APi Group Corporation(APG)Earnings, Financials & Key Ratios

APG•NYSE

$41.10

Price updated Jun 27, 2026

SectorIndustrials IndustryEngineering & Construction Sub-IndustryBuilding systems and specialty trades

AboutAPi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems. The Specialty Services segment provides infrastructure and specialized industrial plant services, including maintenance and repair of underground electric, gas, water, sewer, and telecommunications infrastructure. This segment also offers engineering and design, fabrication, installation, and retrofitting and upgrading services. The Industrial Services segment provides various services and solutions comprising pipeline infrastructure, access and road construction, supporting facilities, and integrity management and maintenance to the energy industry focused on transmission and distribution. It serves customers in the public and private sectors, including commercial, industrial, fulfillment centers, distribution, manufacturing, education, healthcare, telecom, transmission, utilities, high tech, entertainment, retail, financial services, and governmental markets. The company was formerly known as J2 Acquisition Limited and changed its name to APi Group Corporation in October 2019. APi Group Corporation was founded in 1926 and is headquartered in New Brighton, Minnesota.Show more

Revenue$7.91B+12.7%
EBITDA$881M+12.1%
Net Income$302M+20.8%
EPS (Diluted)-0.69-23.2%
Gross Margin31.44%+1.3%
EBITDA Margin11.14%-0.6%
Operating Margin7%+1.5%
Net Margin3.82%+7.2%
ROE9.5%+10.5%

APG Price & Volume

APi Group Corporation (APG) stock price & volume — 10-year historical chart

Loading chart...

Inorganic Growth Strategy Masks Operational Margin Volatility

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Accelerating

Profitability:Moderate

Financial:Strained

Cash Flow:Mixed

Primary Risk:High acquisition-related leverage

Key Thesis Takeaways

APi Group continues to prioritize an aggressive buy-and-build strategy, evidenced by a $3.3 billion goodwill balance that underscores the company's reliance on successful M&A integration.
While top-line revenue growth has accelerated to 15.3% as of 2026Q1, investors should remain cautious regarding the inconsistent operating leverage and the significant volatility in quarterly EPS, which swung from a $1.19 loss in 2025Q4 to a $0.12 gain in 2026Q1.
The long-term outlook remains contingent on the company's ability to stabilize its decentralized service model and improve cash conversion efficiency, which currently faces pressure from erratic working capital swings.

Verdict Logic

while the company has achieved 15.3% revenue growth, the high valuation of 24.18x forward P/E and the significant reliance on inorganic expansion warrant a cautious approach until operating margins stabilize above the 7.5% level reported in 2026Q1.

APG Growth Metrics

APi Group Corporation (APG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years17.14%

3 Years6.45%

TTM14.55%

Profit CAGR

10 Years-

5 Years-

3 Years60.53%

TTM35%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-317.52%

Return on Capital

10 Years4.52%

5 Years5.85%

3 Years7.51%

Last Year8.49%

APG Recent Earnings

APi Group Corporation (APG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)

Q2 2026Latest

Apr 30, 2026

Metric

Actual

Est

EPS

$0.32+5.1%

$0.30

Rev

$2.0B+3.1%

$1.9B

Q1 2026

Feb 25, 2026

Metric

Actual

Est

EPS

$0.44+6.5%

$0.41

Rev

$2.1B+1.2%

$2.1B

Q4 2025

Oct 30, 2025

Metric

Actual

Est

EPS

$0.41+5.1%

$0.39

Rev

$2.1B-0.4%

$2.1B

Q3 2025

Jul 31, 2025

Metric

Actual

Est

EPS

$0.39+5.4%

$0.37

Rev

$2.0B+0.2%

$2.0B

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 30, 2026	$0.32vs $0.30+5.1%	$2.0Bvs $1.9B+3.1%
Q1 2026	Feb 25, 2026	$0.44vs $0.41+6.5%	$2.1Bvs $2.1B+1.2%
Q4 2025	Oct 30, 2025	$0.41vs $0.39+5.1%	$2.1Bvs $2.1B-0.4%
Q3 2025	Jul 31, 2025	$0.39vs $0.37+5.4%	$2.0Bvs $2.0B+0.2%

Based on last 12 quarters of dataView full earnings history →

Latest APG News

Recent stock market news and headlines for APi Group Corporation (APG)

Seeking Alpha·5 days ago

APi Group: Safety Player Continuing To Execute

APi Group demonstrates strong growth momentum through double-digit organic growth and strategic M&A, notably acquiring Wtech Fire Group and Onyx-Fire Protection Service. APi Group raised full-year sales guidance twice post-acquisitions, now targeting $8.575–$8.775 billion revenue and $1.165–$1.225 billion adjusted EBITDA. Valuation has become more attractive, with shares down from April highs and forward P/E multiples compressing to around 20x on improved earnings outlook.

Peers Comparison

Key metrics vs top competitors for APi Group Corporation (APG)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
APGAPi Group CorporationCurrent	$41.10	$17.78B	-59.57	12.72%	3.82%	9.5%	—
MYRGMYR Group Inc.	$477.95	$7.44B	63.47	8.79%	3.71%	22.14%	—
PWRQuanta Services, Inc.	$687.87	$103.22B	101.16	19.76%	3.72%	12.96%	—
MTZMasTec, Inc.	$396.35	$31.24B	78.18	16.22%	3%	14.16%	—
WLDNWilldan Group, Inc.	$81.32	$1.23B	23.30	20.46%	8.24%	19.38%	—
CTOSCustom Truck One Source, Inc.	$11.94	$2.71B	-85.29	7.86%	-0.88%	-2.18%	—

Compare APG vs Peers

APi Group Corporation (APG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MYRG

Most directly comparable listed peer for APG.

Scale Benchmark

vs HON

Larger-name benchmark to compare APG against a more recognizable public peer.

Peer Set

Compare Top 5

vs MYRG, PWR, MTZ, WLDN

APG SEC Filings & Documents

APi Group Corporation (APG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 30, 2026·SEC

Material company update

Feb 25, 2026·SEC

Material company update

Feb 17, 2026·SEC

10-K Annual Reports

FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

Get notified when APG posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

APG Frequently Asked Questions

APi Group Corporation (APG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is APi Group Corporation's revenue?

APi Group Corporation (APG) reported $8.17B in revenue for fiscal year 2025. This represents a 168% increase from $3.05B in 2017.

How fast is APi Group Corporation growing?

APi Group Corporation (APG) grew revenue by 12.7% over the past year. This is steady growth.

Is APG profitable?

Yes, APi Group Corporation (APG) is profitable, generating $324.0M in net income for fiscal year 2025 (3.8% net margin).

Dividend & Returns

What is APG's return on equity?

APi Group Corporation (APG) has a return on equity (ROE) of 9.5%. This is below average, suggesting room for improvement.

What is APi Group Corporation's free cash flow?

APi Group Corporation (APG) generated $680.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in APG back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

Apr 30, 2026

$0.32vs $0.30+5.1%

$2.0Bvs $1.9B+3.1%

Q1 2026

Feb 25, 2026

$0.44vs $0.41+6.5%

$2.1Bvs $2.1B+1.2%

Q4 2025

Oct 30, 2025

$0.41vs $0.39+5.1%

$2.1Bvs $2.1B-0.4%

Q3 2025

Jul 31, 2025

$0.39vs $0.37+5.4%

$2.0Bvs $2.0B+0.2%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

APGAPi Group CorporationCurrent

$41.10

$17.78B

-59.57

12.72%

3.82%

9.5%

—

MYRGMYR Group Inc.

$477.95

$7.44B

63.47

8.79%

3.71%

22.14%

—

PWRQuanta Services, Inc.

$687.87

$103.22B

101.16

19.76%

3.72%

12.96%

—

MTZMasTec, Inc.

$396.35

$31.24B

78.18

16.22%

14.16%

—

WLDNWilldan Group, Inc.

$81.32

$1.23B

23.30

20.46%

8.24%

19.38%

—

CTOSCustom Truck One Source, Inc.

$11.94

$2.71B

-85.29

7.86%

-0.88%

-2.18%

—