APD vs. WPM: A Head-to-Head Stock Comparison

Updated on July 7, 2025

Here’s a clear look at APD and WPM, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

APD’s market capitalization of 64.95 billion USD is substantially larger than WPM’s 41.10 billion USD, indicating a significant difference in their market valuations.

With betas of 0.87 for APD and 0.60 for WPM, both stocks show similar sensitivity to overall market movements.

Symbol	APD	WPM
Company Name	Air Products and Chemicals, Inc.	Wheaton Precious Metals Corp.
Country	US	CA
Sector	Basic Materials	Basic Materials
Industry	Chemicals - Specialty	Gold
CEO	Eduardo F. Menezes	Randy V. J. Smallwood
Price	291.84 USD	90.56 USD
Market Cap	64.95 billion USD	41.10 billion USD
Beta	0.87	0.60
Exchange	NYSE	NYSE
IPO Date	March 17, 1980	July 6, 2005
ADR	No	No

Historical Performance

This chart compares the performance of APD and WPM by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

APD vs. WPM: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

APD

9.65%

Chemicals - Specialty Industry

Max: 34.45%
Q3: 15.78%
Median: 7.65%
Q1: 2.96%
Min: -12.04%

APD’s Return on Equity of 9.65% is on par with the norm for the Chemicals - Specialty industry, indicating its profitability relative to shareholder equity is typical for the sector.

WPM

8.61%

Gold Industry

Max: 25.86%
Q3: 12.48%
Median: 8.15%
Q1: 2.34%
Min: -3.82%

WPM’s Return on Equity of 8.61% is on par with the norm for the Gold industry, indicating its profitability relative to shareholder equity is typical for the sector.

APD vs. WPM: A comparison of their ROE against their respective Chemicals - Specialty and Gold industry benchmarks.

Return on Invested Capital

APD

3.50%

Chemicals - Specialty Industry

Max: 20.22%
Q3: 10.99%
Median: 5.25%
Q1: 3.06%
Min: -8.62%

APD’s Return on Invested Capital of 3.50% is in line with the norm for the Chemicals - Specialty industry, reflecting a standard level of efficiency in generating profits from its capital base.

WPM

8.11%

Gold Industry

Max: 20.84%
Q3: 9.90%
Median: 5.11%
Q1: 1.36%
Min: -10.62%

WPM’s Return on Invested Capital of 8.11% is in line with the norm for the Gold industry, reflecting a standard level of efficiency in generating profits from its capital base.

APD vs. WPM: A comparison of their ROIC against their respective Chemicals - Specialty and Gold industry benchmarks.

Net Profit Margin

APD

12.76%

Chemicals - Specialty Industry

Max: 23.23%
Q3: 10.64%
Median: 5.14%
Q1: 0.64%
Min: -8.93%

A Net Profit Margin of 12.76% places APD in the upper quartile for the Chemicals - Specialty industry, signifying strong profitability and more effective cost management than most of its peers.

WPM

42.46%

Gold Industry

Max: 26.48%
Q3: 21.01%
Median: 16.48%
Q1: 8.22%
Min: -6.63%

WPM’s Net Profit Margin of 42.46% is exceptionally high, placing it well beyond the typical range for the Gold industry. This demonstrates outstanding operational efficiency and a strong competitive advantage in converting revenue into profit.

APD vs. WPM: A comparison of their Net Profit Margin against their respective Chemicals - Specialty and Gold industry benchmarks.

Operating Profit Margin

APD

12.29%

Chemicals - Specialty Industry

Max: 26.42%
Q3: 15.81%
Median: 10.07%
Q1: 4.82%
Min: -7.44%

APD’s Operating Profit Margin of 12.29% is around the midpoint for the Chemicals - Specialty industry, indicating that its efficiency in managing core business operations is typical for the sector.

WPM

51.66%

Gold Industry

Max: 67.43%
Q3: 40.39%
Median: 30.64%
Q1: 19.83%
Min: -9.84%

An Operating Profit Margin of 51.66% places WPM in the upper quartile for the Gold industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.

APD vs. WPM: A comparison of their Operating Margin against their respective Chemicals - Specialty and Gold industry benchmarks.

