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Side-by-side financial comparison of Air Products (APD) and SONIC AUTOMOTIVE INC (SAH). Click either name above to swap in a different company.
SONIC AUTOMOTIVE INC is the larger business by last-quarter revenue ($3.9B vs $3.1B, roughly 1.2× Air Products). Air Products runs the higher net margin — 21.9% vs 1.2%, a 20.6% gap on every dollar of revenue. On growth, Air Products posted the faster year-over-year revenue change (5.8% vs -0.6%). SONIC AUTOMOTIVE INC produced more free cash flow last quarter ($-195.6M vs $-350.5M). Over the past eight quarters, SONIC AUTOMOTIVE INC's revenue compounded faster (7.0% 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...
Sonic Automotive is a Fortune 500 company based in Charlotte, North Carolina, and is the fifth largest automotive retailer in the United States as measured by total revenues. The company was founded by O Bruton Smith and completed its initial public offering on the NYSE in 1997.
APD vs SAH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $3.9B |
| Net Profit | $678.2M | $46.9M |
| Gross Margin | 32.1% | 15.5% |
| Operating Margin | 23.7% | 3.2% |
| Net Margin | 21.9% | 1.2% |
| Revenue YoY | 5.8% | -0.6% |
| Net Profit YoY | 9.8% | -20.0% |
| EPS (diluted) | $3.04 | $1.39 |
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 | $3.9B | ||
| Q3 25 | $3.2B | $4.0B | ||
| Q2 25 | $3.0B | $3.7B | ||
| Q1 25 | $2.9B | $3.7B | ||
| Q4 24 | $2.9B | $3.9B | ||
| Q3 24 | $3.2B | $3.5B | ||
| Q2 24 | $3.0B | $3.5B | ||
| Q1 24 | $2.9B | $3.4B |
| Q4 25 | $678.2M | $46.9M | ||
| Q3 25 | $4.9M | $46.8M | ||
| Q2 25 | $713.8M | $-45.6M | ||
| Q1 25 | $-1.7B | $70.6M | ||
| Q4 24 | $617.4M | $58.6M | ||
| Q3 24 | $1.9B | $74.2M | ||
| Q2 24 | $696.6M | $41.2M | ||
| Q1 24 | $572.4M | $42.0M |
| Q4 25 | 32.1% | 15.5% | ||
| Q3 25 | 32.3% | 15.5% | ||
| Q2 25 | 32.5% | 16.5% | ||
| Q1 25 | 29.6% | 15.5% | ||
| Q4 24 | 31.2% | 14.7% | ||
| Q3 24 | 34.0% | 15.6% | ||
| Q2 24 | 32.8% | 15.6% | ||
| Q1 24 | 32.0% | 15.8% |
| Q4 25 | 23.7% | 3.2% | ||
| Q3 25 | 0.5% | 3.1% | ||
| Q2 25 | 26.2% | -0.6% | ||
| Q1 25 | -79.8% | 4.0% | ||
| Q4 24 | 22.0% | 3.4% | ||
| Q3 24 | 76.1% | 3.3% | ||
| Q2 24 | 24.7% | 3.1% | ||
| Q1 24 | 21.7% | 3.2% |
| Q4 25 | 21.9% | 1.2% | ||
| Q3 25 | 0.2% | 1.2% | ||
| Q2 25 | 23.6% | -1.2% | ||
| Q1 25 | -59.3% | 1.9% | ||
| Q4 24 | 21.1% | 1.5% | ||
| Q3 24 | 61.2% | 2.1% | ||
| Q2 24 | 23.3% | 1.2% | ||
| Q1 24 | 19.5% | 1.2% |
| Q4 25 | $3.04 | $1.39 | ||
| Q3 25 | $0.03 | $1.33 | ||
| Q2 25 | $3.20 | $-1.34 | ||
| Q1 25 | $-7.77 | $2.04 | ||
| Q4 24 | $2.77 | $1.67 | ||
| Q3 24 | $8.75 | $2.13 | ||
| Q2 24 | $3.13 | $1.18 | ||
| Q1 24 | $2.57 | $1.20 |
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 | $6.3M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $15.4B | $1.1B |
