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APi Group APG Safety Services — Operating Income (Loss)

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$39M+34.5%

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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+19.1%
Enterprise value$19.26B+15.2%
P/E52.9×-5.1×
P/S2.1×+0.2×

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:OperatingIncomeLoss.

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 safety services — operating income (loss)?
APi Group (APG) reported safety services — operating income (loss) of $230M in Q1 2026.
How has APi Group's safety services — operating income (loss) changed year-over-year?
APi Group's safety services — operating income (loss) increased by 15.6% year-over-year, from $199M to $230M.
What is the long-term trend for APi Group's safety services — operating income (loss)?
Over 4 years (2021 to 2025), APi Group's safety services — operating income (loss) has grown at a 45.0% compound annual growth rate (CAGR), from $207M to $916M.
What does safety services — operating income (loss) mean?
Measures the profitability of the safety services segment after accounting for both direct costs and operating expenses. It is a primary indicator of the segment's core operational health and management's ability to generate profit from its services.