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Side-by-side financial comparison of Air Products (APD) and Roper Technologies (ROP). Click either name above to swap in a different company.
Air Products is the larger business by last-quarter revenue ($3.2B vs $2.1B, roughly 1.5× Roper Technologies). Air Products runs the higher net margin — 22.9% vs 15.8%, a 7.1% gap on every dollar of revenue. On growth, Roper Technologies posted the faster year-over-year revenue change (11.3% vs 8.8%). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% CAGR vs 3.1%).
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...
Roper Technologies, Inc. is a holding company that owns companies in the technology sector.
APD vs ROP — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $2.1B |
| Net Profit | $724.8M | $331.0M |
| Gross Margin | 31.1% | 69.4% |
| Operating Margin | — | 27.2% |
| Net Margin | 22.9% | 15.8% |
| Revenue YoY | 8.8% | 11.3% |
| Net Profit YoY | 166.6% | 53.7% |
| EPS (diluted) | $3.19 | $4.87 |
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 | $2.1B | ||
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $3.2B | $2.0B | ||
| Q2 25 | $3.0B | $1.9B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | $2.9B | $1.9B | ||
| Q3 24 | $3.2B | $1.8B | ||
| Q2 24 | $3.0B | $1.7B |
| Q1 26 | $724.8M | $331.0M | ||
| Q4 25 | $678.2M | $428.4M | ||
| Q3 25 | $4.9M | $398.5M | ||
| Q2 25 | $713.8M | $378.3M | ||
| Q1 25 | $-1.7B | $331.1M | ||
| Q4 24 | $617.4M | $462.3M | ||
| Q3 24 | $1.9B | $367.9M | ||
| Q2 24 | $696.6M | $337.1M |
| Q1 26 | 31.1% | 69.4% | ||
| Q4 25 | 32.1% | 69.5% | ||
| Q3 25 | 32.3% | 69.5% | ||
| Q2 25 | 32.5% | 69.2% | ||
| Q1 25 | 29.6% | 68.7% | ||
| Q4 24 | 31.2% | 68.3% | ||
| Q3 24 | 34.0% | 69.2% | ||
| Q2 24 | 32.8% | 69.5% |
| Q1 26 | — | 27.2% | ||
| Q4 25 | 23.7% | 28.6% | ||
| Q3 25 | 0.5% | 28.4% | ||
| Q2 25 | 26.2% | 28.2% | ||
| Q1 25 | -79.8% | 27.9% | ||
| Q4 24 | 22.0% | 28.0% | ||
| Q3 24 | 76.1% | 28.1% | ||
| Q2 24 | 24.7% | 28.8% |
| Q1 26 | 22.9% | 15.8% | ||
| Q4 25 | 21.9% | 20.8% | ||
| Q3 25 | 0.2% | 19.8% | ||
| Q2 25 | 23.6% | 19.5% | ||
| Q1 25 | -59.3% | 17.6% | ||
| Q4 24 | 21.1% | 24.6% | ||
| Q3 24 | 61.2% | 20.8% | ||
| Q2 24 | 23.3% | 19.6% |
| Q1 26 | $3.19 | $4.87 | ||
| Q4 25 | $3.04 | $3.97 | ||
| Q3 25 | $0.03 | $3.68 | ||
| Q2 25 | $3.20 | $3.49 | ||
| Q1 25 | $-7.77 | $3.06 | ||
| Q4 24 | $2.77 | $4.29 | ||
| Q3 24 | $8.75 | $3.40 | ||
| Q2 24 | $3.13 | $3.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $382.9M |
| Total DebtLower is stronger | $17.4M | $9.7B |
| Stockholders' EquityBook value | $18.1M | $18.8B |
| Total Assets | $41.6M | $34.6B |
| Debt / EquityLower = less leverage | 0.96× | 0.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.9M | ||
| Q4 25 | $1.0B | $297.4M | ||
| Q3 25 | $1.9B | $320.0M | ||
| Q2 25 | $2.3B | $242.4M | ||
| Q1 25 | $1.6B | $372.8M | ||
| Q4 24 | $2.0B | $188.2M | ||
| Q3 24 | $3.0B | $269.6M | ||
| Q2 24 | $2.4B | $251.5M |
| Q1 26 | $17.4M | $9.7B | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $18.1M | $18.8B | ||
| Q4 25 | $15.4B | $19.9B | ||
| Q3 25 | $15.0B | $20.0B | ||
| Q2 25 | $15.5B | $19.6B | ||
| Q1 25 | $14.7B | $19.2B | ||
| Q4 24 | $16.7B | $18.9B | ||
| Q3 24 | $17.0B | $18.5B | ||
| Q2 24 | $15.1B | $18.1B |
| Q1 26 | $41.6M | $34.6B | ||
| Q4 25 | $41.2B | $34.6B | ||
| Q3 25 | $41.1B | $34.6B | ||
| Q2 25 | $41.7B | $33.2B | ||
| Q1 25 | $38.9B | $31.4B | ||
| Q4 24 | $40.0B | $31.3B | ||
| Q3 24 | $39.6B | $31.6B | ||
| Q2 24 | $37.0B | $29.8B |
| Q1 26 | 0.96× | 0.52× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| 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 | — | — |
| Free Cash FlowOCF − Capex | — | $507.0M |
| FCF MarginFCF / Revenue | — | 24.2% |
| Capex IntensityCapex / Revenue | 56.4% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $738.0M | ||
| Q3 25 | — | $869.5M | ||
| Q2 25 | $855.8M | $404.1M | ||
| Q1 25 | $328.1M | $528.7M | ||
| Q4 24 | $811.7M | $722.2M | ||
| Q3 24 | — | $755.4M | ||
| Q2 24 | $1.3B | $384.1M |
| Q1 26 | — | $507.0M | ||
| Q4 25 | $-350.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-640.0M | — | ||
| Q1 25 | $-1.6B | — | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-345.2M | — |
| Q1 26 | — | 24.2% | ||
| Q4 25 | -11.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -21.2% | — | ||
| Q1 25 | -53.6% | — | ||
| Q4 24 | -44.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.6% | — |
| Q1 26 | 56.4% | 0.5% | ||
| Q4 25 | 40.3% | — | ||
| Q3 25 | 47.9% | — | ||
| Q2 25 | 49.5% | — | ||
| Q1 25 | 64.9% | — | ||
| Q4 24 | 72.2% | — | ||
| Q3 24 | 65.1% | — | ||
| Q2 24 | 53.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.33× | 1.72× | ||
| Q3 25 | — | 2.18× | ||
| Q2 25 | 1.20× | 1.07× | ||
| Q1 25 | — | 1.60× | ||
| Q4 24 | 1.31× | 1.56× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | 1.81× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
