Air Prods & Chems Inc Financials
Air Prods & Chems Inc (APD) reported $12.0B in revenue for fiscal year 2025, down 0.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Expansion spending is outgrowing the cash engine, leaving free cash flow deeply negative even with steady sales.
From FY2023 to FY2025, capital spending rose from$4.6B to$7.0B while operating cash flow stayed near its recent level. That pushed free cash flow from-$1.4B to-$3.8B , so the cash drain is coming from asset build-out rather than from a collapse in routine cash generation.
FY2025's gross margin was still
Current ratio remained a workable 1.4x, so near-term bills do not look mismatched even as debt to equity reached 1.6x. But dividends of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Air Prods & Chems Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Air Prods & Chems Inc has an operating margin of -7.3%, meaning the company loses $7 on every $100 of revenue. This results in a profitability score of 56/100. This is down from 36.9% the prior year.
Air Prods & Chems Inc's revenue declined 0.5% year-over-year, from $12.1B to $12.0B. This contraction results in a growth score of 24/100.
Air Prods & Chems Inc has a moderate D/E ratio of 1.58. This balance of debt and equity financing earns a leverage score of 35/100.
Air Prods & Chems Inc's current ratio of 1.38 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.
While Air Prods & Chems Inc generated $3.3B in operating cash flow, capex of $7.0B consumed most of it, leaving -$3.8B in free cash flow. This results in a low score of 11/100, reflecting heavy capital investment rather than weak cash generation.
Air Prods & Chems Inc posts a -2.6% return on equity (ROE), meaning it loses $3 for every $100 of shareholders' equity. This results in a returns score of 48/100. This is down from 22.5% the prior year.
Air Prods & Chems Inc scores 2.56, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($66.9B) relative to total liabilities ($23.7B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Air Prods & Chems Inc passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Air Prods & Chems Inc reported a net loss of $394.5M while generating $3.3B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Air Prods & Chems Inc reported an operating loss of $877.0M against $214.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Air Prods & Chems Inc generated $12.0B in revenue in fiscal year 2025. This represents a decrease of 0.5% from the prior year.
Air Prods & Chems Inc's EBITDA was $687.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 88.4% from the prior year.
Air Prods & Chems Inc reported -$394.5M in net income in fiscal year 2025. This represents a decrease of 110.3% from the prior year.
Air Prods & Chems Inc earned -$1.77 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 110.3% from the prior year.
Cash & Balance Sheet
Air Prods & Chems Inc recorded an outflow of $3.8B in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 19.5% from the prior year.
Air Prods & Chems Inc held $1.9B in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Air Prods & Chems Inc's gross margin was 31.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.1 percentage points from the prior year.
Air Prods & Chems Inc's operating margin was -7.3% in fiscal year 2025, reflecting core business profitability. This is down 44.2 percentage points from the prior year.
Air Prods & Chems Inc's net profit margin was -3.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 34.9 percentage points from the prior year.
Air Prods & Chems Inc's ROE was -2.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 25.1 percentage points from the prior year.
Capital Allocation
Air Prods & Chems Inc invested $96.3M in research and development in fiscal year 2025. This represents a decrease of 3.9% from the prior year.
Air Prods & Chems Inc invested $7.0B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 3.3% from the prior year.
Not reported for fiscal year 2025.
