Air Products & Chemicals (APD) FCF Margin (2009 - 2026)
Air Products & Chemicals' FCF Margin was 9.79% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 30.96 percentage points from -21.17% a year earlier and up 9.91 percentage points from the prior quarter.
Air Products & Chemicals (APD) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Air Products & Chemicals' FCF Margin was -2.39% through Jun 30, 2026, up 35.99 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was -31.28%, down 5.25 percentage points from FY2024.
- FCF Margin has now declined for six consecutive fiscal years, with a five-year change of -39.82 percentage points (FY2020 to FY2025).
- In earlier fiscal years, FCF Margin was -26.03% in FY2024 (-14.76 pp), -11.28% in FY2023 (-13.20 pp), 1.92% in FY2022 (-6.52 pp) and 8.44% in FY2021 (-0.10 pp).
- The fiscal Q3 2026 figure marks the highest quarterly FCF Margin since fiscal Q3 2021.
- Compared with a year earlier, FCF Margin has increased for four straight quarters, with an average year-over-year change of +9.15 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was fiscal Q2 2026 (a gain of 53.49 percentage points); the worst was fiscal Q4 2021 (a drop of 26.56 percentage points).
- Per Business Quant data, APD's FCF Margin in the three fiscal quarters before Q3 2026 was -0.12% (Q2 2026), -11.30% (Q1 2026) and -8.10% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 217.60 Bn | 200.72 Bn | 4.43 Bn | 8.97% |
| 2 | Corning | 130.50 Bn | 123.63 Bn | 1.63 Bn | 28.75% |
| 3 | Sherwin Williams | 80.80 Bn | 79.84 Bn | 3.34 Bn | 18.25% |
| 4 | Air Products & Chemicals | 62.07 Bn | 59.97 Bn | 1.04 Bn | 9.79% |
| 5 | Corteva | 51.85 Bn | 40.65 Bn | 3.66 Bn | -9.22% |
| 6 | LyondellBasell Industries | 37.65 Bn | 27.27 Bn | 2.04 Bn | 5.25% |
| 7 | Nutrien | 34.70 Bn | 31.57 Bn | 3.25 Bn | 27.52% |
| 8 | Qnity Electronics | 26.13 Bn | 23.56 Bn | 666.00 Mn | 10.57% |
| 9 | Ati | 24.61 Bn | 22.75 Bn | 309.80 Mn | 5.01% |
| 10 | Ppg Industries | 23.77 Bn | 16.57 Bn | 1.81 Bn | 9.97% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.79% |
| Mar 31, 2026 | -0.12% |
| Dec 31, 2025 | -11.30% |
| Sep 30, 2025 | -8.10% |
| Jun 30, 2025 | -21.17% |
| Mar 31, 2025 | -53.61% |
| Dec 31, 2024 | -44.55% |
| Sep 30, 2024 | -35.08% |
| Jun 30, 2024 | -11.56% |
| Mar 31, 2024 | -29.61% |
| Dec 31, 2023 | -27.32% |
| Sep 30, 2023 | -14.43% |
| Jun 30, 2023 | -15.72% |
| Mar 31, 2023 | -11.51% |
| Dec 31, 2022 | -3.62% |
| Sep 30, 2022 | 4.76% |
| Jun 30, 2022 | 6.36% |
| Mar 31, 2022 | -8.49% |
| Dec 31, 2021 | 4.05% |
| Sep 30, 2021 | 7.39% |
Air Products & Chemicals FCF Margin 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=fcf-margin&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();