Income Statement Balance Sheet Cash Flow Segments

APi Group Business Segments

Business, geographic, and product segment breakdowns

APi Group generates $8.2B in annual revenue across 2 key segments: Safety Services ($8.0M), and Specialty Services ($13.0M). The company-wide operating margin is 7.01%. Based on the Q1 2026 filing.

Safety Services (TTM)$8.0M Specialty Services (TTM)$13.0M

Latest FilingQ1 2026

Report Date2026-04-30

Market Cap$18.5B

P/E Ratio57.04

ROE10.02%

Business Segments

Acquisitions

Segment	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Safety Services	$64M	$5M	$73M	$37M	$4M	$171M
Specialty Services	$1M	$0	$3M	$0	$4M	$0

Depreciation

Segment	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Specialty Services	$11M	$11M	$11M	$11M	$10M	$10M
Safety Services	$8M	$8M	$10M	$9M	$9M	$9M

Foreign currency translation and other, net

Segment	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Safety Services	-$102M	$41M	$110M	$0	$9M	-$14M
Specialty Services	$0	$0	$0	$0	$0	$2M

Segment operating expenses

Segment	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Safety Services	$270M	$278M	$285M	$302M	$296M	$306M
Specialty Services	$63M	$62M	$58M	$65M	$74M	$67M

Segment other income/expense

Segment	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Specialty Services	$3M	$4M	$5M	$2M	$3M	$3M
Safety Services	$2M	$0	$1M	$5M	—	$0