Air Products and Chemicals, Inc. APD NYSE

Air Products and Chemicals, Inc. (APD) generated $900.7M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $1.25B, free cash flow was $-350.5M.

Free cash flow margin was -11.3% of revenue. Cash conversion ratio was 1.33x, indicating earnings are backed by cash.

The company returned $398.4M in dividends to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (33/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (70/100, Pass) — $-350.5M (-11.3% margin) supports a durable competitive advantage
• INCOME (10/100) — Cash conversion ratio was 1.33x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 39/100 with 1/7 criteria passed.