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Air Products and Chemicals vs Johnson Matthey: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Johnson Matthey carrying a narrow edge on stability. Air Products and Chemicals still has the edge on stability, which keeps the comparison from looking entirely one-sided. The market setup is currently leaning toward Air Products and Chemicals, which does not confirm the structural lead. That leaves a split case: the structural lead stays with Johnson Matthey, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

Stability points more clearly toward Air Products and Chemicals, Inc., even if the broader score still leans toward Johnson Matthey Plc.

INDUSTRY COMPARISON

Both operate in: Specialty Chemicals

This comparison is based on industry proximity, not on functional trajectory similarity. APD and JMAT.L share the same industry classification.

For a similarity-based comparison, see how APD and Johnson Matthey each position within their functional peer groups in AssetNext.

Peer-Relative Score
APD
Air Products and Chemicals, Inc.
64
Peer-Score
Signal qualityHigh
vs
JMAT.L
Johnson Matthey Plc
69
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in stability.

Dimension spread: APD vs JMAT.L Profitability 35 71 Stability 74 37 Valuation 75 84 Growth 79 77 APD JMAT.L
Gap Ranking
#1 Stability +37
#2 Profitability +36
#3 Valuation +9
#4 Growth +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for APD and JMAT.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer APDJMAT.L Relative valuation Structural strength

Johnson Matthey Plc and Air Products and Chemicals, Inc. look relatively close on structure, but the price setup still leans toward Johnson Matthey Plc.

Valuation position uses Forward P/E where available.

Relative Position vs Comparable Companies
Stability
On stability, Air Products and Chemicals, Inc. ranks near the top of the group; Johnson Matthey Plc sits in the weaker half.
Profitability
The same broad pattern appears on profitability: Johnson Matthey Plc ranks near the top of the group, while Air Products and Chemicals, Inc. stays in the weaker half.
Stability — Dominant Gap
APD
74
JMAT.L
37
Gap+37in favour of APD

The stability gap is wide, with the stronger side looking materially steadier through time.

What keeps the gap from being one-sided

Air Products and Chemicals, Inc. still carries lower volatility exposure — that difference is real enough to prevent the comparison from becoming one-sided.

What this means for the comparison

Stability answers the page question more clearly than the overall score does.

Explore full peer positioning in AssetNext

Break down the APD vs JMAT.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how APD and JMAT.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.