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APi Group APG Net debt / EBITDA

Net debt / EBITDA at other companies

EMCOR Group logo
EMCOR GroupEME
-0.2×+0.4×
Johnson Controls International logo
Johnson Controls InternationalJCI
0.1×-2.6×
Comfort Systems USA logo
Comfort Systems USAFIX
-0.3×-1.2×
Carrier Global logo
Carrier GlobalCARR
3.7×+1.3×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
0.3×-0.5×
nVent Electric plc logo
nVent Electric plcNVT
1.7×+0.9×

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$18.11B+76.1%
Enterprise value$20.23B+60.4%
P/E55.9×+13.1×
P/S2.2×+0.8×

Profitability

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Gross margin31.4%+0.2pp
Operating margin7%+0.5pp
Net margin4%+0.6pp

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

Calculated from APi Group’s reported figures.

Based on the most recent quarter.

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 net debt / EBITDA?
APi Group (APG) reported net debt / EBITDA of 3.2× in Q1 2026.
How has APi Group's net debt / EBITDA changed year-over-year?
APi Group's net debt / EBITDA decreased by 23.2% year-over-year, from 4.2× to 3.2×.
What is the long-term trend for APi Group's net debt / EBITDA?
Over 4 years (2021 to 2025), APi Group's net debt / EBITDA has grown at a 3.4% compound annual growth rate (CAGR), from 13.5× to 15.4×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.