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APi Group APG Total Revenue

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Segments

By product

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Corporate and Elimination$1.98B+15.3%
Life Safety$1.42B+11.7%
Specialty Contracting$269M+35.9%
Infrastructure and Utility$218M—
Fabrication and Distribution$82M+17.1%

By segment

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Safety Services$1.42B+11.7%
Specialty Services$569M+25.6%

By geography

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United States$1.29B+19.6%
Other$511M+6.7%

Other financials

Income statement

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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$16.68B+20.7%
Enterprise value$18.8B+17.4%
P/E51.5×+0.7×
P/S2×+0.2×

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

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: APi Group’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 11:07 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028658
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Net revenues$1,982$1,719
Cost of revenues1,3621,177
Gross profit620542
Selling, general, and administrative expenses517458
Operating income10384
Interest expense, net3038
Investment expense and other, net2—
Other expense, net3238

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is APi Group's total revenue?
APi Group (APG) reported total revenue of $1.98B in Q1 2026.
How has APi Group's total revenue changed year-over-year?
APi Group's total revenue increased by 15.3% year-over-year, from $1.72B to $1.98B.
What is the long-term trend for APi Group's total revenue?
Over 4 years (2021 to 2025), APi Group's total revenue has grown at a 19.0% compound annual growth rate (CAGR), from $3.94B to $7.91B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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