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Air Products & Chemicals, Inc.

CIK: 2969 SIC: 2810
$12.21B
Revenue
$-333.70M
Net Income
31.63%
Gross Margin
-6.44%
Op. Margin
-
Free Cash Flow
Financial Statements Quarterly (10-Q)
Showing 7 of 50 quarterly reports available
Breakdown Q1 2026
(Dec 31, 2025)
Q4 2025
(Sep 30, 2025)
Q3 2025
(Jun 30, 2025)
Q2 2025
(Mar 31, 2025)
Q1 2025
(Dec 31, 2024)
Q4 2024
(Sep 30, 2024)
Q3 2024
(Jun 30, 2024)
+ Total Revenue $3.10B $3.17B $3.02B $2.92B $2.93B $3.19B $2.99B
Revenue Growth % (YoY) 5.8% -0.6% 1.2% nan% nan% nan% nan%
Cost of Revenue $2.11B $2.15B $2.04B $2.05B $2.02B $2.10B $2.01B
+ Gross Profit $995.00M $1.02B $982.60M $862.30M $915.00M $1.08B $979.90M
Gross Margin % 32.1% 32.3% 32.5% 29.6% 31.2% 34.0% 32.8%
Research & Development $20.40M $27.30M $24.10M $22.90M $22.00M $22.10M $27.00M
Selling General & Admin $228.70M $219.10M $222.60M $222.00M $242.40M $228.00M $235.40M
+ Operating Income $734.50M $16.80M $790.60M $-2.33B $643.60M $2.42B $737.60M
Operating Margin % 23.7% 0.5% 26.2% -79.8% 22.0% 76.1% 24.7%
Interest Expense $54.50M $67.80M $61.40M $42.20M $42.60M $49.70M $55.70M
Other Income/Expense $-1.40M $-11.70M $-6.00M $-18.60M $38.90M $-48.50M $-1.30M
Income Before Tax $850.80M $121.30M $890.80M $-2.24B $790.50M $2.50B $849.50M
Income Tax Expense $159.40M $111.20M $159.60M $-505.80M $140.70M $538.40M $140.60M
+ Net Income $678.20M $4.90M $713.80M $-1.73B $617.40M $1.95B $696.60M
Net Margin % 21.9% 0.2% 23.6% -59.3% 21.1% 61.2% 23.3%
Basic EPS 3.04 nan 3.20 -7.77 2.77 nan 3.13
Diluted EPS 3.04 nan 3.20 -7.77 2.77 nan 3.13
Basic Shares Outstanding 222.8M - 222.8M 222.8M 222.7M - 222.5M
Diluted Shares Outstanding 222.9M - 222.9M 222.8M 222.9M - 222.8M
Breakdown Q1 2026
(Dec 31, 2025)
Q4 2025
(Sep 30, 2025)
Q3 2025
(Jun 30, 2025)
Q2 2025
(Mar 31, 2025)
Q1 2025
(Dec 31, 2024)
Q4 2024
(Sep 30, 2024)
Q3 2024
(Jun 30, 2024)
Cash & Cash Equivalents $1.03B $1.86B $2.32B $1.49B $1.85B $2.98B $2.38B
Short-term Investments - - - $111.40M $117.50M $5.00M $61.80M
Accounts Receivable $1.89B $1.90B $1.94B $1.85B $1.81B $1.82B $1.71B
Inventory $788.10M $776.50M $797.70M $769.70M $739.00M $766.00M $755.60M
Other Current Assets $757.40M $689.50M $848.10M $707.60M $640.50M $610.80M $601.40M
Total Current Assets $5.10B $5.83B $6.15B $5.19B $5.35B $6.36B $5.68B
Property Plant & Equipment $26.14B $25.34B $25.64B $24.03B $24.73B $23.37B $21.48B
Goodwill $971.50M $963.90M $969.70M $887.10M $866.50M $905.10M $879.00M
Intangible Assets $294.40M $293.50M $302.40M $281.60M $287.50M $311.60M $310.50M
Other Non-current Assets $1.10B $1.02B $1.09B $1.09B $1.41B $1.17B $1.28B
Total Assets $41.24B $41.06B $41.66B $38.87B $40.02B $39.57B $36.97B
Short-term Debt $66.70M $34.70M $536.20M $773.20M $68.20M $83.50M $159.10M
Deferred Revenue $250.20M - - - - - -
Total Current Liabilities $3.50B $4.22B $4.76B $5.21B $4.81B $4.18B $4.47B
Deferred Tax Liabilities $661.90M $579.60M $673.90M $670.40M $1.20B $1.16B $1.18B
Other Non-current Liabilities $1.34B $1.35B $1.35B $1.32B $1.35B $1.35B $1.11B
Total Liabilities $23.40B $23.71B $23.89B $22.09B $21.28B $20.90B $20.29B
Common Stock $249.40M $249.40M $249.40M $249.40M $249.40M $249.40M $249.40M
Retained Earnings $17.84B $17.56B $17.95B $17.64B $19.77B $19.55B $17.99B
Total Stockholders Equity $15.41B $15.02B $15.54B $14.70B $16.69B $17.04B $15.10B
