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🕒 Last update: loading…09/11/2026

Stock Air Liquide AI.PA

L'Air Liquide S.A. — Investlytic score 2/5 on the five criteria.

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40/ 100
Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 2/5 criteria met. Data as of 01/11/2026.

  • ✅ Price trend passed
  • ✅ Growth passed
  • ❌ Debt failed
  • ❌ P/E failed
  • ❌ Correction failed

Price trend

Overall trend (8 years): the price has been multiplied by at least 1.5.

Price change 2018 → 2019: 28.01%

Price change 2019 → 2020: 6.38%

Price change 2020 → 2021: 14.20%

Price change 2021 → 2022: -5.01%

Price change 2022 → 2023: 33.03%

Price change 2023 → 2024: -1.99%

Price change 2024 → 2025: 2.13%

Price change 2025 → 2026: 12.87%

Price change 2026 (year to date): 13.76%

Financial growth

Revenue CAGR (8 years): 3.61%

Earnings CAGR (8 years): 7.55%

Growth status: positive trend (>1%/yr) in revenue and earnings.

Debt

Debt-to-equity ratio: 0.52

Debt/equity > 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: 32.52

P/E > 25.0 (maximum threshold).

Correction (6 months)

Current correction: 1.78% from the high over 6 months.

Insufficient correction (< 10.0%).

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Criteria of the Investlytic model

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Price trend

Price & trend

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⚖️ Comparison with the market

All stocks →
StockP/EDette/FPRevenue growthRating
L'Air Liquide S.A.32.50.52+4.7 %🔒
Southern Copper Corporation23.40.67+6.6 %–
Agnico Eagle Mines Limited14.60.01+14.9 %–
Barrick Mining Corporation10.80.18+3.0 %–
BASF Se27.80.74−0.5 %–

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by Air Liquide over the latest fiscal years.

Revenue
30.0 bn USD
fiscal year 2025
Net income
3.9 bn USD
fiscal year 2025
Net margin
13.1 %
fiscal year 2025
Average annual growth
+5.6 %
Revenue growth over 5 years
Average annual growth
+5.5 %
Revenue growth over 10 years
Market cap
133 bn USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
202022.8 bn2.7 bn11.9 %n/a
202126.0 bn2.9 bn11.0 %+13.9 %
202233.4 bn3.1 bn9.2 %+28.3 %
202330.8 bn3.4 bn11.2 %-7.8 %
202430.2 bn3.7 bn12.2 %-2.0 %
202530.0 bn3.9 bn13.1 %-0.4 %

Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.

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Accounts and financial health

Balance sheet and cash flow published by Air Liquide over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
average accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
3.85
safe zone (above 2.99)
Piotroski Score
5 / 9
4 to 6: average accounts
DCF Value
127.29 EUR
DCF below share price · share price 187.78 EUR, gap -32.2 %
Net Debt / EBITDA
1.82 x
moderate debt
Fiscal year20212022202320242025
Cash and investments2.2 bn1.9 bn1.6 bn1.9 bn4.0 bn
Total Debt14.0 bn13.5 bn12.1 bn12.4 bn13.6 bn
Net Debt11.7 bn11.5 bn10.5 bn10.5 bn9.6 bn
Equity21.5 bn23.7 bn24.3 bn26.9 bn26.2 bn
Total assets46.8 bn49.5 bn48.3 bn51.9 bn51.9 bn
Operating cash flow5.4 bn5.6 bn6.3 bn6.3 bn6.4 bn
Investments (capex)2.9 bn3.3 bn3.4 bn3.5 bn3.8 bn
Free cash-flow2.5 bn2.3 bn2.9 bn2.8 bn2.5 bn
Share buybacks40.1 m192 m81.9 m231 m4.0 m
Dividends paid1.3 bn1.4 bn1.6 bn1.7 bn2.0 bn

Amounts in EUR, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)32.15 x
Price / book value4.51 x
Return on Equity (ROE)13.4 %
Return on Invested Capital (ROIC)8.5 %
Net margin13.1 %
Debt / equity0.65 x
Current ratio0.87 x
Interest coverage13.24 x
Free cash-flow yield1.3 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.

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Valuation and competitors

Air Liquide compared with its sector on the same exchange and with its main competitors.

Company P/E
33.7
23.7 % above the sector
Sector median P/E
27.3
basic materials, Euronext Paris
Sector over 10 years
17.5
10-year median, range 14.6 to 27.8

Direct competitors

CompanyMarket cap (USD)P/ENet margin
Air Liquide129 bn32.513.1 %
Linde plc LIN236 bn30.620.3 %
Air Products and Chemicals, Inc. APD70.5 bn24.6-3.3 %
Linde India Limited LINDEINDIA.NS5.1 bn101.318.3 %
Sector median (Euronext Paris)27.3

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on 09/11/2026. Competitors: comparable companies named by the data provider.

