Capital Expenditures for Air Products and Chemicals (APD)
According to Air Products and Chemicals's latest reported financial statements, the company's current capital expenditures (TTM) is $6.16B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$6.16B
YoY change
+3.3%
5Y CAGR
+22.9%
Peak year (2025)
$7.02B
Cumulative capital expenditures
$56.78B
CapEx history chart for Air Products and Chemicals (APD) from 1989 to 2025
CapEx history table for Air Products and Chemicals (APD) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $7.02B | +3.3% | ||
| 2024 | $6.80B | +46.9% | ||
| 2023 | $4.63B | +58.1% | ||
| 2022 | $2.93B | +18.8% | ||
| 2021 | $2.46B | -1.8% | ||
| 2020 | $2.51B | +26.1% | ||
| 2019 | $1.99B | +26.9% | ||
| 2018 | $1.57B | +50.9% | ||
| 2017 | $1.04B | +14.5% | ||
| 2016 | $907.70M | -43.8% | ||
| 2015 | $1.61B | -4.1% | ||
| 2014 | $1.68B | +10.5% | ||
| 2013 | $1.52B | +0.2% | ||
| 2012 | $1.52B | +12.5% | ||
| 2011 | $1.35B | +31.1% | ||
| 2010 | $1.03B | -12.6% | ||
| 2009 | $1.18B | +8.7% | ||
| 2008 | $1.09B | +2.9% | ||
| 2007 | $1.05B | -16.4% | ||
| 2006 | $1.26B | +35.7% | ||
| 2005 | $929.50M | +31.8% | ||
| 2004 | $705.50M | +15.1% | ||
| 2003 | $612.90M | -2.3% | ||
| 2002 | $627.60M | -11.4% | ||
| 2001 | $708.30M | -7.7% | ||
| 2000 | $767.70M | -13.6% | ||
| 1999 | $888.90M | +15.3% | ||
| 1998 | $770.90M | -11.4% | ||
| 1997 | $870.20M | -8.5% | ||
| 1996 | $951.00M | +9.3% | ||
| 1995 | $870.00M | +42.4% | ||
| 1994 | $611.10M | +24.6% | ||
| 1993 | $490.60M | +14.8% | ||
| 1992 | $427.50M | -15.6% | ||
| 1991 | $506.40M | +8.3% | ||
| 1990 | $467.50M | +13.0% | ||
| 1989 | $413.70M | — |
CapEx values are taken from Air Products and Chemicals's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Air Products and Chemicals (APD) capital expenditures totalled $7.02B – edged up 3.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Air Products and Chemicals capital expenditures compounded at +22.9% per year, sustaining 4 straight years of year-over-year growth.
Across the available history, capital expenditures reached its high of $7.02B in 2025 and its low of $413.70M in 1989.
Air Products and Chemicals (APD) sits 1st of 8 Basic Materials peers we track on this metric, against a peer median of $2.43B.
Air Products and Chemicals Capital Expenditures by Year
Air Products and Chemicals Capital Expenditures 2025: $7.02B
Air Products and Chemicals capital expenditures in 2025 was $7.02B, edged up 3.3% from 2024. This figure represents the highest annual value in the available history.
Air Products and Chemicals Capital Expenditures 2024: $6.80B
Air Products and Chemicals capital expenditures in 2024 was $6.80B, surged 46.9% from 2023.
Air Products and Chemicals Capital Expenditures 2023: $4.63B
Air Products and Chemicals capital expenditures in 2023 was $4.63B, surged 58.1% from 2022.
Air Products and Chemicals Capital Expenditures 2022: $2.93B
Air Products and Chemicals capital expenditures in 2022 was $2.93B, grew 18.8% from 2021.
Air Products and Chemicals Capital Expenditures 2021: $2.46B
Air Products and Chemicals capital expenditures in 2021 was $2.46B.
See more financial history for Air Products and Chemicals (APD).
Sector peers — CapEx
Companies in the same sector as Air Products and Chemicals, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Linde plc (LIN) | $5.26B | Basic Materials |
| Freeport-McMoRan Inc. (FCX) | $4.49B | Basic Materials |
| Newmont Corporation (NEM) | $3.04B | Basic Materials |
| Agnico Eagle Mines Limited (AEM) | $2.56B | Basic Materials |
| CRH plc (CRH) | $2.31B | Basic Materials |
| Southern Copper Corporation (SCCO) | $1.33B | Basic Materials |
| Ecolab Inc. (ECL) | $1.05B | Basic Materials |
| The Sherwin-Williams Company (SHW) | $797.60M | Basic Materials |
Frequently asked questions
What is Air Products and Chemicals's capital expenditures?
- Latest reported capital expenditures for Air Products and Chemicals (APD) is $6.16B (period ending December 31, 2025).
How has Air Products and Chemicals capital expenditures changed year-over-year?
- Air Products and Chemicals (APD) capital expenditures changed +3.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Air Products and Chemicals capital expenditures?
- Air Products and Chemicals (APD) capital expenditures compound annual growth rate is +22.9% over the most recent 5 years available.
When did Air Products and Chemicals capital expenditures hit its highest annual value?
- Air Products and Chemicals capital expenditures reached its highest annual value of $7.02B in 2025.
What was Air Products and Chemicals capital expenditures in 2024?
- Air Products and Chemicals (APD) capital expenditures in 2024 was $6.80B.
What was Air Products and Chemicals capital expenditures in 2025?
- Air Products and Chemicals (APD) capital expenditures in 2025 was $7.02B.
Metrics overview
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