COMPANY PROFILE

Air Products

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Industrial gases and related equipment for manufacturing, electronics, food, healthcare and energy industries

Allentown, United StatesFounded 1940Energy

Valuation $64B Market cap · 2026

Revenue $13B Latest reported FY

EBITDA $5.49B Latest reported FY

About Air Products

Air Products produces and supplies industrial gases — including hydrogen, oxygen, nitrogen, argon, helium and carbon dioxide — as well as related equipment and engineering services to industrial customers worldwide. Its products serve electronics and semiconductor manufacturing, food processing, healthcare, energy, metals, chemicals, automotive and aerospace applications. The company designs, builds, owns and operates air separation units and on-site gas production plants, delivers bulk, cylinder and packaged gases, and provides temporary gas supply services through its APEX express services. Air Products also supports industrial decarbonization, supplying hydrogen, syngas and carbon-capture related solutions to refining, chemicals, steelmaking and heavy transport customers.

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At a glance

Status: Listed
Founded: 1940
Headquarters: Allentown, United States
Listing: IPO 1978
Employees: 12,979
Open positions: 212
Dealroom signal: 30.0/100
Industry: Energy
Sub-industry: Clean Energy
Sector: Energy, Hydrogen, Sustainable Development Goals, Carbon Capture and Storage, Hydrogen Storage and Transportation, Green Hydrogen, Hydrogen Production, Clean Industry, Horizon Europe
Technology: Hardware, Deep Tech
Business model: Manufacturing
Client focus: b2b
Investment activity: 1 company, latest May 2025
Capital deployed: —
Preferred round: ACQUISITION
Links: Website LinkedIn X

Knowledge graph

Founder mafia, market maps, research and news connected to this company by Dealroom

Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
POST IPO EQUITY✓Other financing	Oct 2024	$0	—	Mantle Ridge	↗
POST IPO EQUITY✓Other financing	Aug 2023	$32M	—	Perpetual	↗

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	EBITDA	Margin	Profit	Margin	R&D
2026	$13B	+6%	$5.5B	43%	$759M	5.9%	$96M
2025	$12B	-0.5%	$5.1B	42.4%	−$395M	-3.3%	$96M
2024	$12B	-4%	$5B	41.1%	$3.8B	31.6%	$100M
2023	$13B	-0.8%	$4.7B	37%			$106M
2022	$13B	+23%	$4.3B	33.8%
2021	$10B	+16.6%	$4B	38.7%
2020	$8.9B	—	$3.7B	42%

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Growth signals

Air Products website traffic

Latest recorded traffic for Air Products is 240K monthly website visits, up 0% over the last three months. Air Products's team grew 0% over the past year.

Latest monthly visits240K 3-month web change0% 1-year team growth0%

Monthly website visitsApr 2016–Mar 2021

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Open positions

Openings linked to this company in Dealroom

Operator (Droogijs - Ploegendienst)Allentown, Lehigh County, Pennsylvania, United States · Other · Oct 5, 2026 Practicante Administrativo/a ChimboteChimbote, Peru, South America, Americas · Other · Oct 4, 2026 Maintenance SuperintendentLa Porte, Texas, United States, Northern America, Americas · Other · Oct 4, 2026 Liquid Truck DriverAllentown, Lehigh County, Pennsylvania, United States · Logistics · Oct 4, 2026 PG Depot EngineerBrussels, Brussels Region, Belgium · Logistics · Oct 2, 2026 Tax Accountant - Corporate Income tax ComplianceBarcelona, Spain, Southern Europe, Europe · Accounting · Oct 2, 2026 Income Tax Accounting AnalystAllentown, Pennsylvania, United States, Northern America, Americas · Accounting · Oct 2, 2026 Site Supervisor - Gen GasSanta Clara, California, United States, Northern America, Americas · Other · Oct 2, 2026

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