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NYSE · US · Specialty Chemicals

APD Air Products

Fab gases and on-site plants

Uptrend Trading above its 50-day average. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
$307.5
+0.11% today
1W
+3.0%
1M
+9.8%
3M
+5.7%
YTD
+27.8%
1Y
+23.8%
Off 52w high
−1.5%
Next earnings (est.): 2026-11-05
Market cap$68.40B
P/E (trailing)—Forward 21.3
EV / sales7.0×EV/EBITDA 19.1×
Revenue (TTM)$12.60BGrowth 4.6% y/y
Margins32.1%gross · op 25.5%
Free cash flow-$1.50BCash $1.00B · debt $18.27B
Analyst target$342.6+11.4% upside · 20 analysts · buy
Riskβ 0.76Short 2.3% of float · yield 2.35%

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

APD · 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
  1. 8
    2026-07-30EarningsBeat / raise

    Reported EPS 3.47 vs 3.34 expected (+3.8% surprise).

  2. 7
    2026-04-30EarningsBeat / raise

    Reported EPS 3.2 vs 3.06 expected (+4.5% surprise).

  3. 6
    2026-01-30EarningsBeat / raise

    Reported EPS 3.16 vs 3.04 expected (+3.9% surprise).

  4. 5
    2025-11-06EarningsBeat / raise

    Reported EPS 3.39 vs 3.38 expected (+0.2% surprise).

  5. 4
    2025-07-31EarningsBeat / raise

    Reported EPS 3.09 vs 2.99 expected (+3.2% surprise).

  6. 3
    2025-05-01EarningsMiss / cut

    Reported EPS 2.69 vs 2.83 expected (-4.9% surprise).

  7. 2
    2025-02-06EarningsBeat / raise

    Reported EPS 2.86 vs 2.84 expected (+0.7% surprise).

  8. 1
    2024-11-07EarningsBeat / raise

    Reported EPS 3.56 vs 3.47 expected (+2.5% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-07-303.343.47+3.8%
2026-04-303.063.2+4.5%
2026-01-303.043.16+3.9%
2025-11-063.383.39+0.2%
2025-07-312.993.09+3.2%
2025-05-012.832.69−4.9%
2025-02-062.842.86+0.7%
2024-11-073.473.56+2.5%
2024-08-013.043.2+5.3%
2024-04-302.72.85+5.5%
2024-02-053.02.82−6.1%
2023-11-073.113.15+1.2%
2023-08-032.912.98+2.2%
2023-05-092.662.74+3.1%
2023-02-022.72.64−2.2%
2022-11-032.762.89+4.6%
2022-08-042.612.62+0.4%
2022-05-052.372.38+0.3%
2022-02-042.52.52+1.0%
2021-11-042.492.51+1.0%
2021-08-092.382.31−2.8%
2021-05-102.112.08−1.6%
2021-02-042.22.12−3.5%
2020-11-112.212.19−0.7%

About Air Products

Website ↗

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, metals, manufacturing, electronics, energy production, medical, food, chemical and petrochemical manufacturing, oil and gas recovery and processing, and steel and primary metals processing. 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. Air Products and Chemicals, Inc. was founded in 1940 and is headquarter…

21,087 employees · Allentown, United States

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

StockRoleLast1D1MYTDTrend
LIN
Linde
Industrial and electronic gases $509.4+0.12%+8.4%+20.6%
AI.PA
Air Liquide
Electronics specialty gases €175.4+0.39%+4.7%+22.9%
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.