APD vs ALTO vs ASPI Stock Comparison

Air Products & Chemicals, Alto Ingredients and ASP Isotopes Prices as of Oct 23, 2026 Peers: Industry group
ALTO Alto Ingredients, Inc.
$3.61 -3.2% 1M +234.3% 1Y
Market cap
$276.46M
P/E
5.5x
Revenue (TTM)
$943.33M
Div. yield
–
Specialty Chemicals Basic Materials
5 wins
ASPI ASP Isotopes Inc.
$1.95 -35.2% 1M -79.6% 1Y
Market cap
$248.50M
P/E
–
Revenue (TTM)
$30.85M
Div. yield
–
Specialty Chemicals Basic Materials
1 win

Head to Head

10 decided of 12

Alto Ingredients leads on 5 of the 12 questions below (Alto Ingredients 5, Air Products & Chemicals 4, ASP Isotopes 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAPDALTOASPILeader
Larger companyMarket capitalisation $68.08B $276.46M $248.50M APD
Cheaper on earningsLower P/E, profitable companies only -1,439x 5.5x -2.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.9x 9.8x — ALTO
Faster revenue growthRevenue growth, trailing twelve months +4.5% +1.1% +573.4% ASPI
More profitableNet margin, trailing twelve months -0.4% 5.4% -380.3% ALTO
Better return on capitalReturn on invested capital 0.0% — -28.6% APD
Less leveragedLower net debt / EBITDA 17.4x 0.6x 2.1x ALTO
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +20.5% +234.3% -79.6% ALTO
Better 5-year returnAnnualised price return, 5 years +1.1%/yr -8.8%/yr — APD
Less volatileAnnualised volatility, 1 year 26.3% 86.5% 98.8% APD
Higher overall scoreMean of the five percentile scores vs peers 38/100 85/100 26/100 ALTO

Percentile Scorecard

APDALTOASPI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAPDALTOASPI
Valuation 18 #77 of 94 100 #1 of 94 9 #86 of 94
Growth 43 #53 of 92 96 #5 of 92 19 #75 of 92
Profitability 50 #45 of 89 66 #31 of 89 8 #82 of 89
Financial Health 20 #78 of 97 79 #21 of 97 69 #31 of 97
Shareholder Returns 59 #29 of 70 – –
Overall 38 85 26
  • APD ranked among 99 companies in Chemicals
  • ALTO ranked among 99 companies in Chemicals
  • ASPI ranked among 99 companies in Chemicals

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAPDALTOASPISPY
1 month +6.9%-3.2%-35.2% -1.0%
3 months +3.0%-22.2%-49.6% +2.9%
6 months +1.8%-32.1%-63.6% +6.4%
Year to date +24.3%+25.3%-63.6% +11.4%
1 year +20.5%+234.3%-79.6% +13.1%
3 years +10.8%-7.0%+77.3% +79.4%
3 years, per year +3.5%-2.4%+21.0% +21.5%
5 years +5.4%-37.0%— +67.7%
5 years, per year +1.1%-8.8%— +10.9%
10 years +128.4%-51.5%— +255.2%
10 years, per year +8.6%-7.0%— +13.5%

Risk

MeasureAPDALTOASPISPY
Volatility, 1Y 26.3%86.5%98.8% 12.7%
Downside volatility, 1Y 24.5%68.1%99.5% 12.7%
Beta vs S&P 500, 1Y 0.070.283.88 1.00
Return / volatility, 1Y 0.782.71-0.81 1.03
Max drawdown, 5Y -33.8%-89.1%-88.6% -25.4%
From 52-week high -2.3%-39.7%-81.9% -2.5%
52-week high $314.19$5.99$10.76 $779.14
52-week low $230.76$1.01$1.95 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAPDALTOASPI
P/E now vs peer median -1,446xmedian 21.5x 5.4xmedian 21.5x -2.0xmedian 21.5x
P/S now vs peer median 5.4xmedian 1.4x 0.3xmedian 1.4x 8.2xmedian 1.4x
EV/EBITDA now vs peer median 89.3xmedian 12.4x 5.1xmedian 12.4x -0.6xmedian 12.4x
P/FCF now vs peer median -226.9xmedian 15.5x 5.6xmedian 15.5x -3.0xmedian 15.5x
P/B now vs peer median 4.1xmedian 1.6x 1.1xmedian 1.6x 0.9xmedian 1.6x
PEG now vs peer median 54.70median 1.70 0.14median 1.70 0.05median 1.70