Profitability at a Glance

Symbol	APD	WPM
Return on Equity (TTM)	9.65%	8.61%
Return on Assets (TTM)	3.94%	8.34%
Return on Invested Capital (TTM)	3.50%	8.11%
Net Profit Margin (TTM)	12.76%	42.46%
Operating Profit Margin (TTM)	12.29%	51.66%
Gross Profit Margin (TTM)	31.94%	69.85%

Financial Strength

Current Ratio

APD

1.00

Chemicals - Specialty Industry

Max: 3.95
Q3: 2.60
Median: 2.04
Q1: 1.60
Min: 0.77

APD’s Current Ratio of 1.00 falls into the lower quartile for the Chemicals - Specialty industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

WPM

28.07

Gold Industry

Max: 4.98
Q3: 3.76
Median: 2.34
Q1: 1.51
Min: 0.52

WPM’s Current Ratio of 28.07 is exceptionally high, placing it well outside the typical range for the Gold industry. This indicates a very strong liquidity position, though such a high ratio may also suggest that the company is not using its assets efficiently to generate profits.

APD vs. WPM: A comparison of their Current Ratio against their respective Chemicals - Specialty and Gold industry benchmarks.

Debt-to-Equity Ratio

APD

1.12

Chemicals - Specialty Industry

Max: 1.65
Q3: 1.10
Median: 0.73
Q1: 0.55
Min: 0.01

APD’s leverage is in the upper quartile of the Chemicals - Specialty industry, with a Debt-to-Equity Ratio of 1.12. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.

WPM

0.00

Gold Industry

Max: 0.67
Q3: 0.34
Median: 0.17
Q1: 0.06
Min: 0.00

Falling into the lower quartile for the Gold industry, WPM’s Debt-to-Equity Ratio of 0.00 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

APD vs. WPM: A comparison of their D/E Ratio against their respective Chemicals - Specialty and Gold industry benchmarks.

Interest Coverage Ratio

APD

7.77

Chemicals - Specialty Industry

Max: 13.69
Q3: 9.06
Median: 5.24
Q1: 1.68
Min: -3.09

APD’s Interest Coverage Ratio of 7.77 is positioned comfortably within the norm for the Chemicals - Specialty industry, indicating a standard and healthy capacity to cover its interest payments.

WPM

253.45

Gold Industry

Max: 45.23
Q3: 25.79
Median: 13.44
Q1: 2.91
Min: -6.26

With an Interest Coverage Ratio of 253.45, WPM demonstrates a superior capacity to service its debt, placing it well above the typical range for the Gold industry. This stems from either robust earnings or a conservative debt load.

APD vs. WPM: A comparison of their Interest Coverage against their respective Chemicals - Specialty and Gold industry benchmarks.

Financial Strength at a Glance

Symbol	APD	WPM
Current Ratio (TTM)	1.00	28.07
Quick Ratio (TTM)	0.85	28.07
Debt-to-Equity Ratio (TTM)	1.12	0.00
Debt-to-Asset Ratio (TTM)	0.42	0.00
Net Debt-to-EBITDA Ratio (TTM)	4.19	-0.79
Interest Coverage Ratio (TTM)	7.77	253.45

Growth

The following charts compare key year-over-year (YoY) growth metrics for APD and WPM. These metrics are based on the companies’ annual financial reports.

Revenue Growth

APD vs. WPM: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

APD vs. WPM: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

APD vs. WPM: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

APD

2.44%

Chemicals - Specialty Industry

Max: 9.19%
Q3: 2.44%
Median: 1.46%
Q1: 0.25%
Min: 0.00%

With a Dividend Yield of 2.44%, APD offers a more attractive income stream than most of its peers in the Chemicals - Specialty industry, signaling a strong commitment to shareholder returns.

WPM

0.52%

Gold Industry

Max: 3.65%
Q3: 1.37%
Median: 0.47%
Q1: 0.00%
Min: 0.00%

WPM’s Dividend Yield of 0.52% is consistent with its peers in the Gold industry, providing a dividend return that is standard for its sector.

APD vs. WPM: A comparison of their Dividend Yield against their respective Chemicals - Specialty and Gold industry benchmarks.

