Air Products & Chemicals (APD) Research & Development (2009 - 2026)
Air Products & Chemicals recorded quarterly Research & Development of $21.6 million in Q1 2026, up 5.88% quarter-over-quarter from $20.4 million in Q4 2025, and down 5.68% year-over-year from $22.9 million in Q1 2025.
Air Products & Chemicals' Research & Development history runs 18 years deep, the most recent figure standing at $21.6 million for Q1 2026.
- In Q1 2026, Research & Development fell 5.68% year-over-year to $21.6 million; the TTM figure through Mar 2026 stood at $93.4 million (down 0.64% YoY), while the FY2025 annual figure was $96.3 million, down 3.89% from the prior year.
- Research & Development came in at $21.6 million for Q1 2026 at Air Products & Chemicals, up from $20.4 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $31.1 million in Q3 2022 to a low of $20.4 million in Q4 2025.
- A 5-year average of $24.9 million and a median of $24.7 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development retreated 20.58% in 2023 and gained 23.53% in 2025, its largest moves.
- Air Products & Chemicals' Research & Development stood at $24.4 million in 2022, then rose by 5.33% to $25.7 million in 2023, then dropped by 14.4% to $22.0 million in 2024, then dropped by 7.27% to $20.4 million in 2025, then gained by 5.88% to $21.6 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $21.6 million, $20.4 million, and $27.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 230.79 Bn | 226.84 Bn | 4.26 Bn | 38.00 Mn |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | - |
| 3 | Sherwin Williams | 72.51 Bn | 72.30 Bn | 2.78 Bn | - |
| 4 | Ecolab | 70.96 Bn | 70.34 Bn | 1.85 Bn | - |
| 5 | Air Products & Chemicals | 62.15 Bn | 63.70 Bn | 987.40 Mn | 21.60 Mn |
| 6 | Ppg Industries | 25.04 Bn | 23.57 Bn | 1.66 Bn | 113.00 Mn |
| 7 | LyondellBasell Industries | 21.62 Bn | 21.73 Bn | 701.00 Mn | 36.00 Mn |
| 8 | Albemarle | 20.26 Bn | 19.42 Bn | 500.97 Mn | - |
| 9 | DuPont de Nemours | 19.45 Bn | 19.56 Bn | 602.00 Mn | 47.00 Mn |
| 10 | International Flavors & Fragrances | 19.02 Bn | 18.49 Bn | 1.02 Bn | 166.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.60 Mn |
| Dec 31, 2025 | 20.40 Mn |
| Sep 30, 2025 | 27.30 Mn |
| Jun 30, 2025 | 24.10 Mn |
| Mar 31, 2025 | 22.90 Mn |
| Dec 31, 2024 | 22.00 Mn |
| Sep 30, 2024 | 22.10 Mn |
| Jun 30, 2024 | 27.00 Mn |
| Mar 31, 2024 | 25.40 Mn |
| Dec 31, 2023 | 25.70 Mn |
| Sep 30, 2023 | 24.70 Mn |
| Jun 30, 2023 | 29.30 Mn |
| Mar 31, 2023 | 27.20 Mn |
| Dec 31, 2022 | 24.40 Mn |
| Sep 30, 2022 | 31.10 Mn |
| Jun 30, 2022 | 24.80 Mn |
| Mar 31, 2022 | 23.70 Mn |
| Dec 31, 2021 | 23.30 Mn |
| Sep 30, 2021 | 25.70 Mn |
| Jun 30, 2021 | 23.20 Mn |
| Mar 31, 2021 | 21.10 Mn |
| Dec 31, 2020 | 23.50 Mn |
| Sep 30, 2020 | 27.10 Mn |
| Jun 30, 2020 | 19.90 Mn |
| Mar 31, 2020 | 19.20 Mn |
| Dec 31, 2019 | 17.70 Mn |
| Sep 30, 2019 | 22.90 Mn |
| Jun 30, 2019 | 18.10 Mn |
| Mar 31, 2019 | 16.90 Mn |
| Dec 31, 2018 | 15.00 Mn |
| Sep 30, 2018 | 20.40 Mn |
| Jun 30, 2018 | 15.00 Mn |
| Mar 31, 2018 | 14.50 Mn |
| Dec 31, 2017 | 14.60 Mn |
| Sep 30, 2017 | 13.20 Mn |
| Jun 30, 2017 | 14.60 Mn |
| Mar 31, 2017 | 14.80 Mn |
| Dec 31, 2016 | 15.00 Mn |
| Sep 30, 2016 | 18.00 Mn |
| Jun 30, 2016 | 18.70 Mn |
| Mar 31, 2016 | 18.20 Mn |
| Dec 31, 2015 | 16.90 Mn |
| Sep 30, 2015 | -27.80 Mn |
| Jun 30, 2015 | 33.40 Mn |
| Mar 31, 2015 | 35.80 Mn |
| Dec 31, 2014 | 35.40 Mn |
| Sep 30, 2014 | 39.30 Mn |
| Jun 30, 2014 | 33.80 Mn |
| Mar 31, 2014 | 33.20 Mn |
| Dec 31, 2013 | 33.50 Mn |
| Jun 30, 2013 | 33.50 Mn |
| Mar 31, 2013 | 32.30 Mn |
| Dec 31, 2012 | 33.30 Mn |
| Sep 30, 2012 | 36.10 Mn |
| Jun 30, 2012 | 32.50 Mn |
| Mar 31, 2012 | 29.80 Mn |
| Dec 31, 2011 | 28.10 Mn |
| Sep 30, 2011 | 32.40 Mn |
| Jun 30, 2011 | 29.30 Mn |
| Mar 31, 2011 | 27.90 Mn |
| Dec 31, 2010 | 29.20 Mn |
| Sep 30, 2010 | 31.90 Mn |
| Jun 30, 2010 | 29.30 Mn |
| Mar 31, 2010 | 26.30 Mn |
| Dec 31, 2009 | 27.20 Mn |
| Sep 30, 2009 | 29.40 Mn |
| Jun 30, 2009 | 24.10 Mn |
| Mar 31, 2009 | 29.60 Mn |