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NYSE · CIK 0000002969 · INDUSTRIAL INORGANIC CHEMICALS

AIR PRODUCTS AND CHEMICALS, INC.

APD chart by TradingView
P/E P/B 4.7xP/SALES 5.2xEV/EBITDA FCF YIELD -0.46%

PRICE HISTORY

LIVE · NYSE
APD chart by TradingView
REVENUE FY2025 ENDED SEP 2025
$12.0B
EBITDA
$0.7B
FREE CASH FLOW
$-3.8B
EPS
$-1.77
GROSS MARGIN
31.41%
ROIC
Q3 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

-36%
LATEST · Q3 FY26
Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
9.4x55.7x

P / SALES (TTM)

5.2x
+28%
LATEST · Q3 FY26
5.2xQ4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
3.8x7.5x

P / BOOK

4.7x
+10%
LATEST · Q3 FY26
4.7xQ4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
3.2x5.5x

EV / EBITDA (TTM)

+6%
LATEST · Q3 FY26
Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
13.4x15.0x

EV / REVENUE (TTM)

-7%
LATEST · Q3 FY26
Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
4.1x4.7x

FCF YIELD (TTM)

-0.46%
-4.9pp
LATEST · Q3 FY26
-0.46%Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
-7.36%4.87%

DIVIDEND YIELD (TTM)

2.46%
+0.0pp
LATEST · Q3 FY26
2.46%Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
1.74%2.90%

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$3.2B
+62%
LATEST · Q3 FY26
3.2BQ4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

EBITDA (DERIVED)

$-1.7B
-381%
LATEST · Q3 FY26
-1.7BQ4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

NET INCOME

$-1.4B
-466%
LATEST · Q3 FY26
-1.4BQ4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

EPS (DILUTED)

$-6.47
-459%
LATEST · Q3 FY26
-6.47Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

REVENUE GROWTH YOY

4.58%
-409.0pp
LATEST · Q3 FY26
4.58%Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
-10.61%413.60%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

9.79%
-17.4pp
LATEST · Q3 FY26
9.79%Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
-53.61%33.95%

RETURN ON CAPITAL

+20.7pp
LATEST · Q3 FY26
Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
5.32%28.39%

RETURN ON EQUITY (TTM)

-0.34%
-9.3pp
LATEST · Q3 FY26
-0.34%Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
-2.63%34.03%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN32.77%
OPERATING MARGIN-66.34%
NET MARGIN-45.58%
FCF MARGIN9.79%
126.3170.0913.87-42.35-98.57GROSSOPERNETFCFQ4 FY16Q4 FY17Q4 FY18Q4 FY19Q4 FY20Q4 FY21Q4 FY22Q4 FY23Q4 FY24Q4 FY25Q3 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$0.3B
-42%
LATEST · Q3 FY26
0.3BQ4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

STOCK-BASED COMP

$0.0B
+72%
LATEST · Q3 FY26
0.0BQ4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

CAPITAL EXPENDITURE

$1.0B
+381%
LATEST · Q3 FY26
1.0BQ4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

SHARES OUTSTANDING

0.22B
+2%
LATEST · Q3 FY26
0.22BQ4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

DIVIDEND / SHARE

$1.81
+110%
LATEST · Q3 FY26
1.81Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$1.0B
-24%
LATEST · Q3 FY26
1.0BQ4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

TOTAL DEBT

-12%
LATEST · Q3 FY26
Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26

DEBT / EBITDA (TTM)

-5%
LATEST · Q3 FY26
Q4 FY16Q4 FY18Q4 FY20Q4 FY22Q4 FY24Q3 FY26
1.6x1.8x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 93.48%INSIDERS 1.88%OTHER / RETAIL 4.64%2,243 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.8.11%18.1M$5.48B-0.3%
Vanguard Capital Management LLC6.50%14.5M$4.39BNEW
State Farm Mutual Automobile Insurance Co5.32%11.8M$3.59B+0.0%
Capital Research Global Investors4.67%10.4M$3.16B-12.6%
State Street Corporation4.54%10.1M$3.07B+2.0%
Capital International Investors4.46%9.9M$3.01B-22.3%
Dodge & Cox Inc.4.15%9.2M$2.80B-0.1%
JPMORGAN CHASE & CO2.72%6.0M$1.84B-3.0%
Vanguard Portfolio Management LLC2.56%5.7M$1.73BNEW
Geode Capital Management, LLC2.24%5.0M$1.51B+0.8%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.