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Side-by-side financial comparison of Air Products (APD) and APTARGROUP, INC. (ATR). Click either name above to swap in a different company.
Air Products is the larger business by last-quarter revenue ($3.1B vs $962.7M, roughly 3.2× APTARGROUP, INC.). Air Products runs the higher net margin — 21.9% vs 7.7%, a 14.1% gap on every dollar of revenue. On growth, APTARGROUP, INC. posted the faster year-over-year revenue change (13.5% vs 5.8%). APTARGROUP, INC. produced more free cash flow last quarter ($96.9M vs $-350.5M). Over the past eight quarters, Air Products's revenue compounded faster (2.9% CAGR vs 2.6%).
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...
AptarGroup, Inc., also known as Aptar, is a United States–based global manufacturer of consumer dispensing packaging and drug delivery devices. The group has manufacturing operations in 18 countries.
APD vs ATR — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $962.7M |
| Net Profit | $678.2M | $74.3M |
| Gross Margin | 32.1% | — |
| Operating Margin | 23.7% | 11.0% |
| Net Margin | 21.9% | 7.7% |
| Revenue YoY | 5.8% | 13.5% |
| Net Profit YoY | 9.8% | -26.4% |
| EPS (diluted) | $3.04 | $1.13 |
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 | $962.7M | ||
| Q3 25 | $3.2B | $961.1M | ||
| Q2 25 | $3.0B | $966.0M | ||
| Q1 25 | $2.9B | $887.3M | ||
| Q4 24 | $2.9B | $848.1M | ||
| Q3 24 | $3.2B | $909.3M | ||
| Q2 24 | $3.0B | $910.1M | ||
| Q1 24 | $2.9B | $915.4M |
| Q4 25 | $678.2M | $74.3M | ||
| Q3 25 | $4.9M | $127.9M | ||
| Q2 25 | $713.8M | $111.7M | ||
| Q1 25 | $-1.7B | $78.8M | ||
| Q4 24 | $617.4M | $100.9M | ||
| Q3 24 | $1.9B | $100.0M | ||
| Q2 24 | $696.6M | $90.5M | ||
| Q1 24 | $572.4M | $83.1M |
| Q4 25 | 32.1% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 32.5% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 31.2% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 32.8% | — | ||
| Q1 24 | 32.0% | — |
| Q4 25 | 23.7% | 11.0% | ||
| Q3 25 | 0.5% | 14.2% | ||
| Q2 25 | 26.2% | 14.9% | ||
| Q1 25 | -79.8% | 12.8% | ||
| Q4 24 | 22.0% | 14.2% | ||
| Q3 24 | 76.1% | 15.2% | ||
| Q2 24 | 24.7% | 13.8% | ||
| Q1 24 | 21.7% | 12.2% |
| Q4 25 | 21.9% | 7.7% | ||
| Q3 25 | 0.2% | 13.3% | ||
| Q2 25 | 23.6% | 11.6% | ||
| Q1 25 | -59.3% | 8.9% | ||
| Q4 24 | 21.1% | 11.9% | ||
| Q3 24 | 61.2% | 11.0% | ||
| Q2 24 | 23.3% | 9.9% | ||
| Q1 24 | 19.5% | 9.1% |
| Q4 25 | $3.04 | $1.13 | ||
| Q3 25 | $0.03 | $1.92 | ||
| Q2 25 | $3.20 | $1.67 | ||
| Q1 25 | $-7.77 | $1.17 | ||
| Q4 24 | $2.77 | $1.48 | ||
| Q3 24 | $8.75 | $1.48 | ||
| Q2 24 | $3.13 | $1.34 | ||
| Q1 24 | $2.57 | $1.23 |
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 | $409.5M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $15.4B | $2.7B |
| Total Assets | $41.2B | $5.3B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $409.5M | ||
| Q3 25 | $1.9B | $264.8M | ||
| Q2 25 | $2.3B | $169.8M | ||
| Q1 25 | $1.6B | $136.8M | ||
| Q4 24 | $2.0B | $226.2M | ||
| Q3 24 | $3.0B | $327.9M | ||
| Q2 24 | $2.4B | $223.9M | ||
| Q1 24 | $2.6B | $201.1M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $546.0M | ||
| Q2 25 | — | $535.1M | ||
| Q1 25 | — | $561.2M | ||
| Q4 24 | — | $688.1M | ||
| Q3 24 | — | $822.7M | ||
| Q2 24 | — | $681.5M | ||
| Q1 24 | — | $680.4M |
| Q4 25 | $15.4B | $2.7B | ||
| Q3 25 | $15.0B | $2.8B | ||
| Q2 25 | $15.5B | $2.7B | ||
| Q1 25 | $14.7B | $2.5B | ||
| Q4 24 | $16.7B | $2.5B | ||
| Q3 24 | $17.0B | $2.5B | ||
| Q2 24 | $15.1B | $2.4B | ||
| Q1 24 | $14.9B | $2.3B |
| Q4 25 | $41.2B | $5.3B | ||
| Q3 25 | $41.1B | $5.1B | ||
| Q2 25 | $41.7B | $4.9B | ||
| Q1 25 | $38.9B | $4.5B | ||
| Q4 24 | $40.0B | $4.4B | ||
| Q3 24 | $39.6B | $4.6B | ||
| Q2 24 | $37.0B | $4.5B | ||
| Q1 24 | $35.9B | $4.4B |
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 0.29× |
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 | $183.7M |
| Free Cash FlowOCF − Capex | $-350.5M | $96.9M |
| FCF MarginFCF / Revenue | -11.3% | 10.1% |
| Capex IntensityCapex / Revenue | 40.3% | 9.0% |
| Cash ConversionOCF / Net Profit | 1.33× | 2.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $299.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $900.7M | $183.7M | ||
| Q3 25 | — | $177.6M | ||
| Q2 25 | $855.8M | $126.0M | ||
| Q1 25 | $328.1M | $82.7M | ||
| Q4 24 | $811.7M | $178.2M | ||
| Q3 24 | — | $229.3M | ||
| Q2 24 | $1.3B | $143.6M | ||
| Q1 24 | $801.7M | $92.3M |
| Q4 25 | $-350.5M | $96.9M | ||
| Q3 25 | — | $114.3M | ||
| Q2 25 | $-640.0M | $62.5M | ||
| Q1 25 | $-1.6B | $25.9M | ||
| Q4 24 | $-1.3B | $112.2M | ||
| Q3 24 | — | $162.7M | ||
| Q2 24 | $-345.2M | $75.4M | ||
| Q1 24 | $-867.7M | $16.7M |
| Q4 25 | -11.3% | 10.1% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | -21.2% | 6.5% | ||
| Q1 25 | -53.6% | 2.9% | ||
| Q4 24 | -44.5% | 13.2% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | -11.6% | 8.3% | ||
| Q1 24 | -29.6% | 1.8% |
| Q4 25 | 40.3% | 9.0% | ||
| Q3 25 | 47.9% | 6.6% | ||
| Q2 25 | 49.5% | 6.6% | ||
| Q1 25 | 64.9% | 6.4% | ||
| Q4 24 | 72.2% | 7.8% | ||
| Q3 24 | 65.1% | 7.3% | ||
| Q2 24 | 53.8% | 7.5% | ||
| Q1 24 | 57.0% | 8.3% |
| Q4 25 | 1.33× | 2.47× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | 1.20× | 1.13× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 1.31× | 1.77× | ||
| Q3 24 | — | 2.29× | ||
| Q2 24 | 1.81× | 1.59× | ||
| Q1 24 | 1.40× | 1.11× |
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% |
ATR
Segment breakdown not available.
