Company / SG&A Expense
Air Products SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$906.1M
FY2025
5-year range
$750.0M / $942.4M
FY2021-FY2025
Trend
-3.9%
vs FY2024
Sector context
#19 of 118
Materials
What the data says
Air Products's sg&a expense of $906M is higher than 84% of companies in the Materials sector (FY2025). SG&A Expense has fluctuated over the past 10 years, ranging from $684M in FY2018 to $942M in FY2024.
Based on SEC 10-K filings.
$906M in FY2025 with a 5-year CAGR of +3.2%. Top quartile in the Materials sector.
Increased from $828M to $906M over the past 2 years.
Materials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +5.3%
- 5-Year CAGR
- +3.2%
- 10-Year CAGR
- -
Sector benchmark
Bottom 16% in MaterialsTop 84% of 118This company $906.1M Sector average $689.2M
▼
+31.5% above sector average
Key checks
Key Insights
- 5-year CAGR of +3.2%, indicating consistent growth.
- In FY2025, sg&a expense decreased 3.9% year-over-year.
- Ranks #19 out of 118 companies in the Materials sector.
- Peak sg&a expense 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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $906.1M | -3.9% |
| FY2024 | $942.4M | +13.8% |
| FY2023 | $828.4M | +6.8% |
| FY2022 | $775.9M | +3.5% |
| FY2021 | $750.0M | -3.3% |
| FY2020 | $775.9M | +8.7% |
| FY2019 | $713.5M | +4.3% |
| FY2018 | $683.8M | -4.2% |
| FY2017 | $713.5M | +4.3% |
| FY2016 | $683.8M | -11.5% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026