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Side-by-side financial comparison of Air Products (APD) and V F CORP (VFC). Click either name above to swap in a different company.

Air Products is the larger business by last-quarter revenue ($3.2B vs $2.9B, roughly 1.1× V F CORP). Air Products runs the higher net margin — 22.9% vs 10.5%, a 12.4% gap on every dollar of revenue. On growth, Air Products posted the faster year-over-year revenue change (8.8% vs 1.5%). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% 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...

The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.

APD vs VFC — Head-to-Head

Bigger by revenue
APD
APD
1.1× larger
APD
$3.2B
$2.9B
VFC
Growing faster (revenue YoY)
APD
APD
+7.3% gap
APD
8.8%
1.5%
VFC
Higher net margin
APD
APD
12.4% more per $
APD
22.9%
10.5%
VFC
Faster 2-yr revenue CAGR
VFC
VFC
Annualised
VFC
10.1%
3.1%
APD

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
APD
APD
VFC
VFC
Revenue
$3.2B
$2.9B
Net Profit
$724.8M
$300.8M
Gross Margin
31.1%
56.6%
Operating Margin
10.1%
Net Margin
22.9%
10.5%
Revenue YoY
8.8%
1.5%
Net Profit YoY
166.6%
79.3%
EPS (diluted)
$3.19
$0.76

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.

Revenue
APD
APD
VFC
VFC
Q1 26
$3.2B
Q4 25
$3.1B
$2.9B
Q3 25
$3.2B
$2.8B
Q2 25
$3.0B
$1.8B
Q1 25
$2.9B
$2.0B
Q4 24
$2.9B
$2.8B
Q3 24
$3.2B
$2.8B
Q2 24
$3.0B
$1.9B
Net Profit
APD
APD
VFC
VFC
Q1 26
$724.8M
Q4 25
$678.2M
$300.8M
Q3 25
$4.9M
$189.8M
Q2 25
$713.8M
$-116.4M
Q1 25
$-1.7B
$-150.8M
Q4 24
$617.4M
$167.8M
Q3 24
$1.9B
$52.2M
Q2 24
$696.6M
$-258.9M
Gross Margin
APD
APD
VFC
VFC
Q1 26
31.1%
Q4 25
32.1%
56.6%
Q3 25
32.3%
52.2%
Q2 25
32.5%
53.9%
Q1 25
29.6%
52.7%
Q4 24
31.2%
56.3%
Q3 24
34.0%
52.2%
Q2 24
32.8%
52.0%
Operating Margin
APD
APD
VFC
VFC
Q1 26
Q4 25
23.7%
10.1%
Q3 25
0.5%
11.2%
Q2 25
26.2%
-4.9%
Q1 25
-79.8%
2.2%
Q4 24
22.0%
8.0%
Q3 24
76.1%
9.9%
Q2 24
24.7%
-12.6%
Net Margin
APD
APD
VFC
VFC
Q1 26
22.9%
Q4 25
21.9%
10.5%
Q3 25
0.2%
6.8%
Q2 25
23.6%
-6.6%
Q1 25
-59.3%
-7.5%
Q4 24
21.1%
5.9%
Q3 24
61.2%
1.9%
Q2 24
23.3%
-13.6%
EPS (diluted)
APD
APD
VFC
VFC
Q1 26
$3.19
Q4 25
$3.04
$0.76
Q3 25
$0.03
$0.48
Q2 25
$3.20
$-0.30
Q1 25
$-7.77
$-0.37
Q4 24
$2.77
$0.43
Q3 24
$8.75
$0.13
Q2 24
$3.13
$-0.67

