Air Products and Chemicals Inc (APD) — Cash Flow Reinvestment Rate
Air Products and Chemicals Inc (APD) has a Cash Flow Reinvestment Rate of 1.39x as of December 2025, reinvesting $1.25 Billion (capex $1.25 Billion ) from operating cash flow of $900.70 Million. See Air Products and Chemicals Inc free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Air Products and Chemicals Inc Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Air Products and Chemicals Inc across 37 annual periods. For the full cash flow conversion analysis, see Air Products and Chemicals Inc cash conversion from operations.
Annual Cash Flow Reinvestment Rate for Air Products and Chemicals Inc (1989–2025)
Year-by-year capital reinvestment analysis for Air Products and Chemicals Inc. See APD financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 4.37x | $14.19 Billion | $3.25 Billion | $7.02 Billion | ▲ +36.0% |
| 2024 | 3.21x | $11.72 Billion | $3.65 Billion | $6.80 Billion | ▼ -2.3% |
| 2023 | 3.29x | $10.54 Billion | $3.21 Billion | $4.63 Billion | ▲ +176.2% |
| 2022 | 1.19x | $3.85 Billion | $3.23 Billion | $2.93 Billion | ▼ -23.5% |
| 2021 | 1.56x | $5.20 Billion | $3.34 Billion | $2.46 Billion | ▲ +46.7% |
| 2020 | 1.06x | $3.46 Billion | $3.26 Billion | $2.51 Billion | ▼ -23.3% |
| 2019 | 1.38x | $4.10 Billion | $2.97 Billion | $1.99 Billion | ▲ +96.6% |
| 2018 | 0.70x | $1.79 Billion | $2.54 Billion | $1.57 Billion | ▼ -23.6% |
| 2017 | 0.92x | $1.44 Billion | $1.57 Billion | $1.04 Billion | ▲ +23.8% |
| 2016 | 0.74x | $1.98 Billion | $2.66 Billion | $907.70 Million | ▲ +11.9% |
| 2015 | 0.66x | $1.62 Billion | $2.44 Billion | $1.61 Billion | ▼ -13.9% |
| 2014 | 0.77x | $1.69 Billion | $2.19 Billion | $1.68 Billion | ▼ -20.8% |
| 2013 | 0.97x | $1.53 Billion | $1.57 Billion | $1.52 Billion | ▲ +15.1% |
| 2012 | 0.85x | $1.52 Billion | $1.80 Billion | $1.52 Billion | ▲ +5.8% |
| 2011 | 0.80x | $1.40 Billion | $1.75 Billion | $1.35 Billion | ▲ +18.0% |
| 2010 | 0.68x | $1.03 Billion | $1.52 Billion | $1.03 Billion | ▼ -24.0% |
| 2009 | 0.89x | $1.18 Billion | $1.32 Billion | $1.18 Billion | ▲ +38.0% |
| 2008 | 0.65x | $1.09 Billion | $1.68 Billion | $1.09 Billion | ▼ -8.3% |
| 2007 | 0.70x | $1.05 Billion | $1.50 Billion | $1.05 Billion | ▼ -24.8% |
| 2006 | 0.94x | $1.26 Billion | $1.35 Billion | $1.26 Billion | ▲ +38.7% |
| 2005 | 0.68x | $929.50 Million | $1.38 Billion | $929.50 Million | ▲ +4.0% |
| 2004 | 0.65x | $705.50 Million | $1.09 Billion | $705.50 Million | ▲ +9.8% |
| 2003 | 0.59x | $612.90 Million | $1.04 Billion | $612.90 Million | ▲ +0.3% |
| 2002 | 0.59x | $627.60 Million | $1.06 Billion | $627.60 Million | ▼ -9.7% |
| 2001 | 0.65x | $708.30 Million | $1.08 Billion | $708.30 Million | ▼ -0.1% |
| 2000 | 0.65x | $767.70 Million | $1.17 Billion | $767.70 Million | ▼ -19.9% |
| 1999 | 0.82x | $888.90 Million | $1.09 Billion | $888.90 Million | ▲ +3.1% |
| 1998 | 0.79x | $770.90 Million | $973.70 Million | $770.90 Million | ▼ -6.0% |
| 1997 | 0.84x | $870.20 Million | $1.03 Billion | $870.20 Million | ▼ -33.1% |
| 1996 | 1.26x | $951.00 Million | $756.00 Million | $951.00 Million | ▲ +3.8% |
| 1995 | 1.21x | $870.00 Million | $718.00 Million | $870.00 Million | ▲ +48.9% |
| 1994 | 0.81x | $611.10 Million | $751.00 Million | $611.10 Million | ▼ -3.1% |
| 1993 | 0.84x | $490.60 Million | $584.40 Million | $490.60 Million | ▲ +17.7% |
| 1992 | 0.71x | $427.50 Million | $599.20 Million | $427.50 Million | ▼ -12.7% |
| 1991 | 0.82x | $506.40 Million | $619.30 Million | $506.40 Million | ▼ -7.7% |
| 1990 | 0.89x | $467.50 Million | $527.50 Million | $467.50 Million | ▼ -4.7% |
| 1989 | 0.93x | $413.70 Million | $444.80 Million | $413.70 Million | — |