APD
Air Products
$283.11
▲ 1.0%Updated Today 7:15 PM ET
▲ Up 1.8% over the last 12 months
Market Cap
$62.40B
P/E
29.76x
Forward P/E (est.)
21.66x
ROE
13.7%
Revenue Growth
3.7%
EPS Growth
37.4%
Profit Margin
16.9%
FCF Yield
5.9%
Debt / Equity
1.18x
ROIC
-3.0%
Interest Coverage
—
Current Ratio
1.43x
Dividend Yield
2.6%
Implied Growth (rev. DCF)
—
Rating Score
55/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what APD's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. APD trades near $283.11, around its 50-day average ($292.32) and 200-day average ($274.01). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 48 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. APD's is $6.42 (~2.3% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month APD found buyers near $274.37 (support) and sellers near $293.99 (resistance); its 52-week range is $229.11–$307.96. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.4× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Air Products (APD) is a large-cap company in the Industrial Gases industry, part of the Materials sector of the S&P 500, with a market value around $62.40B.
In its latest reported year it generated about $12.04B in revenue and posted a net loss of $394.50M.
Our model rates APD Neutral (55/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
3.9%
Revenue moved from $10.32B in 2021 to $12.04B in 2025, a 3.9% compound annual growth rate. The most recent year was roughly flat (3.7%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
32.0%
Operating Margin
-7.3%
Net Margin
-3.3%
ROE
13.7%
Air Products keeps about 16.9% of each sales dollar as net profit, with a 32.0% gross margin and -7.3% operating margin. Return on equity is 13.7% and return on invested capital about -3.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$5.29B
Net Debt
$4.34B
Net Debt / EBITDA
—
Debt / Equity
1.18x
Leverage: debt-to-equity is 1.2x, with a current ratio of 1.4x. That is a moderate, manageable debt load for most businesses. It carries roughly $5.29B of total debt against $951.00M of cash.
Operating CF
$3.26B
Free Cash Flow
-$3.77B
FCF Margin
-31.3%
In the latest year Air Products produced about $3.26B of operating cash flow but negative free cash flow as it invested heavily. That is a free-cash-flow yield of about 5.9% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
29.76x
P/S
5.21x
P/B
4.04x
EV / EBITDA
97.2x
APD trades at 29.8x trailing earnings (about 21.7x on estimated forward earnings), 5.2x sales, and 4.0x book value. That is a premium multiple that needs growth to justify it.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How APD stacks up against its Materials peers — valuation, profitability, and growth versus the sector median.
In the Materials sector (26 S&P 500 companies), APD ranks #9 of 26 by our overall rating. It trades at roughly in line versus the sector on earnings (29.8x P/E vs. 27.7x median) with a lower return on equity (13.7% vs. 14.1%) and slower revenue growth (3.7% vs. 4.9%).
P/E vs sector
29.8x
median 27.7x
ROE vs sector
13.7%
median 14.1%
Growth vs sector
3.7%
median 4.9%
Sector rank
#9
of 26 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Materials companies by sub-industry and size. Sector median is across all 26 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$35.51 – $59.19
vs. $283.11 today · expected CAGR -34% – -27%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $12.52B | $13.02B | $13.54B | $14.08B | $14.65B |
| Net income | $375.56M | $390.59M | $406.21M | $422.46M | $439.36M |
| EPS | $1.69 | $1.75 | $1.82 | $1.90 | $1.97 |
| Share price (low) | $30.36 | $31.57 | $32.84 | $34.15 | $35.51 |
| Share price (high) | $50.60 | $52.62 | $54.73 | $56.91 | $59.19 |
| CAGR (low–high) | -89% / -82% | -67% / -57% | -51% / -42% | -41% / -33% | -34% / -27% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for APD:
- High net margins (16.9%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~5.9%) funds buybacks and dividends.
- Pays a 2.6% dividend on top of any price gains.
The case against APD:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 1.2x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Air Products is a large-cap materials business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 29.8x earnings, which our model scores Neutral (55/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.