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Side-by-side financial comparison of Air Products (APD) and AdvanSix Inc. (ASIX). Click either name above to swap in a different company.
Air Products is the larger business by last-quarter revenue ($3.1B vs $359.9M, roughly 8.6× AdvanSix Inc.). Air Products runs the higher net margin — 21.9% vs -0.8%, a 22.6% gap on every dollar of revenue. On growth, AdvanSix Inc. posted the faster year-over-year revenue change (9.4% vs 5.8%). AdvanSix Inc. produced more free cash flow last quarter ($36.1M vs $-350.5M). Over the past eight quarters, AdvanSix Inc.'s revenue compounded faster (3.4% CAGR vs 2.9%).
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasificati...
AdvanSix Inc. is an American chemical company that produces nylon 6 and related chemicals such as caprolactam and ammonium sulfate fertilizers. It operated as Honeywell's Resins and Chemicals division until 2016, when it was spun off as a separate company. The unit accounted for 3 percent of Honeywell's sales at the time. For 2019, revenue is estimated at $1.4 billion. The company traces its lineage to the H. W. Jayne Company, established 1884 in Frankford, Pennsylvania.
APD vs ASIX — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $359.9M |
| Net Profit | $678.2M | $-2.8M |
| Gross Margin | 32.1% | 7.6% |
| Operating Margin | 23.7% | -0.7% |
| Net Margin | 21.9% | -0.8% |
| Revenue YoY | 5.8% | 9.4% |
| Net Profit YoY | 9.8% | -892.9% |
| EPS (diluted) | $3.04 | $-0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.1B | $359.9M | ||
| Q3 25 | $3.2B | $374.5M | ||
| Q2 25 | $3.0B | $410.0M | ||
| Q1 25 | $2.9B | $377.8M | ||
| Q4 24 | $2.9B | $329.1M | ||
| Q3 24 | $3.2B | $398.2M | ||
| Q2 24 | $3.0B | $453.5M | ||
| Q1 24 | $2.9B | $336.8M |
| Q4 25 | $678.2M | $-2.8M | ||
| Q3 25 | $4.9M | $-2.6M | ||
| Q2 25 | $713.8M | $31.4M | ||
| Q1 25 | $-1.7B | $23.3M | ||
| Q4 24 | $617.4M | $352.0K | ||
| Q3 24 | $1.9B | $22.3M | ||
| Q2 24 | $696.6M | $38.9M | ||
| Q1 24 | $572.4M | $-17.4M |
| Q4 25 | 32.1% | 7.6% | ||
| Q3 25 | 32.3% | 6.8% | ||
| Q2 25 | 32.5% | 14.3% | ||
| Q1 25 | 29.6% | 14.2% | ||
| Q4 24 | 31.2% | 3.4% | ||
| Q3 24 | 34.0% | 14.4% | ||
| Q2 24 | 32.8% | 17.9% | ||
| Q1 24 | 32.0% | 0.9% |
| Q4 25 | 23.7% | -0.7% | ||
| Q3 25 | 0.5% | -0.9% | ||
| Q2 25 | 26.2% | 7.7% | ||
| Q1 25 | -79.8% | 7.7% | ||
| Q4 24 | 22.0% | -3.9% | ||
| Q3 24 | 76.1% | 7.5% | ||
| Q2 24 | 24.7% | 11.5% | ||
| Q1 24 | 21.7% | -7.0% |
| Q4 25 | 21.9% | -0.8% | ||
| Q3 25 | 0.2% | -0.7% | ||
| Q2 25 | 23.6% | 7.7% | ||
| Q1 25 | -59.3% | 6.2% | ||
| Q4 24 | 21.1% | 0.1% | ||
| Q3 24 | 61.2% | 5.6% | ||
| Q2 24 | 23.3% | 8.6% | ||
| Q1 24 | 19.5% | -5.2% |
| Q4 25 | $3.04 | $-0.11 | ||
| Q3 25 | $0.03 | $-0.10 | ||
