APD vs. FNV: Air Products and Chemicals vs. Franco-Nevada Stock Comparison

November 11, 2026

How do Air Products and Chemicals (APD) and Franco-Nevada (FNV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Air Products and Chemicals (APD) and Franco-Nevada (FNV) both fall under the Materials industry group, but APD is classified in Chemicals while FNV is classified in Metals & Mining.

Company profile comparison for Air Products and Chemicals (APD) and Franco-Nevada (FNV)
Profile Item	APD	FNV
Name	Air Products and Chemicals Inc.	Franco-Nevada Corporation
Country/Region	United States	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Chemicals	Metals & Mining
GICS Sub-Industry	Industrial Gases	Gold
Market Capitalization	67.88 billion USD	49.17 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	December 7, 2007
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

APD

FNV

GSPC

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Air Products and Chemicals (APD) and Franco-Nevada (FNV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Air Products and Chemicals (APD) and Franco-Nevada (FNV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Air Products and Chemicals (APD) and Franco-Nevada (FNV)
Metric	APD	FNV
Total Return (1Y)	23.26%	37.48%
Total Return (3Y, Annualized)	8.49%	30.93%
Total Return (5Y, Annualized)	2.43%	13.51%

Risk Profile

Drawdown History

APD

FNV

GSPC

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Air Products and Chemicals (APD) and Franco-Nevada (FNV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Air Products and Chemicals (APD) and Franco-Nevada (FNV)
Metric	APD	FNV
Volatility (1Y, Annualized)	25.21%	39.71%
Beta (5Y)	0.67	0.28
Max Drawdown (5Y)	-31.77%	-37.12%
Avg. Volume (3M)	1.06M	716.56K

Risk-Adjusted Performance

Risk-Return Positioning

APD and FNV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Air Products and Chemicals (APD) and Franco-Nevada (FNV)
Metric	APD	FNV
Sharpe Ratio (1Y)	0.75	0.84
Sortino Ratio (1Y)	1.14	1.19

Profitability

ROE (TTM)

Franco-Nevada (FNV) at 19.91% sits in the top ROE quartile, while Air Products and Chemicals (APD) at 3.19% is closer to the peer norm — stronger capital efficiency for FNV.

APD

Materials industry group

3.19%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
APD: 3.19%
Q1: -3.41%
Min: -32.81%

FNV

Materials industry group

19.91%

Max: 52.88%
FNV: 19.91%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Franco-Nevada (FNV) at 64.23% converts revenue to bottom-line profit above its industry’s benchmark range, while Air Products and Chemicals (APD) at 4.10% keeps roughly the typical share for its industry.

APD

Materials industry group

4.10%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
APD: 4.10%
Q1: 0.00%
Min: -20.40%

FNV

Materials industry group

64.23%

FNV: 64.23%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Franco-Nevada (FNV) at 76.98% turns sales into operating profit above its industry’s benchmark range, while Air Products and Chemicals (APD) at 17.68% operates around its industry’s norm.

APD

Materials industry group

17.68%

Max: 66.70%
Q3: 28.92%
APD: 17.68%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

FNV

Materials industry group

76.98%

FNV: 76.98%
Max: 66.70%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Air Products and Chemicals (APD) and Franco-Nevada (FNV)
Metric	APD	FNV
ROE (TTM)	3.19%	19.91%
ROA (TTM)	4.80%	13.74%
Net Margin (TTM)	4.10%	64.23%
Operating Margin (TTM)	17.68%	76.98%
Gross Margin (TTM)	31.58%	92.09%

Growth

Revenue Growth

Franco-Nevada (FNV) at 63.69% sits in the top revenue growth quartile, while Air Products and Chemicals (APD) at -0.52% is in the bottom quartile, showing a clear gap in revenue momentum.

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Franco-Nevada (FNV) at 100.70% is around its peer norm for EPS growth, while Air Products and Chemicals (APD) at -110.30% drops into the bottom quartile, signaling weaker earnings momentum.

