Last 47 quarters of trend data · Basic Materials · Chemicals - Specialty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -169.26 | — | 22.77 | 20.31 | 3099.09 | 22.04 | — | 26.18 | 8.51 | 20.61 | 23.57 | 25.07 | 22.78 | 28.05 | 36.45 | 29.99 | 22.21 | 22.95 | 26.25 | 30.18 | 23.37 |
| — | — | — | -22.4% | +36330.5% | +6.9% | — | +4.4% | -62.7% | -26.5% | -35.3% | -16.4% | +2.6% | +22.2% | +38.8% | -0.7% | -5.0% | -23.4% | -20.5% | -4.1% | -31.3% | |
| P/S Ratio | 5.54 | 5.17 | 5.10 | 4.44 | 4.80 | 5.20 | 5.63 | 5.51 | 5.20 | 4.81 | 4.60 | 5.09 | 4.95 | 5.50 | 5.00 | 5.40 | 3.63 | 4.19 | 4.72 | 5.65 | 5.01 |
| — | -0.6% | -9.4% | -19.5% | -7.8% | +8.0% | +22.3% | +8.4% | +5.2% | -12.4% | -7.9% | -5.8% | +36.4% | +31.1% | +5.9% | -4.4% | -27.7% | -31.7% | -24.5% | -11.7% | -29.8% | |
| P/B Ratio | 3.85 | 3.94 | 3.57 | 3.09 | 3.50 | 3.54 | 3.91 | 3.45 | 3.55 | 3.45 | 3.30 | 3.78 | 4.03 | 4.34 | 4.35 | 4.73 | 3.78 | 3.76 | 3.83 | 4.71 | 4.04 |
| — | +11.2% | -8.9% | -10.5% | -1.4% | +2.7% | +18.5% | -8.8% | -11.9% | -20.6% | -24.1% | -20.0% | +6.7% | +15.4% | +13.6% | +0.3% | -6.6% | -20.7% | -19.6% | +1.3% | -24.1% | |
| P/FCF | — | 52.76 | 6.87 | — | — | — | — | — | — | — | — | — | — | — | — | — | 56.38 | 65.99 | — | 139.47 | 67.87 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -16.9% | +27.3% | — | +1.4% | +222.5% | |
| EV / EBITDA | 121.16 | — | 18.21 | 16.33 | 45.01 | 16.55 | — | 19.28 | 6.98 | 15.89 | 16.46 | 17.66 | 16.55 | 19.08 | 22.36 | 19.05 | 14.96 | 15.07 | 16.90 | 21.09 | 15.99 |
| — | — | — | -15.3% | +544.5% | +4.1% | — | +9.2% | -57.8% | -16.7% | -26.4% | -7.3% | +10.7% | +26.7% | +32.3% | -9.7% | -6.5% | -18.4% | -8.4% | +15.5% | -19.7% | |
| EV / EBIT | — | — | 22.01 | 19.93 | 102.25 | 20.71 | — | 23.39 | 7.67 | 19.27 | 21.29 | 22.14 | 20.40 | 23.55 | 29.21 | 24.35 | 19.30 | 19.28 | 21.93 | 26.01 | 20.92 |
| — | — | — | -14.8% | +1232.4% | +7.5% | — | +5.6% | -62.4% | -18.2% | -27.1% | -9.1% | +5.7% | +22.2% | +33.2% | -6.4% | -7.8% | -24.3% | -14.0% | +3.5% | -23.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.4% | 32.8% | 31.1% | 32.1% | 32.3% | 32.5% | 29.6% | 31.2% | 34.0% | 32.8% | 32.0% | 31.1% | 30.8% | 31.7% | 28.7% | 28.4% | 26.6% | 26.6% | 26.9% | 25.7% | 29.4% |
| — | +0.8% | +5.3% | +2.7% | -5.1% | -0.9% | -7.7% | +0.5% | +10.2% | +3.3% | +11.8% | +9.3% | +16.0% | +19.5% | +6.4% | +10.4% | -9.5% | -13.8% | -10.9% | -17.7% | -9.5% | |
| Operating Margin | -7.3% | -66.3% | 23.7% | 23.7% | 0.5% | 26.2% | -79.8% | 22.0% | 76.1% | 24.7% | 21.7% | 22.3% | 23.1% | 21.2% | 14.4% | 20.5% | 17.5% | 19.7% | 19.1% | 17.5% | 21.7% |
| — | -353.6% | +129.7% | +7.8% | -99.3% | +5.9% | -467.1% | -1.4% | +228.6% | +16.4% | +51.3% | +8.4% | +31.9% | +7.9% | -24.7% | +17.6% | -19.2% | -11.2% | -13.0% | -23.0% | -10.1% | |
| Net Margin | -3.3% | -45.6% | 22.4% | 21.9% | 0.2% | 23.6% | -59.3% | 21.1% | 61.2% | 23.3% | 19.5% | 20.3% | 21.7% | 19.6% | 13.7% | 18.0% | 16.3% | 18.3% | 18.0% | 18.7% | 21.5% |
