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

TLDR: Quick Comparison Summary

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

View Metrics Details

Vital Metrics Comparison

Metric PPG Industries Inc. Air Products and Chemicals Inc. Better
P/E Ratio (TTM) 16.03 33.65 PPG Industries Inc.
Price-to-Book Ratio 3.12 4.39 PPG Industries Inc.
Debt-to-Equity Ratio 97.59 101.99 PPG Industries Inc.
PEG Ratio -0.08 3.45 Air Products and Chemicals Inc.
EV/EBITDA 11.55 102.61 PPG Industries Inc.
Profit Margin (TTM) 9.93% -2.73% PPG Industries Inc.
Operating Margin (TTM) 11.11% 24.28% Air Products and Chemicals Inc.
EBITDA Margin (TTM) 11.11% 24.28% Air Products and Chemicals Inc.
Return on Equity 21.08% -1.67% PPG Industries Inc.
Return on Assets (TTM) 6.39% -1.11% PPG Industries Inc.
Free Cash Flow (TTM) $1.16B $-3.77B PPG Industries Inc.
Dividend Yield 2.24% 2.86% Air Products and Chemicals Inc.
1-Year Return 1.97% -0.10% PPG Industries Inc.
Price-to-Sales Ratio (TTM) 1.56 5.54 PPG Industries Inc.
Enterprise Value $30.63B $87.20B Air Products and Chemicals Inc.
EV/Revenue Ratio 1.93 7.14 PPG Industries Inc.
Gross Profit Margin (TTM) 40.83% 32.07% PPG Industries Inc.
Revenue per Share (TTM) $70 $55 PPG Industries Inc.
Earnings per Share (Diluted) $6.92 $-1.46 PPG Industries Inc.
Beta (Stock Volatility) 1.16 0.81 Air Products and Chemicals Inc.
Short % of Float 3.72% 2.00% Air Products and Chemicals Inc.

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

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
PPG Industries Inc.-1.98%3.72%9.16%-4.69%13.33%8.87%
Air Products and Chemicals Inc.1.07%-3.56%-6.39%1.03%8.77%11.51%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
PPG Industries Inc.1.97%-19.06%-38.04%4.93%166.02%246.56%
Air Products and Chemicals Inc.-0.10%-0.86%-8.58%110.25%236.05%353.63%

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

MetricPPGAPD
Market Information
Market Cap i$24.68B$67.61B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i2,274,649937,817
90 Day Avg. Volume i2,248,1731,266,102
Last Close$111.39$282.27
52 Week Range$93.39 - $133.43$229.11 - $307.96
% from 52W High-16.52%-8.34%
All-Time High$182.97 (Jun 07, 2021)$341.14 (Feb 03, 2025)
% from All-Time High-39.12%-17.26%
Growth Metrics
Quarterly Revenue Growth0.05%0.06%
Quarterly Earnings Growth0.81%0.10%
Financial Health
Profit Margin (TTM) i0.10%-0.03%
Operating Margin (TTM) i0.11%0.24%
Return on Equity (TTM) i0.21%-0.02%
Debt to Equity (MRQ) i97.59101.99
Cash & Liquidity
Book Value per Share (MRQ)$35.54$69.22
Cash per Share (MRQ)$9.93$4.64
Operating Cash Flow (TTM) i$1.94B$3.35B
Levered Free Cash Flow (TTM) i$538.88M$-6,148,412,416
Dividends
Last 12-Month Dividend Yield i2.24%2.86%
Last 12-Month Dividend i$2.81$7.16

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

MetricPPG (Apr 24, 2026)APD (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i16.0333.65
Forward P/E i12.9221.50
PEG Ratio i-0.083.45
Price to Sales (TTM) i1.565.54
Price to Book (MRQ) i3.124.39
Market Capitalization
Market Capitalization i$24.68B$67.61B
Enterprise Value i$30.63B$87.20B
Enterprise Value Metrics
Enterprise to Revenue i1.937.14
Enterprise to EBITDA i11.55102.61
Risk & Other Metrics
Beta i1.160.81
Book Value per Share (MRQ) i$35.54$69.22

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

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricPPG (2025)APD (2025)
Revenue/Sales i15.88B12.04B
Cost of Goods Sold i9.32B8.26B
COGS % of Revenue i58.7%68.6%
Gross Profit i6.56B3.78B
Gross Margin i41.3%31.4%
Research & Development i423.00M96.30M
Operating Income (EBIT) i2.17B2.89B
Operating Margin i13.7%24.0%
EBITDA i2.81B5.10B
EBITDA Margin i17.7%42.4%
Pre-Tax Income i2.05B-440.70M
Pre-Tax Income % of Revenue i12.9%-3.7%
Income Tax i458.00M-94.30M
Income Tax % of Revenue i2.9%-0.8%
Net Income (Profit) i1.59B-354.40M
Profit Margin i10.0%-2.9%

Balance Sheet & Liquidity Metrics

MetricPPG (2025)APD (2025)
Cash & Equivalents i2.16B1.86B
Total Current Assets i7.96B5.83B
Total Current Assets % of Revenue i50.1%48.4%
Total Current Liabilities i4.90B4.22B
Total Current Liabilities % of Revenue i30.9%35.0%
Long-Term Debt i7.05B17.56B
Long-Term Debt % of Revenue i44.4%145.9%
Total Shareholders Equity i8.10B17.35B
Retained Earnings i22.94B17.56B
Retained Earnings % of Revenue i144.5%145.9%
Property, Plant & Equipment i2.07B944.00M

Cash Flow Statement Comparison

MetricPPG (2025)APD (2025)
Operating Cash Flow i2.02B137.30M
Operating Cash Flow % of Revenue i12.7%1.1%
Capital Expenditures iN/A-7.02B
Free Cash Flow i1.16B-3.77B
FCF Margin i7.3%-31.3%
Debt Repayment i-1.04B-429.90M
Common Stock Repurchase i-790.00MN/A

Short Interest & Institutional Ownership Analysis

MetricPPGAPD
Shares Short i7.25M4.36M
Short Ratio i3.013.04
Short % of Float i3.72%2.00%
Shares Outstanding i223.43M222.66M
Float Shares i222.98M222.30M
% Held by Insiders i0.14%1.89%
% Held by Institutions i91.57%93.98%
% Held by Public i8.29%4.13%

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

MetricPPGAPD
Last 12-Month Dividend i$2.81$7.16
Last 12-Month Dividend Yield i2.24%2.86%
3-Year Avg Annual Dividend i$2.69$7.08
3-Year Avg Dividend Yield i0.55%0.65%
3-Year Total Dividends i$8.07$21.24
Ex-Dividend DateFeb 20, 2026Jan 02, 2026