Air Products & Chemicals, Inc.

CIK: 2969 SIC: 2810

Profile Charts Filings

$12.21B

Revenue

$-333.70M

Net Income

31.63%

Gross Margin

-6.44%

Op. Margin

Free Cash Flow

Financial Statements Annual (10-K)

Showing 17 of 17 annual reports available (2009 - 2025)

Show: 5 10 All (17)

Annual Quarterly

Breakdown	TTM (Dec 31, 2025)	FY 2025 (Sep 30, 2025)	FY 2024 (Sep 30, 2024)	FY 2023 (Sep 30, 2023)	FY 2022 (Sep 30, 2022)	FY 2021 (Sep 30, 2021)	FY 2020 (Sep 30, 2020)	FY 2019 (Sep 30, 2019)	FY 2018 (Sep 30, 2018)	FY 2017 (Sep 30, 2017)	FY 2016 (Sep 30, 2016)	FY 2015 (Sep 30, 2015)	FY 2014 (Sep 30, 2014)	FY 2013 (Sep 30, 2013)	FY 2012 (Sep 30, 2012)	FY 2011 (Sep 30, 2011)	FY 2010 (Sep 30, 2010)	FY 2009 (Sep 30, 2009)
+ Total Revenue	$12.21B	$12.04B	$12.10B	$12.60B	$12.70B	$10.32B	$8.86B	$8.92B	$8.93B	$8.19B	$7.50B	$7.82B	$10.44B	$10.18B	$9.61B	$10.08B	$9.03B	$8.26B
Revenue Growth %	1.4%	-0.5%	-4.0%	-0.8%	23.0%	16.6%	-0.7%	-0.1%	9.1%	9.1%	-4.1%	-25.0%	2.5%	5.9%	-4.7%	11.7%	9.3%	nan%
Cost of Revenue	$8.35B	$8.26B	$8.17B	$8.83B	$9.34B	$7.19B	$5.86B	$5.98B	$6.19B	$5.75B	$5.18B	$5.60B	$7.63B	$7.47B	$7.05B	$7.32B	$6.50B	$6.04B
+ Gross Profit	$3.86B	$3.78B	$3.93B	$3.77B	$3.36B	$3.14B	$3.00B	$2.94B	$2.74B	$2.43B	$2.33B	$2.23B	$2.80B	$2.71B	$2.56B	$2.77B	$2.52B	$2.21B
Gross Margin %	31.6%	31.4%	32.5%	29.9%	26.5%	30.4%	33.9%	33.0%	30.7%	29.7%	31.0%	28.5%	26.9%	26.6%	26.6%	27.4%	28.0%	26.8%
Research & Development	$94.70M	$96.30M	$100.20M	$105.60M	$102.90M	$93.50M	$83.90M	$72.90M	$64.50M	$57.80M	$71.60M	$76.40M	$141.40M	$133.70M	$126.40M	$118.80M	$114.70M	$116.30M
Selling General & Admin	$892.40M	$906.10M	$942.40M	$957.00M	$900.60M	$828.40M	$775.90M	$750.00M	$760.80M	$715.60M	$685.00M	$773.00M	$1.06B	$1.07B	$946.80M	$1.01B	$956.90M	$943.40M
+ Operating Income	$-786.10M	$-877.00M	$4.47B	$2.49B	$2.34B	$2.28B	$2.24B	$2.14B	$1.97B	$1.43B	$1.53B	$1.23B	$1.33B	$1.32B	$1.28B	$1.62B	$1.39B	$846.30M
Operating Margin %	-6.4%	-7.3%	36.9%	19.8%	18.4%	22.1%	25.3%	24.0%	22.0%	17.4%	20.4%	15.8%	12.7%	13.0%	13.3%	16.1%	15.4%	10.3%
Interest Expense	$225.90M	$214.00M	$218.80M	$177.50M	$128.00M	$141.80M	$109.30M	$137.00M	$130.50M	$120.60M	$115.20M	$102.80M	$125.10M	$141.80M	$123.70M	$115.50M	$121.90M	$121.90M
Other Income/Expense	$-37.70M	$2.60M	$-73.80M	$-39.00M	$62.40M	$73.70M	$30.70M	$66.70M	$5.10M	$29.00M	-	-	-	-	-	-	-	-
Income Before Tax	$-380.40M	$-440.70M	$4.82B	$2.88B	$2.75B	$2.51B	$2.42B	$2.29B	$2.02B	$1.42B	$1.55B	$1.27B	$1.35B	$1.35B	$1.31B	$1.66B	$1.39B	$836.60M
Income Tax Expense	$-75.60M	$-94.30M	$944.90M	$551.20M	$500.80M	$462.80M	$478.40M	$480.10M	$524.30M	$260.90M	$432.60M	$300.20M	$366.00M	$307.90M	$287.30M	$408.40M	$339.50M	$185.30M
+ Net Income	$-333.70M	$-394.50M	$3.83B	$2.30B	$2.26B	$2.10B	$1.89B	$1.76B	$1.50B	$3.00B	$631.10M	$1.28B	$991.70M	$994.20M	$1.17B	$1.22B	$1.03B	$631.30M
Net Margin %	-2.7%	-3.3%	31.6%	18.3%	17.8%	20.3%	21.3%	19.7%	16.8%	36.6%	8.4%	16.3%	9.5%	9.8%	12.1%	12.1%	11.4%	7.6%
Basic EPS	nan	-1.77	17.21	10.35	10.16	9.47	8.53	7.99	6.83	13.76	2.92	5.95	4.66	4.74	5.53	5.75	4.85	3.01
Diluted EPS	nan	-1.77	17.18	10.33	10.14	9.43	8.49	7.94	6.78	13.65	2.89	5.88	4.61	4.68	5.44	5.63	4.74	2.96
Basic Shares Outstanding	222.8M	222.7M	222.5M	222.3M	222.0M	221.6M	221.2M	220.3M	219.3M	218.0M	216.4M	214.9M	212.7M	209.7M	211.2M	213.0M	212.2M	209.9M
Diluted Shares Outstanding	222.9M	222.7M	222.8M	222.7M	222.5M	222.5M	222.3M	221.6M	220.8M	219.8M	218.3M	217.3M	215.2M	212.3M	214.7M	217.6M	217.1M	213.5M

