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Side-by-side financial comparison of Air Products (APD) and SOMNIGROUP INTERNATIONAL INC. (SGI). Click either name above to swap in a different company.
Air Products is the larger business by last-quarter revenue ($3.1B vs $1.9B, roughly 1.7× SOMNIGROUP INTERNATIONAL INC.). Air Products runs the higher net margin — 21.9% vs 7.5%, a 14.3% gap on every dollar of revenue. On growth, SOMNIGROUP INTERNATIONAL INC. posted the faster year-over-year revenue change (54.7% vs 5.8%). SOMNIGROUP INTERNATIONAL INC. produced more free cash flow last quarter ($41.1M vs $-350.5M). Over the past eight quarters, SOMNIGROUP INTERNATIONAL INC.'s revenue compounded faster (25.3% 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...
Somnigroup International Inc. is an American manufacturer of mattresses and bedding products.
APD vs SGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $1.9B |
| Net Profit | $678.2M | $140.8M |
| Gross Margin | 32.1% | 44.0% |
| Operating Margin | 23.7% | 13.2% |
| Net Margin | 21.9% | 7.5% |
| Revenue YoY | 5.8% | 54.7% |
| Net Profit YoY | 9.8% | 95.8% |
| EPS (diluted) | $3.04 | $0.71 |
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 | $1.9B | ||
| Q3 25 | $3.2B | $2.1B | ||
| Q2 25 | $3.0B | $1.9B | ||
| Q1 25 | $2.9B | $1.6B | ||
| Q4 24 | $2.9B | $1.2B | ||
| Q3 24 | $3.2B | $1.3B | ||
| Q2 24 | $3.0B | $1.2B | ||
| Q1 24 | $2.9B | $1.2B |
| Q4 25 | $678.2M | $140.8M | ||
| Q3 25 | $4.9M | $177.4M | ||
| Q2 25 | $713.8M | $99.0M | ||
| Q1 25 | $-1.7B | $-33.1M | ||
| Q4 24 | $617.4M | $71.9M | ||
| Q3 24 | $1.9B | $130.0M | ||
| Q2 24 | $696.6M | $106.1M | ||
| Q1 24 | $572.4M | $76.3M |
| Q4 25 | 32.1% | 44.0% | ||
| Q3 25 | 32.3% | 44.9% | ||
| Q2 25 | 32.5% | 44.0% | ||
| Q1 25 | 29.6% | 36.2% | ||
| Q4 24 | 31.2% | 43.3% | ||
| Q3 24 | 34.0% | 45.4% | ||
| Q2 24 | 32.8% | 44.9% | ||
| Q1 24 | 32.0% | 43.1% |
| Q4 25 | 23.7% | 13.2% | ||
| Q3 25 | 0.5% | 14.8% | ||
| Q2 25 | 26.2% | 9.6% | ||
| Q1 25 | -79.8% | 0.8% | ||
| Q4 24 | 22.0% | 10.6% | ||
| Q3 24 | 76.1% | 15.5% | ||
| Q2 24 | 24.7% | 14.0% | ||
| Q1 24 | 21.7% | 11.1% |
| Q4 25 | 21.9% | 7.5% | ||
| Q3 25 | 0.2% | 8.4% | ||
| Q2 25 | 23.6% | 5.3% | ||
| Q1 25 | -59.3% | -2.1% | ||
| Q4 24 | 21.1% | 6.0% | ||
| Q3 24 | 61.2% | 10.0% | ||
| Q2 24 | 23.3% | 8.6% | ||
| Q1 24 | 19.5% | 6.4% |
| Q4 25 | $3.04 | $0.71 | ||
| Q3 25 | $0.03 | $0.83 | ||
| Q2 25 | $3.20 | $0.47 | ||
| Q1 25 | $-7.77 | $-0.17 | ||
| Q4 24 | $2.77 | $0.40 | ||
| Q3 24 | $8.75 | $0.73 | ||
| Q2 24 | $3.13 | $0.60 | ||
| Q1 24 | $2.57 | $0.43 |
