Air Products and Chemicals, Inc.
Market Cap
$68.9B
Global Rank
#226
All-Time High
$70.0B
2026-07-02
Total Growth
+0%
since 2026
Market Cap Context
- Larger than 38% of the 367 companies we track (globally).
- Equivalent to 0.2% of United States's GDP (2025 data).
- Just above: #225 PACCAR Inc ($69.8B)
- Just below: #227 Warner Bros. Discovery, Inc. ($67.9B)
- Best year: 2009 (+66%). Worst year: 2008 (-48%).
Air Products and Chemicals, Inc. Financial Breakdown (FY 2025)
Source: Yahoo Finance — APD annual filings (2025) →$12.0B revenue · $2.9B operating income · $-0.4B net income
- ●Operating margin: 24.0% on $12.0B in revenue.
- ●R&D is 0.8% of revenue ($0.1B).
- ●Net income margin: -3.3% — $-0.4B in profit.
- ●Free 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 (2026–2026)
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 | $68.9B | #226(↑12) | +26.9% |
| 2025 | $54.3B | #238(↓31) | -12.7% |
| 2024 | $62.1B | #207(↓20) | +8.8% |
| 2023 | $57.1B | #187(↓46) | -9.1% |
| 2022 | $62.8B | #141(↑26) | +3.9% |
| 2021 | $60.5B | #167(↓1) | +13.8% |
| 2020 | $53.1B | #166(↓4) | +18.8% |
| 2019 | $44.7B | #162(↑23) | +50.3% |
| 2018 | $29.8B | #185(↑5) | +0.2% |
| 2017 | $29.7B | #190(↓16) | +17.1% |
| 2016 | $25.4B | #174(↑21) | +22.5% |
| 2015 | $20.7B | #195(↓23) | -7.7% |
| 2014 | $22.5B | #172(↑17) | +32.2% |
| 2013 | $17.0B | #189 | +37.0% |
| 2012 | $12.4B | #189(↓22) | +1.6% |
| 2011 | $12.2B | #167(↓5) | -3.9% |
| 2010 | $12.7B | #162(↑6) | +15.1% |
| 2009 | $11.0B | #168(↑12) | +66.1% |
| 2008 | $6.6B | #180(↓25) | -48.0% |
| 2007 | $12.8B | #155(↑26) | +43.0% |
| 2006 | $8.9B | #181(↓6) | +21.3% |
| 2005 | $7.4B | #175(↓13) | +4.3% |
| 2004 | $7.1B | #162(↓8) | +11.9% |
| 2003 | $6.3B | #154(↓9) | +26.2% |
| 2002 | $5.0B | #145(↑8) | -7.3% |
| 2001 | $5.4B | #153(↑2) | +16.6% |
| 2000 | $4.6B | #155(↓24) | +25.0% |
| 1999 | $3.7B | #131(↓21) | -14.4% |
| 1998 | $4.3B | #110(↓10) | -1.0% |
| 1997 | $4.4B | #100(↓8) | +20.8% |
| 1996 | $3.6B | #92(↓1) | +33.6% |
| 1995 | $2.7B | #91(↓18) | +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 $68.9B, making it the #226 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 #226 in 2026.
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 $68.9B in 2026 to $68.9B today.