| Total Assets | $41.2B | $6.0B |
| Debt / EquityLower = less leverage | — | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $6.3M | ||
| Q3 25 | $1.9B | $89.4M | ||
| Q2 25 | $2.3B | $110.4M | ||
| Q1 25 | $1.6B | $64.6M | ||
| Q4 24 | $2.0B | $44.0M | ||
| Q3 24 | $3.0B | $17.6M | ||
| Q2 24 | $2.4B | $67.2M | ||
| Q1 24 | $2.6B | $15.1M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $15.4B | $1.1B | ||
| Q3 25 | $15.0B | $1.1B | ||
| Q2 25 | $15.5B | $1.0B | ||
| Q1 25 | $14.7B | $1.1B | ||
| Q4 24 | $16.7B | $1.1B | ||
| Q3 24 | $17.0B | $1.0B | ||
| Q2 24 | $15.1B | $944.7M | ||
| Q1 24 | $14.9B | $904.4M |
| Q4 25 | $41.2B | $6.0B | ||
| Q3 25 | $41.1B | $6.0B | ||
| Q2 25 | $41.7B | $5.9B | ||
| Q1 25 | $38.9B | $5.9B | ||
| Q4 24 | $40.0B | $5.9B | ||
| Q3 24 | $39.6B | $5.8B | ||
| Q2 24 | $37.0B | $5.8B | ||
| Q1 24 | $35.9B | $5.4B |
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.83× |
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 | $66.9M |
| Free Cash FlowOCF − Capex | $-350.5M | $-195.6M |
| FCF MarginFCF / Revenue | -11.3% | -5.1% |
| Capex IntensityCapex / Revenue | 40.3% | 6.8% |
| Cash ConversionOCF / Net Profit | 1.33× | 1.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $192.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $900.7M | $66.9M | ||
| Q3 25 | — | $167.9M | ||
| Q2 25 | $855.8M | $136.8M | ||
| Q1 25 | $328.1M | $195.8M | ||
| Q4 24 | $811.7M | $87.7M | ||
| Q3 24 | — | $87.8M | ||
| Q2 24 | $1.3B | $-136.4M | ||
| Q1 24 | $801.7M | $70.1M |
| Q4 25 | $-350.5M | $-195.6M | ||
| Q3 25 | — | $134.4M | ||
| Q2 25 | $-640.0M | $102.7M | ||
| Q1 25 | $-1.6B | $150.8M | ||
| Q4 24 | $-1.3B | $-245.5M | ||
| Q3 24 | — | $34.5M | ||
| Q2 24 | $-345.2M | $-185.2M | ||
| Q1 24 | $-867.7M | $26.3M |
| Q4 25 | -11.3% | -5.1% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | -21.2% | 2.8% | ||
| Q1 25 | -53.6% | 4.1% | ||
| Q4 24 | -44.5% | -6.3% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | -11.6% | -5.4% | ||
| Q1 24 | -29.6% | 0.8% |
| Q4 25 | 40.3% | 6.8% | ||
| Q3 25 | 47.9% | 0.8% | ||
| Q2 25 | 49.5% | 0.9% | ||
| Q1 25 | 64.9% | 1.2% | ||
| Q4 24 | 72.2% | 8.6% | ||
| Q3 24 | 65.1% | 1.5% | ||
| Q2 24 | 53.8% | 1.4% | ||
| Q1 24 | 57.0% | 1.3% |
| Q4 25 | 1.33× | 1.43× | ||
| Q3 25 | — | 3.59× | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | 2.77× | ||
| Q4 24 | 1.31× | 1.50× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | 1.81× | -3.31× | ||
| Q1 24 | 1.40× | 1.67× |
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% |
SAH
| Retail New Vehicles | $1.9B | 48% |
| Other | $1.2B | 31% |
| Parts Serviceand Collision Repair | $515.2M | 13% |
| Finance Insurance And Other Net | $202.2M | 5% |
| Wholesale Vehicles | $63.9M | 2% |
| Fleet New Vehicles | $24.0M | 1% |