| Q2 25 | $3.20 | $1.15 | ||
| Q1 25 | $-7.77 | $0.86 | ||
| Q4 24 | $2.77 | $0.02 | ||
| Q3 24 | $8.75 | $0.82 | ||
| Q2 24 | $3.13 | $1.43 | ||
| Q1 24 | $2.57 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $19.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.4B | $815.2M |
| Total Assets | $41.2B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $19.8M | ||
| Q3 25 | $1.9B | $23.7M | ||
| Q2 25 | $2.3B | $18.4M | ||
| Q1 25 | $1.6B | $8.3M | ||
| Q4 24 | $2.0B | $19.6M | ||
| Q3 24 | $3.0B | $17.3M | ||
| Q2 24 | $2.4B | $12.1M | ||
| Q1 24 | $2.6B | $20.6M |
| Q4 25 | $15.4B | $815.2M | ||
| Q3 25 | $15.0B | $818.2M | ||
| Q2 25 | $15.5B | $823.7M | ||
| Q1 25 | $14.7B | $794.4M | ||
| Q4 24 | $16.7B | $774.6M | ||
| Q3 24 | $17.0B | $766.4M | ||
| Q2 24 | $15.1B | $746.6M | ||
| Q1 24 | $14.9B | $713.2M |
| Q4 25 | $41.2B | $1.7B | ||
| Q3 25 | $41.1B | $1.7B | ||
| Q2 25 | $41.7B | $1.6B | ||
| Q1 25 | $38.9B | $1.6B | ||
| Q4 24 | $40.0B | $1.6B | ||
| Q3 24 | $39.6B | $1.5B | ||
| Q2 24 | $37.0B | $1.5B | ||
| Q1 24 | $35.9B | $1.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $900.7M | $63.7M |
| Free Cash FlowOCF − Capex | $-350.5M | $36.1M |
| FCF MarginFCF / Revenue | -11.3% | 10.0% |
| Capex IntensityCapex / Revenue | 40.3% | 7.7% |
| Cash ConversionOCF / Net Profit | 1.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $6.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $900.7M | $63.7M | ||
| Q3 25 | — | $26.6M | ||
| Q2 25 | $855.8M | $21.1M | ||
| Q1 25 | $328.1M | $11.4M | ||
| Q4 24 | $811.7M | $64.2M | ||
| Q3 24 | — | $57.3M | ||
| Q2 24 | $1.3B | $50.2M | ||
| Q1 24 | $801.7M | $-36.2M |
| Q4 25 | $-350.5M | $36.1M | ||
| Q3 25 | — | $66.0K | ||
| Q2 25 | $-640.0M | $-7.2M | ||
| Q1 25 | $-1.6B | $-22.6M | ||
| Q4 24 | $-1.3B | $29.8M | ||
| Q3 24 | — | $26.8M | ||
| Q2 24 | $-345.2M | $16.7M | ||
| Q1 24 | $-867.7M | $-71.6M |
| Q4 25 | -11.3% | 10.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | -21.2% | -1.7% | ||
| Q1 25 | -53.6% | -6.0% | ||
| Q4 24 | -44.5% | 9.1% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | -11.6% | 3.7% | ||
| Q1 24 | -29.6% | -21.3% |
| Q4 25 | 40.3% | 7.7% | ||
| Q3 25 | 47.9% | 7.1% | ||
| Q2 25 | 49.5% | 6.9% | ||
| Q1 25 | 64.9% | 9.0% | ||
| Q4 24 | 72.2% | 10.4% | ||
| Q3 24 | 65.1% | 7.7% | ||
| Q2 24 | 53.8% | 7.4% | ||
| Q1 24 | 57.0% | 10.5% |
| Q4 25 | 1.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | 0.67× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | 1.31× | 182.29× | ||
| Q3 24 | — | 2.57× | ||
| Q2 24 | 1.81× | 1.29× | ||
| Q1 24 | 1.40× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
ASIX
| Plant Nutrients | $140.0M | 39% |
| Chemical Intermediates | $92.8M | 26% |
| Caprolactam | $64.4M | 18% |
| Nylon Resins | $62.8M | 17% |
