Air Products and Chemicals Inc Capital Reinvestment Ratio
Air Products and Chemicals Inc 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 (APD) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Air Products and Chemicals Inc (1989–2025)
Capital reinvestment ratio of Air Products and Chemicals Inc from 1989 to 2025. This chart tracks Air Products and Chemicals Inc's Capital Reinvestment Ratio across 37 annual periods. See Air Products and Chemicals Inc (APD) financial flexibility to measure the company's free cash flow as a share of total liabilities.
Air Products and Chemicals Inc Capital Reinvestment Ratio by Year (1989–2025)
Air Products and Chemicals Inc capital reinvestment ratio by year from 1989 to 2025. For the full cash flow conversion analysis, see Air Products and Chemicals Inc cash flow conversion.
| 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 | — |