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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 $12.0B
LTM EBITDA $5.0B
$77.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Air Products has a last 12-month revenue (LTM) of $12.0B and a last 12-month EBITDA of $5.0B.
In the most recent fiscal year, Air Products achieved revenue of $12.1B and an EBITDA of $6.5B.
Air Products expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Air Products valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $12.0B | XXX | $12.1B | XXX | XXX | XXX |
| Gross Profit | $3.8B | XXX | $3.9B | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| EBITDA | $5.0B | XXX | $6.5B | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 54% | XXX | XXX | XXX |
| EBIT | $2.9B | XXX | $2.9B | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $2.7B | XXX | $3.8B | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 32% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $11.2B | XXX | XXX | XXX |
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As of May 30, 2025, Air Products's stock price is $279.
Air Products has current market cap of $62.1B, and EV of $77.0B.
See Air Products trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $77.0B | $62.1B | XXX | XXX | XXX | XXX | $12.18 |
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Start Free TrialAs of May 30, 2025, Air Products has market cap of $62.1B and EV of $77.0B.
Air Products's trades at 6.4x EV/Revenue multiple, and 12.6x EV/EBITDA.
Equity research analysts estimate Air Products's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Air Products has a P/E ratio of 22.9x.
See valuation multiples for Air Products and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $62.1B | XXX | $62.1B | XXX | XXX | XXX |
| EV (current) | $77.0B | XXX | $77.0B | XXX | XXX | XXX |
| EV/Revenue | 6.4x | XXX | 6.4x | XXX | XXX | XXX |
| EV/EBITDA | 15.3x | XXX | 12.6x | XXX | XXX | XXX |
| EV/EBIT | 26.7x | XXX | 26.3x | XXX | XXX | XXX |
| EV/Gross Profit | 20.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 22.9x | XXX | 17.5x | XXX | XXX | XXX |
| EV/FCF | -36.0x | XXX | -26.9x | 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.
Start Free TrialAir Products's last 12 month revenue growth is 3%
Air Products's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $43K for the same period.
Air Products's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Air Products's rule of X is 49% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Air Products and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 51% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | 42% | XXX | 53% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 49% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $43K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 8% | 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 |
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Air Products acquired XXX companies to date.
Last acquisition by Air Products was XXXXXXXX, XXXXX XXXXX XXXXXX . Air Products 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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Start Free Trial| When was Air Products founded? | Air Products was founded in 1961. |
| Where is Air Products headquartered? | Air Products is headquartered in United States of America. |
| How many employees does Air Products have? | As of today, Air Products has 23K+ employees. |
| Who is the CEO of Air Products? | Air Products's CEO is Mr. Eduardo F. Menezes. |
| Is Air Products publicy listed? | Yes, Air Products is a public company listed on NYS. |
| What is the stock symbol of Air Products? | Air Products trades under APD ticker. |
| When did Air Products go public? | Air Products went public in 1961. |
| Who are competitors of Air Products? | Similar companies to Air Products include e.g. Borouge, Fertiglobe, Akzo Nobel, Avantium. |
| What is the current market cap of Air Products? | Air Products's current market cap is $62.1B |
| What is the current revenue of Air Products? | Air Products's last 12 months revenue is $12.0B. |
| What is the current revenue growth of Air Products? | Air Products revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Air Products? | Current revenue multiple of Air Products is 6.4x. |
| Is Air Products profitable? | Yes, Air Products is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Air Products? | Air Products's last 12 months EBITDA is $5.0B. |
| What is Air Products's EBITDA margin? | Air Products's last 12 months EBITDA margin is 42%. |
| What is the current EV/EBITDA multiple of Air Products? | Current EBITDA multiple of Air Products is 15.3x. |
| What is the current FCF of Air Products? | Air Products's last 12 months FCF is -$2.1B. |
| What is Air Products's FCF margin? | Air Products's last 12 months FCF margin is -18%. |
| What is the current EV/FCF multiple of Air Products? | Current FCF multiple of Air Products is -36.0x. |
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