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAPDALTOASPI
Revenue $12.60B $943.33M $30.85M
Gross profit $4.04B $64.51M $5.65M
Operating income -$593.10M $35.61M -$99.07M
Net income -$19.70M $51.99M -$117.34M
Free cash flow -$301.40M $49.94M -$83.58M
R&D $90.80M – $22.04M
EPS (diluted) $-0.21 $0.66 $-0.96
Cash & equivalents $980.50M $23.96M $219.60M
Total debt $17.48B $60.47M $59.77M
Shares (diluted) 222.80M 77.07M 122.72M
Enterprise value $63.27B $176.26M -$738.21M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAPDALTOASPI
P/E -1,446x 5.4x -2.0x
P/FCF -226.9x 5.6x -3.0x
P/Operating cash flow 15.0x 4.3x -3.7x
P/S 5.4x 0.3x 8.2x
P/B 4.1x 1.1x 0.9x
P/Tangible book 4.2x 1.1x 0.9x
EV/EBITDA 89.3x 5.1x -0.6x
EV/EBIT -143.1x 8.9x -0.6x
EV/Revenue 6.7x 0.3x 1.9x
EV/FCF -281.6x 6.3x -0.7x
EV/Operating cash flow 18.6x 4.9x -0.9x
PEG (3Y EPS CAGR) 54.70 0.14 0.05

Growth

14 metrics
MetricAPDALTOASPI
Revenue growth (1Y) 4.5% 1.1% 573.4%
Revenue CAGR (3Y) -1.0% -10.1% 2,420%
Gross profit growth (1Y) 5.1% 7,720% 214.3%
Gross profit CAGR (3Y) 2.7% 63.6% –
Operating income growth (1Y) -138.7% 162.4% -200.2%
Operating income CAGR (3Y) -31.0% 37.3% -105.1%
Net income growth (1Y) -101.2% 177.8% -17.1%
Net income CAGR (3Y) -26.2% 40.6% -119.1%
EPS growth (1Y) -103.1% 172.1% 30.3%
EPS CAGR (3Y) -26.4% 39.5% -37.1%
Operating cash flow growth (1Y) 54.8% 731.1% -244.7%
Operating cash flow CAGR (3Y) 13.1% 63.4% -151.6%
Free cash flow growth (1Y) 93.5% 481.7% -182.5%
Free cash flow CAGR (3Y) 27.5% 38.9% -123.3%

Profitability

14 metrics
MetricAPDALTOASPI
Gross margin 32.1% 6.8% 18.3%
EBITDA margin 7.5% 6.6% -303.3%
Operating margin -4.7% 3.8% -321.1%
Pretax margin -0.7% 5.4% -443.4%
Net margin -0.4% 5.4% -380.3%
FCF margin -2.4% 5.3% -270.9%
Operating cash flow margin 36.3% 6.9% -219.8%
Return on equity 0.0% 20.2% -40.9%
Return on assets 0.0% 13.1% -20.2%
Return on invested capital 0.0% – -28.6%
Return on capital employed -1.6% 10.4% -19.4%
Asset turnover 0.3x 2.4x 0.1x
Cash conversion (OCF / net income) -232.0x 1.3x 0.6x
Stock comp / revenue 0.4% 0.3% 60.5%

