Air Products and Chemicals, Inc.
NYSE•APD
CEO: Ms. Melissa N. Schaeffer
Sector: Basic Materials
Industry: Chemicals - Specialty
Listing Date: 1980-03-17
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.
Contact Information
1940 Air Products Boulevard, Allentown, PA, 18106-5500, United States
610-481-4911
Market Cap
$61.55B
P/E (TTM)
-184.6
30.1
Dividend Yield
2.6%
52W High
$321.47
52W Low
$229.11
52W Range
Rank30Top 19.5%
5.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$3.10B+5.83%
4-Quarter Trend
EPS
$3.04+9.75%
4-Quarter Trend
FCF
-$350.50M-73.16%
4-Quarter Trend
2026 Q1 Earnings Highlights
Key Highlights
Sales and Operating Income Growth Sales reached $3,102.5M, increasing 6% driven by energy cost pass-through of 3% and higher pricing.
Strong Earnings Per Share GAAP EPS was $3.04, marking a 10% increase over the prior period results of $2.77 per share.
Operating Income Expansion GAAP Operating Income grew 14% to $734.5M, expanding margin 170 basis points to 23.7%.
Cash Flow Generation Strong Cash provided by operating activities totaled $900.7M, up from $811.7M in the prior year period.
Risk Factors
Stock Sale Volatility Risk Significant stockholder (Mantle Ridge LP, 1.8% stake) may sell shares starting early 2026, impacting stock price.
Project Exit Cost Adjustments Recorded $28.3M charge for updated cost estimates on prior year project exits, impacting current operating income.
International Operations Risks Extensive international operations face risks including political instability, supply chain disruptions, and regulatory actions.
Non-Service Pension Cost Impact Non-service related pension costs were $3.4M, driven by market volatility impacting expected returns on plan assets.
Outlook
Fiscal 2026 Capital Spending Expect capital expenditures around $4.0B for fiscal year 2026, focusing on energy transition projects completion.
Dividend Increase Approved Board approved raising quarterly dividend to $1.81 per share, marking 44th consecutive year of increases.
Debt Repayment Completed Repaid $550.0M principal amount of 1.50% senior notes due in October 2025 during the first quarter.
Monitoring New Accounting Rules Company continues to monitor developments regarding SEC rules for climate-related disclosures effectiveness.
Peer Comparison
Revenue (TTM)
$107.64B
$38.39B
$25.74B
Gross Margin (Latest Quarter)
84.4%
48.8%
44.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| BHP | $210.77B | 20.3 | 21.4% | 27.2% |
| FCX | $98.15B | 44.8 | 12.0% | 19.8% |
| SHW | $88.23B | 34.2 | 58.5% | 56.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.1%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 29, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data