PerpEquities

Equity

Air Products and Chemicals, Inc. (APD) perpetual futures

APD perpetual futures on 5 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade APDUSDT.

Air Products and Chemicals, Inc. supplies industrial and specialty gases, gas production equipment and related services to industries including refining, chemicals, metals, electronics, food and beverage, medical imaging and energy generation.

$305.16-1.5%NYSE closed
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venue perp mark · BingX (APD-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

5/5 live markets
Venues
5
Live markets
5/5
24h volume
$461.3K
Open interest
$1.4M
Best liquidity
$309.5K
Bitget
Tightest spread
+18.4 bps
Bitget
Highest volume
$245.1K
BingX
Settlement mix
USDT · 5/5
Perp/spot vol.
0.00x
Spot volume $328.3M
OI / float
0.00%
Float $67.9B
Spot performance
1D-1.50%
5D-3.82%
1M+9.61%
6M+3.34%
YTD+23.41%
1Y+17.36%

Venue matrix

5 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeAPD-USDTTrading$305.19-5.5% APR
-0.00500% every 8h
+68.8 bps$222.4K$245.1K$5.9USDT-
HTXTradeAPD/USDTTrading$305.380.0% APR
0.000% every 8h
+224.2 bps$0$109.3K$5.1KUSDT-
MEXCTradeAPD/USDTTrading$305.390.0% APR
0.000% every 8h
+68.2 bps$94.3K$100.8K$1.3MUSDT20x
BitgetTradeAPD/USDTTrading$305.160.0% APR
0.000% every 8h
+18.4 bps$309.5K$5.1K$14KUSDT20x
Gate.ioTradeAPD/USDTTrading$305.150.0% APR
0.000% every 8h
+148.2 bps$15.4K$1K$11.8KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 3 of 5 venues absorb $10k · Typical cost: +48.5 bps – +71.1 bps

Cheapest execution: Bitget · +27.6 bps

No fresh book data: Gate.io, HTX

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

APD

Tightest spread

APD

Highest volume

APD

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q4 '26 · filed 2026-11-05 · next report 2027-01-29 · Updated 31m ago
All financials →

Valuation & key figures

Market cap
$67.9B
Updated 31m ago
Revenue
$13B
Trailing 12 months
Revenue growth
+4%
Next fiscal year
Profit margin
+4.1%
P/E
127.5
Peer P/E 27.6
P/S
5.2
Peer P/E
27.6
Similar listed perps
Free cash flow
$2.1B
Trailing 12 months
Net income
$532.1M
Trailing 12 months
Revenue estimate
$13.5B
Next fiscal year
Earnings
2027-01-29
Revenue est. $3.3B · Updated 31m ago
Dividend
$1.81
2027-01-04
Revenue (TTM)$13B+7.9% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-0.3%+7.0 pp vs a year agoOperating income -$40.9M
Net income (TTM)$532M+234.9% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)–– vs a year agoCapex –
Diluted EPS (TTM)$2.39+234.4% vs a year agoSum of the last 4 quarters
Net cash-$16.7B-1.1% vs a year agoCash + short-term investments - debt
  • Last report (2026-11-05): revenue beat by 6.6%, EPS in lineRevenue $3.56B vs $3.33B expected (+6.6%); EPS $3.61 vs $3.61 (0.0%).
  • Revenue growth accelerating: 12.3% year on yearQ4 '26 revenue $3.56B, against an average of 4.6% over the four quarters before.
  • Operating margin -0.3% (TTM), +7.0 pp on a year agoOperating income grew 95.3% while revenue grew 7.9%.
  • 107.4% of pre-tax profit is non-operatingPre-tax income $552M vs operating income -$40.9M (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
On-site$1.67B+8.2%52.9%
Merchant$1.39B+3.8%43.9%
Sale of Equipment$103M-27.9%3.3%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 342 lines Air Products and Chemicals, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-01-29
Revenue est. $3.3B · Updated 31m ago
Dividend
$1.81
2027-01-04

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202613.45$12.8B+6%12
FY 202714.45$13.5B+4%13
FY 202815.66$14.4B+11%9
FY 202918.36$16.4B+27%2
FY 203020.81$17.8B+37%1
Q4 20283.87$3.6B0%5

Company events

6
2027-01-29EarningsActual - / Estimate 3.44-
2027-01-04Dividend$1.81-
2026-11-05Earnings · Before market openActual 3.61 / Estimate 3.61In line
2026-10-01Dividend$1.81-
2026-07-30EarningsActual 3.47 / Estimate 3.34Beat
2026-07-01Dividend$1.81-

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 04:04 PM UTC

Company profile

Sector
Basic Materials
Industry
Chemicals - Specialty
Chief executive
Eduardo F. Menezes
Employees
21,194
IPO date
Mar 17, 1980
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei2.89
Piotroski scorei4/9
Overall ratingiD+
Owner earningsi$523.87M$2.35 per share
ESG risk ratingiB+Industry rank: 2 out of 74

