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Air Products and Chemicals APD Free cash flow yield

Free cash flow yield at other companies

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LindeLIN
2.2%0.0pp
CF Industries logo
CF IndustriesCF
8.1%-6.2pp
IR
Ingersoll RandIR
3.7%-0.6pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
3%-2.1pp
Oneok logo
OneokOKE
3.9%-1.0pp
Atmos Energy logo
Atmos EnergyATO
-6.5%+1.2pp

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$62.4B-1.4%
Enterprise value$62.36B-1.4%
P/E29.7×-11.6×
P/S-0.3×

Profitability

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Gross margin32%0.0pp
Operating margin18.3%+6.0pp
Net margin16.9%+4.1pp

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

Calculated from Air Products and Chemicals’s reported figures.

Based on trailing twelve months.

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 free cash flow yield?
Air Products and Chemicals (APD) reported free cash flow yield of -1.9% in Q1 2026.
How has Air Products and Chemicals's free cash flow yield changed year-over-year?
Air Products and Chemicals's free cash flow yield increased by 70.7% year-over-year, from -6.6% to -1.9%.
What is the long-term trend for Air Products and Chemicals's free cash flow yield?
Over 4 years (2021 to 2025), Air Products and Chemicals's free cash flow yield has grown at a 43.1% compound annual growth rate (CAGR), from 6.2% to -25.8%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.