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Side-by-side financial comparison of Air Products (APD) and C.H. Robinson (CHRW). Click either name above to swap in a different company.
C.H. Robinson is the larger business by last-quarter revenue ($4.0B vs $3.2B, roughly 1.3× Air Products). Air Products runs the higher net margin — 22.9% vs 3.7%, a 19.2% gap on every dollar of revenue. On growth, Air Products posted the faster year-over-year revenue change (8.8% vs -0.8%). Over the past eight quarters, Air Products's revenue compounded faster (3.1% CAGR vs -5.4%).
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...
C.H. Robinson Worldwide, Inc. is an American transportation company that includes third-party logistics (3PL). The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.
APD vs CHRW — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $4.0B |
| Net Profit | $724.8M | $147.2M |
| Gross Margin | 31.1% | 16.1% |
| Operating Margin | — | 3.6% |
| Net Margin | 22.9% | 3.7% |
| Revenue YoY | 8.8% | -0.8% |
| Net Profit YoY | 166.6% | — |
| EPS (diluted) | $3.19 | — |
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 | $3.2B | $4.0B | ||
| Q4 25 | $3.1B | $3.9B | ||
| Q3 25 | $3.2B | $4.1B | ||
| Q2 25 | $3.0B | $4.1B | ||
| Q1 25 | $2.9B | $4.0B | ||
| Q4 24 | $2.9B | $4.2B | ||
| Q3 24 | $3.2B | $4.6B | ||
| Q2 24 | $3.0B | $4.5B |
| Q1 26 | $724.8M | $147.2M | ||
| Q4 25 | $678.2M | $136.3M | ||
| Q3 25 | $4.9M | $163.0M | ||
| Q2 25 | $713.8M | $152.5M | ||
| Q1 25 | $-1.7B | $135.3M | ||
| Q4 24 | $617.4M | $149.3M | ||
| Q3 24 | $1.9B | $97.2M | ||
| Q2 24 | $696.6M | $126.3M |
| Q1 26 | 31.1% | 16.1% | ||
| 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 26 | — | 3.6% | ||
| Q4 25 | 23.7% | 4.6% | ||
| Q3 25 | 0.5% | 5.3% | ||
| Q2 25 | 26.2% | 5.2% | ||
| Q1 25 | -79.8% | 4.4% | ||
| Q4 24 | 22.0% | 4.4% | ||
| Q3 24 | 76.1% | 3.9% | ||
| Q2 24 | 24.7% | 4.0% |
| Q1 26 | 22.9% | 3.7% | ||
| Q4 25 | 21.9% | 3.5% | ||
| Q3 25 | 0.2% | 3.9% | ||
| Q2 25 | 23.6% | 3.7% | ||
| Q1 25 | -59.3% | 3.3% | ||
| Q4 24 | 21.1% | 3.6% | ||
| Q3 24 | 61.2% | 2.1% | ||
| Q2 24 | 23.3% | 2.8% |
| Q1 26 | $3.19 | — | ||
| Q4 25 | $3.04 | $1.12 | ||
| Q3 25 | $0.03 | $1.34 | ||
| Q2 25 | $3.20 | $1.26 | ||
| Q1 25 | $-7.77 | $1.11 | ||
| Q4 24 | $2.77 | $1.23 | ||
| Q3 24 | $8.75 | $0.80 | ||
| Q2 24 | $3.13 | $1.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $159.7M |
| Total DebtLower is stronger | $17.4M | $1.3B |
| Stockholders' EquityBook value | $18.1M | — |
| Total Assets | $41.6M | $5.2B |
| Debt / EquityLower = less leverage | 0.96× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.7M | ||
| Q4 25 | $1.0B | $160.9M | ||
| Q3 25 | $1.9B | $136.8M | ||
| Q2 25 | $2.3B | $156.0M | ||
| Q1 25 | $1.6B | $129.9M | ||
| Q4 24 | $2.0B | $145.8M | ||
| Q3 24 | $3.0B | $131.7M | ||
| Q2 24 | $2.4B | $113.2M |
| Q1 26 | $17.4M | $1.3B | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
| Q1 26 | $18.1M | — | ||
| Q4 25 | $15.4B | $1.8B | ||
| Q3 25 | $15.0B | $1.9B | ||
| Q2 25 | $15.5B | $1.8B | ||
| Q1 25 | $14.7B | $1.7B | ||
| Q4 24 | $16.7B | $1.7B | ||
| Q3 24 | $17.0B | $1.6B | ||
| Q2 24 | $15.1B | $1.5B |
| Q1 26 | $41.6M | $5.2B | ||
| Q4 25 | $41.2B | $5.1B | ||
| Q3 25 | $41.1B | $5.2B | ||
| Q2 25 | $41.7B | $5.3B | ||
| Q1 25 | $38.9B | $5.2B | ||
| Q4 24 | $40.0B | $5.3B | ||
| Q3 24 | $39.6B | $5.6B | ||
| Q2 24 | $37.0B | $5.5B |
| Q1 26 | 0.96× | — | ||
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.95× | ||
| Q2 24 | — | 1.07× |
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 | — | $68.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 56.4% | — |
| Cash ConversionOCF / Net Profit | — | 0.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.6M | ||
| Q4 25 | $900.7M | $305.4M | ||
| Q3 25 | — | $275.4M | ||
| Q2 25 | $855.8M | $227.1M | ||
| Q1 25 | $328.1M | $106.5M | ||
| Q4 24 | $811.7M | $267.9M | ||
| Q3 24 | — | $108.1M | ||
| Q2 24 | $1.3B | $166.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-350.5M | $302.4M | ||
| Q3 25 | — | $269.5M | ||
| Q2 25 | $-640.0M | $219.8M | ||
| Q1 25 | $-1.6B | $103.2M | ||
| Q4 24 | $-1.3B | $265.3M | ||
| Q3 24 | — | $103.3M | ||
| Q2 24 | $-345.2M | $159.8M |
| Q1 26 | — | — | ||
| Q4 25 | -11.3% | 7.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | -21.2% | 5.3% | ||
| Q1 25 | -53.6% | 2.5% | ||
| Q4 24 | -44.5% | 6.3% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | -11.6% | 3.6% |
| Q1 26 | 56.4% | — | ||
| Q4 25 | 40.3% | 0.1% | ||
| Q3 25 | 47.9% | 0.1% | ||
| Q2 25 | 49.5% | 0.2% | ||
| Q1 25 | 64.9% | 0.1% | ||
| Q4 24 | 72.2% | 0.1% | ||
| Q3 24 | 65.1% | 0.1% | ||
| Q2 24 | 53.8% | 0.1% |
| Q1 26 | — | 0.47× | ||
| Q4 25 | 1.33× | 2.24× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | 1.20× | 1.49× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | 1.31× | 1.79× | ||
| Q3 24 | — | 1.11× | ||
| Q2 24 | 1.81× | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APD
Segment breakdown not available.
CHRW
| Transportation | $3.6B | 91% |
| Sourcing | $369.2M | 9% |
