APi Group Corporation (APG) vs EMCOR Group, Inc. (EME)

APi Group Corporation and EMCOR Group, Inc. are both Engineering & Construction companies. EMCOR Group, Inc. is the larger, with a market value of $35.0B against $16.5B — 2.1× the size. APi Group Corporation has negative trailing earnings, so its P/E is not meaningful; EMCOR Group, Inc. trades at 23.6×. EMCOR Group, Inc. grew revenue faster over the last twelve months: 18.9% against 14.1%. EMCOR Group, Inc. has the higher net margin (7.74% vs −2.94%) and the higher return on invested capital (38.2% vs 6.11%). Across the 21 metrics below, EMCOR Group, Inc. leads on 14 and APi Group Corporation on 7.

Valuation

Metric APG EME Engineering & Construction median
P/E n/m 23.63 28.59
P/S 1.97 1.82 1.15
P/B 4.74 8.30 3.96
Price to free cash flow 23.86 28.80 25.24
EV/EBITDA 20.47 15.54 14.87
EV/Sales 2.29 1.78 1.42
Earnings yield (1.72%) 4.23% 2.47%
Free cash flow yield 4.19% 3.47% 1.91%

Profitability

Metric APG EME Engineering & Construction median
Gross margin 31.44% 19.43% 18.76%
Operating margin 7.17% 10.38% 6.26%
Net margin (2.94%) 7.74% 2.23%
Free cash flow margin 8.27% 6.32% 1.83%
Return on equity (7.42%) 40.35% 7.90%
Return on assets (2.68%) 15.51% 0.87%
Return on invested capital 6.11% 38.24% 2.52%

Growth

Metric APG EME Engineering & Construction median
Revenue growth (TTM) 14.09% 18.92% 16.67%
EPS growth (last fiscal year) (23.21%) 30.99% —
Revenue growth, 5-year CAGR 17.14% 14.07% 11.76%
Net income growth, 5-year CAGR 0.00% 57.12% 0.00%

Health

Metric APG EME Engineering & Construction median
Debt to equity 1.00 0.00 0.40
Current ratio 1.39 1.28 1.39
Net debt to EBITDA 2.10 (0.59) 0.38

Dividend

Metric APG EME Engineering & Construction median
Dividend yield — 0.29% 0.65%
Payout ratio 0.00 0.06 0.00

Size

Metric APG EME Engineering & Construction median
Market cap 16.50b 34.98b 1.31b

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