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Air Products & Chemicals vs Kronos Worldwide: revenue, profit, margins and growth compared

Air Products & Chemicals brought in $12B of revenue in fiscal 2025, Kronos Worldwide $1.9B in fiscal 2025. Revenue changed by -0.5% at Air Products & Chemicals and -1.5% at Kronos Worldwide on the year before, so Air Products & Chemicals grew faster. Air Products & Chemicals kept -3.3% of its revenue as net profit, Kronos Worldwide -6.0%. Free cash flow was -$3.8B at Air Products & Chemicals and -$40.4M at Kronos Worldwide.

Side by side, latest fiscal year

APDKRO
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$12B$1.9B
Revenue growth-0.5%-1.5%
Net income-$394.5M-$110.9M
Net margin-3.3%-6.0%
Free cash flow-$3.8B-$40.4M
Free cash flow margin-31.3%-2.2%
Earnings per share (diluted)-$1.77-$0.96
Cash$1.9B$33.2M
Debt$17.7B$557.4M
Price to earningsn/an/a
Market value$62.7B$949.6M
Dividend yield2.53%2.42%
Rank by revenue in sector#7 of 71 · Basic materials#27 of 71 · Basic materials

Over the years

Revenue
APD FY2018: $8.9BAPD FY2019: $8.9BAPD FY2020: $8.9BAPD FY2021: $10.3BAPD FY2022: $12.7BAPD FY2023: $12.6BAPD FY2024: $12.1BAPD FY2025: $12BKRO FY2018: $1.7BKRO FY2019: $1.7BKRO FY2020: $1.6BKRO FY2021: $1.9BKRO FY2022: $1.9BKRO FY2023: $1.7BKRO FY2024: $1.9BKRO FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
APD $12BKRO $1.9B
Net income
APD FY2018: $1.5BAPD FY2019: $1.8BAPD FY2020: $1.9BAPD FY2021: $2.1BAPD FY2022: $2.3BAPD FY2023: $2.3BAPD FY2024: $3.8BAPD FY2025: -$394.5MKRO FY2018: $205MKRO FY2019: $87.1MKRO FY2020: $63.9MKRO FY2021: $112.9MKRO FY2022: $104.5MKRO FY2023: -$49.1MKRO FY2024: $86.2MKRO FY2025: -$110.9MFY18FY19FY20FY21FY22FY23FY24FY25
APD -$394.5MKRO -$110.9M
Net margin
APD FY2018: 16.8%APD FY2019: 19.7%APD FY2020: 21.3%APD FY2021: 20.3%APD FY2022: 17.8%APD FY2023: 18.3%APD FY2024: 31.6%APD FY2025: -3.3%KRO FY2018: 12.3%KRO FY2019: 5.0%KRO FY2020: 3.9%KRO FY2021: 5.8%KRO FY2022: 5.4%KRO FY2023: -2.9%KRO FY2024: 4.6%KRO FY2025: -6.0%FY18FY19FY20FY21FY22FY23FY24FY25
APD -3.3%KRO -6.0%
Revenue growth
APD FY2019: -0.1%APD FY2020: -0.7%APD FY2021: +16.6%APD FY2022: +23.0%APD FY2023: -0.8%APD FY2024: -4.0%APD FY2025: -0.5%KRO FY2019: +4.2%KRO FY2020: -5.3%KRO FY2021: +18.3%KRO FY2022: -0.5%KRO FY2023: -13.7%KRO FY2024: +13.2%KRO FY2025: -1.5%FY19FY20FY21FY22FY23FY24FY25
APD -0.5%KRO -1.5%
Free cash flow
APD FY2018: $978.8MAPD FY2019: $980.2MAPD FY2020: $755.7MAPD FY2021: $871MAPD FY2022: $244.1MAPD FY2023: -$1.4BAPD FY2024: -$3.2BAPD FY2025: -$3.8BKRO FY2018: $132.2MKRO FY2019: $105.2MKRO FY2020: $39.7MKRO FY2021: $147.9MKRO FY2022: $18.5MKRO FY2023: -$41.9MKRO FY2024: $43MKRO FY2025: -$40.4MFY18FY19FY20FY21FY22FY23FY24FY25
APD -$3.8BKRO -$40.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Air Products & Chemicals and Kronos Worldwide

Which is bigger by revenue, Air Products & Chemicals or Kronos Worldwide?

Air Products & Chemicals is bigger by revenue: $12B in fiscal 2025, against $1.9B for Kronos Worldwide in fiscal 2025.

Which keeps more of its revenue as profit, Air Products & Chemicals or Kronos Worldwide?

Air Products & Chemicals had a net margin of -3.3% in fiscal 2025; Kronos Worldwide had -6.0% in fiscal 2025.

Which grew revenue faster, Air Products & Chemicals or Kronos Worldwide?

In their latest fiscal years revenue changed by -0.5% at Air Products & Chemicals and -1.5% at Kronos Worldwide.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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