Air Liquide SA

Air Liquide SA

173.92
EUR
-0.34
(-0.20%)
92.81BMarket Cap
Feb 17Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
27.59
27.79
27.91
31.14
32.6
33.55
34.95
32.64
37.03
47.39
43.59
42.67
46.71
- -
Basic EPS, GAAP
2.97
3.01
3.1
3.17
3.52
3.37
3.57
3.88
4.08
4.37
4.86
5.21
6.1
- -
Free Cash Flow per Basic Share
1.17
1.68
1.42
2.47
3.32
3.94
3.31
4.1
4.21
4.02
4.53
4.41
4.64
- -
Dividend per Share
1.49
1.52
1.63
1.63
1.65
1.85
1.85
2.08
2.12
2.23
2.5
2.71
3.39
- -
Book Value per Share
18.74
20.31
21.88
26.81
26.12
28.38
30.07
29.51
34.01
37.56
38.42
42.36
41.23
41.23
Tangible Book Value per Share
8.5
9.7
10.27
1.55
2.99
4.53
5.37
6.46
9.54
11.61
13.42
16.07
17.03
17.03
Basic Weighted Avg Shares
552
553
567
582
624
626
627
628
630
632
633
634
577
635
Sales/Revenue/Turnover
15,225
15,358
15,819
18,135
20,349
21,011
21,920
20,485
23,335
29,934
27,608
27,058
26,940
- -
Operating Margin (%)
16.95
17.15
18.06
16.67
15.44
16.41
17.31
18.5
17.83
16.24
18.36
19.06
19.43
- -
Depreciation Expense
1,236
1,239
1,372
1,600
1,783
1,766
2,138
2,138
2,173
2,466
2,482
2,505
2,564
- -
Net Income, GAAP
1,640
1,665
1,756
1,844
2,200
2,113
2,242
2,435
2,572
2,759
3,078
3,306
3,518
- -
Effective Tax Rate (%)
26.58
28.28
26.77
28.14
8.19
24.9
25.54
21.13
25.4
25.67
23.39
24
25.2
- -
Profit Margin (%)
10.77
10.84
11.1
10.17
10.81
10.06
10.23
11.89
11.02
9.22
11.15
12.22
13.06
- -
Working Capital
73
-66
-250
637
-153
-666
-839
-909
-854
-658
-1,128
-1,137
1,533
1,533
LT Debt
5,774
5,866
6,233
14,815
12,436
11,602
12,596
11,131
11,467
11,146
9,573
9,502
11,023
11,023
Total Equity
10,888
11,827
12,771
17,124
16,718
18,207
19,324
19,005
21,999
24,572
25,043
27,621
26,947
26,947
Return on Invested Capital (%)
10.79
10.28
10.01
8.02
8.46
7.71
8.1
8.66
8.74
8.63
9.33
9.75
9.8
- -
Return on Capital (%)
10.1
9.68
9.32
7.53
7.69
7.1
7.46
8.05
7.9
7.17
8.06
8.38
8.57
- -
Return on Common Equity (%)
15.76
15.03
14.67
12.65
13.31
12.39
12.23
13.02
12.86
12.21
12.81
12.92
13.26
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
3,009
- -
2,573
LT Borrowings
8,607
- -
9,989
LT Finance Leases
1,038
- -
1,034
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
634
635
636
Market Capitalization
101,401
102,601
92,806

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
8,040
- -
10,370
Cash, Cash Equivalents & STI
1,643
- -
3,632
Accounts Receivable, Net
3,117
- -
2,867
Inventories
2,182
- -
2,128
Total Current Liabilities
9,536
- -
8,837
Payables & Accruals
- -
- -
- -
ST Debt
3,009
- -
2,573
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.24%
7.45%
-2.44%
Free Cash Flow
15.49%
0.97%
-4.37%
Net Income, GAAP
7.33%
7.65%
6.41%
Sales/Revenue/Turnover
5.99%
6.4%
-0.43%
Total Cash Common Dividend
7.88%
8.46%
13.79%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
27,608
2024
- -
- -
- -
- -
27,058
2025
- -
- -
- -
- -
26,940

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
4.86
2024
- -
- -
- -
- -
5.21
2025
- -
- -
- -
- -
6.1

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.5
2024
- -
- -
- -
- -
2.71
2025
- -
- -
- -
- -
3.39

Company Description

CEO
François Jackow
Full Time Employees
65,168
Sector
Process industries
Industry
Chemicals: specialty
Address
75 quai d'Orsay Paris IF France 75007
IPO Date
Feb 20, 1913
Business
L'Air Liquide S.A. is a world leader in gases, technologies and services for industry and health; it produces, markets and sells industrial gases including oxygen, nitrogen and hydrogen, medical gases, specialty gases, as well as welding, diving and technical-medical equipment; the company operates through Gas & Services, Engineering & Construction, and Global Markets & Technologies segments, serving sectors such as steel, energy, chemicals, automotive, aeronautics, food processing, pharmaceuticals, electronics and manufacturing. Founded in 1902 and headquartered in Paris, France, L'Air Liquide maintains operations in approximately 72 to 80 countries across Europe, the Americas, Asia Pacific, the Middle East and Africa, with around 67,800 employees worldwide. Recent developments include the August 2025 announcement of exclusive talks to acquire South Korea's DIG Airgas for over $3.3 billion, financed by a €2.15 billion bond issuance in October 2025; investments exceeding €500 million in 2025 for expansions such as up to $850 million in oxygen production for ExxonMobil's low-carbon hydrogen project in Baytown, Texas, €110 million subsidy-backed low-carbon hydrogen network in Antwerp-Bruges, Belgium, and nearly $50 million in U.S. Gulf Coast hydrogen infrastructure upgrades; formation of the TEAL joint venture with TotalEnergies to deploy over 100 hydrogen refueling stations in Europe; divestiture of 12 subsidiaries in West and Central Africa and the Indian Ocean to Adenia Partners in 2024; and long-term power purchase agreements with Iberdrola for renewable energy in Spain and Portugal, alongside renewable PPAs with Sasol and Enel Green Power.

Company News

  • L'Air Liquide S.A. (AIQUY) Analyst/Investor Day Transcript

  • Air Liquide Targets Sales, Margin Growth Under 2030 Plan

  • AVNT or AIQUY: Which Is the Better Value Stock Right Now?

  • Air Liquide (OTCMKTS:AIQUY) Shares Pass Below Fifty Day Moving Average – Should You Sell?

  • AVNT vs. AIQUY: Which Stock Is the Better Value Option?

  • Air Liquide: Elliott Adds Capital Return Upside To The Margin Expansion Story

  • Air Liquide rises as Elliott reportedly builds stake, pushes for higher margins

  • AVNT or AIQUY: Which Is the Better Value Stock Right Now?

  • AVNT or AIQUY: Which Is the Better Value Stock Right Now?

  • L'Air Liquide S.A. (AIQUY) Q2 2026 Earnings Call Transcript

  • Quality Isn't Worth Anything, And Air Liquide Proves It

  • Air Liquide Backs Guidance After Revenue, Margin Improvements

  • Air Liquide confirms margin outlook as first-half profit meets expectations

  • AVNT vs. AIQUY: Which Stock Is the Better Value Option?

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  • Air Liquide Invests EUR 200M to Support SK hynix AI Memory Expansion

  • Air Liquide: Margin Expansion Story Remains Intact Ahead Of Key Capital Markets Day

  • LYB vs. AIQUY: Which Stock Should Value Investors Buy Now?