What is Air Products and Chemicals's change in AP?

Air Products and Chemicals (APD) reported change in AP of -$55.1M in Q1 2026.

How has Air Products and Chemicals's change in AP changed year-over-year?

Air Products and Chemicals's change in AP increased by 29.5% year-over-year, from -$78.2M to -$55.1M.

What is the long-term trend for Air Products and Chemicals's change in AP?

Over 2 years (2021 to 2025), Air Products and Chemicals's change in AP has grown at a 9.2% compound annual growth rate (CAGR), from $187.9M to -$224M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Air Products and Chemicals APD Change in AP

Change in AP at other companies

Chart IndustriesGTLS

-$203.7M-224%

LindeLIN

$35M+117%

ASP Isotopes, Inc.ASPI

-$162K-115%

LSB IndustriesLXU

$1.99M+112%

Range ResourcesRRC

$83.22M+130%

OGS

ONE GASOGS

-$78.6M-7.9%

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$65.29B+11.1%

Enterprise value$65.25B+13.1%

P/E31.1×-6.8×

P/S5.2×+0.4×

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:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

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 change in AP?: Air Products and Chemicals (APD) reported change in AP of -$55.1M in Q1 2026.
How has Air Products and Chemicals's change in AP changed year-over-year?: Air Products and Chemicals's change in AP increased by 29.5% year-over-year, from -$78.2M to -$55.1M.
What is the long-term trend for Air Products and Chemicals's change in AP?: Over 2 years (2021 to 2025), Air Products and Chemicals's change in AP has grown at a 9.2% compound annual growth rate (CAGR), from $187.9M to -$224M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.