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APi Group Corp

apigroupinc.com

APi Group Corp (NYSE: APG) is a specialty services company that provides safety, specialty, and industrial services primarily to commercial, industrial, and institutional customers. Revenue is generated through project-based and recurring service contracts, with recurring inspection and service work forming a meaningful portion of the business mix. APi Group was incorporated in Delaware and operates principally through its Safety Services and Specialty Services segments as disclosed in its 10-K filed February 25, 2026 (accession 000162828026011620) for fiscal year ended December 31, 2025. The company operates across North America and internationally, delivering fire protection, life safety, HVAC, and related specialty contracting services. Service and inspection work creates repeat revenue tied to code compliance requirements and building maintenance cycles.

Products & Services

Fire protection and life safety systems, HVAC services, specialty mechanical and industrial services, inspection and maintenance contracts.

Revenue Model

Project-based and recurring service contracts across fire protection, life safety, and specialty contracting. Inspection and service agreements generate recurring revenue; construction and installation projects generate transactional revenue.

Customers & Markets

Commercial, industrial, and institutional building owners and operators. End markets include commercial real estate, healthcare, education, industrial facilities, and infrastructure.

Geographic Exposure

Primarily North America with international operations, as referenced in the 10-K filed February 25, 2026.

Financial Snapshot

Revenue
TTM
$8.438B
Gross Margin
TTM
31.44%
Net Income
TTM
-$223.0M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
138.92%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$3.516B
Cash
2026 Q2
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
$624.0M

Stock Price

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Market Cap: $17.349 Billion

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