Wall Street analyst estimates for Air Products and Chemicals, Inc. (APD): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Operating globally, Air Products and Chemicals, Inc. (APD) is a prominent supplier of industrial gases, specialized equipment, and associated services. The company's diverse product range includes atmospheric gases such as oxygen, nitrogen, and argon, as well as various process gases like hydrogen, helium, carbon dioxide, carbon monoxide, and syngas. They also provide a selection of specialty gases.
Consensus price target
$340.27 (+8 % vs price $316.43)
between $305.00 and $373.00 · 8 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $12.8B | $12.4B – $12.9B | $13.45 | 12 |
| 2027E | $13.5B | $12.5B – $13.8B | $14.45 | 13 |
| 2028E | $14.4B | $13.7B – $15.1B | $15.66 | 5 |
Fiscal year ending in September · figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 22 |
| Hold | 20 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 42 |
| Avg rating (−2 sell to +2 buy) | 0.52 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-05 | $3.61 | ||
| 2026-07-30 | $3.47 | $3.34 | +3.9% |
| 2026-04-30 | $3.20 | $3.06 | +4.6% |
| 2026-01-30 | $3.16 | $3.04 | +3.9% |
| 2025-11-06 | $3.39 | $3.38 | +0.3% |
| 2025-07-31 | $3.09 | $2.99 | +3.3% |
| 2025-05-01 | $2.69 | $2.83 | -4.9% |
| 2025-02-06 | $2.86 | $3.13 | -8.6% |
Valuation Ratios
| Price / Book | 5.00 |
| EV / EBITDA | 19.55 |
| Dividend Yield | 2.32% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.50B | $8.19B | $8.93B | $8.92B | $8.86B | $10.32B | $12.70B | $12.60B | $12.10B | $12.04B |
| Cost of Revenue | $5.18B | $5.75B | $6.19B | $5.98B | $5.86B | $7.19B | $9.34B | $8.83B | $8.17B | $8.26B |
| Gross Profit | $2.33B | $2.43B | $2.74B | $2.94B | $3.00B | $3.14B | $3.36B | $3.77B | $3.93B | $3.78B |
| Research & Development | $71.6M | $57.8M | $64.5M | $72.9M | $83.9M | $93.5M | $102.9M | $105.6M | $100.2M | $96.3M |
| Selling, General & Admin | $683.8M | $713.5M | $760.8M | $750.0M | $742.1M | $828.4M | $900.6M | $957.0M | $942.4M | $906.1M |
| Operating Expenses | $791.3M | $996.1M | $775.1M | $799.0M | $760.6M | $869.1M | $1.02B | $1.27B | -$534.2M | $4.66B |
| Operating Income | $1.54B | $1.44B | $1.97B | $2.14B | $2.24B | $2.28B | $2.34B | $2.49B | $4.47B | -$877.0M |
| EBITDA | $2.52B | $2.40B | $3.12B | $3.51B | $3.72B | $3.97B | $4.22B | $4.42B | $6.49B | $1.34B |
| Interest Expense | $115.2M | $120.6M | $130.5M | $137.0M | $109.3M | $141.8M | $128.0M | $177.5M | $218.8M | $214.0M |
| Pre-tax Income | $1.55B | $1.42B | $2.02B | $2.29B | $2.42B | $2.51B | $2.75B | $2.88B | $4.82B | -$440.7M |
| Income Tax | $432.6M | $260.9M | $524.3M | $480.1M | $478.4M | $462.8M | $500.8M | $551.2M | $944.9M | -$94.3M |
| Net Income | $631.1M | $3.00B | $1.50B | $1.76B | $1.89B | $2.10B | $2.26B | $2.30B | $3.83B | -$394.5M |
| EPS | $2.92 | $13.76 | $6.83 | $7.99 | $8.59 | $9.16 | $10.11 | $10.31 | $17.21 | $-1.77 |
| EPS (Diluted) | $2.89 | $13.65 | $6.78 | $7.94 | $8.55 | $9.12 | $10.08 | $10.30 | $17.18 | $-1.77 |
| Shares Outstanding (Diluted) | 218.3 M | 219.8 M | 220.8 M | 221.6 M | 222.3 M | 222.5 M | 222.5 M | 222.7 M | 222.8 M | 222.9 M |
Price
| Price | $316.43 (closing price, October 30, 2026) |
| Market Cap | $70.5B |
| Exchange | NYSE |
| Country | US |
Related companies: LIN · ECL · 0L5V.L · 0IFA.L · SHW · 0HBH.L · 0QPS.L · 0Z4C.L
Explore sector: Basic Materials · Chemicals - Specialty
More sections of APD: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks