L'Air Liquide (AI1) Stock Overview

Provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. More details

AI1 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	4/6
Financial Health	5/6
Dividends	4/6

Rewards

Trading at 30.6% below our estimate of its fair value

Earnings are forecast to grow 9.76% per year

Earnings grew by 6.4% over the past year

Risk Analysis

No risks detected for AI1 from our risk checks.

AI1 Community Fair Values

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L'Air Liquide S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for L'Air Liquide
Historical stock prices
Current Share Price	€172.46
52 Week High	€0
52 Week Low	€0
Beta	0.64
1 Month Change	10.00%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	101.89%

Recent updates

Shareholder Returns

	AI1	CH Chemicals	CH Market
7D	10.0%	3.2%	-0.06%
1Y	n/a	-21.6%	6.2%

Return vs Industry: Insufficient data to determine how AI1 performed against the Swiss Chemicals industry.

Return vs Market: Insufficient data to determine how AI1 performed against the Swiss Market.

Price Volatility

Is AI1's price volatile compared to industry and market?
AI1 volatility
AI1 Average Weekly Movement	3.8%
Chemicals Industry Average Movement	4.9%
Market Average Movement	4.5%
10% most volatile stocks in CH Market	7.9%
10% least volatile stocks in CH Market	2.4%

Stable Share Price: AI1 has not had significant price volatility in the past 3 months compared to the Swiss market.

Volatility Over Time: Insufficient data to determine AI1's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1902	63,126	Francois Jackow	www.airliquide.com

L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, and Engineering & Construction segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, materials and chemicals, food and pharmaceuticals, technology and research, and fabrication and construction sectors.

L'Air Liquide S.A. Fundamentals Summary

How do L'Air Liquide's earnings and revenue compare to its market cap?
AI1 fundamental statistics
Market cap	CHF 98.56b
Earnings (TTM)	CHF 3.24b
Revenue (TTM)	CHF 24.83b

30.4x

P/E Ratio

4.0x

P/S Ratio

Is AI1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AI1 income statement (TTM)
Revenue	€26.94b
Cost of Revenue	€9.65b
Gross Profit	€17.29b
Other Expenses	€13.77b
Earnings	€3.52b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Jul 28, 2026

Earnings per share (EPS)	5.54
Gross Margin	64.18%
Net Profit Margin	13.06%
Debt/Equity Ratio	46.0%

How did AI1 perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

61%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/09 10:48
End of Day Share Price	2026/06/09 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

L'Air Liquide S.A. is covered by 39 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alfonso Mariátegui	Banco de Sabadell. S.A.
Alejandro Vigil	Banco Santander
James Stewart	Barclays

L'Air Liquide S.A.SWX:AI1 Stock Report