Air Products and Chemicals APD Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 31.4%-1.1pp | 32.5%+2.6pp | 29.9%+3.4pp | 26.5%-3.9pp | |
| Operating margin | -7.4%-44.3pp | 36.9%+17.1pp | 19.8%+1.4pp | 18.4%-3.7pp | |
| Net margin | -3.3%-35.0pp | 31.6%+13.4pp | 18.3%+0.5pp | 17.8%-2.6pp | |
| EBITDA margin | 5.6%-43.3pp | 48.9%+18.3pp | 30.6%+1.6pp | 29%-5.9pp | |
| Free cash flow margin | -31.3%-5.3pp | -26%-14.8pp | -11.3%-13.2pp | 1.9%-6.5pp | |
| Returns | |||||
| Return on equity | -2.5%-26.9pp | 24.4%+7.7pp | 16.8%-0.2pp | 16.9%+0.5pp | |
| Return on assets | -1%-11.7pp | 10.7%+2.9pp | 7.8%-0.6pp | 8.3%+0.3pp | |
| Return on invested capital | -6.2%-31.3pp | 25.1%+8.8pp | 16.3%-2.2pp | 18.4%-3.6pp | |
| Efficiency | |||||
| Asset turnover | 0.3×0.0× | 0.3×-0.1× | 0.4×0.0× | 0.5×+0.1× | |
| Inventory turnover | 10.7×-0.8× | 11.5×-3.6× | 15.2×-4.1× | 19.3×+2.6× | |
| Liquidity | |||||
| Current ratio | 1.4×-0.1× | 1.5×+0.2× | 1.3×-0.5× | 1.8×-1.2× | |
| Quick ratio | 1.2×-0.1× | 1.3×+0.2× | 1.2×-0.5× | 1.7×-1.2× | |
| Cash ratio | 0.4×-0.3× | 0.7×+0.3× | 0.4×-0.4× | 0.8×-0.8× | |
| Leverage | |||||
| Debt-to-equity | 0×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -1.7×-1.3× | -0.4×-0.2× | -0.2×+0.4× | -0.5×+0.5× | |
| Interest coverage | -4.2×-24.6× | 20.4×+6.4× | 14.1×-4.2× | 18.3×+2.2× | |
| Per Share | |||||
| Book value per share | $67.47-11.8% | $76.47+19.0% | $64.27+8.8% | $59.07-2.9% | |
| Valuation | |||||
| Market capitalization | $60.69B-8.3% | $66.19B+5.1% | $62.96B+22.0% | $51.62B-9.1% | |
| Enterprise value | $59.58B-7.0% | $64.07B+2.8% | $62.33B+25.7% | $49.6B-6.2% | |
| Price / sales | 5×-0.4× | 5.5×+0.5× | 5×+0.9× | 4.1×-1.4× | |
| Price / book | 4×+0.2× | 3.9×-0.5× | 4.4×+0.5× | 3.9×-0.3× | |
| EV / EBITDA | 88.9×+78.0× | 10.8×-5.3× | 16.2×+2.7× | 13.5×-1.2× | |
| EV / sales | 4.9×-0.3× | 5.3×+0.3× | 4.9×+1.0× | 3.9×-1.2× | |
| Free cash flow yield | -6.2%-1.4pp | -4.8%-2.5pp | -2.3%-2.7pp | 0.5%-1.1pp | |
| Earnings yield | -0.7%-6.4pp | 5.8%+2.1pp | 3.7%-0.7pp | 4.4%+0.7pp | |
| Dividend yield | 2.6%+0.2pp | 2.4%0.0pp | 2.4%-0.3pp | 2.7%+0.5pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Air Products and Chemicals's profit margins?
- Air Products and Chemicals (APD) runs a 32.0% gross margin and a 18.3% operating margin, with a 16.9% net margin.
- Where do Air Products and Chemicals's ratios come from?
- Every ratio is computed from Air Products and Chemicals's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
