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Side-by-side financial comparison of Air Products (APD) and AVINO SILVER & GOLD MINES LTD (ASM). Click either name above to swap in a different company.

Air Products is the larger business by last-quarter revenue ($3.1B vs $21.0M, roughly 147.4× AVINO SILVER & GOLD MINES LTD). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs 21.9%, a 14.7% gap on every dollar of revenue. On growth, AVINO SILVER & GOLD MINES LTD posted the faster year-over-year revenue change (44.0% vs 5.8%). Over the past eight quarters, AVINO SILVER & GOLD MINES LTD's revenue compounded faster (51.1% 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...

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

APD vs ASM — Head-to-Head

Bigger by revenue
APD
APD
147.4× larger
APD
$3.1B
$21.0M
ASM
Growing faster (revenue YoY)
ASM
ASM
+38.1% gap
ASM
44.0%
5.8%
APD
Higher net margin
ASM
ASM
14.7% more per $
ASM
36.6%
21.9%
APD
Faster 2-yr revenue CAGR
ASM
ASM
Annualised
ASM
51.1%
2.9%
APD

Income Statement — Q1 2026 vs Q3 2025

Metric
APD
APD
ASM
ASM
Revenue
$3.1B
$21.0M
Net Profit
$678.2M
$7.7M
Gross Margin
32.1%
47.1%
Operating Margin
23.7%
Net Margin
21.9%
36.6%
Revenue YoY
5.8%
44.0%
Net Profit YoY
9.8%
558.9%
EPS (diluted)
$3.04
$0.05

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.

Revenue
APD
APD
ASM
ASM
Q4 25
$3.1B
Q3 25
$3.2B
$21.0M
Q2 25
$3.0B
$21.8M
Q1 25
$2.9B
$18.8M
Q4 24
$2.9B
Q3 24
$3.2B
$14.6M
Q2 24
$3.0B
$14.8M
Q1 24
$2.9B
$12.4M
Net Profit
APD
APD
ASM
ASM
Q4 25
$678.2M
Q3 25
$4.9M
$7.7M
Q2 25
$713.8M
$2.9M
Q1 25
$-1.7B
$5.6M
Q4 24
$617.4M
Q3 24
$1.9B
$1.2M
Q2 24
$696.6M
$1.2M
Q1 24
$572.4M
$599.0K
Gross Margin
APD
APD
ASM
ASM
Q4 25
32.1%
Q3 25
32.3%
47.1%
Q2 25
32.5%
46.9%
Q1 25
29.6%
56.1%
Q4 24
31.2%
Q3 24
34.0%
39.1%
Q2 24
32.8%
31.8%
Q1 24
32.0%
18.9%
Operating Margin
APD
APD
ASM
ASM
Q4 25
23.7%
Q3 25
0.5%
Q2 25
26.2%
Q1 25
-79.8%
Q4 24
22.0%
Q3 24
76.1%
Q2 24
24.7%
Q1 24
21.7%
Net Margin
APD
APD
ASM
ASM
Q4 25
21.9%
Q3 25
0.2%
36.6%
Q2 25
23.6%
13.1%
Q1 25
-59.3%
29.8%
Q4 24
21.1%
Q3 24
61.2%
8.0%
Q2 24
23.3%
8.4%
Q1 24
19.5%
4.8%
EPS (diluted)
APD
APD
ASM
ASM
Q4 25
$3.04
Q3 25
$0.03
$0.05
Q2 25
$3.20
$0.02
Q1 25
$-7.77
$0.04
Q4 24
$2.77
Q3 24
$8.75
$0.01
Q2 24
$3.13
$0.01
Q1 24
$2.57
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APD
APD
ASM
ASM
Cash + ST InvestmentsLiquidity on hand
$1.0B
$57.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.4B
$182.1M
Total Assets
$41.2B
$221.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APD
APD
ASM
ASM
Q4 25
$1.0B
Q3 25
$1.9B
$57.3M
Q2 25
$2.3B
$37.3M
Q1 25
$1.6B
$26.6M
Q4 24
$2.0B
Q3 24
$3.0B
$7.8M
Q2 24
$2.4B
$5.3M
Q1 24
$2.6B
$3.5M
Stockholders' Equity
APD
APD
ASM
ASM
Q4 25
$15.4B
Q3 25
$15.0B
$182.1M
Q2 25
$15.5B
$144.8M
Q1 25
$14.7B
$132.3M
Q4 24
$16.7B
Q3 24
$17.0B
$114.5M
Q2 24
$15.1B
$112.2M
Q1 24
$14.9B
$107.8M
Total Assets
APD
APD
ASM
ASM
Q4 25
$41.2B
Q3 25
$41.1B
$221.9M
Q2 25
$41.7B
$174.7M
Q1 25
$38.9B
$157.7M
Q4 24
$40.0B
Q3 24
$39.6B
$135.4M
Q2 24
$37.0B
$133.7M
Q1 24
$35.9B
$128.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APD
APD
ASM
ASM
Operating Cash FlowLast quarter
$900.7M
$8.3M
Free Cash FlowOCF − Capex
$-350.5M
FCF MarginFCF / Revenue
-11.3%
Capex IntensityCapex / Revenue
40.3%
Cash ConversionOCF / Net Profit
1.33×
1.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APD
APD
ASM
ASM
Q4 25
$900.7M
Q3 25
$8.3M
Q2 25
$855.8M
$8.3M
Q1 25
$328.1M
$758.0K
Q4 24
$811.7M
Q3 24
$4.1M
Q2 24
$1.3B
$1.1M
Q1 24
$801.7M
$2.3M
Free Cash Flow
APD
APD
ASM
ASM
Q4 25
$-350.5M
Q3 25
Q2 25
$-640.0M
Q1 25
$-1.6B
Q4 24
$-1.3B
Q3 24
Q2 24
$-345.2M
Q1 24
$-867.7M
FCF Margin
APD
APD
ASM
ASM
Q4 25
-11.3%
Q3 25
Q2 25
-21.2%
Q1 25
-53.6%
Q4 24
-44.5%
Q3 24
Q2 24
-11.6%
Q1 24
-29.6%
Capex Intensity
APD
APD
ASM
ASM
Q4 25
40.3%
Q3 25
47.9%
Q2 25
49.5%
Q1 25
64.9%
Q4 24
72.2%
Q3 24
65.1%
Q2 24
53.8%
Q1 24
57.0%
Cash Conversion
APD
APD
ASM
ASM
Q4 25
1.33×
Q3 25
1.08×
Q2 25
1.20×
2.92×
Q1 25
0.13×
Q4 24
1.31×
Q3 24
3.55×
Q2 24
1.81×
0.87×
Q1 24
1.40×
3.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APD
APD

Other$1.6B53%
Onsite$783.9M25%
Merchant$557.8M18%
Saleof Equipment$117.0M4%

ASM
ASM

Segment breakdown not available.

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