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 | — |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $15.4B | $3.1B |
| Total Assets | $41.2B | $11.6B |
| Debt / EquityLower = less leverage | — | 1.47× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.5B |
| Q4 25 | $15.4B | $3.1B | ||
| Q3 25 | $15.0B | $3.0B | ||
| Q2 25 | $15.5B | $2.8B | ||
| Q1 25 | $14.7B | $2.7B | ||
| Q4 24 | $16.7B | $559.0M | ||
| Q3 24 | $17.0B | $564.5M | ||
| Q2 24 | $15.1B | $411.8M | ||
| Q1 24 | $14.9B | $326.6M |
| Q4 25 | $41.2B | $11.6B | ||
| Q3 25 | $41.1B | $11.4B | ||
| Q2 25 | $41.7B | $11.4B | ||
| Q1 25 | $38.9B | $11.3B | ||
| Q4 24 | $40.0B | $6.0B | ||
| Q3 24 | $39.6B | $4.6B | ||
| Q2 24 | $37.0B | $4.6B | ||
| Q1 24 | $35.9B | $4.6B |
| Q4 25 | — | 1.47× | ||
| Q3 25 | — | 1.51× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.79× | ||
| Q4 24 | — | 6.69× | ||
| Q3 24 | — | 3.95× | ||
| Q2 24 | — | 5.92× | ||
| Q1 24 | — | 7.74× |
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 | $99.4M |
| Free Cash FlowOCF − Capex | $-350.5M | $41.1M |
| FCF MarginFCF / Revenue | -11.3% | 2.2% |
| Capex IntensityCapex / Revenue | 40.3% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.33× | 0.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | $633.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $900.7M | $99.4M | ||
| Q3 25 | — | $408.2M | ||
| Q2 25 | $855.8M | $186.1M | ||
| Q1 25 | $328.1M | $106.4M | ||
| Q4 24 | $811.7M | $129.1M | ||
| Q3 24 | — | $256.6M | ||
| Q2 24 | $1.3B | $150.6M | ||
| Q1 24 | $801.7M | $130.2M |
| Q4 25 | $-350.5M | $41.1M | ||
| Q3 25 | — | $360.3M | ||
| Q2 25 | $-640.0M | $149.4M | ||
| Q1 25 | $-1.6B | $82.4M | ||
| Q4 24 | $-1.3B | $108.2M | ||
| Q3 24 | — | $240.2M | ||
| Q2 24 | $-345.2M | $122.1M | ||
| Q1 24 | $-867.7M | $98.7M |
| Q4 25 | -11.3% | 2.2% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | -21.2% | 7.9% | ||
| Q1 25 | -53.6% | 5.1% | ||
| Q4 24 | -44.5% | 9.0% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | -11.6% | 9.9% | ||
| Q1 24 | -29.6% | 8.3% |
| Q4 25 | 40.3% | 3.1% | ||
| Q3 25 | 47.9% | 2.3% | ||
| Q2 25 | 49.5% | 2.0% | ||
| Q1 25 | 64.9% | 1.5% | ||
| Q4 24 | 72.2% | 1.7% | ||
| Q3 24 | 65.1% | 1.3% | ||
| Q2 24 | 53.8% | 2.3% | ||
| Q1 24 | 57.0% | 2.6% |
| Q4 25 | 1.33× | 0.71× | ||
| Q3 25 | — | 2.30× | ||
| Q2 25 | 1.20× | 1.88× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.31× | 1.80× | ||
| Q3 24 | — | 1.97× | ||
| Q2 24 | 1.81× | 1.42× | ||
| Q1 24 | 1.40× | 1.71× |
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% |
SGI
| Mattress Firm Segment | $892.1M | 48% |
| Tempur Sealy North America Segment | $620.5M | 33% |
| Tempur Sealy International Segment | $355.8M | 19% |
