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Side-by-side financial comparison of APi Group Corp (APG) and Vulcan Materials Company (VMC). Click either name above to swap in a different company.

APi Group Corp is the larger business by last-quarter revenue ($2.1B vs $1.8B, roughly 1.2× Vulcan Materials Company). Vulcan Materials Company runs the higher net margin — 9.4% vs 4.6%, a 4.8% gap on every dollar of revenue. On growth, APi Group Corp posted the faster year-over-year revenue change (13.8% vs 7.4%). Over the past eight quarters, APi Group Corp's revenue compounded faster (15.0% CAGR vs -6.6%).

X.AI Corp., doing business as xAI, is an American company working in the area of artificial intelligence (AI), social media and technology that is a wholly owned subsidiary of American aerospace company SpaceX. Founded by Elon Musk in 2023, the company's flagship products are the generative AI chatbot named Grok and the social media platform X, the latter of which they acquired in March 2025.

Vulcan Materials Company is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials. Vulcan is the largest producer of construction materials, primarily gravel, crushed stone, and sand, and employs approximately 12,000 people at over 400 facilities. Vulcan serves 22 states, the District of Columbia, Mexico, Canada, Bahamas and the U.S. Virgin Islands.

APG vs VMC — Head-to-Head

Bigger by revenue
APG
APG
1.2× larger
APG
$2.1B
$1.8B
VMC
Growing faster (revenue YoY)
APG
APG
+6.4% gap
APG
13.8%
7.4%
VMC
Higher net margin
VMC
VMC
4.8% more per $
VMC
9.4%
4.6%
APG
Faster 2-yr revenue CAGR
APG
APG
Annualised
APG
15.0%
-6.6%
VMC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APG
APG
VMC
VMC
Revenue
$2.1B
$1.8B
Net Profit
$97.0M
$165.0M
Gross Margin
32.0%
24.1%
Operating Margin
7.7%
15.1%
Net Margin
4.6%
9.4%
Revenue YoY
13.8%
7.4%
Net Profit YoY
44.8%
27.9%
EPS (diluted)
$-1.16
$1.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APG
APG
VMC
VMC
Q1 26
$1.8B
Q4 25
$2.1B
$1.9B
Q3 25
$2.1B
$2.3B
Q2 25
$2.0B
$2.1B
Q1 25
$1.7B
$1.6B
Q4 24
$1.9B
$1.9B
Q3 24
$1.8B
$2.0B
Q2 24
$1.7B
$2.0B
Net Profit
APG
APG
VMC
VMC
Q1 26
$165.0M
Q4 25
$97.0M
$252.0M
Q3 25
$93.0M
$374.9M
Q2 25
$77.0M
$320.9M
Q1 25
$35.0M
$128.9M
Q4 24
$67.0M
$293.6M
Q3 24
$69.0M
$207.6M
Q2 24
$69.0M
$308.0M
Gross Margin
APG
APG
VMC
VMC
Q1 26
24.1%
Q4 25
32.0%
25.5%
Q3 25
31.3%
30.4%
Q2 25
30.9%
29.7%
Q1 25
31.5%
22.3%
Q4 24
30.9%
29.0%
Q3 24
31.1%
28.2%
Q2 24
31.4%
29.4%
Operating Margin
APG
APG
VMC
VMC
Q1 26
15.1%
Q4 25
7.7%
19.8%
Q3 25
7.8%
23.7%
Q2 25
7.2%
22.4%
Q1 25
4.9%
13.9%
Q4 24
6.2%
21.6%
Q3 24
7.8%
16.8%
Q2 24
7.3%
22.5%
Net Margin
APG
APG
VMC
VMC
Q1 26
9.4%
Q4 25
4.6%
13.2%
Q3 25
4.5%
16.4%
Q2 25
3.9%
