Air Products (APD)
Materials · Industrial gases and chemicals
Global industrial gases and chemical supplier producing hydrogen, nitrogen, oxygen, and helium for energy, manufacturing, and specialty applications.
What Air Products does
Air Products manufactures and supplies atmospheric and process gases, hydrogen, and specialty chemicals on a global scale. The company serves diverse end markets including petroleum refining, chemicals, metals, electronics, and energy production. Air Products operates through an extensive network of facilities and pipelines, as well as through on-site and merchant delivery systems. The company also develops and implements technologies to address energy efficiency, industrial decarbonization, and global climate change mitigation.
Themes: ["industrial gases","hydrogen economy","energy transition","decarbonization","petrochemical processing","semiconductor manufacturing","metals processing","climate change mitigation","infrastructure projects","supply chain"]
Fundamentals
- Price$295.85 as of 2026-07-09 close
- Market cap$65.6B as of 2026-07-10
- 1-year return+0.5% as of 2026-07-09 close
- P/E31.11 as of 2026-07-10
- Net margin+16.9% as of 2026-07-10
- Gross margin+32.0% as of 2026-07-10
- ROE+13.7% as of 2026-07-10
- Debt / equity1.13 as of 2026-07-10
- Revenue growth (YoY)+3.7% as of 2026-07-10
- Revenue CAGR (3y)-1.8% SEC XBRL
- Beta0.76 as of 2026-07-10
Dividend: yield +2.4%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Project execution risk: Major customers may delay, cancel, or postpone projects; scope changes and cost escalations on large-scale, technically complex projects could impact profitability","Commodity and market volatility: Exposure to oil and natural gas price fluctuations affects costs and customer demand; changes in global economic conditions and supply-demand dynamics impact market segments served","Geopolitical and operational risks: Extensive international operations expose the company to political instability, sanctions, tariffs, and the impact of conflicts (Ukraine, Middle East); supply chain disruptions and facility damage could impair operations"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.