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. Check APD cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
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. Explore APD long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
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. For live market cap and broader valuation context, see market cap of Air Products and Chemicals Inc.
| 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 | — |