Financial Health

11 metrics
MetricAPDALTOASPI
Debt / assets 43.2% 15.2% 10.4%
Debt / equity 1.1x 0.2x 0.2x
Net debt / EBITDA 17.4x 0.6x 2.1x
Debt / FCF -58.0x 1.2x -0.7x
Liabilities / assets 59.0% 34.6% 52.0%
Equity / assets 41.0% 65.4% 48.0%
Interest coverage -2.7x 3.8x -25.3x
Current ratio 1.1x 3.2x 3.9x
Quick ratio 0.6x 1.8x 3.7x
Cash ratio 0.2x 0.5x 3.6x
Altman Z-score 2.56 1.42 -0.25

Shareholder Returns

7 metrics
MetricAPDALTOASPI
Dividend yield 2.4% – –
Net buyback yield – – –
Shareholder yield 2.4% – –
Payout ratio (earnings) -8,114% – –
Payout ratio (FCF) -530.3% – –
Dividend growth (1Y) 1.2% – –
Dividend CAGR (3Y) 2.9% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAPDALTOASPI
Forward P/E 21.9xFY2026 9.8xFY2026 –
EPS, next fiscal year $14.01FY2026 $0.37FY2026 $-0.45FY2026
EPS growth, next FY +16.5%FY2026 +131.3%FY2026 –
EPS growth, the year after +5.3% -16.2% –
Revenue, next fiscal year $12.02BFY2026 $1.00BFY2026 $24.34MFY2026
Revenue growth, next FY -0.2%FY2026 +9.1%FY2026 +2.0%FY2026
Revenue growth, the year after +8.6% +1.1% +189.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPDALTOASPI
Held by institutions 91.2% 46.3% 50.3%
Institutions holding 1,772 134 186
Change in shares held, QoQ +2.0% +14.2% +3.3%
Institutions buying 745 97 113
Institutions selling 722 25 53
Buyers to sellers 1.03 3.88 2.13

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

APDALTOASPI
APD 1.00 0.16 0.02
ALTO 0.16 1.00 0.09
ASPI 0.02 0.09 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, APD, ALTO and ASPI?

Air Products & Chemicals (APD) is the largest by market capitalisation: Air Products & Chemicals (APD) $68.08B, Alto Ingredients (ALTO) $276.46M, ASP Isotopes (ASPI) $248.50M.

Which company is growing faster?

ASP Isotopes (ASPI) grew revenue fastest over the trailing twelve months: Air Products & Chemicals (APD) +4.5%, Alto Ingredients (ALTO) +1.1%, ASP Isotopes (ASPI) +573.4%.

Which company is more profitable?

Alto Ingredients (ALTO) has the highest net margin (Air Products & Chemicals (APD) -0.4%, Alto Ingredients (ALTO) 5.4%, ASP Isotopes (ASPI) -380.3%). On return on invested capital, Air Products & Chemicals (APD) leads (Air Products & Chemicals (APD) 0.0%, ASP Isotopes (ASPI) -28.6%).

Which stock has performed better?

Over the past year Alto Ingredients (ALTO) returned the most: Air Products & Chemicals (APD) +20.5%, Alto Ingredients (ALTO) +234.3%, ASP Isotopes (ASPI) -79.6%. Over five years, Air Products & Chemicals (APD) compounded fastest (Air Products & Chemicals (APD) +1.1%/yr, Alto Ingredients (ALTO) -8.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Air Products & Chemicals (APD) 0.02%, Alto Ingredients (ALTO) 0.00%, ASP Isotopes (ASPI) 0.00%. Alto Ingredients (ALTO) and ASP Isotopes (ASPI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Air Products & Chemicals (APD) has been the steadiest (Air Products & Chemicals (APD) 26.3%, Alto Ingredients (ALTO) 86.5%, ASP Isotopes (ASPI) 98.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, APD, ALTO and ASPI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Alto Ingredients (ALTO) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.