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APD

Neutral signalScored 2026-10-06 Drivers: Congress, fundamentals. Insiders: neutral. Moteurs : Congrès, fondamentaux. Initiés : neutre.

Research, not advice.

À propos

Air Products and Chemicals, Inc.

Nom
Air Products and Chemicals, Inc.
Secteur
Basic Materials
Industrie
Chemicals - Specialty
Bourse
NYSE
Capitalisation
$68.4B
Employés
21,194
PDG
Eduardo F. Menezes
Site web
https://www.airproducts.com
Marché
AIQUYLIN

Operating globally, Air Products and Chemicals, Inc. (APD) is a prominent supplier of industrial gases, specialized equipment, and associated services. The company's diverse product range includes atmospheric gases such as oxygen, nitrogen, and argon, as well as various process gases like hydrogen, helium, carbon dioxide, carbon monoxide, and syngas. They also provide a selection of specialty gases. APD is involved in the fabrication of crucial machinery for gas production and handling, including air separation units and non-cryogenic generators. These products and services cater to a broad spectrum of industries, including but not limited to refining, chemical processing, gasification, metals production, general manufacturing, food and beverage, electronics, medical imaging, and energy generation. Moreover, the company's capabilities extend to designing and manufacturing advanced systems for air separation, hydrocarbon recovery and purification, the liquefaction of natural gas, and the secure transportation and storage of liquid helium and hydrogen. APD also engages in a strategic partnership with Baker Hughes Company to further innovate hydrogen compression systems. The firm was established in 1940 and is based in Allentown, Pennsylvania.

Price (1 year)

Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.

Decouvert par les declarations du Congres

Insiders
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Total bought
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Avg buy (VWAP, 90d window) —

Total sold
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Avg sell (VWAP, 90d window) —

Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.

Last activity
—
Last synced
2026-10-06 10:56:08 Synced via automated research pipeline

Sign in to request a sync of this company's price history and timing levels.

Insider holdings as a share of total assets aren't available for this company.

Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.

Recent Form 4

Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.

No Form 4 filings for this company in this window.

Congressional trades

STOCK Act disclosures (90-day window)

Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.

Date Member Side Amount range Filing
2026-09-04 Ro Khanna Buy $1,001 - $15,000 Filing

