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Air Products vs Crown Holdings

Air Products and Crown Holdings are similar in size: $12.04bn and $12.37bn of revenue in their latest fiscal years. Crown Holdings grew faster (4.8% against -0.5%). Crown Holdings kept more of each dollar of sales as profit: a net margin of 6.0% against -3.3%.

Latest fiscal yearAir ProductsAPD, 2025Crown HoldingsCCK, 2025
Revenue $12.04bn $12.37bn
Revenue growth -0.5% 4.8%
Net income −$395m $738m
Operating margin -7.3% —
Net margin -3.3% 6.0%
Return on equity -2.5% 25.6%
Free cash flow −$3.77bn $1.12bn
Cash $1.86bn $764m
Total debt $18.00bn $5.96bn
Debt to equity 119.8% —
Dividend per share $7.14 $1.04
Dividend yield 2.3% 1.1%
Share buybacks — $505m
Employees 21,300 23,000
Market value $70.41bn $13.35bn
Price vs our value range — Below our value range
Moat score 53 (Moderate) 53 (Moderate)
Insider trades, 12 months 0 buys, 2 sales 0 buys, 11 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.