Air Products and [APD] vs PPG Industries [PPG] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Air Products and Chemicals Inc. wins in 7 metrics, PPG Industries Inc. wins in 14 metrics, with 0 ties. PPG Industries Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Air Products and Chemicals Inc. PPG Industries Inc. Better
P/E Ratio (TTM) 33.65 16.03 PPG Industries Inc.
Price-to-Book Ratio 4.39 3.12 PPG Industries Inc.
Debt-to-Equity Ratio 101.99 97.59 PPG Industries Inc.
PEG Ratio 3.45 -0.08 Air Products and Chemicals Inc.
EV/EBITDA 102.61 11.55 PPG Industries Inc.
Profit Margin (TTM) -2.73% 9.93% PPG Industries Inc.
Operating Margin (TTM) 24.28% 11.11% Air Products and Chemicals Inc.
EBITDA Margin (TTM) 24.28% 11.11% Air Products and Chemicals Inc.
Return on Equity -1.67% 21.08% PPG Industries Inc.
Return on Assets (TTM) -1.11% 6.39% PPG Industries Inc.
Free Cash Flow (TTM) $-3.77B $1.16B PPG Industries Inc.
Dividend Yield 2.86% 2.24% Air Products and Chemicals Inc.
1-Year Return 0.45% 12.27% PPG Industries Inc.
Price-to-Sales Ratio (TTM) 5.54 1.56 PPG Industries Inc.
Enterprise Value $87.20B $30.63B Air Products and Chemicals Inc.
EV/Revenue Ratio 7.14 1.93 PPG Industries Inc.
Gross Profit Margin (TTM) 32.07% 40.83% PPG Industries Inc.
Revenue per Share (TTM) $55 $70 PPG Industries Inc.
Earnings per Share (Diluted) $-1.46 $6.92 PPG Industries Inc.
Beta (Stock Volatility) 0.81 1.16 Air Products and Chemicals Inc.
Short % of Float 2.00% 3.72% Air Products and Chemicals Inc.

Air Products and Chemicals Inc. vs PPG Industries Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Air Products and Chemicals Inc.0.48%2.24%-4.20%-2.14%15.49%12.97%
PPG Industries Inc.1.84%7.66%18.40%17.48%17.17%16.46%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Air Products and Chemicals Inc.0.45%-3.94%-3.79%112.43%238.12%386.98%
PPG Industries Inc.12.27%-16.59%-29.01%10.32%181.60%268.67%

Performance & Financial Health Analysis: Air Products and Chemicals Inc. vs PPG Industries Inc.

MetricAPDPPG
Market Information
Market Cap i$67.61B$24.68B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i937,8172,274,649
90 Day Avg. Volume i1,266,1022,248,173
Last Close$282.96$121.53
52 Week Range$229.11 - $307.96$93.39 - $133.43
% from 52W High-8.12%-8.92%
All-Time High$341.14 (Feb 03, 2025)$182.97 (Jun 07, 2021)
% from All-Time High-17.05%-33.58%
Growth Metrics
Quarterly Revenue Growth0.06%0.05%
Quarterly Earnings Growth0.10%0.81%
Financial Health
Profit Margin (TTM) i-0.03%0.10%
Operating Margin (TTM) i0.24%0.11%
Return on Equity (TTM) i-0.02%0.21%
Debt to Equity (MRQ) i101.9997.59
Cash & Liquidity
Book Value per Share (MRQ)$69.22$35.54
Cash per Share (MRQ)$4.64$9.93
Operating Cash Flow (TTM) i$3.35B$1.94B
Levered Free Cash Flow (TTM) i$-6,148,412,416$538.88M
Dividends
Last 12-Month Dividend Yield i2.86%2.24%
Last 12-Month Dividend i$7.16$2.81

Valuation & Enterprise Metrics Analysis: Air Products and Chemicals Inc. vs PPG Industries Inc.

MetricAPD (Apr 24, 2026)PPG (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i33.6516.03
Forward P/E i21.5012.92
PEG Ratio i3.45-0.08
Price to Sales (TTM) i5.541.56
Price to Book (MRQ) i4.393.12
Market Capitalization
Market Capitalization i$67.61B$24.68B
Enterprise Value i$87.20B$30.63B
Enterprise Value Metrics
Enterprise to Revenue i7.141.93
Enterprise to EBITDA i102.6111.55
Risk & Other Metrics
Beta i0.811.16
Book Value per Share (MRQ) i$69.22$35.54

Financial Statements Comparison: Air Products and Chemicals Inc. vs PPG Industries Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricAPD (2025)PPG (2025)
Revenue/Sales i12.04B15.88B
Cost of Goods Sold i8.26B9.32B
COGS % of Revenue i68.6%58.7%
Gross Profit i3.78B6.56B
Gross Margin i31.4%41.3%
Research & Development i96.30M423.00M
Operating Income (EBIT) i2.89B2.17B
Operating Margin i24.0%13.7%
EBITDA i5.10B2.81B
EBITDA Margin i42.4%17.7%
Pre-Tax Income i-440.70M2.05B
Pre-Tax Income % of Revenue i-3.7%12.9%
Income Tax i-94.30M458.00M
Income Tax % of Revenue i-0.8%2.9%
Net Income (Profit) i-354.40M1.59B
Profit Margin i-2.9%10.0%

Balance Sheet & Liquidity Metrics

MetricAPD (2025)PPG (2025)
Cash & Equivalents i1.86B2.16B
Total Current Assets i5.83B7.96B
Total Current Assets % of Revenue i48.4%50.1%
Total Current Liabilities i4.22B4.90B
Total Current Liabilities % of Revenue i35.0%30.9%
Long-Term Debt i17.56B7.05B
Long-Term Debt % of Revenue i145.9%44.4%
Total Shareholders Equity i17.35B8.10B
Retained Earnings i17.56B22.94B
Retained Earnings % of Revenue i145.9%144.5%
Property, Plant & Equipment i944.00M2.07B

Cash Flow Statement Comparison

MetricAPD (2025)PPG (2025)
Operating Cash Flow i137.30M2.02B
Operating Cash Flow % of Revenue i1.1%12.7%
Capital Expenditures i-7.02BN/A
Free Cash Flow i-3.77B1.16B
FCF Margin i-31.3%7.3%
Debt Repayment i-429.90M-1.04B
Common Stock Repurchase iN/A-790.00M

Short Interest & Institutional Ownership Analysis

MetricAPDPPG
Shares Short i4.36M7.25M
Short Ratio i3.043.01
Short % of Float i2.00%3.72%
Shares Outstanding i222.66M223.43M
Float Shares i222.30M222.98M
% Held by Insiders i1.89%0.14%
% Held by Institutions i93.98%91.57%
% Held by Public i4.13%8.29%

Dividend Analysis & Yield Comparison: Air Products and Chemicals Inc. vs PPG Industries Inc.

MetricAPDPPG
Last 12-Month Dividend i$7.16$2.81
Last 12-Month Dividend Yield i2.86%2.24%
3-Year Avg Annual Dividend i$7.08$2.69
3-Year Avg Dividend Yield i0.65%0.55%
3-Year Total Dividends i$21.24$8.07
Ex-Dividend DateJan 02, 2026Feb 20, 2026