Quality score · APD · Materials

Is Air Products & Chemicals Inc a quality business?

Air Products & Chemicals Inc (APD) scored on five pillars from its reported financial statements, and ranked against 77 Materials companies.

1.7/ 10
Low quality
as of October 19, 2026
Profitability
0.8 Weak
Solvency
2.2 Weak
Growth
—
Efficiency
1.5 Weak
Predictability
2.4 Weak
Strongest pillar: Predictability · Weakest: Profitability

Air Products & Chemicals Inc (APD) scores 1.7 out of 10 as of , computed from its reported financial statements. That reads as low quality. The reading rests on predictability, and profitability is what holds it back.

One pillar, growth, is unscored because the filings behind it carry too little to judge. It is shown as a dash rather than a zero, and the overall score is the weighted average of what could be scored.

Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.

Does Air Products & Chemicals Inc have an economic moat?

Not enough data

We cannot judge Air Products & Chemicals Inc yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.

Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →

How Air Products & Chemicals Inc scores

As of October 19, 2026, Air Products & Chemicals Inc scores 1.7 out of 10 on the Lemma Quality Score, a reading of low quality. Scores this low usually reflect thin margins, a stretched balance sheet or an erratic record, and the pillars below show which. Nothing in it comes from the share price or from forecasts: it is Air Products & Chemicals Inc’s own reported numbers, scored pillar by pillar.

Among the 77 Materials companies with a published score, that ranks at the 3rd percentile, near the foot of the group. For reference, the middle of the group scores 4.4 and a company needs 6.2 to reach its top quarter, which leaves Air Products & Chemicals Inc well below the median.

Pillar by pillar

Profitability

Profitability scores 0.8 out of 10, which reads as weak. The median across 74 Materials companies is 4.4, so Air Products & Chemicals Inc is well below its peers on this pillar and ranks at the 16th percentile. Weak profitability means the business converts less of its sales and capital into profit than its peers, which can come from thin pricing power, high costs or a temporary squeeze.

Solvency

On solvency, Air Products & Chemicals Inc scores 2.2, a weak reading. Its peers have a median of 6.7 across 66 Materials companies, which places it well below them, at the 6th percentile. A low reading here is a question about resilience: how long the company could keep paying its obligations if earnings dropped.

Growth

Growth has no score for Air Products & Chemicals Inc. Fewer than half of the pillar’s metric weight could be computed from the reported statements, so it is drawn as a dash and left out of the overall rather than counted as a zero. For context, the median growth score across 57 Materials companies is 3.2. Growth needs at least three years of comparable annual statements, so a short or interrupted history leaves it blank.

Efficiency

Air Products & Chemicals Inc’s efficiency score is 1.5 out of 10 (weak). Against a median of 5.2 among 71 Materials companies, that is well below the group and the 6th percentile. Weak efficiency means more capital is tied up to produce each unit of output, or less of reported profit is arriving as cash.

Predictability

Predictability scores 2.4 out of 10, which reads as weak. The median across 76 Materials companies is 4.5, so Air Products & Chemicals Inc is well below its peers on this pillar and ranks at the 18th percentile. A low predictability score often belongs to cyclical businesses, where good and bad years alternate with the economy or with commodity prices.

Strongest and weakest pillar

Predictability at 2.4 is Air Products & Chemicals Inc’s best pillar and profitability at 0.8 its weakest. The 1.6 point gap between them is worth keeping in mind when reading the overall. Leading with predictability suits a steady compounder, even if the other pillars are less striking. Weak profitability can be cyclical, so it helps to know whether margins are at a low point or a long-run level.

What would move the score

The pillar with the most room to move the score is profitability. If it rose to the median of Materials companies, 4.4, Air Products & Chemicals Inc’s overall score would go from 1.7 to about 2.8. With one pillar unscored, the overall rests on 80 of the 100 weight points, spread across the four pillars that could be measured (the full set is profitability 25, solvency 20, growth 20, efficiency 15, predictability 20).

Air Products & Chemicals Inc and similar companies

For a fair comparison, start with companies of a similar size: the Materials companies below are nearest to Air Products & Chemicals Inc by market value, each scored on the same pillars.

What each pillar measures

Profitability

0.8 / 10

How much profit the company generates from its capital and sales.

Solvency

2.2 / 10

The company’s ability to service debt and meet its obligations.

Growth

—

How fast revenue, earnings and cash flow are compounding.

Efficiency

1.5 / 10

How well assets and earnings convert into cash and output.

Predictability

2.4 / 10

How stable and consistent results have been over time.

How this score is calculated

Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.

Limitations

This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.

Educational only. Not investment advice.

FAQ

Is Air Products & Chemicals Inc a quality business?

On this reading Air Products & Chemicals Inc scores 1.7 out of 10, which reads as low quality. Its strongest pillar is predictability, its weakest is profitability. Quality is not the same as a good investment: the score says nothing about the price you would pay.

How does Air Products & Chemicals Inc compare with other Materials companies?

Air Products & Chemicals Inc ranks at the 3rd percentile of the 77 Materials companies Lemma publishes a score for. The median there is 4.4 and the top quarter starts at 6.2, against Air Products & Chemicals Inc’s 1.7.

What does the APD quality score measure?

Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.

How current is this score?

This page last changed on October 19, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for APD are in the app.

Does a high score mean the stock is cheap?

No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.

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Inside Lemma Analysis the same five pillars run on every company we cover, with the metrics behind each one, current fundamentals, a DCF you control and a watchlist that tells you when the price catches up.

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