Free cash flow
Air Products and Chemicals Free cash flow increased by 98.9% to -$3.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 99.8%, from -$1.56B to -$3.90M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows a downward trend with a 44.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $308.60M | $209.90M | $121.40M | -$250.00M | $202.70M | $170.00M | -$114.90M | -$368.20M | -$477.00M | -$460.60M | -$818.90M | -$867.70M | -$345.20M | -$1.12B | -$1.31B | -$1.56B | -$640.00M | -$256.50M | -$350.50M | -$3.90M |
| QoQ Change | — | -32.0% | -42.2% | -305.9% | +181.1% | -16.1% | -167.6% | -220.5% | -29.5% | +3.4% | -77.8% | -6.0% | +60.2% | -223.9% | -16.8% | -19.7% | +59.1% | +59.9% | -36.6% | +98.9% |
| YoY Change | — | — | — | — | -34.3% | -19.0% | -194.6% | -47.3% | -335.3% | -370.9% | -612.7% | -135.7% | +27.6% | -142.8% | -59.5% | -80.2% | -85.4% | +77.1% | +73.2% | +99.8% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Air Products and Chemicals's free cash flow?
- Air Products and Chemicals (APD) reported free cash flow of -$3.90M in Q1 2026.
- How has Air Products and Chemicals's free cash flow changed year-over-year?
- Air Products and Chemicals's free cash flow increased by 99.8% year-over-year, from -$1.56B to -$3.90M.
- What is the long-term trend for Air Products and Chemicals's free cash flow?
- Over 4 years (2021 to 2025), Air Products and Chemicals's free cash flow has grown at a 44.2% compound annual growth rate (CAGR), from $871.00M to -$3.77B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.