Air Products and Chemicals, Inc. (APD)

US — Basic Materials Sector
Peers: PPG  SHW  ECL  ALB  LIN  RPM  EMN  LYB  IFF 

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Key Metrics & Ratings

  • symbol APD
  • Rev/Share 54.1198
  • Book/Share 79.7487
  • PB 4.1491
  • Debt/Equity 1.1804
  • CurrentRatio 1.2916
  • ROIC 0.0333

 

  • MktCap 64395999900.0
  • FreeCF/Share -20.7697
  • PFCF -13.9159
  • PE 41.5783
  • Debt/Assets 0.4403
  • DivYield 0.0246
  • ROE 0.097

 

  • Rating C+
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation APD RBC Capital Mkts -- Outperform -- $355 June 13, 2025
Resumed APD Morgan Stanley -- Equal Weight -- $290 May 29, 2025
Downgrade APD BofA Securities Neutral Underperform -- $282 April 15, 2025
Downgrade APD BMO Capital Markets Outperform Market Perform -- -- Feb. 7, 2025
Downgrade APD JP Morgan Overweight Neutral $345 $320 Feb. 7, 2025
Upgrade APD Bernstein Market Perform Outperform -- $375 Jan. 31, 2025
Downgrade APD BofA Securities Buy Neutral -- $350 Jan. 27, 2025
Upgrade APD Barclays Equal Weight Overweight $315 $365 Jan. 24, 2025
Upgrade APD Wells Fargo Equal Weight Overweight -- -- Jan. 14, 2025
Upgrade APD Jefferies Hold Buy $295 $364 Oct. 7, 2024

News

Air Products Publishes 2025 Sustainability Report
APD
Published: September 05, 2025 by: PRNewsWire
Sentiment: Neutral

LEHIGH VALLEY, Pa. , Sept. 5, 2025 /PRNewswire/ -- Air Products (NYSE:APD) today published its 2025 Sustainability Report.

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image for news Air Products Publishes 2025 Sustainability Report
APD's Cleveland Air Separation Facility Is Operational, Supply Begins
APD
Published: September 03, 2025 by: Zacks Investment Research
Sentiment: Positive

Air Products and Chemicals' new Cleveland air separation facility starts supply, boosting merchant market reach and long-term customer ties.

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image for news APD's Cleveland Air Separation Facility Is Operational, Supply Begins
Air Products' New Cleveland Air Separation Facility and Liquefier Onstream and Supplying Onsite and Regional Customers
APD
Published: September 02, 2025 by: PRNewsWire
Sentiment: Neutral

LEHIGH VALLEY, Pa. , Sept. 2, 2025 /PRNewswire/ -- Air Products (NYSE: APD), a leading global industrial gas supplier, today announced that its new air separation facility in Cleveland, Ohio is onstream and supplying customers.

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image for news Air Products' New Cleveland Air Separation Facility and Liquefier Onstream and Supplying Onsite and Regional Customers
Air Products And Chemicals: Returning To A Purified Industrial Gases Business
APD
Published: September 01, 2025 by: Seeking Alpha
Sentiment: Positive

Air Products is refocusing on core industrial gases after heavy investment in hydrogen projects led to high debt and underperforming assets. Management changes and a strategic review have resulted in project cancellations, workforce reductions, and a plan to restore double-digit earnings growth by 2030. Despite current challenges, APD's revenue mix—especially its high share of long-term Onsite contracts and exposure to growth regions—remains attractive.

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image for news Air Products And Chemicals: Returning To A Purified Industrial Gases Business
Best Dividend Aristocrats For September 2025
ABBV, ABT, ADM, ADP, AFL, ALB, AMCR, AOS, APD, ATO, BDX, BEN, BRO, CAH, CAT, CB, CHD, CHRW, CINF, CL, CLX, CTAS, CVX, DOV, ECL
Published: August 27, 2025 by: Seeking Alpha
Sentiment: Positive

Dividend Aristocrats have shown mixed 2025 performance, with some delivering double-digit gains and others lagging, but overall stability remains a hallmark. Dividend growth is robust, with 53 of 69 Aristocrats raising payouts in 2025 and an average growth rate of 5.14%, signaling continued income reliability. My 'Promising Aristocrats' list, focused on undervaluation and projected total return, has outperformed both NOBL and SPY in August.