Recent trades

DateRepresentativeTypeAmount
2026-07-30Rich McCormickSale$1,001 - $15,000
2026-06-05Ro KhannaSale$15,001 - $50,000
2026-04-13Ro KhannaPurchase$1,001 - $15,000
2026-03-05Josh S. GottheimerPurchase$1,001 - $15,000
2026-01-29Ro KhannaSale$1,001 - $15,000
2026-01-13Ro KhannaPurchase$1,001 - $15,000
2025-12-18Julie JohnsonSale (Full)$1,001 - $15,000
2025-12-08Josh S. GottheimerSale (Partial)$15,001 - $50,000
2025-11-13Julie JohnsonSale (Partial)$1,001 - $15,000
2025-11-05Rich McCormickPurchase$1,001 - $15,000
2025-10-07Ro KhannaSale$1,001 - $15,000
2025-09-29Ro KhannaSale$1,001 - $15,000
2025-09-25Lisa C. McClainSale (Full)$1,001 - $15,000
2025-08-14Julie JohnsonSale (Partial)$1,001 - $15,000
2025-08-04Lisa C. McClainPurchase$1,001 - $15,000
2025-08-04Ro KhannaPurchase$1,001 - $15,000
2025-06-06Ro KhannaPurchase$15,001 - $50,000
2025-05-15Robert P. BresnahanPurchase$1,001 - $15,000
2025-04-09Josh S. GottheimerSale (Partial)$1,001 - $15,000
2025-03-31Jefferson ShreveSale (Full)$15,001 - $50,000
2025-03-18Sheri BiggsSale (Full)$15,001 - $50,000
2025-03-07Josh S. GottheimerSale (Partial)$1,001 - $15,000
2025-02-24Jefferson ShrevePurchase$15,001 - $50,000
2024-09-04John JamesSale (Full)$1,001 - $15,000
2024-08-30Josh S. GottheimerSale (Partial)$1,001 - $15,000
2024-08-07Scott FranklinPurchase$1,001 - $15,000
2024-08-07Scott FranklinPurchase$50,001 - $100,000
2024-08-02Scott FranklinPurchase$1,001 - $15,000
2024-07-02Kathy E. ManningSale (Partial)$1,001 - $15,000
2024-06-21Josh S. GottheimerSale (Partial)$1,001 - $15,000
2024-06-03John JamesPurchase$1,001 - $15,000
2024-05-29John JamesPurchase$1,001 - $15,000
2024-03-25Ro KhannaPurchase$1,001 - $15,000
2024-03-20Ro KhannaPurchase$1,001 - $15,000
2024-02-13Ro KhannaSale$1,001 - $15,000
2024-02-13Ro KhannaSale$1,001 - $15,000
2024-02-01Jared MoskowitzSale (Full)$1,001 - $15,000
2024-02-01Jared MoskowitzSale (Full)$1,001 - $15,000
2024-01-18Josh S. GottheimerPurchase$1,001 - $15,000
2024-01-10Ro KhannaPurchase$15,001 - $50,000
2024-01-10Ro KhannaPurchase$1,001 - $15,000
2023-11-03Ro KhannaPurchase$1,001 - $15,000
2023-10-31Ro KhannaSale$1,001 - $15,000
2023-10-02Ro KhannaSale$1,001 - $15,000
2023-08-29Ro KhannaSale$1,001 - $15,000
2023-06-29Ro KhannaPurchase$1,001 - $15,000
2023-05-23Ro KhannaSale$1,001 - $15,000
2023-03-15Rich McCormickPurchase$1,001 - $15,000
2022-12-01Ro KhannaSale$15,001 - $50,000
2022-12-01Ro KhannaSale$15,001 - $50,000
2022-11-03Ro KhannaPurchase$1,001 - $15,000
2022-09-06Ro KhannaPurchase$1,001 - $15,000
2022-08-23Ro KhannaPurchase$15,001 - $50,000
2022-08-01Ro KhannaPurchase$1,001 - $15,000
2022-07-27Kathy E. ManningPurchase$1,001 - $15,000
2022-07-27Kathy E. ManningPurchase$1,001 - $15,000
2022-07-19Ro KhannaSale$1,001 - $15,000
2022-06-17Ro KhannaPurchase$1,001 - $15,000
2022-06-16Ro KhannaSale$1,001 - $15,000
2022-05-10Ro KhannaSale$1,001 - $15,000
2022-04-21Ro KhannaPurchase$1,001 - $15,000
2022-04-19Josh S. GottheimerPurchase$1,001 - $15,000
2022-04-11Ro KhannaPurchase$1,001 - $15,000
2022-04-06Ro KhannaSale$15,001 - $50,000
2022-04-06Ro KhannaSale$15,001 - $50,000
2022-03-15Josh S. GottheimerSale (Partial)$1,001 - $15,000
2022-03-14Earl BlumenauerSale (Full)$1,001 - $15,000
2022-03-10Earl BlumenauerPurchase$15,001 - $50,000
2022-03-10Earl BlumenauerPurchase$1,001 - $15,000
2022-03-08Kurt SchraderSale$1,001 - $15,000
2022-03-08Kurt SchraderSale (Full)$1,001 - $15,000
2022-02-24Ro KhannaPurchase$1,001 - $15,000
2022-02-24Ro KhannaPurchase$1,001 - $15,000
2022-02-17Ro KhannaSale$15,001 - $50,000
2022-02-16Ro KhannaPurchase$15,001 - $50,000
2022-02-16Ro KhannaPurchase$15,001 - $50,000
2022-02-14Ro KhannaSale$1,001 - $15,000
2022-01-20Ro KhannaPurchase$1,001 - $15,000
2022-01-11Ro KhannaPurchase$1,001 - $15,000
2021-12-28Robert C. ScottSale (Full)$1,001 - $15,000
2021-12-06Josh S. GottheimerPurchase$1,001 - $15,000
2021-02-16Kurt SchraderSale (Full)$1,001 - $15,000
2021-02-09Josh S. GottheimerSale (Partial)$1,001 - $15,000
2021-01-28Peter MeijerSale (Full)$1,001 - $15,000
2021-01-20Kurt SchraderPurchase$1,001 - $15,000
2021-01-15Kathy E. ManningPurchase$15,001 - $50,000
2021-01-15Kathy E. ManningPurchase$1,001 - $15,000
2020-11-25Kurt SchraderPurchase$1,001 - $15,000
2020-07-01John YarmuthSale (Partial)$1,001 - $15,000
2020-06-20Kurt SchraderPurchase$1,001 - $15,000
2020-05-29John YarmuthPurchase$1,001 - $15,000
2020-03-09Alan LowenthalSale (Full)$50,001 - $100,000
2020-03-09Alan LowenthalSale (Full)$15,001 - $50,000
2020-02-20Mikie SherrillSale (Full)$1,001 - $15,000
2020-02-05Josh S. GottheimerPurchase$1,001 - $15,000
2020-02-04Josh S. GottheimerPurchase$1,001 - $15,000
2020-02-03Josh S. GottheimerPurchase$1,001 - $15,000
2019-10-02Alan LowenthalSale (Full)$1,001 - $15,000
2019-09-12Josh S. GottheimerPurchase$1,001 - $15,000
2019-05-02Josh S. GottheimerPurchase$1,001 - $15,000

Signal

Neutral signalScored 2026-10-06 Drivers: Congress, fundamentals. Insiders: neutral. Moteurs : Congrès, fondamentaux. Initiés : neutre.

APD presents a deeply concerning financial profile with negative margins, unsustainable capex ratios, and a debt-to-EBITDA of 12.37x, making any bullish catalyst highly unreliable.

The first sentence of the analysis written for APD on 2026-10-06 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.

Neutral signal Drivers: Congress, fundamentals. Insiders: neutral. Moteurs : Congrès, fondamentaux. Initiés : neutre.

Factor checklist — research, not advice

A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.

  • Insider Unavailable or mixed. No open-market purchase or sale value stored
  • Congress Supports a bullish reading. 3 purchase disclosures year to date
  • Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
  • Timing Unavailable or mixed. No stored price series
  • Financial indicators Pulls against a bullish reading. Current ratio 1.38 · operating margin -7.3%

Market snapshot

Financial ratios

MetricTrend2025-09-302024-09-302023-09-302022-09-302021-09-30
Gross Profit Margin31.4%32.5%29.9%26.5%30.4%
Ebit Margin-1.9%41.7%24.3%22.7%25.7%
Ebitda Margin11.1%53.6%35.1%33.2%38.5%
Operating Profit Margin-7.3%36.9%19.8%18.4%22.1%
Pretax Profit Margin-3.7%39.8%22.9%21.7%24.3%
Continuous Operations Profit Margin-2.9%32.0%18.5%17.7%19.8%
Net Profit Margin-3.3%31.6%18.3%17.8%20.3%
Bottom Line Profit Margin-3.3%31.6%18.3%17.7%19.7%
Current Ratio1.3811.5221.3351.8132.992
Quick Ratio1.1971.3391.1681.6642.830
Solvency Ratio0.0490.2530.2240.2660.268
Cash Ratio0.4400.7130.4150.7821.597
Price To Earnings Ratio-154.07917.30027.48823.02027.960
Price To Earnings Growth Ratio1.3970.25913.8952.2204.214
Forward Price To Earnings Growth Ratio1.3970.25913.8952.2204.214
Price To Earnings Diluted Ratio-154.07917.33127.51523.08828.082
Price To Earnings Diluted Growth Ratio1.3970.25912.6072.1934.212
Price To Book Ratio4.0443.8894.4023.9314.192
Price To Sales Ratio5.0485.4755.0004.0695.498
Price To Free Cash Flow Ratio-16.135-21.031-44.363170.12264.662
Price To Operating Cash Flow Ratio18.65718.16619.64915.99516.983
Debt To Assets Ratio0.4480.3790.3450.3060.306
Debt To Equity Ratio1.2250.8810.7710.6340.607
Debt To Capital Ratio0.5510.4680.4350.3880.378
Long Term Debt To Capital Ratio0.5300.4430.3970.3500.346
Financial Leverage Ratio2.7332.3232.2362.0691.984
Working Capital Turnover Ratio6.3516.9386.1143.0261.743
Operating Cash Flow Ratio0.7720.8720.8230.9321.194
Operating Cash Flow Sales Ratio0.2710.3010.2540.2540.324
Free Cash Flow Operating Cash Flow Ratio-1.156-0.864-0.4430.0940.263
Debt Service Coverage Ratio1.3556.0703.6765.4155.579
Interest Coverage Ratio-4.09820.41214.05418.27216.089
Short Term Operating Cash Flow Coverage Ratio3.8645.2483.6665.7796.864
Operating Cash Flow Coverage Ratio0.1770.2430.2910.3880.407
Capital Expenditure Coverage Ratio0.4640.5370.6931.1041.356
Dividend Paid And Capex Coverage Ratio0.3780.4360.5240.7500.898
Dividend Payout Ratio-4.0150.4090.6510.6130.599
Enterprise Value Multiple57.80412.05916.39013.57115.238

