APD
Air Products and Chemicals, Inc.
APD lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
APD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
APD's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
APD PE Valuation
APD has no meaningful PE right now: it lost money over the past year.
APD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for APD, with profitability improving.
APD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $14.38 | — |
| Q2 2026 | -$0.21 | -103% |
| Q1 2026 | $9.46 | +38% |
| Q4 2025 | -$1.50 | -109% |
| Q3 2025 | -$1.77 | -110% |
| Q2 2025 | $6.95 | -40% |
| Q1 2025 | $6.88 | -38% |
| Q4 2024 | $17.22 | +64% |
| Q3 2024 | $17.18 | +66% |
APD has swung to a loss: it lost $0.21 per share over the past year, after a profit the year before.
APD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.2B | +4.6% |
| Q1 2026 | $3.2B | +8.8% |
| Q4 2025 | $3.1B | +5.8% |
| Q3 2025 | $3.2B | -0.6% |
| Q2 2025 | $3B | +1.2% |
| Q1 2025 | $2.9B | -0.5% |
| Q4 2024 | $2.9B | -2.2% |
| Q3 2024 | $3.2B | -0.1% |
APD's revenue has picked up after three years of holding roughly level: $3.2B last quarter, up 4.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -66% | -93 points |
| Q1 2026 | 24% | +104 points |
| Q4 2025 | 24% | +1.7 points |
| Q3 2025 | 0.5% | -76 points |
| Q2 2025 | 26% | +1.4 points |
| Q1 2025 | -80% | -102 points |
| Q4 2024 | 22% | -0.3 points |
| Q3 2024 | 76% | +53 points |
APD's operating margin was −66% last quarter, down 93 points from the same quarter a year ago, near the bottom of its range since 2019.
APD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $309.5M | +$949.5M |
| Q1 2026 | -$3.9M | +$1.6B |
| Q4 2025 | -$350.5M | +$955.4M |
| Q3 2025 | -$256.5M | +$861.7M |
| Q2 2025 | -$640M | -$294.8M |
| Q1 2025 | -$1.6B | -$695.7M |
| Q4 2024 | -$1.3B | -$487M |
| Q3 2024 | -$1.1B | -$657.6M |
APD has burned cash in seven of the last eight quarters: −$301M over the past year, against −$4.6B the year before.
APD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -100K shares |
| 1 year | 0% | -100K shares |
| 3 years | 0% | -- |
| 5 years | +0.1% | +300K shares |
| Available history | +0.3% | +700K shares |
APD has 223M diluted shares, about the same as a year ago.
APD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.6x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | -0.1x | Net Cash |
| Q3 2024 | -0.4x | Net Cash |
APD has more cash than debt.
APD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.0 | Neutral |
| Stochastic | 84.0 | Overbought |
APD's weekly RSI is 60 (neutral) and its Stochastic is 84 (overbought).
APD PE vs Basic Materials Sector
| Metric | APD | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 19x | — |
APD has no meaningful PE right now: it lost money over the past year.
APD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $298.1 | 6.1% above |
| 20 week MA | $299.5 | 5.6% above |
| 50 week MA | $286.3 | 10% above |
| 100 week MA | $285.5 | 11% above |
| 200 week MA | $281.9 | 12% above |
APD is in an uptrend: it's above all five of its weekly moving averages, and 12% above its 200-week average.
APD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $235.5 | $268.4 | +14% |
| 2021 | $268.4 | $299.5 | +12% |
| 2022 | $299.5 | $312.0 | +4.2% |
| 2023 | $312.0 | $273.8 | -12% |
| 2024 | $273.8 | $292.8 | +6.9% |
| 2025 | $292.8 | $247.4 | -16% |
| 2026 YTD | $247.4 | $316.2 | +28% |
APD has finished higher in four of the last six years. It's up 28% so far in 2026.