For the twelve months ended Sep 30, 2026, APi Group Corporation reported $8.91B of revenue and $367.00M of net income.
APG revenue was $2.55B in fiscal Q3 2026 (ended Sep 30, 2026), up 22.5% from a year earlier and up 13.3% from the prior quarter. For the full fiscal 2025 it was $7.91B, up 12.7% from fiscal 2024. Compound annual growth was +17.1% over 5 years. It rose in 6 of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.
APG net income was $114.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 22.6% from a year earlier and up 15.2% from the prior quarter. For the full fiscal 2025 it was $302.00M, up 20.8% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.
APG diluted EPS was $0.24 in fiscal Q3 2026 (ended Sep 30, 2026), up 20.0% from a year earlier and up 20.0% from the prior quarter. For the full fiscal 2025 it was -$0.69, compared with -$0.56 in fiscal 2024.
APG free cash flow was $198.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 1.5% from a year earlier and up 280.8% from the prior quarter. For the full fiscal 2025 it was $663.00M, up 23.7% from fiscal 2024. Compound annual growth was +7.7% over 5 years. It rose in 6 of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.91B | $7.02B | $6.93B | $6.56B | $3.94B | $3.59B | $985.00M | $3.73B |
| Cost of revenue | $5.42B | $4.84B | $4.99B | $4.84B | $3.00B | $2.83B | $787.00M | $2.94B |
| Gross profit | $2.49B | $2.18B | $1.94B | $1.71B | $939.00M | $756.00M | $198.00M | $787.00M |
| Selling, general and admin | $1.93B | $1.69B | $1.58B | $1.55B | $803.00M | $725.00M | $359.00M | $625.00M |
| Operating income | $554.00M | $484.00M | $359.00M | $162.00M | $136.00M | -$166.00M | -$161.00M | $162.00M |
| Interest expense | - | - | $145.00M | $125.00M | $60.00M | $52.00M | $15.00M | $22.00M |
| Pre-tax income | $413.00M | $330.00M | $232.00M | $93.00M | $79.00M | -$184.00M | -$151.00M | $146.00M |
| Income tax | $111.00M | $80.00M | $79.00M | $20.00M | $32.00M | -$31.00M | $2.00M | $10.00M |
| Net income | $302.00M | $250.00M | $153.00M | $73.00M | $47.00M | -$153.00M | -$153.00M | $136.00M |
| EPS, basic | -$0.69 | -$0.56 | -$0.46 | $0.07 | -$0.45 | -$1.47 | -$0.77 | - |
| EPS, diluted | -$0.69 | -$0.56 | -$0.46 | $0.07 | -$0.45 | -$1.47 | -$0.77 | - |
| Diluted shares | 415.7M | 401.5M | 352.7M | 399.1M | 309.0M | 253.5M | 199.5M | - |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $912.00M | $501.00M | $480.00M | $607.00M | $1.49B | $515.00M | $256.00M | $54.00M |
| Receivables | $1.56B | $1.44B | $1.40B | $1.31B | $767.00M | $639.00M | $730.00M | $765.00M |
| Inventory | $145.00M | $143.00M | $150.00M | $163.00M | $69.00M | $64.00M | $58.00M | - |
| Current assets | $3.23B | $2.66B | $2.58B | $2.65B | $2.63B | $1.44B | $1.34B | - |
