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). See Air Products and Chemicals Inc short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
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 how well can Air Products and Chemicals Inc service its debt to assess how comfortably operating cash covers total debt obligations.
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 APD stock market capitalisation.
| 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 | — |