APi Group Corporation
APG
ISIN null / Valor 54101264
APi Group Corporation
UMushroom community rating:
About company
APi Group Corporation, formerly known as A.P.I. Inc., was established in 1964 as a family business and later rebranded in 1997. Under the leadership of Lee R. Anderson Sr., the company diversified its operations to cater to the construction and construction-related industries, expanding its presence in key markets nationally and globally. Today, APi Group is a global market-leading business services provider specializing in safety and specialty services. The company focuses on developing strong leadership through its Building Great Leaders® program, which aims to cultivate management skills, organizational flexibility, and succession planning within its family of companies. APi Group continues to drive growth through strategic acquisitions and investments in new ventures while supporting its subsidiaries to excel in their respective areas of expertise.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (11.02.2026):
APi Group Corporation — Third Quarter 2025: APi reported record Q3 2025 results with net revenues of $2.085 billion (up 14.2% YoY, 9.7% organic), record reported net income of $93 million (up 34.8% YoY) and record adjusted EBITDA of $281 million (up 14.7% YoY) while raising full‑year 2025 revenue and adjusted EBITDA guidance.
Revenue and growth
Q3 net revenues were $2.085B, +14.2% year‑over‑year; organic net revenue growth was 9.7%, driven by inspection, service & monitoring, project revenues, acquisition contributions and pricing.
Profitability — GAAP and adjusted
GAAP net income was $93M and diluted EPS $0.20. Adjusted net income was $174M and adjusted diluted EPS $0.41 (adjusted for the June 30, 2025 three‑for‑two stock split).
EBITDA and margins
Adjusted EBITDA was a record $281M (up 14.7% YoY; +13.7% on a fixed currency basis) and adjusted EBITDA margin expanded 10 bps to 13.5% in Q3.
Gross profit and SG&A
GAAP gross profit was $652M (gross margin 31.3%, +20 bps YoY); adjusted gross profit was $656M (adjusted gross margin 31.5%, +50 bps YoY). Adjusted SG&A was $402M (19.3% of revenues).
Segment performance
Safety Services: revenues $1.403B (+15.4% YoY, 8.7% organic), adjusted gross margin 37.3% (+80 bps adjusted) and segment earnings $236M (+18.6%). Specialty Services: revenues $683M (+11.6% YoY, all organic), adjusted gross margin 19.3% (down 60 bps) and segment earnings $81M (+3.8%).
Cash flow and balance sheet
Q3 free cash flow was $201M and adjusted free cash flow $248M (adjusted FCF conversion 88.3% for the quarter). At 9/30/2025 cash & equivalents were $555M, total long‑term debt (net of current portion) $2.753B (current portion $5M) and total shareholders’ equity $3.276B.
Guidance
APi raised full‑year 2025 guidance: net revenues $7.825B–$7.925B (from $7.65B–$7.85B) and adjusted EBITDA $1.015B–$1.045B (raised from $1.005B–$1.045B). Management expects adjusted free cash flow conversion of ~75% for the full year.
Operational commentary
Management highlighted momentum in organic growth, margin expansion, growth in recurring inspection/service/monitoring revenue, a record backlog, improved free cash flow generation and continued focus on disciplined capital allocation and M&A.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
18470 M
Market cap (USD)
1,952,544
Daily traded volume (Shares)
36.23 / 35.56
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Dante Malquori
Nick Parrish
finn walshe
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