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Side-by-side financial comparison of Air Products (APD) and INSPERITY, INC. (NSP). Click either name above to swap in a different company.
Air Products is the larger business by last-quarter revenue ($3.2B vs $1.7B, roughly 1.9× INSPERITY, INC.). On growth, Air Products posted the faster year-over-year revenue change (8.8% vs 3.4%). Over the past eight quarters, Air Products's revenue compounded faster (3.1% CAGR vs -3.8%).
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...
Insperity, Inc., previously known as Administaff, Inc., is a professional employer organization (PEO) headquartered in Kingwood, an area of Houston, Texas, USA. Insperity provides human resources and administrative services to small and medium-sized businesses. Since 2004, the company has been title sponsor of a professional golf tournament on the Champions Tour, previously known as the Administaff Small Business Classic.
APD vs NSP — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $1.7B |
| Net Profit | $724.8M | — |
| Gross Margin | 31.1% | 10.3% |
| Operating Margin | — | -2.8% |
| Net Margin | 22.9% | — |
| Revenue YoY | 8.8% | 3.4% |
| Net Profit YoY | 166.6% | — |
| EPS (diluted) | $3.19 | $-0.87 |
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 | — | ||
| Q4 25 | $3.1B | $1.7B | ||
| Q3 25 | $3.2B | $1.6B | ||
| Q2 25 | $3.0B | $1.7B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | $2.9B | $1.6B | ||
| Q3 24 | $3.2B | $1.6B | ||
| Q2 24 | $3.0B | $1.6B |
| Q1 26 | $724.8M | — | ||
| Q4 25 | $678.2M | — | ||
| Q3 25 | $4.9M | $-20.0M | ||
| Q2 25 | $713.8M | $-5.0M | ||
| Q1 25 | $-1.7B | $51.0M | ||
| Q4 24 | $617.4M | — | ||
| Q3 24 | $1.9B | $3.0M | ||
| Q2 24 | $696.6M | $18.0M |
| Q1 26 | 31.1% | — | ||
| Q4 25 | 32.1% | 10.3% | ||
| Q3 25 | 32.3% | 12.0% | ||
| Q2 25 | 32.5% | 13.4% | ||
| Q1 25 | 29.6% | 16.6% | ||
| Q4 24 | 31.2% | 13.5% | ||
| Q3 24 | 34.0% | 14.7% | ||
| Q2 24 | 32.8% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | -2.8% | ||
| Q3 25 | 0.5% | -1.5% | ||
| Q2 25 | 26.2% | -0.4% | ||
| Q1 25 | -79.8% | 3.7% | ||
| Q4 24 | 22.0% | -0.9% | ||
| Q3 24 | 76.1% | 0.1% | ||
| Q2 24 | 24.7% | 1.4% |
| Q1 26 | 22.9% | — | ||
| Q4 25 | 21.9% | — | ||
| Q3 25 | 0.2% | -1.2% | ||
| Q2 25 | 23.6% | -0.3% | ||
| Q1 25 | -59.3% | 2.7% | ||
| Q4 24 | 21.1% | — | ||
| Q3 24 | 61.2% | 0.2% | ||
| Q2 24 | 23.3% | 1.1% |
| Q1 26 | $3.19 | — | ||
| Q4 25 | $3.04 | $-0.87 | ||
| Q3 25 | $0.03 | $-0.53 | ||
| Q2 25 | $3.20 | $-0.14 | ||
| Q1 25 | $-7.77 | $1.35 | ||
| Q4 24 | $2.77 | $-0.21 | ||
| Q3 24 | $8.75 | $0.07 | ||
| Q2 24 | $3.13 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $682.0M |
| Total DebtLower is stronger | $17.4M | — |
| Stockholders' EquityBook value | $18.1M | $46.0M |
| Total Assets | $41.6M | $2.2B |
| Debt / EquityLower = less leverage | 0.96× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $682.0M | ||
| Q3 25 | $1.9B | $521.0M | ||
| Q2 25 | $2.3B | $511.0M | ||
| Q1 25 | $1.6B | $684.0M | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $3.0B | $596.0M | ||
| Q2 24 | $2.4B | $850.0M |
| Q1 26 | $17.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $18.1M | — | ||
| Q4 25 | $15.4B | $46.0M | ||
| Q3 25 | $15.0B | $87.0M | ||
| Q2 25 | $15.5B | $112.0M | ||
| Q1 25 | $14.7B | $119.0M | ||
| Q4 24 | $16.7B | $97.0M | ||
| Q3 24 | $17.0B | $125.0M | ||
| Q2 24 | $15.1B | $142.0M |
| Q1 26 | $41.6M | — | ||
| Q4 25 | $41.2B | $2.2B | ||
| Q3 25 | $41.1B | $2.0B | ||
| Q2 25 | $41.7B | $2.0B | ||
| Q1 25 | $38.9B | $2.1B | ||
| Q4 24 | $40.0B | $2.6B | ||
| Q3 24 | $39.6B | $1.9B | ||
| Q2 24 | $37.0B | $2.1B |
| Q1 26 | 0.96× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $255.0M |
| Free Cash FlowOCF − Capex | — | $246.0M |
| FCF MarginFCF / Revenue | — | 14.7% |
| Capex IntensityCapex / Revenue | 56.4% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-309.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $255.0M | ||
| Q3 25 | — | $-11.0M | ||
| Q2 25 | $855.8M | $-79.0M | ||
| Q1 25 | $328.1M | $-443.0M | ||
| Q4 24 | $811.7M | $619.0M | ||
| Q3 24 | — | $-150.0M | ||
| Q2 24 | $1.3B | $20.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-350.5M | $246.0M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | $-640.0M | $-86.0M | ||
| Q1 25 | $-1.6B | $-449.0M | ||
| Q4 24 | $-1.3B | $606.0M | ||
| Q3 24 | — | $-164.0M | ||
| Q2 24 | $-345.2M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | -11.3% | 14.7% | ||
| Q3 25 | — | -1.2% | ||
| Q2 25 | -21.2% | -5.2% | ||
| Q1 25 | -53.6% | -24.1% | ||
| Q4 24 | -44.5% | 37.6% | ||
| Q3 24 | — | -10.5% | ||
| Q2 24 | -11.6% | 0.9% |
| Q1 26 | 56.4% | — | ||
| Q4 25 | 40.3% | 0.5% | ||
| Q3 25 | 47.9% | 0.6% | ||
| Q2 25 | 49.5% | 0.4% | ||
| Q1 25 | 64.9% | 0.3% | ||
| Q4 24 | 72.2% | 0.8% | ||
| Q3 24 | 65.1% | 0.9% | ||
| Q2 24 | 53.8% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | -8.69× | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | -50.00× | ||
| Q2 24 | 1.81× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APD
Segment breakdown not available.
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
