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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-0.2%
Gross profit$1.0B+1.4%
Operating income-$2.1B
Net income-$1.4B
EPS (diluted)-$6.47

Balance sheet

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Cash & equivalents$980.5M-47.2%
Total debt$1.4B+86.7%
Total equity$13.9B-7.6%
Total assets$40.4B-1.5%

Cash flow

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Operating cash flow$1.3B+3.5%
CapEx$995.7M-34.4%
Free cash flow$309.5M+221%

Valuation

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Market cap$67.57B+5.2%
Enterprise value$67.98B+7.7%
P/S5.4×0.0×

Profitability

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Gross margin32.1%+0.8pp
Operating margin-21.5%-45.5pp
Net margin-0.4%-0.7pp
FCF margin-2.4%-1.2pp

Returns & leverage

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Return on equity-10.3%-15.1pp
Debt / equity0.1×+0.1×
Current ratio1.1×-0.3×

Where this comes from

Reported directly by Air Products and Chemicals in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Air Products and Chemicals’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 11:07 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0000002969-26-000020
Line itemAmericasAsiaEuropeMiddle East and IndiaCorporate and otherTotal
Three Months Ended 31 March 2026
Sales(A)$1,383.9$832.6$789.0$29.2$137.1$3,171.8
Cost of sales(959.5)(561.6)(508.9)(21.5)(132.9)(2,184.4)
Selling and administrative expense(53.8)(33.0)(69.7)(4.6)(66.1)(227.2)
Other segment items(B)3.32.01.21.5(15.5)(7.5)
Operating income (loss)(C)373.9240.0211.64.6(77.4)752.7
Other segment information:
Depreciation and amortization171.7116.872.56.08.0375.0

Item 1. Financial Statements (Unaudited)

FAQ

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.

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