What is APi Group's operating income?

APi Group (APG) reported operating income of $103M in Q1 2026.

How has APi Group's operating income changed year-over-year?

APi Group's operating income increased by 22.6% year-over-year, from $84M to $103M.

What is the long-term trend for APi Group's operating income?

Over 4 years (2021 to 2025), APi Group's operating income has grown at a 42.1% compound annual growth rate (CAGR), from $136M to $554M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

APi Group APG Operating Income

Operating Income at other companies

EMCOR GroupEME

$403.85M+26.7%

Comfort Systems USAFIX

$557.97M+86.1%

Carrier GlobalCARR

$259M-58.8%

ESO

Energy Services of AmericaESOA

$1.06M+113%

MSA

Mine Safety Appliances CompanyMSA

$93.01M+19.6%

Applied Industrial TechnologiesAIT

$137.93M+6.6%

Segments

By segment

See full

Safety Services$230M+15.6%

Specialty Services$39M+34.5%

Other financials

Income statement

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Revenue$2.0B+15.3%

Gross profit$620.0M+14.4%

Net income$57.0M+62.9%

EPS (diluted)$0.12+71.4%

Balance sheet

See full

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

See full

Operating cash flow$85.0M+37.1%

CapEx$18.0M+50.0%

Free cash flow$67.0M+34.0%

Valuation

See full

Market cap$17.14B+19.1%

Enterprise value$19.26B+15.2%

P/E52.9×-5.1×

P/S2.1×+0.2×

Profitability

See full

Gross margin31.4%+0.2pp

Operating margin7%+0.5pp

Net margin4%+0.6pp

FCF margin8.3%-0.1pp

Returns & leverage

See full

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 operating income?: APi Group (APG) reported operating income of $103M in Q1 2026.
How has APi Group's operating income changed year-over-year?: APi Group's operating income increased by 22.6% year-over-year, from $84M to $103M.
What is the long-term trend for APi Group's operating income?: Over 4 years (2021 to 2025), APi Group's operating income has grown at a 42.1% compound annual growth rate (CAGR), from $136M to $554M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.