Total Liabilities & Equity $41.24B $41.06B $41.66B $38.87B $40.02B $39.57B $36.97B
Breakdown Q1 2026
(Dec 31, 2025)
Q4 2025
(Sep 30, 2025)
Q3 2025
(Jun 30, 2025)
Q2 2025
(Mar 31, 2025)
Q1 2025
(Dec 31, 2024)
Q4 2024
(Sep 30, 2024)
Q3 2024
(Jun 30, 2024)
Net Income $678.20M $4.90M $713.80M $-1.73B $617.40M $1.95B $696.60M
Depreciation & Amortization $370.70M $412.80M $1.15B $750.40M $366.80M $380.80M $1.07B
Stock-based Compensation $10.60M $10.70M $65.70M $54.70M $16.40M $15.60M $46.20M
Deferred Income Tax $78.20M $-57.60M $-497.20M $-540.10M $-6.30M $5.00M $-74.30M
Change in Receivables $-6.10M $-55.10M $91.40M $66.90M $47.80M $100.60M $10.40M
Change in Inventory $11.00M $200.00K $35.60M $24.40M $-6.40M $26.80M $111.00M
Operating Cash Flow $900.70M - $2.00B $1.14B $811.70M - $2.69B
Capital Expenditure $1.25B $1.52B $5.50B $4.01B $2.12B $2.08B $4.72B
Acquisitions - - $59.90M - - - -
Investing Cash Flow $-1.24B - $-5.68B $-4.42B $-2.18B - $-4.77B
Debt Repayment $569.60M $49.80M $380.10M $332.30M $12.10M $409.50M $76.70M
Dividends Paid $398.40M $398.40M $1.19B $787.40M $393.60M $393.50M $1.17B
Financing Cash Flow $-490.10M - $3.03B $1.83B $274.20M - $2.85B
Net Change in Cash $-829.60M $-468.30M $-655.40M $-1.49B $-1.13B $604.00M $758.70M
SEC Filing Format - Data shown as it appears in the Q1 2026 (10-Q) filing Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
Description Dec 31, 2025
Current Prior Year
Total Revenue $3.10B $2.93B
Cost of Revenue $2.11B $2.02B
Research & Development $20.40M $22.00M
Selling General & Admin $228.70M $242.40M
Operating Income $734.50M $643.60M
Interest Expense $54.50M $42.60M
Other Income/Expense $-1.40M $38.90M
Income Before Tax $850.80M $790.50M
Income Tax Expense $159.40M $140.70M
Net Income $678.20M $617.40M
Basic EPS 3.04 2.77
Diluted EPS 3.04 2.77
Basic Shares Outstanding $222.80M $222.70M
Diluted Shares Outstanding $222.90M $222.90M
Condensed Consolidated Balance Sheets
Description Dec 31, 2025 Sep 30, 2025
Cash & Cash Equivalents $1.03B $1.86B
Accounts Receivable $1.89B $1.90B
Inventory $788.10M $776.50M
Other Current Assets $757.40M $689.50M
Total Current Assets $5.10B $5.83B
Property Plant & Equipment $26.14B $25.34B
Goodwill $971.50M $963.90M
Intangible Assets $294.40M $293.50M
Other Non-current Assets $1.10B $1.02B
Total Assets $41.24B $41.06B
Short-term Debt $66.70M $34.70M
Deferred Revenue $250.20M $253.40M
Total Current Liabilities $3.50B $4.22B
Deferred Tax Liabilities $661.90M $579.60M
Other Non-current Liabilities $1.34B $1.35B
Total Liabilities $23.40B $23.71B
Common Stock $249.40M $249.40M
Retained Earnings $17.84B $17.56B
Total Stockholders Equity $15.41B $15.02B
Total Liabilities & Equity $41.24B $41.06B
Condensed Consolidated Statements of Cash Flows
Description Dec 31, 2025
Current Prior Year
Net Income $678.20M $617.40M
Depreciation & Amortization $370.70M $366.80M
Stock-based Compensation $10.60M $16.40M
Deferred Income Tax $78.20M $-6.30M
Change in Receivables $-6.10M $47.80M
Change in Inventory $11.00M $-6.40M
Operating Cash Flow $900.70M $811.70M
Capital Expenditure $1.25B $2.12B
Investing Cash Flow $-1.24B $-2.18B
Debt Repayment $569.60M $12.10M
Dividends Paid $398.40M $393.60M
Financing Cash Flow $-490.10M $274.20M
Net Change in Cash $-829.60M $-1.13B

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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