Score Your Stock

US stock · figures in US dollars · scored on full-year results

Air Products Air Products and Chemicals, Inc. Common Stock

APD · Basic Materials · Specialty Chemicals
Bottom 1% of scored stocks
WeakBottom 1% of scored stocks
Weak SpotRecent Loss

Air Products scores 18/100 on fundamentals: in the bottom 1% of 503 scored S&P 500 stocks. Its strongest area is Cash & Dividends (38/100); its weakest is Price Fairness (0/100). It carries 2 warning flags: Weak Spot, Recent Loss.

Best
Cash 38
Weakest
Price 0
  • Carries a Weak Spot flag
  • Carries a Recent Loss flag

A financially stretched, expensively priced stock, but price fairness needs attention.

What looks good
What to watch
Mkt capUS$ 70.0b#185 of 503 in the S&P 500EPSUS$ -0.21P/En/m (loss-making)P/B5.1×✗ vs sector median 3×Div yield2%✓ Top 30% in the S&P 50052w range · 99% of range229.11315.73
as of 31 Oct 2026

Nearby peers

Ranks #19 of 19 in Basic Materials by score

#1CF Industries75#15Vulcan Materials40#16Dow30#17LyondellBasell30#18Mosaic22
#19Air Products18

One-Minute Summary

Why Air Products scores 18

A financially stretched, expensively priced stock, but price fairness needs attention.

What looks good
What to watch

Business Strength

10
Why 10?
Pillar score: (0 + 1 + 0 + 0 + 0) = 1 of 10 points → 10
Return on Equity (ROE)-0%Weak4-Year Revenue Growth+0%/yrOkay4-Year Profit Growthn/m (loss-making)WeakNet Profit Marginn/m (loss-making)WeakQuarterly Momentumn/m (loss-making)Weak
Show 3 charts

Net Profit & Equity, with ROE

Net Profit ↓ -102.1%Equity → -3%ROE % -0.3%
Net ProfitEquityROE %
2.3b3.8b-394m-47m14.3b17.0b15.0b13.9b202320242025TTM16.1%22.5%-2.6%-0.3%

Revenue & Net Profit, with Net Margin

Revenue → +0%Net Profit ↓ -102.1%Net Margin % -0.4%
RevenueNet ProfitNet Margin %
12.6b12.1b12.0b12.6b2.3b3.8b-394m-47m202320242025TTM18.3%31.6%-3.3%-0.4%

Sales have been roughly flat for 4 years: the business isn't really growing, just maintaining.

The company lost money in recent years: the bars below zero are losses, not profits.

Recent Quarters: Revenue & Net Profit (the last 8 quarters, scored)

Revenue → -0.8%Net Profit ↓ -173.9%Net Margin % -45.6%
RevenueNet ProfitNet Margin %
3.2b2.9b2.9b3.0b3.2b3.1b3.2b3.2b1.9b617m-1.7b714m5m678m710m-1.4bQ3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'2661.2%21.1%-59.3%23.6%0.2%21.9%22.4%-45.6%
▲▬▼▬▼▲▲▼

Sales have stayed roughly flat over the last 8 quarters.

The company made a loss in at least one of the last 8 quarters: the bars below zero are losses, not profits.

Why 17?
Pillar score: (0 + 1 + 0) = 1 of 6 points → 17
Debt-to-Equity1.3×WeakCurrent Ratio1.1×OkayInterest Coverage0.6×Weak
Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↑ +64.6%Equity → -3%D/E 1.3×
Total DebtEquityD/E
11.0b15.0b18.4b18.2b14.3b17.0b15.0b13.9b202320242025TTM0.8×0.9×1.2×1.3×

Borrowings grew about 64.6% over 4 years: watch this; rising debt adds pressure in bad times.

Short-term assets vs bills, with Current Ratio

Current Assets ↓ -4.6%Current Liabilities ↑ +17.4%Current Ratio 1.1×
Current AssetsCurrent LiabilitiesCurrent Ratio
5.2b6.4b5.8b5.0b3.9b4.2b4.2b4.6b202320242025TTM1.3×1.5×1.4×1.1×
Why 38?
Pillar score: (0 + 2 + 0 + 1) = 3 of 8 points → 38
Dividend Quality2%Weak
Payout ratio: -3,379%
Operating Cash FlowPositive & growingStrongFree Cash FlowNegative recentlyWeakCash & Cash EquivalentsPartly healthyOkay
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↑ +42.6%Free CF ↑ +78.8%
Operating CFFree CF
3.2b3.6b3.3b4.6b-1.4b-3.1b-3.8b-301m202320242025TTM

The business generates real cash, and more of it each year: a very healthy sign.

