What is APi Group's SG&A?

APi Group (APG) reported SG&A of $517M in Q1 2026.

How has APi Group's SG&A changed year-over-year?

APi Group's SG&A increased by 12.9% year-over-year, from $458M to $517M.

What is the long-term trend for APi Group's SG&A?

Over 4 years (2021 to 2025), APi Group's SG&A has grown at a 24.6% compound annual growth rate (CAGR), from $803M to $1.93B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

APi Group APG SG&A

SG&A at other companies

EMCOR GroupEME

$475.04M+13.5%

Johnson Controls InternationalJCI

$1.41B-0.7%

Comfort Systems USAFIX

$287.05M+36.4%

Carrier GlobalCARR

$810M-0.4%

ESO

Energy Services of AmericaESOA

$9.17M+12.3%

MSA

Mine Safety Appliances CompanyMSA

$107.68M+14.6%

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$17.04B+18.6%

Enterprise value$19.15B+14.8%

P/E52.6×-5.3×

P/S2.1×+0.1×

Profitability

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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:SellingGeneralAndAdministrativeExpense.

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 SG&A?: APi Group (APG) reported SG&A of $517M in Q1 2026.
How has APi Group's SG&A changed year-over-year?: APi Group's SG&A increased by 12.9% year-over-year, from $458M to $517M.
What is the long-term trend for APi Group's SG&A?: Over 4 years (2021 to 2025), APi Group's SG&A has grown at a 24.6% compound annual growth rate (CAGR), from $803M to $1.93B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.