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Air Products and Chemicals stock: growth
APDAir Products and Chemicals reported $12.99B in revenue for fiscal 2026, up 7.9% on the prior year, up 4.7% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
1.9%
per year from 2007 to 2026, per share 1.7%
Earnings (Annual rate)
−3.4%
per year from 2007 to 2026, per share −3.6%
Free cash flow (Annual rate)
0.4%
per year from 2007 to 2026, per share 0.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2021 | since 2016 | since 2007 | |
|---|---|---|---|
| Revenue | 4.7% | 5.6% | 1.9% |
| Revenue per share | 4.6% | 5.3% | 1.7% |
| Earnings | −24.0% | −1.7% | −3.4% |
| Earnings per share | −23.6% | −2.0% | −3.6% |
| Free cash flow | −11.5% | −12.2% | 0.4% |
| Free cash flow per share | −11.6% | −12.5% | 0.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2007 | $9.15B | $1.04B | $442.4M |
| 2008 | $10.41B | $909.7M | $594.5M |
| 2009 | $8.26B | $631.3M | $143.8M |
| 2010 | $9.03B | $1.03B | $491.5M |
| 2011 | $10.08B | $1.22B | $401.5M |
| 2012 | $9.61B | $1.17B | $277.7M |
| 2013 | $10.18B | $994.2M | $43.2M |
| 2014 | $10.44B | $991.7M | $502.9M |
| 2015 | $7.82B | $1.28B | $823M |
| 2016 | $7.5B | $631.1M | $1.75B |
| 2017 | $8.19B | $3B | $528.2M |
| 2018 | $8.93B | $1.5B | $973.5M |
| 2019 | $8.92B | $1.76B | $980.2M |
| 2020 | $8.86B | $1.89B | $755.7M |
| 2021 | $10.32B | $2.1B | $877.7M |
| 2022 | $12.7B | $2.26B | $303.7M |
| 2023 | $12.6B | $2.3B | −$1.42B |
| 2024 | $12.1B | $3.83B | −$3.15B |
| 2025 | $12.04B | −$394.5M | −$3.77B |
| 2026 | $12.99B | $532.1M | $476.8M |
Revenue by segment
How Air Products and Chemicals, Inc. makes its money and how that has shifted. Names are as the company reports them.
- On-site51%
- Merchant44%
- Sale of Equipment4%
Figures as a table
| 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|
| On-site | $6.63B | $6.18B | $5.89B | $6.18B | 51.3% |
| Merchant | $5.09B | $5.53B | $5.33B | $5.34B | 44.3% |
| Sale of Equipment | $970.8M | $889M | $878.4M | $520M | 4.3% |
| Total revenue | $12.7B | $12.6B | $12.1B | $12.04B | 100% |
Revenue by region
Where Air Products and Chemicals, Inc. generates its revenue.
- Americas43%
- Asia27%
- Europe25%
- Middle East And India1%
- Other4%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|
| Americas | $5.37B | $5.04B | $5.13B | 42.6% |
| Asia | $3.22B | $3.22B | $3.27B | 27.2% |
| Europe | $2.96B | $2.82B | $2.98B | 24.8% |
| Middle East And India | $162.5M | $134.4M | $135.9M | 1.1% |
| Other | $889M | $878.4M | $520M | 4.3% |
| Total revenue | $12.6B | $12.1B | $12.04B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 30 Sep 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 Oct 2026)
- Valuation signal Fairly valued since 10 Nov 2026, previously Overvalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.