Air Products and Chemicals Inc (APD) — Free Cash Flow Generation Index
Air Products and Chemicals Inc (APD) has a Free Cash Flow Generation Index of -0.39x as of December 2025. Free cash flow of $-350.50 Million represents 0% of operating cash flow ($900.70 Million). Read Air Products and Chemicals Inc balance sheet liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Air Products and Chemicals Inc Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Air Products and Chemicals Inc across 37 annual periods. Explore APD capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Air Products and Chemicals Inc (1989–2025)
Year-by-year Free Cash Flow Generation Index for Air Products and Chemicals Inc. For the full company profile including market capitalisation, see Air Products and Chemicals Inc market cap and net worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -1.16x | $-3.77 Billion | $3.25 Billion | $7.02 Billion | ▼ -34.2% |
| 2024 | -0.86x | $-3.15 Billion | $3.65 Billion | $6.80 Billion | ▼ -95.0% |
| 2023 | -0.44x | $-1.42 Billion | $3.21 Billion | $4.63 Billion | ▼ -571.1% |
| 2022 | 0.09x | $303.70 Million | $3.23 Billion | $2.93 Billion | ▼ -64.2% |
| 2021 | 0.26x | $877.70 Million | $3.34 Billion | $2.46 Billion | ▲ +13.5% |
| 2020 | 0.23x | $755.70 Million | $3.26 Billion | $2.51 Billion | ▼ -29.9% |
| 2019 | 0.33x | $980.20 Million | $2.97 Billion | $1.99 Billion | ▼ -13.8% |
| 2018 | 0.38x | $973.50 Million | $2.54 Billion | $1.57 Billion | ▲ +13.7% |
| 2017 | 0.34x | $528.20 Million | $1.57 Billion | $1.04 Billion | ▼ -48.9% |
| 2016 | 0.66x | $1.75 Billion | $2.66 Billion | $907.70 Million | ▲ +95.2% |
| 2015 | 0.34x | $823.00 Million | $2.44 Billion | $1.61 Billion | ▲ +46.8% |
| 2014 | 0.23x | $502.90 Million | $2.19 Billion | $1.68 Billion | ▲ +734.3% |
| 2013 | 0.03x | $43.20 Million | $1.57 Billion | $1.52 Billion | ▼ -82.1% |
| 2012 | 0.15x | $277.70 Million | $1.80 Billion | $1.52 Billion | ▼ -32.6% |
| 2011 | 0.23x | $401.50 Million | $1.75 Billion | $1.35 Billion | ▼ -29.1% |
| 2010 | 0.32x | $491.50 Million | $1.52 Billion | $1.03 Billion | ▲ +197.0% |
| 2009 | 0.11x | $143.80 Million | $1.32 Billion | $1.18 Billion | ▼ -69.3% |
| 2008 | 0.35x | $594.50 Million | $1.68 Billion | $1.09 Billion | ▲ +19.8% |
| 2007 | 0.30x | $442.40 Million | $1.50 Billion | $1.05 Billion | ▲ +368.5% |
| 2006 | 0.06x | $84.90 Million | $1.35 Billion | $1.26 Billion | ▼ -80.6% |
| 2005 | 0.32x | $446.30 Million | $1.38 Billion | $929.50 Million | ▼ -7.4% |
| 2004 | 0.35x | $380.40 Million | $1.09 Billion | $705.50 Million | ▼ -14.2% |
| 2003 | 0.41x | $423.10 Million | $1.04 Billion | $612.90 Million | ▼ -0.4% |
| 2002 | 0.41x | $436.30 Million | $1.06 Billion | $627.60 Million | ▲ +18.3% |
| 2001 | 0.35x | $375.70 Million | $1.08 Billion | $708.30 Million | ▲ +0.1% |
| 2000 | 0.35x | $406.30 Million | $1.17 Billion | $767.70 Million | ▲ +88.4% |
| 1999 | 0.18x | $200.00 Million | $1.09 Billion | $888.90 Million | ▼ -11.8% |
| 1998 | 0.21x | $202.80 Million | $973.70 Million | $770.90 Million | ▲ +32.0% |
| 1997 | 0.16x | $163.10 Million | $1.03 Billion | $870.20 Million | ▲ +161.2% |
| 1996 | -0.26x | $-195.00 Million | $756.00 Million | $951.00 Million | ▼ -21.8% |
| 1995 | -0.21x | $-152.00 Million | $718.00 Million | $870.00 Million | ▼ -213.6% |
| 1994 | 0.19x | $139.90 Million | $751.00 Million | $611.10 Million | ▲ +16.1% |
| 1993 | 0.16x | $93.80 Million | $584.40 Million | $490.60 Million | ▼ -44.0% |
| 1992 | 0.29x | $171.70 Million | $599.20 Million | $427.50 Million | ▲ +57.2% |
| 1991 | 0.18x | $112.90 Million | $619.30 Million | $506.40 Million | ▲ +60.3% |
| 1990 | 0.11x | $60.00 Million | $527.50 Million | $467.50 Million | ▲ +62.7% |
| 1989 | 0.07x | $31.10 Million | $444.80 Million | $413.70 Million | — |