Verified peer comparison

APD vs FCX

Air Products and Chemicals, Inc. compared with Freeport-McMoRan Inc.. This page compares both source-verified company profiles and does not introduce an unverified price target.

APD

Air Products and Chemicals, Inc.

$189.43

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FCX

Freeport-McMoRan Inc.

$189.43

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Company-specific comparison

Business exposure

APD: Industrial Gases

FCX: Copper

Upside lens

APD: Commissioning and ramping major industrial-gas projects can add contracted volumes and improve asset utilization. Higher base-business volumes, pricing and productivity can support earnings as energy-cost pass-through fluctuates. Successful execution of low-carbon and renewable hydrogen projects could create long-duration supply positions in emerging energy markets.

FCX: Restoring underground operations and ramping production at Grasberg can improve copper and gold volumes after the 2025 disruption. FCX's incremental leach projects can recover additional copper from existing stockpiles with less capital than a new greenfield mine. Electrification, grid investment and data-center construction can tighten copper balances and improve the economics of FCX's long-lived resources.

Risk lens

APD: Large projects expose Air Products to construction, counterparty, schedule, permitting and cost-overrun risk before contracted cash flows begin. Energy pass-through timing and foreign-exchange movements can create sales and margin volatility across regional businesses. Heavy commitments to a limited number of complex projects can constrain flexibility if customer demand, financing or policy support changes.

FCX: Underground mining incidents, weather, equipment failures or recovery delays can materially reduce production and increase unit costs. Export permissions, smelter requirements, taxes and negotiations over long-term operating rights in Indonesia can affect cash flow and asset value. Copper and gold price declines or inflation in energy, labor and materials can quickly compress mine margins and development returns.

Verified sources

Air Products Reports Fiscal 2026 Second Quarter ResultsAir Products and Chemicals, Inc. · earningsVerified