DalsnaFinance

Air Products $APD

Materials · Industrial Gases · NYSE/NASDAQ

S&P 500 Russell 1000 Pennsylvania
Create a scorecard
$302.58
+3.93 (+1.32%)
As of Oct 20, 2026, 4:10 PM EDT · cached
Price history
Loading chart…

Key facts

52-week range (closes)
$230.76 – $314.19 Lowest close Dec 9, 2025, highest Jul 2, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends
September Fiscal 2025 ended Sep 30, 2025, from SEC filings
In the S&P 500 since
Apr 30, 1985 · All S&P 500 changes

Air Products (APD) is trading up at $302.58 (+1.32%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Materials sector.

Air Products revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)
$12.7B$6.15B−$394.5MFY2016 revenue: $7.50BFY2016 net income: $631.1M · Net margin 8.4%'16FY2017 revenue: $8.19BFY2017 net income: $3.00B · Net margin 36.6%'17FY2018 revenue: $8.93BFY2018 net income: $1.50B · Net margin 16.8%'18FY2019 revenue: $8.92BFY2019 net income: $1.76B · Net margin 19.7%'19FY2020 revenue: $8.86BFY2020 net income: $1.89B · Net margin 21.3%'20FY2021 revenue: $10.3BFY2021 net income: $2.10B · Net margin 20.3%'21FY2022 revenue: $12.7BFY2022 net income: $2.26B · Net margin 17.8%'22FY2023 revenue: $12.6BFY2023 net income: $2.30B · Net margin 18.3%'23FY2024 revenue: $12.1BFY2024 net income: $3.83B · Net margin 31.6%'24FY2025 revenue: $12.0BFY2025 net income: −$394.5M · Net margin −3.3%'250%20%40%60%80%FY2016 net margin: 8.4%FY2017 net margin: 36.6%FY2018 net margin: 16.8%FY2019 net margin: 19.7%FY2020 net margin: 21.3%FY2021 net margin: 20.3%FY2022 net margin: 17.8%FY2023 net margin: 18.3%FY2024 net margin: 31.6%FY2025 net margin: −3.3% (off the scale, which stops at −2.5%)
Air Products annual financial statements
FY2016Sep 2016FY2017Sep 2017FY2018Sep 2018FY2019Sep 2019FY2020Sep 2020FY2021Sep 2021FY2022Sep 2022FY2023Sep 2023FY2024Sep 2024FY2025Sep 2025
Income statement
Revenue$7.50B$8.19B$8.93B$8.92B$8.86B$10.3B$12.7B$12.6B$12.1B$12.0B
Growth (year over year)−4.1%+9.1%+9.1%−0.1%−0.7%+16.6%+23.0%−0.8%−4.0%−0.5%
Gross profit$2.33B$2.44B$2.74B$2.91B$3.00B$3.14B$3.36B$3.77B$3.93B$3.78B
Gross margin31.0%29.8%30.7%32.7%33.9%30.4%26.5%29.9%32.5%31.4%
Operating income$1.54B$1.44B$1.97B$2.14B$2.24B$2.28B$2.34B$2.49B$4.47B−$877.0M
Operating margin20.5%17.6%22.0%24.0%25.3%22.1%18.4%19.8%36.9%−7.3%
Net income$631.1M$3.00B$1.50B$1.76B$1.89B$2.10B$2.26B$2.30B$3.83B−$394.5M
Net margin8.4%36.6%16.8%19.7%21.3%20.3%17.8%18.3%31.6%−3.3%
EPS (diluted)$2.89$13.65$6.78$7.94$8.49$9.43$10.14$10.33$17.18−$1.77
Balance sheet
Cash and equivalents$1.29B$3.27B$2.79B$2.25B$5.25B$4.47B$2.71B$1.62B$2.98B$1.86B
Total assets$18.0B$18.5B$19.2B$18.9B$25.2B$26.9B$27.2B$32.0B$39.6B$41.1B
Total liabilities$10.8B$8.28B$8.00B$7.55B$12.7B$12.8B$13.5B$16.3B$20.9B$23.7B
Long-term debt$3.91B$3.40B$2.97B$2.91B$7.13B$6.88B$6.43B———
Shareholders' equity$7.08B$10.1B$10.9B$11.1B$12.1B$13.5B$13.1B$14.3B$17.0B$15.0B
Cash flow
Operating cash flow$2.26B$2.53B$2.55B$2.97B$3.26B$3.34B$3.17B$3.21B$3.65B$3.26B
Capital expenditure$907.7M$1.04B$1.57B$1.99B$2.51B$2.46B$2.93B$4.63B$6.80B$7.02B
Free cash flow$1.35B$1.49B$978.8M$980.2M$755.7M$871.0M$244.1M−$1.42B−$3.15B−$3.77B
Dividends paid$721.2M$787.9M$897.8M$994.0M$1.10B$1.26B$1.38B$1.50B$1.56B$1.58B

From Air Products's 10-K and 10-Q filings with the SEC; its fiscal year ends in September. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Air Products vs the Materials sector and the S&P 500

Air Products's latest reported figures next to the median of the other 24 S&P 500 Materials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Air Products compared with the median Materials company and the median S&P 500 company
MeasureAir ProductsMaterials (24 other S&P 500 companies)S&P 500 (502 other companies)
Revenue growth, latest fiscal year−0.5%+4.4%+7.0%
Net margin, latest fiscal year−3.3%7.3%13.0%
Dividend per share, latest fiscal year$7.14$2.10$2.40
Share price change, 1 year+17.5%+10.5%+5.6%

Air Products: fiscal year ended September 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Air Products included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 24/496, net margin 24/496, dividend per share 23/349, 1-year price change 24/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 23 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Air Products

Air Products and Chemicals, Inc. is a U.S.-based international corporation whose principal business is selling gases and chemicals for industrial use. Air Products is headquartered in Trexlertown, Pennsylvania, in the Lehigh Valley region of eastern Pennsylvania.

Source: Wikipedia — Air Products

Headquarters
Allentown, Pennsylvania From SEC filings, Oct 2026

Recent News (20)

More Materials stocks

Browse all companies →