Saturday 17 October 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. In the quarter to June 2026, revenue grew 13.3%, EPS grew 23.5%, free cash flow fell 12.9% and total debt rose 27.8%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

40.15 0.18 −0.45%

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Market cap: $17.6B
P/E: 0.0×
Fwd P/E: 36.8×
Dividend yield: —
F-score: 6/9
Altman Z: 3.04
Beneish M: −2.66
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.28

Total sells 361.02

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	2	3	—	2	2	—	2	—	—

Insider Ownership 10.89%

Capital & Financial Ratios $m

Market Cap 17,590.00

Revenue 8,438.00

Net Income 346.00

Free Cash Flow 698.00

Net Debt 2,672.00

Current Ratio 1.39

Debt/Equity 1.00

P/E ratio 0.00

Fwd P/E 36.80

P/S ratio 2.06

P/B ratio 4.94

Past 5Y EPS Growth —

This Y EPS Growth 16.83%

Next Y EPS Growth 15.47%

Next Y revenue growth 13.65%

Next 5Y EPS Growth 15.27%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 79.83%

10-year low 10-year high

P/B against its own 10 years 89.67%

10-year low 10-year high

EV/Sales against its own 10 years 78.81%

10-year low 10-year high

EV/FCF against its own 10 years 71.37%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	479	499	912	851
Receivables	1,395	1,444	1,563	1,706
Inventory	150	143	145	172
Other	436	453	484	630
	2,582	2,658	3,229	3,530

	2023	2024	2025	Q'26
Payables	472	497	526	554
ST’ Debt	5	4	5	306
Other	548	610	754	866
	1,807	1,885	2,150	2,541

Compound Annual Growth %

	10y	5y	3y
Sales	—	17.14%	6.45%
Cash Flow	—	8.88%	41.13%
Earnings	—	0.00%	0.00%
Book Value	—	16.95%	17.02%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,982	2,254	—	—	—
’25	1,719	1,990	2,085	2,117	7,911
’24	1,601	1,730	1,826	1,861	7,018
’23	1,614	1,771	1,784	1,759	6,928
’22	1,471	1,649	1,735	1,703	6,558
’21	803	978	1,047	1,112	3,940
’20	858	889	958	882	3,587

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	85	83	—	—	—
’25	62	83	232	382	759
’24	7	110	220	283	620
’23	(1)	74	144	297	514
’22	(118)	54	146	188	270
’21	32	(13)	49	114	182
’20	55	177	97	167	496

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	69	54	—	—	—
’25	54	62	204	371	691
’24	8	92	204	265	569
’23	(18)	54	130	316	482
’22	(127)	35	124	176	208
’21	16	(20)	42	109	147
’20	45	176	97	157	475

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.12	0.20	—	—	—
’25	0.07	0.16	0.20	(1.19)	(0.69)
’24	(0.89)	0.15	0.15	(0.07)	(0.56)
’23	0.03	0.08	0.10	(0.72)	(0.45)
’22	(0.05)	0.04	0.04	0.03	0.07
’21	(0.03)	0.06	0.05	(0.50)	(0.45)
’20	(0.76)	0.11	0.09	(0.96)	(1.47)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	6.41	6.07	5.67	2.87	11.09	8.73	12.22	20.17	20.50	Analyst estimates 2026–2028 Powerpack
	High	—	7.07	6.67	7.03	12.24	17.35	17.89	23.28	27.26	40.58
People
People	Employees	—	—	—	—	13,000	13,300	26,000	29,000	29,000	29,000
	Revenue/emp, $m	—	—	0.00	0.00	0.28	0.30	0.25	0.24	0.24	0.27
Income, $m
Income, $m	Revenue	—	—	3,728	985	3,587	3,940	6,558	6,928	7,018	7,911
	Gross margin, %	—	—	21.11	20.10	21.08	23.83	26.14	28.00	31.03	31.44
	EBT	—	—	146	(151)	(184)	79	93	232	330	413
	EBT margin, %	—	—	3.92	(15.33)	(5.13)	2.01	1.42	3.35	4.70	5.22
	Net income	—	0	136	(153)	(153)	47	73	153	250	302
	Depreciation	—	—	109	69	263	202	304	303	302	327
Per share, $
Per share, $	Revenue	—	—	31.86	4.94	14.15	12.75	18.76	19.63	17.46	19.02
	Earnings	—	—	(1.28)	(0.77)	(1.47)	(0.45)	0.07	(0.45)	(0.56)	(0.69)
	Cash flow	—	—	0.96	0.75	1.96	0.59	0.77	1.46	1.54	1.82
	Capex	—	—	(0.59)	(0.03)	(0.08)	(0.11)	(0.18)	(0.09)	(0.13)	(0.16)
	Free cash flow	—	—	0.37	0.72	1.87	0.48	0.60	1.37	1.42	1.66
	Book value	—	—	0.00	8.81	6.15	7.52	6.09	5.87	7.35	8.19
	Shares, m	—	—	117	200	254	309	350	353	402	416
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	233.15	0.00	0.00	0.00
	P/S	—	—	0.00	0.00	0.86	1.35	0.66	1.12	1.37	2.01
	P/B	—	—	0.00	0.00	1.97	2.29	2.05	3.74	3.26	4.67
	EV/Sales	—	—	0.00	0.95	1.11	1.42	1.00	1.38	1.69	2.25
	EV/FCF	—	—	0.00	6.49	8.35	38.00	31.42	19.89	20.90	25.71
Cash, $m
Cash, $m	Operating cash flow	—	—	112	150	496	182	270	514	620	759
	Capex	—	—	(69)	(6)	(21)	(35)	(62)	(32)	(51)	(68)
	Free cash flow	—	—	43	144	475	147	208	482	569	691
Balance, $m
Balance, $m	Working capital	—	—	1,242	519	596	1,759	731	775	773	1,079
	Total debt	—	—	—	1,190	1,415	1,767	2,789	2,327	2,753	2,759
	Net debt	—	—	(1,242)	934	900	277	2,184	1,848	2,254	1,847
	Shareholders’ equity	—	—	—	1,757	1,558	2,323	2,127	2,071	2,953	3,408
Returns, %
Returns, %	ROA	—	—	0.00	(7.63)	(9.29)	(2.97)	0.44	(2.05)	(2.85)	(3.37)
	ROIC	—	—	0.00	(3.74)	(4.22)	3.27	2.35	5.73	5.81	6.59
	ROE	—	—	9.20	(10.34)	(22.62)	(7.06)	1.30	(7.67)	(8.92)	(9.06)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FER Ferrovial N.V.	$35.2B	—	—	—	—	—	—	—	Compare
EME EMCOR Group, Inc.	$32.3B	22.3×	28.0×	+19.76% (above 0%: growing)	+34.87% (above 0%: growing)	+55.56% (above 0%: growing)	19.83%	10.62%	Compare
APG APi Group Corporation	$17.6B	— (loss-making)	36.8×	+13.27% (above 0%: growing)	+23.53% (above 0%: growing)	−12.90% (below 0%: shrinking)	31.19%	7.76%
J Jacobs Solutions Inc.	$16.6B	49.7×	28.3×	+34.46% (above 0%: growing)	−25.16% (below 0%: shrinking)	+59.31% (above 0%: growing)	19.89%	7.03%	Compare
MTZ MasTec, Inc.	$15.4B	30.1×	53.1×	+23.38% (above 0%: growing)	+51.82% (above 0%: growing)	−31.15% (below 0%: shrinking)	12.72%	5.17%	Compare
STRL Sterling Infrastructure, Inc.	$13.7B	30.1×	52.6×	+90.11% (above 0%: growing)	+118.03% (above 0%: growing)	+55.30% (above 0%: growing)	24.82%	18.77%	Compare
IESC IES Holdings, Inc.	$10.6B	22.1×	36.6×	+39.60% (above 0%: growing)	+98.70% (above 0%: growing)	−14.63% (below 0%: shrinking)	27.41%	14.37%	Compare
TTEK Tetra Tech, Inc.	$8.9B	20.8×	17.9×	−4.47% (below 0%: shrinking)	−2.33% (below 0%: shrinking)	−34.95% (below 0%: shrinking)	18.59%	12.07%	Compare
DY Dycom Industries, Inc.	$7.8B	22.8×	41.3×	+45.57% (above 0%: growing)	+13.95% (above 0%: growing)	+106.51% (above 0%: growing)	21.96%	9.57%	Compare
Median of peers	$14.5B	22.8×	36.6×	+34.46%	+34.87%	+55.30%	19.89%	10.62%

All 51 Engineering & Construction stocks →

APi Group Corporation (APG) key facts

Strength: APi Group Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.9 billion, up 12.7% from fiscal 2024.
APi Group Corporation (APG) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, APG traded at $40.15, a market capitalization of $17.6 billion.
Return on equity was −9.06% and debt-to-equity 1.00.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.04 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.