What is Air Products and Chemicals's goodwill?

Air Products and Chemicals (APD) reported goodwill of $958.7M in Q1 2026.

How has Air Products and Chemicals's goodwill changed year-over-year?

Air Products and Chemicals's goodwill increased by 8.1% year-over-year, from $887.1M to $958.7M.

What is the long-term trend for Air Products and Chemicals's goodwill?

Over 5 years (2020 to 2025), Air Products and Chemicals's goodwill has grown at a 1.6% compound annual growth rate (CAGR), from $891.5M to $963.9M.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Air Products and Chemicals APD Goodwill

Goodwill at other companies

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$3.06B+3.8%

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$27.88B+5.2%

ASP Isotopes, Inc.ASPI

$6.39M+96.0%

CF IndustriesCF

$2.49B0.0%

Ingersoll RandIR

$8.47B+1.6%

Ichor HoldingsICHR

$335.4M0.0%

Segments

By segment

See full

Europe$591.8M+12.8%

Asia$171.8M+1.8%

Americas$145M+0.7%

Corporate And Other$34.3M+0.9%

Middle East and India$15.8M—

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$1.1B+236%

CapEx$1.1B-41.4%

Free cash flow-$3.9M+99.8%

Valuation

See full

Market cap$62.07B+3.1%

Enterprise value$62.03B+3.2%

P/E29.5×-9.7×

P/S5×0.0×

Profitability

See full

Gross margin32%0.0pp

Operating margin18.3%+6.0pp

Net margin16.9%+4.1pp

FCF margin-10%-4.2pp

Returns & leverage

See full

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:Goodwill.

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 goodwill?: Air Products and Chemicals (APD) reported goodwill of $958.7M in Q1 2026.
How has Air Products and Chemicals's goodwill changed year-over-year?: Air Products and Chemicals's goodwill increased by 8.1% year-over-year, from $887.1M to $958.7M.
What is the long-term trend for Air Products and Chemicals's goodwill?: Over 5 years (2020 to 2025), Air Products and Chemicals's goodwill has grown at a 1.6% compound annual growth rate (CAGR), from $891.5M to $963.9M.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.