Air Liquide

AI · Euronext Paris · EUR

€170.16+2.24%+€3.72

Close · October 2, 2026

At a glance

Revenue growth: −0.43%; 2025 vs 2024
Net income growth: +6.41%; 2025 vs 2024
Net margin: 13.1%; 2024: 12.2%

Financial data

Amounts in millions of EUR; per-share values in EUR; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021
Total assets	56,278	51,913	49,336	51,868	49,892	48,332	48,556	49,518	49,942	46,783
Current assets	10,048	10,370	8,040	8,347	7,967	7,718	7,696	8,197	7,922	7,591
Cash and equivalents	2,061	3,962	1,643	1,915	1,785	1,625	1,712	1,911	1,520	2,247
Receivables	4,653	2,899	3,187	3,093	3,153	3,037	3,042	3,231	3,426	2,801
Inventory	2,176	2,128	2,182	2,190	2,080	2,028	2,023	1,961	1,829	1,585
Net property, plant and equipment	26,538	24,910	24,612	25,539	24,530	23,652	23,658	23,647	23,916	22,532
Goodwill	16,196	13,823	13,817	14,977	14,447	14,194	14,300	14,587	14,864	13,992
Other intangible assets	2,025	1,562	1,551	1,692	1,649	1,631	1,665	1,811	1,900	1,453
Long-term investments	1,020	431	929	522	176	514	181	603	158	551
Current liabilities	11,484	8,837	9,536	9,484	10,368	8,846	9,839	8,896	9,527	8,445
Accounts payable	3,274	2,518	3,250	2,799	3,189	2,807	3,234	3,325	3,611	2,935
Long-term debt	11,197	10,044	8,642	8,406	8,120	8,577	8,762	10,198	10,690	10,514
Total debt	17,053	13,367	12,489	11,838	13,055	11,907	13,326	13,331	14,731	13,857
Total liabilities	29,015	24,966	24,115	24,246	24,478	23,289	24,510	24,946	26,048	24,784
Total equity (incl. minority)	27,262	26,947	25,221	27,621	25,413	25,043	24,046	24,572	23,894	21,999
Retained earnings	23,759	24,043	22,215	22,273	20,664	20,495	1,722	18,858	17,400	17,128
Minority interest	745	733	706	761	716	722	806	836	893	537