profit from every $100 of sales.
$0$100
Air Products and Chemicals
$316.53+0.10% today
+20.3% in 1 year
1-year low $230.761-year high $318.87
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Air Products and Chemicals sold, what it kept, and what it did with the cash.
Sales went from $12.7 billion in 2022 to $12.0 billion in 2025, with -$395 million of profit last year.
SalesProfit
Air Products and Chemicals vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Air Products and Chemicals | No profit yet | ||
 Linde | 35.0× · Expensive | ||
 L'Air Liquide | 35.1× · Expensive | ||
 Ecolab | 41.8× · Expensive | ||
 The Sherwin-Williams | 32.9× · Expensive |
Compare Air Products and Chemicals with Linde
AI analysis
An AI analyst reads Air Products and Chemicals's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 8,856 | 10,323 | 12,699 | 12,600 | 12,101 | 12,037 | |
| 2,998 | 3,137 | 3,360 | 3,767 | 3,932 | 3,781 | |
| – | – | 2,413 | 2,739 | 2,948 | 2,889 | |
| 3,718 | 3,971 | 4,221 | 4,418 | 6,491 | 1,338 | |
| 1,887 | 2,099 | 2,256 | 2,300 | 3,828 | -395 | |
| 8.49 | 9.43 | 10.14 | 10.33 | 17.18 | -1.77 | |
| 33.9% | 30.4% | 26.5% | 29.9% | 32.5% | 31.4% | |
| – | – | 19.0% | 21.7% | 24.4% | 24.0% | |
| 21.3% | 20.3% | 17.8% | 18.3% | 31.6% | -3.3% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 25,169 | 26,859 | 27,193 | 32,003 | 39,575 | 41,060 |
| Cash | 5,253 | 4,469 | 2,711 | 1,617 | 2,980 | 1,856 |
| Total debt | 8,244 | 8,141 | 8,327 | 11,032 | 15,006 | 18,406 |
| Total liabilities | 12,725 | 12,771 | 13,490 | 16,342 | 20,901 | 23,710 |
| 12,080 | 13,540 | 13,144 | 14,313 | 17,037 | 15,025 | |
| 222 | 223 | 223 | 223 | 223 | 223 | |
| 9.8% | 9.7% | 10.6% | 9.5% | 12.4% | -0.5% | |
| 15.6% | 15.5% | 17.2% | 16.1% | 22.5% | -2.6% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 3,265 | 3,335 | 3,230 | 3,206 | 3,647 | 3,257 | |
| 2,509 | 2,464 | 2,927 | 4,626 | 6,797 | 7,023 | |
| 756 | 871 | 304 | -1,420 | -3,150 | -3,766 | |
| Dividends paid | 1,104 | 1,257 | 1,383 | 1,497 | 1,565 | 1,584 |
| – | – | – | – | – | – | |
| 54 | 45 | 48 | 60 | 62 | 76 |
Valuation
- –
- 24.0×
- –
- 4.6×
- 5.9×
- –
- 65.1×
- -5.3%
- -0.6%
- 2.4%
Profitability
- 31.4%
- 24.0%
- -3.3%
- 35.0%
- -0.5%
- 8.2%
- 13.7%
- 5.1%
- 6.0%
- 0.7%
Growth
- +6.3%
- –
- −19.5%
- +5.9%
- +0.0%
Financial health
- 12.4×
- 1.23
- 44.1%
- -1.1×
- 1.38
- 1.21
- 0.30
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 14%of 989
Top 17%of 954
Top 42%of 940
Bottom 14%of 990
What analysts expect
- Average price target
- $312.78
- Range
- $255.00 – $360.00
- 4 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 30, 2026 | 3.20 | 3.06 | +4.6% |
| Jan 30, 2026 | 3.16 | 3.04 | +3.9% |
| Nov 6, 2025 | 3.39 | 3.38 | +0.3% |
| Jul 31, 2025 | 3.09 | 2.99 | +3.3% |
| May 1, 2025 | 2.69 | 2.83 | −4.9% |
| Feb 6, 2025 | 2.86 | 3.13 | −8.6% |
| Nov 7, 2024 | 3.56 | 3.48 | +2.3% |
| Aug 1, 2024 | 3.20 | 3.03 | +5.6% |
2.4%of the share price, paid each year
On $1,000 invested$24a year at today's yield, before tax
+5.9%2020 to 2025
Raised1 yearin a row, in our data
Paid per share, each year
$3.00 in 2015 → $7.14 in 2025
How safe it looks
75.6% of its profit
Room to growStretchedMore than it earns: -42.1%
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
17No pass
Benjamin Graham
19No pass
Philip Fisher
33No pass
Peter Lynch
30No pass
Joel Greenblatt
0No pass
Charlie Munger
27No pass
Terry Smith
28No pass
Questions about Air Products and Chemicals
Is Air Products and Chemicals a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Air Products and Chemicals AI analysis
What does Air Products and Chemicals do?
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. It is in Specialty Chemicals, based in Allentown, PA, United States, with 21,087 employees.
Does Air Products and Chemicals pay a dividend?
Yes. At today's price the dividend is 2.4% a year, about 76% of its yearly profit. In 2025 it paid out $1.58 billion in dividends.
Is Air Products and Chemicals stock halal?
Yes. Air Products and Chemicals passes our halal screen: its business is permitted and its debt is 26% of its market value, under the 30% limit. How we check
How has Air Products and Chemicals stock done over the past year?
Up 20.3% over the past twelve months, to $316.53. It traded between $230.76 and $318.87, close to its high.
Who are Air Products and Chemicals's competitors?
The largest listed companies in the same industry are Linde, L'Air Liquide, Ecolab and The Sherwin-Williams. The peers table on this page compares their profit, growth and price with Air Products and Chemicals's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.