Operating Income for Air Products and Chemicals (APD)
According to Air Products and Chemicals's latest reported financial statements, the company's current operating income (TTM) is -$786.10M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
-$786.10M
YoY change
-119.6%
5Y CAGR
N/A
Peak year (2024)
$4.47B
Cumulative operating income
$44.83B
Operating Income history chart for Air Products and Chemicals (APD) from 1985 to 2025
Operating Income history table for Air Products and Chemicals (APD) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | -$877.00M | -119.6% | ||
| 2024 | $4.47B | +79.0% | ||
| 2023 | $2.49B | +6.7% | ||
| 2022 | $2.34B | +2.5% | ||
| 2021 | $2.28B | +2.0% | ||
| 2020 | $2.24B | +4.3% | ||
| 2019 | $2.14B | +9.1% | ||
| 2018 | $1.97B | +36.5% | ||
| 2017 | $1.44B | -6.2% | ||
| 2016 | $1.54B | +24.5% | ||
| 2015 | $1.23B | -7.9% | ||
| 2014 | $1.34B | +1.1% | ||
| 2013 | $1.32B | +3.3% | ||
| 2012 | $1.28B | -20.9% | ||
| 2011 | $1.62B | +16.8% | ||
| 2010 | $1.39B | +64.1% | ||
| 2009 | $846.30M | -43.4% | ||
| 2008 | $1.50B | +8.7% | ||
| 2007 | $1.38B | +30.3% | ||
| 2006 | $1.06B | +6.0% | ||
| 2005 | $995.50M | +13.2% | ||
| 2004 | $879.60M | +48.0% | ||
| 2003 | $594.50M | -21.9% | ||
| 2002 | $761.10M | +2.1% | ||
| 2001 | $745.40M | -10.3% | ||
| 2000 | $830.80M | +17.8% | ||
| 1999 | $705.00M | -15.1% | ||
| 1998 | $830.20M | +18.4% | ||
| 1997 | $701.20M | +18.6% | ||
| 1996 | $591.00M | +2.5% | ||
| 1995 | $576.40M | +18.6% | ||
| 1994 | $486.10M | +42.3% | ||
| 1993 | $341.50M | -27.6% | ||
| 1992 | $471.70M | +15.2% | ||
| 1991 | $409.50M | +5.2% | ||
| 1990 | $389.10M | +8.2% | ||
| 1989 | $359.50M | -1.0% | ||
| 1988 | $363.20M | +17.2% | ||
| 1987 | $310.00M | +20.9% | ||
| 1986 | $256.40M | +5.5% | ||
| 1985 | $243.00M | — |
Operating Income values are taken from Air Products and Chemicals's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Air Products and Chemicals (APD) operating income is -$877.00M – plunged 119.6% year-over-year.
Between 2024 and 2025, Air Products and Chemicals operating income plunged 119.6%, falling from $4.47B to -$877.00M.
Across the available history, operating income reached its high of $4.47B in 2024 and its low of -$877.00M in 2025.
Air Products and Chemicals (APD) sits 9th of 8 Basic Materials peers we track on this metric, against a peer median of $6.31B.
Air Products and Chemicals Operating Income by Year
Air Products and Chemicals Operating Income 2025: -$877.00M
Air Products and Chemicals operating income in 2025 was -$877.00M, plunged 119.6% below 2024. This figure represents the lowest annual value in the available history.
Air Products and Chemicals Operating Income 2024: $4.47B
Air Products and Chemicals operating income in 2024 was $4.47B, surged 79.0% from 2023. This figure represents the highest annual value in the available history.
Air Products and Chemicals Operating Income 2023: $2.49B
Air Products and Chemicals operating income in 2023 was $2.49B, grew 6.7% from 2022.
Air Products and Chemicals Operating Income 2022: $2.34B
Air Products and Chemicals operating income in 2022 was $2.34B, edged up 2.5% from 2021.
Air Products and Chemicals Operating Income 2021: $2.28B
Air Products and Chemicals operating income in 2021 was $2.28B.
See more financial history for Air Products and Chemicals (APD).
Sector peers — Operating Income
Companies in the same sector as Air Products and Chemicals, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Newmont Corporation (NEM) | $10.35B | Basic Materials |
| Linde plc (LIN) | $8.94B | Basic Materials |
| Southern Copper Corporation (SCCO) | $7.00B | Basic Materials |
| Agnico Eagle Mines Limited (AEM) | $6.33B | Basic Materials |
| Freeport-McMoRan Inc. (FCX) | $6.29B | Basic Materials |
| CRH plc (CRH) | $4.53B | Basic Materials |
| The Sherwin-Williams Company (SHW) | $3.80B | Basic Materials |
| Ecolab Inc. (ECL) | $2.91B | Basic Materials |
Frequently asked questions
What is Air Products and Chemicals's operating income?
- Latest reported operating income for Air Products and Chemicals (APD) is -$786.10M (period ending December 31, 2025).
How has Air Products and Chemicals operating income changed year-over-year?
- Air Products and Chemicals (APD) operating income changed -119.6% year-over-year on the latest annual filing.
When did Air Products and Chemicals operating income hit its highest annual value?
- Air Products and Chemicals operating income reached its highest annual value of $4.47B in 2024.
What was Air Products and Chemicals operating income in 2024?
- Air Products and Chemicals (APD) operating income in 2024 was $4.47B.
What was Air Products and Chemicals operating income in 2025?
- Air Products and Chemicals (APD) operating income in 2025 was -$877.00M.
Metrics overview
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