Verified peer comparison

APD vs NEM

Air Products and Chemicals, Inc. compared with Newmont Corporation. 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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NEM

Newmont Corporation

$189.43

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Company-specific comparison

Business exposure

APD: Industrial Gases

NEM: Gold

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.

NEM: Strong realized gold prices can expand free cash flow from Newmont's portfolio and fund capital returns and reinvestment. Completing non-core divestitures and concentrating capital on higher-return managed assets can improve portfolio quality and operating focus. A net-cash position and expanded repurchase authorization can increase per-share exposure to portfolio cash generation when commodity conditions remain supportive.

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.

NEM: Lower gold and co-product prices would reduce revenue, reserve economics, free cash flow and capital-return capacity. Grade variability, weather, maintenance, labor, energy and project execution can disrupt production and lift all-in sustaining costs. Permitting, fiscal changes, community relations and reclamation obligations across multiple jurisdictions can delay projects and increase liabilities.

Verified sources

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