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NYSE · Industrials

APi Group Corp (APG)

As-reported financials and SEC filings for APi Group Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About APi Group Corp

APi Group Corp provides fire and life safety, security, elevator and escalator, and specialty services globally. The company offers design, installation, inspection, service, and monitoring of these systems primarily to customers in industries such as high tech, advanced manufacturing, healthcare, and critical infrastructure. It operates through two main segments: Safety Services and Specialty Services, serving a diverse customer base across more than 500 locations worldwide.

Snapshot

Revenue
$7.91B
Revenue growth (YoY)
12.7%
Net income
$302.0M
Diluted EPS
$-0.69
Gross margin
31.4%
Operating margin
7.0%
Net margin
3.8%
FCF margin
8.4%
ROE
8.9%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$16.96B
Long-term debt / equity
0.81×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at APi Group

  • Revenue grew 12.7% to $7.9B in FY2025, faster than the 1.3% the year before.
  • Operating margin is 7.0% in FY2025, +3.6 pp against 3.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $2.3B, up 13.3% from Q2 FY2025.
  • Free cash flow was $663M in FY2025, 8.4% of revenue.
  • Net income rose 20.8% to $302M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where APi Group’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin31.4%
58th percentile of 466
Operating margin7.0%
56th percentile of 605
Net margin3.8%
51st percentile of 645
FCF margin8.4%
65th percentile of 562
Revenue growth (YoY)+12.7%
72nd percentile of 668
ROE8.9%
55th percentile of 600
Long-term debt / equity0.81×
70th percentile of 409
Short interest4.47d
68th percentile of 676

No reported insider purchases (code P) in the last 90 days; 9 insider sales totaling $110.8M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 3 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+3 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
7
2 trimmed, 5 exited
Combined position
$208.6M
reported long value
InvestorAs ofPosition valueSharesChange
Third PointQ2 2026$121.3M2.9MAdded
AQR Capital ManagementquantQ2 2026$24.0M587.6KAdded
Gotham Asset ManagementQ2 2026$22.9M540.8KReduced
Point72 Asset ManagementquantQ2 2026$20.3M478.3KReduced
Millennium ManagementquantQ2 2026$20.1M473.6KAdded

No longer held by: Bridgewater Associates (as of Q2 2026), Citadel Advisors (as of Q2 2026), Renaissance Technologies (as of Q2 2026), Two Sigma Investments (as of Q2 2026), Viking Global Investors (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
9
$110.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-04
filed 2026-08-05
ASHKEN IAN G HDirectorSell80.1K$40.33$3.2M
2026-08-04
filed 2026-08-05
ASHKEN IAN G HDirectorSell5.0K$40.76$204K
2026-08-03
filed 2026-08-05
LILLIE JAMES EDirectorSell282.8K$39.84$11.3M
2026-08-03
filed 2026-08-05
ASHKEN IAN G HDirectorSell214.9K$39.91$8.6M
2026-08-03
filed 2026-08-05
LILLIE JAMES EDirectorSell74.4K$39.84$3.0M
2026-08-03
filed 2026-08-05
LILLIE JAMES EDirectorSell2.2K$40.11$88K
2026-08-03
filed 2026-08-05
LILLIE JAMES EDirectorSell580$40.11$23K
2026-06-17
filed 2026-06-23
MALKIN ANTHONY EDirectorSell7.0K$42.47$297K
2026-06-11
filed 2026-06-12
FRANKLIN MARTIN EDirectorSell2.0M$42.08$84.2M
2026-05-05
filed 2026-05-06
ASHKEN IAN G HDirectorSell50.6K$45.38$2.3M
2026-05-05
filed 2026-05-06
LILLIE JAMES EDirectorSell45.8K$45.39$2.1M
2026-05-05
filed 2026-05-06
ASHKEN IAN G HDirectorSell14.9K$45.86$683K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
10.6M
settled 2026-08-14
Change vs prior
-2.6%
vs previous settlement
Days to cover
4.47
at avg daily volume
Avg daily volume
2.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1410.6M-2.6%4.47
2026-07-3110.9M-2.1%3.47
2026-07-1511.2M+6.0%4.23
2026-06-3010.5M+13.2%3.01
2026-06-159.3M+27.0%3.01
2026-05-297.3M-9.5%3.31
2026-05-158.1M+7.1%2.82
2026-04-307.6M+13.9%2.13

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$7.91B$7.02B$6.93B$6.56B$3.94B
Gross profit$2.49B$2.18B$1.94B$1.71B$939.0M
Operating income$554.0M$484.0M$359.0M$162.0M$136.0M
Net income$302.0M$250.0M$153.0M$73.0M$47.0M
Diluted EPS$-0.69$-0.56$-0.46$0.10$-0.67

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$759.0M$620.0M$514.0M$270.0M$182.0M
Capital expenditure$96.0M$84.0M$86.0M$79.0M$55.0M
Free cash flow$663.0M$536.0M$428.0M$191.0M$127.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$2.25B13.3%$99.0M$0.20
Q1 FY2026$1.98B15.3%$57.0M$0.12
Q4 FY2025$2.12B13.8%$97.0M$0.25
Q3 FY2025$2.08B14.2%$93.0M$0.20
Q2 FY2025$1.99B15.0%$77.0M$0.16
Q1 FY2025$1.72B7.4%$35.0M$0.07
Q4 FY2024$1.86B5.8%$67.0M$0.16
Q3 FY2024$1.83B2.4%$69.0M$0.15

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryServices-To Dwellings & Other Buildings
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK1796209

Selected SEC filings

10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-07-02
View on EDGAR →
8-K2026-06-09
View on EDGAR →
8-K2026-05-19
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.