| — | -293.0% | +137.7% | +3.8% | -99.7% | +1.2% | -403.8% | +3.6% | +181.9% | +18.9% | +42.1% | +12.8% | +32.9% | +7.6% | -23.7% | -3.7% | -24.0% | -10.9% | -4.7% | -7.8% | +2.4% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.2% | -8.3% | 3.9% | 3.9% | 0.0% | 4.1% | -9.7% | 3.3% | 11.0% | 4.2% | 3.5% | 3.8% | 4.5% | 4.0% | 3.0% | 4.1% | 4.2% | 4.1% | 3.7% | 3.9% | 4.4% |
| — | -300.7% | +140.5% | +16.8% | -99.7% | -2.1% | -376.3% | -13.9% | +147.1% | +6.5% | +17.1% | -5.5% | +6.9% | -2.2% | -18.0% | +3.0% | -5.6% | +1.1% | +1.7% | +4.2% | +11.2% | |
| ROA | -1.0% | -3.5% | 1.7% | 1.6% | 0.0% | 1.8% | -4.4% | 1.6% | 5.1% | 1.9% | 1.6% | 1.8% | 2.2% | 2.0% | 1.5% | 2.1% | 2.1% | 2.1% | 1.9% | 2.1% | 2.3% |
| — | -298.0% | +139.1% | +6.2% | -99.8% | -7.2% | -368.4% | -15.8% | +131.5% | -3.1% | +7.2% | -10.7% | +3.2% | -6.9% | -21.6% | -0.6% | -7.2% | +4.1% | +7.3% | +10.4% | +17.9% | |
| ROIC | -2.0% | -4.5% | 1.6% | 1.6% | 0.0% | 1.8% | -5.5% | 1.5% | 6.1% | 1.9% | 1.7% | 1.9% | 2.3% | 2.1% | 1.6% | 2.5% | 2.5% | 2.4% | 2.2% | 2.1% | 2.7% |
| — | -350.9% | +129.3% | +4.0% | -99.4% | -6.7% | -414.8% | -20.0% | +168.6% | -7.7% | +6.6% | -22.5% | -7.9% | -14.1% | -25.7% | +16.0% | -7.6% | -8.9% | -18.3% | -18.5% | +2.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.06 | 1.09 | 1.01 | 1.02 | 1.06 | 1.03 | 0.98 | 0.81 | 0.80 | 0.88 | 0.87 | 0.79 | 0.70 | 0.65 | 0.67 | 0.60 | 0.61 | 0.53 | 0.51 | 0.51 | 0.58 |
| — | +6.0% | +2.9% | +26.0% | +32.0% | +17.4% | +12.5% | +2.2% | +14.1% | +34.8% | +31.3% | +32.1% | +15.9% | +22.2% | +29.7% | +16.6% | +4.2% | -6.1% | -15.8% | -16.2% | -12.7% | |
| Debt / EBITDA | 26.78 | — | 16.28 | 16.41 | 42.84 | 15.39 | — | 14.97 | 5.35 | 13.36 | 14.30 | 12.54 | 10.07 | 10.19 | 12.23 | 8.92 | 8.68 | 7.86 | 8.29 | 8.63 | 8.66 |
| — | — | — | +9.6% | +700.9% | +15.2% | — | +19.4% | -46.9% | +31.2% | +17.0% | +40.5% | +16.0% | +29.6% | +47.5% | +3.4% | +0.3% | -6.4% | -9.1% | -7.0% | -9.3% | |
| Current Ratio | 1.38 | 1.08 | 1.43 | 1.46 | 1.38 | 1.29 | 1.00 | 1.11 | 1.52 | 1.27 | 1.49 | 1.81 | 1.33 | 1.36 | 2.04 | 1.93 | 1.81 | 1.87 | 1.95 | 2.47 | 2.99 |
| — | -16.0% | +43.3% | +31.1% | -9.3% | +1.8% | -33.3% | -38.6% | +14.0% | -6.4% | -27.1% | -6.1% | -26.4% | -27.4% | +4.9% | -21.7% | -39.4% | -39.8% | -32.9% | -16.5% | -16.7% | |
| Quick Ratio | 1.20 | 0.92 | 1.21 | 1.23 | 1.20 | 1.12 | 0.85 | 0.96 | 1.34 | 1.10 | 1.31 | 1.58 | 1.17 | 1.19 | 1.81 | 1.74 | 1.66 | 1.72 | 1.79 | 2.28 | 2.83 |
| — | -18.1% | +42.5% | +28.6% | -10.6% | +2.2% | -35.5% | -39.4% | +14.7% | -7.4% | -27.6% | -8.7% | -29.9% | -30.8% | +1.3% | -23.9% | -41.2% | -41.6% | -35.2% | -18.8% | -17.4% | |
| Interest Coverage | -1.06 | -38.22 | 18.85 | 16.61 | 2.79 | 15.51 | -52.16 | 19.56 | 51.37 | 16.25 | 12.88 | 15.15 | 18.52 | 16.82 | 14.96 | 18.48 | 22.88 | 23.06 | 21.42 | 22.73 | 21.73 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying APD stock.
Air Products and Chemicals, Inc.'s current P/E is -169.3x. The average P/E over the last 3 quarters is 1047.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Air Products and Chemicals, Inc.'s current operating margin is -7.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Air Products and Chemicals, Inc.'s business trajectory between earnings reports.