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Air Products and Chemicals APD Return on invested capital

Return on invested capital at other companies

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-175.5%-1,892pp
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6.6%+5.7pp
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ONE GASOGS
6.8%-0.3pp
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15%+1.7pp
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1.4%+0.8pp

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$65.67B+2.6%
Enterprise value$66.07B+5.1%
P/S5.2×-0.1×

Profitability

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Gross margin32.1%+0.8pp
Operating margin-4.8%-10.3pp
Net margin-11.9%-19.4pp
FCF margin-2.4%-1.2pp

Returns & leverage

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Return on equity-0.3%-0.5pp
Debt / equity0.0×
Current ratio1.1×-0.3×

Where this comes from

Calculated from Air Products and Chemicals’s reported figures.

Based on trailing twelve months.

The source filing: Air Products and Chemicals’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 6:58 AM EDT
Accession
0000002969-26-000034

FAQ

What is Air Products and Chemicals's return on invested capital?
Air Products and Chemicals (APD) reported return on invested capital of -19.2% in Q3 2026.
How has Air Products and Chemicals's return on invested capital changed year-over-year?
Air Products and Chemicals's return on invested capital decreased by 209.6% year-over-year, from -6.2% to -19.2%.
What is the long-term trend for Air Products and Chemicals's return on invested capital?
Over 5 years (2021 to 2026), Air Products and Chemicals's return on invested capital has grown at a -2.7% compound annual growth rate (CAGR), from 22% to -19.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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