Air Products & Chemicals, Inc.
Financial highlights
| Metric | FY 09/30/25 | FY 09/30/24 | FY 09/30/23 | FY 09/30/22 | FY 09/30/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $12.0B | $12.1B | $12.6B | $12.7B | $10.3B |
| Cost of revenue | $8.3B | $8.2B | $8.8B | $9.3B | $7.2B |
| Selling, general & administrative | $906.1M | $942.4M | $957.0M | $900.6M | $828.4M |
| Research and development | $96.3M | $100.2M | $105.6M | $102.9M | $93.5M |
| Operating income | -$877.0M | $4.5B | $2.5B | $2.3B | $2.3B |
| Interest expense | $214.0M | $218.8M | $177.5M | $128.0M | $141.8M |
| Pretax income | -$440.7M | $4.8B | $2.9B | $2.8B | $2.5B |
| Income tax expense | -$94.3M | $944.9M | $551.2M | $500.8M | $462.8M |
| Net income | -$394.5M | $3.8B | $2.3B | $2.3B | $2.1B |
| Balance Sheet | |||||
| Cash and equivalents | $1.9B | $3.0B | $1.6B | $2.7B | $4.5B |
| Current assets | $5.8B | $6.4B | $5.2B | $6.3B | $8.4B |
| Total assets | $41.1B | $39.6B | $32.0B | $27.2B | $26.9B |
| Current liabilities | $4.2B | $4.2B | $3.9B | $3.5B | $2.8B |
| Total liabilities | $23.7B | $20.9B | $16.3B | $13.5B | $12.8B |
| Total debt | $18.0B | $14.5B | $10.3B | $7.3B | $7.7B |
| Stockholders' equity | $15.0B | $17.0B | $14.3B | $13.1B | $13.5B |
| Cash Flow Statement | |||||
| Cash from operations | $3.3B | $3.6B | $3.2B | $3.2B | $3.3B |
| Depreciation and amortization | $1.6B | $1.5B | $1.4B | $1.3B | $1.3B |
| Stock-based compensation | $76.4M | $61.8M | $59.9M | $48.4M | $44.5M |
| Capital expenditure | $7.0B | $6.8B | $4.6B | $2.9B | $2.5B |
| Free cash flow | -$3.8B | -$3.1B | -$1.4B | $244.1M | $871.0M |
| Dividends paid | $1.6B | $1.6B | $1.5B | $1.4B | $1.3B |
Shares outstanding 222.7M · Free float 95.0%
Annual filing data through FY ended September 30, 2025; float as of July 7, 2026.