APD FINANCIAL STATEMENTS

Air Products and Chemicals Inc — balance sheet, income statement and cash flow trends

APDAir Products and Chemicals Inc

🇺🇸 USA · US · Basic Materials · Specialty Chemicals

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue12.5 B $+3.7%

Gross Profit4 B $+3.8%

Operating Income2.3 B $+55.3%

EBITDA4.5 B $+26.7%

Net Income2.1 B $+37.4%

Peer Comparison· Specialty Chemicals

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
APD	3.7%	32.0%	36.4%	16.9%
AI	-0.4%	50.2%	29.9%	13.1%
DSFIR	-2.7%	39.0%	18.2%	-8.0%
SY1	24.4%	37.9%	18.4%	6.0%
AKZA	-7.0%	40.1%	16.0%	6.3%
BNR	-9.5%	18.6%	7.9%	1.5%
Industry median	1.2%	26.7%	14.7%	3.5%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
APD	3.7%	32.0%	36.4%	16.9%
ECL	4.9%	44.3%	21.6%	12.8%
DD	-20.4%	33.8%	18.0%	-0.3%
SHW	3.9%	49.1%	18.7%	10.9%
PPG	10.0%	40.6%	17.6%	9.8%
IFF	-5.6%	36.3%	18.5%	7.9%
Industry median	1.2%	26.7%	14.7%	3.5%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity15.6 B $40%
Current Liabilities3.5 B $9%
Long-term Liabilities20 B $51%

Key Figures

YoY change

Total Assets41.6 B $+7.1%

Total Liabilities23.5 B $+6.3%

Total Equity15.6 B $+6.4%

Cash & ST Investments951 M $-40.7%

Total Debt18.4 B $+11.3%

Net Debt17.4 B $+16.0%

Peer Comparison· Specialty Chemicals

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
APD	1.43	117.3%	3.83	37.6%
AI	1.14	51.9%	1.19	50.5%
DSFIR	1.59	28.9%	1.51	62.2%
SY1	2.52	70.2%	1.42	45.9%
AKZA	1.72	125.2%	1.94	31.5%
BNR	1.74	75.4%	2.31	40.0%
Industry median	1.87	63.0%	2.15	46.9%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
APD	1.43	117.3%	3.83	37.6%
ECL	0.99	92.6%	2.47	40.0%
DD	2.68	22.6%	1.39	65.5%
SHW	0.86	311.1%	3.03	16.8%
PPG	1.61	95.4%	2.15	36.6%
IFF	1.49	41.2%	2.63	56.2%
Industry median	1.87	63.0%	2.15	46.9%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow4.1 B $+22.7%

Capital Expenditures5.5 B $-28.3%

Free Cash Flow1.1 B $—

Dividends Paid-1.6 B $-201.2%

Peer Comparison· Specialty Chemicals

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
APD	33.1%	8.9%	44.3%	195.6%
AI	23.6%	9.3%	14.3%	180.6%
DSFIR	16.7%	9.2%	7.5%	-210.0%
SY1	22.4%	16.3%	5.0%	373.4%
AKZA	9.6%	6.6%	3.0%	153.9%
BNR	6.4%	4.4%	2.0%	415.2%
Industry median	9.6%	5.8%	5.0%	111.7%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
APD	33.1%	8.9%	44.3%	195.6%
ECL	18.4%	11.4%	7.0%	143.9%
DD	13.3%	11.4%	5.0%	-4,458.6%
SHW	15.3%	12.1%	3.1%	140.5%
PPG	12.4%	7.6%	4.7%	125.7%
IFF	9.1%	3.7%	5.4%	115.0%
Industry median	9.6%	5.8%	5.0%	111.7%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.