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image for news Best Dividend Aristocrats For September 2025
Air Products Successfully Completes First Liquid Hydrogen Fill of the World's Largest Hydrogen Sphere at NASA's Kennedy Space Center
APD
Published: August 21, 2025 by: PRNewsWire
Sentiment: Neutral

LEHIGH VALLEY, Pa. , Aug. 21, 2025 /PRNewswire/ -- Air Products (NYSE: APD), the world's leading supplier of hydrogen, today announced it has successfully completed the first fill of the world's largest hydrogen sphere at the National Aeronautics and Space Administration's (NASA) Kennedy Space Center located on Merritt Island, Florida.

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image for news Air Products Successfully Completes First Liquid Hydrogen Fill of the World's Largest Hydrogen Sphere at NASA's Kennedy Space Center
JMPLY vs. APD: Which Stock Should Value Investors Buy Now?
APD, JMPLY
Published: August 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in Chemical - Diversified stocks are likely familiar with Johnson Matthey PLC (JMPLY) and Air Products and Chemicals (APD). But which of these two stocks is more attractive to value investors?

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image for news JMPLY vs. APD: Which Stock Should Value Investors Buy Now?
Air Products And Chemicals: Solid Execution And Upside Ahead
APD
Published: August 07, 2025 by: Seeking Alpha
Sentiment: Positive

Q3 results showed strong EBIT margin expansion despite volume declines, highlighting early success in cost efficiency and project optimization under the new CEO. The NEOM green hydrogen project is 80% complete, and potential share buybacks support long-term EPS growth and valuation upside. Air Products And Chemicals remains a mispriced first mover in the energy transition with stable cash‑generating industrial gases.

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image for news Air Products And Chemicals: Solid Execution And Upside Ahead
Air Products and Chemicals: Q3 Shows Slow But Clear Improvement (Downgrade)
APD
Published: July 31, 2025 by: Seeking Alpha
Sentiment: Positive

Air Products and Chemicals, Inc. is stabilizing after a CEO change and strategic pivot, but shares remain rangebound and upside is limited in the near term. Recent results show modest improvement, with cost discipline and volume growth outside project exits, but cash flow remains pressured by high cap-ex and debt. Management's guidance is conservative; I expect APD to deliver at the top end, but meaningful transformation will take years, with true potential not reached until 2030.

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image for news Air Products and Chemicals: Q3 Shows Slow But Clear Improvement (Downgrade)
Air Products' Earnings and Revenues Surpass Estimates in Q3
APD
Published: July 31, 2025 by: Zacks Investment Research
Sentiment: Positive

APD tops Q3 estimates as higher energy cost pass-through and pricing offset lower volumes.

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image for news Air Products' Earnings and Revenues Surpass Estimates in Q3
Air Products and Chemicals (APD) Reports Q3 Earnings: What Key Metrics Have to Say
APD
Published: July 31, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Air Products and Chemicals (APD) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Read More
image for news Air Products and Chemicals (APD) Reports Q3 Earnings: What Key Metrics Have to Say
Air Products and Chemicals, Inc. (APD) Q3 2025 Earnings Call Transcript
APD
Published: July 31, 2025 by: Seeking Alpha
Sentiment: Neutral

Air Products and Chemicals, Inc. (NYSE:APD ) Q3 2025 Earnings Conference Call July 31, 2025 8:00 AM ET Company Participants Eduardo F. Menezes - CEO & Director Eric Guter - Vice President of Investor Relations Melissa N.

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image for news Air Products and Chemicals, Inc. (APD) Q3 2025 Earnings Call Transcript
Air Products to Broadcast Fiscal 2025 Third Quarter Earnings Teleconference on July 31, 2025
APD
Published: June 30, 2025 by: PRNewsWire
Sentiment: Neutral

LEHIGH VALLEY, Pa. , June 30, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will hold a conference call to discuss its fiscal 2025 third quarter financial results on Thursday, July 31, 2025 at 8:00 a.m.

Read More
image for news Air Products to Broadcast Fiscal 2025 Third Quarter Earnings Teleconference on July 31, 2025
Is the Options Market Predicting a Spike in Air Products Stock?
APD
Published: June 26, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors need to pay close attention to APD stock based on the movements in the options market lately.

