Air Products and Chemicals, Inc. (APD) — Financial statements
Income statement, balance sheet, and cash flow for Air Products and Chemicals, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 12,037↓0.5% | 12,101↓4.0% | 12,600↓0.8% | 12,699↑23.0% | 10,323 | |
| Cost of Revenue | 8,256↑1.1% | 8,169↓7.5% | 8,833↓5.4% | 9,339↑30.0% | 7,186 | |
| Gross Profit | 3,781↓3.8% | 3,932↑4.4% | 3,767↑12.1% | 3,360↑7.1% | 3,137 | |
| Operating Expenses | ||||||
| R&D Expenses | 96↓3.9% | 100↓5.1% | 106↑2.6% | 103↑10.1% | 94 | |
| General & Administrative Expenses | 906 | 0.00 | 0.00↓100.0% | 901↑8.7% | 828 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 906↓3.9% | 942↓1.5% | 957↑6.3% | 901↑8.7% | 828 | |
| Other Expenses | 3,656↑331.9% | -1,577↓851.6% | 210↑1078.7% | 18↑133.7% | -53 | |
| Operating Expenses | 4,658↑972.0% | -534↓142.0% | 1,272↑24.6% | 1,021↑17.5% | 869 | |
| Total Costs & Expenses | 12,914↑69.2% | 7,635↓24.5% | 10,105↓2.5% | 10,360↑28.8% | 8,042 | |
| Operating Results | ||||||
| Operating Income | -877↓119.6% | 4,466↑79.0% | 2,495↑6.7% | 2,339↑2.5% | 2,281 | |
| Depreciation & Amortization | 1,564↑7.8% | 1,451↑6.8% | 1,358↑1.5% | 1,338↑1.3% | 1,321 | |
| EBITDA | 1,338↓79.4% | 6,491↑46.9% | 4,418↑4.7% | 4,221↑6.3% | 3,971 | |
| EBIT | -227↓104.5% | 5,040↑64.7% | 3,060↑6.1% | 2,883↑8.8% | 2,649 | |
| Interest & Other Income | ||||||
| Net Interest Income | -214↑2.2% | -219↓23.3% | -178↓38.7% | -128↑9.7% | -142 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 214↓2.2% | 219↑23.3% | 178↑38.7% | 128↓9.7% | 142 | |
| Non-Operating Income | -650↓13.3% | -574↓1.5% | -565↓3.9% | -544↓47.9% | -368 | |
| Other Income / Expenses | 436↑22.9% | 355↓8.4% | 388↓6.8% | 416↑84.0% | 226 | |
| Income Before Tax | -441↓109.1% | 4,821↑67.3% | 2,882↑4.6% | 2,755↑9.9% | 2,507 | |
| Income Tax Expense | -94↓110.0% | 945↑71.4% | 551↑10.1% | 501↑8.2% | 463 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -346↓108.9% | 3,876↑66.3% | 2,331↑3.4% | 2,254↑10.2% | 2,045 | |
| Net Income from Discontinued Operations | -8↑42.4% | -14↓287.8% | 7↓41.3% | 13↓82.1% | 70 | |
| Net Income | -395↓110.3% | 3,828↑66.4% | 2,300↑2.0% | 2,256↑7.5% | 2,099 | |
| Bottom-Line Net Income | -395↓110.3% | 3,828↑66.4% | 2,300↑2.5% | 2,244↑10.6% | 2,029 | |
| EPS (Basic) | -1.77↓110.3% | 17.21↑66.9% | 10.31↑2.0% | 10.11↑10.4% | 9.16 | |
| EPS (Diluted) | -1.77↓110.3% | 17.18↑66.8% | 10.30↑2.2% | 10.08↑10.5% | 9.12 | |
| Weighted Average Shares | 223↑0.1% | 223↑0.1% | 222↑0.1% | 222↑0.2% | 222 | |
| Weighted Average Diluted Shares | 223↑0.0% | 223↑0.0% | 223↑0.1% | 223↑0.0% | 223 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.