APD vs. WPM: Air Products and Chemicals vs. Wheaton Precious Metals Stock Comparison

November 11, 2026

How do Air Products and Chemicals (APD) and Wheaton Precious Metals (WPM) 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 Wheaton Precious Metals (WPM) both fall under the Materials industry group, but APD is classified in Chemicals while WPM is classified in Metals & Mining.

Company profile comparison for Air Products and Chemicals (APD) and Wheaton Precious Metals (WPM)
Profile Item	APD	WPM
Name	Air Products and Chemicals Inc.	Wheaton Precious Metals Corp.
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	61.91 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	July 6, 2005
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

APD

WPM

GSPC

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM), 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 Wheaton Precious Metals (WPM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Air Products and Chemicals (APD) and Wheaton Precious Metals (WPM). 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 Wheaton Precious Metals (WPM)
Metric	APD	WPM
Total Return (1Y)	23.26%	45.35%
Total Return (3Y, Annualized)	8.49%	50.60%
Total Return (5Y, Annualized)	2.43%	29.06%

Risk Profile

Drawdown History

APD

WPM

GSPC

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM), 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 Wheaton Precious Metals (WPM). 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 Wheaton Precious Metals (WPM)
Metric	APD	WPM
Volatility (1Y, Annualized)	25.21%	52.11%
Beta (5Y)	0.67	0.49
Max Drawdown (5Y)	-31.77%	-43.29%
Avg. Volume (3M)	1.06M	2.01M

Risk-Adjusted Performance

Risk-Return Positioning

APD and WPM 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 Wheaton Precious Metals (WPM)
Metric	APD	WPM
Sharpe Ratio (1Y)	0.75	0.79
Sortino Ratio (1Y)	1.14	1.14

Profitability

ROE (TTM)

Wheaton Precious Metals (WPM) at 23.10% 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 WPM.

APD

Materials industry group

3.19%

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

WPM

Materials industry group

23.10%

Max: 52.88%
WPM: 23.10%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Wheaton Precious Metals (WPM) at 60.39% 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%

WPM

Materials industry group

60.39%

WPM: 60.39%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Wheaton Precious Metals (WPM) at 66.70% operates in the top operating margin quartile, ahead of Air Products and Chemicals (APD) at 17.68%, which runs 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%

WPM

Materials industry group

66.70%

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

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Air Products and Chemicals (APD) and Wheaton Precious Metals (WPM)
Metric	APD	WPM
ROE (TTM)	3.19%	23.10%
ROA (TTM)	4.80%	15.22%
Net Margin (TTM)	4.10%	60.39%
Operating Margin (TTM)	17.68%	66.70%
Gross Margin (TTM)	31.58%	86.61%

Growth

Revenue Growth

Wheaton Precious Metals (WPM) at 80.18% 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. Wheaton Precious Metals (WPM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Wheaton Precious Metals (WPM) at 177.85% sits in the top EPS growth quartile, while Air Products and Chemicals (APD) at -110.30% is in the bottom quartile, showing a clear gap in earnings momentum.

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Air Products and Chemicals (APD) and Wheaton Precious Metals (WPM)
Metric	APD	WPM
Revenue Growth (YoY)	-0.52%	80.18%
Revenue Growth (3Y CAGR)	-1.77%	29.53%
EPS Growth (YoY)	-110.30%	177.85%
EPS Growth (3Y CAGR)	--	29.83%

Financial Strength

Current Ratio (MRQ)

Both Air Products and Chemicals (APD) at 1.07 and Wheaton Precious Metals (WPM) at 0.57 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

APD

Materials industry group

1.07

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

WPM

Materials industry group

0.57

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
WPM: 0.57
Min: 0.16

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Wheaton Precious Metals (WPM) at 0.16 carries an industry-typical debt-to-equity mix, while Air Products and Chemicals (APD) at 1.06 uses more debt funding than most peers.

APD

Materials industry group

1.06

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

WPM

Materials industry group

0.16

Max: 1.98
Q3: 0.89
Median: 0.47
WPM: 0.16
Q1: 0.13
Min: 0.00

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Air Products and Chemicals (APD) and Wheaton Precious Metals (WPM)
Metric	APD	WPM
Current Ratio (MRQ)	1.07	0.57
Debt / Equity (MRQ)	1.06	0.16
Net Debt / EBITDA	3.61	0.50

Dividends

Dividend Yield (TTM)

Air Products and Chemicals (APD) at 2.33% delivers top-quartile income for its industry, while Wheaton Precious Metals (WPM) at 0.57% 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%

WPM

Materials industry group

0.57%

Max: 4.52%
Q3: 1.85%
WPM: 0.57%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Wheaton Precious Metals (WPM) at 16.29% 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%

WPM

Materials industry group

16.29%

Max: 83.62%
Q3: 41.37%
WPM: 16.29%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Air Products and Chemicals (APD) and Wheaton Precious Metals (WPM)
Metric	APD	WPM
Dividend Yield (TTM)	2.33%	0.57%
Dividend Payout Ratio (TTM)	75.66%	16.29%

Valuation

P/E Ratio (TTM)

Wheaton Precious Metals (WPM) at 29.63 is near its industry’s usual P/E ratio, while Air Products and Chemicals (APD) at 127.55 sits above its peer range — an unusually expensive price for APD’s trailing earnings.

APD

Materials industry group

127.55

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

WPM

Materials industry group

29.63

Max: 59.00
Q3: 32.93
WPM: 29.63
Median: 18.82
Q1: 11.96
Min: 3.93

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): 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 Wheaton Precious Metals (WPM) at 17.86 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

WPM

Materials industry group

17.86

WPM: 17.86
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): 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 Wheaton Precious Metals (WPM) at 6.17 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

WPM

Materials industry group

6.17

Max: 6.59
WPM: 6.17
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Air Products and Chemicals (APD) vs. Wheaton Precious Metals (WPM): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Air Products and Chemicals (APD) and Wheaton Precious Metals (WPM)
Metric	APD	WPM
P/E Ratio (TTM)	127.55	29.63
P/S Ratio (TTM)	5.23	17.86
P/B Ratio (MRQ)	4.76	6.17
Free Cash Flow Yield (TTM)	-0.28%	-5.11%