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APG · NYSE · United States · Services-To Dwellings & Other Buildings
In shortAPi Group Corp is profitable, generates cash and carries moderate debt, with revenue growing (+12.7% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 7.0% | 40/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 3.8% | 35/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 9.5% | 47/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 6.6% | 44/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.50× | 58/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.81× | 66/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.89× | 32/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.04 | 24/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 8.4% | 54/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.20× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 26.8% | 12/100 |
| Operating margin volatility | 2.0% | 91/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 6.5% | 53/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 3,940 | 6,558 | 6,928 | 7,018 | 7,911 |
| Cost of revenue | 3,001 | 4,844 | 4,988 | 4,840 | 5,424 |
| Gross profit | 939 | 1,714 | 1,940 | 2,178 | 2,487 |
| Selling, general & admin | 803 | 1,552 | 1,581 | 1,694 | 1,933 |
| Operating income | 136 | 162 | 359 | 484 | 554 |
| Interest expense | 60 | 125 | 145 | – | – |
| Pre-tax income | 79 | 93 | 232 | 330 | 413 |
| Income tax | 32 | 20 | 79 | 80 | 111 |
| Net income | 47 | 73 | 153 | 250 | 302 |
| Diluted EPS | −$0.67 | $0.10 | −$0.46 | −$0.56 | −$0.69 |
| Diluted shares (millions) | 206 | 266 | 353 | 402 | 416 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
2.04 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 30, 2026