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The financials
APi Group Corporation by the numbers
APi Group Corporation (APG) reported revenue of $1.98B in Q1 2026 (quarter ended Mar 31, 2026), up 15% from the same quarter a year earlier. That came with a gross margin of 31% and net income of $57M (2.9% of revenue). For the full year FY2025, revenue was $7.91B (+13% year on year) and net income $302M. Its largest product in Q4 2024 (quarter ended Dec 31, 2024) was Corporate And Elimination at $1.86B, 94% of the disclosed total, well ahead of Heating Ventilation And Air Conditioning at 6.4%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.98B | $1.72B | +15% |
| Gross profit | $620M | $542M | +14% |
| Operating income | $103M | $84M | +23% |
| Net income | $57M | $35M | +63% |
| Diluted EPS | $0.12 | $0.07 | +71% |
| Product | Revenue | Share |
|---|---|---|
| Corporate And Elimination | $1.86B | 94% |
| Heating Ventilation And Air Conditioning | $127M | 6.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $2.25B (+14%)
Corporate And Elimination grew +13% year on year
Segment Latestquarter on quarteryear on year
- Corporate And Elimination$2.25B$2.25BQoQ +14%year on year +13%+14%+13%
- Fabrication And Distribution$0.00$0.00QoQ -year on year ---
- Infrastructure And Utility$0.00$0.00QoQ -year on year ---
- Specialty Contracting$0.00$0.00QoQ -year on year ---
Engineering & Construction
Ranks #3 of 22 by Smart Score