Company / Operating Income
Air Products Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
-$877.0M
FY2025
5-year range
-$877.0M / $4.5B
FY2021-FY2025
Trend
-119.6%
vs FY2024
Sector context
#93 of 96
Materials
What the data says
Among 96 Materials companies, Air Products is in the bottom 3% for operating income. Operating Income has fluctuated over the past 10 years, ranging from -$877M in FY2025 to $4.5B in FY2024.
Based on SEC 10-K filings.
-$877M in FY2025.
Declined from $2.3B to -$877M over the past 2 years.
Materials sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 3% in MaterialsTop 97% of 96This company -$877.0M Sector average $503.7M
▼
-274.1% below sector average
Key checks
Key Insights
- In FY2025, operating income decreased 119.6% year-over-year.
- Ranks #93 out of 96 companies in the Materials sector.
- Peak operating income was recorded in FY2024.
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 | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$877.0M | -119.6% |
| FY2024 | $4.5B | +95.8% |
| FY2023 | $2.3B | +2.0% |
| FY2022 | $2.2B | +4.3% |
| FY2021 | $2.1B | -4.2% |
| FY2020 | $2.2B | +55.4% |
| FY2019 | $1.4B | -6.2% |
| FY2018 | $1.5B | +6.6% |
| FY2017 | $1.4B | -6.2% |
| FY2016 | $1.5B | +24.5% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026