Air Products and Chemicals, Inc. (APD)财务
NYSE · Basic Materials · Chemicals - Specialty · 员工21,194人 · CEO Eduardo F. Menezes
- 股价
- $316.43 +1.50%
- 市值
- $705亿
- 企业价值
- $876亿
- 最近财报
- Q3 '26 2026-07-30提交
- 下次财报
- 2026-11-05 EPS预期 $3.61
营收(TTM)$126亿+4.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-4.7%-17.4 百分点 对比去年同期营业利润 -$5.93亿
净利润(TTM)-$4730万-103.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)$20.6亿+144.5% 对比去年同期资本支出 $25.1亿
稀释EPS(TTM)-$0.21-103.0% 对比去年同期最近4个季度之和
净现金-$172亿-7.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $705亿 EV $876亿
- 营收
- $126亿 过去12个月
- 营收增速
- +6% FY2026年一致预期
- 净利润率
- -0.4% 净利润 / 营收,TTM
- P/E
- -1,521.3× 预期 23.5×(FY2026)
- P/S
- 5.6× 股价 / 营收,TTM
- EV / EBITDA
- 20.0× TTM
- 自由现金流
- $20.6亿 过去12个月
- 净利润
- -$4730万 过去12个月
- 营收预期
- $128亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $33.3亿
- 股息
- $7.22 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-07-30):营收低于预期1.3%,EPS 超预期3.9%营收$31.6亿,预期$32亿(-1.3%);EPS $3.47,预期$3.34(+3.9%)。
- 营收增长平稳:同比4.6%Q3 '26营收$31.6亿,此前四个季度的平均值为3.8%。
- 营业利润率-4.7%(TTM),较去年同期-17.4 百分点营收增长4.5%,营业利润增长-138.7%。
- 资本支出占营收的19.9%(去年为62.9%)最近4个季度投入$25.1亿(同比-66.8%)。自由现金流$20.6亿。
- 股东回报$16亿 = 自由现金流的77.7%回购$0(去年为$0),股息$16亿,股权激励$4940万(TTM)。
- 稀释股数一年内减少0.0%Q3 '26稀释股数2.23亿,一年前为2.23亿。
- 净债务 $172亿现金 + 短期投资 $9.81亿,含租赁债务 $182亿;一年前净债务 $160亿。
上一季度:Q3 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $31.6亿 | $30.2亿 | +4.6% |
| 毛利率 | 32.8% | 32.5% | +0.3 百分点 |
| 营业利润 | -$21亿 | $7.91亿 | -365.3% |
| 营业利润率 | -66.3% | 26.2% | -92.5 百分点 |
| 净利润 | -$14.4亿 | $7.14亿 | -301.8% |
| 稀释EPS | -$6.46 | $3.20 | -301.9% |
| 经营现金流 | $13.1亿 | $8.56亿 | +52.5% |
| 资本支出 | $9.96亿 | $15亿 | -33.4% |
| 自由现金流 | $3.1亿 | -$6.4亿 | +148.4% |
| R&D | $2150万 | $2410万 | -10.8% |
| 股权激励费用 | $1220万 | $1100万 | +10.9% |
实际 vs 一致预期
2026-07-30| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $31.6亿 | $32亿 | -1.3% |
| EPS(一致预期口径) | $3.47 | $3.34 | +3.9% |
来自2026-07-30发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| On-site | $16.7亿 | +8.2% | 52.9% | $66.1亿 | +7.4% | |
| Merchant | $13.9亿 | +3.8% | 43.9% | $54.5亿 | +2.6% | |
| Sale of Equipment | $1.03亿 | -27.9% | 3.3% | $5.43亿 | -8.3% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Americas Segment | $13.2亿 | +4.8% | 43.2% | $53.4亿 | +3.8% | |
| Asia Segment | $8.86亿 | +9.4% | 29.0% | $34.2亿 | +4.8% | |
| Europe Segment | $8.16亿 | +5.9% | 26.7% | $31.8亿 | +8.5% | |
| Middle East And India Segment | $3480万 | -9.1% | 1.1% | $1.26亿 | -6.0% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Americas Segment | – | – | $3.95亿 | +5.7% | – | – | $15.6亿 |
| Asia Segment | – | – | $2.56亿 | +18.3% | – | – | $9.55亿 |
| Europe Segment | – | – | $2.31亿 | +2.4% | – | – | $9.03亿 |
| Middle East And India | – | – | – | – | – | – | – |
| Corporate And Other | – | – | -$8020万 | +3.5% | – | – | -$3.15亿 |
| Middle East And India Segment | – | – | $800万 | -1.2% | – | – | $2340万 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $45.7亿
- 资本支出
- -$25.1亿
- 股票回购
- $0
- 股息
- -$16亿
- 收购
- -$2500万
- 债务净发行
- $1.28亿
- 股权激励费用
- $4940万
- 自由现金流
- $20.6亿
- 股东回报 / FCF
- 77.7%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -1,521.3× | 23.9× 5年中的4年 | 17.3× – 28.0× |
| EV / EBITDA | 20.0× | 23.0× | 12.1× – 57.8× |
| EV / 营收 | 7.0× | 5.8× | 4.5× – 6.5× |
