Air Products & Chemicals (APD) Return on Invested Capital [ROIC] (2009 - 2026)
Air Products & Chemicals (APD) recorded Return on Invested Capital [ROIC] of 0.00% in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 3.72 percentage points from 3.72% a year earlier and down 4.09 percentage points from the prior quarter.
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Analysis
Air Products & Chemicals (APD) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Air Products & Chemicals reported Return on Invested Capital [ROIC] of -2.03%, down 14.23 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of -12.46 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Return on Invested Capital [ROIC] came in at 12.20% in FY2024 (+3.55 pp), 8.65% in FY2023 (-0.43 pp), 9.08% in FY2022 (+0.12 pp) and 8.96% in FY2021 (-1.46 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from -1.96% in fiscal Q4 2025 to 11.29% in fiscal Q4 2024 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in three of the last eight quarters, with an average year-over-year change of -3.73 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 3.33 percentage points in fiscal Q4 2024, against a drop of 13.25 percentage points in fiscal Q4 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 4.09% (Q2 2026), -1.44% (Q1 2026) and -1.96% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 221.03 Bn | 204.14 Bn | 4.43 Bn | 10.79% |
| 2 | Corning | 141.47 Bn | 134.60 Bn | 1.63 Bn | 10.44% |
| 3 | Sherwin Williams | 77.59 Bn | 76.63 Bn | 3.34 Bn | 19.18% |
| 4 | Air Products & Chemicals | 61.84 Bn | 59.74 Bn | 1.04 Bn | 0.00% |
| 5 | LyondellBasell Industries | 37.84 Bn | 27.46 Bn | 2.04 Bn | 4.14% |
| 6 | Nutrien | 33.77 Bn | 30.64 Bn | 3.25 Bn | 11.88% |
| 7 | Qnity Electronics | 27.51 Bn | 24.93 Bn | 666.00 Mn | 8.31% |
| 8 | Ati | 26.21 Bn | 24.36 Bn | 309.80 Mn | 14.85% |
| 9 | Ppg Industries | 23.37 Bn | 16.17 Bn | 1.81 Bn | 11.51% |
| 10 | International Flavors & Fragrances | 21.04 Bn | 18.74 Bn | 853.00 Mn | 2.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.00% |
| Mar 31, 2026 | 4.09% |
| Dec 31, 2025 | -1.44% |
| Sep 30, 2025 | -1.96% |
| Jun 30, 2025 | 3.72% |
| Mar 31, 2025 | 3.75% |
| Dec 31, 2024 | 10.81% |
| Sep 30, 2024 | 11.29% |
| Jun 30, 2024 | 7.54% |
| Mar 31, 2024 | 7.55% |
| Dec 31, 2023 | 7.51% |
| Sep 30, 2023 | 7.95% |
| Jun 30, 2023 | 8.04% |
| Mar 31, 2023 | 8.49% |
| Dec 31, 2022 | 9.42% |
| Sep 30, 2022 | 9.11% |
| Jun 30, 2022 | 8.87% |
| Mar 31, 2022 | 8.71% |
| Dec 31, 2021 | 8.67% |
| Sep 30, 2021 | 8.79% |
API Access
Air Products & Chemicals Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=APD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=APD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();