Sparkline shows each ratio oldest → newest (left → right).

How the latest year compares

For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower

MetricCurrentvs 1Y agovs 5Y avg
Gross Profit Margin 31.4% ▼-1.1% ▲1.3%
Ebit Margin -1.9% ▼-43.5% ▼-24.4%
Ebitda Margin 11.1% ▼-42.5% ▼-23.2%
Operating Profit Margin -7.3% ▼-44.2% ▼-25.3%
Pretax Profit Margin -3.7% ▼-43.5% ▼-24.7%
Continuous Operations Profit Margin -2.9% ▼-34.9% ▼-19.9%
Net Profit Margin -3.3% ▼-34.9% ▼-20.2%
Bottom Line Profit Margin -3.3% ▼-34.9% ▼-20.1%
Current Ratio 1.381 ▼-0.141 ▼-0.428
Quick Ratio 1.197 ▼-0.142 ▼-0.443
Solvency Ratio 0.049 ▼-0.203 ▼-0.163
Cash Ratio 0.440 ▼-0.273 ▼-0.349
Price To Earnings Ratio -154.079 ▼-171.380 ▼-142.417
Price To Earnings Growth Ratio 1.397 ▲1.139 ▼-3.000
Forward Price To Earnings Growth Ratio 1.397 ▲1.139 ▼-3.000
Price To Earnings Diluted Ratio -154.079 ▼-171.410 ▼-142.466
Price To Earnings Diluted Growth Ratio 1.397 ▲1.137 ▼-2.737
Price To Book Ratio 4.044 ▲0.155 ▼-0.047
Price To Sales Ratio 5.048 ▼-0.427 ▲0.030
Price To Free Cash Flow Ratio -16.135 ▲4.896 ▼-46.786
Price To Operating Cash Flow Ratio 18.657 ▲0.491 ▲0.767
Debt To Assets Ratio 0.448 ▲0.069 ▲0.091
Debt To Equity Ratio 1.225 ▲0.344 ▲0.402
Debt To Capital Ratio 0.551 ▲0.082 ▲0.107
Long Term Debt To Capital Ratio 0.530 ▲0.087 ▲0.117
Financial Leverage Ratio 2.733 ▲0.410 ▲0.464
Working Capital Turnover Ratio 6.351 ▼-0.587 ▲1.517
Operating Cash Flow Ratio 0.772 ▼-0.101 ▼-0.147
Operating Cash Flow Sales Ratio 0.271 ▼-0.031 ▼-0.010
Free Cash Flow Operating Cash Flow Ratio -1.156 ▼-0.292 ▼-0.735
Debt Service Coverage Ratio 1.355 ▼-4.715 ▼-3.064
Interest Coverage Ratio -4.098 ▼-24.510 ▼-17.044
Short Term Operating Cash Flow Coverage Ratio 3.864 ▼-1.383 ▼-1.220
Operating Cash Flow Coverage Ratio 0.177 ▼-0.066 ▼-0.124
Capital Expenditure Coverage Ratio 0.464 ▼-0.073 ▼-0.367
Dividend Paid And Capex Coverage Ratio 0.378 ▼-0.058 ▼-0.219
Dividend Payout Ratio -4.016 ▼-4.424 ▼-3.667
Enterprise Value Multiple 57.803 ▲45.745 ▲34.791

