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Side-by-side financial comparison of Air Products (APD) and GOLD FIELDS LTD (GFI). Click either name above to swap in a different company.

GOLD FIELDS LTD is the larger business by last-quarter revenue ($5.2B vs $3.1B, roughly 1.7× Air Products). GOLD FIELDS LTD runs the higher net margin — 24.8% vs 21.9%, a 2.9% gap on every dollar of revenue. On growth, GOLD FIELDS LTD posted the faster year-over-year revenue change (15.6% vs 5.8%). GOLD FIELDS LTD produced more free cash flow last quarter ($423.6M vs $-350.5M).

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...

Gold Fields Limited is one of the world's largest gold mining firms. Headquartered in Johannesburg, South Africa, the company is listed on both the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE). The firm was formed in 1998 with the amalgamation of the gold assets of Gold Fields of South Africa Limited and Gencor Limited. The company traces its roots back to 1887, when Cecil Rhodes founded Gold Fields of South Africa Limited. As of 2019, Gold Fields was the world's e...

APD vs GFI — Head-to-Head

Bigger by revenue
GFI
GFI
1.7× larger
GFI
$5.2B
$3.1B
APD
Growing faster (revenue YoY)
GFI
GFI
+9.7% gap
GFI
15.6%
5.8%
APD
Higher net margin
GFI
GFI
2.9% more per $
GFI
24.8%
21.9%
APD
More free cash flow
GFI
GFI
$774.1M more FCF
GFI
$423.6M
$-350.5M
APD

Income Statement — Q1 2026 vs Q4 2024

Metric
APD
APD
GFI
GFI
Revenue
$3.1B
$5.2B
Net Profit
$678.2M
$1.3B
Gross Margin
32.1%
45.3%
Operating Margin
23.7%
Net Margin
21.9%
24.8%
Revenue YoY
5.8%
15.6%
Net Profit YoY
9.8%
77.7%
EPS (diluted)
$3.04
$1.38

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
GFI
GFI
Q4 25
$3.1B
Q3 25
$3.2B
Q2 25
$3.0B
Q1 25
$2.9B
Q4 24
$2.9B
$5.2B
Q3 24
$3.2B
Q2 24
$3.0B
Q1 24
$2.9B
Net Profit
APD
APD
GFI
GFI
Q4 25
$678.2M
Q3 25
$4.9M
Q2 25
$713.8M
Q1 25
$-1.7B
Q4 24
$617.4M
$1.3B
Q3 24
$1.9B
Q2 24
$696.6M
Q1 24
$572.4M
Gross Margin
APD
APD
GFI
GFI
Q4 25
32.1%
Q3 25
32.3%
Q2 25
32.5%
Q1 25
29.6%
Q4 24
31.2%
45.3%
Q3 24
34.0%
Q2 24
32.8%
Q1 24
32.0%
Operating Margin
APD
APD
GFI
GFI
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
GFI
GFI
Q4 25
21.9%
Q3 25
0.2%
Q2 25
23.6%
Q1 25
-59.3%
Q4 24
21.1%
24.8%
Q3 24
61.2%
Q2 24
23.3%
Q1 24
19.5%
EPS (diluted)
APD
APD
GFI
GFI
Q4 25
$3.04
Q3 25
$0.03
Q2 25
$3.20
Q1 25
$-7.77
Q4 24
$2.77
$1.38
Q3 24
$8.75
Q2 24
$3.13
Q1 24
$2.57

Balance Sheet & Financial Strength

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

Metric
APD
APD
GFI
GFI
Cash + ST InvestmentsLiquidity on hand
$1.0B
$860.2M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$15.4B
$5.4B
Total Assets
$41.2B
$10.1B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APD
APD
GFI
GFI
Q4 25
$1.0B
Q3 25
$1.9B
Q2 25
$2.3B
Q1 25
$1.6B
Q4 24
$2.0B
$860.2M
Q3 24
$3.0B
Q2 24
$2.4B
Q1 24
$2.6B
Total Debt
APD
APD
GFI
GFI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$2.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
APD
APD
GFI
GFI
Q4 25
$15.4B
Q3 25
$15.0B
Q2 25
$15.5B
Q1 25
$14.7B
Q4 24
$16.7B
$5.4B
Q3 24
$17.0B
Q2 24
$15.1B
Q1 24
$14.9B
Total Assets
APD
APD
GFI
GFI
Q4 25
$41.2B
Q3 25
$41.1B
Q2 25
$41.7B
Q1 25
$38.9B
Q4 24
$40.0B
$10.1B
Q3 24
$39.6B
Q2 24
$37.0B
Q1 24
$35.9B
Debt / Equity
APD
APD
GFI
GFI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.46×
Q3 24
Q2 24
Q1 24

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
GFI
GFI
Operating Cash FlowLast quarter
$900.7M
$1.6B
Free Cash FlowOCF − Capex
$-350.5M
$423.6M
FCF MarginFCF / Revenue
-11.3%
8.1%
Capex IntensityCapex / Revenue
40.3%
22.8%
Cash ConversionOCF / Net Profit
1.33×
1.25×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APD
APD
GFI
GFI
Q4 25
$900.7M
Q3 25
Q2 25
$855.8M
Q1 25
$328.1M
Q4 24
$811.7M
$1.6B
Q3 24
Q2 24
$1.3B
Q1 24
$801.7M
Free Cash Flow
APD
APD
GFI
GFI
Q4 25
$-350.5M
Q3 25
Q2 25
$-640.0M
Q1 25
$-1.6B
Q4 24
$-1.3B
$423.6M
Q3 24
Q2 24
$-345.2M
Q1 24
$-867.7M
FCF Margin
APD
APD
GFI
GFI
Q4 25
-11.3%
Q3 25
Q2 25
-21.2%
Q1 25
-53.6%
Q4 24
-44.5%
8.1%
Q3 24
Q2 24
-11.6%
Q1 24
-29.6%
Capex Intensity
APD
APD
GFI
GFI
Q4 25
40.3%
Q3 25
47.9%
Q2 25
49.5%
Q1 25
64.9%
Q4 24
72.2%
22.8%
Q3 24
65.1%
Q2 24
53.8%
Q1 24
57.0%
Cash Conversion
APD
APD
GFI
GFI
Q4 25
1.33×
Q3 25
Q2 25
1.20×
Q1 25
Q4 24
1.31×
1.25×
Q3 24
Q2 24
1.81×
Q1 24
1.40×

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%

GFI
GFI

Segment breakdown not available.

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