COMP <GO>
DOW vs APD // EV/EBITDA & P/E VALUATION
Dow Inc. (NYSE) VS. Air Products and Chemicals Inc. (NYSE) • 15-METRIC TALLY: DOW 7
— APD 6
■ METRIC PARITY
LAST: $34.70 (+3.21%) • MKT CAP: $24.34B
valuation
13.5x
LAST: $316.43 (+1.50%) • MKT CAP: $69.42B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (DOW VS. APD)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | DOW | APD | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 6.30% | 31.40% | -25.10 | APD | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 2.80% | -2.90% | +5.70 | DOW | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 13.5x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -3.15% | -10.76% | +7.61 | DOW | /fcf-yield <GO> |
| Operating Margin | 2.20% | -7.30% | +9.50 | DOW | /operating-margins <GO> |
| Net Profit Margin | 1.70% | -3.30% | +5.00 | DOW | /net-margins <GO> |
| Revenue Growth (YoY) | -7.00% | -0.50% | -6.50 | APD | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 6.12% | 2.28% | +3.84 | DOW | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.83 | 2.65 | -0.82 | APD | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 2/9 | +3.00 | DOW | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 65.8 | 67.0 | -1.20 | APD | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.92 | 1.09 | -0.17 | APD | /macro-sensitivity <GO> |
| Forward P/E Multiple | 33.7x | 36.0x | -2.30 | DOW | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $24.34B | $69.42B | -$45.09B | APD | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | DOW REV | APD REV | DOW GROSS % | APD GROSS % | DOW FCF | APD FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $39.97B | $12.04B | 6.3% | 31.4% | -$766.6M | — |
| FY 2024 | $42.96B | $12.10B | 10.7% | — | $980.6M | — |
| FY 2023 | $44.62B | $12.60B | — | — | $3.19B | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
DOW // BETA 0.92
APD // BETA 1.09