APD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.6B | $12.0B-0.5% | $12.1B-4.0% | $12.6B-0.8% | $12.7B+23.0% | $10.3B+16.6% | $8.9B-0.7% | $8.9B-0.1% | $8.9B+9.1% | $8.2B+9.1% | $7.5B-4.1% | $7.8B-6.7% | $8.4B-17.6% | $10.2B+5.9% | $9.6B-0.6% | $9.7B |
| Cost of Revenue | $8.6B | $8.3B+1.1% | $8.2B-7.5% | $8.8B-5.4% | $9.3B+30.0% | $7.2B+22.7% | $5.9B-2.0% | $6.0B-3.5% | $6.2B+7.6% | $5.8B+11.1% | $5.2B-7.5% | $5.6B-9.8% | $6.2B-16.9% | $7.5B+6.0% | $7.1B-0.7% | $7.1B |
| Gross Profit | $4.0B | $3.8B-3.8% | $3.9B+4.4% | $3.8B+12.1% | $3.4B+7.1% | $3.1B+4.6% | $3.0B+2.9% | $2.9B+6.3% | $2.7B+12.5% | $2.4B+4.7% | $2.3B+4.5% | $2.2B-20.6% | $2.8B+3.5% | $2.7B+5.8% | $2.6B-0.6% | $2.6B |
| R&D Expenses | $90.8M | $96.3M-3.9% | $100.2M-5.1% | $105.6M+2.6% | $102.9M+10.1% | $93.5M+11.4% | $83.9M+15.1% | $72.9M+13.0% | $64.5M+12.0% | $57.6M-19.8% | $71.8M-6.0% | $76.4M-2.7% | $78.5M-41.3% | $133.7M+5.8% | $126.4M+6.4% | $118.8M |
| SG&A Expenses | $894.1M | $906.1M-3.9% | $942.4M-1.5% | $957.0M+6.3% | $900.6M+8.7% | $828.4M+6.8% | $775.9M+3.5% | $750.0M-1.4% | $760.8M+6.6% | $713.5M+4.3% | $683.8M-11.5% | $773.0M-13.4% | $892.2M-16.3% | $1.1B+12.6% | $946.8M+0.5% | $941.7M |
| Operating Income | -$593.1M | -$877.0M-119.6% | $4.5B+79.0% | $2.5B+6.7% | $2.3B+2.5% | $2.3B+2.0% | $2.2B+4.3% | $2.1B+9.1% | $2.0B+36.5% | $1.4B-6.2% | $1.5B+24.5% | $1.2B+33.4% | $924.2M-30.2% | $1.3B+3.3% | $1.3B-15.0% | $1.5B |
| Interest Expense | $221.2M | $214.0M-2.2% | $218.8M+23.3% | $177.5M+38.7% | $128.0M-9.7% | $141.8M+29.7% | $109.3M-20.2% | $137.0M+5.0% | $130.5M+8.2% | $120.6M+4.7% | $115.2M+12.1% | $102.8M-17.1% | $124.0M-12.6% | $141.8M+14.6% | $123.7M+7.1% | $115.5M |
| Income Tax | -$86.1M | -$94.3M-110.0% | $944.9M+71.4% | $551.2M+10.1% | $500.8M+8.2% | $462.8M-3.3% | $478.4M-0.4% | $480.1M-8.4% | $524.3M+101.0% | $260.9M-39.7% | $432.6M+44.1% | $300.2M+16.3% | $258.1M-16.2% | $307.9M+7.2% | $287.3M-23.4% | $375.3M |
| Net Income | -$47.3M | -$394.5M-110.3% | $3.8B+66.4% | $2.3B+2.0% | $2.3B+7.5% | $2.1B+11.3% | $1.9B+7.2% | $1.8B+17.5% | $1.5B-50.1% | $3.0B+375.4% | $631.1M-50.6% | $1.3B+28.9% | $991.7M-0.3% | $994.2M-14.8% | $1.2B-4.6% | $1.2B |
| EPS (Diluted) | — | -$1.77-110.3% | $17.18+66.3% | $10.33+1.9% | $10.14+7.5% | $9.43+11.1% | $8.49+6.9% | $7.94+17.1% | $6.78-50.3% | $13.65+372.3% | $2.89-50.9% | $5.88+27.5% | $4.61-1.5% | $4.68-14.0% | $5.44-3.4% | $5.63 |
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
APD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $41.1B+3.8% | $39.6B+23.7% | $32.0B+17.7% | $27.2B+1.2% | $26.9B+6.7% | $25.2B+32.9% | $18.9B-1.2% | $19.2B+3.9% | $18.5B+2.4% | $18.0B+4.1% | $17.3B-1.9% | $17.6B-1.1% | $17.9B+5.4% | $16.9B+18.6% | $14.3B |
| Current Assets | $5.8B-8.4% | $6.4B+22.4% | $5.2B-17.2% | $6.3B-25.0% | $8.4B-3.6% | $8.7B+88.1% | $4.6B-9.1% | $5.1B-13.5% | $5.9B+36.1% | $4.3B+54.5% | $2.8B-15.2% | $3.3B-4.2% | $3.4B+0.7% | $3.4B+7.1% | $3.2B |
