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Side-by-side financial comparison of Air Products (APD) and Legacy Housing Corp (LEGH). Click either name above to swap in a different company.
Air Products is the larger business by last-quarter revenue ($3.1B vs $25.5M, roughly 121.8× Legacy Housing Corp). Legacy Housing Corp runs the higher net margin — 32.2% vs 21.9%, a 10.3% gap on every dollar of revenue. On growth, Air Products posted the faster year-over-year revenue change (5.8% vs -30.6%). Legacy Housing Corp produced more free cash flow last quarter ($15.7M vs $-350.5M). Over the past eight quarters, Air Products's revenue compounded faster (2.9% CAGR vs -9.1%).
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...
Legacy Housing Corp is a prominent U.S.-based manufacturer of affordable manufactured homes, tiny homes, and accessory dwelling units. It mainly caters to low- and middle-income consumers across North America, providing customizable residential solutions, supporting construction materials, and after-sales services for individual and community development clients.
APD vs LEGH — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $25.5M |
| Net Profit | $678.2M | $8.2M |
| Gross Margin | 32.1% | 26.4% |
| Operating Margin | 23.7% | 40.4% |
| Net Margin | 21.9% | 32.2% |
| Revenue YoY | 5.8% | -30.6% |
| Net Profit YoY | 9.8% | -43.5% |
| EPS (diluted) | $3.04 | $0.38 |
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.
| Q4 25 | $3.1B | $25.5M | ||
| Q3 25 | $3.2B | $28.8M | ||
| Q2 25 | $3.0B | $38.4M | ||
| Q1 25 | $2.9B | $24.3M | ||
| Q4 24 | $2.9B | $36.7M | ||
| Q3 24 | $3.2B | $30.2M | ||
| Q2 24 | $3.0B | $31.7M | ||
| Q1 24 | $2.9B | $30.8M |
| Q4 25 | $678.2M | $8.2M | ||
| Q3 25 | $4.9M | $8.6M | ||
| Q2 25 | $713.8M | $14.7M | ||
| Q1 25 | $-1.7B | $10.3M | ||
| Q4 24 | $617.4M | $14.5M | ||
| Q3 24 | $1.9B | $15.8M | ||
| Q2 24 | $696.6M | $16.2M | ||
| Q1 24 | $572.4M | $15.1M |
| Q4 25 | 32.1% | 26.4% | ||
| Q3 25 | 32.3% | 20.2% | ||
| Q2 25 | 32.5% | 32.4% | ||
| Q1 25 | 29.6% | 29.2% | ||
| Q4 24 | 31.2% | 27.3% | ||
| Q3 24 | 34.0% | 29.2% | ||
| Q2 24 | 32.8% | 31.9% | ||
| Q1 24 | 32.0% | 33.6% |
| Q4 25 | 23.7% | 40.4% | ||
| Q3 25 | 0.5% | 33.7% | ||
| Q2 25 | 26.2% | 43.8% | ||
| Q1 25 | -79.8% | 47.7% | ||
| Q4 24 | 22.0% | 42.3% | ||
| Q3 24 | 76.1% | 50.8% | ||
| Q2 24 | 24.7% | 50.6% | ||
| Q1 24 | 21.7% | 54.3% |
| Q4 25 | 21.9% | 32.2% | ||
| Q3 25 | 0.2% | 30.0% | ||
| Q2 25 | 23.6% | 38.3% | ||
| Q1 25 | -59.3% | 42.3% | ||
| Q4 24 | 21.1% | 39.5% | ||
| Q3 24 | 61.2% | 52.4% | ||
| Q2 24 | 23.3% | 51.1% | ||
| Q1 24 | 19.5% | 49.1% |
| Q4 25 | $3.04 | $0.38 | ||
| Q3 25 | $0.03 | $0.35 | ||
| Q2 25 | $3.20 | $0.60 | ||
| Q1 25 | $-7.77 | $0.41 | ||
| Q4 24 | $2.77 | $0.59 | ||
