APi Group APG Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net revenues by Business | ||||||
| Safety Services | $1.42B+11.7% | $1.42B+10.6% | $1.4B+15.4% | $1.36B+15.8% | $1.27B+13.4% | |
| Specialty Services | $569M+25.6% | $695M+20.7% | $683M+11.6% | $629M+13.3% | $453M-6.8% | |
| Operating Income (Loss) by Business | ||||||
| Safety Services | $230M+15.6% | $249M+18.0% | $236M+18.6% | $232M+22.1% | $199M+20.6% | |
| Specialty Services | $39M+34.5% | $83M+40.7% | $81M+3.8% | $71M-2.7% | $29M-32.6% | |
| Segment other income/expense by Business | ||||||
| Safety Services | $0— | —— | $5M+25.0% | $1M0.0% | $0+100% | |
| Specialty Services | $3M-25.0% | $3M0.0% | $2M0.0% | $5M+66.7% | $4M+100% | |
| Cost of revenues by Business | ||||||
| Safety Services | $888M+11.3% | $887M+8.6% | $879M+13.9% | $856M+14.6% | $798M+11.9% | |
| Specialty Services | $476M+26.3% | $551M+17.7% | $550M+12.2% | $516M+18.6% | $377M-5.0% | |
| Foreign currency translation and other, net by Business | ||||||
| Safety Services | -$14M-134% | $9M+109% | $0-100% | $110M+1,933% | $41M+246% | |
| Specialty Services | $2M— | $0— | $0— | $0— | $0— | |
| Segment operating expenses by Business | ||||||
| Safety Services | $306M+10.1% | $296M+9.6% | $302M+17.1% | $285M+15.4% | $278M+13.9% | |
| Specialty Services | $67M+8.1% | $74M+17.5% | $65M+12.1% | $58M-4.9% | $62M+3.3% | |
| Acquisitions by Business | ||||||
| Safety Services | $171M+3,320% | $4M-93.8% | $37M-38.3% | $73M-80.0% | $5M-76.2% | |
| Specialty Services | $0— | $4M+300% | $0— | $3M— | $0-100% | |
| Depreciation by Business | ||||||
| Safety Services | $9M+12.5% | $9M+12.5% | $9M0.0% | $10M+42.9% | $8M+14.3% | |
| Specialty Services | $10M-9.1% | $10M-9.1% | $11M-8.3% | $11M0.0% | $11M-8.3% | |
| Goodwill by Business | ||||||
| Safety Services | $3.08B+13.9% | $2.93B+10.0% | $2.91B+5.9% | $2.89B+9.2% | $2.71B+18.4% | |
| Specialty Services | $242M+3.9% | $240M+3.0% | $236M+31.8% | $236M+31.8% | $233M+26.6% | |
| Net revenues by Product | ||||||
| Corporate and Elimination | $1.98B+15.3% | $2.12B+13.8% | $2.09B+14.2% | $1.99B+15.0% | $1.72B+7.4% | |
| Fabrication and Distribution | $82M+17.1% | $70M-16.7% | $103M+25.6% | $99M+57.1% | $70M+14.8% | |
| Infrastructure and Utility | $218M+17.8% | —— | —— | —— | $185M-25.9% | |
| Life Safety | $1.42B+11.7% | $1.42B+10.6% | $1.4B+15.4% | $1.36B+15.8% | $1.27B+13.4% | |
| Specialty Contracting | $269M+35.9% | $333M+46.1% | $289M+17.0% | $274M+11.4% | $198M-10.0% | |
| Net revenues by Geography | ||||||
| France | $180M+11.8% | $188M+13.9% | $170M+11.1% | $172M+9.6% | $161M-0.6% | |
| Other | $511M+6.7% | $527M-0.6% | $518M+5.1% | $516M+3.6% | $479M+0.4% | |
| United States | $1.29B+19.6% | $1.4B+20.2% | $1.4B+18.4% | $1.3B+21.1% | $1.08B+12.2% |
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.
