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APi Group APG United States — Net revenues

Other geography segments

Other
$511M+6.7%

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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+19.0%
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 united states — net revenues?
APi Group (APG) reported united states — net revenues of $1.29B in Q1 2026.
How has APi Group's united states — net revenues changed year-over-year?
APi Group's united states — net revenues increased by 19.6% year-over-year, from $1.08B to $1.29B.
What is the long-term trend for APi Group's united states — net revenues?
Over 4 years (2021 to 2025), APi Group's united states — net revenues has grown at a 9.9% compound annual growth rate (CAGR), from $3.55B to $5.18B.
What does united states — net revenues mean?
This metric represents the total gross sales generated from operations within the United States geographic segment, net of returns, allowances, and discounts. It captures the scale of the company's market presence and demand for its safety, fire protection, and specialty services within this specific region. As a primary revenue driver, it reflects the company's ability to capture market share and execute service contracts in the domestic market.