| Cash & Equivalents | $1.9B-37.7% | $3.0B+84.3% | $1.6B-40.4% | $2.7B-39.3% | $4.5B-14.9% | $5.3B+133.6% | $2.2B-19.4% | $2.8B-14.7% | $3.3B+153.1% | $1.3B+606.3% | $183.1M-35.8% | $285.4M-36.6% | $450.4M-0.9% | $454.4M+7.8% | $421.4M |
| Inventory | $776.5M+1.4% | $766.0M+17.5% | $651.8M+26.8% | $514.2M+13.3% | $453.9M+12.1% | $404.8M+4.2% | $388.3M-2.0% | $396.1M+18.1% | $335.4M+31.5% | $255.0M-11.5% | $288.0M-59.2% | $706.0M0.0% | $706.1M-10.2% | $786.6M+17.4% | $670.2M |
| Accounts Receivable | $1.9B+4.4% | $1.8B+7.1% | $1.7B-5.2% | $1.8B+23.6% | $1.5B+13.8% | $1.3B+1.2% | $1.3B+4.4% | $1.2B+2.8% | $1.2B+2.4% | $1.1B+1.8% | $1.1B-24.2% | $1.5B-3.8% | $1.5B0.0% | $1.5B+13.4% | $1.4B |
| Goodwill | $963.9M+6.5% | $905.1M+5.0% | $861.7M+4.7% | $823.0M-9.7% | $911.5M+2.2% | $891.5M+11.8% | $797.1M+1.0% | $788.9M+9.3% | $721.5M-14.6% | $845.1M+1.0% | $837.1M-9.2% | $921.9M-44.3% | $1.7B+3.5% | $1.6B+100.8% | $796.2M |
| Total Liabilities | $23.7B+13.4% | $20.9B+27.9% | $16.3B+21.1% | $13.5B+5.6% | $12.8B+0.4% | $12.7B+68.4% | $7.6B-5.6% | $8.0B-3.4% | $8.3B-23.4% | $10.8B+8.9% | $9.9B-0.4% | $10.0B-3.0% | $10.3B+3.5% | $9.9B+18.8% | $8.4B |
| Current Liabilities | $4.2B+0.9% | $4.2B+7.3% | $3.9B+12.4% | $3.5B+23.8% | $2.8B+15.8% | $2.4B+32.7% | $1.8B-22.1% | $2.3B-6.1% | $2.5B-24.2% | $3.3B-9.9% | $3.6B+23.0% | $3.0B-8.2% | $3.2B+20.0% | $2.7B+14.9% | $2.3B |
| Long-Term Debt | N/A | N/A | N/A | $6.4B-6.4% | $6.9B-3.6% | $7.1B+145.3% | $2.9B-2.0% | $3.0B-12.8% | $3.4B-13.0% | $3.9B-0.5% | $3.9B-18.5% | $4.8B-4.6% | $5.1B+10.3% | $4.6B+16.7% | $3.9B |
| Total Equity | $15.0B-11.8% | $17.0B+19.0% | $14.3B+8.9% | $13.1B-2.9% | $13.5B+12.1% | $12.1B+9.3% | $11.1B+1.8% | $10.9B+7.6% | $10.1B+42.5% | $7.1B-2.3% | $7.2B-1.6% | $7.4B+4.6% | $7.0B+8.7% | $6.5B+11.8% | $5.8B |
| Retained Earnings | $17.6B-10.2% | $19.5B+13.0% | $17.3B+4.7% | $16.5B+5.4% | $15.7B+5.4% | $14.9B+5.2% | $14.1B+5.4% | $13.4B+4.4% | $12.8B+22.6% | $10.5B-1.0% | $10.6B+5.9% | $10.0B+3.6% | $9.6B+4.5% | $9.2B+7.4% | $8.6B |
APD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.6B | $3.3B-10.7% | $3.6B+13.8% | $3.2B+1.1% | $3.2B-4.9% | $3.3B+2.2% | $3.3B+9.9% | $3.0B+16.6% | $2.5B+0.7% | $2.5B+11.9% | $2.3B+10.3% | $2.0B+10.0% | $1.9B+19.9% | $1.6B-12.0% | $1.8B+0.7% | $1.8B |
| Capital Expenditures | $4.9B | $7.0B+3.3% | $6.8B+46.9% | $4.6B+58.1% | $2.9B+18.8% | $2.5B-1.8% | $2.5B+26.1% | $2.0B+26.9% | $1.6B+50.9% | $1.0B+14.5% | $907.7M-21.9% | $1.2B-10.5% | $1.3B-14.8% | $1.5B+0.2% | $1.5B+16.2% | $1.3B |
| Free Cash Flow | -$301.4M | -$3.8B-19.5% | -$3.1B-121.7% | -$1.4B-682.0% | $244.1M-72.0% | $871.0M+15.3% | $755.7M-22.9% | $980.2M+0.1% | $978.8M-34.3% | $1.5B+10.2% | $1.4B+52.7% | $884.6M+57.3% | $562.3M+1845.7% | $28.9M-88.2% | $244.1M-45.0% | $443.9M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.2B |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$484.5M |
