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Air Products and Chemicals APD Q3 2025 earnings

Reported July 31, 2025 · Before market open

Revenue$3.0BBeat by $34.2M
EPS$3.09Beat by $0.10
Revenue estimate$3.0B
EPS estimate$2.99

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$3.3B
EPS estimate$3.60

Financials

Q3 2025

Income statement

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Revenue$3.0B+1.2%
Gross profit$982.6M+0.3%
Operating income$790.6M+7.2%
Net income$713.8M+2.5%
EPS (diluted)$3.20+2.2%

Balance sheet

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Cash & equivalents$2.3B-2.2%
Total debt$1.2B+48.1%
Total equity$15.5B+2.9%
Total assets$41.7B+12.7%

Cash flow

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Operating cash flow$855.8M-32.2%
CapEx$1.5B-6.9%
Free cash flow-$640.0M-85.4%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$62.53B+9.0%
Enterprise value$61.39B+10.0%
P/E40.3×+18.0×
P/S5.2×+0.4×

Profitability

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Gross margin31.9%+0.2pp
Operating margin12.7%-10.3pp
Net margin12.9%-8.4pp
FCF margin-38.4%+243pp

Returns & leverage

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Return on equity10.1%-7.5pp
Debt / equity0.1×0.0×
Current ratio1.3×0.0×

Segments

By segment

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Americas$1.3B+2.1%
Asia$810.0M+2.6%
Europe$770.5M+11.1%
Corporate And Other$142.9M-39.2%

By product

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Onsite$1.5B+8.4%
Merchant$1.3B+0.7%
Saleof Equipment$142.9M-39.2%

By geography

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Other foreign operations$1.4B+3.4%

FAQ

When did Air Products and Chemicals report Q3 2025 earnings?
Air Products and Chemicals (APD) reported Q3 2025 earnings on July 31, 2025 before market open.
What were Air Products and Chemicals's Q3 2025 revenue and EPS?
Air Products and Chemicals reported revenue of $3.0B and eps of $3.09 for Q3 2025.
Did Air Products and Chemicals beat estimates in Q3 2025?
Revenue beat the consensus estimate of $3.0B by $34.2M. EPS beat the consensus estimate of $2.99 by $0.10.
How did Air Products and Chemicals's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.3% from $3.0B a year earlier and eps declined 3.4% from $3.20.
Where can I find Air Products and Chemicals's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000002969-25-000042) and the 10-Q periodic report (0000002969-25-000044) directly on SEC EDGAR. The filing index links above go to sec.gov.