| Goodwill | $3.17B | $2.89B | $2.47B | $2.38B | $1.11B | $1.08B | $980.00M | $320.00M |
| Total assets | $8.94B | $8.15B | $7.59B | $8.09B | $5.16B | $4.07B | $4.01B | - |
| Current liabilities | $2.15B | $1.89B | $1.81B | $1.92B | $867.00M | $841.00M | $823.00M | - |
| Short-term debt | $5.00M | $4.00M | $5.00M | $206.00M | $1.00M | $18.00M | $19.00M | - |
| Long-term debt | $2.75B | $2.75B | $2.32B | $2.58B | - | - | - | - |
| Total debt | $2.76B | $2.75B | $2.33B | $2.79B | $1.77B | $1.42B | $1.19B | - |
| Total liabilities | $5.53B | $5.20B | $4.72B | $5.17B | $2.84B | $2.51B | $2.25B | - |
| Shareholders' equity | $3.41B | $2.95B | $2.07B | $2.13B | $2.32B | $1.56B | $1.76B | $633.00M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $759.00M | $620.00M | $514.00M | $270.00M | $182.00M | $496.00M | $150.00M | $112.00M |
| Capital expenditures | $96.00M | $84.00M | $86.00M | $79.00M | $55.00M | $38.00M | $11.00M | $74.00M |
| Free cash flow | $663.00M | $536.00M | $428.00M | $191.00M | $127.00M | $458.00M | $139.00M | $38.00M |
| Investing cash flow | -$254.00M | -$829.00M | -$115.00M | -$2.90B | -$121.00M | -$340.00M | -$1.73B | -$300.00M |
| Financing cash flow | -$121.00M | $245.00M | -$532.00M | $1.76B | $917.00M | $99.00M | $1.40B | $203.00M |
| Share repurchases | $75.00M | $0 | $41.00M | $44.00M | $0 | $30.00M | - | - |
| Stock-based compensation | $44.00M | $32.00M | $29.00M | $18.00M | $12.00M | $5.00M | $156.00M | $3.00M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 12.7% | 1.3% | 5.6% | 66.4% | 9.8% | 264.2% | -73.6% | - |
| Net income growth, YoY | 20.8% | 63.4% | 109.6% | 55.3% | - | - | - | - |
| Gross margin | 31.4% | 31.0% | 28.0% | 26.1% | 23.8% | 21.1% | 20.1% | 21.1% |
| Operating margin | 7.0% | 6.9% | 5.2% | 2.5% | 3.5% | -4.6% | -16.3% | 4.3% |
| Net margin | 3.8% | 3.6% | 2.2% | 1.1% | 1.2% | -4.3% | -15.5% | 3.6% |
| Free cash flow margin | 8.4% | 7.6% | 6.2% | 2.9% | 3.2% | 12.8% | 14.1% | 1.0% |
| Return on equity | 8.9% | 8.5% | 7.4% | 3.4% | 2.0% | -9.8% | -8.7% | 21.5% |
| Return on assets | 3.4% | 3.1% | 2.0% | 0.9% | 0.9% | -3.8% | -3.8% | - |
| Current ratio | 1.50 | 1.41 | 1.43 | 1.38 | 3.03 | 1.71 | 1.63 | - |
| Debt to equity | 0.81 | 0.93 | 1.12 | 1.31 | 0.76 | 0.91 | 0.68 | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.55B | $2.25B | $1.98B | $2.12B | $2.08B | $1.99B | $1.72B | $1.86B | $1.83B | $1.73B | $1.60B | $1.76B |
| Cost of revenue | $1.78B | $1.55B | $1.36B | $1.44B | $1.43B | $1.38B | $1.18B | $1.29B | $1.26B | $1.19B | $1.11B | $1.25B |
| Gross profit | $770.00M | $703.00M | $620.00M | $678.00M | $652.00M | $615.00M | $542.00M | $575.00M | $567.00M | $544.00M | $492.00M | $508.00M |
