APi Group Corp (APG)

APi Group Corporation provides fire and life safety, security, elevator and escalator, and specialty services worldwide. It operates in two segments, Safety Services and Specialty Services. The company offers fire protection solutions; electronic security systems; and elevators and escalators, including the design, installation, inspection, service, and monitoring of life safety systems to high tech services, advanced manufacturing, healthcare, fulfillment and distribution centers, and critical infrastructure end markets. It also provides various specialty contracting, fabrication and distribution, and infrastructure and utility services to critical infrastructure, high tech services, and healthcare end 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.

Symbol
APG
Exchange
NYSE
Sector
Industrials
Industry
Engineering & Construction
Market cap
$16.37B
52 week range
33.4 - 49.99

Valuation

Share price
$37.82 (close of 2026-09-23)
P/E (TTM)
-63.03x
Price to book
4.65x
Price to free cash flow
24.21x
Enterprise value
$19.36B
Book value per share
$8.12

Price performance

PeriodChange
1 day+0.96%
5 days+2.30%
1 month-8.11%
3 months-9.04%
6 months-8.78%
Year to date-1.15%
1 year+9.91%
3 years+122.47%
5 years+169.76%
All time+445.74%

Profitability and growth

Return on equity
8.86%
Return on invested capital
7.96%
Return on assets
3.38%
Return on capital employed
8.16%
Gross margin
31.44%
Net margin
3.82%
EBITDA margin
8.08%
Revenue growth
12.72%
Net income growth
20.80%
Free cash flow growth
23.69%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.13%
Current ratio
1.39x
Net debt to EBITDA
3.19x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$7.91B
Cost of revenue
$5.42B
Gross profit
$2.49B
EBITDA
$639.00M
Net income
$302.00M
Earnings per share
$-0.69
Shares outstanding
415.71M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$7.91B$2.49B$302.00M$-0.69
2024-12-31$7.02B$2.18B$250.00M$-0.56
2023-12-31$6.93B$1.94B$153.00M$-0.46
2022-12-31$6.56B$1.71B$73.00M$0.07
2021-12-31$3.94B$939.00M$47.00M$-0.45
2020-12-31$3.59B$756.00M$-153.00M$-1.47
2019-12-31$985.00M$198.00M$-153.00M$-0.77
2018-12-31$3.73B$787.00M$136.00M$0.00

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3131.44%3.82%8.86%7.96%
2024-12-3131.03%3.56%8.47%7.36%
2023-12-3128.00%2.21%7.39%6.72%
2022-12-3126.14%1.11%3.43%3.12%
2021-12-3123.83%1.19%2.02%3.46%
2020-12-3121.08%-4.27%-9.82%-5.22%
2019-12-3120.10%-15.53%-8.71%-5.98%
2018-12-3121.11%3.65%21.48%26.25%

Cash and debt by year

Period endCashDebt
2025-12-31$912.00M$2.75B
2024-12-31$499.00M$2.75B
2023-12-31$479.00M$2.32B
2022-12-31$605.00M$2.58B
2021-12-31$1.19B$1.77B
2020-12-31$515.00M$1.40B
2019-12-31$256.00M$1.17B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$663.00M$44.00M
2024-12-31$536.00M$32.00M
2023-12-31$428.00M$29.00M
2022-12-31$191.00M$18.00M
2021-12-31$127.00M$12.00M
2020-12-31$458.00M$5.00M
2019-12-31$139.00M$156.00M
2018-12-31$38.00M$3.00M

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$0.48

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$0.44
2026-04-30--
2026-02-25--
2025-10-30--
2025-07-31--
2025-07-30--
2025-05-01--
2025-04-30--

Filings and sources

Company website
apigroupcorp.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

Similar companies

Quanta Services, Inc. (PWR) · Jacobs Solutions Inc. (J) · General Electric Co (GE) · RTX Corp (RTX) · Boeing Co (BA) · Lockheed Martin Corp (LMT) · Howmet Aerospace Inc. (HWM) · Northrop Grumman Corp (NOC)

All Industrials companies

Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades