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Air Products and Chemicals supplies industrial gases and chemicals primarily to semiconductor and electronics manufacturers.

Snapshot
Country USA USA
ExchangeNYSE
AI Layer chips
Category 2.00 Semiconductor Materials, Gases & Chemicals
Sentiment 58.0%
USD Mkt Cap64.90B
USD Revenue12.60B
USD Net Income-47.30M
P/E31.04
fwd P/E20.19
PEG2.13
Price 3M+2.6%
Price 6M+2.4%
Price 1Y+2.1%
Price 2Y+7.8%
USD Share Price292.94
Price History
Price & Size
Price 291.43 USD
Market Cap 64.90B USD
Shares Outstanding 222.69M
Shares Float 222.37M
52w Low 229.11 USD
52w High 314.87 USD
Avg Volume 1.22M
Valuation
P/E (forward) 20.2x
P/B 4.67x
Enterprise Value 84.88B USD
Book Value / Share 62.35 USD
PEG Ratio 2.13x
P/S 5.15x
EV / Revenue 6.74x
EV / EBITDA 18.25x
Income
Revenue 12.60B USD
Revenue / Share 56.57 USD
EBITDA 4.65B USD
Net Income -47.30M USD
EPS (trailing) -0.20 USD
EPS (forward) 14.44 USD
Margins & Profitability
Gross Margin 32.1%
Operating Margin 25.5%
Profit Margin -0.4%
EBITDA Margin 36.9%
Return on Equity 0.0%
Return on Assets 4.7%
Growth
Revenue Growth 4.6%
Cash & Debt
Total Cash 1.00B USD
Total Debt 18.27B USD
Free Cash Flow -1.50B USD
Operating Cash Flow 4.57B USD
Debt / Equity 1.10x
Current Ratio 1.08x
Quick Ratio 0.75x
Dividend
Rate 7.24 USD
Yield 2.5%
Payout Ratio 75.7%
Ex-Date 2026-10-01
Risk
Beta 0.75
Analyst Consensus
Target (Mean) 343.63 USD
Target (Median) 350.00 USD
Target (High) 365.00 USD
Target (Low) 314.00 USD
Recommendation buy
# Analysts 19
Identifiers
ISINUS0091581068
CUSIP009158106
FIGIBBG000BC4R51
SEDOL2011602
Sentiment 58.0%
Positive drivers

Air Products saw tailwinds from rising demand for specialty gases used in semiconductor and electronics manufacturing amid the ongoing AI infrastructure expansion. The company's hydrogen and clean energy initiatives attracted positive investor attention with new project announcements. Recent quarterly results showed modest revenue growth exceeding analyst expectations in key segments.

Neutral / mixed

The stock traded in a narrow range reflecting broader industrial sector stability without major catalysts. Ongoing capital expenditure plans for new facilities remain on track but have not yet translated into immediate earnings impact. Dividend policy continued unchanged, providing steady income appeal for long-term holders.

Negative drivers

Margin pressures from elevated energy and feedstock costs weighed on profitability in the period. Global industrial slowdown concerns and delayed customer capex in certain regions created headwinds. Increased competition in the industrial gases market limited pricing power.

Bottom line

Sentiment for APD is mildly positive, supported by AI-adjacent growth opportunities in electronics and hydrogen, yet offset by cost and macroeconomic challenges.