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APi Group APG Q1 2025 earnings

Reported May 1, 2025 · Before market open

Revenue estimate$1.9B
EPS estimate$0.23

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$2.2B
EPS estimate$0.44

Financials

Q1 2025

Income statement

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Revenue$1.7B+7.4%
Gross profit$542.0M+10.2%
Operating income$84.0M-16.0%
Net income$35.0M-22.2%
EPS (diluted)$0.07+105%

Balance sheet

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Cash & equivalents$461.0M+85.9%
Total debt$2.8B+0.9%
Total equity$3.0B+29.6%
Total assets$8.1B+12.6%

Cash flow

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Operating cash flow$62.0M+786%
CapEx$12.0M-45.5%
Free cash flow$50.0M+433%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$9.93B+1.2%
Enterprise value$12.22B-0.6%
P/E41.4×-15.7×
P/S1.4×0.0×

Profitability

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Gross margin31.2%+2.2pp
Operating margin6.6%+1.0pp
Net margin3.4%+0.9pp
FCF margin8.4%+2.1pp

Returns & leverage

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Return on equity9.1%+1.4pp
Debt / equity0.9×-0.3×
Current ratio1.5×+0.1×

Segments

By product

See full
Corporate and Elimination$1.7B
Life Safety$1.3B+13.4%
Specialty Contracting$198.0M-10.0%
Fabrication and Distribution$70.0M

By segment

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Safety Services$1.3B+13.4%
Specialty Services$453.0M-6.8%

By geography

See full
United States$1.1B+12.2%
Other$479.0M+0.4%

Versus estimates

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Questions, answered.

When did APi Group report Q1 2025 earnings?
APi Group (APG) reported Q1 2025 earnings on May 1, 2025 before market open.
What were APi Group's Q1 2025 revenue and EPS?
APi Group reported revenue of $1.7B and diluted EPS of $0.25 for Q1 2025.
Did APi Group beat estimates in Q1 2025?
Revenue missed the consensus estimate of $1.9B by $136.5M. EPS beat the consensus estimate of $0.23 by $0.02.
How did APi Group's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.4% from $1.6B a year earlier and diluted EPS declined 26.5% from $0.34.
Where can I find APi Group's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-021384) directly on SEC EDGAR. The filing index links above go to sec.gov.