Cash vs Total Debt

Cash ↓ -39.4%Short-Term Debt → +2.5%Total Debt ↑ +64.6%
CashShort-Term DebtTotal Debt
1.6b3.0b1.9b981m875m695m751m896m11.0b15.0b18.4b18.2b202320242025TTM

Dividends per Share, with Yield

DPS (cents) ↑ +4.8%Yield % 2.3%
DPS (cents)Yield %
162175175177177177177181181687529712720202320242025TTM2.6%2.2%2.5%2.3%

Dividends were cut during this period: payouts here are not guaranteed pocket money.

Why 0?
Pillar score: (0 + 0 + 0) = 0 of 6 points → 0
P/E Ration/m (loss-making)WeakP/B Ratio5.1×WeakPEG Ration/m (growth not measurable)Weak
Show chart

Share Price: Weekly Closes (not part of the score)

US$ 316.43US$ 275.09US$ 233.75Oct '25Feb '26Jun '26Oct '26

The share price is up about 33.9% over the past year.

Why 25?
Pillar score: (0 + 0 + 2 + 1 + 0 + 0) = 3 of 12 points → 25
Earnings ConsistencyVery bumpyWeakDebt Trend (4yr)RisingWeakShare Count Trend (4yr)+0%/yrStrongInventory vs Sales (4yr)+4.9 pp/yr vs salesOkayAsset Turnover Trend (4yr)-20.9%WeakQuarterly ConsistencyLoss in 2 of 8 quartersWeak
Show chart

Revenue vs Inventory, with Inventory % of Revenue

Revenue → +0%Inventory ↑ +15.3%Inv. % of Rev. 6%
RevenueInventoryInv. % of Rev.
12.6b12.1b12.0b12.6b652m766m777m752m202320242025TTM5.2%6.3%6.5%6%
Ranks #19 of 19 in Basic Materials by score

Sector peers

#1CF Industries75#15Vulcan Materials40#16Dow30#17LyondellBasell30#18Mosaic22
#19Air Products (you)18

Full Financial History

Every reported figure behind the score, year by year. Download it, or check it against the company's own annual report.

Financial YearRevenueNet ProfitOperating Cash FlowFree Cash FlowCapExCashTotal DebtShort-Term DebtEquityCurrent AssetsCurrent LiabilitiesTotal AssetsTotal LiabilitiesInventoryDividendsReturn on Equity (ROE)Net Profit MarginDebt-to-EquityCurrent RatioInterest CoverageDividend Payout RatioDiv yieldP/E RatioP/B RatioPEG Ratio
2026US$ 12.6bUS$ -47.3mUS$ 4.6bUS$ -301.4mUS$ -4.9bUS$ 980.5mUS$ 18.2bUS$ 896.2mUS$ 13.9bUS$ 5.0bUS$ 4.6bUS$ 40.4bUS$ 23.8bUS$ 751.6mUS$ 720.0m0%0%1.3×1.1×0.6×-3379%----
2025US$ 12.0bUS$ -394.5mUS$ 3.3bUS$ -3.8bUS$ -7.0bUS$ 1.9bUS$ 18.4bUS$ 751.0mUS$ 15.0bUS$ 5.8bUS$ 4.2bUS$ 41.1bUS$ 23.7bUS$ 776.5mUS$ 712.0m-3%-3%1.2×1.4×-1.1×-402%3%-149.2×3.9×-
2024US$ 12.1bUS$ 3.8bUS$ 3.6bUS$ -3.1bUS$ -6.8bUS$ 3.0bUS$ 15.0bUS$ 694.9mUS$ 17.0bUS$ 6.4bUS$ 4.2bUS$ 39.6bUS$ 20.9bUS$ 766.0mUS$ 529.0m22%32%0.9×1.5×23.0×41%2%15.8×3.5×0.7
2023US$ 12.6bUS$ 2.3bUS$ 3.2bUS$ -1.4bUS$ -4.6bUS$ 1.6bUS$ 11.0bUS$ 874.5mUS$ 14.3bUS$ 5.2bUS$ 3.9bUS$ 32.0bUS$ 16.3bUS$ 651.8mUS$ 687.0m16%18%0.8×1.3×17.2×65%3%25.3×4.1×3.7