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Friday 6 November 2026 Export APG’s income statement to Excel — free account

APi Group Corporation

APG Industrials Engineering & Construction

APi Group Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.9 billion, up 12.7% from fiscal 2024.

Revenue
+22.5%
EPS
+32.3%
Free cash flow
−0.98%
Total debt
+29.6%

Quarter to September 2026, against a year earlier

40.59 3.44 −7.81%
Market cap
$17.3B
P/E
0.0×
Fwd P/E
48.5×
Dividend yield
—
F-score
6/9
Altman Z
3.04
Beneish M
−2.66
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

APi Group Corporation (APG) Earnings & Analysis

Updated · Covers results through Q2 FY2026 · How this is made

Latest quarter

APi Group reported Q2 FY2026 revenue of $2.3 billion, above the consensus estimate of $2.2 billion. Its adjusted earnings per share of $0.44 matched the consensus.

Revenue rose from $2.0 billion a year earlier. APi attributed the increase to growth in inspection, service, monitoring and project revenue, as well as acquisitions and pricing improvements. The filing says both Safety Services and Specialty Services increased revenue, with project and service growth contributing to Specialty Services.

Gross margin rose to 31.2% from 30.9% a year earlier. APi attributed higher project and service margins to customer and project selection and pricing improvements, partly offset by business mix. Operating margin rose to 7.76% from 7.19%.

APi reported diluted earnings per share of $0.20, up from $0.16 a year earlier. Free cash flow fell to $54.0 million from $62.0 million.

Q2 FY2026 Q2 FY2025 Change
Revenue $2.3 billion $2.0 billion 13.3%
Diluted EPS $0.20 $0.16 25.0%
Gross margin 31.2% 30.9% 0.3 percentage points
Operating margin 7.76% 7.19% 0.6 percentage points
Free cash flow $54.0 million $62.0 million −12.9%
Against the consensus Reported Consensus Result
Adjusted EPS $0.44 $0.44 In line
Revenue $2.3 billion $2.2 billion Beat by 2.49%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

APi Group’s latest earnings call was not available, so its call commentary cannot be reported.

Guidance

APi raised its FY2026 net revenue guidance to $8.9 billion to $9.0 billion from its previous outlook. In the same release, the company also raised its full-year adjusted EBITDA guidance from the range it had previously provided for the year.

Metric For Guide Previous guide Change
EBITDA, non-GAAP Q3 FY2026 $325.0 million–$335.0 million — New
Revenue Q3 FY2026 $2.4 billion–$2.4 billion — New
Free cash flow growth, Adjusted Free Cash Flow Conversion Based On Adjusted Net Income FY2026 115.0% — New
EBITDA, non-GAAP FY2026 $1.2 billion–$1.2 billion — New
Revenue FY2026 $8.9 billion–$9.0 billion — New

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.