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
Follow APG
Alert me
APi Group Corporation (APG) Gross margin
APi Group Corporation's gross margin over the twelve months to 30 September 2026 was 31.1%, down 0.3 percentage points from fiscal 2025 (31.4%). Over the past ten years it has ranged from 20.1% (fiscal 2019) to 31.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Engineering & Construction industry median of 18.8% and in line with the Industrials sector median of 30.6%.
Gross margin, annual
Embed this chart
Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 31.4% | 0.41 |
| FY2024 | 31.0% | 3.03 |
| FY2023 | 28.0% | 1.86 |
| FY2022 | 26.1% | 2.31 |
| FY2021 | 23.8% | 2.75 |
| FY2020 | 21.1% | 0.98 |
| FY2019 | 20.1% | (1.01) |
| FY2018 | 21.1% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 30.2% | (1.04) |
| Jun 2026 | 31.2% | (0.09) |
| Mar 2026 | 31.3% | (0.75) |
| Dec 2025 | 32.0% | 0.76 |
| 27 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| APG APi Group Corporation | 31.1% |
| FIX Comfort Systems USA, Inc. compare | 25.6% |
| STRL Sterling Infrastructure, Inc. compare | 23.8% |
| J Jacobs Solutions Inc. compare | 22.1% |
| EME EMCOR Group, Inc. compare | 19.6% |
| TTEK Tetra Tech, Inc. compare | 18.8% |
| MTZ MasTec, Inc. compare | 12.7% |
| ACM AECOM compare | 5.68% |
| FER Ferrovial N.V. compare | — |
| Engineering & Construction industry median | 18.8% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on APG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement