Air Products and Chemicals Inc

NYSE:APDBasic MaterialsCBOE:SPESGSTOXX:EDD24BP

$298.65−0.31%At closeAt close · Tue 20 Oct · ≈ AED 1,096.79 · Market cap $66.51B · Next earnings Thu 5 Nov

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	33.9%	30.4%	26.5%	29.9%	32.5%	31.4%	—	—
Operating margin	25.3%	22.1%	18.4%	19.8%	36.9%	−7.3%	−7.3%	+0.0 pts
Net margin	21.3%	20.3%	17.8%	18.3%	31.6%	−3.3%	0.0%	+3.3 pts
EBITDA margin	42.0%	38.5%	33.2%	35.1%	53.6%	11.1%	—	—
Return on equity	15.6%	15.5%	17.2%	16.1%	22.5%	−2.6%	0.0%	+2.7 pts
Return on assets	7.5%	7.8%	8.3%	7.2%	9.7%	−1.0%	0.0%	+1.0 pts
Return on capital employed	9.8%	9.5%	9.9%	8.9%	12.6%	−2.4%	—	—
Debt / equity	0.7×	0.6×	0.6×	0.8×	0.9×	1.2×	1.1×	−13.4%
Debt / assets	33.0%	30.6%	30.6%	34.5%	37.9%	44.8%	—	—
Interest coverage	20.5×	16.1×	18.3×	14.1×	20.4×	−4.1×	—	—
Current ratio	3.6×	3.0×	1.8×	1.3×	1.5×	1.4×	1.4×	+0.0%
Quick ratio	3.4×	2.8×	1.7×	1.2×	1.3×	1.2×	—	—
Cash ratio	2.2×	1.6×	0.8×	0.4×	0.7×	0.4×	0.4×	+0.0%
Asset turnover	0.4×	0.4×	0.5×	0.4×	0.3×	0.3×	—	—
Inventory turnover	14.5×	15.8×	18.2×	13.6×	10.7×	10.6×	—	—
Receivables turnover	6.2×	6.2×	6.2×	5.8×	5.6×	4.8×	—	—
Dividend payout	58.5%	59.9%	61.3%	65.1%	40.9%	−401.5%	—	—

Margins, returns, leverage and liquidityUpdated 30 Sep 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.