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APG (APi Group Corporation) Stock Financials & Earnings | Market Cap Arena
APG
APi Group Corporation
Mkt Cap
$18B
Industrials
·
Engineering & Construction
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$7.9B
Net Income (TTM)
$293M
EPS (TTM)
-$0.76
Free Cash Flow (TTM)
$663M
Gross Margin
31.4%
Op. Margin
7.0%
Net Margin
3.7%
FCF Margin
8.4%
P/S Ratio (TTM)
2.3x
P/E Ratio (TTM)
62.9x
YoY Rev Growth
+12.7%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$1.6B
$425M
$73M
Q2 23
$1.8B
$496M
$107M
Q3 23
$1.8B
$511M
$104M
Q4 23
$1.8B
$508M
$75M
Q1 24
$1.6B
$492M
$100M
Q2 24
$1.7B
$544M
$126M
Q3 24
$1.8B
$567M
$142M
Q4 24
$1.9B
$575M
$116M
Q1 25
$1.7B
$542M
$84M
Q2 25
$2.0B
$615M
$143M
Q3 25
$2.1B
$652M
$163M
Q4 25
$2.1B
$678M
$164M
marketcaparena.com
Revenue Breakdown
APG
APi Group Corporation
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
2.8x
174.0x
Q2 23
2.7x
148.7x
Q3 23
2.7x
122.9x
Q4 23
2.7x
120.5x
Q1 24
2.7x
107.2x
Q2 24
2.7x
95.5x
Q3 24
2.7x
88.7x
Q4 24
2.6x
73.8x
Q1 25
2.6x
76.8x
Q2 25
2.5x
74.4x
Q3 25
2.4x
70.1x
Q4 25
2.3x
62.9x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$1M
-$22M
Q2 23
$74M
$49M
Q3 23
$144M
$126M
Q4 23
$297M
$275M
Q1 24
$7M
-$15M
Q2 24
$110M
$88M
Q3 24
$220M
$198M
Q4 24
$283M
$265M
Q1 25
$62M
$50M
Q2 25
$83M
$56M
Q3 25
$232M
$201M
Q4 25
$382M
$356M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$21M
Q2 23
$25M
Q3 23
$18M
Q4 23
$22M
Q1 24
$22M
Q2 24
$22M
Q3 24
$22M
Q4 24
$18M
Q1 25
$12M
Q2 25
$27M
Q3 25
$31M
Q4 25
$26M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+9.7%
+4.3%
Q2 23
+7.4%
+4.7%
Q3 23
+2.8%
+0.4%
Q4 23
+3.3%
+1.8%
Q1 24
-0.8%
-2.6%
Q2 24
-2.3%
-3.6%
Q3 24
+2.4%
+0.2%
Q4 24
+5.8%
+3.6%
Q1 25
+7.4%
+8.9%
Q2 25
+15.0%
+15.1%
Q3 25
+14.2%
+14.1%
Q4 25
+13.8%
+11.9%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$5M
0.3%
Q2 23
$6M
0.3%
Q3 23
$8M
0.4%
Q4 23
$10M
0.6%
Q1 24
$8M
0.5%
Q2 24
$9M
0.5%
Q3 24
$9M
0.5%
Q4 24
$6M
0.3%
Q1 25
$10M
0.6%
Q2 25
$11M
0.6%
Q3 25
$10M
0.5%
Q4 25
$13M
0.6%
marketcaparena.com
OpEx Breakdown
G&A
S&M
SG&A
Quarter
G&A
S&M
SG&A
Q1 23
$349M
$3M
—
Q2 23
$389M
—
—
Q3 23
$404M
$3M
—
Q4 23
$430M
—
—
Q1 24
—
—
$392M
Q2 24
$418M
—
—
Q3 24
—
—
$425M
Q4 24
$404M
—
—
Q1 25
—
—
$458M
Q2 25
$472M
—
—
Q3 25
—
—
$489M
Q4 25
—
—
$514M
marketcaparena.com
Revenue Segments
Safety Services
Specialty Services
Fabrication
Heating Ventilation And Air Conditioning
Infrastructure Utility
Life Safety
Specialty Contracting
Quarter
Safety Services
Specialty Services
Fabrication
Heating Ventilation And Air Conditioning
Infrastructure Utility
Life Safety
Specialty Contracting
Q3 23
$1.2B
$569M
—
—
—
—
—
Q2 24
—
—
$47M
$115M
$246M
$1.2B
$160M
Q3 24
—
—
$63M
$132M
$283M
$1.2B
$147M
Q4 24
—
—
$70M
$127M
$263M
$1.3B
$130M
Q1 25
—
—
—
—
$185M
$1.3B
$198M
Q2 25
—
—
—
—
$256M
$1.4B
$274M
Q3 25
—
—
—
—
$291M
$1.4B
$289M
marketcaparena.com
Revenue by Geography
Americas
France
Other Countries
Quarter
Americas
France
Other Countries
Q1 23
$970M
$156M
$488M
Q2 23
$1.1B
$150M
$498M
Q3 23
$1.2B
$140M
$492M
Q1 24
$963M
$162M
$476M
Q2 24
$1.1B
$157M
$499M
Q3 24
$1.2B
$153M
$493M
Q4 24
$1.2B
$165M
$530M
Q1 25
$1.1B
$161M
$479M
Q2 25
$1.3B
$172M
$516M
Q3 25
$1.4B
$170M
$518M
Q4 25
$1.4B
$188M
$527M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$363M
$0
$363M
Q2 23
$368M
$0
$368M
Q3 23
$461M
$0
$461M
Q4 23
$479M
$0
$479M
Q1 24
$247M
$0
$247M
Q2 24
$324M
$0
$324M
Q3 24
$487M
$0
$487M
Q4 24
$499M
$0
$499M
Q1 25
$460M
$0
$460M
Q2 25
$432M
$0
$432M
Q3 25
$555M
$0
$555M
Q4 25
$912M
$0
$912M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
401M
+0.1%
Q2 23
404M
+0.9%
Q3 23
405M
+0.2%
Q4 23
352M
-13.0%
Q1 24
375M
+6.3%
Q2 24
414M
+10.4%
Q3 24
414M
+0.1%
Q4 24
412M
-0.3%
Q1 25
417M
+1.2%
Q2 25
416M
-0.4%
Q3 25
429M
+3.2%
Q4 25
416M
-3.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 17
—
—
FY 18
—
—
FY 19
—
—
FY 20
$276K
13K
FY 21
$296K
13K
FY 22
$252K
26K
FY 23
$346K
20K
FY 24
$351K
20K
FY 25
$396K
20K
marketcaparena.com