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Air Products & Chemicals

APD · NYSE · Industrial Inorganic Chemicals
Insider buys (12 months)
$1,475
Insider sales (12 months)
$20.8M
8-K reports (12 months)
7
Tracked investors holding
3

At a glance

Air Products & Chemicals reported 2025 revenue of $12.04B, down 0.5% from $12.1B in 2024. Over 4 years since 2021 ($10.32B), that is growth of about 3.9% a year. Operating margin was -7.3%, down from 22.1% in 2021. Revenue peaked in 2022 at $12.7B. The company posted a loss in 2025.

In the last 12 months 3 insiders reported 1 open-market purchase ($1,475) and 3 sales ($20.8M). None of the sales were flagged as 10b5-1 plan trades. The largest was a sale of $19.9M by Director Mantle Ridge LP on Feb 13, 2026. Net, insiders were sellers of $20.8M.

Air Products & Chemicals filed 7 current reports (Form 8-K) in the last 12 months, most often for results of operations (4), material impairment (1), shareholder vote results (1) and officer or director change (1). The latest officer or director change was reported on Nov 25, 2025.

3 of the 20 investors tracked here held Air Products & Chemicals at the last quarter end, worth $1.5B combined. It is the largest weight for Viking Global Investors (4% of its portfolio), followed by National Pension Service (Korea) (0.1%). New this quarter: Renaissance Technologies. Added: Viking Global Investors. Reduced: National Pension Service (Korea).

Annual results

2021
Revenue $10.32B
Op. $2.28B
2022
Revenue $12.7B
Op. $2.34B
2023
Revenue $12.6B
Op. $2.49B
2024
Revenue $12.1B
Op. $4.47B
2025
Revenue $12.04B
Op. -$877M
RevenueOperating income (or net income)SEC XBRL annual filings, fiscal years mapped to calendar years
Year20212022202320242025
Net income$2.1B$2.26B$2.3B$3.83B-$394.5M
Diluted EPS$9.43$10.14$10.33$17.18$-1.77
Dividend per share$5.84$6.36$6.87$7.06$7.14

Fiscal year ends Sep 30 · incorporated in DE

Tracked investors holding (13F)

Viking Global InvestorsAdded$1.39B · 4.0% · held 5 quarters
National Pension Service (Korea)Reduced$100.3M · 0.1% · held 7 quarters
Renaissance TechnologiesNew$12.9M · 0.0%

Weight is the share of each investor's portfolio, as of the quarter end.

Current reports (8-K, last 12 months)

Insider open-market trades (last 12 months)

Source: SEC EDGAR. How figures are combined