Key metrics

MetricTrend20252024202320222021
Market cap$60.76B$66.25B$63.00B$51.67B$56.75B
Enterprise value$77.31B$78.27B$72.41B$57.28B$60.50B
EV / Sales6.42x6.47x5.75x4.51x5.86x
EV / Op. cash flow23.74x21.46x22.59x17.73x18.11x
EV / Free cash flow-20.53x-24.85x-50.99x188.61x68.94x
EV / EBITDA57.80x12.06x16.39x13.57x15.24x
Net debt / EBITDA12.37x1.85x2.13x1.33x0.94x
Current ratio1.38x1.52x1.33x1.81x2.99x
Income quality664.65x0.95x1.40x1.44x1.65x
Graham number—$172$122$116$114
Graham net-net-$88-$71-$56-$38-$25
Tax burden89.5%79.4%79.8%81.9%83.7%
Interest burden194.4%95.7%94.2%95.6%94.6%
Working capital$1.61B$2.18B$1.30B$2.82B$5.58B
Invested capital$29.15B$27.82B$20.95B$18.84B$20.73B
Return on assets-1.0%9.7%7.2%8.3%7.8%
Operating ROA-2.2%12.5%8.4%8.7%8.8%
Return on tangible assets-1.0%10.0%7.5%8.7%8.2%
Return on equity-2.6%22.5%16.1%17.2%15.5%
Return on invested capital-1.8%9.9%6.9%7.9%7.6%
Return on capital employed-2.4%12.6%8.9%9.9%9.5%
Earnings yield-0.6%5.8%3.7%4.4%3.7%
Free cash flow yield-6.2%-4.8%-2.3%0.6%1.5%
Capex / Op. cash flow215.6%186.4%144.3%90.6%73.7%
Capex / Depreciation449.0%468.4%340.6%218.7%186.5%
Capex / Sales58.3%56.2%36.7%23.0%23.9%
SG&A / Sales7.5%7.8%7.6%7.1%8.0%
R&D / Sales0.8%0.8%0.8%0.8%0.9%
Stock comp / Sales0.6%0.5%0.5%0.4%0.4%
Intangibles / Total assets3.1%3.1%3.7%4.3%5.0%
Days sales outstanding76d65d63d59d59d
Days payables outstanding64d65d50d44d37d
Operating cycle111d100d90d79d82d
Cash conversion cycle47d35d39d35d44d

Change by theme

Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.

Change over 1 year

Valuation
Market cap ▼-8.3%EV / Sales ▼-0.7%EV / EBITDA ▲+379.4%EV / Op. cash flow ▲+2.274Earnings yield ▼-0.064
Profitability
Return on equity ▼-0.251Return on assets ▼-0.106Return on invested capital ▼-0.117Return on capital employed ▼-0.150Operating ROA ▼-0.147Income quality ▲+663.704Tax burden ▲+0.101
Efficiency
Days sales outstanding ▲+10.817Days payables outstanding ▼-1.331Operating cycle ▲+10.920Cash conversion cycle ▲+12.251Capex / Sales ▲+0.022R&D / Sales -0.000
Balance-sheet strength
Current ratio ▼-0.141Net debt / EBITDA ▲+10.521Working capital ▼-576200000.000Invested capital ▲+1327700000.000Intangibles / Total assets -0.000

Change over 5 years

Valuation
Market cap ▲+7.1%EV / Sales ▲+9.6%EV / EBITDA ▲+279.3%EV / Op. cash flow ▲+5.634Earnings yield ▼-0.043
Profitability
Return on equity ▼-0.181Return on assets ▼-0.088Return on invested capital ▼-0.094Return on capital employed ▼-0.119Operating ROA ▼-0.109Income quality ▲+663.006Tax burden ▲+0.058
Efficiency
Days sales outstanding ▲+17.697Days payables outstanding ▲+26.106Operating cycle ▲+28.972Cash conversion cycle ▲+2.866Capex / Sales ▲+0.345R&D / Sales ▼-0.001
Balance-sheet strength
Current ratio ▼-1.612Net debt / EBITDA ▲+11.429Working capital ▼-3970000000.000Invested capital ▲+8416200000.000Intangibles / Total assets ▼-0.019

Employee count

Peer market caps

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