Air Products and Chemicals, Inc. (APD) Stock Price & Analysis
Air Products and Chemicals, Inc. (APD) closed at USD 308.22 on Thursday, October 22, 2026, up 1.84% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 302.66; the Oct 22, 2026 session ranged USD 302.28–308.32 on volume of 843,471 shares. Market capitalization is $68.64B, with a 52-week range of USD 229.11–314.87 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/APD.md
Key facts (APD)
- Last four reported quarters (through Jun 30, 2026): revenue $12.6B, net income -$47.3M (-0.4% margin), free cash flow -$301M (SEC filings).
- 7 of 80 tracked superinvestors hold APD (13F, Q2 2026): 0 new, 5 added, 2 reduced, 0 unchanged.
- Analysts: Buy (mean 2.17 on a 1–5 scale) (23 analysts), mean target USD 342.55 (range 305–373).
- Total return with dividends: 1Y +24.1% vs S&P 500 +14.9%; 5Y +20.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 3.61, revenue estimate $3.34B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (APD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $10.3B | $12.7B | $12.6B | $12.1B | $12.0B | $12.6B |
| Gross profit | $3.14B | $3.36B | $3.77B | $3.93B | $3.78B | — |
| Operating income | $2.28B | $2.34B | $2.49B | $4.47B | -$877M | -$593M |
| Net income | $2.10B | $2.26B | $2.30B | $3.83B | -$395M | -$47.3M |
| EPS (diluted) | $9.43 | $10.14 | $10.33 | $17.18 | -$1.77 | — |
| Free cash flow | $871M | $244M | -$1.42B | -$3.15B | -$3.77B | -$301M |
| Gross margin | 30.4% | 26.5% | 29.9% | 32.5% | 31.4% | — |
| Operating margin | 22.1% | 18.4% | 19.8% | 36.9% | -7.3% | -4.7% |
| Net margin | 20.3% | 17.8% | 18.3% | 31.6% | -3.3% | -0.4% |
| Revenue growth | +16.6% | +23.0% | -0.8% | -4.0% | -0.5% | — |
| Cash + short-term investments | $5.80B | $3.30B | $1.95B | $2.98B | $1.86B | — |
| Total debt | $7.63B | $7.63B | $10.0B | $14.1B | $17.7B | — |
Fiscal years end Sep. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (APD)
P/S 5.5x · P/B 4.9x · FCF yield -0.44% · Earnings yield -0.07% · Dividend yield (paid, TTM) 2.33%
P/E at fiscal year-ends: Sep 2024 17.3x, Sep 2023 27.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (APD)
7 of 80 tracked investors hold APD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Viking Global | Viking Global Investors | 3.96% | $1.39B | Added +15.5% |
| AKO Capital | 3.78% | $162M | Added +137.1% | |
| Dodge & Cox Funds | Dodge & Cox | 1.44% | $2.75B | Added +1.8% |
| Hillman Capital | Hillman Capital Management | 0.28% | $383K | Reduced -2.5% |
| Thomas Gayner | Markel Group | 0.20% | $25.9M | Added +17.2% |
| Jensen Investment Management | 0.04% | $1.6M | Reduced -28.6% | |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $13K | Added +164.7% |
Analysts (APD)
Consensus Buy (mean 2.17 on a 1–5 scale), 23 analysts; mean target USD 342.55 (low 305, high 373).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | RBC Capital | Target lowered | Outperform | $360 → $346 |
| 2026-10-13 | Barclays | Initiated | Overweight | $353 |
| 2026-10-07 | Citigroup | Target lowered | Neutral | $330 → $312 |
| 2026-10-05 | UBS | Target lowered | Neutral | $336 → $305 |
| 2026-09-11 | Keybanc | Initiated | Sector Weight | |
| 2026-09-09 | Argus Research | Target raised | Buy | $316 → $329 |
| 2026-08-06 | RBC Capital | Target raised | Outperform | $358 → $360 |
| 2026-07-31 | UBS | Target raised | Neutral | $330 → $336 |
| 2026-07-31 | Citigroup | Target raised | Neutral | $315 → $330 |
| 2026-07-31 | Mizuho | Target raised | Outperform | $345 → $355 |
| 2026-07-31 | Wells Fargo | Target raised | Overweight | $340 → $350 |
| 2026-07-17 | Bernstein | Target raised | Outperform | $344 → $345 |
Total return (dividends reinvested) (APD)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +24.1% | +20.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +24.2% | +3.7% |
| Volatility (annualized) | 26.4% | 26.3% |
| Max drawdown | -12.4% (Jul 2026→Oct 2026) | -28.9% (Nov 2021→Mar 2022) |
APD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $3.61 | $3.51 | +2.7% | $3.34B | 19 |
| Next quarter (ends Dec 2026) | $3.48 | $3.45 | +1.0% | $3.33B | 10 |
| Current fiscal year (ends Sep 2026) | $13.45 | $13.22 | +1.7% | $12.77B | 23 |
| Next fiscal year (ends Sep 2027) | $14.45 | $14.29 | +1.1% | $13.50B | 23 |
