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. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, …
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Competitive advantage assessment
Key risks
ROIC Below WACC or PeersROIC at 30.4th percentile suggests inefficient capital deployment.
Air Products and Chemicals, Inc ranks #34 of 56
scored companies in Specialty Chemicals by moat score — the top 61%.
The widest moat in the group is WD-40 Company (WDFC)
at 81/100.
Moat scores for companies ranked near APD in Specialty Chemicals
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 58
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 59
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 28
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 26
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 35
· 15% of the moat score
Scale matters only when it converts into economics.
What is Air Products and Chemicals, Inc's moat score?
Air Products and Chemicals, Inc (APD) scores 37 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #34 of 56 scored companies in Specialty Chemicals, the top 61%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 56 companies in Specialty Chemicals. Its strongest defense is Customer Stickiness (59/100) and its weakest is Pricing Power (22/100).
How does Air Products and Chemicals, Inc compare with other Specialty Chemicals companies?
Air Products and Chemicals, Inc ranks #34 of 56 scored companies in Specialty Chemicals by moat score. The widest moat in Specialty Chemicals is WD-40 Company (WDFC) at 81/100. The companies ranked closest are Alto Ingredients, Inc. (ALTO) at 42 just above it and International Flavors & Fragran (IFF) at 35 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 56 companies in Specialty Chemicals. The defenses are then weighted to produce the overall score out of 100.
Why is Air Products and Chemicals, Inc scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Air Products and Chemicals, Inc?
The Corporate Default template measures 6 defenses, and APD scores: Pricing Power (22), Cost Advantage (58), Customer Stickiness (59), Capital Efficiency (28), Resilience (26), Scale & Market Position (35). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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