NYSE: APD
Air Products and Chemicals, Inc.
Basic Materials · Chemicals - Specialty
Market Cap
$62.86B
52w High
$307.96
52w Low
$229.11
P/E
29.84
Volume
633.28K
Outstanding Shares
222.68M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 0.36% over the last year. Revenue grew 3.69% over the trailing twelve months. Operating margin moved from 12.29% to 18.41%. Free cash flow grew 125.57% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 18.41%. A decisive move in revenue — currently up 3.69% — would be the clearest signal to resolve the ambiguity.
Company profile
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide.
Valuation
Stock splits
Every 1000 shares became 1081
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 50 shares became 51
Every 1 shares became 2
Every 50 shares became 51
Every 1000 shares became 1019
Profitability & growth
Analyst consensus
23
Buy
19
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est $3.35 · Revenue est $3.19B
View
Dividends
$7.20/shareQuarterlyDividend Aristocrat · 42yrEx-div Jul 1, 2026 · in 27dAt RiskAPD pays a dividend with a 2.55% declared yield, 42 consecutive years of growth, growing at 4.86% annually, covered -2.4× by free cash flow.
Declared Yield
2.55%
Annual Div / Share
$7.20
5yr CAGR
+4.86%
Doubles every ~14.6yr
Payout Ratio
75.63%
At Risk
Dividend Growth Rate
3yr CAGR
+2.23%
5yr CAGR
+4.86%
10yr CAGR
+8.83%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$3/mo
In 10 yrs
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$26/yr $2/mo | $32/yr+27% $3/mo | $41/yr+61% $3/mo |
Yield-on-cost grows from 2.55% → 4.1% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
APD has raised its dividend for 42 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -2.38× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.