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APi Group APG Q2 2025 earnings

Reported July 31, 2025 · Before market open

Revenue estimate$2.0B
EPS estimate$0.37

Next report

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

Financials

Q2 2025

Income statement

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Revenue$2.0B+15.0%
Gross profit$615.0M+13.1%
Operating income$143.0M+13.5%
Net income$77.0M+11.6%
EPS (diluted)$0.16+6.7%

Balance sheet

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Cash & equivalents$433.0M+32.8%
Total debt$2.8B-3.2%
Total equity$3.2B+11.9%
Total assets$8.5B+7.3%

Cash flow

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Operating cash flow$83.0M-24.5%
CapEx$27.0M+22.7%
Free cash flow$56.0M-36.4%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$14.04B+49.4%
Enterprise value$16.37B+37.3%
P/E56.6×+7.9×
P/S1.9×+0.5×

Profitability

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Gross margin31.1%+1.2pp
Operating margin6.6%+0.7pp
Net margin3.4%+0.5pp
FCF margin7.7%+0.8pp

Returns & leverage

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Return on equity8.3%+0.7pp
Debt / equity0.9×-0.1×
Current ratio1.4×0.0×

Segments

By product

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Corporate and Elimination$2.0B
Life Safety$1.4B+15.8%
Specialty Contracting$274.0M+11.4%
Fabrication and Distribution$99.0M

By segment

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Safety Services$1.4B+15.8%
Specialty Services$629.0M+13.3%

By geography

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United States$1.3B
Other$516.0M+3.6%

Versus estimates

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Questions, answered.

When did APi Group report Q2 2025 earnings?
APi Group (APG) reported Q2 2025 earnings on July 31, 2025 before market open.
What were APi Group's Q2 2025 revenue and EPS?
APi Group reported revenue of $2.0B and diluted EPS of $0.39 for Q2 2025.
Did APi Group beat estimates in Q2 2025?
Revenue beat the consensus estimate of $2.0B by $4.3M. EPS beat the consensus estimate of $0.37 by $0.02.
How did APi Group's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 15.0% from $1.7B a year earlier and diluted EPS declined 20.4% from $0.49.
Where can I find APi Group's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-036919) directly on SEC EDGAR. The filing index links above go to sec.gov.