| 股价 / FCF | 34.2× | 117.4× 5年中的2年 | 64.7× – 170.1× |
| 股价 / 净资产 | 5.1× | 4.1× | 3.9× – 4.4× |
| FCF收益率 | 2.9% | -2.2% | -6.2% – 1.5% |
| 投入资本回报率 | 0.1% | 6.1% | -1.8% – 9.9% |
| 净资产收益率 | -0.3% | 13.7% | -2.6% – 22.5% |
分析师
一致目标价 $337.56 (+6.7%)
区间 $305.00 – $373.00 · 评级 Buy
强烈买入0
买入22
持有20
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $128亿 | +6.0% | $13.45 | +860.1% | 23.5× | 12 |
| FY2027 | $135亿 | +5.7% | $14.45 | +7.4% | 21.9× | 13 |
| FY2028 | $144亿 | +6.5% | $15.66 | +8.4% | 20.2× | 5 |
| FY2029 | $164亿 | +14.4% | $18.36 | +17.2% | 17.2× | 2 |
| FY2030 | $178亿 | +8.1% | $20.81 | +13.3% | 15.2× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Air Products and Chemicals, Inc.在近期10-Q / 10-K文件中标记的全部342项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities, Current | $35.3亿 | $33.7亿 | +4.8% | $32.4亿 | $29.3亿 | +10.6% |
| Accounts Payable, Trade, Current | $14.4亿2025-09-30 | $14.5亿 | -1.0% | $14.4亿 | $14.5亿 | -1.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $18.8亿 | $19.4亿 | -3.2% | $19亿 | $18.2亿 | +4.4% |
| Accounts Receivable, Allowance for Credit Loss | $3020万2025-09-30 | $2630万 | +14.8% | $3020万 | $2630万 | +14.8% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $750万 | $850万 | -11.8% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $1030万 | $1070万 | -3.7% |
| Accrued Environmental Loss Contingencies, Noncurrent | $7180万2025-09-30 | $6720万 | +6.8% | $7180万 | $6720万 | +6.8% |
| Accrued Income Taxes, Current | $9800万 | $1.56亿 | -37.3% | $1.79亿 | $5.59亿 | -67.9% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $181亿 | $173亿 | +4.5% | $174亿 | $166亿 | +5.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$19.9亿 | -$19.7亿 | -1.0% | -$20.9亿 | -$20.3亿 | -3.0% |
| Acquired Finite-lived Intangible Asset, Residual Value | $02025-09-30 | $0 | – | $0 | $0 | – |
| Additional Collateral, Aggregate Fair Value | $2.82亿 | $2.02亿 | +40.0% | $1.74亿 | $5720万 | +204.2% |
| Additional Paid in Capital, Common Stock | $13.3亿 | $13亿 | +2.0% | $13.1亿 | $12.5亿 | +4.3% |
| Amortization of Intangible Assets | – | – | – | $3730万 | $3150万 | +18.4% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 20万 | 10万 | +100.0% | 20万 | 0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1140万 | $1150万 | -0.9% | $7200万 | $5830万 | +23.5% |
| Asset Retirement Obligation | $4.06亿2025-09-30 | $3.35亿 | +21.4% | $4.06亿 | $3.35亿 | +21.4% |
| Asset Retirement Obligation, Accretion Expense | $330万2025-09-30 | – | – | $1300万 | $1200万 | +8.3% |
| Asset Retirement Obligation, Foreign Currency Translation Gain (Loss) | -$330万2025-09-30 | – | – | -$160万 | $580万 | -127.6% |
| Asset Retirement Obligation, Liabilities Incurred | $2010万2025-09-30 | – | – | $8750万 | $3330万 | +162.8% |
| Asset Retirement Obligation, Liabilities Settled | $520万2025-09-30 | – | – | $1170万 | $1370万 | -14.6% |
| Asset Retirement Obligations, Noncurrent | $4.81亿 | – | – | $3.29亿 | $3.23亿 | +1.8% |
| Assets | $404亿 | $417亿 | -2.9% | $411亿 | $396亿 | +3.8% |
| Assets for Plan Benefits, Defined Benefit Plan | $2.11亿2025-09-30 | $2亿 | +5.4% | $2.11亿 | $2亿 | +5.4% |
| Assets, Current | $49.6亿 | $61.5亿 | -19.3% | $58.3亿 | $63.6亿 | -8.4% |
| Assets, Noncurrent | $355亿 | $355亿 | -0.1% | $352亿 | $332亿 | +6.1% |