| Dividends Paid | $1.6B | $1.6B+1.2% | $1.6B+4.6% | $1.5B+8.2% | $1.4B+10.1% | $1.3B+13.9% | $1.1B+11.0% | $994.0M+10.7% | $897.8M+13.9% | $787.9M+9.2% | $721.2M+6.5% | $677.5M+7.9% | $627.7M+11.0% | $565.6M+9.8% | $514.9M+12.7% | $456.7M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $461.6M+769.3% | $53.1M-91.8% | $649.2M |
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
APD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.4%-1.1pp | 32.5%+2.6pp | 29.9%+3.4pp | 26.5%-3.9pp | 30.4%-3.5pp | 33.9%+1.2pp | 32.7%+2.0pp | 30.7%+0.9pp | 29.8%-1.3pp | 31.0%+2.6pp | 28.4%-5.0pp | 33.5%+6.9pp | 26.6%0.0pp | 26.6%0.0pp | 26.6% |
| Operating Margin | -7.3%-44.2pp | 36.9%+17.1pp | 19.8%+1.4pp | 18.4%-3.7pp | 22.1%-3.2pp | 25.3%+1.2pp | 24.0%+2.0pp | 22.0%+4.4pp | 17.6%-2.9pp | 20.5%+4.7pp | 15.8%+4.7pp | 11.0%-2.0pp | 13.0%-0.3pp | 13.3%-2.3pp | 15.6% |
| Net Margin | -3.3%-34.9pp | 31.6%+13.4pp | 18.3%+0.5pp | 17.8%-2.6pp | 20.3%-1.0pp | 21.3%+1.6pp | 19.7%+3.0pp | 16.8%-19.9pp | 36.6%+28.2pp | 8.4%-7.9pp | 16.3%+4.5pp | 11.8%+2.1pp | 9.8%-2.4pp | 12.1%-0.5pp | 12.7% |
| Return on Equity | -2.6%-25.1pp | 22.5%+6.4pp | 16.1%-1.1pp | 17.2%+1.7pp | 15.5%-0.1pp | 15.6%-0.3pp | 15.9%+2.1pp | 13.8%-15.9pp | 29.8%+20.8pp | 8.9%-8.7pp | 17.6%+4.2pp | 13.5%-0.7pp | 14.1%-3.9pp | 18.0%-3.1pp | 21.1% |
| Return on Assets | -1.0%-10.6pp | 9.7%+2.5pp | 7.2%-1.1pp | 8.3%+0.5pp | 7.8%+0.3pp | 7.5%-1.8pp | 9.3%+1.5pp | 7.8%-8.4pp | 16.3%+12.8pp | 3.5%-3.9pp | 7.4%+1.8pp | 5.6%+0.1pp | 5.6%-1.3pp | 6.9%-1.7pp | 8.6% |
| Current Ratio | 1.38-0.1x | 1.52+0.2x | 1.33-0.5x | 1.81-1.2x | 2.99-0.6x | 3.59+1.1x | 2.54+0.4x | 2.17-0.2x | 2.36+1.0x | 1.31+0.5x | 0.77-0.3x | 1.110.0x | 1.07-0.2x | 1.27-0.1x | 1.36 |
| Debt-to-Equity | 1.58+0.4x | 1.23+0.1x | 1.14+0.7x | 0.490.0x | 0.51-0.1x | 0.59+0.3x | 0.260.0x | 0.27-0.1x | 0.34-0.2x | 0.550.0x | 0.54-0.1x | 0.66-0.1x | 0.720.0x | 0.710.0x | 0.68 |
| FCF Margin | -31.3%-5.3pp | -26.0%-14.7pp | -11.3%-13.2pp | 1.9%-6.5pp | 8.4%-0.1pp | 8.5%-2.5pp | 11.0%0.0pp | 11.0%-7.2pp | 18.2%+0.2pp | 18.0%+6.7pp | 11.3%+4.6pp | 6.7%+6.4pp | 0.3%-2.3pp | 2.5%-2.1pp | 4.6% |
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Where Air Prods & Chems Inc Ranks
Frequently Asked Questions
What is Air Prods & Chems Inc's annual revenue?
Air Prods & Chems Inc (APD) reported $12.0B in total revenue for fiscal year 2025. This represents a -0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Air Prods & Chems Inc's revenue growing?
Air Prods & Chems Inc (APD) revenue declined by 0.5% year-over-year, from $12.1B to $12.0B in fiscal year 2025.
Is Air Prods & Chems Inc profitable?
