APi Group Corporation financials
Source: EDGAR filings · Built 2026-06-02T02:21:03Z
Custom taxonomy namespace:
ffd
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 656.00M | 529.00M | 421.00M | 186.00M | 109.00M | 457.00M |
| EBITDA | 881.00M | 786.00M | 662.00M | 466.00M | 338.00M | 97.00M |
| Working Capital | 1.08B | 773.00M | 775.00M | 731.00M | 1.76B | 596.00M |
| Net Debt | 2.16B | 2.54B | 2.10B | 2.47B | 709.00M | 1.05B |
| Gross Margin | 31.44% | 31.03% | 28.00% | 26.14% | 23.83% | 21.08% |
| Operating Margin | 7.00% | 6.90% | 5.18% | 2.47% | 3.45% | -4.63% |
| Net Margin | 3.82% | 3.56% | 2.21% | 1.11% | 1.19% | -4.27% |
| Return on Equity (ROE) | 8.86% | 8.47% | 7.39% | 3.43% | 2.02% | -9.82% |
| Return on Assets (ROA) | 3.38% | 3.07% | 2.02% | 0.90% | 0.91% | -3.76% |
| Current Ratio | 1.50× | 1.41× | 1.43× | 1.38× | 3.03× | 1.71× |
| Debt-to-Equity | 0.90× | 1.03× | 1.24× | 1.44× | 0.82× | 1.01× |
| Effective Tax Rate | 26.88% | 24.24% | 34.05% | 21.51% | 40.51% | 16.85% |
| Cash Conversion Ratio | 2.51× | 2.48× | 3.36× | 3.70× | 3.87× | -3.24× |
| Accruals Ratio | -0.05× | -0.05× | -0.05× | -0.02× | -0.03× | -0.16× |
| SBC % of Revenue | 0.56% | 0.46% | 0.42% | 0.27% | 0.30% | 0.14% |
| CapEx Coverage | 7.37× | 6.81× | 5.53× | 3.21× | 2.49× | 12.72× |
| Free Cash Flow Per Share | $1.58 | $1.32 | $1.19 | $0.70 | $0.53 | $2.70 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | 188.10× | — | — |
| P/FCF | 24.25× | 18.20× | 19.33× | 26.91× | 48.71× | 6.71× |
| FCF Yield | 4.12% | 5.49% | 5.17% | 3.72% | 2.05% | 14.90% |
| EV / EBITDA | 20.51× | 22.09× | 15.48× | 14.71× | 19.22× | 42.31× |
| P/S | 2.01× | 2.11× | 1.18× | 0.67× | 1.47× | 0.85× |
| P/B | 4.67× | 5.02× | 3.94× | 2.06× | 2.49× | 1.96× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 7.91B | 7.02B | 6.93B | 6.56B | 3.94B | 3.59B |
| Cost of Goods and Services Sold | — | — | 4.99B | 4.84B | 3.00B | — |
| Cost of Revenue | 5.42B | 4.84B | 4.99B | 4.84B | 3.00B | 2.83B |
| Gross Profit | 2.49B | 2.18B | 1.94B | 1.71B | 939.00M | 756.00M |
| Selling, General and Administrative Expense | 1.93B | 1.69B | 1.58B | 1.55B | 803.00M | 725.00M |
| Operating Income (Loss) | 554.00M | 484.00M | 359.00M | 162.00M | 136.00M | -166.00M |
| Income Tax Expense (Benefit) | 111.00M | 80.00M | 79.00M | 20.00M | 32.00M | -31.00M |
| Net Income (Loss) Attributable to Parent | 302.00M | 250.00M | 153.00M | 73.00M | 47.00M | -153.00M |
| Earnings Per Share, Basic | $-0.69 | $-0.56 | $-0.46 | $0.10 | $-0.67 | $-2.21 |
| Weighted Average Number of Shares Outstanding, Basic | 415.71M | 401.51M | 352.71M | 233.20M | 206.00M | 169.00M |
| Earnings Per Share, Diluted | $-0.69 | $-0.56 | $-0.46 | $0.10 | $-0.67 | $-2.21 |
| Weighted Average Number of Shares Outstanding, Diluted | 415.71M | 401.51M | 352.71M | 266.08M | 206.00M | 169.00M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 912.00M | 499.00M | 479.00M | 605.00M | 1.19B | 515.00M |
| Assets, Current | 3.23B | 2.66B | 2.58B | 2.65B | 2.63B | 1.44B |
| Assets | 8.94B | 8.15B | 7.59B | 8.09B | 5.16B | 4.07B |
| Long-term Debt | 2.76B | 2.75B | 2.33B | 2.79B | 1.77B | 1.40B |
| Liabilities, Current | 2.15B | 1.89B | 1.81B | 1.92B | 867.00M | 841.00M |
| Long-term Debt, Excluding Current Maturities | 2.75B | 2.75B | 2.32B | 2.58B | — | — |
| Liabilities | 5.53B | 5.20B | 4.72B | 5.17B | 2.84B | 2.51B |
| Stockholders' Equity Attributable to Parent | 3.41B | 2.95B | 2.07B | 2.13B | 2.32B | 1.56B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 759.00M | 620.00M | 514.00M | 270.00M | 182.00M | 496.00M |
| Payments to Acquire Property, Plant, and Equipment | 96.00M | 84.00M | 86.00M | 79.00M | 55.00M | 38.00M |
| Net Cash Provided by (Used in) Investing Activities | -254.00M | -829.00M | -115.00M | -2.90B | -121.00M | -340.00M |
| Payments for Repurchase of Common Stock | 75.00M | 0 | 41.00M | 44.00M | 0 | 30.00M |
