Company / Free Cash Flow
Air Products Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
-$3.8B
FY2025
5-year range
-$3.8B / $980.2M
FY2021-FY2025
Trend
-19.5%
vs FY2024
Sector context
#109 of 109
Materials
What the data says
Among 109 Materials companies, Air Products is in the bottom 0% for free cash flow. Free Cash Flow has fluctuated over the past 10 years, ranging from -$3.8B in FY2025 to $1.5B in FY2019.
Based on SEC 10-K filings.
-$3.8B in FY2025.
Declined from $871M to -$3.8B over the past 2 years.
Materials sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 0% in MaterialsTop 100% of 109This company -$3.8B Sector average $394.3M
▼
-1055.1% below sector average
Key checks
Key Insights
- In FY2025, free cash flow decreased 19.5% year-over-year.
- Ranks #109 out of 109 companies in the Materials sector.
- Peak free cash flow was recorded in FY2019.
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 | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$3.8B | -19.5% |
| FY2024 | -$3.1B | -461.7% |
| FY2023 | $871.0M | +15.3% |
| FY2022 | $755.7M | -22.9% |
| FY2021 | $980.2M | +29.7% |
| FY2020 | $755.7M | -49.2% |
| FY2019 | $1.5B | +10.2% |
| FY2018 | $1.4B | -9.2% |
| FY2017 | $1.5B | +10.2% |
| FY2016 | $1.4B | +52.7% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026