Breakdown	FY 2025 (Sep 30, 2025)	FY 2024 (Sep 30, 2024)	FY 2023 (Sep 30, 2023)	FY 2022 (Sep 30, 2022)	FY 2021 (Sep 30, 2021)	FY 2020 (Sep 30, 2020)	FY 2019 (Sep 30, 2019)	FY 2018 (Sep 30, 2018)	FY 2017 (Sep 30, 2017)	FY 2016 (Sep 30, 2016)	FY 2015 (Sep 30, 2015)	FY 2014 (Sep 30, 2014)	FY 2013 (Sep 30, 2013)	FY 2012 (Sep 30, 2012)	FY 2011 (Sep 30, 2011)	FY 2010 (Sep 30, 2010)	FY 2009 (Sep 30, 2009)
Cash & Cash Equivalents	$1.86B	$2.98B	$1.62B	$2.71B	$4.47B	$5.25B	$2.25B	$2.79B	$3.27B	$1.29B	$183.10M	$336.60M	$450.40M	$454.40M	$422.50M	$374.30M	$488.20M
Short-term Investments	-	$5.00M	$332.20M	$590.70M	$1.33B	$1.10B	$166.00M	$184.70M	$404.00M	-	-	-	-	-	-	-	-
Accounts Receivable	$1.90B	$1.82B	$1.70B	$1.79B	$1.45B	$1.27B	$1.26B	$1.21B	$1.17B	$1.15B	$1.41B	$1.49B	$1.54B	$1.54B	$1.57B	$1.48B	$1.36B
Inventory	$776.50M	$766.00M	$651.80M	$514.20M	$453.90M	$404.80M	$388.30M	$396.10M	$335.40M	$255.00M	$657.80M	$706.00M	$706.10M	$786.60M	$681.40M	$571.60M	$509.60M
Other Current Assets	$689.50M	$610.80M	$722.10M	$515.80M	$550.90M	$482.90M	$477.70M	$295.80M	$403.30M	$538.20M	$462.30M	$523.00M	$432.40M	-	-	-	-
Total Current Assets	$5.83B	$6.36B	$5.20B	$6.28B	$8.38B	$8.68B	$4.62B	$5.08B	$5.88B	$4.32B	$2.91B	$3.29B	$3.44B	$3.42B	$3.19B	$3.03B	$3.00B
Property Plant & Equipment	$25.34B	$23.37B	$17.47B	$14.16B	$13.25B	$11.96B	$10.34B	$9.92B	$8.44B	$8.26B	$8.24B	$9.53B	$8.97B	$8.24B	$7.41B	$7.05B	$6.86B
Goodwill	$963.90M	$905.10M	$861.70M	$823.00M	$911.50M	$891.50M	$797.10M	$788.90M	$721.50M	$845.10M	$837.10M	$1.24B	$1.65B	$1.60B	$892.40M	$914.60M	$916.00M
Intangible Assets	$293.50M	$311.60M	$334.60M	$347.50M	$420.70M	$435.80M	$419.50M	$438.50M	$368.30M	$387.90M	$508.30M	$615.80M	$717.30M	$761.60M	$260.70M	$285.70M	$262.60M
Other Non-current Assets	$1.02B	$1.17B	$1.23B	$1.64B	$1.51B	$943.10M	$604.10M	$654.50M	$641.80M	$671.00M	$634.90M	$426.30M	$393.50M	$393.60M	$481.40M	$537.30M	$438.00M
Total Assets	$41.06B	$39.57B	$32.00B	$27.19B	$26.86B	$25.17B	$18.94B	$19.18B	$18.47B	$18.03B	$17.32B	$17.78B	$17.85B	$16.94B	$14.29B	$13.51B	$13.03B
Short-term Debt	$34.70M	$83.50M	$259.50M	$10.70M	$2.40M	$7.70M	$58.20M	$54.30M	$144.00M	$935.80M	$1.49B	$1.23B	$709.90M	$633.40M	$562.50M	$286.00M	$333.80M
Total Current Liabilities	$4.22B	$4.18B	$3.90B	$3.47B	$2.80B	$2.42B	$1.82B	$2.34B	$2.49B	$3.28B	$3.65B	$2.96B	$3.23B	$2.69B	$2.34B	$2.24B	$2.50B
Long-term Debt	-	-	-	$6.43B	$6.88B	$7.13B	$2.91B	$2.97B	$3.40B	$4.92B	$3.95B	$4.82B	$5.06B	$4.58B	$3.93B	$3.66B	$3.72B
Deferred Tax Liabilities	$579.60M	$1.16B	$1.27B	$1.25B	$1.18B	$962.60M	$793.80M	$775.10M	$778.40M	-	-	-	-	-	-	-	-
Other Non-current Liabilities	$1.35B	$1.35B	$1.12B	$1.69B	$1.64B	$1.92B	$1.71B	$1.54B	$1.61B	$1.82B	$1.56B	$1.19B	$1.16B	$1.98B	$1.51B	$1.57B	$1.52B
Total Liabilities	$23.71B	$20.90B	$16.34B	$13.49B	$12.77B	$12.73B	$7.55B	$8.00B	$8.28B	$10.82B	$10.06B	$9.97B	$10.28B	$9.93B	$8.35B	$7.81B	$8.10B
Common Stock	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M	$249.40M
Retained Earnings	$17.56B	$19.55B	$17.29B	$16.52B	$15.68B	$14.88B	$14.14B	$13.41B	$12.85B	$10.48B	$10.58B	$9.99B	$9.65B	$9.23B	$8.60B	$7.85B	$7.23B
Treasury Stock	-	-	$1.97B	$1.98B	$1.99B	$2.00B	$2.03B	$2.09B	$2.16B	$2.23B	$2.36B	$2.48B	$2.63B	$2.47B	$2.61B	$2.20B	$2.35B
Total Stockholders Equity	$15.02B	$17.04B	$14.31B	$13.14B	$13.54B	$12.08B	$11.05B	$10.86B	$10.09B	$7.08B	$7.25B	$7.37B	$7.04B	$6.48B	$5.80B	$5.55B	$4.79B
Total Liabilities & Equity	$41.06B	$39.57B	$32.00B	$27.19B	$26.86B	$25.17B	$18.94B	$19.18B	$18.47B	$18.03B	$17.44B	$17.78B	$17.85B	$16.94B	$14.29B	$13.51B	$13.03B

Breakdown	TTM (Dec 31, 2025)	FY 2025 (Sep 30, 2025)	FY 2024 (Sep 30, 2024)	FY 2023 (Sep 30, 2023)	FY 2022 (Sep 30, 2022)	FY 2021 (Sep 30, 2021)	FY 2020 (Sep 30, 2020)	FY 2019 (Sep 30, 2019)	FY 2018 (Sep 30, 2018)	FY 2017 (Sep 30, 2017)	FY 2016 (Sep 30, 2016)	FY 2015 (Sep 30, 2015)	FY 2014 (Sep 30, 2014)	FY 2013 (Sep 30, 2013)	FY 2012 (Sep 30, 2012)	FY 2011 (Sep 30, 2011)	FY 2010 (Sep 30, 2010)	FY 2009 (Sep 30, 2009)
Net Income	$-333.70M	$-394.50M	$3.83B	$2.30B	$2.26B	$2.10B	$1.89B	$1.76B	$1.50B	$3.00B	$631.10M	$1.28B	$991.70M	$994.20M	$1.17B	$1.22B	$1.03B	$631.30M
Depreciation & Amortization	$2.69B	$1.56B	$1.45B	$1.36B	$1.34B	$1.32B	$1.19B	$1.08B	$970.70M	$865.80M	$854.60M	$858.50M	$956.90M	$907.00M	$840.80M	$873.90M	$863.40M	$840.30M
Stock-based Compensation	$141.70M	$76.40M	$61.80M	$59.90M	$48.40M	$44.50M	$53.50M	$41.20M	$38.80M	$39.90M	$31.00M	$39.50M	$44.00M	$43.50M	$43.80M	$44.80M	$48.60M	$60.40M
Deferred Income Tax	$-1.02B	$-554.80M	$-69.30M	$-24.70M	$32.30M	$94.00M	$165.00M	$57.60M	$-55.40M	$-38.00M	$61.80M	-	-	-	$65.20M	$185.70M	$96.20M	$-52.30M
Change in Receivables	$97.10M	$36.30M	$111.00M	$-130.70M	$475.20M	$130.50M	$-43.20M	$69.00M	$42.80M	$73.60M	$44.80M	$40.70M	$2.70M	$-4.80M	$55.10M	$103.50M	$-142.50M	$159.00M
Change in Inventory	$71.20M	$35.80M	$137.80M	$129.40M	$94.30M	$47.20M	$5.20M	$3.00M	$64.20M	$-6.40M	$-32.20M	$-38.00M	$23.50M	$-75.00M	$-1.30M	$101.80M	$-65.90M	$-17.70M
Operating Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.75B	$1.52B	$1.32B
Capital Expenditure	$12.28B	$7.02B	$6.80B	$4.63B	$2.93B	$2.46B	$2.51B	$1.99B	$1.57B	$1.04B	$907.70M	$1.16B	$1.68B	$1.52B	$1.52B	$1.35B	$1.03B	$1.18B
Acquisitions	-	$59.90M	-	-	$65.10M	$10.50M	$183.30M	$123.20M	$345.40M	$8.20M	-	$34.50M	-	$224.90M	$863.40M	$10.80M	$37.20M	$32.70M
Purchases of Investments	-	-	-	-	$1.64B	$2.10B	$2.87B	$172.10M	$530.30M	$2.69B	-	-	-	-	-	-	-	-
Investing Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-1.21B	$-1.06B	$-1.04B
Debt Repayment	$1.33B	$429.90M	$486.20M	$615.40M	$400.00M	$462.90M	$406.60M	$428.60M	$418.70M	$483.90M	$480.40M	$699.40M	$608.60M	$437.50M	$490.60M	$187.10M	$436.40M	$82.90M
Stock Repurchased	-	-	-	-	-	-	-	-	-	-	-	-	-	$461.60M	$53.10M	$649.20M	-	-
Dividends Paid	$2.77B	$1.58B	$1.56B	$1.50B	$1.38B	$1.26B	$1.10B	$994.00M	$897.80M	$787.90M	$721.20M	$677.50M	$627.70M	$565.60M	$514.90M	$456.70M	$398.70M	$373.30M
Financing Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-484.50M	$-579.70M	$101.50M
Net Change in Cash	$-3.44B	$-1.12B	$1.36B	$-1.09B	$-1.76B	$-784.10M	$3.00B	$-542.60M	$-482.30M	$1.94B	$1.29B	$-130.20M	$-113.80M	$-4.00M	$31.90M	$48.20M	$-113.90M	$384.70M

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
Description	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
Description	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-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.