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Air Products and Chemicals APD Americas — Cost of Sales

Other segment segments

Asia
$561.6M+1.3%
Europe
$508.9M+7.4%
Corporate and other
$132.9M+11.0%
Middle East and India
$21.5M-33.4%

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Other financials

Income statement

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Revenue$3.2B+8.8%
Gross profit$987.4M+14.5%
Operating income$752.7M+132%
Net income$710.4M+141%
EPS (diluted)$3.19+141%

Balance sheet

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Cash & equivalents$951.0M-36.2%
Total debt$914.5M-35.2%
Total equity$15.6B+6.4%
Total assets$41.6B+7.1%

Cash flow

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Operating cash flow$1.1B+236%
CapEx$1.1B-41.4%
Free cash flow-$3.9M+99.8%

Valuation

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Market cap$62.07B+3.5%
Enterprise value$62.03B+3.6%
P/E29.5×-9.6×
P/S0.0×

Profitability

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Gross margin32%0.0pp
Operating margin18.3%+6.0pp
Net margin16.9%+4.1pp
FCF margin-10%-4.2pp

Returns & leverage

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Return on equity13.9%+3.5pp
Debt / equity0.1×0.0×
Current ratio1.4×+0.4×

Where this comes from

Reported directly by Air Products and Chemicals in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Air Products and Chemicals’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Air Products and Chemicals's americas — cost of sales?
Air Products and Chemicals (APD) reported americas — cost of sales of $959.5M in Q1 2026.
How has Air Products and Chemicals's americas — cost of sales changed year-over-year?
Air Products and Chemicals's americas — cost of sales increased by 9.8% year-over-year, from $873.5M to $959.5M.
What does americas — cost of sales mean?
The direct costs associated with producing and delivering industrial gases and equipment in the Americas, including raw materials, energy, and labor. This metric is a primary driver of the segment's gross margin.