APi Group Corporation (APG) vs Quanta Services, Inc. (PWR)

APi Group Corporation and Quanta Services, Inc. are both Engineering & Construction companies. Quanta Services, Inc. is the larger, with a market value of $97.1B against $16.5B — 5.9× the size. APi Group Corporation has negative trailing earnings, so its P/E is not meaningful; Quanta Services, Inc. trades at 73.2×. Quanta Services, Inc. grew revenue faster over the last twelve months: 26.3% against 14.1%. Quanta Services, Inc. has the higher net margin (4.03% vs −2.94%) and the higher return on invested capital (8.29% vs 6.11%). Across the 21 metrics below, APi Group Corporation leads on 11 and Quanta Services, Inc. on 10.

Valuation

Metric APG PWR Engineering & Construction median
P/E n/m 73.18 28.59
P/S 1.97 2.96 1.15
P/B 4.74 10.01 3.96
Price to free cash flow 23.86 41.50 25.24
EV/EBITDA 20.47 33.62 14.87
EV/Sales 2.29 3.13 1.42
Earnings yield (1.72%) 1.37% 2.47%
Free cash flow yield 4.19% 2.41% 1.91%

Profitability

Metric APG PWR Engineering & Construction median
Gross margin 31.44% 15.46% 18.76%
Operating margin 7.17% 6.19% 6.26%
Net margin (2.94%) 4.03% 2.23%
Free cash flow margin 8.27% 7.15% 1.83%
Return on equity (7.42%) 15.07% 7.90%
Return on assets (2.68%) 5.51% 0.87%
Return on invested capital 6.11% 8.29% 2.52%

Growth

Metric APG PWR Engineering & Construction median
Revenue growth (TTM) 14.09% 26.30% 16.67%
EPS growth (last fiscal year) (23.21%) 12.77% —
Revenue growth, 5-year CAGR 17.14% 20.52% 11.76%
Net income growth, 5-year CAGR 0.00% 18.21% 0.00%

Health

Metric APG PWR Engineering & Construction median
Debt to equity 1.00 0.63 0.40
Current ratio 1.39 1.10 1.39
Net debt to EBITDA 2.10 2.20 0.38

Dividend

Metric APG PWR Engineering & Construction median
Dividend yield — 0.15% 0.65%
Payout ratio 0.00 0.08 0.00

Size

Metric APG PWR Engineering & Construction median
Market cap 16.50b 97.14b 1.31b

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