Allentown, Pennsylvania-based Air Products and Chemicals, Inc. (APD) provides atmospheric gases, process and specialty gases, equipment, and related services. Valued at $68.8 billion by market cap, the company develops, engineers, builds, owns, and operates some of the world's largest industrial gas projects, including gasification projects for producing high-value power, fuels, and chemicals.
Shares of this world-leading industrial gases company have underperformed the broader market over the past year. APD has gained 3.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 20.1%. However, in 2026, APD stock is up 21.8%, surpassing SPX’s 13.1% rise on a YTD basis.