No, Air Prods & Chems Inc (APD) reported a net income of -$394.5M in fiscal year 2025, with a net profit margin of -3.3%.
What is Air Prods & Chems Inc's EBITDA?
Air Prods & Chems Inc (APD) had EBITDA of $687.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Air Prods & Chems Inc's gross margin?
Air Prods & Chems Inc (APD) had a gross margin of 31.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Air Prods & Chems Inc's operating margin?
Air Prods & Chems Inc (APD) had an operating margin of -7.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Air Prods & Chems Inc's net profit margin?
Air Prods & Chems Inc (APD) had a net profit margin of -3.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Air Prods & Chems Inc's return on equity (ROE)?
Air Prods & Chems Inc (APD) has a return on equity of -2.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Air Prods & Chems Inc's free cash flow?
Air Prods & Chems Inc (APD) recorded an outflow of $3.8B in free cash flow during fiscal year 2025. This represents a -19.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Air Prods & Chems Inc's operating cash flow?
Air Prods & Chems Inc (APD) generated $3.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Air Prods & Chems Inc's total assets?
Air Prods & Chems Inc (APD) had $41.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Air Prods & Chems Inc's capital expenditures?
Air Prods & Chems Inc (APD) invested $7.0B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Air Prods & Chems Inc spend on research and development?
Air Prods & Chems Inc (APD) invested $96.3M in research and development during fiscal year 2025.
What is Air Prods & Chems Inc's current ratio?
Air Prods & Chems Inc (APD) had a current ratio of 1.38 as of fiscal year 2025, which is considered adequate.
What is Air Prods & Chems Inc's debt-to-equity ratio?
Air Prods & Chems Inc (APD) had a debt-to-equity ratio of 1.58 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Air Prods & Chems Inc's return on assets (ROA)?
Air Prods & Chems Inc (APD) had a return on assets of -1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Air Prods & Chems Inc's Altman Z-Score?
Air Prods & Chems Inc (APD) has an Altman Z-Score of 2.56, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Air Prods & Chems Inc's Piotroski F-Score?
Air Prods & Chems Inc (APD) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Air Prods & Chems Inc's earnings high quality?
Air Prods & Chems Inc (APD) reported a net loss of $394.5M while generating $3.3B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Air Prods & Chems Inc cover its interest payments?
Air Prods & Chems Inc (APD) reported an operating loss of $877.0M against $214.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Air Prods & Chems Inc?
Air Prods & Chems Inc (APD) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.