Chemicals - Specialty
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2 / 10Stock Comparison
APD vs PX
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
APD vs PX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Chemicals - Specialty | Asset Management |
| Market Cap | $67.67B | $909M |
| Revenue (TTM) | $12.46B | $296M |
| Net Income (TTM) | $2.11B | $15M |
| Gross Margin | 32.0% | 47.6% |
| Operating Margin | 18.4% | 20.4% |
| Forward P/E | 23.1x | 6.9x |
| Total Debt | $18.41B | $340M |
| Cash & Equiv. | $1.86B | $67M |
APD vs PX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Oct 21 | May 26 | Return |
|---|---|---|---|
| Air Products and Ch… (APD) | 100 | 101.4 | +1.4% |
| P10, Inc. (PX) | 100 | 64.6 | -35.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: APD vs PX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
APD carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 29 yrs, beta 0.45, yield 2.3%
- 172.0% 10Y total return vs PX's -33.0%
- Lower volatility, beta 0.45, current ratio 1.38x
PX is the clearest fit if your priority is growth exposure.
- Rev growth 22.6%, EPS growth 360.6%
- 22.6% NII/revenue growth vs APD's -0.5%
- Lower P/E (6.9x vs 23.1x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 22.6% NII/revenue growth vs APD's -0.5% | |
| Value | Lower P/E (6.9x vs 23.1x) | |
| Quality / Margins | 16.9% margin vs PX's 6.3% | |
| Stability / Safety | Beta 0.45 vs PX's 1.79 | |
| Dividends | 2.3% yield, 29-year raise streak, vs PX's 1.7% | |
| Momentum (1Y) | +14.3% vs PX's -32.8% | |
| Efficiency (ROA) | 5.1% ROA vs PX's 1.6%, ROIC -2.0% vs 6.2% |
APD vs PX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
APD vs PX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
PX leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
APD is the larger business by revenue, generating $12.5B annually — 42.0x PX's $296M. APD is the more profitable business, keeping 16.9% of every revenue dollar as net income compared to PX's 6.3%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $12.5B | $296M |
| EBITDAEarnings before interest/tax | $3.9B | $88M |
| Net IncomeAfter-tax profit | $2.1B | $15M |
| Free Cash FlowCash after capex | $1.1B | $23M |
| Gross MarginGross profit ÷ Revenue | +32.0% | +47.6% |
| Operating MarginEBIT ÷ Revenue | +18.4% | +20.4% |
| Net MarginNet income ÷ Revenue | +16.9% | +6.3% |
| FCF MarginFCF ÷ Revenue | +8.9% | +32.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.8% | — |
| EPS Growth (YoY)Latest quarter vs prior year | +141.1% | +69.5% |
Valuation Metrics
PX leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, PX's 13.6x EV/EBITDA is more attractive than APD's 122.6x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $67.7B | $909M |
| Enterprise ValueMkt cap + debt − cash | $84.2B | $1.2B |
| Trailing P/EPrice ÷ TTM EPS | -171.71x | 47.19x |
| Forward P/EPrice ÷ next-FY EPS est. | 23.14x | 6.92x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.79x |
| EV / EBITDAEnterprise value multiple | 122.56x | 13.56x |
| Price / SalesMarket cap ÷ Revenue | 5.62x | 3.07x |
| Price / BookPrice ÷ Book value/share | 3.90x | 2.35x |
| Price / FCFMarket cap ÷ FCF | — | 9.41x |
Profitability & Efficiency
PX leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
APD delivers a 11.9% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $4 for PX. PX carries lower financial leverage with a 0.88x debt-to-equity ratio, signaling a more conservative balance sheet compared to APD's 1.06x. On the Piotroski fundamental quality scale (0–9), PX scores 7/9 vs APD's 2/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +11.9% | +3.9% |
| ROA (TTM)Return on assets | +5.1% | +1.6% |
| ROICReturn on invested capital | -2.0% | +6.2% |
| ROCEReturn on capital employed | -2.4% | +8.1% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 7 |
| Debt / EquityFinancial leverage | 1.06x | 0.88x |
| Net DebtTotal debt minus cash | $16.6B | $273M |
| Cash & Equiv.Liquid assets | $1.9B | $67M |
| Total DebtShort + long-term debt | $18.4B | $340M |
| Interest CoverageEBIT ÷ Interest expense | 12.00x | 1.82x |
Total Returns (Dividends Reinvested)
APD leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in APD five years ago would be worth $11,551 today (with dividends reinvested), compared to $6,697 for PX. Over the past 12 months, APD leads with a +14.3% total return vs PX's -32.8%. The 3-year compound annual growth rate (CAGR) favors APD at 3.1% vs PX's -7.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +22.8% | -23.3% |
| 1-Year ReturnPast 12 months | +14.3% | -32.8% |
| 3-Year ReturnCumulative with dividends | +9.6% | -21.4% |
| 5-Year ReturnCumulative with dividends | +15.5% | -33.0% |
