Air Products and Chemicals, Inc.
APDBasic MaterialsNASDAQSpecialty Chemicals · Last scanned Jul 18, 2026
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Daily timeframeAir Products and Chemicals, Inc. With a market capitalization of $65.83B, it sits in large-cap territory. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally.
Market Cap
$65.83B
Beta
0.74
P/E (TTM)
31.35
P/E (Fwd)
20.70
EPS (TTM)
$9.43
EPS (Fwd)
$14.28
ROE
12.3%
ROA
3.6%
Cash
$954.2M
Total Debt
$18.44B
Free CF
-$3.52B
52W Change
0.1%
Annual Financials
Cash vs Debt
The company holds $954.2M in cash, though total debt stands at $18.44B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company is burning cash, with free cash flow at -$3.52B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 12.3%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.6% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $12.70B (2022) to $12.04B (2025).
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Air Products and Chemicals, Inc.'s trajectory.