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.
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 11/7/2026, 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) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $3.61+0.0% vs $3.61 | $3.6B+6.6% vs $3.3B |
Q3 2026 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 |
Air Products and Chemicals NYSE: APD forecast adjusted earnings growth of 5% to 8% in fiscal 2027, as the industrial gases company shifts spending toward its core business and works to complete legacy energy transition projects.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Air Products and Chemicals (APD) have what it takes?
Air Products beats Q4 fiscal 2026 earnings and sales estimates on higher volumes and pricing, backed by strong Americas growth, and unveils its fiscal 2027 outlook.
Air Products and Chemicals, Inc. (APD) Q4 2026 Earnings Call Transcript
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 |
|---|---|---|---|---|---|---|---|
| $304.84 | $67.88B | 127.70 | 7.92% | 4.1% | 2.93% | 2.36% | |
| $515.25 | $238.35B | 34.01 | 2.97% | 19.34% | 17.36% | 1.16% | |
| $99.25 | $11.71B | 17.26 | -4.37% | 11.08% | 6.61% | 1.63% | |
| $64.41 | $7.37B | 11.48 | -6.71% | 7.15% | 10.51% | 5.12% | |
| $46.49 | $5.1B | 19.55 | -7.16% | 2.66% | 5.76% | 0.26% | |
| $17.31 | $1.97B | -11.88 | 3.68% | -2.49% | -9.53% | 4.62% |
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 $12.99B in revenue in fiscal year 2026, which is also its trailing twelve months. That is 180% more than the $4.64B of fiscal year 1997.
Air Products and Chemicals, Inc. (APD) grew revenue by 7.9% over the trailing twelve months, compared with the twelve months before.
Yes. Air Products and Chemicals, Inc. (APD) earned $532.1M in net income over the trailing twelve months (a 4.1% net margin).
Yes. Air Products and Chemicals, Inc. (APD) pays a dividend that yields 2.36% at the current price, a moderate yield.
Air Products and Chemicals, Inc. (APD) had a return on equity (ROE) of 2.9% over the trailing twelve months. That is below the market's typical 10-15%.
Air Products and Chemicals, Inc. (APD) generated $476.8M in free cash flow in fiscal year 2026.
