Event-Driven Stocks

Air Products & Chemicals, Inc.

APDNYSE

Materials · Industrial Inorganic Chemicals · DE · SEC filings ↗ · Compare ⊕

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Signs● 2 good● 4 warningdetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$12.04B$12.10B$12.60B$12.70B$10.32B$8.86B
Operating income−$877.0M$4.47B$2.49B$2.34B$2.28B$2.24B
Net income−$394.5M$3.83B$2.30B$2.26B$2.10B$1.89B
Total assets$41.06B$39.57B$32.00B$27.19B$26.86B$25.17B
Total liabilities$23.71B$20.90B$16.34B$13.49B$12.77B$12.73B
Equity$15.02B$17.04B$14.31B$13.14B$13.54B$12.08B
EPS (diluted)$-1.77$17.18$10.33$10.14$9.43$8.49
Shares out.222.6M222.4M222.2M221.9M221.5M221.0M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−7.3%
Net margin
−3.3%
Return on equity
−2.6%
Return on assets
−1.0%
Return on capital (ROCE)
−2.4%
Liabilities / assets
57.7%
Debt / equity
1.58×
Book value / share
$67.50
Revenue growth (YoY)
−0.5%
Net income growth (YoY)
−110.3%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
2.17grey zone
Accruals / assets
−8.9%clean
Beneish M-Score
-2.87normal
Piotroski F-Score
2/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
42
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 100Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 4 warning● 2 good
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • Altman Z″ in the grey zone
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20263.1M3.1-10.4%
Apr 30, 20263.5M3.4-4.4%
Apr 15, 20263.7M3.1-16.3%
Mar 31, 20264.4M3.2-2.6%
Mar 13, 20264.5M2.9+0.4%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Corporate family

Spin-offs from Air Products & Chemicals, Inc. (1)

From the spin-off filings we track. Follow a company to walk its own history.

Event-driven situations (2)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.