Company / Capital Expenditures
Air Products Capital Expenditures History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Capital Expenditures
$7.0B
FY2025
5-year range
$2.0B / $7.0B
FY2021-FY2025
Trend
+3.3%
vs FY2024
Sector context
#1 of 109
Materials
What the data says
Among 109 Materials companies, Air Products is in the top 1% for capital expenditures. Capital Expenditures has fluctuated over the past 10 years, ranging from $908M in FY2018 to $7.0B in FY2025.
Based on SEC 10-K filings.
$7.0B in FY2025 with a 5-year CAGR of +22.9%. Ranks 1st among 109 companies in Materials.
Improved from $2.5B to $7.0B over the past 2 years.
Materials sector context is included.
Capital Expenditures over time
Growth rates
- 3-Year CAGR
- +40.9%
- 5-Year CAGR
- +22.9%
- 10-Year CAGR
- -
Sector benchmark
Top 1% in MaterialsTop 1% of 109This company $7.0B Sector average $557.7M
▼
+1159.3% above sector average
Key checks
Key Insights
- 5-year CAGR of +22.9%, indicating consistent growth.
- In FY2025, capital expenditures increased 3.3% year-over-year.
- Ranks #1 out of 109 companies in the Materials sector.
- Lowest capital expenditures in the period was in FY2018.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.86 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Capital ExpendituresValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $7.0B | +3.3% |
| FY2024 | $6.8B | +175.8% |
| FY2023 | $2.5B | -1.8% |
| FY2022 | $2.5B | +26.1% |
| FY2021 | $2.0B | -20.7% |
| FY2020 | $2.5B | +141.3% |
| FY2019 | $1.0B | +14.5% |
| FY2018 | $907.7M | -12.7% |
| FY2017 | $1.0B | +14.5% |
| FY2016 | $907.7M | -21.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026