APDAir Products & Chemicals, Inc.
Industrial Inorganic Chemicals
- Revenue
- $12.0B
- 0.5% YoY
- Operating margin
- -7.3%
- 120% YoY
- EBITDA
- $687M
- 88% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 10.6×
- $7.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear49% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $10.3B | $12.7B | $12.6B | $12.1B | $12.0B | 0.5% |
| Operating income | $2.3B | $2.3B | $2.5B | $4.5B | −$877M | 120% |
| Net income | $2.1B | $2.3B | $2.3B | $3.8B | −$395M | 110% |
| Operating cash flow | $3.3B | $3.2B | $3.2B | $3.6B | $3.3B | 11% |
| Capex | $2.5B | $2.9B | $4.6B | $6.8B | $7.0B | 3.3% |
| Stock-based comp | $45M | $48M | $60M | $62M | $76M | 24% |
| Dividends | $1.3B | $1.4B | $1.5B | $1.6B | $1.6B | 1.2% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.