APi Group APG Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net revenues by Business | ||||||
| Safety Services | $1.42B-0.6% | $1.42B+1.5% | $1.4B+3.0% | $1.36B+7.5% | $1.27B-1.6% | |
| Specialty Services | $569M-18.1% | $695M+1.8% | $683M+8.6% | $629M+38.9% | $453M-21.4% | |
| Operating Income (Loss) by Business | ||||||
| Safety Services | $230M-7.6% | $249M+5.5% | $236M+1.7% | $232M+16.6% | $199M-5.7% | |
| Specialty Services | $39M-53.0% | $83M+2.5% | $81M+14.1% | $71M+145% | $29M-50.8% | |
| Segment other income/expense by Business | ||||||
| Safety Services | $0— | —— | $5M+400% | $1M— | $0-100% | |
| Specialty Services | $3M0.0% | $3M+50.0% | $2M-60.0% | $5M+25.0% | $4M+33.3% | |
| Cost of revenues by Business | ||||||
| Safety Services | $888M+0.1% | $887M+0.9% | $879M+2.7% | $856M+7.3% | $798M-2.3% | |
| Specialty Services | $476M-13.6% | $551M+0.2% | $550M+6.6% | $516M+36.9% | $377M-19.4% | |
| Foreign currency translation and other, net by Business | ||||||
| Safety Services | -$14M-256% | $9M— | $0-100% | $110M+168% | $41M+140% | |
| Specialty Services | $2M— | $0— | $0— | $0— | $0— | |
| Segment operating expenses by Business | ||||||
| Safety Services | $306M+3.4% | $296M-2.0% | $302M+6.0% | $285M+2.5% | $278M+3.0% | |
| Specialty Services | $67M-9.5% | $74M+13.8% | $65M+12.1% | $58M-6.5% | $62M-1.6% | |
| Acquisitions by Business | ||||||
| Safety Services | $171M+4,175% | $4M-89.2% | $37M-49.3% | $73M+1,360% | $5M-92.2% | |
| Specialty Services | $0-100% | $4M— | $0-100% | $3M— | $0-100% | |
| Depreciation by Business | ||||||
| Safety Services | $9M0.0% | $9M0.0% | $9M-10.0% | $10M+25.0% | $8M0.0% | |
| Specialty Services | $10M0.0% | $10M-9.1% | $11M0.0% | $11M0.0% | $11M0.0% | |
| Goodwill by Business | ||||||
| Safety Services | $3.08B+5.4% | $2.93B+0.4% | $2.91B+0.8% | $2.89B+6.8% | $2.71B+1.7% | |
| Specialty Services | $242M+0.8% | $240M+1.7% | $236M0.0% | $236M+1.3% | $233M0.0% | |
| Net revenues by Product | ||||||
| Corporate and Elimination | $1.98B-6.4% | $2.12B+1.5% | $2.09B+4.8% | $1.99B+15.8% | $1.72B-7.6% | |
| Fabrication and Distribution | $82M+17.1% | $70M-32.0% | $103M+4.0% | $99M+41.4% | $70M-16.7% | |
| Infrastructure and Utility | $218M— | —— | —— | —— | $185M-25.9% | |
| Life Safety | $1.42B-0.6% | $1.42B+1.5% | $1.4B+3.0% | $1.36B+7.5% | $1.27B-1.6% | |
| Specialty Contracting | $269M-19.2% | $333M+15.2% | $289M+5.5% | $274M+38.4% | $198M-13.2% | |
| Net revenues by Geography | ||||||
| France | $180M-4.3% | $188M+10.6% | $170M-1.2% | $172M+6.8% | $161M-2.4% | |
| Other | $511M-3.0% | $527M+1.7% | $518M+0.4% | $516M+7.7% | $479M-9.6% | |
| United States | $1.29B-7.9% | $1.4B+0.4% | $1.4B+7.3% | $1.3B+20.7% | $1.08B-7.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does APi Group break its business down?
- APi Group (APG) reports net revenues by business across 2 parts — Safety Services and Specialty Services. Each is extracted from the segment footnotes and tracked over time.
- Where does APi Group's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in APi Group's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
