Latest period
$5.52B
YoY change
+3.3%
5Y CAGR
+22.9%
Peak year (2025)
$7.02B
Cumulative CapEx
$59.28B
CapEx history chart for Air Products and Chemicals (APD) from 1989 to 2025
Latest: $7.02B
CapEx growth chart for Air Products and Chemicals (APD) from 1989 to 2025
Latest: +3.3%
CapEx history table for Air Products and Chemicals (APD) from 1989 to 2025
| 2025 | $7.02B | +3.3% | +$225.90M | ||
| 2024 | $6.80B | +46.9% | +$2.17B | ||
| 2023 | $4.63B | +58.1% | +$1.70B | ||
| 2022 | $2.93B | +18.8% | +$462.30M | ||
| 2021 | $2.46B | -1.8% | −$44.80M | ||
| 2020 | $2.51B | +26.1% | +$519.30M | ||
| 2019 | $1.99B | +26.9% | +$421.30M | ||
| 2018 | $1.57B | +50.9% | +$528.70M | ||
| 2017 | $1.04B | +14.5% | +$132.00M | ||
| 2016 | $907.70M | -43.8% | −$707.10M | ||
| 2015 | $1.61B | -4.1% | −$69.40M | ||
| 2014 | $1.68B | +10.5% | +$160.00M | ||
| 2013 | $1.52B | +0.2% | +$3.20M | ||
| 2012 | $1.52B | +12.5% | +$169.30M | ||
| 2011 | $1.35B | +31.1% | +$320.80M | ||
| 2010 | $1.03B | -12.6% | −$148.20M | ||
| 2009 | $1.18B | +8.7% | +$94.00M | ||
| 2008 | $1.09B | +2.9% | +$30.10M | ||
| 2007 | $1.05B | -16.4% | −$206.30M | ||
| 2006 | $1.26B | +35.7% | +$331.80M | ||
| 2005 | $929.50M | +31.8% | +$224.00M | ||
| 2004 | $705.50M | +15.1% | +$92.60M | ||
| 2003 | $612.90M | -2.3% | −$14.70M | ||
| 2002 | $627.60M | -11.4% | −$80.70M | ||
| 2001 | $708.30M | -7.7% | −$59.40M | ||
| 2000 | $767.70M | -13.6% | −$121.20M | ||
| 1999 | $888.90M | +15.3% | +$118.00M | ||
| 1998 | $770.90M | -11.4% | −$99.30M | ||
| 1997 | $870.20M | -8.5% | −$80.80M | ||
| 1996 | $951.00M | +9.3% | +$81.00M | ||
| 1995 | $870.00M | +42.4% | +$258.90M | ||
| 1994 | $611.10M | +24.6% | +$120.50M | ||
| 1993 | $490.60M | +14.8% | +$63.10M | ||
| 1992 | $427.50M | -15.6% | −$78.90M | ||
| 1991 | $506.40M | +8.3% | +$38.90M | ||
| 1990 | $467.50M | +13.0% | +$53.80M | ||
| 1989 | $413.70M | — | — |
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Air Products and Chemicals (APD)
According to Air Products and Chemicals's latest reported financial statements, the company's current CapEx (TTM) is $5.52B. 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 .
In 2025, Air Products and Chemicals (APD) CapEx totalled $7.02B – edged up 3.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Air Products and Chemicals CapEx compounded at +22.9% per year, sustaining 4 straight years of year-over-year growth.
Across the available history, CapEx reached its high of $7.02B in 2025 and its low of $413.70M in 1989.
Air Products and Chemicals Capital Expenditures by Year
Air Products and Chemicals Capital Expenditures 2025: $7.02B
Air Products and Chemicals CapEx 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
2024's CapEx for Air Products and Chemicals came in at $6.80B, surged 46.9% from 2023.
Air Products and Chemicals Capital Expenditures 2023: $4.63B
Air Products and Chemicals posted CapEx of $4.63B in 2023, surged 58.1% from 2022.
Air Products and Chemicals Capital Expenditures 2022: $2.93B
In 2022, Air Products and Chemicals reported CapEx of $2.93B, grew 18.8% from 2021.
Air Products and Chemicals Capital Expenditures 2021: $2.46B
Air Products and Chemicals CapEx in 2021 was $2.46B.
See more financial history for Air Products and Chemicals (APD).
Sector peers by CapEx
Basic Materials peers of Air Products and Chemicals (APD), ranked by their latest CapEx
| $5.26B | |
| $4.49B | |
| $3.04B | |
| $2.71B | |
| $2.56B | |
| $1.33B | |
| $1.05B | |
| $797.60M |
- $5.26B
- $4.49B
- $3.04B
- $2.71B
- $2.56B
- $1.33B
- $1.05B
- $797.60M
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