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Air Products and Chemicals APD Tax holiday income tax benefits

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Air Products and Chemicals logo
Air Products and ChemicalsAPD
$7.58M+17.9%

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$65.71B+2.2%
Enterprise value$66.12B+4.6%
P/S5.2×-0.1×

Profitability

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Gross margin32.1%+0.8pp
Operating margin-21.5%-45.5pp
Net margin-0.4%-0.7pp
FCF margin-2.4%-1.2pp

Returns & leverage

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Return on equity-10.3%-15.1pp
Debt / equity0.0×
Current ratio1.1×-0.3×

Where this comes from

Reported directly by Air Products and Chemicals in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxHolidayAggregateDollarAmount.

The source filing: Air Products and Chemicals’s 10-K, filed November 20, 2025.

Filed
Nov 20, 2025
Fiscal year
FY2025
Accession
0000002969-25-000055

"Foreign tax differentials" represent the differences between foreign earnings subject to foreign tax rates that are different than the U.S. federal statutory rate and include tax holidays, credits, and other incentives. Our income tax holidays relate to operations in jurisdictions that provide reduced income tax rates for certain qualifying activities and are conditioned upon us satisfying certain requirements. These holidays are effective through fiscal years 2030 and 2033, and may be extended. The impact of these tax holidays decreased foreign taxes by $30.3, $25.7, and $24.8 for fiscal years 2025, 2024, and 2023, respectively. The benefit of the tax holidays on net income per share was $0.14, $0.12, and $0.11 per diluted share for fiscal years 2025, 2024, and 2023, respectively.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Air Products and Chemicals's tax holiday income tax benefits?
Air Products and Chemicals (APD) reported tax holiday income tax benefits of $7.58M in Q3 2025.
How has Air Products and Chemicals's tax holiday income tax benefits changed year-over-year?
Air Products and Chemicals's tax holiday income tax benefits increased by 17.9% year-over-year, from $6.43M to $7.58M.
What is the long-term trend for Air Products and Chemicals's tax holiday income tax benefits?
Over 3 years (2021 to 2025), Air Products and Chemicals's tax holiday income tax benefits has grown at a 4.0% compound annual growth rate (CAGR), from $26.9M to $30.3M.
What does tax holiday income tax benefits mean?
The total dollar value of tax savings realized through government-granted tax holidays in specific jurisdictions. These holidays are typically offered to incentivize investment in certain regions or industries. This metric quantifies the direct benefit to net income provided by these favorable tax incentives.

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