| 10-Year ReturnCumulative with dividends | +172.0% | -33.0% |
| CAGR (3Y)Annualised 3-year return | +3.1% | -7.7% |
Risk & Volatility
APD leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
APD is the less volatile stock with a 0.45 beta — it tends to amplify market swings less than PX's 1.79 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. APD currently trades 98.9% from its 52-week high vs PX's 57.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.45x | 1.79x |
| 52-Week HighHighest price in past year | $307.29 | $13.08 |
| 52-Week LowLowest price in past year | $229.11 | $6.97 |
| % of 52W HighCurrent price vs 52-week peak | +98.9% | +57.7% |
| RSI (14)Momentum oscillator 0–100 | 53.9 | 31.9 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 716K |
Analyst Outlook
APD leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates APD as "Buy" and PX as "Buy". Consensus price targets imply 231.1% upside for PX (target: $25) vs 2.9% for APD (target: $313). For income investors, APD offers the higher dividend yield at 2.34% vs PX's 1.70%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $312.78 | $25.00 |
| # AnalystsCovering analysts | 42 | 8 |
| Dividend YieldAnnual dividend ÷ price | +2.3% | +1.7% |
| Dividend StreakConsecutive years of raises | 29 | 0 |
| Dividend / ShareAnnual DPS | $7.11 | $0.13 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +7.5% |
PX leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). APD leads in 3 (Total Returns, Risk & Volatility).
APD vs PX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is APD or PX a better buy right now?
For growth investors, P10, Inc.
(PX) is the stronger pick with 22. 6% revenue growth year-over-year, versus -0. 5% for Air Products and Chemicals, Inc. (APD). P10, Inc. (PX) offers the better valuation at 47. 2x trailing P/E (6. 9x forward), making it the more compelling value choice. Analysts rate Air Products and Chemicals, Inc. (APD) a "Buy" — based on 42 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — APD or PX?
On forward P/E, P10, Inc.
is actually cheaper at 6. 9x.
03Which is the better long-term investment — APD or PX?
Over the past 5 years, Air Products and Chemicals, Inc.
(APD) delivered a total return of +15. 5%, compared to -33. 0% for P10, Inc. (PX). Over 10 years, the gap is even starker: APD returned +172. 0% versus PX's -33. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — APD or PX?
By beta (market sensitivity over 5 years), Air Products and Chemicals, Inc.
(APD) is the lower-risk stock at 0. 45β versus P10, Inc. 's 1. 79β — meaning PX is approximately 301% more volatile than APD relative to the S&P 500. On balance sheet safety, P10, Inc. (PX) carries a lower debt/equity ratio of 88% versus 106% for Air Products and Chemicals, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — APD or PX?
By revenue growth (latest reported year), P10, Inc.
(PX) is pulling ahead at 22. 6% versus -0. 5% for Air Products and Chemicals, Inc. (APD). On earnings-per-share growth, the picture is similar: P10, Inc. grew EPS 360. 6% year-over-year, compared to -110. 3% for Air Products and Chemicals, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — APD or PX?
P10, Inc.
(PX) is the more profitable company, earning 6. 3% net margin versus -3. 3% for Air Products and Chemicals, Inc. — meaning it keeps 6. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PX leads at 20. 4% versus -7. 3% for APD. At the gross margin level — before operating expenses — PX leads at 47. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is APD or PX more undervalued right now?
On forward earnings alone, P10, Inc.
(PX) trades at 6. 9x forward P/E versus 23. 1x for Air Products and Chemicals, Inc. — 16. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PX: 231. 1% to $25. 00.
08Which pays a better dividend — APD or PX?
All stocks in this comparison pay dividends.
Air Products and Chemicals, Inc. (APD) offers the highest yield at 2. 3%, versus 1. 7% for P10, Inc. (PX).
09Is APD or PX better for a retirement portfolio?
For long-horizon retirement investors, Air Products and Chemicals, Inc.
(APD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 45), 2. 3% yield, +172. 0% 10Y return). P10, Inc. (PX) carries a higher beta of 1. 79 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (APD: +172. 0%, PX: -33. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between APD and PX?
These companies operate in different sectors (APD (Basic Materials) and PX (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: APD is a mid-cap quality compounder stock; PX is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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