Company / Goodwill
Air Products Goodwill History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Goodwill
$963.9M
FY2025
5-year range
$823.0M / $963.9M
FY2021-FY2025
Trend
+6.5%
vs FY2024
Sector context
#45 of 87
Materials
What the data says
At $964M, Air Products's goodwill ranks #45 of 87 in the Materials sector. Improved from $823M to $964M over the past 2 years.
Based on SEC 10-K filings.
$964M in FY2025 with a 5-year CAGR of +1.6%.
Improved from $823M to $964M over the past 2 years.
Materials sector context is included.
Goodwill over time
Growth rates
- 3-Year CAGR
- +1.9%
- 5-Year CAGR
- +1.6%
- 10-Year CAGR
- -
Sector benchmark
#45 of 87 in MaterialsTop 52% of 87This company $963.9M Sector average $2.5B
▼
-61.4% below sector average
Key checks
Key Insights
- 5-year CAGR of +1.6%, indicating consistent growth.
- In FY2025, goodwill increased 6.5% year-over-year.
- Ranks #45 out of 87 companies in the Materials sector.
- Lowest goodwill 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 | GoodwillValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $963.9M | +6.5% |
| FY2024 | $905.1M | +10.0% |
| FY2023 | $823.0M | -9.7% |
| FY2022 | $911.5M | +2.2% |
| FY2021 | $891.5M | +0.0% |
| FY2020 | $891.5M | +13.0% |
| FY2019 | $788.9M | +9.3% |
| FY2018 | $721.5M | +0.0% |
| FY2017 | $721.5M | -14.6% |
| FY2016 | $845.1M | +1.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026