Air Products & Chemicals Inc APD Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$304.84 down $4.65, 1.50% at close Nov 6
Last close · Previous close $309.49
- Market cap
- $67.88BAt the Nov 6 close
- P/E ratio
- n/mLoss over last 12 months
- Diluted EPS
- −$0.22Last 12 months
- Dividend yield
- 2.37%Last 12 months
Price chart
$304.84down $4.65, 1.50%Fri, Nov 6 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$309.49Nov 5
- Volume1.08MNov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume1.08MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $229.11 to $324.00; now $304.84
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
APD beat the S&P 500 in 4 of 7 periods.
| Period | APD and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | APD: up 8.5% S&P 500: down 5.6% | APD beat the S&P 500 by 14.1 percentage points Beat |
| 3M | APD: up 2.3% S&P 500: down 4.1% | APD beat the S&P 500 by 6.4 percentage points Beat |
| YTD | APD: up 26.6% S&P 500: up 8.7% | APD beat the S&P 500 by 17.9 percentage points Beat |
| 1Y | APD: up 20.9% S&P 500: up 10.9% | APD beat the S&P 500 by 10.0 percentage points Beat |
| Long term | ||
| 3Y | APD: up 13.1% S&P 500: up 75.0% +4.2% vs +20.5% a year | APD trailed the S&P 500 by 61.9 percentage points Trailed |
| 5Y | APD: up 11.8% S&P 500: up 67.8% +2.3% vs +10.9% a year | APD trailed the S&P 500 by 56.0 percentage points Trailed |
| 10Y | APD: up 191.8% S&P 500: up 313.1% +11.3% vs +15.2% a year | APD trailed the S&P 500 by 121.3 percentage points Trailed |
$10,000 invested in APD 10 years ago (Nov 4, 2016) would be worth about $29,184 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
APD beat the S&P 500 in 4 of 7 periods.
| Period | APD and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | APD: up 8.5% S&P 500: down 5.6% | APD beat the S&P 500 by 14.1 percentage points Beat |
| 3M | APD: up 1.6% S&P 500: down 4.3% | APD beat the S&P 500 by 5.9 percentage points Beat |
| YTD | APD: up 23.4% S&P 500: up 7.8% | APD beat the S&P 500 by 15.6 percentage points Beat |
| 1Y | APD: up 17.8% S&P 500: up 9.7% | APD beat the S&P 500 by 8.1 percentage points Beat |
| Long term | ||
| 3Y | APD: up 4.6% S&P 500: up 68.8% +1.5% vs +19.1% a year | APD trailed the S&P 500 by 64.2 percentage points Trailed |
| 5Y | APD: down 1.4% S&P 500: up 56.9% −0.3% vs +9.4% a year | APD trailed the S&P 500 by 58.3 percentage points Trailed |
| 10Y | APD: up 128.6% S&P 500: up 252.6% +8.6% vs +13.4% a year | APD trailed the S&P 500 by 124.0 percentage points Trailed |
$10,000 invested in APD 10 years ago (Nov 4, 2016) would be worth about $22,857 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$338.07
Closing high on . Now 9.8% below that record.
Split-adjusted daily closes since Apr 6, 1983.
Stock splits
3
Latest: 2-for-1 on . One share bought before the first split is 8 shares today.
All 3 splits
- 2-for-1
- 2-for-1
- 2-for-1
Valuation
The Nov 6 close compared with the last 12 months of reported results (the four quarters to Jun 30, 2026). Tap a metric to see how it’s calculated.
Price-to-earnings (P/E)
n/mDiluted EPS of −$0.22 over the last 12 months
A P/E ratio isn’t meaningful while earnings over the last 12 months are negative. When APD was profitable over the past five years, its P/E ranged from 16.4× to 43.0×, with a median of 26.3×. How to read P/E
Other valuation measures
- 5.4×Last 12 months’ revenue
Market value divided by revenue over the last 12 months. Useful when earnings are small or negative.
P/S = Market cap ÷ Revenue (last 12 months)Price-to-sales ratio - 4.9×Book value as of Jun 30, 2026
Price relative to accounting equity (book value) per share on the Jun 30, 2026 balance sheet. Asset-light companies often trade far above book value.