| Net Cash Provided by (Used in) Financing Activities | -121.00M | 245.00M | -532.00M | 1.76B | 917.00M | 99.00M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 67.00M | 356.00M | 307.00M | 106.00M | 50.00M | 265.00M |
| EBITDA | 187.00M | 249.00M | 244.00M | 224.00M | 164.00M | 197.00M |
| Working Capital | 917.00M | 1.08B | 975.00M | 865.00M | 824.00M | 773.00M |
| Net Debt | 2.12B | 2.16B | 2.20B | 2.32B | 2.29B | 2.54B |
| Gross Margin | 31.28% | 32.03% | 31.27% | 30.90% | 31.53% | 30.90% |
| Operating Margin | 5.20% | 7.75% | 7.82% | 7.19% | 4.89% | 6.23% |
| Net Margin | 2.88% | 4.58% | 4.46% | 3.87% | 2.04% | 3.60% |
| Return on Equity (ROE) | 1.64% | 2.85% | 2.84% | 2.43% | 1.17% | 2.27% |
| Return on Assets (ROA) | 0.64% | 1.09% | 1.07% | 0.90% | 0.43% | 0.82% |
| Current Ratio | 1.44× | 1.50× | 1.48× | 1.45× | 1.47× | 1.41× |
| Debt-to-Equity | 0.79× | 0.90× | 0.84× | 0.87× | 0.92× | 1.03× |
| Effective Tax Rate | 19.72% | 24.81% | 28.46% | 28.70% | 23.91% | 14.10% |
| Cash Conversion Ratio | 1.49× | 3.94× | 4.05× | 1.88× | 1.77× | 4.22× |
| Accruals Ratio | -0.00× | -0.03× | -0.03× | -0.01× | -0.00× | -0.03× |
| SBC % of Revenue | 0.56% | 0.61% | 1.49% | 1.06% | 0.58% | 0.32% |
| CapEx Coverage | 4.72× | 14.69× | 5.39× | 3.72× | 5.17× | 15.72× |
| Free Cash Flow Per Share | $0.15 | $0.86 | $0.71 | $0.25 | $0.12 | $0.66 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | 95.47× | 109.78× | 79.47× | — |
| EV / EBITDA | 21.76× | 20.51× | 19.90× | 29.26× | 15.61× | 22.09× |
| P/S | 2.15× | 2.01× | 1.87× | 2.87× | 1.39× | 2.11× |
| P/B | 5.04× | 4.67× | 4.36× | 6.69× | 3.32× | 5.02× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.98B | 2.12B | 2.08B | 1.99B | 1.72B | 1.86B |
| Cost of Revenue | 1.36B | 1.44B | 1.43B | 1.38B | 1.18B | 1.29B |
| Gross Profit | 620.00M | 678.00M | 652.00M | 615.00M | 542.00M | 575.00M |
| Selling, General and Administrative Expense | 517.00M | 514.00M | 489.00M | 472.00M | 458.00M | 459.00M |
| Operating Income (Loss) | 103.00M | 164.00M | 163.00M | 143.00M | 84.00M | 116.00M |
| Income Tax Expense (Benefit) | 14.00M | 32.00M | 37.00M | 31.00M | 11.00M | 11.00M |
| Net Income (Loss) Attributable to Parent | 57.00M | 97.00M | 93.00M | 77.00M | 35.00M | 67.00M |
| Earnings Per Share, Basic | $0.12 | $-1.13 | $0.20 | $0.17 | $0.07 | $-0.07 |
| Weighted Average Number of Shares Outstanding, Basic | 431.49M | 415.71M | 415.81M | 415.27M | 415.85M | 401.51M |
| Earnings Per Share, Diluted | $0.12 | $-1.12 | $0.20 | $0.16 | $0.07 | $-0.07 |
| Weighted Average Number of Shares Outstanding, Diluted | 435.08M | 415.71M | 429.47M | 427.65M | 417.42M | 401.51M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 645.00M | 912.00M | 555.00M | 432.00M | 460.00M | 499.00M |
| Assets, Current | 3.02B | 3.23B | 3.01B | 2.80B | 2.59B | 2.66B |
| Assets | 8.97B | 8.94B | 8.72B | 8.54B | 8.10B | 8.15B |
| Long-term Debt | 2.76B | 2.76B | 2.76B | 2.76B | 2.75B | 2.75B |
| Liabilities, Current | 2.11B | 2.15B | 2.03B | 1.93B | 1.76B | 1.89B |
| Long-term Debt, Excluding Current Maturities | 2.75B | 2.75B | 2.75B | 2.75B | 2.75B | 2.75B |
| Liabilities | 5.48B | 5.53B | 5.45B | 5.37B | 5.12B | 5.20B |
| Stockholders' Equity Attributable to Parent | 3.49B | 3.41B | 3.28B | 3.17B | 2.98B | 2.95B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 85.00M | 382.00M | 377.00M | 145.00M | 62.00M | 283.00M |
| Payments to Acquire Property, Plant, and Equipment | 18.00M | 26.00M | 70.00M | 39.00M | 12.00M | 18.00M |
| Net Cash Provided by (Used in) Investing Activities | -305.00M | -23.00M | -231.00M | -140.00M | -14.00M | -149.00M |
| Payments for Repurchase of Common Stock | 0 | 0 | 75.00M | 75.00M | 75.00M | 0 |
| Net Cash Provided by (Used in) Financing Activities | -42.00M | -5.00M | -116.00M | -101.00M | -98.00M | -103.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (APG CIK 0001796209),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.