Company / Cost of Revenue
Air Products Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$8.3B
FY2025
5-year range
$5.9B / $8.3B
FY2021-FY2025
Trend
+1.1%
vs FY2024
Sector context
#18 of 91
Materials
What the data says
Air Products's cost of revenue of $8.3B is higher than 80% of companies in the Materials sector (FY2025). Cost of Revenue has increased for 3 consecutive years, from $5.9B in FY2022 to $8.3B in FY2025.
Based on SEC 10-K filings.
$8.3B in FY2025 with a 5-year CAGR of +7.1%. Top quartile in the Materials sector.
Increased from $7.2B to $8.3B over the past 2 years.
Materials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +12.1%
- 5-Year CAGR
- +7.1%
- 10-Year CAGR
- -
Sector benchmark
Bottom 20% in MaterialsTop 80% of 91This company $8.3B Sector average $5.3B
▼
+55.5% above sector average
Key checks
Key Insights
- Air Products's cost of revenue has grown for 3 consecutive years.
- 5-year CAGR of +7.1%, indicating consistent growth.
- In FY2025, cost of revenue increased 1.1% year-over-year.
- Ranks #18 out of 91 companies in the Materials sector.
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 | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $8.3B | +1.1% |
| FY2024 | $8.2B | +13.7% |
| FY2023 | $7.2B | +22.7% |
| FY2022 | $5.9B | -2.0% |
| FY2021 | $6.0B | +2.0% |
| FY2020 | $5.9B | +1.9% |
| FY2019 | $5.8B | +11.1% |
| FY2018 | $5.2B | -10.0% |
| FY2017 | $5.8B | +11.1% |
| FY2016 | $5.2B | -7.5% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026