Air Products and Chemicals, Inc. (APD)

APD Income Statement

Revenue, expenses, and profitability analysis

APD Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	3.986B	987.400M	995.000M	1.021B	982.600M	862.300M	915.000M	1.083B	979.400M
Revenue	12.464B	3.172B	3.103B	3.167B	3.023B	2.916B	2.932B	3.188B	2.985B
Cost of Goods Sold	8.477B	2.184B	2.107B	2.146B	2.040B	2.054B	2.017B	2.104B	2.006B
Gross Profit Margin	31.1%	31.1%	32.1%	32.3%	32.5%	29.6%	31.2%	34.0%	32.8%
Total Operating Expenses	1.692B	234.700M	260.500M	1.005B	192.000M	3.190B	271.400M	-1.341B	242.300M
Research & Development	93.400M	21.600M	20.400M	27.300M	24.100M	22.900M	22.000M	22.100M	27.000M
Selling, General & Administrative	897.600M	227.200M	228.700M	219.100M	222.600M	222.000M	242.400M	228.000M	235.400M
Operating Income (EBIT)	2.295B	752.700M	734.500M	16.800M	790.600M	-2.328B	643.600M	2.424B	737.600M
Operating Margin	23.7%	23.7%	23.7%	0.5%	26.2%	-79.8%	22.0%	76.1%	24.7%
Income Before Tax (EBT)	2.746B	883.500M	850.800M	121.300M	890.800M	-2.243B	790.500M	2.503B	849.500M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	233.200M	49.500M	54.500M	67.800M	61.400M	42.200M	42.600M	49.700M	55.700M
Other Income/Expense	451.800M	130.800M	116.300M	104.500M	100.200M	84.700M	146.900M	78.900M	111.900M
Net Income	2.107B	710.400M	678.200M	4.900M	713.800M	-1.731B	617.400M	1.950B	696.600M
Income Tax Expense	588.900M	158.700M	159.400M	111.200M	159.600M	-505.800M	140.700M	538.400M	140.600M
Net Profit Margin	22.4%	22.4%	21.9%	0.2%	23.6%	-59.3%	21.1%	61.2%	23.3%
EBITDA	4.359B	1.128B	1.276B	601.900M	1.353B	-1.817B	1.200B	2.934B	1.266B
EBITDA Margin	35.6%	35.6%	41.1%	19.0%	44.8%	-62.3%	40.9%	92.0%	42.4%
Depreciation & Amortization	1.560B	375.000M	370.700M	412.800M	401.000M	383.600M	366.800M	380.800M	360.300M
EPS Basic	9.45	3.19	3.04	0.02	3.20	-7.77	2.77	8.76	3.13
EPS Diluted	9.45	3.19	3.04	0.02	3.20	-7.77	2.77	8.75	3.13
Shares Outstanding	222.800M	222.800M	222.800M	222.800M	222.800M	222.700M	222.700M	222.500M	222.500M
Diluted Shares Outstanding	222.900M	222.900M	222.900M	222.900M	222.900M	222.700M	222.900M	222.800M	222.800M

APD Annual Income Statement (USD)

Annual Report	09/30/2025	09/30/2024	09/30/2023	09/30/2022	09/30/2021	09/30/2020	09/30/2019	09/30/2018
Gross Profit	3.781B	3.932B	3.767B	3.360B	3.137B	2.998B	2.943B	2.741B
Revenue	12.037B	12.101B	12.600B	12.699B	10.323B	8.856B	8.919B	8.930B
Cost of Goods Sold	8.256B	8.169B	8.833B	9.338B	7.186B	5.858B	5.976B	6.189B
Gross Profit Margin	31.4%	32.5%	29.9%	26.5%	30.4%	33.9%	33.0%	30.7%
Total Operating Expenses	4.658B	-534.200M	1.272B	1.021B	869.100M	760.600M	799.000M	775.100M
Research & Development	96.300M	100.200M	105.600M	102.900M	93.500M	83.900M	72.900M	64.500M
Selling, General & Administrative	906.100M	942.400M	957.000M	900.600M	828.400M	742.100M	750.000M	760.800M
Operating Income (EBIT)	-877.000M	4.466B	2.495B	2.339B	2.281B	2.238B	2.144B	1.966B
Operating Margin	-7.3%	36.9%	19.8%	18.4%	22.1%	25.3%	24.0%	22.0%
Income Before Tax (EBT)	-440.700M	4.821B	2.882B	2.755B	2.507B	2.424B	2.289B	2.015B
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	214.000M	218.800M	177.500M	128.000M	141.800M	109.300M	137.000M	130.500M
Other Income/Expense	436.300M	355.100M	387.800M	415.900M	226.000M	186.200M	145.100M	49.400M
Net Income	-394.500M	3.828B	2.300B	2.256B	2.099B	1.887B	1.760B	1.498B
Income Tax Expense	-94.300M	944.900M	551.200M	500.800M	462.800M	478.400M	480.100M	524.300M
Net Profit Margin	-3.3%	31.6%	18.3%	17.8%	20.3%	21.3%	19.7%	16.8%
EBITDA	1.337B	6.491B	4.418B	4.221B	3.970B	3.718B	3.509B	3.116B
EBITDA Margin	11.1%	53.6%	35.1%	33.2%	38.5%	42.0%	39.3%	34.9%
Depreciation & Amortization	1.564B	1.451B	1.358B	1.338B	1.321B	1.185B	1.083B	970.700M
EPS Basic	-1.77	17.21	10.31	10.11	9.16	8.59	7.99	6.83
EPS Diluted	-1.77	17.18	10.30	10.08	9.12	8.55	7.94	6.78
Shares Outstanding	222.800M	222.500M	222.300M	222.000M	221.600M	221.200M	220.300M	219.300M
Diluted Shares Outstanding	222.900M	222.800M	222.700M	222.500M	222.500M	222.300M	221.600M	220.800M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Air Products and Chemicals, Inc.

Operating globally, Air Products and Chemicals, Inc. (APD) is a prominent supplier of industrial gases, specialized equipment, and associated services. The company's diverse product range includes atmospheric gases such as oxygen, nitrogen, and argon, as well as various process gases like hydrogen, helium, carbon dioxide, carbon monoxide, and syngas. They also provide a selection of specialty gases. APD is involved in the fabrication of crucial machinery for gas production and handling, including air separation units and non-cryogenic generators. These products and services cater to a broad spectrum of industries, including but not limited to refining, chemical processing, gasification, metals production, general manufacturing, food and beverage, electronics, medical imaging, and energy generation. Moreover, the company's capabilities extend to designing and manufacturing advanced systems for air separation, hydrocarbon recovery and purification, the liquefaction of natural gas, and the secure transportation and storage of liquid helium and hydrogen. APD also engages in a strategic partnership with Baker Hughes Company to further innovate hydrogen compression systems. The firm was established in 1940 and is based in Allentown, Pennsylvania.

Allentown, PA

21,850 employees

www.airproducts.com

Basic Materials / Chemicals - Specialty

Sector: Basic Materials
Industry: Chemicals - Specialty
CEO: Eduardo F. Menezes

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