APD
NYSE · Chemicals
Air Products & Chemicals Inc
$293.17
+3.08 (+1.06%)
Performance
1D
—
1W
—
1M
—
3M
+18.29%
6M
+8.39%
1Y
-0.66%
YTD
+17.05%
Open$289.73
Previous Close$290.09
Day High$295.25
Day Low$289.73
52W High$318.61
52W Low$229.11
Volume—
Avg Volume1.59M
Market Cap61.04B
P/E Ratio—
EPS$-1.50
SectorChemicals
Technical Indicators
Full analysis →
SMA 50
$261.10
Above
SMA 200
$272.22
Above
RSI (14)
68
Neutral
Trend
Death Cross
Bearish
Analyst Ratings
Buy
29 analysts
Price Target
-47.8% upside
Current
$293.17
$293.17
Target
$152.97
$152.97
$99.95
$152.97 avg
$196.89
Key Financials
| FY 2026 | FY 2025 | FY 2024 | |
|---|---|---|---|
| Revenue | 12.12B | 12.34B | 12.86B |
| Net Income | -397,282,072 | -363,996,604 | 1.22B |
| Profit Margin | -3.3% | -3.1% | 9.5% |
| EBITDA | 667.49M | 645.54M | 1.50B |
| Free Cash Flow | — | — | 1.19B |
| Rev Growth | -1.8% | -1.8% | +2.8% |
| Debt/Equity | 1.18 | 1.18 | 0.30 |
Dividend
Dividend Yield2.62%
Annual Dividend$7.12
Payout Ratio40.9%
Frequencyquarterly
Ex-Dividend—
Pay Date—
About Air Products & Chemicals Inc
Air Products and Chemicals, Inc. is a leading global industrial gases company headquartered in Allentown, Pennsylvania, supplying atmospheric and process gases, related equipment, and services to a wide range of industries. The company provides gases such as hydrogen, nitrogen, oxygen, argon, and helium to customers in energy, refining, chemicals, metals, electronics, and healthcare markets through on-site plants, pipelines, and cylinder distribution. Air Products has established itself as a major global developer of large-scale green and blue hydrogen projects. It competes primarily with Linde and Air Liquide in the global industrial gas market.
Chemicals Peers
| Symbol | Name | Price | Change | P/E | Mkt Cap |
|---|---|---|---|---|---|
| LIN | Linde Plc | $495.49 | +0.64% | 32.9 | 226.97B |
| SHW | Sherwin-Williams Co/The | $319.55 | -0.75% | 32.4 | 83.12B |
| ECL | Ecolab Inc | $264.25 | -1.60% | 38.4 | 79.70B |
| CTVA | Corteva Inc | $82.73 | +0.85% | 47.4 | 51.80B |
| NTR | Nutrien Ltd | $73.69 | -3.82% | 18.8 | 46.56B |
| PPG | Ppg Industries Inc | $105.31 | -1.29% | 13.9 | 21.85B |
APD Frequently Asked Questions
What does Air Products & Chemicals do?
Air Products makes money by selling gases — primarily hydrogen, nitrogen, oxygen, and argon — to industrial customers who can't economically produce them on-site. The business model is built around long-term take-or-pay contracts, where Air Products builds a dedicated plant on or near a customer's facility and sells gases under agreements spanning decades. This asset-heavy, contract-driven structure produces highly predictable cash flows. The company has also positioned itself as the global leader in large-scale green hydrogen production, committing billions to projects in Saudi Arabia, the U.S., and beyond.
Is APD stock a good investment?
Air Products offers defensive characteristics rare among industrial companies — its on-site supply model creates captive revenue streams that competitors struggle to disrupt once a plant is built. The stock has historically commanded a premium valuation given this revenue predictability. The company's aggressive bet on green hydrogen mega-projects introduces both upside and execution risk: these projects are among the largest industrial investments in the sector, and delays or cost overruns could weigh on returns. Investors closely watch capital allocation and the pace of hydrogen demand development.
Who are Air Products & Chemicals' main competitors?
The industrial gas market is essentially a three-player global oligopoly. Linde is the largest competitor by revenue, with broad operations across atmospheric gases, process gases, and healthcare. Air Liquide of France is the second global giant, competing directly across every major market Air Products serves. Messer and Nippon Sanso compete in regional markets. In green hydrogen specifically, new entrants from the energy and engineering sector are emerging as rivals for large-scale project development.
Does Air Products & Chemicals pay dividends?
Air Products has raised its dividend every year for over 40 consecutive years, making it one of the longest-running dividend growth records among large U.S. industrials. The company's stable, contract-backed cash flows make consistent dividend payments relatively sustainable even through economic cycles. At current prices, its yield tends to fall in the mid-single-digit percentage range relative to peers, reflecting both its income credentials and its capital-intensive growth strategy. Dividend growth has tracked closely with earnings-per-share growth over time.
What is APD's stock price today?
APD last closed at $293.17, up 1.06% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $229.11 and a high of $318.61. The current price represents 72% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.
What do Wall Street analysts say about APD?
Among 29 analysts covering APD, the consensus rating is Buy — 16 rate it a buy, 13 hold, and 0 sell. The average price target sits at $152.97, implying 48% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.
Is Air Products & Chemicals Inc profitable?
Air Products & Chemicals Inc generated $12.12B in revenue during fiscal year 2026 but reported a net loss of $397.28M. Companies operating at a loss may be investing heavily in growth, or facing margin pressure in their market.
How has APD stock performed recently?
Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +18.29% (3M), +8.39% (6M), -0.66% (1Y), +17.05% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether APD is outperforming or lagging the broader market.