$296.39
-0.08%
N/A-$0.24
Basic Materials
Chemicals - Specialty
NYSE
Active Trading
Operating globally, Air Products and Chemicals, Inc. (APD) is a prominent supplier of industrial gases, specialized equipment, and associated services. The company's ...
Financial highlights
Latest / TTM · 6 periods
Snapshot
Latest / TTM: 2026-07-22
Gross Margin
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Net Margin
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P/E Ratio
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Debt / Equity
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Profitability
Profitability table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Gross MarginGross profit as a percentage of revenue. | 30.4% | 26.5% | 29.9% | 32.5% | 31.4% | — |
| Operating MarginOperating income as a percentage of revenue. | 22.1% | 18.4% | 19.8% | 36.9% | -7.3% | — |
| Net MarginNet income as a percentage of revenue. | 20.3% | 17.8% | 18.3% | 31.6% | -3.3% | — |
| EBITDA MarginEBITDA divided by revenue. | 38.5% | 33.2% | 35.1% | 53.6% | 11.1% | — |
| Pre-tax MarginPre-tax profit as a percentage of revenue. | 24.3% | 21.7% | 22.9% | 39.8% | -3.7% | — |
Liquidity & leverage
Liquidity & leverage table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Current RatioCurrent assets divided by current liabilities. | 2.99 | 1.81 | 1.33 | 1.52 | 1.38 | — |
| Quick RatioLiquid assets divided by current liabilities. | 2.83 | 1.66 | 1.17 | 1.34 | 1.20 | — |
| Cash RatioCash and equivalents divided by current liabilities. | 1.60 | 0.78 | 0.42 | 0.71 | 0.44 | — |
| Debt / AssetsDebt as a share of total assets. | 30.6% | 30.6% | 34.5% | 37.9% | 44.8% | — |
| Debt / EquityDebt compared with shareholder equity. | 0.61 | 0.63 | 0.77 | 0.88 | 1.23 | — |
Operating efficiency
Operating efficiency table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Receivables TurnoverHow often receivables are collected in a year. | 6.24x | 6.24x | 5.83x | 5.58x | 4.79x | — |
| Inventory TurnoverHow often inventory is sold in a year. | 15.83x | 18.16x | 13.55x | 10.66x | 10.63x | — |
| Payables TurnoverHow often payables are paid in a year. | 9.75x | 8.33x | 7.28x | 5.63x | 5.75x | — |
| Asset TurnoverRevenue generated per dollar of assets. | 0.38x | 0.47x | 0.39x | 0.31x | 0.29x | — |
| Working Capital TurnoverRevenue generated per dollar of working capital. | 1.74x | 3.03x | 6.11x | 6.94x | 6.35x | — |
Valuation ratios
Valuation ratios table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| P/E RatioPrice paid for each dollar of earnings. | 27.96x | 23.02x | 27.49x | 17.30x | -154.08x | — |
| P/B RatioPrice paid for each dollar of book value. | 4.19x | 3.93x | 4.40x | 3.89x | 4.04x | — |
| P/S RatioPrice paid for each dollar of sales. | 5.50x | 4.07x | 5.00x | 5.47x | 5.05x | — |
| P/FCF RatioPrice paid for each dollar of free cash flow. | 64.66x | 170.12x | -44.36x | -21.03x | -16.14x | — |
| Dividend YieldAnnual dividend divided by current share price. | 2.2% | 2.7% | 2.4% | 2.4% | 2.6% | — |