Air Products and Chemicals Inc (APD)

Return on total capital

Sep 30, 2025 Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021
Earnings before interest and tax (EBIT) US$ in thousands -226,700 5,040,000 3,059,900 2,882,700 2,649,200
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 15,024,900 17,036,500 14,312,900 13,144,000 13,539,700
Return on total capital -1.51% 29.58% 21.38% 21.93% 19.57%

September 30, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $-226,700K ÷ ($—K + $15,024,900K)
= -1.51%