Air Products and Chemicals, Inc. (APD) Earnings History
Net Loss37 years of earnings data (1989–2025) · Currently unprofitable on a TTM basis
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Air Products and Chemicals, Inc. (APD) Earnings Overview
As of October 17, 2026, Air Products and Chemicals, Inc. (APD) reported trailing twelve-month net income of -$47M, reflecting -110.3% year-over-year growth. The company earned $-0.21 per diluted share over the past four quarters, with a net profit margin of -3.3%.
Looking at the long-term picture, APD's historical earnings data spans multiple years. The company achieved its highest annual net income of $3.83B in fiscal 2024.
Air Products and Chemicals, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including LIN ($7.29B net income, 20.3% margin), ALB ($224M net income, -9.9% margin), PX ($1.55B net income, 20.3% margin), APD has room to improve margins relative to the peer group. Compare APD vs LIN →
APD Earnings vs Peers
Earnings metrics vs comparable public companies
APD Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$395M | -110.3% | -$877M | $-1.77 | -3.3% | -7.3% |
| 2024 | $3.83B | +66.4% | $4.47B | $17.18 | 31.6% | 36.9% |
| 2023 | $2.30B | +2.0% | $2.49B | $10.30 | 18.3% | 19.8% |
| 2022 | $2.26B | +7.5% | $2.34B | $10.08 | 17.8% | 18.4% |
| 2021 | $2.10B | +11.3% | $2.28B | $9.12 | 20.3% | 22.1% |
| 2020 | $1.89B | +7.2% | $2.24B | $8.55 | 21.3% | 25.3% |
| 2019 | $1.76B | +17.5% | $2.14B | $7.94 | 19.7% | 24.0% |
| 2018 | $1.50B | -50.1% | $1.97B | $6.78 | 16.8% | 22.0% |
| 2017 | $3.00B | +375.4% | $1.44B | $13.65 | 36.6% | 17.6% |
| 2016 | $631M | -50.6% | $1.54B | $2.89 | 8.4% | 20.5% |
| 2015 | $1.28B | +28.9% | $1.23B | $5.88 | 16.3% | 15.8% |
| 2014 | $992M | -0.3% | $1.34B | $4.61 | 9.5% | 12.8% |
| 2013 | $994M | -14.8% | $1.32B | $4.68 | 9.8% | 13.0% |
| 2012 | $1.17B | -4.6% | $1.28B | $5.44 | 12.1% | 13.3% |
| 2011 | $1.22B | +19.0% | $1.62B | $5.63 | 12.1% | 16.1% |
| 2010 | $1.03B | +63.0% | $1.39B | $4.74 | 11.4% | 15.4% |
| 2009 | $631M | -30.6% | $846M | $2.96 | 7.6% | 10.3% |
| 2008 | $910M | -12.2% | $1.50B | $4.15 | 8.7% | 14.4% |
| 2007 | $1.04B | +43.2% | $1.38B | $4.64 | 11.3% | 15.0% |
| 2006 | $723M | +1.6% | $1.06B | $3.18 | 8.2% | 11.9% |
| 2005 | $712M | +17.8% | $996M | $3.08 | 8.7% | 12.2% |
| 2004 | $604M | +52.1% | $880M | $2.64 | 8.2% | 11.9% |
| 2003 | $397M | -24.4% | $595M | $1.78 | 6.3% | 9.4% |
| 2002 | $525M | +12.8% | $761M | $2.36 | 9.7% | 14.1% |
| 2001 | $466M | +274.9% | $745M | $2.12 | 8.1% | 13.0% |
| 2000 | $124M | -72.4% | $831M | $0.57 | 2.3% | 15.2% |
| 1999 | $451M | -17.6% | $705M | $2.09 | 9.0% | 14.0% |
| 1998 | $547M | +27.4% | $830M | $2.48 | 11.1% | 16.9% |
| 1997 | $429M | +3.2% | $701M | $1.91 | 9.3% | 15.1% |
| 1996 | $416M | +13.0% | $591M | $1.83 | 10.4% | 14.7% |
| 1995 | $368M | +48.5% | $576M | $1.65 | 9.5% | 14.9% |
| 1994 | $248M | +23.3% | $486M | $1.07 | 7.1% | 13.9% |
| 1993 | $201M | -25.9% | $342M | $0.87 | 6.0% | 10.3% |
| 1992 | $271M | +8.9% | $472M | $1.17 | 8.4% | 14.7% |
| 1991 | $249M | +8.3% | $410M | $1.09 | 8.5% | 14.0% |
| 1990 | $230M | +3.5% | $389M | $1.02 | 7.9% | 13.4% |
| 1989 | $222M | - | $360M | $0.99 | 8.4% | 13.6% |
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APD — Frequently Asked Questions
Quick answers to the most common questions about buying APD stock.
What is APD earnings per share (EPS)?
APD trailing twelve-month (TTM) diluted EPS is $-0.21, reflecting -110.3% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Air Products and Chemicals, Inc.'s net income?
Air Products and Chemicals, Inc. (APD) trailing twelve-month net income is $-47M as of 2025. Earnings declined -110.3% year-over-year.
Is APD profitable?
APD is not currently profitable on a TTM basis, reporting a net loss of $-47M. Net margin is -3.3%. Investors should monitor for a return to profitability.
What is APD's earnings growth rate?
APD compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are APD's profit margins?
Air Products and Chemicals, Inc. net profit margin is -3.3%, operating margin is -7.3%, and gross margin is +31.4%. Below-average margins reflect competitive or cost pressures. Return on Equity is -2.2%.
Is APD growing earnings?
APD earnings are declining — EPS fell -110.3% year-over-year. TTM net income dropped to $-47M. This contrasts with the 5-year CAGR of N/A.
What was APD's best earnings year?
Air Products and Chemicals, Inc.'s highest annual net income on record is $3.8B, achieved in fiscal year 2024. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were APD's earnings last quarter?
APD's most recent reported quarter was Q3 2026. Net income was $-1.4B with diluted EPS of $-6.46. For a full breakdown of all quarters, see the quarterly earnings table on this page.