AI.PA Air Liquide

Electronics specialty gases

Uptrend Trading above its 50-day average. (automatic: supply-chain trend + price vs 50-day average)

Specialty & Industrial Gases · 52

Last close (delayed) · 2026-10-26

€175.4

+0.39% today

+1.1%

+4.7%

+2.3%

YTD

+22.9%

+15.5%

Off 52w high

−2.7%

Market cap€111B≈ $125B

P/E (trailing)31.5Forward 24.3

EV / sales4.7×EV/EBITDA 16.7×

Revenue (TTM)€27.05BGrowth 0.8% y/y

Margins64.6%gross · op 20.1%

Free cash flow€243MCash €2.06B · debt €17.26B

Analyst target€198.9+13.4% upside · 20 analysts · strong buy

Riskβ 0.61Short — of float · yield 1.94%

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

AI.PA · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events

8

2022-04-27EarningsMiss / cut

Reported EPS 0.98 vs 2.22 expected (-55.6% surprise).
7

2022-02-16EarningsMiss / cut

Reported EPS 0.94 vs 2.13 expected (-55.8% surprise).
6

2021-04-23EarningsMiss / cut

Reported EPS 0.98 vs 2.12 expected (-53.6% surprise).
5

2014-02-18EarningsMiss / cut

Reported EPS 0.64 vs 1.6 expected (-60.2% surprise).
4

2009-07-30EarningsMiss / cut

Reported EPS 0.43 vs 0.99 expected (-56.4% surprise).
3

2009-02-16EarningsMiss / cut

Reported EPS 0.46 vs 1.11 expected (-58.2% surprise).
2

2008-10-23EarningsMiss / cut

Reported EPS 0.46 vs 0.58 expected (-19.8% surprise).
1

2008-04-24EarningsMiss / cut

Reported EPS 0.47 vs 0.54 expected (-12.4% surprise).

Latest headlines

Auto-updated daily

Earnings history

EPS vs expectations

Date	Expected EPS	Reported EPS	Surprise
2022-04-27	2.22	0.98	−55.6%
2022-02-16	2.13	0.94	−55.8%
2021-04-23	2.12	0.98	−53.6%
2014-02-18	1.6	0.64	−60.2%
2009-07-30	0.99	0.43	−56.4%
2009-02-16	1.11	0.46	−58.2%
2008-10-23	0.58	0.46	−19.8%
2008-04-24	0.54	0.47	−12.4%
2008-03-31	0.53	0.29	−46.1%
2007-10-25	0.5	0.45	−11.3%
2007-08-03	0.49	0.41	−15.6%

About Air Liquide

Website ↗

L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, and Engineering & Construction segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, materials and chemicals, food and pharmaceuticals, technology and research, and fabrication and construction sectors. This segment also includes healthcare business, which provides medical gases, home healthcare services, med…

65,000 employees · Paris, France

Specialty & Industrial Gases

Fabs need ultra-pure nitrogen, hydrogen, neon, helium and fluorine compounds on long contracts. Helium-3 for cryogenics is genuinely scarce.

Air separation→Purification→Delivery→Fab

What would prove us wrong. Weakens if fab construction slows and on-site gas plants sit underused.

Peers at the same bottleneck

Who else supplies this

Stock	Role	Last	1D	1M	YTD
LIN Linde	Industrial and electronic gases	$509.4	+0.12%	+8.4%	+20.6%
APD Air Products	Fab gases and on-site plants	$307.5	+0.11%	+9.8%	+27.8%
4091.T Nippon Sanso	Industrial gases for Asian fabs	¥5,399.0	−0.48%	−2.5%	+17.0%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.