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image for news Is the Options Market Predicting a Spike in Air Products Stock?
Air Products and Chemicals: Margin Rebound To Drive Earnings Surge
APD
Published: June 23, 2025 by: Seeking Alpha
Sentiment: Positive

Initiate Air Products and Chemicals with strong buy, $368 PT, citing cost resets and underappreciated margin rebound despite helium and macro headwinds. APD's core industrial gas franchise delivers resilient, contract-driven cash flow, with cost-outs and margin recovery above consensus expectations for FY25–26. Valuation assumes mean reversion to 17x FY26E EV/EBITDA, offering 36% upside and prudent risk/reward amid higher rates and market exuberance.

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image for news Air Products and Chemicals: Margin Rebound To Drive Earnings Surge
Air Products to Showcase Industrial Gas Solutions at the PowderMet2025 International Conference on Powder Metallurgy and Particulate Materials
APD
Published: June 13, 2025 by: PRNewsWire
Sentiment: Neutral

LEHIGH VALLEY, Pa. , June 13, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will showcase industrial gas solutions and technologies for metals and materials processing applications at the PowderMet2025 International Conference on Powder Metallurgy and Particulate Materials from June 15-18 at the Sheraton Phoenix Downtown in Phoenix, Arizona.

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image for news Air Products to Showcase Industrial Gas Solutions at the PowderMet2025 International Conference on Powder Metallurgy and Particulate Materials
Air Products' CEO Eduardo Menezes to Speak at Deutsche Bank's 16th Annual Global Industrials & Materials Conference
APD
Published: May 28, 2025 by: PRNewsWire
Sentiment: Neutral

LEHIGH VALLEY, Pa. , May 28, 2025 /PRNewswire/ -- Air Products' (NYSE:APD) CEO Eduardo Menezes will speak at Deutsche Bank's 16th Annual Global Industrials & Materials Conference on Wednesday, June 4, 2025 at 8:00 a.m.

Read More
image for news Air Products' CEO Eduardo Menezes to Speak at Deutsche Bank's 16th Annual Global Industrials & Materials Conference
Air Products Declares Quarterly Dividend
APD
Published: May 22, 2025 by: PRNewsWire
Sentiment: Neutral

LEHIGH VALLEY, Pa. , May 22, 2025 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.79 per share of common stock.

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image for news Air Products Declares Quarterly Dividend
Air Products and Chemicals, Inc. (APD) Q2 2025 Earnings Call Transcript
APD
Published: May 01, 2025 by: Seeking Alpha
Sentiment: Neutral

Air Products and Chemicals, Inc.

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image for news Air Products and Chemicals, Inc. (APD) Q2 2025 Earnings Call Transcript
Air Products and Chemicals: Attractive After Resetting Expectations (Upgrade)
APD
Published: May 01, 2025 by: Seeking Alpha
Sentiment: Neutral

Shares of Air Products and Chemicals, Inc. fell 2% due to disappointing results and guidance, amidst recent management changes and strategic uncertainties. APD's weak quarter included earnings of $2.69, below consensus, and revenue of $2.9 billion, prompting a cut in full-year guidance. New management aims to streamline APD, focusing on the core industrial gas business, reducing CapEx, and improving capital efficiency with potential buybacks.

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image for news Air Products and Chemicals: Attractive After Resetting Expectations (Upgrade)
Air Products' Earnings and Revenues Lag Estimates in Q2
APD
Published: May 01, 2025 by: Zacks Investment Research
Sentiment: Negative

APD's sales remain flat due to higher energy costs pass-through and higher pricing, offset by lower volumes and unfavorable currency in Q2.

Read More
image for news Air Products' Earnings and Revenues Lag Estimates in Q2
Air Products and Chemicals (APD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
APD
Published: May 01, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Air Products and Chemicals (APD) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Read More
image for news Air Products and Chemicals (APD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Air Products and Chemicals (APD) Misses Q2 Earnings and Revenue Estimates
APD
Published: May 01, 2025 by: Zacks Investment Research
Sentiment: Negative

Air Products and Chemicals (APD) came out with quarterly earnings of $2.69 per share, missing the Zacks Consensus Estimate of $2.84 per share. This compares to earnings of $2.85 per share a year ago.