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Air Products and Chemicals (APD) and Franco-Nevada (FNV)
Metric	APD	FNV
Revenue Growth (YoY)	-0.52%	63.69%
Revenue Growth (3Y CAGR)	-1.77%	11.48%
EPS Growth (YoY)	-110.30%	100.70%
EPS Growth (3Y CAGR)	--	16.42%

Financial Strength

Current Ratio (MRQ)

Franco-Nevada (FNV) at 9.38 carries current ratio above its industry’s typical mid-range, while Air Products and Chemicals (APD) at 1.07 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

APD

Materials industry group

1.07

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
APD: 1.07
Min: 0.16

FNV

Materials industry group

9.38

FNV: 9.38
Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Air Products and Chemicals (APD) carries debt-to-equity ratio of 1.06 against its industry range, while Franco-Nevada (FNV) reports no figure this period.

APD

Materials industry group

1.06

Max: 1.98
APD: 1.06
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

FNV

Materials industry group

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00
FNV: --

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): FNV does not report debt-to-equity ratio, so it has no value marker; APD is benchmarked against the Materials industry group.

Financial Strength Metrics

Financial strength metrics for Air Products and Chemicals (APD) and Franco-Nevada (FNV)
Metric	APD	FNV
Current Ratio (MRQ)	1.07	9.38
Debt / Equity (MRQ)	1.06	--
Net Debt / EBITDA	3.61	-0.49

Dividends

Dividend Yield (TTM)

Air Products and Chemicals (APD) at 2.33% delivers top-quartile income for its industry, while Franco-Nevada (FNV) at 0.65% pays a more typical yield — both are credible income propositions, APD the richer one.

APD

Materials industry group

2.33%

Max: 4.52%
APD: 2.33%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

FNV

Materials industry group

0.65%

Max: 4.52%
Q3: 1.85%
FNV: 0.65%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Franco-Nevada (FNV) at 21.44% pays out a band-typical share of earnings, while Air Products and Chemicals (APD) at 75.66% distributes more than its industry norm — less retained, thinner cover.

APD

Materials industry group

75.66%

Max: 83.62%
APD: 75.66%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

FNV

Materials industry group

21.44%

Max: 83.62%
Q3: 41.37%
FNV: 21.44%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Air Products and Chemicals (APD) and Franco-Nevada (FNV)
Metric	APD	FNV
Dividend Yield (TTM)	2.33%	0.65%
Dividend Payout Ratio (TTM)	75.66%	21.44%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Franco-Nevada (FNV) at 33.33 sits in the richer P/E ratio quartile, and Air Products and Chemicals (APD) at 127.55 is richer still, above its industry range.

APD

Materials industry group

127.55

APD: 127.55
Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

FNV

Materials industry group

33.33

Max: 59.00
FNV: 33.33
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Air Products and Chemicals (APD) at 5.23 sits in the upper P/S ratio quartile, and Franco-Nevada (FNV) at 21.37 prices even higher, above its industry range.

APD

Materials industry group

5.23

Max: 9.62
APD: 5.23
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

FNV

Materials industry group

21.37

FNV: 21.37
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Both Air Products and Chemicals (APD) at 4.76 and Franco-Nevada (FNV) at 5.97 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

APD

Materials industry group

4.76

Max: 6.59
APD: 4.76
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

FNV

Materials industry group

5.97

Max: 6.59
FNV: 5.97
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Air Products and Chemicals (APD) vs. Franco-Nevada (FNV): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Air Products and Chemicals (APD) and Franco-Nevada (FNV)
Metric	APD	FNV
P/E Ratio (TTM)	127.55	33.33
P/S Ratio (TTM)	5.23	21.37
P/B Ratio (MRQ)	4.76	5.97
Free Cash Flow Yield (TTM)	-0.28%	0.96%