APi Group Corporation (APG) vs Sterling Infrastructure, Inc. (STRL)

APi Group Corporation and Sterling Infrastructure, Inc. are both Engineering & Construction companies. APi Group Corporation and Sterling Infrastructure, Inc. are of similar size ($16.5B and $16.1B). APi Group Corporation has negative trailing earnings, so its P/E is not meaningful; Sterling Infrastructure, Inc. trades at 36.4×. Sterling Infrastructure, Inc. grew revenue faster over the last twelve months: 60.8% against 14.1%. Sterling Infrastructure, Inc. has the higher net margin (12.6% vs −2.94%) and the higher return on invested capital (31.1% vs 6.11%). Across the 21 metrics below, Sterling Infrastructure, Inc. leads on 12 and APi Group Corporation on 9.

Valuation

Metric APG STRL Engineering & Construction median
P/E n/m 36.38 28.59
P/S 1.97 4.57 1.15
P/B 4.74 11.31 3.96
Price to free cash flow 23.86 32.20 25.24
EV/EBITDA 20.47 22.41 14.87
EV/Sales 2.29 4.52 1.42
Earnings yield (1.72%) 2.75% 2.47%
Free cash flow yield 4.19% 3.11% 1.91%

Profitability

Metric APG STRL Engineering & Construction median
Gross margin 31.44% 23.81% 18.76%
Operating margin 7.17% 17.52% 6.26%
Net margin (2.94%) 12.55% 2.23%
Free cash flow margin 8.27% 14.20% 1.83%
Return on equity (7.42%) 37.49% 7.90%
Return on assets (2.68%) 16.11% 0.87%
Return on invested capital 6.11% 31.11% 2.52%

Growth

Metric APG STRL Engineering & Construction median
Revenue growth (TTM) 14.09% 60.83% 16.67%
EPS growth (last fiscal year) (23.21%) 13.42% —
Revenue growth, 5-year CAGR 17.14% 15.21% 11.76%
Net income growth, 5-year CAGR 0.00% 46.98% 0.00%

Health

Metric APG STRL Engineering & Construction median
Debt to equity 1.00 0.20 0.40
Current ratio 1.39 1.11 1.39
Net debt to EBITDA 2.10 (0.21) 0.38

Dividend

Metric APG STRL Engineering & Construction median
Dividend yield — — 0.65%
Payout ratio 0.00 0.00 0.00

Size

Metric APG STRL Engineering & Construction median
Market cap 16.50b 16.06b 1.31b

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