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APD
APD
VFC
VFC
Cash + ST InvestmentsLiquidity on hand
$1.5B
Total DebtLower is stronger
$17.4M
$3.6B
Stockholders' EquityBook value
$18.1M
$1.8B
Total Assets
$41.6M
$10.4B
Debt / EquityLower = less leverage
0.96×
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APD
APD
VFC
VFC
Q1 26
Q4 25
$1.0B
$1.5B
Q3 25
$1.9B
$419.1M
Q2 25
$2.3B
$642.4M
Q1 25
$1.6B
$429.4M
Q4 24
$2.0B
$1.4B
Q3 24
$3.0B
$492.2M
Q2 24
$2.4B
$637.4M
Total Debt
APD
APD
VFC
VFC
Q1 26
$17.4M
Q4 25
$3.6B
Q3 25
$3.5B
Q2 25
$3.6B
Q1 25
$3.4B
Q4 24
$3.9B
Q3 24
$4.0B
Q2 24
$3.9B
Stockholders' Equity
APD
APD
VFC
VFC
Q1 26
$18.1M
Q4 25
$15.4B
$1.8B
Q3 25
$15.0B
$1.5B
Q2 25
$15.5B
$1.3B
Q1 25
$14.7B
$1.5B
Q4 24
$16.7B
$1.7B
Q3 24
$17.0B
$1.4B
Q2 24
$15.1B
$1.4B
Total Assets
APD
APD
VFC
VFC
Q1 26
$41.6M
Q4 25
$41.2B
$10.4B
Q3 25
$41.1B
$10.6B
Q2 25
$41.7B
$10.2B
Q1 25
$38.9B
$9.4B
Q4 24
$40.0B
$10.6B
Q3 24
$39.6B
$12.2B
Q2 24
$37.0B
$11.5B
Debt / Equity
APD
APD
VFC
VFC
Q1 26
0.96×
Q4 25
1.99×
Q3 25
2.40×
Q2 25
2.76×
Q1 25
2.30×
Q4 24
2.31×
Q3 24
2.86×
Q2 24
2.84×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APD
APD
VFC
VFC
Operating Cash FlowLast quarter
$1.0B
Free Cash FlowOCF − Capex
$977.9M
FCF MarginFCF / Revenue
34.0%
Capex IntensityCapex / Revenue
56.4%
1.1%
Cash ConversionOCF / Net Profit
3.36×
TTM Free Cash FlowTrailing 4 quarters
$357.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APD
APD
VFC
VFC
Q1 26
Q4 25
$900.7M
$1.0B
Q3 25
$-227.0M
Q2 25
$855.8M
$-145.5M
Q1 25
$328.1M
$-171.1M
Q4 24
$811.7M
$918.1M
Q3 24
$-301.6M
Q2 24
$1.3B
$19.8M
Free Cash Flow
APD
APD
VFC
VFC
Q1 26
Q4 25
$-350.5M
$977.9M
Q3 25
$-253.5M
Q2 25
$-640.0M
$-173.7M
Q1 25
$-1.6B
$-193.0M
Q4 24
$-1.3B
$899.7M
Q3 24
$-322.4M
Q2 24
$-345.2M
$-5.4M
FCF Margin
APD
APD
VFC
VFC
Q1 26
Q4 25
-11.3%
34.0%
Q3 25
-9.0%
Q2 25
-21.2%
-9.9%
Q1 25
-53.6%
-9.6%
Q4 24
-44.5%
31.7%
Q3 24
-11.7%
Q2 24
-11.6%
-0.3%
Capex Intensity
APD
APD
VFC
VFC
Q1 26
56.4%
Q4 25
40.3%
1.1%
Q3 25
47.9%
0.9%
Q2 25
49.5%
1.6%
Q1 25
64.9%
1.1%
Q4 24
72.2%
0.6%
Q3 24
65.1%
0.8%
Q2 24
53.8%
1.3%
Cash Conversion
APD
APD
VFC
VFC
Q1 26
Q4 25
1.33×
3.36×
Q3 25
-1.20×
Q2 25
1.20×
Q1 25
Q4 24
1.31×
5.47×
Q3 24
-5.78×
Q2 24
1.81×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APD
APD

Segment breakdown not available.

VFC
VFC

Outdoor$1.9B67%
Sales Channel Through Intermediary$813.4M28%
Other$136.3M5%

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