Dividend Payout Ratio

APD

102.68%

Chemicals - Specialty Industry

Max: 163.70%
Q3: 57.04%
Median: 30.02%
Q1: 12.51%
Min: 0.00%

APD’s Dividend Payout Ratio of 102.68% is above 100%. This means the company is paying out more in dividends than it earned, a practice that is often unsustainable and could indicate a risk to future dividend stability.

WPM

45.07%

Gold Industry

Max: 110.70%
Q3: 42.09%
Median: 15.45%
Q1: 0.00%
Min: 0.00%

WPM’s Dividend Payout Ratio of 45.07% is in the upper quartile for the Gold industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

APD vs. WPM: A comparison of their Payout Ratio against their respective Chemicals - Specialty and Gold industry benchmarks.

Dividend at a Glance

Symbol	APD	WPM
Dividend Yield (TTM)	2.44%	0.52%
Dividend Payout Ratio (TTM)	102.68%	45.07%

Valuation

Price-to-Earnings Ratio

APD

42.39

Chemicals - Specialty Industry

Max: 56.68
Q3: 33.75
Median: 23.45
Q1: 16.09
Min: 7.50

A P/E Ratio of 42.39 places APD in the upper quartile for the Chemicals - Specialty industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.

WPM

66.37

Gold Industry

Max: 64.00
Q3: 46.06
Median: 29.03
Q1: 16.74
Min: 1.00

At 66.37, WPM’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Gold industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

APD vs. WPM: A comparison of their P/E Ratio against their respective Chemicals - Specialty and Gold industry benchmarks.

Forward P/E to Growth Ratio

APD

6.80

Chemicals - Specialty Industry

Max: 6.58
Q3: 3.23
Median: 1.64
Q1: 0.96
Min: 0.16

APD’s Forward PEG Ratio of 6.80 is exceptionally high for the Chemicals - Specialty industry. This suggests its stock price is very high relative to its expected earnings growth, signaling significant overvaluation risk.

WPM

53.05

Gold Industry

Max: 14.01
Q3: 6.52
Median: 3.33
Q1: 0.82
Min: 0.05

The Forward PEG Ratio is often not a primary valuation metric in the Gold industry.

APD vs. WPM: A comparison of their Forward PEG Ratio against their respective Chemicals - Specialty and Gold industry benchmarks.

Price-to-Sales Ratio

APD

5.40

Chemicals - Specialty Industry

Max: 3.76
Q3: 2.31
Median: 1.38
Q1: 0.89
Min: 0.16

With a P/S Ratio of 5.40, APD trades at a valuation that eclipses even the highest in the Chemicals - Specialty industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

WPM

28.19

Gold Industry

Max: 15.12
Q3: 7.63
Median: 3.25
Q1: 2.30
Min: 0.79

With a P/S Ratio of 28.19, WPM trades at a valuation that eclipses even the highest in the Gold industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

APD vs. WPM: A comparison of their P/S Ratio against their respective Chemicals - Specialty and Gold industry benchmarks.

Price-to-Book Ratio

APD

4.42

Chemicals - Specialty Industry

Max: 6.73
Q3: 3.78
Median: 1.56
Q1: 1.27
Min: 0.35

APD’s P/B Ratio of 4.42 is in the upper tier for the Chemicals - Specialty industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

WPM

5.66

Gold Industry

Max: 6.10
Q3: 3.60
Median: 2.02
Q1: 1.35
Min: 0.26

WPM’s P/B Ratio of 5.66 is in the upper tier for the Gold industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

APD vs. WPM: A comparison of their P/B Ratio against their respective Chemicals - Specialty and Gold industry benchmarks.

Valuation at a Glance

Symbol	APD	WPM
Price-to-Earnings Ratio (P/E, TTM)	42.39	66.37
Forward PEG Ratio (TTM)	6.80	53.05
Price-to-Sales Ratio (P/S, TTM)	5.40	28.19
Price-to-Book Ratio (P/B, TTM)	4.42	5.66
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	-14.99	110.91
EV-to-EBITDA (TTM)	22.33	38.91
EV-to-Sales (TTM)	6.65	27.63