| Q3 24 | $8.75 | $0.64 | ||
| Q2 24 | $3.13 | $0.65 | ||
| Q1 24 | $2.57 | $0.60 |
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 | $8.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.4B | $528.6M |
| Total Assets | $41.2B | $580.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $8.5M | ||
| Q3 25 | $1.9B | $13.6M | ||
| Q2 25 | $2.3B | $2.6M | ||
| Q1 25 | $1.6B | $3.4M | ||
| Q4 24 | $2.0B | $1.1M | ||
| Q3 24 | $3.0B | $570.0K | ||
| Q2 24 | $2.4B | $60.0K | ||
| Q1 24 | $2.6B | $621.0K |
| Q4 25 | $15.4B | $528.6M | ||
| Q3 25 | $15.0B | $521.6M | ||
| Q2 25 | $15.5B | $512.8M | ||
| Q1 25 | $14.7B | $503.7M | ||
| Q4 24 | $16.7B | $494.0M | ||
| Q3 24 | $17.0B | $479.3M | ||
| Q2 24 | $15.1B | $463.2M | ||
| Q1 24 | $14.9B | $450.4M |
| Q4 25 | $41.2B | $580.3M | ||
| Q3 25 | $41.1B | $557.9M | ||
| Q2 25 | $41.7B | $552.0M | ||
| Q1 25 | $38.9B | $544.6M | ||
| Q4 24 | $40.0B | $534.2M | ||
| Q3 24 | $39.6B | $521.4M | ||
| Q2 24 | $37.0B | $514.9M | ||
| Q1 24 | $35.9B | $510.0M |
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 | $19.0M |
| Free Cash FlowOCF − Capex | $-350.5M | $15.7M |
| FCF MarginFCF / Revenue | -11.3% | 61.6% |
| Capex IntensityCapex / Revenue | 40.3% | 13.1% |
| Cash ConversionOCF / Net Profit | 1.33× | 2.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | $28.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $900.7M | $19.0M | ||
| Q3 25 | — | $7.2M | ||
| Q2 25 | $855.8M | $6.1M | ||
| Q1 25 | $328.1M | $4.9M | ||
| Q4 24 | $811.7M | $7.9M | ||
| Q3 24 | — | $13.8M | ||
| Q2 24 | $1.3B | $3.5M | ||
| Q1 24 | $801.7M | $10.8M |
| Q4 25 | $-350.5M | $15.7M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | $-640.0M | $3.7M | ||
| Q1 25 | $-1.6B | $3.6M | ||
| Q4 24 | $-1.3B | $6.0M | ||
| Q3 24 | — | $9.1M | ||
| Q2 24 | $-345.2M | $1.7M | ||
| Q1 24 | $-867.7M | $9.9M |
| Q4 25 | -11.3% | 61.6% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | -21.2% | 9.6% | ||
| Q1 25 | -53.6% | 15.0% | ||
| Q4 24 | -44.5% | 16.4% | ||
| Q3 24 | — | 30.2% | ||
| Q2 24 | -11.6% | 5.4% | ||
| Q1 24 | -29.6% | 32.2% |
| Q4 25 | 40.3% | 13.1% | ||
| Q3 25 | 47.9% | 7.1% | ||
| Q2 25 | 49.5% | 6.2% | ||
| Q1 25 | 64.9% | 5.2% | ||
| Q4 24 | 72.2% | 5.1% | ||
| Q3 24 | 65.1% | 15.6% | ||
| Q2 24 | 53.8% | 5.5% | ||
| Q1 24 | 57.0% | 2.8% |
| Q4 25 | 1.33× | 2.32× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | 1.20× | 0.41× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 1.31× | 0.54× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | 1.81× | 0.21× | ||
| Q1 24 | 1.40× | 0.71× |
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% |
LEGH
| Commercial Sales | $8.6M | 34% |
| Retail Store Sales | $6.0M | 24% |
| Inventory Finance Sales | $5.0M | 20% |
| Direct Sales | $4.4M | 17% |
| Other | $1.5M | 6% |
