Air Products and Chemicals, Inc.APDNYSE
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R&D Expense Growth Recovery in Progress
Trending higher, below historical average, slight contraction.
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Year-over-year research & development expense growth
Latest
-3.89%
↓ 233% below average
Average (9y)
2.93%
Historical baseline
Range
High:15.09%
Low:-19.27%
CAGR
-5.2%
Structural decline
| Period | Value |
|---|---|
| 2025 | -3.89% |
| 2024 | -5.11% |
| 2023 | 2.62% |
| 2022 | 10.05% |
| 2021 | 11.44% |
| 2020 | 15.09% |
| 2019 | 13.02% |
| 2018 | 11.59% |
| 2017 | -19.27% |
| 2016 | -6.28% |