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
1
Price to earningsi
1
Price to booki
1
Market cap history
$70.50B+8.0%Aug 26 – Oct 26
$62.11B$66.30B$70.50BLow: $62.11B · 2026-09-28Latest: $70.50B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $70.50B · 2026-10-30High: $70.50B · 2026-10-30Low: $62.11B · 2026-09-28
Largest fund holders
FundWeightShares held
VTI0.08%7.1M
VECA.S0.13%7M
VOO0.09%5.8M
VO0.61%4.8M
VCPA.S0.06%3.3M
IVV0.11%3M
XSP.TO0.1%3M
SPY0.1%2.7M
FXAIX0.09%2.5M
VTV0.23%2.1M
VSCA.S0.06%2M
VOE1.05%1.4M

Analyst track record

How the analysts covering APD have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings106305
Analysts2633
Buy / hold / sell62 / 43 / 1186 / 113 / 6
Upgrades / downgrades / initiations8 / 3 / 418 / 15 / 7
Price targets hit / missed45 / 56 (45%)133 / 152 (47%)
Avg. return after a rating (TipRanks)+0.8%+1.0%
Best / worst call+29.7% / -15.3%+32.4% / -23.8%

After buy calls on this stock: median 21-day move +0.2% vs S&P 500 -1.9% (n = 183)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. John McNultyBMO Capital75% hit rate on this stock · 12 targets measuredBuytarget $362Nov 6, 2026
  2. Patrick CunninghamCiti47% hit rate on this stock · 15 targets measuredHoldtarget $312Oct 8, 2026
  3. John Roberts CFAMizuho Securities40% hit rate on this stock · 15 targets measuredBuytarget $360Nov 6, 2026

Latest ratings

DateAnalystCallTarget
Nov 6, 2026John McNultyBMO CapitalBuyReiterated$362
Nov 6, 2026Joshua SpectorUBSHoldMaintained$330
Nov 6, 2026Joshua SpectorUBSHoldMaintained$330
Nov 5, 2026Arun ViswanathanRBC CapitalBuyMaintained$359
Nov 6, 2026John Roberts CFAMizuho SecuritiesBuyMaintained$360
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$240$260$280$300$320$340Dec 25 · Buy 9 · Hold 7 · Sell 2Dec 25Jan 26 · Buy 9 · Hold 8 · Sell 0Feb 26 · Buy 8 · Hold 8 · Sell 0Feb 26Mar 26 · Buy 9 · Hold 7 · Sell 0Apr 26 · Buy 10 · Hold 7 · Sell 0Apr 26May 26 · Buy 12 · Hold 6 · Sell 0Jun 26 · Buy 12 · Hold 6 · Sell 0Jun 26Jul 26 · Buy 14 · Hold 7 · Sell 0Aug 26 · Buy 14 · Hold 7 · Sell 0Aug 26Sep 26 · Buy 14 · Hold 8 · Sell 0Oct 26 · Buy 14 · Hold 8 · Sell 0Oct 26Nov 26 · Buy 14 · Hold 8 · Sell 0Dec 25 · avg. target $289Jan 26 · avg. target $291Feb 26 · avg. target $297Mar 26 · avg. target $307Apr 26 · avg. target $316May 26 · avg. target $329Jun 26 · avg. target $329Jul 26 · avg. target $340Aug 26 · avg. target $341Sep 26 · avg. target $341Oct 26 · avg. target $340Nov 26 · avg. target $340Dec 25 · month-end close $247Jan 26 · month-end close $273Feb 26 · month-end close $276Mar 26 · month-end close $290Apr 26 · month-end close $300May 26 · month-end close $279Jun 26 · month-end close $293Jul 26 · month-end close $295Aug 26 · month-end close $309Sep 26 · month-end close $278Oct 26 · month-end close $316Nov 26 · month-end close $316

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 6, 2026 · 106 ratings

Frequently asked questions

Where can I trade APD perpetual futures?

Air Products and Chemicals, Inc. (APD) perpetual futures trade on 5 crypto venues, including BingX, HTX, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade APD around the clock?

Yes. Unlike the underlying stock, APD perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on APD perpetuals?

Right now the APD perp funding rate is 0.0% annualized (venue median), ranging from -5.5% to 0.0% across 5 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the APD perp price compare to the Air Products and Chemicals, Inc. stock?

The venue-median APD perp mark is $305.2 versus a reference stock price of $305.2, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a APD perpetual future?

A APD perpetual is a derivative that tracks the price of Air Products and Chemicals, Inc. with no expiry date. It lets you take long or short exposure to Air Products and Chemicals, Inc. on crypto venues, around the clock.

What is APDUSDT perpetual?

APDUSDT is the symbol most crypto exchanges use for the Air Products and Chemicals, Inc. perpetual settled in USDT (Tether). It tracks the APD share price through an index, trades 24/7 with leverage and never expires.

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