Air Products & Chemicals

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

Fiscal year ends Sep 30 · incorporated in DE

Tracked investors holding (13F)

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