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Air Products and Chemicals APD Free cash flow margin

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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$65.67B+2.6%
Enterprise value$66.07B+5.1%
P/S5.2×-0.1×

Profitability

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Gross margin32.1%+0.8pp
Operating margin-4.8%-10.3pp
Net margin-11.9%-19.4pp

Returns & leverage

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Return on equity-0.3%-0.5pp
Debt / equity0.0×
Current ratio1.1×-0.3×

Where this comes from

Calculated from Air Products and Chemicals’s reported figures.

Based on trailing twelve months.

The source filing: Air Products and Chemicals’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 6:58 AM EDT
Accession
0000002969-26-000034

FAQ

What is Air Products and Chemicals's free cash flow margin?
Air Products and Chemicals (APD) reported free cash flow margin of 2.1% in Q3 2026.
How has Air Products and Chemicals's free cash flow margin changed year-over-year?
Air Products and Chemicals's free cash flow margin increased by 106.7% year-over-year, from -31.3% to 2.1%.
What is the long-term trend for Air Products and Chemicals's free cash flow margin?
Over 5 years (2021 to 2026), Air Products and Chemicals's free cash flow margin has grown at a -24.3% compound annual growth rate (CAGR), from 8.4% to 2.1%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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