| Selling, general and admin | $568.00M | $528.00M | $517.00M | $514.00M | $489.00M | $472.00M | $458.00M | $459.00M | $425.00M | $418.00M | $392.00M | $433.00M |
| Operating income | $202.00M | $175.00M | $103.00M | $164.00M | $163.00M | $143.00M | $84.00M | $116.00M | $142.00M | $126.00M | $100.00M | $75.00M |
| Interest expense | $45.00M | $36.00M | $30.00M | - | $34.00M | $37.00M | $38.00M | - | - | - | $34.00M | $33.00M |
| Pre-tax income | $155.00M | $138.00M | $71.00M | $129.00M | $130.00M | $108.00M | $46.00M | $78.00M | $100.00M | $89.00M | $63.00M | $45.00M |
| Income tax | $41.00M | $39.00M | $14.00M | $32.00M | $37.00M | $31.00M | $11.00M | $11.00M | $31.00M | $20.00M | $18.00M | $20.00M |
| Net income | $114.00M | $99.00M | $57.00M | $97.00M | $93.00M | $77.00M | $35.00M | $67.00M | $69.00M | $69.00M | $45.00M | $25.00M |
| EPS, basic | $0.24 | $0.21 | $0.12 | -$1.13 | $0.20 | $0.17 | $0.07 | $0.03 | $0.15 | $0.15 | -$0.89 | -$0.67 |
| EPS, diluted | $0.24 | $0.20 | $0.12 | -$1.12 | $0.20 | $0.16 | $0.07 | $0.03 | $0.15 | $0.15 | -$0.89 | -$0.67 |
| Diluted shares | 431.8M | 436.9M | 435.1M | - | 429.5M | 427.6M | 417.4M | - | 413.9M | 413.6M | 374.6M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $373.00M | $851.00M | $645.00M | $912.00M | $556.00M | $433.00M | $461.00M | $501.00M | $489.00M | $326.00M | $248.00M | $480.00M |
| Receivables | $1.91B | $1.71B | $1.54B | $1.56B | $1.56B | $1.51B | $1.36B | $1.44B | $1.34B | $1.31B | $1.26B | $1.40B |
| Inventory | $182.00M | $172.00M | $156.00M | $145.00M | $148.00M | $154.00M | $150.00M | $143.00M | $155.00M | $155.00M | $148.00M | $150.00M |
| Current assets | $3.40B | $3.53B | $3.02B | $3.23B | $3.01B | $2.80B | $2.59B | $2.66B | $2.69B | $2.45B | $2.23B | $2.58B |
| Goodwill | $3.90B | $3.64B | $3.33B | $3.17B | $3.15B | $3.13B | $2.94B | $2.89B | $2.93B | $2.83B | $2.47B | $2.47B |
| Total assets | $10.28B | $9.95B | $8.97B | $8.94B | $8.72B | $8.54B | $8.10B | $8.15B | $8.24B | $7.96B | $7.19B | $7.59B |
| Current liabilities | $2.87B | $2.54B | $2.11B | $2.15B | $2.03B | $1.93B | $1.76B | $1.89B | $1.78B | $1.66B | $1.65B | $1.81B |
| Short-term debt | $361.00M | $306.00M | $5.00M | $5.00M | $5.00M | $5.00M | $4.00M | $4.00M | $5.00M | $4.00M | $105.00M | $5.00M |
| Long-term debt | $3.21B | $3.22B | $2.75B | $2.75B | $2.75B | $2.75B | $2.75B | $2.75B | $2.85B | $2.84B | $2.62B | $2.32B |
| Total debt | $3.57B | $3.52B | $2.76B | $2.76B | $2.76B | $2.76B | $2.75B | $2.75B | $2.85B | $2.85B | $2.73B | $2.33B |
| Total liabilities | $6.79B | $6.43B | $5.48B | $5.53B | $5.45B | $5.37B | $5.12B | $5.20B | $5.28B | $5.13B | $4.89B | $4.72B |