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Analyst consensus and forecasts

What the financial analysts covering Air Liquide publish: ratings, price targets and earnings forecasts.

Majority rating
buy
21 analysts

Breakdown of ratings

strong buy 5buy 14hold 2sell 0strong sell 0

Price targets: published for companies listed in the United States only.

Analyst forecasts

Fiscal yearRevenueNet incomeExpected EPS (range)P/E on this EPSAnalysts
202628.3 bn3.8 bn6.48 (6.20 / 6.94)27.915
202729.6 bn4.5 bn7.21 (6.81 / 8.14)25.116
202831.0 bn4.6 bn7.93 (7.47 / 8.42)22.813

Amounts in EUR, the reporting currency.

Track record against expectations: reported EPS above consensus 5 times over the last 12 releases.

Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.

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Dividends and earnings

Air Liquide: dividend history, last distributions, stock splits and earnings releases.

Frequency
annual
Last dividend
3.36 EUR
ex-dividend on 18/05/2026
Last 12 months
3.36 EUR
number of payments: 1
Yield
2.3 %
on the last known price
Years of increases
7
consecutive
Years of payments
26
uninterrupted
00.841.682.523.362007 : 0.968 EUR2008 : 1.19 EUR20082009 : 1.05 EUR2010 : 1.05 EUR20102011 : 1.17 EUR2012 : 1.25 EUR20122013 : 1.37 EUR2014 : 1.40 EUR20142015 : 1.54 EUR2016 : 1.57 EUR20162017 : 1.61 EUR2018 : 1.81 EUR20182019 : 1.81 EUR2020 : 2.03 EUR20202021 : 2.07 EUR2022 : 2.18 EUR20222023 : 2.44 EUR2024 : 2.64 EUR20242025 : 3.00 EUR2026 : 3.36 EUR2026

Annual dividend per share (EUR), adjusted for splits. Light bar: current year, incomplete. Red bar: lower than the previous year.

Latest ex-dividend dates

Ex-dividendAmountPayment
18/05/20263.36 EUR20/05/2026
19/05/20253.00 EUR21/05/2025
20/05/20242.64 EUR22/05/2024
15/05/20232.44 EUR17/05/2023
16/05/20222.18 EUR18/05/2022
17/05/20212.07 EUR19/05/2021
11/05/20202.03 EUR13/05/2020
20/05/20191.81 EUR22/05/2019

Earnings releases

DatePublished EPSExpected EPSSurprise
28/07/20262.863.06-6.5 %
20/02/20263.123.17-1.6 %
29/07/20253.383.29+2.7 %
21/02/20252.783.15-11.7 %
22/10/20242.792.67+4.5 %
20/02/20244.462.93+52.2 %

Stock splits

DateOperation
08/06/2026split: 11 shares for 10
10/06/2024split: 11 shares for 10
06/06/2022split: 11 shares for 10
07/10/2019split: 11 shares for 10
02/10/2017split: 11 shares for 10
14/09/2016split: 513 shares for 500

Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.

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Who owns the stock

Free float, institutional investors, large funds, executives and elected officials: declared positions in Air Liquide.

Free float
99.6 %
share of freely traded shares

Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 31/10/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.

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PEA and practical information

PEA eligibility
likely
head office in the EU or EEA, listed on a European exchange
Listing exchange
Euronext Paris
IPO: 20/02/1913
ISIN code
FR0000120073
Workforce
64,124
full-time employees
Chief executive
Francois Jackow

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about Air Liquide

What is the Air Liquide share price?

Latest recorded price: 187.78 EUR on 06/11/2026, for a market cap of 133 bn USD.

What is the revenue of Air Liquide?

30.0 bn USD for fiscal year 2025, with net income of 3.9 bn USD (net margin 13.1 %).

Does Air Liquide pay a dividend?

Yes. Latest dividend: 3.36 EUR per share, ex-dividend on 18/05/2026. Over 12 months: 3.36 EUR. Yield on the latest known price: 2.3 %.

What do analysts say about Air Liquide?

Out of 21 analysts: 19 buy or strong buy, 2 hold, 0 sell or strong sell.

What is the P/E ratio of Air Liquide?

Trailing 12-month P/E of 33.7, against 27.3 for the sector median on the same exchange (10-year median: 17.5).

Is Air Liquide stock eligible for the French PEA?

Likely: the company is headquartered in the European Union or the European Economic Area (ISIN FR0000120073) and the stock is listed on a European exchange. The institution holding the PEA confirms eligibility.

How many employees does Air Liquide have?

64,124 full-time employees according to the latest published profile.

Who runs Air Liquide?

Francois Jackow is the company's chief executive.

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