Air Products & Chemicals (APD) Cash from Operations (2009 - 2026)
Air Products & Chemicals (APD) reported Cash from Operations of $1.31 billion for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 52.5% from $855.8 million a year earlier and up 18.3% from the prior quarter.
Air Products & Chemicals (APD) Cash from Operations (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Air Products & Chemicals' Cash from Operations came in at $4.57 billion, up 54.8% year-over-year; for FY2025 (ended Sep 30, 2025), it was $3.26 billion, down 10.7% from FY2024.
- Cash from Operations has a five-year compound annual growth rate of 0.0% (FY2020 to FY2025).
- By fiscal year, Cash from Operations came in at $3.65 billion in FY2024 (+13.8%), $3.21 billion in FY2023 (+1.1%), $3.17 billion in FY2022 (-4.9%) and $3.34 billion in FY2021 (+2.2%).
- The fiscal Q3 2026 figure ranks as the highest quarterly Cash from Operations in data going back to fiscal Q2 2009.
- Year over year, Cash from Operations has now increased in each of the last four quarters, with growth averaging 33.2% over the last eight quarters.
- The high point for year-over-year Cash from Operations in five years was fiscal Q2 2026 (growth of 236.4%); the low point was fiscal Q2 2025 (a decline of 59.1%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $1.1 billion (Q2 2026), $900.7 million (Q1 2026) and $1.26 billion (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.54 Bn | 223.24 Bn | 4.44 Bn | 3.17 Bn |
| 2 | Corning | 96.61 Bn | 88.91 Bn | 1.81 Bn | 1.06 Bn |
| 3 | Sherwin Williams | 85.84 Bn | 84.86 Bn | 3.28 Bn | 1.10 Bn |
| 4 | Air Products & Chemicals | 69.53 Bn | 72.40 Bn | - | 1.37 Bn |
| 5 | LyondellBasell Industries | 39.13 Bn | 27.31 Bn | 1.50 Bn | 1.72 Bn |
| 6 | Nutrien | 34.78 Bn | 31.35 Bn | 1.86 Bn | -425.00 Mn |
| 7 | Ppg Industries | 27.48 Bn | 20.55 Bn | 1.76 Bn | 566.00 Mn |
| 8 | Qnity Electronics | 25.83 Bn | 22.27 Bn | 743.00 Mn | 271.00 Mn |
| 9 | Ati | 24.82 Bn | 22.90 Bn | 380.20 Mn | 154.60 Mn |
| 10 | Dow | 22.79 Bn | 8.23 Bn | 1.38 Bn | 1.84 Bn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.37 Bn |
| Jun 30, 2026 | 1.31 Bn |
| Mar 31, 2026 | 1.10 Bn |
| Dec 31, 2025 | 900.70 Mn |
| Dec 31, 2024 | 811.70 Mn |
| Dec 31, 2023 | 626.60 Mn |
| Dec 31, 2022 | 719.30 Mn |
| Dec 31, 2021 | 785.20 Mn |
| Dec 31, 2020 | 774.70 Mn |
| Jun 30, 2020 | 774.70 Mn |
| Mar 31, 2020 | 571.50 Mn |
| Dec 31, 2019 | 667.00 Mn |
| Sep 30, 2019 | 966.50 Mn |
| Jun 30, 2019 | 717.60 Mn |
| Mar 31, 2019 | 630.60 Mn |
| Dec 31, 2018 | 655.20 Mn |
| Sep 30, 2018 | 691.00 Mn |
| Jun 30, 2018 | 750.20 Mn |
| Mar 31, 2018 | 546.00 Mn |
| Dec 31, 2017 | 560.00 Mn |
Air Products & Chemicals Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "APD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();