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FCF Margin for Air Products and Chemicals (APD)

As of · Reported

Metric

TTM

8.9%

YoY change

−5.25pp

Trough year (2025)

-31.3%

Peak year (2016)

23.4%

FCF Margin history chart for Air Products and Chemicals (APD) from 1989 to 2025

Latest: -31.3%

FCF Margin change chart for Air Products and Chemicals (APD) from 1989 to 2025

Latest: −5.25pp

FCF Margin history table for Air Products and Chemicals (APD) from 1989 to 2025

  • 2025-31.3%-5.25pp
  • 2024-26.0%-14.76pp
  • 2023-11.3%-13.66pp
  • 20222.4%-6.11pp
  • 20218.5%-0.03pp
  • 20208.5%-2.46pp
  • 201911.0%+0.09pp
  • 201810.9%+4.45pp
  • 20176.5%-16.91pp
  • 201623.4%+12.84pp
  • 201510.5%+5.70pp
  • 20144.8%+4.39pp
  • 20130.4%-2.46pp
  • 20122.9%-1.09pp
  • 20114.0%-1.46pp
  • 20105.4%+3.70pp
  • 20091.7%-3.97pp
  • 20085.7%+0.87pp
  • 20074.8%+3.88pp
  • 20061.0%-4.52pp
  • 20055.5%+0.35pp
  • 20045.1%-1.59pp
  • 20036.7%-1.36pp
  • 20028.1%+1.51pp
  • 20016.6%-0.86pp
  • 20007.4%+3.45pp
  • 19994.0%-0.14pp
  • 19984.1%+0.61pp
  • 19973.5%+8.38pp
  • 1996-4.9%-0.93pp
  • 1995-3.9%-7.95pp
  • 19944.0%+1.20pp
  • 19932.8%-2.52pp
  • 19925.3%+1.48pp
  • 19913.9%+1.78pp
  • 19902.1%+0.90pp
  • 19891.2%—

FCF Margin values are taken from Air Products and Chemicals's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Air Products and Chemicals (APD)

According to Air Products and Chemicals's latest reported financial statements, the company's latest reported free cash flow margin is 8.9%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, Air Products and Chemicals (APD) reported free cash flow margin of -31.28% – contracted 5.3 percentage points year-over-year.

23.36% stands as the all-time-high annual free cash flow margin, posted in 2016, against a low of -31.28% during 2025.

Air Products and Chemicals FCF Margin by Year

Air Products and Chemicals FCF Margin 2025: -31.3%

In 2025, Air Products and Chemicals reported free cash flow margin of -31.28%, contracted 5.3 percentage points from 2024. This figure represents the lowest annual value in the available history.

Air Products and Chemicals FCF Margin 2024: -26.0%

Air Products and Chemicals free cash flow margin in 2024 was -26.03%, contracted 14.8 percentage points from 2023.

Air Products and Chemicals FCF Margin 2023: -11.3%

2023's free cash flow margin for Air Products and Chemicals came in at -11.27%, contracted 13.7 percentage points from 2022.

Air Products and Chemicals FCF Margin 2022: 2.4%

Air Products and Chemicals posted free cash flow margin of 2.39% in 2022, contracted 6.1 percentage points from 2021.

Air Products and Chemicals FCF Margin 2021: 8.5%

Air Products and Chemicals free cash flow margin in 2021 was 8.50%.

See more financial history for Air Products and Chemicals (APD).

Sector peers by FCF Margin

Basic Materials peers of Air Products and Chemicals (APD), ranked by their latest free cash flow margin

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