P/B = Price ÷ Book value per sharePrice-to-book ratio - 52.1×Last 12 months’ EBITDA
Enterprise value divided by EBITDA over the last 12 months. It compares companies with different amounts of debt.
EV/EBITDA = Enterprise value ÷ EBITDA (last 12 months)EV/EBITDA explained - −0.44%Last 12 months’ free cash flow
Free cash flow over the last 12 months as a share of the company’s market value: the cash the business generated for each dollar of stock.
FCF yield = Free cash flow (last 12 months) ÷ Market capFree cash flow - $85.06BAt the Nov 6 close
What it would cost to buy the whole business: the market cap at the Nov 6 close, plus debt, minus cash and short-term investments from the Jun 30, 2026 balance sheet.
EV = Market cap + Debt − Cash and short-term investmentsEV/EBITDA explained
Build your own APD DCF in Excel. Value Air Products & Chemicals with your own growth and margin assumptions.Browse DCF models Free DCF calculator
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q3 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $12.60Bup 4.5%
- Net income
- −$47.30M
- Diluted EPS
- −$0.22
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q4 FY24 (Sep 30, 2024) | $3.19B | $1.95B | $8.75 |
| Q1 FY25 (Dec 31, 2024) | $2.93B | $617.40M | $2.77 |
| Q2 FY25 (Mar 31, 2025) | $2.92B | −$1.73B | −$7.77 |
| Q3 FY25 (Jun 30, 2025) | $3.02B | $713.80M | $3.20 |
| Q4 FY25 (Sep 30, 2025) | $3.17B | $4.90M | $0.02 |
| Q1 FY26 (Dec 31, 2025) | $3.10B | $678.20M | $3.04 |
| Q2 FY26 (Mar 31, 2026) | $3.17B | $710.40M | $3.19 |
| Q3 FY26 (Jun 30, 2026) | $3.16B | −$1.44B | −$6.47 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Sep 30, 2021) | $10.32B | $2.10B | $9.43 |
| FY22 (Sep 30, 2022) | $12.70B | $2.26B | $10.14 |
| FY23 (Sep 30, 2023) | $12.60B | $2.30B | $10.33 |
| FY24 (Sep 30, 2024) | $12.10B | $3.83B | $17.18 |
| FY25 (Sep 30, 2025) | $12.04B | −$394.50M | −$1.77 |
Margins
- Gross 32.1%
- Operating −4.7%
- Net −0.4%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- −$301.40MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$4.57BLast 12 months
- Capital spending$4.87BLast 12 months
- −2.4%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $0.00Last 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$1.60BLast 12 months
- Total returned$1.60BLast 12 months
Balance sheet
- $7.79BAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$18.16BAs of Jun 30, 2026
- Net debt$10.37BAs of Jun 30, 2026
- 1.08As of Jun 30, 2026
Current assets divided by current liabilities on the Jun 30, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 1.31As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 4 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✗Net income was positive: not passed
- ✓Operating cash flow was positive: passed
- ✗Return on assets improved: not passed
- ✓Operating cash flow exceeded net income: passed
- ✓Long-term debt fell relative to assets: passed
- ✗Current ratio improved: not passed
- ✗Share count didn’t rise: not passed
- ✓Gross margin improved: passed
- ✗Asset turnover (revenue ÷ assets) improved: not passed
- −0.3%Last 12 months
Over the last 12 months, Air Products & Chemicals lost money: its net loss was 0.3% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - −0.1%Last 12 months
Over the last 12 months, Air Products & Chemicals’s net loss was 0.1% of its total assets (averaged over the last four quarter-ends).
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $16.61 |
| 2017 | $3.80 |
| 2018 | $4.40 |
| 2019 | $4.64 |
| 2020 | $5.36 |
| 2021 | $6.00 |
| 2022 | $6.48 |
| 2023 | $7.00 |
| 2024 | $5.31 |
| 2025 | $7.14 |
| 2026 (to date) | $7.22 |
Dividend details
- $7.22Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- 2.37%; 5-yr low 1.78%, 5-yr high 3.66%Last 12 months
Dividends paid over the last 12 months as a share of the Nov 6 close. The bar shows where that yield sits in its range over the past five years; the median was 2.46%.
