APi Group revenue and financials
$40.29Change from previous close: −2.68%Absolute change: −$1.11
In the fiscal year ended December 2025, APi Group reported revenue of $7.91B (+12.72% year over year). Net income was $302M, a net margin of 3.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +12.72%
- 2025 vs 2024
- Net income growth
- +20.80%
- 2025 vs 2024
- Net margin
- 3.8%
- 2024: 3.6%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 83.0 | 85.0 | 382 | 232 | 83.0 | 62.0 | 283 | 220 | 110 | 7.0 | 297 | 144 |
| Depreciation and amortization | 89.0 | 84.0 | 85.0 | 81.0 | 81.0 | 80.0 | 81.0 | 77.0 | 75.0 | 69.0 | 77.0 | 77.0 |
| Capital expenditure | -31.0 | -18.0 | -26.0 | -31.0 | -27.0 | -12.0 | -18.0 | -22.0 | -22.0 | -22.0 | -22.0 | -18.0 |
| Investing cash flow | -556 | -305 | -23.0 | -91.0 | -126 | -14.0 | -149 | -57.0 | -601 | -22.0 | -7.0 | -26.0 |
| Financing cash flow | 681 | -42.0 | -5.0 | -15.0 | -3.0 | -98.0 | -103 | -9.0 | 570 | -213 | -279 | -21.0 |
| Share repurchases | -67.0 | -37.0 | -1.0 | 0.0 | -1.0 | -94.0 | -1.0 | -1.0 | — | -11.0 | -1.0 | -18.0 |
| Debt issued | 1,075 | — | 0.0 | 0.0 | 0.0 | 0.0 | — | — | 450 | 400 | — | — |
| Debt repaid | -302 | -1.0 | -2.0 | -1.0 | -2.0 | -2.0 | -102 | -1.0 | -332 | -2.0 | -278 | -2.0 |
| Effect of exchange rates | -2.0 | -6.0 | 3.0 | -3.0 | 18.0 | 10.0 | -19.0 | 9.0 | -1.0 | -4.0 | 7.0 | -5.0 |
| Net change in cash | 206 | -268 | 357 | 123 | -28.0 | -40.0 | 12.0 | 163 | 78.0 | -232 | 18.0 | 92.0 |
| Free cash flow | 52.0 | 67.0 | 356 | 201 | 56.0 | 50.0 | 265 | 198 | 88.0 | -15.0 | 275 | 126 |
| Levered free cash flow | -4.0 | 44.3 | 430 | 162 | 63.3 | 22.6 | 269 | 154 | 78.8 | -34.3 | 349 | 75.8 |