APD options: expected move
Options price a move of about ±6.7% (±$20.75) by Nov 20, 2026, which includes earnings on Nov 5, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 29.7% | ±6.7% |
| Dec 18, 2026 | 56 | 26.8% | ±8.5% |
| Jan 15, 2027 | 84 | 24.9% | ±9.7% |
| Mar 19, 2027 | 147 | 25.9% | ±13.2% |
| Jun 17, 2027 | 237 | 26.3% | ±16.9% |
| Sep 17, 2027 | 329 | 26.6% | ±20.0% |
30-day implied volatility 29.1% vs 19.1% realized over the last 30 trading days. Put/call ratio (volume) 0.14. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 308.22 |
|---|---|
| Change | ▲ 1.84% (up) |
| Previous Close | USD 302.66 |
| Open | USD 302.86 |
| Day Range | USD 302.28 – 308.32 |
| 52-Week Range | USD 229.11 – 314.87 |
| Volume | 843,471 shares |
| Market Cap | $68.64B |
| Exchange | NYQ |
Technical Analysis (APD)
Nexqual's technical model rates APD "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 69.54 (neutral) |
| vs SMA50 | Above (USD 293.6) |
| MACD | 3.83 (positive) |
Analyst Ratings (APD)
Wall Street analysts rate APD "Buy" based on 23 analysts, with a mean price target of USD 342.55 (range USD 305–373), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 23 |
| Mean Target | USD 342.55 |
| High Target | USD 373 |
| Low Target | USD 305 |
| Buy / Hold / Sell | 15 / 8 / 0 |
Earnings (APD)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 3.61 |
| Revenue Estimate | $3.34B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 3.47 vs est 3.34 ▲ beat |
| 2026-03-31 | USD 3.2 vs est 3.06 ▲ beat |
| 2025-12-31 | USD 3.16 vs est 3.04 ▲ beat |
| 2025-09-30 | USD 3.39 vs est 3.38 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (APD)
| Total Revenue | $12.60B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +4.60% |
| Gross Margin | +32.06% |
| Operating Margin | +25.54% |
| Profit Margin | -0.38% |
| ROE | +0.02% |
| Debt / Equity | 1.1 |
| Current Ratio | 1.09 |
| Total Cash | $1.00B |
| Total Debt | $18.27B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$301.40M (-2.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (APD)
Nexqual rates Air Products and Chemicals, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Weak — Revenue -1% YoY (annual), declining |
|---|---|
| Profitability | Solid — Gross margin 32%, operating 26% (last 12 months) |
| Balance Sheet | Mixed — $1.86B cash and investments vs $17.7B debt (Sep 2025, SEC) |
| Cash Flow | Weak — FCF negative: -$301M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Weak — ROE 0%, ROA 4.7% |
Ownership (APD)
| Insider Ownership | +1.89% |
|---|---|
| Institutional Ownership | +93.04% |
| Shares Outstanding | 222.69M |
| Float | 222.37M |
| Short % of Float | +2.32% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (APD)
Air Products and Chemicals, Inc. is led by Eduardo F. Menezes, CEO & Director, per Nexqual as of October 23, 2026 at 09:26 UTC.
| CEO & Director | Eduardo F. Menezes |
|---|---|
| Executive VP & CFO | Melissa Narewski Schaeffer |
| President of Americas, Helium & Rare Gases | Francesco Maione |
| Vice President of Investor Relations | Megan Britt |
| President of Europe & Africa | Ivo Bols |
Major Backers & Investors (APD)
Notable institutional backers of Air Products and Chemicals, Inc. include State Farm Mutual Automobile Insurance Co, Capital Group, Capital International Investors, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| State Farm Mutual Automobile Insurance Co | 5.32% |
| Capital Group | 4.76% |
| Capital International Investors | 4.3% |
| Dodge & Cox Inc. | 4.22% |
| WASHINGTON MUTUAL INVESTORS FUND | 2.42% |
| JPMorgan | 2.36% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.5% |
| BlackRock | 8.23% |
| State Street | 4.61% |
| Geode Capital | 2.25% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ECL | Ecolab Inc. | USD 292.3 | ▲ 1.46% |
| SHW | Sherwin-Williams Company (The) | USD 345.63 | ▲ 2.48% |
| PPG | PPG Industries, Inc. | USD 113.09 | ▲ 2.65% |
| IFF | International Flavors & Fragran | USD 93.83 | ▲ 3.08% |
| LYB | LyondellBasell Industries NV | USD 65.37 | ▲ 3.32% |
| LIN | Linde plc | USD 510.36 | ▲ 1.96% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
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