Air Products & Chemicals, Inc.
Air Products & Chemicals, Inc. (APD) is listed on NYSE and classified in Specialty Chemicals, part of the Basic Materials sector. It is headquartered in Allentown, United States and has 21,087 employees. The company is worth $68.64B. Revenue was $12.04B in fiscal 2025, down 0.5% from the year before. It reported a net loss of $394.5M. The share price is within 3% of its 52-week high. It pays a dividend yielding 2.35%, and has raised its annual dividend for 28 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Andreas Halvorsen (Viking Global Investors), at $1.39B. In that quarter, 5 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Articles on this site that cover Air Products & Chemicals, Inc..
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +4.2% over 5Y.
today you would have $1,134.12▲ +13.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $247.02 | $290.04 | $273.80 | $308.26 | $304.26 | $273.22 | $234.99 | $160.05 | $164.08 | $143.82 | $120.36 | $133.42 | $103.40 | $77.72 | $78.81 | $84.14 | $74.99 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Basic Materials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| BBarrick Mining Corp | $38.65 | 10.0x | 2.3x | 1.81% | 27.01% | $63.61B |
| NUENucor Corp | $258.06 | 20.6x | 2.6x | 0.87% | 14.55% | $58.55B |
| CRHCRH Public Ltd Co | $86.43 | 15.2x | 2.4x | 1.80% | 15.81% | $57.5B |
| ECLEcolab Inc | $292.30 |
| $46.50 |
| $91.24 |
| P/E | 23.7x | — | 16.9x | 26.5x | 30.4x | 32.3x | 32.2x | 29.6x | 23.6x | 12.0x | 49.8x | 20.5x | 28.9x | 23.9x | 15.4x | 15.1x | 19.2x | 27.4x | 12.1x | 21.3x |
| P/S | 3.9x | 4.6x | 5.3x | 4.8x | 5.4x | 6.5x | 6.8x | 5.8x | 3.9x | 4.4x | 4.2x | 3.6x | 3.0x | 2.3x | 1.9x | 1.9x | 2.3x | 2.1x | 1.0x | 2.4x |
| P/B | 3.8x | 3.7x | 3.8x | 4.3x | 5.2x | 5.0x | 5.0x | 4.7x | 3.2x | 3.6x | 4.4x | 3.9x | 4.2x | 3.4x | 2.8x | 3.1x | 3.5x | 3.6x | 2.1x | 4.0x |
| EPS | -$1.77 | $17.18 | $10.33 | $10.14 | $9.43 | $8.49 | $7.94 | $6.78 | $13.65 | $2.89 | $5.88 | $4.61 | $4.33 | $5.03 | $5.21 | $4.38 | $2.74 | $3.84 | $4.29 |
| Dividend yield | 2.30% | 2.89% | 1.83% | 2.56% | 2.10% | 1.97% | 1.96% | 1.97% | 2.75% | 2.32% | 2.30% | 2.49% | 2.14% | 2.54% | 3.05% | 2.72% | 2.16% | 2.22% | 3.50% | 1.54% |
| Payout | 59.56% | — | 30.91% | 67.76% | 63.91% | 63.63% | 63.13% | 58.44% | 64.90% | 27.84% | 114.57% | 50.97% | 61.81% | 60.68% | 47.06% | 41.21% | 41.35% | 60.81% | 42.41% | 32.76% |
| Profit margin | 12.65% | -3.28% | 31.64% | 18.26% | 17.77% | 20.33% | 21.30% | 19.73% | 16.77% | 36.65% | 8.41% | 16.33% | 9.50% | 9.77% | 12.14% | 12.65% | 11.94% | 7.65% | 8.73% | 11.32% |
| ROE | 16.07% | -2.63% | 22.47% | 16.07% | 17.16% | 15.50% | 15.62% | 15.92% | 13.80% | 29.75% | 8.91% | 17.63% | 13.46% | 14.12% | 18.02% | 21.12% | 18.55% | 13.17% | 18.08% | 18.84% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 6.3% a year against a 7.8% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
1 methods answered, across 1 families.
Room for errors in the reported numbers.
+64.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 39.2x |
| 8.1x |
| 1.00% |
| 21.96% |
| $81.94B |
| SHWSherwin Williams Co | $345.63 | 31.1x | 21.6x | 0.93% | 65.12% | $83.9B |
| WPMWheaton Precious Metals Corp. | $123.53 | 27.4x | 5.8x | 0.63% | 23.55% | $56.1B |