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APi Group APG Corporate and Elimination — Net revenues

Other product segments

Life Safety
$1.42B+11.7%
Specialty Contracting
$269M+35.9%
Infrastructure and Utility
$218M
Fabrication and Distribution
$82M+17.1%

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FAFCorporate And Eliminations — Revenue
-$11.1M-235%

Other financials

Income statement

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Revenue$2.0B+15.3%
Gross profit$620.0M+14.4%
Operating income$103.0M+22.6%
Net income$57.0M+62.9%
EPS (diluted)$0.12+71.4%

Balance sheet

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Cash & equivalents$645.0M+39.9%
Total debt$2.8B+0.2%
Total equity$3.5B+16.9%
Total assets$9.0B+10.7%

Cash flow

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Operating cash flow$85.0M+37.1%
CapEx$18.0M+50.0%
Free cash flow$67.0M+34.0%

Valuation

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Market cap$17.14B+19.0%
Enterprise value$19.25B+15.1%
P/E52.9×-5.2×
P/S2.1×+0.1×

Profitability

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Gross margin31.4%+0.2pp
Operating margin7%+0.5pp
Net margin4%+0.6pp
FCF margin8.3%-0.1pp

Returns & leverage

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Return on equity10%+0.9pp
Debt / equity0.8×-0.1×
Current ratio1.4×0.0×

Where this comes from

Reported directly by APi Group in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: APi Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is APi Group's corporate and elimination — net revenues?
APi Group (APG) reported corporate and elimination — net revenues of $1.98B in Q1 2026.
How has APi Group's corporate and elimination — net revenues changed year-over-year?
APi Group's corporate and elimination — net revenues increased by 15.3% year-over-year, from $1.72B to $1.98B.
What is the long-term trend for APi Group's corporate and elimination — net revenues?
Over 4 years (2021 to 2025), APi Group's corporate and elimination — net revenues has grown at a 19.0% compound annual growth rate (CAGR), from $3.94B to $7.91B.
What does corporate and elimination — net revenues mean?
This metric represents the net revenue adjustments required to reconcile individual operating segment results with the consolidated financial statements. It primarily captures intercompany eliminations, where revenue recognized between internal business units is removed to avoid double-counting, alongside any residual corporate-level revenue items not allocated to specific business segments. This figure is essential for understanding the bridge between the performance of individual service lines and the total enterprise-wide revenue.