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Side-by-side financial comparison of Air Products (APD) and Williams-Sonoma, Inc. (WSM). Click either name above to swap in a different company.
Air Products is the larger business by last-quarter revenue ($3.2B vs $1.9B, roughly 1.7× Williams-Sonoma, Inc.). Air Products runs the higher net margin — 22.9% vs 12.8%, a 10.0% gap on every dollar of revenue. On growth, Air Products posted the faster year-over-year revenue change (8.8% vs 4.6%). Over the past eight quarters, Air Products's revenue compounded faster (3.1% CAGR vs -9.1%).
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...
Williams Sonoma is an American retailer of cookware, appliances, and home furnishings. It is owned by Williams-Sonoma, Inc., and was founded by Charles E. (Chuck) Williams in 1956.
APD vs WSM — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $1.9B |
| Net Profit | $724.8M | $241.6M |
| Gross Margin | 31.1% | 46.1% |
| Operating Margin | — | 17.0% |
| Net Margin | 22.9% | 12.8% |
| Revenue YoY | 8.8% | 4.6% |
| Net Profit YoY | 166.6% | -3.0% |
| EPS (diluted) | $3.19 | $1.96 |
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 | — | ||
| Q4 25 | $3.1B | $1.9B | ||
| Q3 25 | $3.2B | $1.8B | ||
| Q2 25 | $3.0B | $1.7B | ||
| Q1 25 | $2.9B | $2.5B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $3.2B | $1.8B | ||
| Q2 24 | $3.0B | $1.7B |
| Q1 26 | $724.8M | — | ||
| Q4 25 | $678.2M | $241.6M | ||
| Q3 25 | $4.9M | $247.6M | ||
| Q2 25 | $713.8M | $231.3M | ||
| Q1 25 | $-1.7B | $384.9M | ||
| Q4 24 | $617.4M | $249.0M | ||
| Q3 24 | $1.9B | $225.7M | ||
| Q2 24 | $696.6M | $265.7M |
| Q1 26 | 31.1% | — | ||
| Q4 25 | 32.1% | 46.1% | ||
| Q3 25 | 32.3% | 47.1% | ||
| Q2 25 | 32.5% | 44.3% | ||
| Q1 25 | 29.6% | 45.2% | ||
| Q4 24 | 31.2% | 46.7% | ||
| Q3 24 | 34.0% | 46.2% | ||
| Q2 24 | 32.8% | 48.3% |
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 17.0% | ||
| Q3 25 | 0.5% | 17.9% | ||
| Q2 25 | 26.2% | 16.8% | ||
| Q1 25 | -79.8% | 20.1% | ||
| Q4 24 | 22.0% | 17.8% | ||
| Q3 24 | 76.1% | 16.2% | ||
| Q2 24 | 24.7% | 19.5% |
| Q1 26 | 22.9% | — | ||
| Q4 25 | 21.9% | 12.8% | ||
| Q3 25 | 0.2% | 13.5% | ||
| Q2 25 | 23.6% | 13.4% | ||
| Q1 25 | -59.3% | 15.6% | ||
| Q4 24 | 21.1% | 13.8% | ||
| Q3 24 | 61.2% | 12.6% | ||
| Q2 24 | 23.3% | 16.0% |
| Q1 26 | $3.19 | — | ||
| Q4 25 | $3.04 | $1.96 | ||
| Q3 25 | $0.03 | $2.00 | ||
| Q2 25 | $3.20 | $1.85 | ||
| Q1 25 | $-7.77 | $1.02 | ||
| Q4 24 | $2.77 | $1.96 | ||
| Q3 24 | $8.75 | $1.74 | ||
| Q2 24 | $3.13 | $4.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $884.7M |
| Total DebtLower is stronger | $17.4M | — |
| Stockholders' EquityBook value | $18.1M | $2.1B |
| Total Assets | $41.6M | $5.3B |
| Debt / EquityLower = less leverage | 0.96× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $884.7M | ||
| Q3 25 | $1.9B | $985.8M | ||
| Q2 25 | $2.3B | $1.0B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $2.0B | $826.8M | ||
| Q3 24 | $3.0B | $1.3B | ||
| Q2 24 | $2.4B | $1.3B |
| Q1 26 | $17.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $18.1M | — | ||
| Q4 25 | $15.4B | $2.1B | ||
| Q3 25 | $15.0B | $2.1B | ||
| Q2 25 | $15.5B | $2.2B | ||
| Q1 25 | $14.7B | $2.1B | ||
| Q4 24 | $16.7B | $1.9B | ||
| Q3 24 | $17.0B | $2.3B | ||
| Q2 24 | $15.1B | $2.2B |
| Q1 26 | $41.6M | — | ||
| Q4 25 | $41.2B | $5.3B | ||
| Q3 25 | $41.1B | $5.2B | ||
| Q2 25 | $41.7B | $5.2B | ||
| Q1 25 | $38.9B | $5.3B | ||
| Q4 24 | $40.0B | $5.0B | ||
| Q3 24 | $39.6B | $5.2B | ||
| Q2 24 | $37.0B | $5.2B |
| Q1 26 | 0.96× | — | ||
| 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 | — | $316.3M |
| Free Cash FlowOCF − Capex | — | $248.1M |
| FCF MarginFCF / Revenue | — | 13.2% |
| Capex IntensityCapex / Revenue | 56.4% | 3.6% |
| Cash ConversionOCF / Net Profit | — | 1.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $316.3M | ||
| Q3 25 | — | $282.7M | ||
| Q2 25 | $855.8M | $118.9M | ||
| Q1 25 | $328.1M | $633.5M | ||
| Q4 24 | $811.7M | $253.5M | ||
| Q3 24 | — | $246.5M | ||
| Q2 24 | $1.3B | $226.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-350.5M | $248.1M | ||
| Q3 25 | — | $230.7M | ||
| Q2 25 | $-640.0M | $60.7M | ||
| Q1 25 | $-1.6B | $566.3M | ||
| Q4 24 | $-1.3B | $170.1M | ||
| Q3 24 | — | $215.1M | ||
| Q2 24 | $-345.2M | $187.3M |
| Q1 26 | — | — | ||
| Q4 25 | -11.3% | 13.2% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | -21.2% | 3.5% | ||
| Q1 25 | -53.6% | 23.0% | ||
| Q4 24 | -44.5% | 9.4% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | -11.6% | 11.3% |
| Q1 26 | 56.4% | — | ||
| Q4 25 | 40.3% | 3.6% | ||
| Q3 25 | 47.9% | 2.8% | ||
| Q2 25 | 49.5% | 3.4% | ||
| Q1 25 | 64.9% | 2.7% | ||
| Q4 24 | 72.2% | 4.6% | ||
| Q3 24 | 65.1% | 1.8% | ||
| Q2 24 | 53.8% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.33× | 1.31× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | 1.20× | 0.51× | ||
| Q1 25 | — | 1.65× | ||
| Q4 24 | 1.31× | 1.02× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | 1.81× | 0.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
