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Side-by-side financial comparison of Air Products (APD) and INNO HOLDINGS INC. (INHD). Click either name above to swap in a different company.

Air Products is the larger business by last-quarter revenue ($3.1B vs $1.5M, roughly 2130.1× INNO HOLDINGS INC.). Air Products runs the higher net margin — 21.9% vs -2.0%, a 23.8% gap on every dollar of revenue. On growth, INNO HOLDINGS INC. posted the faster year-over-year revenue change (635.6% vs 5.8%). Over the past eight quarters, INNO HOLDINGS INC.'s revenue compounded faster (182.0% 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...

INNOvative Retail BV, is an upmarket Belgian department store chain that operates sixteen branches around Belgium.

APD vs INHD — Head-to-Head

Bigger by revenue
APD
APD
2130.1× larger
APD
$3.1B
$1.5M
INHD
Growing faster (revenue YoY)
INHD
INHD
+629.8% gap
INHD
635.6%
5.8%
APD
Higher net margin
APD
APD
23.8% more per $
APD
21.9%
-2.0%
INHD
Faster 2-yr revenue CAGR
INHD
INHD
Annualised
INHD
182.0%
2.9%
APD

Income Statement — Q1 2026 vs Q1 2026

Metric
APD
APD
INHD
INHD
Revenue
$3.1B
$1.5M
Net Profit
$678.2M
$-28.6K
Gross Margin
32.1%
5.1%
Operating Margin
23.7%
-33.4%
Net Margin
21.9%
-2.0%
Revenue YoY
5.8%
635.6%
Net Profit YoY
9.8%
95.3%
EPS (diluted)
$3.04
$-0.01

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
INHD
INHD
Q4 25
$3.1B
$1.5M
Q3 25
$3.2B
$1.1M
Q2 25
$3.0B
$1.1M
Q1 25
$2.9B
$478.1K
Q4 24
$2.9B
$196.0K
Q3 24
$3.2B
$490.0K
Q2 24
$3.0B
$45.7K
Q1 24
$2.9B
$183.2K
Net Profit
APD
APD
INHD
INHD
Q4 25
$678.2M
$-28.6K
Q3 25
$4.9M
$-1.3M
Q2 25
$713.8M
$-1.5M
Q1 25
$-1.7B
$-3.6M
Q4 24
$617.4M
$-603.7K
Q3 24
$1.9B
$-287.2K
Q2 24
$696.6M
$-1.1M
Q1 24
$572.4M
$-1.1M
Gross Margin
APD
APD
INHD
INHD
Q4 25
32.1%
5.1%
Q3 25
32.3%
1.3%
Q2 25
32.5%
-1.5%
Q1 25
29.6%
8.7%
Q4 24
31.2%
8.2%
Q3 24
34.0%
Q2 24
32.8%
Q1 24
32.0%
Operating Margin
APD
APD
INHD
INHD
Q4 25
23.7%
-33.4%
Q3 25
0.5%
-89.7%
Q2 25
26.2%
-143.7%
Q1 25
-79.8%
-286.4%
Q4 24
22.0%
-233.7%
Q3 24
76.1%
87.7%
Q2 24
24.7%
-413.0%
Q1 24
21.7%
-150.9%
Net Margin
APD
APD
INHD
INHD
Q4 25
21.9%
-2.0%
Q3 25
0.2%
-120.5%
Q2 25
23.6%
-142.4%
Q1 25
-59.3%
-757.3%
Q4 24
21.1%
-308.0%
Q3 24
61.2%
-58.6%
Q2 24
23.3%
-2330.7%
Q1 24
19.5%
-578.9%
EPS (diluted)
APD
APD
INHD
INHD
Q4 25
$3.04
$-0.01
Q3 25
$0.03
$5.03
Q2 25
$3.20
$-0.30
Q1 25
$-7.77
$-0.83
Q4 24
$2.77
$-5.21
Q3 24
$8.75
$-0.14
Q2 24
$3.13
$-0.51
Q1 24
$2.57
$-0.51

Balance Sheet & Financial Strength

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

Metric
APD
APD
INHD
INHD
Cash + ST InvestmentsLiquidity on hand
$1.0B
$37.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.4B
$47.2M
Total Assets
$41.2B
$47.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APD
APD
INHD
INHD
Q4 25
$1.0B
$37.1M
Q3 25
$1.9B
$10.1M
Q2 25
$2.3B
$4.4M
Q1 25
$1.6B
$3.9M
Q4 24
$2.0B
$4.8M
Q3 24
$3.0B
$1.1M
Q2 24
$2.4B
$1.9M
Q1 24
$2.6B
$4.0M
Stockholders' Equity
APD
APD
INHD
INHD
Q4 25
$15.4B
$47.2M
Q3 25
$15.0B
$15.2M
Q2 25
$15.5B
$8.0M
Q1 25
$14.7B
$7.1M
Q4 24
$16.7B
$9.4M
Q3 24
$17.0B
$2.8M
Q2 24
$15.1B
$3.0M
Q1 24
$14.9B
$4.1M
Total Assets
APD
APD
INHD
INHD
Q4 25
$41.2B
$47.3M
Q3 25
$41.1B
$16.0M
Q2 25
$41.7B
$8.8M
Q1 25
$38.9B
$7.3M
Q4 24
$40.0B
$10.7M
Q3 24
$39.6B
$4.2M
Q2 24
$37.0B
$4.4M
Q1 24
$35.9B
$7.1M

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
INHD
INHD
Operating Cash FlowLast quarter
$900.7M
$-5.0M
Free Cash FlowOCF − Capex
$-350.5M
FCF MarginFCF / Revenue
-11.3%
Capex IntensityCapex / Revenue
40.3%
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APD
APD
INHD
INHD
Q4 25
$900.7M
$-5.0M
Q3 25
$-1.0M
Q2 25
$855.8M
$-594.8K
Q1 25
$328.1M
$-1.0M
Q4 24
$811.7M
$-2.1M
Q3 24
$-660.2K
Q2 24
$1.3B
$-1.7M
Q1 24
$801.7M
$-2.9M
Free Cash Flow
APD
APD
INHD
INHD
Q4 25
$-350.5M
Q3 25
Q2 25
$-640.0M
Q1 25
$-1.6B
Q4 24
$-1.3B
$-2.1M
Q3 24
$-795.1K
Q2 24
$-345.2M
$-1.9M
Q1 24
$-867.7M
$-3.2M
FCF Margin
APD
APD
INHD
INHD
Q4 25
-11.3%
Q3 25
Q2 25
-21.2%
Q1 25
-53.6%
Q4 24
-44.5%
-1083.3%
Q3 24
-162.3%
Q2 24
-11.6%
-4124.8%
Q1 24
-29.6%
-1720.9%
Capex Intensity
APD
APD
INHD
INHD
Q4 25
40.3%
Q3 25
47.9%
Q2 25
49.5%
Q1 25
64.9%
Q4 24
72.2%
13.7%
Q3 24
65.1%
27.5%
Q2 24
53.8%
337.1%
Q1 24
57.0%
118.1%
Cash Conversion
APD
APD
INHD
INHD
Q4 25
1.33×
Q3 25
Q2 25
1.20×
Q1 25
Q4 24
1.31×
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%

INHD
INHD

Segment breakdown not available.

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