Air Products and Chemicals Inc (APD) — Capital Reinvestment Ratio
Air Products and Chemicals Inc (APD) has a Capital Reinvestment Ratio of 1.39x as of December 2025, meaning it reinvests 1% of its operating cash flow ($900.70 Million) in capital expenditures ($1.25 Billion). See Air Products and Chemicals Inc free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Air Products and Chemicals Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Air Products and Chemicals Inc's Capital Reinvestment Ratio across 37 annual periods.
Annual Capital Reinvestment Ratio for Air Products and Chemicals Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Air Products and Chemicals Inc from 1989 to 2025. For live market cap and broader valuation context, see market value of Air Products and Chemicals Inc.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 2.16x | $3.25 Billion | $7.02 Billion | ▲ +16.0% |
| 2024 | 1.86x | $3.65 Billion | $6.80 Billion | ▲ +29.2% |
| 2023 | 1.44x | $3.21 Billion | $4.63 Billion | ▲ +59.3% |
| 2022 | 0.91x | $3.23 Billion | $2.93 Billion | ▲ +22.9% |
| 2021 | 0.74x | $3.34 Billion | $2.46 Billion | ▼ -4.1% |
| 2020 | 0.77x | $3.26 Billion | $2.51 Billion | ▲ +14.7% |
| 2019 | 0.67x | $2.97 Billion | $1.99 Billion | ▲ +8.6% |
| 2018 | 0.62x | $2.54 Billion | $1.57 Billion | ▼ -7.0% |
| 2017 | 0.66x | $1.57 Billion | $1.04 Billion | ▲ +94.4% |
| 2016 | 0.34x | $2.66 Billion | $907.70 Million | ▼ -48.5% |
| 2015 | 0.66x | $2.44 Billion | $1.61 Billion | ▼ -14.0% |
| 2014 | 0.77x | $2.19 Billion | $1.68 Billion | ▼ -20.8% |
| 2013 | 0.97x | $1.57 Billion | $1.52 Billion | ▲ +15.0% |
| 2012 | 0.85x | $1.80 Billion | $1.52 Billion | ▲ +9.7% |
| 2011 | 0.77x | $1.75 Billion | $1.35 Billion | ▲ +13.9% |
| 2010 | 0.68x | $1.52 Billion | $1.03 Billion | ▼ -24.0% |
| 2009 | 0.89x | $1.32 Billion | $1.18 Billion | ▲ +38.0% |
| 2008 | 0.65x | $1.68 Billion | $1.09 Billion | ▼ -8.3% |
| 2007 | 0.70x | $1.50 Billion | $1.05 Billion | ▼ -24.8% |
| 2006 | 0.94x | $1.35 Billion | $1.26 Billion | ▲ +38.7% |
| 2005 | 0.68x | $1.38 Billion | $929.50 Million | ▲ +4.0% |
| 2004 | 0.65x | $1.09 Billion | $705.50 Million | ▲ +9.8% |
| 2003 | 0.59x | $1.04 Billion | $612.90 Million | ▲ +0.3% |
| 2002 | 0.59x | $1.06 Billion | $627.60 Million | ▼ -9.7% |
| 2001 | 0.65x | $1.08 Billion | $708.30 Million | ▼ -0.1% |
| 2000 | 0.65x | $1.17 Billion | $767.70 Million | ▼ -19.9% |
| 1999 | 0.82x | $1.09 Billion | $888.90 Million | ▲ +3.1% |
| 1998 | 0.79x | $973.70 Million | $770.90 Million | ▼ -6.0% |
| 1997 | 0.84x | $1.03 Billion | $870.20 Million | ▼ -33.1% |
| 1996 | 1.26x | $756.00 Million | $951.00 Million | ▲ +3.8% |
| 1995 | 1.21x | $718.00 Million | $870.00 Million | ▲ +48.9% |
| 1994 | 0.81x | $751.00 Million | $611.10 Million | ▼ -3.1% |
| 1993 | 0.84x | $584.40 Million | $490.60 Million | ▲ +17.7% |
| 1992 | 0.71x | $599.20 Million | $427.50 Million | ▼ -12.7% |
| 1991 | 0.82x | $619.30 Million | $506.40 Million | ▼ -7.7% |
| 1990 | 0.89x | $527.50 Million | $467.50 Million | ▼ -4.7% |
| 1989 | 0.93x | $444.80 Million | $413.70 Million | — |