APi Group financials
$38.75+1.04%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 |
|---|---|---|---|---|---|---|
| Revenue | $7.91B | $7.02B | $6.93B | $6.56B | $3.94B | $3.59B |
| Gross profit | $2.49B | $2.18B | $1.94B | $1.71B | $939.0M | $756.0M |
| Gross margin | 31.4% | 31.0% | 28.0% | 26.1% | 23.8% | 21.1% |
| Operating income | $554.0M | $484.0M | $359.0M | $162.0M | $136.0M | -$166.0M |
| Net income | -$288.0M | -$224.0M | -$161.0M | $29.0M | -$137.0M | -$375.0M |
| Net margin | −3.6% | −3.2% | −2.3% | 0.4% | −3.5% | −10.5% |
| Diluted EPS | $-0.69 | $-0.56 | $-0.46 | $0.07 | $-0.45 | $-1.47 |
| EBITDA | $881.0M | $786.0M | $662.0M | $466.0M | $338.0M | $294.0M |
| Operating cash flow | $759.0M | $620.0M | $514.0M | $270.0M | $182.0M | $496.0M |
| Free cash flow | $663.0M | $536.0M | $428.0M | $191.0M | $127.0M | $458.0M |
| Diluted shares | 415.7M | 401.5M | 352.7M | 399.1M | 309.0M | 253.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $912.0M | $499.0M | $479.0M | $605.0M | $1.19B | $515.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $2.76B | $2.75B | $2.33B | $2.79B | $1.77B | $1.42B |
| Total assets | $8.94B | $8.15B | $7.59B | $8.09B | $5.16B | $4.07B |
| Total liabilities | $5.53B | $5.20B | $4.72B | $5.17B | $2.84B | $2.51B |
| Shareholders' equity | $3.41B | $2.95B | $2.07B | $2.13B | $2.32B | $1.56B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology