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Side-by-side financial comparison of Air Products (APD) and Fidelity National Information Services (FIS). Click either name above to swap in a different company.
Air Products is the larger business by last-quarter revenue ($3.1B vs $2.8B, roughly 1.1× Fidelity National Information Services). Air Products runs the higher net margin — 21.9% vs 18.2%, a 3.7% gap on every dollar of revenue. On growth, Fidelity National Information Services posted the faster year-over-year revenue change (8.1% vs 5.8%). Fidelity National Information Services produced more free cash flow last quarter ($739.0M vs $-350.5M). Over the past eight quarters, Fidelity National Information Services's revenue compounded faster (6.8% 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...
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.
APD vs FIS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $2.8B |
| Net Profit | $678.2M | $511.0M |
| Gross Margin | 32.1% | 38.3% |
| Operating Margin | 23.7% | 18.8% |
| Net Margin | 21.9% | 18.2% |
| Revenue YoY | 5.8% | 8.1% |
| Net Profit YoY | 9.8% | 97.3% |
| EPS (diluted) | $3.04 | $0.98 |
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 | $2.8B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $3.0B | $2.6B | ||
| Q1 25 | $2.9B | $2.5B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $3.2B | $2.6B | ||
| Q2 24 | $3.0B | $2.5B | ||
| Q1 24 | $2.9B | $2.5B |
| Q4 25 | $678.2M | $511.0M | ||
| Q3 25 | $4.9M | $264.0M | ||
| Q2 25 | $713.8M | $-470.0M | ||
| Q1 25 | $-1.7B | $77.0M | ||
| Q4 24 | $617.4M | $259.0M | ||
| Q3 24 | $1.9B | $224.0M | ||
| Q2 24 | $696.6M | $243.0M | ||
| Q1 24 | $572.4M | $724.0M |
| Q4 25 | 32.1% | 38.3% | ||
| Q3 25 | 32.3% | 37.8% | ||
| Q2 25 | 32.5% | 36.4% | ||
| Q1 25 | 29.6% | 34.7% | ||
| Q4 24 | 31.2% | 36.9% | ||
| Q3 24 | 34.0% | 38.0% | ||
| Q2 24 | 32.8% | 38.2% | ||
| Q1 24 | 32.0% | 37.1% |
| Q4 25 | 23.7% | 18.8% | ||
| Q3 25 | 0.5% | 16.8% | ||
| Q2 25 | 26.2% | 15.6% | ||
| Q1 25 | -79.8% | 13.7% | ||
| Q4 24 | 22.0% | 18.5% | ||
| Q3 24 | 76.1% | 19.1% | ||
| Q2 24 | 24.7% | 15.2% | ||
| Q1 24 | 21.7% | 14.6% |
| Q4 25 | 21.9% | 18.2% | ||
| Q3 25 | 0.2% | 9.7% | ||
| Q2 25 | 23.6% | -18.0% | ||
| Q1 25 | -59.3% | 3.0% | ||
| Q4 24 | 21.1% | 10.0% | ||
| Q3 24 | 61.2% | 8.7% | ||
| Q2 24 | 23.3% | 9.8% | ||
| Q1 24 | 19.5% | 29.3% |
| Q4 25 | $3.04 | $0.98 | ||
| Q3 25 | $0.03 | $0.50 | ||
| Q2 25 | $3.20 | $-0.90 | ||
| Q1 25 | $-7.77 | $0.15 | ||
| Q4 24 | $2.77 | $0.51 | ||
| Q3 24 | $8.75 | $0.41 | ||
| Q2 24 | $3.13 | $0.44 | ||
| Q1 24 | $2.57 | $1.25 |
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 | $599.0M |
| Total DebtLower is stronger | — | $9.1B |
| Stockholders' EquityBook value | $15.4B | $13.9B |
| Total Assets | $41.2B | $33.5B |
| Debt / EquityLower = less leverage | — | 0.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $599.0M | ||
| Q3 25 | $1.9B | $571.0M | ||
| Q2 25 | $2.3B | $581.0M | ||
| Q1 25 | $1.6B | $805.0M | ||
| Q4 24 | $2.0B | $834.0M | ||
| Q3 24 | $3.0B | $1.3B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.6B | $3.3B |
| Q4 25 | — | $9.1B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | — | $9.7B | ||
| Q3 24 | — | $10.5B | ||
| Q2 24 | — | $10.6B | ||
| Q1 24 | — | $10.6B |
| Q4 25 | $15.4B | $13.9B | ||
| Q3 25 | $15.0B | $13.9B | ||
| Q2 25 | $15.5B | $14.2B | ||
| Q1 25 | $14.7B | $15.1B | ||
| Q4 24 | $16.7B | $15.7B | ||
| Q3 24 | $17.0B | $16.6B | ||
| Q2 24 | $15.1B | $17.0B | ||
| Q1 24 | $14.9B | $18.0B |
| Q4 25 | $41.2B | $33.5B | ||
| Q3 25 | $41.1B | $33.0B | ||
| Q2 25 | $41.7B | $33.4B | ||
| Q1 25 | $38.9B | $32.8B | ||
| Q4 24 | $40.0B | $33.8B | ||
| Q3 24 | $39.6B | $34.3B | ||
| Q2 24 | $37.0B | $34.6B | ||
| Q1 24 | $35.9B | $35.9B |
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | 0.63× | ||
| Q2 24 | — | 0.62× | ||
| Q1 24 | — | 0.59× |
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 | $758.0M |
| Free Cash FlowOCF − Capex | $-350.5M | $739.0M |
| FCF MarginFCF / Revenue | -11.3% | 26.3% |
| Capex IntensityCapex / Revenue | 40.3% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.33× | 1.48× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $900.7M | $758.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $855.8M | $382.0M | ||
| Q1 25 | $328.1M | $457.0M | ||
| Q4 24 | $811.7M | $782.0M | ||
| Q3 24 | — | $641.0M | ||
| Q2 24 | $1.3B | $546.0M | ||
| Q1 24 | $801.7M | $206.0M |
| Q4 25 | $-350.5M | $739.0M | ||
| Q3 25 | — | $952.0M | ||
| Q2 25 | $-640.0M | $343.0M | ||
| Q1 25 | $-1.6B | $420.0M | ||
| Q4 24 | $-1.3B | $764.0M | ||
| Q3 24 | — | $605.0M | ||
| Q2 24 | $-345.2M | $530.0M | ||
| Q1 24 | $-867.7M | $179.0M |
| Q4 25 | -11.3% | 26.3% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | -21.2% | 13.1% | ||
| Q1 25 | -53.6% | 16.6% | ||
| Q4 24 | -44.5% | 29.4% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | -11.6% | 21.3% | ||
| Q1 24 | -29.6% | 7.3% |
| Q4 25 | 40.3% | 0.7% | ||
| Q3 25 | 47.9% | 2.2% | ||
| Q2 25 | 49.5% | 1.5% | ||
| Q1 25 | 64.9% | 1.5% | ||
| Q4 24 | 72.2% | 0.7% | ||
| Q3 24 | 65.1% | 1.4% | ||
| Q2 24 | 53.8% | 0.6% | ||
| Q1 24 | 57.0% | 1.1% |
| Q4 25 | 1.33× | 1.48× | ||
| Q3 25 | — | 3.83× | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | 5.94× | ||
| Q4 24 | 1.31× | 3.02× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | 1.81× | 2.25× | ||
| Q1 24 | 1.40× | 0.28× |
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% |
FIS
| Banking Solutions | $1.6B | 57% |
| Other | $701.0M | 25% |
| Capital Market Solutions | $508.0M | 18% |
