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APi Group APG Specialty Services — Cost of revenues

Other segment segments

Safety Services
$888M+11.3%

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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$19.25B+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:CostOfRevenue.

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 specialty services — cost of revenues?
APi Group (APG) reported specialty services — cost of revenues of $476M in Q1 2026.
How has APi Group's specialty services — cost of revenues changed year-over-year?
APi Group's specialty services — cost of revenues increased by 26.3% year-over-year, from $377M to $476M.
What is the long-term trend for APi Group's specialty services — cost of revenues?
Over 3 years (2022 to 2025), APi Group's specialty services — cost of revenues has grown at a 5.4% compound annual growth rate (CAGR), from $1.7B to $1.99B.
What does specialty services — cost of revenues mean?
Includes all direct costs attributable to the production and delivery of services within the Specialty Services segment. This typically encompasses labor, materials, and direct overhead required to fulfill service contracts.