How Does Air Products & Chemicals, Inc. Sit in Its SEC Industry Classification?
Air Products & Chemicals, Inc. files under SEC standard industrial classification 2810, Industrial Inorganic Chemicals. Among the 8 companies Swoopr covers under SIC 2810, its latest reported revenue of $12.0 billion ranks 2nd. The comparison uses each company's own latest fiscal year, which can differ by up to a year across the group.
| Measure | Air Products & Chemicals, Inc. (FY2025) | Peer reference |
|---|---|---|
| Revenue | $12.0 billion | 2nd of 8 |
| Operating margin | -7.3% | 4.9% (median of 7 peers) |
| Revenue growth | -0.5% | +0.8% (median of 7 peers) |
Companies of similar size in the same classification: LINDE PLC ($34.0 billion), Tronox Holdings plc ($2.9 billion), VALHI INC /DE/ ($2.1 billion), KRONOS WORLDWIDE INC ($1.9 billion), LSB INDUSTRIES, INC. ($615 million).
A classification code groups companies by how they describe their main business to the SEC, so two companies with the same code can still differ in customers, geography and cost structure. Treat the comparison as a starting point for the questions below.
Where value can be captured
The chain begins with raw materials and energy, moves through processing or formulation, then distribution and customer manufacturing or construction. Cost position, logistics, resource quality, and product specialization determine where margins concentrate.
For Air Products, name suppliers, channels, customers and infrastructure dependencies only when a reliable source establishes the relationship. The goal is to show where the company sits, what it depends on, and where bargaining power resides.
Industry drivers
- Selling Prices: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Shipment Volume: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Capacity Utilization: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Feedstock Costs: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Construction Or Industrial Demand: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Product Mix: connect this driver to a disclosed KPI and to the financial statement line it influences.
- New Capacity: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Operating Efficiency: connect this driver to a disclosed KPI and to the financial statement line it influences.
Macro connections
- Industrial Production: document the transmission mechanism rather than assuming correlation.
- Construction Activity: document the transmission mechanism rather than assuming correlation.
- Commodity Prices: document the transmission mechanism rather than assuming correlation.
- Energy Costs: document the transmission mechanism rather than assuming correlation.
- Agricultural Markets: document the transmission mechanism rather than assuming correlation.
- Global Trade: document the transmission mechanism rather than assuming correlation.
Peer map
A starting peer group from the current S&P 500 classification is Albemarle Corporation, Amcor, Avery Dennison, Ball Corporation, CF Industries, CRH plc. Some may be adjacent rather than direct competitors. The latest Air Products filing and credible industry sources should refine the map.
Questions for the supply-chain map
- Which inputs are scarce, concentrated, regulated, or difficult to substitute?
- Which layer has the highest switching costs?
- Where can capacity expand quickly, and where does it take years?
- Which participants bear inventory, credit, commodity, or utilization risk?
- Is Air Products's advantage located in intellectual property, physical assets, licenses, distribution, brand, data, or customer integration?
- Which dependency could become a bottleneck under stress?
References
The evergreen analysis above is anchored to verified index metadata and a filing-first research workflow. Time-sensitive financial figures are refreshed from the latest primary filings.
- S&P Dow Jones Indices: S&P 500
- SEC EDGAR company filings for Air Products
- SEC submissions JSON for CIK 2969
Source-review rule: Check any statement about current revenue, margins, management, products, segment mix, guidance, market share or capital allocation against the latest 10-K, 10-Q, 8-K, proxy statement, earnings release or official investor-relations material before relying on it.