Air Products and Chemicals (APD) vs PPG Industries (PPG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
PPG Industries (PPG) has outperformed Air Products and Chemicals (APD) over the past year, gaining 3.3% versus a gain of 2.7%. Over five years, APD leads with a -5.0% price change compared with -34.4% for PPG. Air Products and Chemicals is the larger company by market cap ($61.93 billion vs $23.36 billion), about 2.7 times the size, while PPG Industries is growing revenue faster (+0.2% vs -0.5%).
On valuation, PPG Industries trades at a lower forward P/E (12.2x vs 19.3x for Air Products and Chemicals). PPG Industries offers the higher dividend yield (2.70% vs 2.59%). PPG Industries converts more of its revenue into profit, with a net margin of 9.9% versus -3.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | APD | PPG |
|---|---|---|
| Share price | $278.12 | $105.08 |
| Market cap | $61.93B | $23.36B |
| 1-day change | -1.02% | -1.35% |
| YTD return | +12.59% | +2.56% |
| 1-year return | +2.67% | +3.32% |
| 5-year return | -4.98% | -34.45% |
| P/E ratio (TTM) | — | 15.30 |
| Forward P/E | 19.26 | 12.16 |
| EPS (TTM) | $-0.21 | $6.87 |
| Dividend yield | 2.59% | 2.70% |
| Annual dividend | $7.20 | $2.84 |
| Revenue (latest FY) | $12.04B | $15.88B |
| Revenue growth (YoY) | -0.52% | +0.19% |
| Net income (latest FY) | $-394.50M | $1.58B |
| Gross margin | 31.41% | 41.32% |
| Operating margin | -7.29% | — |
| Net margin | -3.28% | 9.93% |
| 52-week high | $314.87 | $133.43 |
| 52-week low | $229.11 | $93.39 |
| Distance from 52-week high | -11.67% | -21.25% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +23.50% | +19.63% |
| Average volume | 1.09M | 1.66M |
| Shares outstanding | 222.69M | 222.30M |
| Employees | 21,087 | 43,500 |
| Sector | Basic Materials | Consumer Discretionary |
| Industry | Major Chemicals | Paints/Coatings |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Air Products and Chemicals is about 2.7 times larger than PPG Industries by market value ($61.93B vs $23.36B).
- PPG Industries is more profitable, keeping 9.9 cents of every revenue dollar as net income versus -3.3 cents for Air Products and Chemicals.
- The two companies sit in different sectors: Air Products and Chemicals in Basic Materials and PPG Industries in Consumer Discretionary.
About Air Products and Chemicals
APD stock →Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally.
Basic Materials · Major Chemicals · 21,087 employees
About PPG Industries
PPG stock →PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.
Consumer Discretionary · Paints/Coatings · 43,500 employees
APD vs PPG FAQ
Which is bigger, Air Products and Chemicals or PPG Industries?
Air Products and Chemicals (APD) is larger, with a market capitalization of $61.93B compared with $23.36B for PPG Industries (PPG).
Which stock has performed better over the past year, APD or PPG?
PPG returned +3.32% over the past 12 months, compared with +2.67% for APD (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Air Products and Chemicals or PPG Industries?
PPG Industries has the higher yield at 2.70%, compared with 2.59% for Air Products and Chemicals.
Are Air Products and Chemicals and PPG Industries in the same industry?
No. Air Products and Chemicals is in the Basic Materials sector, while PPG Industries is in Consumer Discretionary.