APi Group Corporation (APG) AI Stock Analysis
APG AI stock analysis summary
AI ResearchAPi Group Corporation (APG) provides safety, specialty, and industrial infrastructure services across global markets. In FY2025, revenue increased 12.7% to $7.91B while free cash flow reached $663.0M. Over the trailing twelve months, revenue stood at $8.44B with a net profit margin of 4.1%.
- Market cap
- $17.35B
- Revenue (TTM)
- $8.44B
- P/E
- — fwd 17.9x
- 1Y return
- 16.6% S&P 500 16.8%
- Avg. target
- $52.45 30.6% vs last close
Bull case
- Annual free cash flow expanded from $127.0M in FY2021 to $663.0M in FY2025.
- Quarterly revenue rose 13.3% year-over-year in the latest quarter, outpacing the peer median growth of 9.1%.
- Analyst consensus points to an average price target of $52.45, which is 30.6% above the last closing price of $40.15.
Bear case
- The balance sheet carries total debt of $3.84B and net debt of $2.99B as of June 30, 2026.
- Trailing twelve-month diluted EPS was -$0.61.
- Valuation multiples remain elevated, with EV-to-EBITDA at 20.6x compared to the peer median of 13.9x.
What APi does
APi Group Corporation provides safety, specialty, and industrial services across North America, Europe, Australia, and the Asian-Pacific region. The company operates through two segments: Safety Services and Specialty Services. Safety Services delivers integrated occupancy systems, covering fire protection, heating, ventilation, air conditioning (HVAC), and entry systems, spanning design, installation, inspection, and maintenance. Specialty Services provides infrastructure and specialized industrial plant services, such as maintenance and repair for underground electric, gas, water, sewer, and telecommunications networks. It also provides fabrication, retrofitting, and pipeline infrastructure integrity services tailored to the energy sector.
Growth and profitability
Revenue expanded from $3.94B in FY2021 to $7.91B in FY2025, reflecting a 5-year compound annual growth rate of 17.1% from FY2020 to FY2025. Annual net income grew from $47.0M in FY2021 to $302.0M in FY2025, with net margin improving from 1.2% to 3.8%. Gross margin also widened from 23.8% in FY2021 to 31.4% in FY2025. Over the trailing twelve months ended June 30, 2026, revenue totaled $8.44B with an operating margin of 9.0%. In the latest quarter ended June 30, 2026, quarterly revenue grew 13.3% year-over-year, and quarterly earnings grew 25.0%.
Balance sheet and cash flow
As of June 30, 2026, APi Group held $851.0M in cash and short-term investments against total debt of $3.84B, resulting in net debt of $2.99B. Total assets were $9.95B, and shareholders' equity stood at $3.52B, generating a debt-to-equity ratio of 1.09 and a current ratio of 1.39. In FY2025, operating cash flow was $759.0M. The company directed $96.0M toward capital expenditures and $75.0M toward share buybacks during FY2025, while its share count increased 29.2% over 5 years.
Valuation and performance
APi Group trades at an enterprise value of $19.34B and a market cap of $17.35B. Its forward P/E of 17.9x is slightly above the 17.2x median of its US-listed Industrials peers. The company's EV-to-EBITDA ratio of 20.6x and price-to-sales of 2.1x also trade at premiums to peer medians of 13.9x and 1.5x, respectively. The stock gained 16.6% over the past year, roughly in line with the S&P 500's 16.8% return. Over 5 years, the stock returned 189.0%, outperforming the S&P 500's 83.0% return.
What analysts expect
Wall Street coverage includes 8 Strong Buy and 3 Buy ratings, with zero Hold or Sell ratings. The mean price target is $52.45, representing a 30.6% premium over the last close of $40.15 on October 16, 2026. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $8.99B and EPS of $0.97. Over the last four quarters, APi Group beat EPS estimates 3 times. The company's next earnings date is October 29, 2026.
Key risks and what to watch
- Total debt of $3.84B exceeds shareholders' equity of $3.52B, resulting in a debt-to-equity ratio of 1.09.
- The stock has a beta of 1.58, indicating substantially higher volatility than the broader equity market.
- The company's share count increased 29.2% over a 5-year period, creating ongoing shareholder dilution.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this APG AI stock analysis
This page is an AI-written research summary of APi Group Corporation (APG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: APG income statement, APG balance sheet, APG key metrics, APG analyst forecast, APG chart. See the APG stock overview for the latest quote and news.
APG AI stock analysis FAQ
Does APi Group pay a dividend?
APi Group does not pay a regular dividend. The company used cash in FY2025 for $96.0M in capital expenditures and $75.0M in share buybacks.
What are APi Group's primary business segments?
The company operates two primary segments: Safety Services and Specialty Services. Safety Services provides life safety, HVAC, and integrated occupancy systems, while Specialty Services handles infrastructure maintenance, retrofitting, and energy pipeline services.
What is APi Group's current debt level?
As of June 30, 2026, APi Group had total debt of $3.84B and cash and short-term investments of $851.0M, resulting in net debt of $2.99B.
When does APi Group report earnings next?
The company's next scheduled earnings date is October 29, 2026.