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Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.1 billion in revenue in fiscal 2024.
1961
23K+
LTM Revenue $12.1B
LTM EBITDA $5.1B
$73.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Air Products & Chemicals has a last 12-month revenue of $12.1B and a last 12-month EBITDA of $5.1B.
In the most recent fiscal year, Air Products & Chemicals achieved revenue of $12.1B and an EBITDA of $6.5B.
Air Products & Chemicals expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Air Products & Chemicals valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $12.6B | $12.1B | XXX | XXX | XXX |
| Gross Profit | $3.4B | $3.8B | XXX | XXX | XXX |
| Gross Margin | 27% | 31% | XXX | XXX | XXX |
| EBITDA | $4.4B | $6.5B | XXX | XXX | XXX |
| EBITDA Margin | 35% | 54% | XXX | XXX | XXX |
| Net Profit | $2.3B | $2.3B | XXX | XXX | XXX |
| Net Margin | 18% | 19% | XXX | XXX | XXX |
| Net Debt | $4.9B | $8.7B | XXX | XXX | XXX |
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As of April 15, 2025, Air Products & Chemicals's stock price is $273.
Air Products & Chemicals has current market cap of $60.6B, and EV of $73.8B.
See Air Products & Chemicals trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $73.8B | $60.6B | XXX | XXX | XXX | XXX | $12.50 |
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Sign UpAs of April 15, 2025, Air Products & Chemicals has market cap of $60.6B and EV of $73.8B.
Air Products & Chemicals's trades at 6.1x LTM EV/Revenue multiple, and 14.4x LTM EBITDA.
Analysts estimate Air Products & Chemicals's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Air Products & Chemicals and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $73.8B | XXX | XXX | XXX |
| EV/Revenue | 6.1x | XXX | XXX | XXX |
| EV/EBITDA | 12.0x | XXX | XXX | XXX |
| P/E | 17.0x | XXX | XXX | XXX |
| P/E/Growth | -2.9x | XXX | XXX | XXX |
| EV/FCF | -28.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpAir Products & Chemicals's NTM/LTM revenue growth is 3%
Air Products & Chemicals's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $43K for the same period.
Over next 12 months, Air Products & Chemicals's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Air Products & Chemicals's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Air Products & Chemicals and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -4% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 47% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 54% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $43K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 8% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Borouge | XXX | XXX | XXX | XXX | XXX | XXX |
| Fertiglobe | XXX | XXX | XXX | XXX | XXX | XXX |
| Akzo Nobel | XXX | XXX | XXX | XXX | XXX | XXX |
| Avantium | XXX | XXX | XXX | XXX | XXX | XXX |
| DSM Firmenich | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Air Products & Chemicals acquired XXX companies to date.
Last acquisition by Air Products & Chemicals was XXXXXXXX, XXXXX XXXXX XXXXXX . Air Products & Chemicals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Air Products & Chemicals founded? | Air Products & Chemicals was founded in 1961. |
| Where is Air Products & Chemicals headquartered? | Air Products & Chemicals is headquartered in United States of America. |
| How many employees does Air Products & Chemicals have? | As of today, Air Products & Chemicals has 23K+ employees. |
| Who is the CEO of Air Products & Chemicals? | Air Products & Chemicals's CEO is Mr. Eduardo F. Menezes. |
| Is Air Products & Chemicals publicy listed? | Yes, Air Products & Chemicals is a public company listed on NYS. |
| What is the stock symbol of Air Products & Chemicals? | Air Products & Chemicals trades under APD ticker. |
| When did Air Products & Chemicals go public? | Air Products & Chemicals went public in 1961. |
| Who are competitors of Air Products & Chemicals? | Similar companies to Air Products & Chemicals include e.g. Borouge, Fertiglobe, Akzo Nobel, Avantium. |
| What is the current market cap of Air Products & Chemicals? | Air Products & Chemicals's current market cap is $60.6B |
| What is the current revenue of Air Products & Chemicals? | Air Products & Chemicals's last 12-month revenue is $12.1B. |
| What is the current EBITDA of Air Products & Chemicals? | Air Products & Chemicals's last 12-month EBITDA is $5.1B. |
| What is the current EV/Revenue multiple of Air Products & Chemicals? | Current revenue multiple of Air Products & Chemicals is 6.1x. |
| What is the current EV/EBITDA multiple of Air Products & Chemicals? | Current EBITDA multiple of Air Products & Chemicals is 14.4x. |
| What is the current revenue growth of Air Products & Chemicals? | Air Products & Chemicals revenue growth between 2023 and 2024 was -4%. |
| Is Air Products & Chemicals profitable? | Yes, Air Products & Chemicals is EBITDA-positive (as of the last 12 months). |
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