| Business Exit Costs | – | – | – | $36.2亿 | $0 | – |
| Capitalized Contract Cost, Net, Current | $7600万 | $1.14亿 | -33.6% | $8540万 | $1.04亿 | -17.6% |
| Capitalized Contract Cost, Net, Noncurrent | $3240万 | – | – | $3380万 | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $9.81亿 | $23.2亿 | -57.8% | $18.6亿 | $29.8亿 | -37.7% |
| Cash Provided by (Used in) Financing Activities, Discontinued Operations | – | – | – | $0 | $0 | – |
| Cash Provided by (Used in) Investing Activities, Discontinued Operations | – | – | – | $0 | $0 | – |
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | – | – | – | $0 | $0 | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $9.81亿 | $23.2亿 | -57.8% | $18.6亿 | $29.8亿 | -37.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2950万 | $8.33亿 | -96.5% | -$11.2亿 | $13.6亿 | -182.5% |
| Collateral Already Posted, Aggregate Fair Value | $0 | $0 | – | $0 | $0 | – |
| Common Stock, Dividends, Per Share, Declared | $1.81 | $1.79 | +1.1% | $7.14 | $7.06 | +1.1% |
| Common Stock, Par or Stated Value Per Share | $1.00 | $1.00 | 0.0% | $1.00 | $1.00 | 0.0% |
| Common Stock, Shares Authorized | 3亿2025-09-30 | 3亿 | 0.0% | 3亿 | 3亿 | 0.0% |
| Common Stock, Shares, Issued | 2.49亿 | 2.49亿 | 0.0% | 2.49亿 | 2.49亿 | 0.0% |
| Common Stock, Shares, Outstanding | 2.23亿2025-09-30 | 2.22亿 | +0.1% | 2.23亿 | 2.22亿 | +0.1% |
| Common Stock, Value, Issued | $2.49亿 | $2.49亿 | 0.0% | $2.49亿 | $2.49亿 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$13.7亿 | $12.2亿 | -212.4% | -$4.55亿 | $42.5亿 | -110.7% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | -$13.3亿 | $12.6亿 | -206.2% | -$3.49亿 | $41.4亿 | -108.4% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $6450万 | $1.35亿 | -52.4% | $1.53亿 | $7620万 | +100.3% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent | $1.1亿 | $5380万 | +104.5% | $8230万 | $0 | – |
| Contract with Customer, Liability, Current | $2.19亿 | $2.33亿 | -5.9% | $2.53亿 | $2.4亿 | +5.6% |
| Contract with Customer, Liability, Noncurrent | $2.79亿 | $2.87亿 | -3.0% | $2.84亿 | $2.9亿 | -2.2% |
| Contract with Customer, Liability, Revenue Recognized | $4000万 | $1500万 | +166.7% | $1.1亿 | $3.35亿 | -67.2% |
| Cost of Goods and Services Sold | $21.3亿 | $20.4亿 | +4.2% | $82.6亿 | $81.7亿 | +1.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $3800万 | $5.5亿 | -93.1% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $4.17亿 | $3.55亿 | +17.5% |
| Current Income Tax Expense (Benefit) | – | – | – | $4.61亿 | $10.1亿 | -54.6% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $560万 | $1.09亿 | -94.9% |
| Debt and Lease Obligation | $177亿2025-09-30 | $142亿 | +24.4% | $177亿 | $142亿 | +24.4% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $3.09亿2025-09-30 | $3.05亿 | +1.4% | $3.09亿 | $3.05亿 | +1.4% |
| Debt Issuance Costs, Gross | $380万2025-09-30 | $460万 | -17.4% | $380万 | $460万 | -17.4% |
| Deferred Costs, Noncurrent | $02025-09-30 | $3.29亿 | -100.0% | $0 | $3.29亿 | -100.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$4.97亿 | -$9780万 | -408.6% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $3760万 | $4350万 | -13.6% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-K 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-K 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-01