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Side-by-side financial comparison of Air Products (APD) and Bunge Global (BG). Click either name above to swap in a different company.
Bunge Global is the larger business by last-quarter revenue ($21.9B vs $3.1B, roughly 7.0× Air Products). Air Products runs the higher net margin — 21.9% vs 0.3%, a 21.5% gap on every dollar of revenue. On growth, Bunge Global posted the faster year-over-year revenue change (43.4% vs 5.8%). Over the past eight quarters, Bunge Global's revenue compounded faster (142.0% 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...
Bunge Global SA (BUN-ghee) is a global agribusiness and food company, incorporated in Geneva, Switzerland and headquartered in St. Louis, Missouri, United States.
APD vs BG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $21.9B |
| Net Profit | $678.2M | $68.0M |
| Gross Margin | 32.1% | 3.5% |
| Operating Margin | 23.7% | — |
| Net Margin | 21.9% | 0.3% |
| Revenue YoY | 5.8% | 43.4% |
| Net Profit YoY | 9.8% | -66.2% |
| EPS (diluted) | $3.04 | $0.35 |
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.
| Q1 26 | — | $21.9B | ||
| Q4 25 | $3.1B | $4.9B | ||
| Q3 25 | $3.2B | $4.4B | ||
| Q2 25 | $3.0B | $4.0B | ||
| Q1 25 | $2.9B | $3.7B | ||
| Q4 24 | $2.9B | $4.0B | ||
| Q3 24 | $3.2B | $3.9B | ||
| Q2 24 | $3.0B | $3.7B |
| Q1 26 | — | $68.0M | ||
| Q4 25 | $678.2M | $95.0M | ||
| Q3 25 | $4.9M | $166.0M | ||
| Q2 25 | $713.8M | $354.0M | ||
| Q1 25 | $-1.7B | $201.0M | ||
| Q4 24 | $617.4M | $602.0M | ||
| Q3 24 | $1.9B | $221.0M | ||
| Q2 24 | $696.6M | $70.0M |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 32.1% | 20.7% | ||
| Q3 25 | 32.3% | 24.3% | ||
| Q2 25 | 32.5% | 18.4% | ||
| Q1 25 | 29.6% | 16.3% | ||
| Q4 24 | 31.2% | 27.0% | ||
| Q3 24 | 34.0% | 19.9% | ||
| Q2 24 | 32.8% | 17.8% |
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 1.8% | ||
| Q3 25 | 0.5% | 6.2% | ||
| Q2 25 | 26.2% | 12.3% | ||
| Q1 25 | -79.8% | 7.8% | ||
| Q4 24 | 22.0% | 18.3% | ||
| Q3 24 | 76.1% | 8.3% | ||
| Q2 24 | 24.7% | 2.8% |
| Q1 26 | — | 0.3% | ||
| Q4 25 | 21.9% | 1.9% | ||
| Q3 25 | 0.2% | 3.8% | ||
| Q2 25 | 23.6% | 8.8% | ||
| Q1 25 | -59.3% | 5.5% | ||
| Q4 24 | 21.1% | 15.0% | ||
| Q3 24 | 61.2% | 5.7% | ||
| Q2 24 | 23.3% | 1.9% |
| Q1 26 | — | $0.35 | ||
| Q4 25 | $3.04 | $-0.02 | ||
| Q3 25 | $0.03 | $0.84 | ||
| Q2 25 | $3.20 | $2.61 | ||
| Q1 25 | $-7.77 | $1.48 | ||
| Q4 24 | $2.77 | $4.27 | ||
| Q3 24 | $8.75 | $1.56 | ||
| Q2 24 | $3.13 | $0.48 |
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 | $839.0M |
| Total DebtLower is stronger | — | $13.2B |
| Stockholders' EquityBook value | $15.4B | $17.4B |
| Total Assets | $41.2B | $47.6B |
| Debt / EquityLower = less leverage | — | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $839.0M | ||
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $1.9B | $3.2B | ||
| Q2 25 | $2.3B | $7.1B | ||
| Q1 25 | $1.6B | $3.9B | ||
| Q4 24 | $2.0B | $3.8B | ||
| Q3 24 | $3.0B | $3.0B | ||
| Q2 24 | $2.4B | $1.3B |
| Q1 26 | — | $13.2B | ||
| Q4 25 | — | $10.2B | ||
| Q3 25 | — | $11.1B | ||
| Q2 25 | — | $7.7B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $4.1B |
| Q1 26 | — | $17.4B | ||
| Q4 25 | $15.4B | $15.9B | ||
| Q3 25 | $15.0B | $15.8B | ||
| Q2 25 | $15.5B | $10.9B | ||
| Q1 25 | $14.7B | $10.6B | ||
| Q4 24 | $16.7B | $9.9B | ||
| Q3 24 | $17.0B | $10.1B | ||
| Q2 24 | $15.1B | $10.0B |
| Q1 26 | — | $47.6B | ||
| Q4 25 | $41.2B | $44.5B | ||
| Q3 25 | $41.1B | $46.3B | ||
| Q2 25 | $41.7B | $31.2B | ||
| Q1 25 | $38.9B | $26.7B | ||
| Q4 24 | $40.0B | $24.9B | ||
| Q3 24 | $39.6B | $25.3B | ||
| Q2 24 | $37.0B | $24.4B |
| Q1 26 | — | 0.76× | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.54× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.41× |
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 | — |
| Free Cash FlowOCF − Capex | $-350.5M | — |
| FCF MarginFCF / Revenue | -11.3% | — |
| Capex IntensityCapex / Revenue | 40.3% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $1.3B | ||
| Q3 25 | — | $854.0M | ||
| Q2 25 | $855.8M | $-1.1B | ||
| Q1 25 | $328.1M | $-285.0M | ||
| Q4 24 | $811.7M | $1.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $1.3B | $-1.5B |
| Q1 26 | — | — | ||
| Q4 25 | $-350.5M | $809.0M | ||
| Q3 25 | — | $385.0M | ||
| Q2 25 | $-640.0M | $-1.5B | ||
| Q1 25 | $-1.6B | $-595.0M | ||
| Q4 24 | $-1.3B | $564.0M | ||
| Q3 24 | — | $973.0M | ||
| Q2 24 | $-345.2M | $-1.8B |
| Q1 26 | — | — | ||
| Q4 25 | -11.3% | 16.6% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | -21.2% | -36.8% | ||
| Q1 25 | -53.6% | -16.2% | ||
| Q4 24 | -44.5% | 14.1% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | -11.6% | -47.4% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 40.3% | 11.0% | ||
| Q3 25 | 47.9% | 10.7% | ||
| Q2 25 | 49.5% | 10.1% | ||
| Q1 25 | 64.9% | 8.5% | ||
| Q4 24 | 72.2% | 12.2% | ||
| Q3 24 | 65.1% | 9.1% | ||
| Q2 24 | 53.8% | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.33× | 14.18× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | 1.20× | -3.03× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | 1.31× | 1.75× | ||
| Q3 24 | — | 6.00× | ||
| Q2 24 | 1.81× | -21.06× |
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% |
BG
Segment breakdown not available.
