Air Products & Chemicals (APD) Invested Capital (2009 - 2026)
Air Products & Chemicals' Invested Capital came in at $34.08 billion for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 3.9% from $35.46 billion a year earlier and down 4.6% from the prior quarter.
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Analysis
Air Products & Chemicals (APD) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Air Products & Chemicals' Invested Capital was $34.87 billion, up 6.0% from FY2024.
- Invested Capital has increased in each of the last three fiscal years, with a five-year compound annual growth rate of 11.7% (FY2020 to FY2025).
- Going back by fiscal year, Invested Capital was $32.9 billion in FY2024 (+26.7%), $25.97 billion in FY2023 (+25.5%), $20.7 billion in FY2022 (-3.5%) and $21.45 billion in FY2021 (+7.0%).
- The fiscal Q3 2026 figure represents the lowest quarterly Invested Capital since fiscal Q2 2025.
- Year-over-year, Invested Capital increased in seven of the last eight quarters, with growth averaging 17.3%.
- The fastest year-over-year change in Invested Capital over five years came in fiscal Q1 2026 (growth of 58.0%), and the weakest in fiscal Q3 2026 (a decline of 3.9%).
- Business Quant data shows APD's Invested Capital at $35.72 billion (Q2 2026), $52.48 billion (Q1 2026) and $34.87 billion (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 218.80 Bn | 201.92 Bn | 4.43 Bn | 68.63 Bn |
| 2 | Corning | 132.43 Bn | 125.56 Bn | 1.63 Bn | 21.60 Bn |
| 3 | Sherwin Williams | 78.49 Bn | 77.53 Bn | 3.34 Bn | 15.93 Bn |
| 4 | Air Products & Chemicals | 61.97 Bn | 59.87 Bn | 1.04 Bn | 34.08 Bn |
| 5 | Corteva | 51.82 Bn | 40.62 Bn | 3.66 Bn | 30.28 Bn |
| 6 | LyondellBasell Industries | 37.12 Bn | 26.74 Bn | 2.04 Bn | 23.59 Bn |
| 7 | Nutrien | 33.86 Bn | 30.73 Bn | 3.25 Bn | 37.33 Bn |
| 8 | Qnity Electronics | 26.31 Bn | 23.73 Bn | 666.00 Mn | 11.57 Bn |
| 9 | Ati | 25.78 Bn | 23.93 Bn | 309.80 Mn | 4.19 Bn |
| 10 | Ppg Industries | 23.19 Bn | 15.99 Bn | 1.81 Bn | 15.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.08 Bn |
| Mar 31, 2026 | 35.72 Bn |
| Dec 31, 2025 | 52.48 Bn |
| Sep 30, 2025 | 34.87 Bn |
| Jun 30, 2025 | 35.46 Bn |
| Mar 31, 2025 | 32.64 Bn |
| Dec 31, 2024 | 33.21 Bn |
| Sep 30, 2024 | 32.90 Bn |
| Jun 30, 2024 | 30.72 Bn |
| Mar 31, 2024 | 29.96 Bn |
| Dec 31, 2023 | 28.24 Bn |
| Sep 30, 2023 | 25.97 Bn |
| Jun 30, 2023 | 24.76 Bn |
| Mar 31, 2023 | 23.14 Bn |
| Dec 31, 2022 | 21.92 Bn |
| Sep 30, 2022 | 20.70 Bn |
| Jun 30, 2022 | 21.32 Bn |
| Mar 31, 2022 | 21.67 Bn |
| Dec 31, 2021 | 21.47 Bn |
| Sep 30, 2021 | 21.45 Bn |
API Access
Air Products & Chemicals Invested Capital 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=invested-capital&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();