What is APi Group's total cost of revenue?

APi Group (APG) reported total cost of revenue of $1.36B in Q1 2026.

How has APi Group's total cost of revenue changed year-over-year?

APi Group's total cost of revenue increased by 15.7% year-over-year, from $1.18B to $1.36B.

What is the long-term trend for APi Group's total cost of revenue?

Over 4 years (2021 to 2025), APi Group's total cost of revenue has grown at a 15.9% compound annual growth rate (CAGR), from $3B to $5.42B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

APi Group APG Total Cost of Revenue

Total Cost of Revenue at other companies

EMCOR GroupEME

$3.76B+19.7%

Johnson Controls InternationalJCI

$3.88B+7.6%

Comfort Systems USAFIX

$2.42B+45.6%

ESO

Energy Services of AmericaESOA

$82.94M+8.3%

MSA

Mine Safety Appliances CompanyMSA

$244.05M+7.1%

Carrier GlobalCARR

——

Segments

By segment

See full

Safety Services$888M+11.3%

Specialty Services$476M+26.3%

Other financials

Income statement

See full

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

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$19.25B+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:CostOfRevenue.

The official record: APi Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

Ask your AI about APi Group's total cost of revenue.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is APi Group's total cost of revenue?: APi Group (APG) reported total cost of revenue of $1.36B in Q1 2026.
How has APi Group's total cost of revenue changed year-over-year?: APi Group's total cost of revenue increased by 15.7% year-over-year, from $1.18B to $1.36B.
What is the long-term trend for APi Group's total cost of revenue?: Over 4 years (2021 to 2025), APi Group's total cost of revenue has grown at a 15.9% compound annual growth rate (CAGR), from $3B to $5.42B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.