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Side-by-side financial comparison of Air Products (APD) and Altria (MO). Click either name above to swap in a different company.
Altria is the larger business by last-quarter revenue ($5.4B vs $3.2B, roughly 1.7× Air Products). Altria runs the higher net margin — 40.2% vs 22.9%, a 17.4% gap on every dollar of revenue. On growth, Air Products posted the faster year-over-year revenue change (8.8% vs 3.2%). Over the past eight quarters, Air Products's revenue compounded faster (3.1% CAGR vs -6.5%).
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...
Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches. It sells its tobacco products primarily to wholesalers, including distributors; and large retai...
APD vs MO — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $5.4B |
| Net Profit | $724.8M | $2.2B |
| Gross Margin | 31.1% | 64.6% |
| Operating Margin | — | 54.5% |
| Net Margin | 22.9% | 40.2% |
| Revenue YoY | 8.8% | 3.2% |
| Net Profit YoY | 166.6% | — |
| EPS (diluted) | $3.19 | $1.30 |
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 | $5.4B | ||
| Q4 25 | $3.1B | $5.8B | ||
| Q3 25 | $3.2B | $6.1B | ||
| Q2 25 | $3.0B | $6.1B | ||
| Q1 25 | $2.9B | $5.3B | ||
| Q4 24 | $2.9B | $6.0B | ||
| Q3 24 | $3.2B | $6.3B | ||
| Q2 24 | $3.0B | $6.2B |
| Q1 26 | $724.8M | $2.2B | ||
| Q4 25 | $678.2M | $1.1B | ||
| Q3 25 | $4.9M | $2.4B | ||
| Q2 25 | $713.8M | $2.4B | ||
| Q1 25 | $-1.7B | $1.1B | ||
| Q4 24 | $617.4M | $3.0B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $696.6M | $3.8B |
| Q1 26 | 31.1% | 64.6% | ||
| Q4 25 | 32.1% | 62.1% | ||
| Q3 25 | 32.3% | 62.8% | ||
| Q2 25 | 32.5% | 63.1% | ||
| Q1 25 | 29.6% | 61.8% | ||
| Q4 24 | 31.2% | 60.3% | ||
| Q3 24 | 34.0% | 60.8% | ||
| Q2 24 | 32.8% | 59.2% |
| Q1 26 | — | 54.5% | ||
| Q4 25 | 23.7% | 28.2% | ||
| Q3 25 | 0.5% | 53.2% | ||
| Q2 25 | 26.2% | 52.9% | ||
| Q1 25 | -79.8% | 34.0% | ||
| Q4 24 | 22.0% | 48.2% | ||
| Q3 24 | 76.1% | 50.4% | ||
| Q2 24 | 24.7% | 40.8% |
| Q1 26 | 22.9% | 40.2% | ||
| Q4 25 | 21.9% | 19.1% | ||
| Q3 25 | 0.2% | 39.1% | ||
| Q2 25 | 23.6% | 39.0% | ||
| Q1 25 | -59.3% | 20.5% | ||
| Q4 24 | 21.1% | 50.9% | ||
| Q3 24 | 61.2% | 36.6% | ||
| Q2 24 | 23.3% | 61.2% |
| Q1 26 | $3.19 | $1.30 | ||
| Q4 25 | $3.04 | $0.67 | ||
| Q3 25 | $0.03 | $1.41 | ||
| Q2 25 | $3.20 | $1.41 | ||
| Q1 25 | $-7.77 | $0.63 | ||
| Q4 24 | $2.77 | $1.78 | ||
| Q3 24 | $8.75 | $1.34 | ||
| Q2 24 | $3.13 | $2.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.5B |
| Total DebtLower is stronger | $17.4M | $24.6B |
| Stockholders' EquityBook value | $18.1M | — |
| Total Assets | $41.6M | $34.6B |
| Debt / EquityLower = less leverage | 0.96× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $1.0B | $4.5B | ||
| Q3 25 | $1.9B | $3.5B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $1.6B | $4.7B | ||
| Q4 24 | $2.0B | $3.1B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $2.4B | $1.8B |
| Q1 26 | $17.4M | $24.6B | ||
| Q4 25 | — | $25.7B | ||
| Q3 25 | — | $25.7B | ||
| Q2 25 | — | $24.7B | ||
| Q1 25 | — | $26.1B | ||
| Q4 24 | — | $24.9B | ||
| Q3 24 | — | $25.2B | ||
| Q2 24 | — | $25.0B |
| Q1 26 | $18.1M | — | ||
| Q4 25 | $15.4B | $-3.5B | ||
| Q3 25 | $15.0B | $-2.6B | ||
| Q2 25 | $15.5B | $-3.3B | ||
| Q1 25 | $14.7B | $-3.5B | ||
| Q4 24 | $16.7B | $-2.2B | ||
| Q3 24 | $17.0B | $-3.5B | ||
| Q2 24 | $15.1B | $-3.0B |
| Q1 26 | $41.6M | $34.6B | ||
| Q4 25 | $41.2B | $35.0B | ||
| Q3 25 | $41.1B | $35.0B | ||
| Q2 25 | $41.7B | $32.3B | ||
| Q1 25 | $38.9B | $35.8B | ||
| Q4 24 | $40.0B | $35.2B | ||
| Q3 24 | $39.6B | $34.2B | ||
| Q2 24 | $37.0B | $34.4B |
| Q1 26 | 0.96× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
