Air Liquide (OTC:AIQUF) Financial Performance Analysis

Core Insights - Air Liquide reported earnings per share (EPS) of €6.10 (approximately $7.17), which is below the analyst consensus estimate of around €6.43. The company achieved revenue of €26.94 billion (approximately $31.68 billion), slightly below the consensus estimate of €27.0 billion. The full-year net profit increased to €3.518 billion, driven by a 2% comparable sales growth in its gas and services businesses, highlighting their importance in overall financial success [1][3]. Financial Performance - The company's recurring operating income for 2025 was €5.58 billion, slightly exceeding analyst expectations of €5.56 billion, attributed to efficiencies and effective pricing management, particularly within the Industrial Merchant unit [3]. - Air Liquide's full-year net profit increased to €3.518 billion, supported by a 2% comparable sales growth in its gas and services businesses [1][3]. Market Valuation - The company has a price-to-earnings (P/E) ratio of approximately 28.43, indicating the price investors are willing to pay for each dollar of earnings [2][4]. - The price-to-sales ratio is about 3.56, suggesting a strong market value relative to its sales [2][4]. - The enterprise value to sales ratio is around 3.97, reflecting the company's total valuation compared to its sales [2][4]. - The enterprise value to operating cash flow ratio is approximately 16.75, showing how well the company can generate cash from its operations relative to its valuation [4]. - The company has an earnings yield of about 3.52%, indicating the return on investment [4]. - With a debt-to-equity ratio of approximately 0.50, the company maintains a moderate level of debt compared to equity [4]. - The current ratio is around 0.84, indicating its ability to cover short-term liabilities with short-term assets [4]. Competitive Landscape - Air Liquide competes with other major players in the industrial gases market, such as Linde and Air Products and Chemicals [3].