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image for news Air Products and Chemicals (APD) Misses Q2 Earnings and Revenue Estimates
Air Products lowers full-year profit forecast, shares fall
APD
Published: May 01, 2025 by: Reuters
Sentiment: Negative

Air Products cut its annual profit forecast on Thursday and the industrial gas maker reported lower-than-expected quarterly earnings, hurt by lower sales volumes and higher costs, sending the company's shares down 4% premarket.

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image for news Air Products lowers full-year profit forecast, shares fall
Air Products Reports Fiscal 2025 Second Quarter Results
APD
Published: May 01, 2025 by: PRNewsWire
Sentiment: Neutral

Q2 FY25 Summary of Results (comparisons versus prior year): GAAP results, including loss per share# of $7.77 and net loss of $1.7 billion, driven by an after-tax charge attributable to Air Products of $2.3 billion for business and asset actions recorded during the fiscal 2025 second quarter Adjusted earnings per share ("EPS")* of $2.69; adjusted EBITDA* of $1.2 billion Q2 FY25 Announcements Appointed Eduardo F. Menezes Chief Executive Officer of Air Products and member of the Board of Directors, joining other Board members elected in January 2025; Wayne T.

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image for news Air Products Reports Fiscal 2025 Second Quarter Results
Nike, Air Products, Pepsi: Why this portfolio manger is watching these 3 stocks
APD, NKE, PEP
Published: April 27, 2025 by: Yahoo Finance
Sentiment: Neutral

Everyone is looking for an edge in the market. With earnings season underway, Rockland Trust vice president and portfolio manager Karl Farmer shares three stocks he is keeping an eye on.

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image for news Nike, Air Products, Pepsi: Why this portfolio manger is watching these 3 stocks
Why Investors Need to Take Advantage of These 2 Basic Materials Stocks Now
APD, LIN
Published: April 16, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

Read More
image for news Why Investors Need to Take Advantage of These 2 Basic Materials Stocks Now
Air Products to Broadcast Fiscal 2025 Second Quarter Earnings Teleconference on May 1, 2025
APD
Published: April 01, 2025 by: PRNewsWire
Sentiment: Neutral

LEHIGH VALLEY, Pa. , April 1, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will hold a conference call to discuss its fiscal 2025 second quarter financial results on Thursday, May 1, 2025 at 8:00 a.m.

Read More
image for news Air Products to Broadcast Fiscal 2025 Second Quarter Earnings Teleconference on May 1, 2025
21 Upcoming Dividend Increases To Finish Q1
APD, CMCSA, CPT, CSCO, CTRE, CUBE, EQR, ESS, FR, FSV, GL, GNTY, INDB, JPM, MPWR, NTR, NYT, OFG, REXR, RNP, SCHD, STLD, VNQ, WTW
Published: March 26, 2025 by: Seeking Alpha
Sentiment: Positive

The lists were created using the U.S. Dividend Champions spreadsheet and NASDAQ data, ensuring companies have at least five years of dividend growth. My investment strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperformance relevant to certain benchmarks. Top-performing stocks include MPWR, STLD, and JPM. Top REITs include CTR, FR, and REXR for their impressive returns and dividend growth rates.

Read More
image for news 21 Upcoming Dividend Increases To Finish Q1
Air Products and Chemicals: Why I'm Bullish On This Hydrogen Stock
APD
Published: March 21, 2025 by: Seeking Alpha
Sentiment: Positive

Air Products and Chemicals, Inc.'s recent price pullback offers a growth opportunity, driven by its strategic focus on the expanding hydrogen market and solid financial performance. Upcoming projects like the NEOM green hydrogen facility and Louisiana blue hydrogen project highlight APD's growth potential and commitment to clean energy. Cost-saving initiatives, reasonable debt levels, and a well-covered dividend support APD's positive outlook and justify its current valuation.

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image for news Air Products and Chemicals: Why I'm Bullish On This Hydrogen Stock

About Air Products and Chemicals, Inc. (APD)

  • IPO Date 1980-03-17
  • Website https://www.airproducts.com
  • Industry Chemicals - Specialty
  • CEO Eduardo F. Menezes
  • Employees 21850

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals. 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. has a strategic collaboration with Baker Hughes Company to develop hydrogen compression systems. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.