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). Explore how much does Air Products and Chemicals Inc reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see Air Products and Chemicals Inc cash conversion from operations.
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. Check Air Products and Chemicals Inc cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |