APi Group Corp APG

Technology SIC 7340 - Services-To Dwellings & Other Buildings NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services › Services to Buildings and Dwellings › Janitorial Services derived NYSE

We are a global, market-leading business services provider of fire and life safety, security, elevator and escalator, and specialty services with a substantial recurring revenue base and over 500 locations worldwide. We provide statutorily mandated and other contracted services to a strong base of long-standing customers across industries. We have a winning leadership culture driven by entrepreneurial business leaders that deliver innovative solutions to our customers.

We believe that our core strategies of driving sustainable organic growth, growing through accretive acquisitions, promoting the sharing of best practices across all of our businesses, and leveraging our scale and service offerings place us in a unique position to capitalize on opportunities in the industries we serve and advance our position in each of our markets. We believe that our revenue diversification across customers, end markets, geographies, and projects, combined with our inspection-first go-to-market strategy, decentralized operating model, enduring commitment to leadership development, long-standing customer relationships, and strong safety track record differentiates us from our competitors.

Last close 39.45 2026-10-23
Market cap $17.05B 2026-06-30 share count
52-week range 34.02 - 49.99

Valuation FY2025 figures against the last close

P/S2.2x
P/E—
P/FCF25.7x
EV/EBITDA29.6x
Dividend yield—
Diluted EPS-0.69

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $7.91B$7.02B$6.93B$6.56B$3.94B$3.59B$985.0M$3.73B—
Cost of revenue $5.42B$4.84B$4.99B$4.84B$3.00B$2.83B$787.0M$2.94B—
Gross profit $2.49B$2.18B$1.94B$1.71B$939.0M$756.0M$198.0M$787.0M—
SG&A $1.93B$1.69B$1.58B$1.55B$803.0M$725.0M$359.0M$625.0M—
Operating income $554.0M$484.0M$359.0M$162.0M$136.0M-$166.0M-$161.0M$162.0M—
Interest expense ——$145.0M$125.0M$60.0M$52.0M$15.0M$22.0M—
Pre-tax income $413.0M$330.0M$232.0M$93.0M$79.0M-$184.0M-$151.0M$146.0M—
Income tax $111.0M$80.0M$79.0M$20.0M$32.0M$31.0M$2.0M$10.0M—
Net income $302.0M$250.0M$153.0M$73.0M$47.0M-$153.0M-$153.0M$136.0M—
EPS, basic -0.69-0.56-0.460.10-0.67-2.21-1.15——
EPS, diluted -0.69-0.56-0.460.10-0.67-2.21-1.15——
Shares, diluted (wtd. avg.) 415.7M401.5M352.7M266.1M206.0M169.0M133.0M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $912.0M$499.0M$480.0M$607.0M$1.49B$515.0M$256.0M$54.0M$41.0M
Receivables $1.56B$1.44B$1.40B$1.31B$767.0M$639.0M$730.0M$765.0M—
Inventory $145.0M$143.0M$150.0M$163.0M$69.0M$64.0M$58.0M——
Total current assets $3.23B$2.66B$2.58B$2.65B$2.63B$1.44B$1.34B——
Property, plant and equipment ———$407.0M$326.0M$355.0M$402.0M——
Goodwill $3.17B$2.89B$2.47B$2.38B$1.11B$1.08B$980.0M$320.0M—
Other intangibles $1.58B$1.66B$1.62B$1.78B$882.0M$965.0M$1.12B——
Total assets $8.94B$8.15B$7.59B$8.09B$5.16B$4.07B$4.01B——
Accounts payable $526.0M$497.0M$472.0M$490.0M$236.0M$150.0M$156.0M——
Short-term debt $5.0M$4.0M$5.0M$206.0M$1.0M$18.0M$19.0M——
Total current liabilities $2.15B$1.89B$1.81B$1.92B$867.0M$841.0M$823.0M——
Long-term debt $2.75B$2.75B$2.32B$2.58B$1.77B$1.40B$1.17B——
Total liabilities $5.53B$5.20B$4.72B$5.17B$2.84B$2.51B$2.25B——
Retained earnings $517.0M$215.0M-$11.0M-$164.0M-$237.0M-$284.0M-$131.0M——
Total equity $3.41B$2.95B$2.07B$2.13B$2.32B$1.56B$1.76B$633.0M$582.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $759.0M$620.0M$514.0M$270.0M$182.0M$496.0M$150.0M$112.0M—
Depreciation and amortisation $85.0M$80.0M$79.0M$77.0M$75.0M$81.0M$18.0M$60.0M—
Stock-based compensation $44.0M$32.0M$29.0M$18.0M$12.0M$5.0M$156.0M$3.0M—
Capital expenditure $96.0M$84.0M$86.0M$79.0M$55.0M$38.0M$11.0M$74.0M—
Investing cash flow -$254.0M-$829.0M-$115.0M-$2.90B-$121.0M-$340.0M-$1.73B-$300.0M—
Financing cash flow -$121.0M$245.0M-$532.0M$1.76B$917.0M$99.0M$1.40B$203.0M—
Buybacks $75.0M$0$41.0M$44.0M$0$30.0M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-011620.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2.5B 0 2.5B 5B 7.5B 10B Revenue, FY2018: 3.7B Gross profit, FY2018: 787M Net income, FY2018: 136M Revenue, FY2019: 985M Gross profit, FY2019: 198M Net income, FY2019: -153M Revenue, FY2020: 3.6B Gross profit, FY2020: 756M Net income, FY2020: -153M Revenue, FY2021: 3.9B Gross profit, FY2021: 939M Net income, FY2021: 47M Revenue, FY2022: 6.6B Gross profit, FY2022: 1.7B Net income, FY2022: 73M Revenue, FY2023: 6.9B Gross profit, FY2023: 1.9B Net income, FY2023: 153M Revenue, FY2024: 7B Gross profit, FY2024: 2.2B Net income, FY2024: 250M Revenue, FY2025: 7.9B Gross profit, FY2025: 2.5B Net income, FY2025: 302M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $3.73B $985.0M $3.59B $3.94B $6.56B $6.93B $7.02B $7.91B
Gross profit — $787.0M $198.0M $756.0M $939.0M $1.71B $1.94B $2.18B $2.49B
Net income — $136.0M -$153.0M -$153.0M $47.0M $73.0M $153.0M $250.0M $302.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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FTDR Frontdoor, Inc. $5.81B 24.7x 13.6%
ABM ABM INDUSTRIES INC /DE/ $3.14B 20.7x 4.6%
ARAI Arrive AI Inc. $6.0M — —
PMEC Primech Holdings Ltd — — 2.5%