Air Products and Chemicals, Inc. (APD)
Air Products is a global giant that supplies essential industrial gases like oxygen, nitrogen, and hydrogen to factories and energy projects worldwide.
Is Air Products and Chemicals, Inc. a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Essential business model with long-term, stable contracts. Worth weighing: High capital costs required for new energy infrastructure.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Share price divided by the earnings actually reported over the four most recent quarters. The range is the same calculation at each of this company's last few results, so roughly the past year.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does Air Products and Chemicals, Inc. do?
Think of Air Products as the invisible backbone of industry; they pipe gases into steel mills, refineries, and food processing plants. They make money through long-term contracts that act like a steady utility bill for their customers. One area to follow closely is their massive investment in 'green hydrogen' projects, which aims to turn them into a leader in the clean energy transition.
On our factor screen it looks strongest on momentum and income, and weakest on quality.
- ✓Pays a dividend - about 2.4% a year
- ✓Growing - revenue up about 5% over the year
- —
- Value screens low
- Quality screens low
- Growth screens low
Does Air Products and Chemicals, Inc. pay a dividend?
Yes - Air Products and Chemicals, Inc. currently pays a dividend of about 2.4% a year, which is £24 a year for every £1,000 invested (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it. An ISA doesn't shelter the US tax on this one →
What do the numbers say about Air Products and Chemicals, Inc.'s dividend?
There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.
Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.
Most recent ex-dividend date: 1 Jul 2026. To receive a dividend you must already own the shares before the ex-dividend date; become a holder on or after it and the previous owner keeps that payment. Why the price usually falls that morning →
Does Air Products and Chemicals, Inc. have more cash or more debt?
It holds about $1.00B in cash against about $18.27B of debt - so it has net debt of about $17.27B. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.
From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.
What do Air Products and Chemicals, Inc.'s numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
Over about 2 years to 2026-09-11. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has Air Products and Chemicals, Inc. actually fallen?
Over the last 2 years of daily prices, Air Products and Chemicals, Inc. fell as much as −32% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Who owns Air Products and Chemicals, Inc.?
About 94% of Air Products and Chemicals, Inc., or about 94 in every 100 shares, is held by big institutions such as pension and index funds, and company insiders hold about 2%. The rest, roughly 4%, is held by the public and smaller investors.
What this does and doesn't tell you
This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does Air Products and Chemicals, Inc. make?
Revenue and profit by quarter, and how much of each sale turns into profit.
When does Air Products and Chemicals, Inc. report earnings, and how did recent quarters go?
Air Products and Chemicals, Inc. is next scheduled to report on about 2026-11-05 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-07-30 | $3.34 | $3.47 | Beat +4% |
| 2026-04-30 | $3.06 | $3.20 | Beat +5% |
| 2026-01-30 | $3.04 | $3.16 | Beat +4% |
| 2025-11-06 | $3.38 | $3.39 | In line |
| 2025-07-31 | $2.99 | $3.09 | Beat +3% |
| 2025-05-01 | $2.83 | $2.69 | Missed -5% |
Across the last 6 quarters here, Air Products and Chemicals, Inc. came in ahead of what analysts expected 4 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for Air Products and Chemicals, Inc.?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
Hydrogen becomes a dominant fuel source, cementing the company's market lead.
Technological shifts make their hydrogen strategy less relevant or profitable.
What are the pros and cons of Air Products and Chemicals, Inc.?
A balance check, not a score or verdict.
- Essential business model with long-term, stable contracts
- Strong position in the growing clean energy and hydrogen market
- Consistent history of paying dividends to shareholders
- High capital costs required for new energy infrastructure
- Exposure to cyclical: A business whose sales and profits rise and fall with the wider economy - booming in good times, sinking in downturns. Miners, carmakers and banks are classic examples. industrial sectors that can slow down
- Valuation is relatively high compared to some traditional industrial peers
- Significant execution risk on large-scale, complex hydrogen projects
- Regulatory changes affecting energy subsidies or environmental standards
- Rising interest rates increasing the cost of funding massive projects
The write-up's own warning lights — if these start happening, the case above changes.
- A major pivot away from hydrogen investment
- A sustained, multi-year decline in global industrial gas demand
Common questions about Air Products and Chemicals, Inc.
Does Air Products and Chemicals, Inc. pay a dividend?
Yes - Air Products and Chemicals, Inc. currently pays a dividend of about 2.4% a year. Dividends are a share of profit paid to holders; the yield moves with the price and payouts can be cut.
When does Air Products and Chemicals, Inc. report earnings next?
Air Products and Chemicals, Inc. is next scheduled to report results on about 2026-11-05. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
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Dow Inc.Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.