15.3%
Q1 25
2.0%
7.9%
Q4 24
3.6%
15.8%
Q3 24
3.8%
10.4%
Q2 24
4.0%
15.3%
EPS (diluted)
APG
APG
VMC
VMC
Q1 26
$1.35
Q4 25
$-1.16
$1.90
Q3 25
$0.20
$2.82
Q2 25
$0.16
$2.42
Q1 25
$0.11
$0.97
Q4 24
$0.05
$2.21
Q3 24
$0.23
$1.56
Q2 24
$0.22
$2.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APG
APG
VMC
VMC
Cash + ST InvestmentsLiquidity on hand
$912.0M
$140.2M
Total DebtLower is stronger
$2.8B
$4.4B
Stockholders' EquityBook value
$3.4B
$8.5B
Total Assets
$8.9B
$16.7B
Debt / EquityLower = less leverage
0.81×
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APG
APG
VMC
VMC
Q1 26
$140.2M
Q4 25
$912.0M
$183.3M
Q3 25
$555.0M
$191.3M
Q2 25
$432.0M
$347.4M
Q1 25
$460.0M
$181.3M
Q4 24
$499.0M
$559.7M
Q3 24
$487.0M
$433.2M
Q2 24
$324.0M
$111.0M
Total Debt
APG
APG
VMC
VMC
Q1 26
$4.4B
Q4 25
$2.8B
$4.4B
Q3 25
$2.8B
$4.4B
Q2 25
$2.8B
$4.4B
Q1 25
$2.8B
$4.9B
Q4 24
$2.8B
$5.3B
Q3 24
$2.9B
$3.3B
Q2 24
$2.8B
$3.3B
Stockholders' Equity
APG
APG
VMC
VMC
Q1 26
$8.5B
Q4 25
$3.4B
$8.5B
Q3 25
$3.3B
$8.7B
Q2 25
$3.2B
$8.4B
Q1 25
$3.0B
$8.1B
Q4 24
$3.0B
$8.1B
Q3 24
$3.0B
$7.9B
Q2 24
$2.8B
$7.7B
Total Assets
APG
APG
VMC
VMC
Q1 26
$16.7B
Q4 25
$8.9B
$16.7B
Q3 25
$8.7B
$17.0B
Q2 25
$8.5B
$17.0B
Q1 25
$8.1B
$16.7B
Q4 24
$8.2B
$17.1B
Q3 24
$8.2B
$14.4B
Q2 24
$8.0B
$14.2B
Debt / Equity
APG
APG
VMC
VMC
Q1 26
0.51×
Q4 25
0.81×
0.51×
Q3 25
0.84×
0.50×
Q2 25
0.87×
0.52×
Q1 25
0.92×
0.60×
Q4 24
0.93×
0.65×
Q3 24
0.96×
0.42×
Q2 24
1.00×
0.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APG
APG
VMC
VMC
Operating Cash FlowLast quarter
$382.0M
$241.1M
Free Cash FlowOCF − Capex
$356.0M
FCF MarginFCF / Revenue
16.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
3.94×
1.46×
TTM Free Cash FlowTrailing 4 quarters
$663.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APG
APG
VMC
VMC
Q1 26
$241.1M
Q4 25
$382.0M
$543.0M
Q3 25
$232.0M
$676.8M
Q2 25
$83.0M
$341.7M
Q1 25
$62.0M
$251.5M
Q4 24
$283.0M
$440.1M
Q3 24
$220.0M
$595.0M
Q2 24
$110.0M
$201.1M
Free Cash Flow
APG
APG
VMC
VMC
Q1 26
Q4 25
$356.0M
$358.2M
Q3 25
$201.0M
$454.8M
Q2 25
$56.0M
$238.8M
Q1 25
$50.0M
$83.5M
Q4 24
$265.0M
$277.6M
Q3 24
$198.0M
$498.2M
Q2 24
$88.0M
$9.7M
FCF Margin
APG
APG
VMC
VMC
Q1 26
Q4 25
16.8%
18.7%
Q3 25
9.6%
19.8%
Q2 25
2.8%
11.4%
Q1 25
2.9%
5.1%
Q4 24
14.2%
15.0%
Q3 24
10.8%
24.9%
Q2 24
5.1%
0.5%
Capex Intensity
APG
APG
VMC
VMC
Q1 26
Q4 25
1.2%
9.7%
Q3 25
1.5%
9.7%
Q2 25
1.4%
4.9%
Q1 25
0.7%
10.3%
Q4 24
1.0%
8.8%
Q3 24
1.2%
4.8%
Q2 24
1.3%
9.5%
Cash Conversion
APG
APG
VMC
VMC
Q1 26
1.46×
Q4 25
3.94×
2.15×
Q3 25
2.49×
1.81×
Q2 25
1.08×
1.06×
Q1 25
1.77×
1.95×
Q4 24
4.22×
1.50×
Q3 24
3.19×
2.87×
Q2 24
1.59×
0.65×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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