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Side-by-side financial comparison of Air Products (APD) and SS&C Technologies Holdings Inc (SSNC). Click either name above to swap in a different company.
Air Products is the larger business by last-quarter revenue ($3.2B vs $1.6B, roughly 1.9× SS&C Technologies Holdings Inc). Air Products runs the higher net margin — 22.9% vs 13.7%, a 9.1% gap on every dollar of revenue. On growth, SS&C Technologies Holdings Inc posted the faster year-over-year revenue change (8.8% vs 8.8%). Over the past eight quarters, SS&C Technologies Holdings Inc's revenue compounded faster (6.5% 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...
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
APD vs SSNC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $1.6B |
| Net Profit | $724.8M | $226.1M |
| Gross Margin | 31.1% | 48.7% |
| Operating Margin | — | 24.2% |
| Net Margin | 22.9% | 13.7% |
| Revenue YoY | 8.8% | 8.8% |
| Net Profit YoY | 166.6% | 6.2% |
| EPS (diluted) | $3.19 | $0.91 |
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 | $1.6B | ||
| Q4 25 | $3.1B | $1.7B | ||
| Q3 25 | $3.2B | $1.6B | ||
| Q2 25 | $3.0B | $1.5B | ||
| Q1 25 | $2.9B | $1.5B | ||
| Q4 24 | $2.9B | $1.5B | ||
| Q3 24 | $3.2B | $1.5B | ||
| Q2 24 | $3.0B | $1.5B |
| Q1 26 | $724.8M | $226.1M | ||
| Q4 25 | $678.2M | $193.1M | ||
| Q3 25 | $4.9M | $210.0M | ||
| Q2 25 | $713.8M | $180.8M | ||
| Q1 25 | $-1.7B | $213.0M | ||
| Q4 24 | $617.4M | $248.2M | ||
| Q3 24 | $1.9B | $164.4M | ||
| Q2 24 | $696.6M | $190.3M |
| Q1 26 | 31.1% | 48.7% | ||
| Q4 25 | 32.1% | 47.8% | ||
| Q3 25 | 32.3% | 47.7% | ||
| Q2 25 | 32.5% | 48.0% | ||
| Q1 25 | 29.6% | 49.3% | ||
| Q4 24 | 31.2% | 49.3% | ||
| Q3 24 | 34.0% | 48.0% | ||
| Q2 24 | 32.8% | 48.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | 23.7% | 22.3% | ||
| Q3 25 | 0.5% | 23.3% | ||
| Q2 25 | 26.2% | 22.4% | ||
| Q1 25 | -79.8% | 23.6% | ||
| Q4 24 | 22.0% | 23.4% | ||
| Q3 24 | 76.1% | 22.2% | ||
| Q2 24 | 24.7% | 22.6% |
| Q1 26 | 22.9% | 13.7% | ||
| Q4 25 | 21.9% | 11.7% | ||
| Q3 25 | 0.2% | 13.4% | ||
| Q2 25 | 23.6% | 11.8% | ||
| Q1 25 | -59.3% | 14.1% | ||
| Q4 24 | 21.1% | 16.2% | ||
| Q3 24 | 61.2% | 11.2% | ||
| Q2 24 | 23.3% | 13.1% |
| Q1 26 | $3.19 | $0.91 | ||
| Q4 25 | $3.04 | $0.76 | ||
| Q3 25 | $0.03 | $0.83 | ||
| Q2 25 | $3.20 | $0.72 | ||
| Q1 25 | $-7.77 | $0.84 | ||
| Q4 24 | $2.77 | $0.98 | ||
| Q3 24 | $8.75 | $0.65 | ||
| Q2 24 | $3.13 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $420.9M |
| Total DebtLower is stronger | $17.4M | $7.4B |
| Stockholders' EquityBook value | $18.1M | $6.9B |
| Total Assets | $41.6M | $20.3B |
| Debt / EquityLower = less leverage | 0.96× | 1.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $420.9M | ||
| Q4 25 | $1.0B | $462.1M | ||
| Q3 25 | $1.9B | $388.3M | ||
| Q2 25 | $2.3B | $480.3M | ||
| Q1 25 | $1.6B | $515.0M | ||
| Q4 24 | $2.0B | $567.1M | ||
| Q3 24 | $3.0B | $694.7M | ||
| Q2 24 | $2.4B | $462.7M |
| Q1 26 | $17.4M | $7.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $18.1M | $6.9B | ||
| Q4 25 | $15.4B | $6.9B | ||
| Q3 25 | $15.0B | $6.9B | ||
| Q2 25 | $15.5B | $6.9B | ||
| Q1 25 | $14.7B | $6.8B | ||
| Q4 24 | $16.7B | $6.5B | ||
| Q3 24 | $17.0B | $6.8B | ||
| Q2 24 | $15.1B | $6.4B |
| Q1 26 | $41.6M | $20.3B | ||
| Q4 25 | $41.2B | $20.7B | ||
| Q3 25 | $41.1B | $19.5B | ||
| Q2 25 | $41.7B | $19.0B | ||
| Q1 25 | $38.9B | $20.4B | ||
| Q4 24 | $40.0B | $19.0B | ||
| Q3 24 | $39.6B | $18.4B | ||
| Q2 24 | $37.0B | $16.9B |
| Q1 26 | 0.96× | 1.08× | ||
| 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 | — | $299.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 56.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | 1.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $299.7M | ||
| Q4 25 | $900.7M | $643.5M | ||
| Q3 25 | — | $456.2M | ||
| Q2 25 | $855.8M | $372.9M | ||
| Q1 25 | $328.1M | $272.2M | ||
| Q4 24 | $811.7M | $486.6M | ||
| Q3 24 | — | $336.6M | ||
| Q2 24 | $1.3B | $384.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-350.5M | $633.0M | ||
| Q3 25 | — | $421.5M | ||
| Q2 25 | $-640.0M | $350.0M | ||
| Q1 25 | $-1.6B | $259.5M | ||
| Q4 24 | $-1.3B | $466.9M | ||
| Q3 24 | — | $310.7M | ||
| Q2 24 | $-345.2M | $374.9M |
| Q1 26 | — | — | ||
| Q4 25 | -11.3% | 38.3% | ||
| Q3 25 | — | 26.9% | ||
| Q2 25 | -21.2% | 22.8% | ||
| Q1 25 | -53.6% | 17.1% | ||
| Q4 24 | -44.5% | 30.5% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | -11.6% | 25.8% |
| Q1 26 | 56.4% | 0.0% | ||
| Q4 25 | 40.3% | 0.6% | ||
| Q3 25 | 47.9% | 2.2% | ||
| Q2 25 | 49.5% | 1.5% | ||
| Q1 25 | 64.9% | 0.8% | ||
| Q4 24 | 72.2% | 1.3% | ||
| Q3 24 | 65.1% | 1.8% | ||
| Q2 24 | 53.8% | 0.7% |
| Q1 26 | — | 1.33× | ||
| Q4 25 | 1.33× | 3.33× | ||
| Q3 25 | — | 2.17× | ||
| Q2 25 | 1.20× | 2.06× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | 1.31× | 1.96× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | 1.81× | 2.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APD
Segment breakdown not available.
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