- $1.81Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- up 5.9% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
About Air Products & Chemicals Inc
Air Products is a world-leading industrial gases company in operation for more than 85 years. Serving energy, environmental, and emerging markets, the Company is generating a cleaner future by providing essential industrial gases, related equipment, and applications expertise that help customers improve productivity, efficiency, and sustainability across a wide range of industries, including energy, chemicals, electronics, metals, manufacturing, food, medical, and space. Air Products is focused on profitably growing its core industrial gases business, accelerating growth in areas of competitive strength, and extending its reach through disciplined opportunities that create long-term value. As the leading global supplier of hydrogen, Air Products develops, engineers, builds, owns and operates some of the world's largest hydrogen projects and has extensive capabilities in air separation technology, engineering, and plant operations. Through its sale of equipment businesses, the Company also provides specialized products such as turbomachinery, membrane systems, and cryogenic containers globally. Air Products had fiscal 2026 sales of $13.0 billion from operations in approximately 50 countries.
- Sector
- Basic Materials
- Industry
- Specialty Chemicals
- Headquarters
- Pennsylvania, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
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APD stock FAQ
What is APD stock’s price today?
Air Products & Chemicals (APD) traded at $304.84 at the close on , down $4.65 (1.50%) from the previous close of $309.49. Over the past 52 weeks it has traded between $229.11 and $324.00.
If you invested $1,000 in APD 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in APD on would be worth about $2,918 at the close on , a total return of +191.8%. The same $1,000 would be worth $1,118 if invested five years ago, $1,209 if invested one year ago, $7,765 if invested 20 years ago, and $20,108 if invested 30 years ago. Past performance doesn’t predict future returns.
What is Air Products & Chemicals’s market cap?
Air Products & Chemicals’s market capitalization is about $67.9 billion. That’s Tiingo’s daily market cap for , at that day’s closing price of $304.84 (how market cap works). Air Products & Chemicals reported 222.68M shares outstanding at the end of its latest quarter ().
What is APD’s P/E ratio?
APD’s P/E ratio isn’t meaningful right now because its earnings over the four quarters to are negative (diluted EPS of −$0.22). When it was profitable over the past five years, its P/E ranged from 16.4 to 43.0.
How much revenue does Air Products & Chemicals make?
Air Products & Chemicals reported $12.6 billion of revenue over the four quarters to , up 4.5% from the twelve months before. In its latest quarter (Q3 FY26, ended ) revenue was $3.2 billion, up 4.6% from a year earlier.
Is Air Products & Chemicals profitable?
Not over the four quarters to . Air Products & Chemicals reported a net loss of $47.3 million across those four quarters on $12.6 billion of revenue.
What are APD’s earnings per share?
APD’s diluted earnings per share were −$0.22 over the four quarters to , compared with $6.95 in the twelve months before. The latest quarter (Q3 FY26) brought −$6.47 per share, against $3.20 a year earlier (how EPS works).
Does APD pay a dividend?
Yes. Air Products & Chemicals pays a quarterly dividend. The most recent was $1.81 per share, with an ex-dividend date of . Over the last twelve months it paid $7.22 per share, a 2.37% yield at the close (how dividend yield works).
Based on the last 12 months’ payments ($7.22 per share), and if the next 12 months match the last 12, 100 shares would receive about $722 over 12 months, and $1,000 over 12 months would take about 139 shares, roughly $42,373 at the close. Dividends can change.
What is APD’s 52-week high and low?
Over the past 52 weeks APD has traded as low as $229.11 and as high as $324.00. At $304.84 at the close on , it is 5.9% below that high and 33.1% above the low.
What is APD’s all-time high?
APD’s highest closing price was $338.07 on , adjusted for stock splits. At $304.84 at the close on , it is 9.8% below that record.
Has APD stock ever split?
Yes, three times: 2-for-1 on ; 2-for-1 on ; 2-for-1 on . One share bought before the first split would be 8 shares today.
How has APD stock performed?
Including dividends and measured to the close on , APD has returned +26.6% so far this year and +20.9% over the past year, and +11.8% over five years (+2.3% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is Air Products & Chemicals in?
Air Products & Chemicals is in the Basic Materials sector and the Specialty Chemicals industry, and is headquartered in Pennsylvania, USA.
What exchange does APD trade on?
Air Products & Chemicals trades on the NYSE under the ticker symbol APD. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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