Air Products & Chemicals Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.04B | $12.10B | $12.60B | $12.70B | $10.32B | $8.86B | $8.92B | $8.93B |
| Americas | $5.13B | $5.04B | $5.37B | $5.37B | $4.17B | $3.63B | $3.87B | $3.76B |
| EMEA (Europe/Middle East/Africa) | — | — | — | — | $2.44B | $1.93B | $2.00B | $2.19B |
| Asia | $3.27B | $3.22B | $3.22B | $3.14B | $2.92B | $2.72B | $2.66B | $2.46B |
| Industrial Gases - Global | — | — | — | — | $511.0M | $364.9M | $261.0M | $436.1M |
| Materials Technologies | — | — | — | — | — | — | — | — |
| Europe | $2.98B | $2.82B | $2.96B | $3.09B | — | — | — | — |
| Middle East and India | $135.9M | $134.4M | $162.5M | $129.5M | — | — | — | — |
| Corporate and other | $520.0M | $878.4M | $889.0M | $970.8M | $278.7M | $217.9M | $118.3M | $84.0M |
| Cost of Revenue | $8.26B | $8.17B | $8.83B | $9.34B | $7.19B | $5.86B | $5.98B | $6.19B |
| Gross Profit | $3.78B | $3.93B | $3.77B | $3.36B | $3.14B | $3.00B | $2.91B | $2.74B |
| Gross Margin | 31.4% | 32.5% | 29.9% | 26.5% | 30.4% | 33.9% | 32.7% | 30.7% |
| Operating Expenses | ||||||||
| Research & Development | $96.3M | $100.2M | $105.6M | $102.9M | $93.5M | $83.9M | $72.9M | $64.5M |
| SG&A Expense | $906.1M | $942.4M | $957.0M | $900.6M | $828.4M | $775.9M | $750.0M | $760.8M |
| Operating Income | $-877.0M | $4.47B | $2.49B | $2.34B | $2.28B | $2.24B | $2.14B | $1.97B |
| Operating Margin | -7.3% | 36.9% | 19.8% | 18.4% | 22.1% | 25.3% | 24.0% | 22.0% |
| Interest Expense | — | — | $177.5M | $128.0M | $141.8M | $109.3M | $137.0M | $130.5M |
| Pretax Income | $-440.7M | $4.82B | $2.88B | $2.75B | $2.51B | $2.42B | $2.29B | $2.02B |
| Income Tax Expense | $-94.3M | $944.9M | $551.2M | $500.8M | $462.8M | $478.4M | $480.1M | $524.3M |
| Net Income | $-394.5M | $3.83B | $2.30B | $2.26B | $2.10B | $1.89B | $1.76B | $1.50B |
| Net Margin | -3.3% | 31.6% | 18.3% | 17.8% | 20.3% | 21.3% | 19.7% | 16.8% |
| EPS (Basic) | $-1.77 | $17.21 | $10.35 | $10.16 | $9.47 | $8.53 | $7.99 | $6.83 |
| EPS (Diluted) | $-1.77 | $17.18 | $10.33 | $10.14 | $9.43 | $8.49 | $7.94 | $6.78 |
| Shares Outstanding (Basic) | 222.7M | 222.5M | 222.3M | 222.0M | 221.6M | 221.2M | 220.3M | 219.3M |
| Shares Outstanding (Diluted) | 222.7M | 222.8M | 222.7M | 222.5M | 222.5M | 222.3M | 221.6M | 220.8M |
| Dividends Per Share | $7.14 | $7.06 | $6.87 | $6.36 | $5.84 | $5.18 | $4.58 | $4.25 |