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APi Group APG Net margin

Net margin at other companies

EMCOR Group logo
EMCOR GroupEME
7.5%+0.5pp
Johnson Controls International logo
Johnson Controls InternationalJCI
14.5%+3.7pp
Comfort Systems USA logo
Comfort Systems USAFIX
10.1%+2.9pp
Carrier Global logo
Carrier GlobalCARR
6%-19.8pp
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
14.4%+6.4pp
nVent Electric plc logo
nVent Electric plcNVT
11.4%-7.7pp

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

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 trailing twelve months.

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 margin?
APi Group (APG) reported net margin of 4% in Q1 2026.
How has APi Group's net margin changed year-over-year?
APi Group's net margin increased by 17.9% year-over-year, from 3.4% to 4%.
What is the long-term trend for APi Group's net margin?
Over 4 years (2021 to 2025), APi Group's net margin has grown at a 48.5% compound annual growth rate (CAGR), from 2.9% to 14.1%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.