APD Q4 2025 Earnings — Air Products and Chemicals, Inc. Revenue & Financial Results | Market Cap Arena

APDAir Products and Chemicals, Inc.

$61B

Q4 2025 Earnings

Basic Materials Chemicals - Specialty

Income Statement

Revenue

$3.2B-0.6% YoY

Gross Profit

$1.0B32.3% margin

Operating Income

$17M0.5% margin

Net Income

$5M0.2% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

+4.8%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

-$257M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$41.1B

Total Liabilities

$23.7B

Stockholders' Equity

$15.0B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$3.2B	-0.6%
Gross Profit	$1.0B	$1.1B	-5.7%
Operating Income	$17M	$2.4B	-99.3%
Net Income	$5M	$1.9B	-99.7%

Revenue Segments

On-site

$1.6B50%

Merchant

$1.4B44%

Sale of Equipment

$186M6%

Geographic Segments

Americas Segment

$1.3B43%

Asia Segment

$870M29%

Europe Segment

$789M26%

Middle East And India Segment

$32M1%