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Air Products and Chemicals APD Excluded components recognized within earnings

Excluded components recognized within earnings at other companies

Air Products and Chemicals logo
Air Products and ChemicalsAPD
$5.1M-35.0%
Flutter Entertainment logo
Flutter EntertainmentFLUT
$0+100%
Flutter Entertainment logo
Flutter EntertainmentFLUT
$0+100%
International Business Machines logo
International Business MachinesIBM
-$10M
Bausch + Lomb logo
Bausch + LombBLCO
$1M-66.7%
Bausch Health Companies logo
Bausch Health CompaniesBHC
$3M0.0%

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$67.57B+5.2%
Enterprise value$67.98B+7.7%
P/S5.4×0.0×

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 / equity0.1×+0.1×
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:LossFromComponentsExcludedFromAssessmentOfCashFlowHedgeEffectiveness.

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

In addition, foreign currency forward points and currency swap basis differences that are excluded from the assessment of hedge effectiveness of our cash flow hedges of intercompany loans (“excluded components”) are recorded within “Other non-operating income (expense), net" on a straight-line basis. Excluded components were expenses of $20.4, $31.4, and $25.1 in fiscal years 2025, 2024, and 2023, respectively.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Air Products and Chemicals's excluded components recognized within earnings?
Air Products and Chemicals (APD) reported excluded components recognized within earnings of $5.1M in Q3 2025.
How has Air Products and Chemicals's excluded components recognized within earnings changed year-over-year?
Air Products and Chemicals's excluded components recognized within earnings decreased by 35.0% year-over-year, from $7.85M to $5.1M.
What is the long-term trend for Air Products and Chemicals's excluded components recognized within earnings?
Over 3 years (2022 to 2025), Air Products and Chemicals's excluded components recognized within earnings has grown at a -4.2% compound annual growth rate (CAGR), from $23.2M to $20.4M.
What does excluded components recognized within earnings mean?
Financial losses or expenses associated with specific business components or assets that are excluded from the primary assessment of core operating performance. These items are typically non-recurring or peripheral to the main business strategy.

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