Air Products & Chemicals Inc.

Air Products & Chemicals Inc.

APD

Get informed when a big investor buys or sells

+ Follow
Market Cap$62.87B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Air Products & Chemicals Inc.Air Products & Chemicals Inc.29.92.54%13%5.11.2

Earnings Call Q2 2026

April 30, 2026 - AI Summary

Earnings Growth: Air Products reported earnings per share (EPS) of $3.20 for Q2 Fiscal 2026, a 19% increase year-over-year (YOY). Improved volumes, productivity, and favorable currency impacts contributed to this growth. Year-to-date, the company reaffirmed its full-year EPS guidance, now projected to be between $13.00 and $13.25, reflecting an expected growth rate of 8% to 10% from the previous year.
Operating Margins and Cash Flow: The operating margin rose to 23.7%, an increase of over 200 basis points compared to the prior year, attributed to strong volumes, improved productivity, and increased pricing on non-helium merchant products, particularly in the Americas and Europe. The company has returned $800 million to shareholders in dividends in the first half of the fiscal year.
Challenges from Helium Supply: The ongoing conflict in the Middle East, particularly related to helium supply from Qatar, continues to be a significant headwind. It is expected to negatively affect helium pricing in 2026, with the company indicating that helium will remain a drag on EPS through the year, limiting some pricing flexibility in long-term contracts.

Exclusive for Stockcircle Pro members

Sign upSign Up
$334.17

Target Price by Analysts

18.1% upsideAir Products & Chemicals Target Price DetailsTarget Price
$-262.47

Current Fair Value

192.8% downside

Overvalued by 192.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$62.87 Billion
Enterprise Value$80.40 Billion
Dividend Yield$7.18 (2.54%)
Earnings per Share$-1.77
Beta0.75
Outstanding Shares222,800,000

Return

Return on Equity13.47%ROE
Return on Assets5.06%
Return on Invested Capital7.34%

Valuation & Multiples

P/E Ratio29.85P/E Ratio
PEG-21.16PEG
Price to Sales5.15Price to Sales
Price to Book Ratio3.49Price to Book Ratio
Enterprise Value to Revenue6.45
Enterprise Value to EBIT28.72
Enterprise Value to Net Income38
Total Debt to Enterprise0.23
Debt to Equity1.18Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$3.04
Average shareholder expectation
Revenue Estimate
$3.07 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$3.35
Average shareholder expectation
Revenue Estimate
$3.19 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.4343 9.37%
Total Calls1,479,196 16.44%
Total Puts642,447 4.23%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %89.44% 4.61%
Total Invested$58.41B 12.94%
Investors Holding1,826 116.00%

ESG Score

No data

About Air Products & Chemicals Inc.

CEO: Seifollah Ghasemi

Relevant Senate Committees

Joint Committee on Taxation

Provides critical analysis and scoring for tax legislation, directly influencing corporate tax policy and the financial environment for companies like APD.

Finance

Sets tax policy, trade regulations, and entitlement spending, all of which directly impact APD's profitability, global operations, and the economic sectors it serves.

Appropriations

Directly allocates federal funds for infrastructure, energy, and defense projects, which are significant drivers of demand for APD's industrial gases and related services.

Energy and Natural Resources

Directly impacts energy policy, supply of natural resources (key inputs for APD), and regulations for the energy sector, including hydrogen production where APD is a leader.

Environment and Public Works

Directly regulates environmental compliance for chemical processes and emissions, which are critical for APD. Infrastructure spending also boosts demand for industrial gases.