APD
Air ProductsPrevious close
316.43
Change
+4.68 / +1.50%
Market Cap
$70.0B
1M
+13.73%
S&P 500 −0.91% over same period
Volume / Avg Volume
1.3M / 935K
1.40× average
Latest earnings analysisFY2026 Q3Reported 2026-07-30
Air Products Q3 FY26: $9.92/share of exits hides a $3.47 adjusted EPS beat
Air Products' fiscal 2026 third quarter looks catastrophic on a GAAP basis and healthy underneath: a $1.4408 billion net loss and a $6.47 loss per share, caused by $2.9 billion of pre-tax charges for exiting the Louisiana clean energy complex, Casa Grande hydrogen and smaller projects. Adjusted EPS of $3.47 beat the $3.3772 consensus. The real question is whether the slimmed-down project pipeline now converts into steadier cash.
Read the full analysis →Revenue$3.16BYoY +4.60%
EPS (non-GAAP)$3.47Beatest. $3.38
Next-day move−1.77%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q3 Quarter ended 2026-06 | 2026-07-30 | $3.2B | Read analysis → |
| FY2026 Q2 Quarter ended 2026-03 | 2026-04-30 | $3.2B | Pending |
| FY2026 Q1 Quarter ended 2025-12 | 2026-01-30 | $3.1B | Pending |
| FY2025 Q4 Quarter ended 2025-09 | 2025-11-06 | $12.0B | Pending |
| FY2025 Q3 Quarter ended 2025-06 | 2025-07-31 | $3.0B | Pending |
| FY2025 Q2 Quarter ended 2025-03 | 2025-05-01 | $2.9B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
A 5-year P/E range needs a longer earnings record; not yet comparable
Last 4 quarters: $0 in buybacks + $1.6B in dividends, 2.28% of market cap combined
P/E (TTM)
—
P/B
5.1
P/S
5.6
Dividend Yield
2.55%
Earnings Reaction
Over the last 6 reports, the stock moved ±1.2% on average on the first trading day after, rising 3 times
Most recent −1.77%
Volatility & Correlation
1-year beta 0.05 · Correlation with S&P 500 0.02Low beta
Annualized volatility 26% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 3.16 | +4.6% | 32.8% | -1.44 | -6.47 |
| FY2026 Q2 | 3.17 | +8.8% | 31.1% | 0.71 | 3.19 |
| FY2026 Q1 | 3.10 | +5.8% | 32.1% | 0.68 | 3.04 |
| FY2025 Q4 | 3.17 | −0.6% | 32.3% | 0.00 | 0.03 |
| FY2025 Q3 | 3.02 | +1.2% | 32.5% | 0.71 | 3.20 |
| FY2025 Q2 | 2.92 | −0.5% | 29.6% | -1.73 | -7.77 |
| FY2025 Q1 | 2.93 | −2.2% | 31.2% | 0.62 | 2.77 |
| FY2024 Q4 | 3.19 | −0.1% | 34.0% | 1.95 | 8.75 |
| FY2024 Q3 | 2.99 | −1.6% | 32.8% | 0.70 | 3.13 |
| FY2024 Q2 | 2.93 | −8.4% | 32.0% | 0.57 | 2.57 |
| FY2024 Q1 | 3.00 | −5.6% | 31.0% | 0.61 | 2.73 |
| FY2023 Q4 | 3.19 | −10.6% | 30.8% | 0.69 | 3.12 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| APD | — | +4.6% | 32.8% | +13.73% | Neutral |
| LIN | 32.0 | +9.2% | — | +8.34% | Bullish |
| NEM | 12.5 | +15.2% | — | −7.57% | Bullish |
| FCX | 30.5 | −8.1% | 30.0% | −10.76% | Bullish |
| ECL | 41.0 | +12.7% | 44.1% | +10.34% | Bullish |
| SHW | 29.9 | +7.9% | 47.8% | +2.89% | Bullish |
| NUE | 17.1 | +23.0% | 19.6% | +17.16% | Bullish |
| CRH | 15.6 | +3.0% | 38.8% | +9.67% | Bullish |
| MLM | 15.5 | +21.0% | 25.4% | +12.63% | Neutral |