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APi Group APG Q4 2025 Annual earnings

Reported February 25, 2026 · Before market open

Revenue estimate$2.1B
EPS estimate$0.41

Next report

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

Financials

Q4 2025

Income statement

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Revenue$2.1B+13.8%
Gross profit$678.0M+17.9%
Operating income$164.0M+41.4%
Net income$97.0M+44.8%
EPS (diluted)-$1.12-1,500%

Balance sheet

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Cash & equivalents$913.0M+82.2%
Total debt$3.1B+1.2%
Total equity$3.4B+15.4%
Total assets$8.9B+9.6%

Cash flow

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Operating cash flow$382.0M+35.0%
CapEx$26.0M+44.4%
Free cash flow$356.0M+34.3%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$15.91B+61.0%
Enterprise value$18.07B+45.5%
P/E52.7×+13.2×
P/S+0.6×

Profitability

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Gross margin31.4%+0.4pp
Operating margin7%+0.1pp
Net margin3.8%+0.3pp
FCF margin8.4%+0.7pp

Returns & leverage

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Return on equity9.5%-0.5pp
Debt / equity0.9×-0.1×
Current ratio1.5×+0.1×

Segments

By product

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Corporate and Elimination$2.1B+13.8%
Life Safety$1.4B+10.6%
Specialty Contracting$333.0M+46.1%
Fabrication and Distribution$70.0M

By segment

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Safety Services$1.4B+10.6%
Specialty Services$695.0M+20.7%

By geography

See full
United States$1.4B+20.2%
Other$527.0M-0.6%

Versus estimates

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Questions, answered.

When did APi Group report Q4 2025 earnings?
APi Group (APG) reported Q4 2025 earnings on February 25, 2026 before market open.
What were APi Group's Q4 2025 revenue and EPS?
APi Group reported revenue of $2.1B and diluted EPS of $0.44 for Q4 2025.
Did APi Group beat estimates in Q4 2025?
Revenue beat the consensus estimate of $2.1B by $25.3M. EPS beat the consensus estimate of $0.41 by $0.03.
How did APi Group's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 13.8% from $1.9B a year earlier and diluted EPS declined 13.7% from $0.51.
Where can I find APi Group's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-011397) and the 10-K periodic report (0001628280-26-011620) directly on SEC EDGAR. The filing index links above go to sec.gov.