Air Products and Chemicals, Inc.APDNYSE
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R&D Expenses Over TimeStable
Percentile Rank50
3Y CAGR-2.2%
5Y CAGR+2.8%
Year-over-Year Change
Research and development spending
3Y CAGR
-2.2%/yr
vs +12.4%/yr prior
5Y CAGR
+2.8%/yr
Recent deceleration
Acceleration
-14.6pp
Decelerating
Percentile
P50
Within normal range
vs 5Y Ago
1.1x
Modest growth
Streak
2 yr
Consecutive declineStable
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $96.30M | -3.9% |
| 2024 | $100.20M | -5.1% |
| 2023 | $105.60M | +2.6% |
| 2022 | $102.90M | +10.1% |
| 2021 | $93.50M | +11.4% |
| 2020 | $83.90M | +15.1% |
| 2019 | $72.90M | +13.0% |
| 2018 | $64.50M | +11.6% |
| 2017 | $57.80M | -19.3% |
| 2016 | $71.60M | - |