Air Products & Chemicals, Inc. APD 64.87
Materials · NYSE · Data as of 2026-07-30
Air Products & Chemicals, Inc. (APD) has delivered +6.2% annualized revenue growth, n/a earnings growth, and +9.9% dividend growth over 10 years of data. Ranked #406 of 1968 stocks overall and #28 of 153 in the Materials sector by Steady Score.
About Air Products & Chemicals, Inc.
Company Overview
Air Products and Chemicals, Inc. is a global industrial gases company that supplies atmospheric and process gases, equipment, and related services. Its products include oxygen, nitrogen, argon, hydrogen, helium, and specialty gases used in refining, chemicals, metals, electronics, manufacturing, healthcare, and food applications. The company designs and operates large on-site plants, serves regional customers through pipelines, and distributes liquid or packaged gases to smaller users.
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Business Model & Revenue
Air Products earns revenue through long-term on-site supply contracts, pipeline networks, merchant liquid deliveries, packaged gases, and sales of cryogenic and gas-processing equipment. Major plants are capital intensive and frequently supported by contracts containing fixed charges and cost pass-through provisions. Dense local networks improve asset utilization and delivery economics. Returns depend on project execution, plant reliability, energy and feedstock costs, customer volumes, pricing, and disciplined investment in new capacity.
Key Facts & Market Position
The company's installed base, engineering knowledge, and regional distribution infrastructure create meaningful barriers to entry. Hydrogen is an important product across refining and prospective lower-carbon applications, alongside the core atmospheric-gases franchise. Large projects can expand future cash flow but also introduce construction, financing, counterparty, and technology risk. Industrial activity, currencies, regulation, and energy policy influence results.