0B
  • FY2024Sep 30, 202410-K
    Revenue$12.1B
  • FY2023Sep 30, 202310-K
    Revenue$12.6B

Fiscal years in figures

APD's revenue, profit, cash flow and dividend with each year-end price, from FY2009 to FY2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $63.0B
$70.5B
Enterprise value 
$87.2B
P/E 
–
EV / EBIT 
–
EV / Revenue 
6.9
P/B 3-year median: 4.0
5.1
FCF yield 3-year median: -4.8%
–
Earnings yield 3-year median: 3.6%
–

Profitability

Gross margin 
32.1%
Operating margin 
-4.7%
Net margin 3-year median: 18.3%
-0.4%
ROIC 
-3.0%
ROIC, 5-year average 
9.3%
ROE 
-0.3%

Growth

Revenue, yearly change 
-0.5%
EPS, yearly change 
-110.3%
FCF, yearly change 
–
Revenue, average a year 
+6.3%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$981M
Total debt 
$18.2B
Of which operating leases 
$490M
Net debt 
$16.7B
Net debt / EBITDA 
17.2x
Interest cover 
-2.7x
Current ratio 
1.08

Balance sheet of June 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 2.4%
2.28%
Buybacks 
–
Total returned 
2.28%
Shares, yearly change 
+0.1%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 28).

Operating margin

-7.3%

Above 44% of the 285 companies in its industry, and 22% of all.

Net margin

-3.3%

Above 51% of the 302 companies in its industry, and 27% of all.

ROE

-2.6%

Above 52% of the 267 companies in its industry, and 26% of all.

ROA

-1.0%

Above 54% of the 313 companies in its industry, and 29% of all.

Revenue growth

-0.5%

Above 33% of the 292 companies in its industry, and 27% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Air Products & Chemicals, Inc.
CIK
2969
Exchange
NYSE
Industry (SIC)
2810 · Industrial Inorganic Chemicals
Fiscal year ends
September 30
Latest annual report
September 30, 2025
Reporting currency
USD
Shares
223M

Other companies: Basic materials

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The full analysis

What do Air Products and Chemicals's filings show?

These are Air Products and Chemicals's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about APD

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What is APD's market cap?

Air Products and Chemicals, Inc.'s market cap is $70.5B, at a price of $316.53 on November 13, 2026 and 223M shares.

How much revenue does APD have?

Air Products and Chemicals had revenue of $12.6B over the last 12 months. Over the last 5 years it changed by +6.3% a year on average.

Does APD pay a dividend?

Yes. Air Products and Chemicals paid $7.22 per share over the last 12 months, a yield of 2.28% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Air Products and Chemicals, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.