APi Group CorpAPGEarnings & Financial Report
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Revenue
$2.1B
Gross Profit
$652.0M
Operating Profit
$163.0M
Net Profit
$93.0M
Gross Margin
31.3%
Operating Margin
7.8%
Net Margin
4.5%
YoY Growth
14.2%
EPS
$0.20
APi Group Corp Q3 FY2025 Financial Summary
APi Group Corp reported revenue of $2.1B (up 14.2% YoY) for Q3 FY2025, with a net profit of $93.0M (up 34.8% YoY) (4.5% margin). Cost of goods sold was $1.4B, operating expenses totaled $489.0M.
Key Financial Metrics
| Total Revenue | $2.1B |
|---|---|
| Net Profit | $93.0M |
| Gross Margin | 31.3% |
| Operating Margin | 7.8% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
APi Group Corp Q3 FY2025 revenue of $2.1B breaks down across 4 segments, led by Safety Services at $1.4B (67.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Safety Services | $1.4B | 67.3% |
| Infrastructure Utility | $291.0M | 14.0% |
| Specialty Contracting | $289.0M | 13.9% |
| Fabrication And Distribution | $103.0M | 4.9% |
APi Group Corp Revenue by Segment — Quarterly Trend
APi Group Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Safety Services and Infrastructure Utility) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Safety Services | — | — | $1.4B | $1.4B |
| Infrastructure Utility | — | — | $291.0M | $256.0M |
| Specialty Contracting | — | — | $289.0M | $274.0M |
| Fabrication And Distribution | — | — | $103.0M | $99.0M |
APi Group Corp Annual Revenue by Year
APi Group Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $7.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $7.9B |
| 2024 | $7.0B |
| 2023 | $6.9B |
APi Group Corp Quarterly Revenue & Net Profit History
APi Group Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $2.0B | +11.7% | $57.0M | 2.9% |
| Q4 FY2025 | $2.1B | +13.8% | $97.0M | 4.6% |
| Q3 FY2025 | $2.1B | +14.2% | $93.0M | 4.5% |
| Q2 FY2025 | $2.0B | +15.0% | $77.0M | 3.9% |
| Q1 FY2025 | $1.7B | +7.4% | $35.0M | 2.0% |
| Q4 FY2024 | $1.9B | +5.8% | $67.0M | 3.6% |
| Q3 FY2024 | $1.8B | +2.4% | $69.0M | 3.8% |
| Q2 FY2024 | $1.7B | -2.3% | $69.0M | 4.0% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.73B | $1.83B | $1.86B | $1.72B | $1.99B | $2.08B | $2.12B | $1.98B |
| YoY Growth | -2.3% | 2.4% | 5.8% | 7.4% | 15.0% | 14.2% | 13.8% | 11.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.96B | $8.24B | $8.15B | $8.10B | $8.54B | $8.72B | $8.94B | $8.97B |
| Liabilities | $5.13B | $5.28B | $5.20B | $5.12B | $5.37B | $5.45B | $5.53B | $5.48B |
| Equity | $2.83B | $2.97B | $2.95B | $2.98B | $3.17B | $3.28B | $3.41B | $3.49B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $110.0M | $220.0M | $283.0M | $62.0M | $83.0M | $232.0M | $382.0M | $85.0M |