| Shareholders' equity | $3.49B | $3.52B | $3.49B | $3.41B | $3.28B | $3.17B | $2.98B | $2.95B | $2.97B | $2.83B | $2.30B | $2.07B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $225.00M | $83.00M | $85.00M | $382.00M | $232.00M | $83.00M | $62.00M | $283.00M | $220.00M | $110.00M | $7.00M | $297.00M |
| Capital expenditures | $27.00M | $31.00M | $18.00M | $26.00M | $31.00M | $27.00M | $12.00M | $18.00M | $22.00M | $22.00M | $22.00M | $22.00M |
| Free cash flow | $198.00M | $52.00M | $67.00M | $356.00M | $201.00M | $56.00M | $50.00M | $265.00M | $198.00M | $88.00M | -$15.00M | $275.00M |
| Investing cash flow | -$563.00M | -$556.00M | -$305.00M | -$23.00M | -$91.00M | -$126.00M | -$14.00M | -$149.00M | -$57.00M | -$601.00M | -$22.00M | -$7.00M |
| Financing cash flow | -$139.00M | $681.00M | -$42.00M | -$5.00M | -$15.00M | -$3.00M | -$98.00M | -$103.00M | -$9.00M | $570.00M | -$213.00M | -$279.00M |
| Share repurchases | $186.00M | $66.00M | $0 | $0 | $0 | $0 | $75.00M | $0 | $0 | $0 | $0 | $0 |
| Stock-based compensation | $13.00M | $12.00M | $11.00M | $13.00M | $10.00M | $11.00M | $10.00M | $6.00M | $9.00M | $9.00M | $8.00M | $10.00M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 22.5% | 13.3% | 15.3% | 13.8% | 14.2% | 15.0% | 7.4% | 5.8% | 2.4% | -2.3% | -0.8% | 3.3% |
| Net income growth, YoY | 22.6% | 28.6% | 62.9% | 44.8% | 34.8% | 11.6% | -22.2% | 168.0% | 27.8% | 43.8% | 73.1% | 13.6% |
| EPS growth, YoY | 20.0% | 25.0% | 71.4% | - | 33.3% | 6.7% | - | - | 50.0% | 87.5% | - | - |
| Gross margin | 30.1% | 31.2% | 31.3% | 32.0% | 31.3% | 30.9% | 31.5% | 30.9% | 31.1% | 31.4% | 30.7% | 28.9% |
| Operating margin | 7.9% | 7.8% | 5.2% | 7.7% | 7.8% | 7.2% | 4.9% | 6.2% | 7.8% | 7.3% | 6.2% | 4.3% |
| Net margin | 4.5% | 4.4% | 2.9% | 4.6% | 4.5% | 3.9% | 2.0% | 3.6% | 3.8% | 4.0% | 2.8% | 1.4% |
| Free cash flow margin | 7.8% | 2.3% | 3.4% | 16.8% | 9.6% | 2.8% | 2.9% | 14.2% | 10.8% | 5.1% | -0.9% | 15.6% |
| Current ratio | 1.18 | 1.39 | 1.44 | 1.50 | 1.48 | 1.45 | 1.47 | 1.41 | 1.51 | 1.48 | 1.35 | 1.43 |
| Debt to equity | 1.02 | 1.00 | 0.79 | 0.81 | 0.84 | 0.87 | 0.92 | 0.93 | 0.96 | 1.00 | 1.19 | 1.12 |
Source: XBRL data APi Group Corporation files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 3-for-2, first reported Jul 31, 2025.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| APG | $8.91B | +16.4% | $367.00M | 4.1% | $17.38B |
| ABNB | $13.93B | +16.7% | $3.21B | 23.0% | $113.76B |
| URI | $17.50B | +9.4% | $2.86B | 16.3% | $65.36B |
| PYPL | $34.30B | +4.4% | $4.73B | 13.8% | $49.20B |
| PAYX | $6.60B | +14.0% | $1.81B | 27.4% | $41.67B |
| SUNB | $11.47B | - | $1.39B | 12.1% | $31.57B |
| AER | $8.52B | +6.5% | $3.75B | 44.0% | $26.20B |
| ROL | $3.99B | +8.3% | $526.12M | 13.2% | $18.14B |
| ALLE | $4.39B | +10.3% | $691.10M | 15.7% | $15.63B |