Air Products is executing a capital-intensive hydrogen pivot, with CapEx/revenue reaching 72.2% in 2025Q1 and total debt rising to $18.2B by 2026Q3, while cash eroded to $980M. Core industrial gas margins remain resilient near 32% gross margin, but recurring i...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth is stalled at -0.5% TTM, while gross margin holds near 32%, but operating income swung from -$2.3B in 2025Q2 to $752.7M in 2026Q2, reflecting impairment-driven volatility.
APD is in advanced talks for major hydrogen and ammonia projects in the U.S. and Saudi Arabia, including an $8-9 billion Louisiana complex targeting completion by 2030.
APD's forward P/E of 20.58 suggests reasonable valuation compared to its trailing P/E of 38.38, indicating potential earnings growth.
The company reaffirmed its 2026 adjusted EPS guidance despite helium-related pressures, showing confidence in its financial outlook.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $3.47+3.9% vs $3.34 | $3.2B-1.3% vs $3.2B |
Q2 2026 Apr 30, 2026 | $3.20+4.6% vs $3.06 | $3.2B+3.3% vs $3.1B |
Q1 2026 Jan 30, 2026 | $3.16+3.9% vs $3.04 | $3.1B+1.7% vs $3.1B |
Q4 2025 Nov 6, 2025 | $3.39+0.3% vs $3.38 | $3.2B-0.3% vs $3.2B |
Three longtime Dividend Aristocrats are closing in on a milestone only a handful of US companies have ever reached, but only one of them is genuinely standing on the doorstep of joining the most exclusive income-investing club in the market.
Dividend Kings are the rarest breed in income investing: US companies with at least 50 consecutive years of dividend increases. Of the three long-tenured Aristocrats profiled here, only one is genuinely on the doorstep.
Air Products is investing $250M in Arizona gas infrastructure to support U.S. semiconductor manufacturing and advanced packaging expansion.
A CNBC analyst just anointed the world's largest industrial gas supplier as the quiet gatekeeper of the AI chip buildout, and the market has largely shrugged.
Benchmark APD against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Air Products and Chemicals, Inc. (APD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $287.86 | $64.1B | -162.63 | -0.52% | -3.28% | -2.19% | 2.47% | |
| $464.91 | $215.07B | 31.87 | 2.97% | 20.56% | 18.16% | — | |
| $116.80 | $13.77B | -20.31 | -4.37% | 3.79% | 2.2% | — | |
| $7.55 | $908.83M | 47.19 | 11364.41% | 17.28% | 15.16% | — | |
| $67.07 | $7.67B | 16.36 | -6.71% | 4.99% | 7.32% | — | |
| $47.44 | $5.2B | -4.46 | -7.16% | -12.04% | -26.09% | — |
Air Products and Chemicals, Inc. (APD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Air Products and Chemicals, Inc. (APD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jun 30, 2026·SEC
Apr 30, 2026·SEC
Nov 20, 2025·SEC
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Air Products and Chemicals, Inc. (APD) stock FAQ — growth, dividends, profitability & financials explained
Air Products and Chemicals, Inc. (APD) reported $12.60B in revenue for fiscal year 2025. This represents a 214% increase from $4.01B in 1996.
Air Products and Chemicals, Inc. (APD) saw revenue decline by 0.5% over the past year.
Air Products and Chemicals, Inc. (APD) reported a net loss of $47.3M for fiscal year 2025.
Yes, Air Products and Chemicals, Inc. (APD) pays a dividend with a yield of 2.47%. This makes it attractive for income-focused investors.
Air Products and Chemicals, Inc. (APD) has a return on equity (ROE) of -2.2%. Negative ROE indicates the company is unprofitable.
Air Products and Chemicals, Inc. (APD) generated $2.06B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
