Air Products and Chemicals, Inc.
Market Cap
$62.7B
Global Rank
#231
All-Time High
$70.0B
2026-07-02
Total Growth
+0%
since 2026
Market Cap Context
- Larger than 37% of the 367 companies we track (globally).
- Equivalent to 0.2% of United States's GDP (2025 data).
- Just above: #230 Boston Scientific Corporation ($63.7B)
- Just below: #232 Nintendo Co., Ltd. ($62.6B)
- Best year: 2009 (+66%). Worst year: 2008 (-48%).
Air Products and Chemicals, Inc. Financial Breakdown (FY 2025)
Source: Yahoo Finance โ APD annual filings (2025) โ$12.0B revenue ยท $2.9B operating income ยท $-0.4B net income
- โOperating margin: 24.0% on $12.0B in revenue.
- โR&D is 0.8% of revenue ($0.1B).
- โNet income margin: -3.3% โ $-0.4B in profit.
- โFree cash flow: $-3.8B (-31.3% of revenue).
Cost / Operating Expenses
Total operating expenses $9.1B
Total
$9.3B
Capital Expenditures
$7.0B
This fiscal year (near-total AI infrastructure buildout)
Free Cash Flow
$-3.8B
Trailing twelve months
Figures rounded from the annual SEC filing. Unaudited. For informational purposes only, not investment advice.
About Air Products and Chemicals, Inc.
Air Products and Chemicals, Inc. is a U.S.-based international corporation whose principal business is selling gases and chemicals for industrial use. Air Products is headquartered in Trexlertown, Pennsylvania, in the Lehigh Valley region of eastern Pennsylvania.
Air Products and Chemicals, Inc. Market Cap History (2026โ2026)
Air Products and Chemicals, Inc. vs Sector Peers by Market Cap
Compare Air Products and Chemicals, Inc.
Ranking History
| Year | Market Cap | Rank | YoY Change |
|---|---|---|---|
| 2026 | $62.7B | #231(โ7) | +15.6% |
| 2025 | $54.3B | #238(โ31) | -12.7% |
| 2024 | $62.1B | #207(โ20) | +8.8% |
| 2023 | $57.1B | #187(โ46) | -9.1% |
| 2022 | $62.8B | #141(โ26) | +3.9% |
| 2021 | $60.5B | #167(โ1) | +13.8% |
| 2020 | $53.1B | #166(โ4) | +18.8% |
| 2019 | $44.7B | #162(โ23) | +50.3% |
| 2018 | $29.8B | #185(โ5) | +0.2% |
| 2017 | $29.7B | #190(โ16) | +17.1% |
| 2016 | $25.4B | #174(โ21) | +22.5% |
| 2015 | $20.7B | #195(โ23) | -7.7% |
| 2014 | $22.5B | #172(โ17) | +32.2% |
| 2013 | $17.0B | #189 | +37.0% |
| 2012 | $12.4B | #189(โ22) | +1.6% |
| 2011 | $12.2B | #167(โ5) | -3.9% |
| 2010 | $12.7B | #162(โ6) | +15.1% |
| 2009 | $11.0B | #168(โ12) | +66.1% |
| 2008 | $6.6B | #180(โ25) | -48.0% |
| 2007 | $12.8B | #155(โ26) | +43.0% |
| 2006 | $8.9B | #181(โ6) | +21.3% |
| 2005 | $7.4B | #175(โ13) | +4.3% |
| 2004 | $7.1B | #162(โ8) | +11.9% |
| 2003 | $6.3B | #154(โ9) | +26.2% |
| 2002 | $5.0B | #145(โ8) | -7.3% |
| 2001 | $5.4B | #153(โ2) | +16.6% |
| 2000 | $4.6B | #155(โ24) | +25.0% |
| 1999 | $3.7B | #131(โ21) | -14.4% |
| 1998 | $4.3B | #110(โ10) | -1.0% |
| 1997 | $4.4B | #100(โ8) | +20.8% |
| 1996 | $3.6B | #92(โ1) | +33.6% |
| 1995 | $2.7B | #91(โ18) | +20.6% |
| 1994 | $2.2B | #73 |
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FAQ
What is Air Products and Chemicals, Inc.'s market cap?
Air Products and Chemicals, Inc. (APD) has a market capitalization of $62.7B, making it the #231 largest company in the world by market cap.
What was Air Products and Chemicals, Inc.'s highest market cap?
Air Products and Chemicals, Inc.'s all-time high market cap was $70.0B, reached in 2026-07-02. Its highest rank was #141 in 2022.
What sector is Air Products and Chemicals, Inc. in?
Air Products and Chemicals, Inc. is in the Basic Materials sector, specifically the Specialty Chemicals industry. It is based in United States.
How has Air Products and Chemicals, Inc.'s market cap changed over time?
Air Products and Chemicals, Inc. has been tracked since 2026. Its market cap has grown by 0% from $62.7B in 2026 to $62.7B today.