APG
$40.48+1.17%
as of close, Oct 2, 2026
☾ AH $40.48 +1.17%
APi Group CorporationStock · Consumer DiscretionaryRussell 1000 0.02%US Stock Market 0.02%Russell 3000 0.02%
APG financial statements
The full income statement, balance sheet, and cash-flow statement for APi Group Corporation (APG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 412.0M2024-09 412.2M2024-12 416.3M2025-03 415.3M2025-06 415.9M2025-09 415.9M2025-12 388.8M2026-03 433.2M2026-06 432.2M+4.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 7.91B+12.7% | 7.02B+1.3% | 6.93B+5.6% | 6.56B+66.4% | 3.94B+9.8% | |
| 2.49B+14.2% | 2.18B+12.3% | 1.94B+13.2% | 1.71B+82.5% | 939M+24.2% | ||
| Cost of revenue | 5.42B+12.1% | 4.84B-3.0% | 4.99B+3.0% | 4.84B+61.4% | 3.00B+6.0% | |
| Selling, general & administrative | 1.93B+14.1% | 1.69B+7.1% | 1.58B+1.9% | 1.55B+93.3% | 803M+10.8% | |
| Restructuring | — | 12.0M-67.6% | 37.0M+68.2% | 22.0M | 0.00 | |
| Amortization of intangibles | 242M+9.0% | 222M-0.9% | 224M-1.3% | 227M+78.7% | 127M-30.2% | |
| Operating income | 554M+14.5% | 484M+34.8% | 359M+121.6% | 162M+19.1% | 136M+181.9% | |
| Interest expense | — | — | 145M+16.0% | 125M+108.3% | 60.0M+15.4% | |
| Other non-operating income | -141M+8.4% | -154M-21.3% | -127M-84.1% | -69.0M-21.1% | -57.0M-216.7% | |
| Equity-method income | 413M+25.2% | 330M+42.2% | 232M+149.5% | 93.0M+17.7% | 79.0M+142.9% | |
| Pre-tax income | 413M+25.2% | 330M+42.2% | 232M+149.5% | 93.0M+17.7% | 79.0M+142.9% | |
| Income tax | 111M+38.8% | 80.0M+1.3% | 79.0M+295.0% | 20.0M-37.5% | 32.0M+203.2% | |
| 302M+20.8% | 250M+63.4% | 153M+109.6% | 73.0M+55.3% | 47.0M+130.7% | ||
| Preferred dividends | — | — | — | — | 184M-17.1% | |
| Net income to common | -288M-28.6% | -224M-39.1% | -161M-655.2% | 29.0M+121.2% | -137M+63.5% | |
| -$0.69-23.2% | -$0.56-21.7% | -$0.46-790.0% | $0.07+114.9% | -$0.45+69.7% | ||
| EPS (basic) | -$0.69-23.2% | -$0.56-21.7% | -$0.46-790.0% | $0.07+114.9% | -$0.45+69.7% | |
| Weighted-avg shares (basic) | 416M+3.5% | 402M+13.8% | 353M+0.8% | 350M+13.2% | 309M+21.9% | |
| Weighted-avg shares (diluted) | 416M+3.5% | 402M+13.8% | 353M-11.6% | 399M+29.2% | 309M+21.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.23B+21.5% | 2.66B+2.9% | 2.58B-2.6% | 2.65B+1.0% | 2.63B+82.7% | ||
| Cash & equivalents | 912M+82.8% | 499M+4.2% | 479M-20.8% | 605M-49.1% | 1.19B+130.7% | |
| Accounts receivable | 1.56B+8.2% | 1.44B+3.5% | 1.40B+6.2% | 1.31B+71.2% | 767M+20.0% | |
| Inventory | 145M+1.4% | 143M-4.7% | 150M-8.0% | 163M+136.2% | 69.0M+7.8% | |
| Prepaid expenses | 125M+5.0% | 119M-2.5% | 122M+8.9% | 112M+34.9% | 83.0M+7.8% | |
| 8.94B+9.6% | 8.15B+7.4% | 7.59B-6.2% | 8.09B+56.8% | 5.16B+26.9% | ||
| Property, plant & equipment | 397M+4.7% | 379M-1.6% | 385M-5.4% | 407M+24.8% | 326M-8.2% | |
| Operating lease right-of-use | 301M+12.3% | 268M+15.0% | 233M+5.0% | 222M+119.8% | 101M-5.6% | |
| Goodwill | 3.17B+9.4% | 2.89B+17.1% | 2.47B+3.7% | 2.38B+115.4% | 1.11B+2.2% | |
| Intangible assets | 1.58B-4.6% | 1.66B+2.5% | 1.62B-9.2% | 1.78B+102.3% | 882M-8.6% | |
| Deferred tax assets | 40.0M-29.8% | 57.0M-49.6% | 113M+4.6% | 108M+47.9% | 73.0M-18.0% | |
| Other non-current assets | 89.0M-23.3% | 116M+54.7% | 75.0M-47.9% | 144M+220.0% | 45.0M+50.0% | |
| 2.15B+14.1% | 1.89B+4.3% | 1.81B-5.9% | 1.92B+121.6% | 867M+3.1% | ||
| Accounts payable | 526M+5.8% | 497M+5.3% | 472M-3.7% | 490M+107.6% | 236M+57.3% | |
| Deferred revenue | 694M+17.6% | 590M+12.2% | 526M+13.6% | 463M+90.5% | 243M+11.0% | |
| Short-term & current debt | 5.00M+25.0% | 4.00M-20.0% | 5.00M-97.6% | 206M+20500.0% | 1.00M-94.4% | |
| Current lease liability | 93.0M+10.7% | 84.0M+21.7% | 69.0M+3.0% | 67.0M+179.2% | 24.0M-14.3% | |
| Finance lease liability (current) | 5.00M-16.7% | 6.00M+0.0% | 6.00M+0.0% | 6.00M+100.0% | 3.00M+0.0% | |
| 5.53B+6.3% | 5.20B+10.1% | 4.72B-8.6% | 5.17B+82.2% | 2.84B+13.1% | ||
| Long-term debt | 2.75B+0.2% | 2.75B+18.4% | 2.32B-10.1% | 2.58B+46.3% | 1.77B+26.4% | |
| Non-current lease liability | 211M+12.8% | 187M+14.0% | 164M+6.5% | 154M+100.0% | 77.0M-1.3% | |
| Operating lease liability (total) | 304M+12.2% | 271M+16.3% | 233M+5.4% | 221M+118.8% | 101M-4.7% | |
| Finance lease liability (total) | 9.00M-18.2% | 11.0M-21.4% | 14.0M-22.2% | 18.0M+260.0% | 5.00M-76.2% | |
| Finance lease liability | 4.00M-20.0% | 5.00M-37.5% | 8.00M-33.3% | 12.0M+500.0% | 2.00M-88.9% | |
| Deferred tax liabilities | 205M+3.5% | 198M-15.0% | 233M-31.5% | 340M+690.7% | 43.0M-4.4% | |
| Other non-current liabilities | 146M+39.0% | 105M-17.3% | 127M+14.4% | 111M+56.3% | 71.0M-33.0% | |
| 3.41B+15.4% | 2.95B+42.6% | 2.07B-2.6% | 2.13B-8.4% | 2.32B+49.1% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Common stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 3.30B-0.3% | 3.31B+28.5% | 2.57B+0.5% | 2.56B-0.1% | 2.56B+37.9% | |
| Retained earnings | 517M+140.5% | 215M+2054.5% | -11.0M+93.3% | -164M+30.8% | -237M+16.5% | |
| Accumulated other comprehensive income | -405M+28.6% | -567M-15.7% | -490M-83.5% | -267M | — | |
| Total equity incl. non-controlling | — | — | 2.07B-2.6% | 2.13B-8.4% | 2.32B+49.1% | |
| Total liabilities & equity | 8.94B+9.6% | 8.15B+7.4% | 7.59B-6.2% | 8.09B+56.8% | 5.16B+26.9% | |
| Common shares issued | 416M+0.9% | 412M+16.6% | 353M+0.9% | 350M+3.9% | 337M+33.7% | |
| Shares outstanding (cover) | 431M+3.6% | 416M+13.7% | 366M+4.1% | 352M+0.8% | 349M+15.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 759M+22.4% | 620M+20.6% | 514M+90.4% | 270M+48.4% | 182M-63.3% | ||
| Depreciation & amortization | 327M+8.3% | 302M-0.3% | 303M-0.3% | 304M+50.5% | 202M-23.2% | |
| Intangible amortization | 242M+9.0% | 222M-0.9% | 224M-1.3% | 227M+78.7% | 127M-30.2% | |
| Share-based compensation | 44.0M+37.5% | 32.0M+10.3% | 29.0M+61.1% | 18.0M+50.0% | 12.0M+140.0% | |
| Deferred income taxes | 14.0M+151.9% | -27.0M+15.6% | -32.0M+31.9% | -47.0M-883.3% | 6.00M+108.1% | |
| Change in receivables | 57.0M+2750.0% | 2.00M-97.1% | 69.0M-53.4% | 148M+49.5% | 99.0M+182.5% | |
| Change in inventory | -6.00M+33.3% | -9.00M+30.8% | -13.0M-143.3% | 30.0M+1400.0% | 2.00M+118.2% | |
| Change in payables | 5.00M-68.8% | 16.0M+214.3% | -14.0M-119.7% | 71.0M-9.0% | 78.0M+425.0% | |
| -254M+69.4% | -829M-620.9% | -115M+96.0% | -2.90B-2297.5% | -121M+64.4% | ||
| Capital expenditure | 96.0M+14.3% | 84.0M-2.3% | 86.0M+8.9% | 79.0M+43.6% | 55.0M+44.7% | |
| Free cash flow | 663M+23.7% | 536M+25.2% | 428M+124.1% | 191M+50.4% | 127M-72.3% | |
| Acquisitions | 186M-76.1% | 778M+837.3% | 83.0M-97.1% | 2.84B+3201.2% | 86.0M-73.0% | |
| -121M-149.4% | 245M+146.1% | -532M-130.3% | 1.76B+91.5% | 917M+826.3% | ||
| Long-term debt issued | 0.00-100.0% | 850M | 0.00-100.0% | 1.10B+69.8% | 650M+160.0% | |
| Long-term debt repaid | 7.00M-98.4% | 437M-9.7% | 484M+1323.5% | 34.0M-89.4% | 321M+1428.6% | |
| Common stock issued | 0.00-100.0% | 458M | 0.00-100.0% | 797M | 0.00 | |
| Common stock repurchased | 75.0M | 0.00-100.0% | 41.0M-6.8% | 44.0M | 0.00-100.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | 0.00+100.0% | -5.00M | 0.00 | 0.00 | — | |
| FX effect on cash | — | — | — | — | -2.00M-150.0% | |
| Net change in cash | 412M+1861.9% | 21.0M+116.5% | -127M+85.6% | -884M-190.6% | 976M+276.8% | |
| Interest paid | 136M-10.5% | 152M+1.3% | 150M+25.0% | 120M+192.7% | 41.0M-12.8% | |
| Income taxes paid | 111M+9.9% | 101M+6.3% | 95.0M+120.9% | 43.0M-34.8% | 66.0M+127.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 14.9B+49.0% | 9.98B+22.5% | 8.15B+85.2% | 4.40B-18.6% | 5.40B+77.7% | |
| P/E | 49.3×+23.4% | 39.9×-26.5% | 54.3×-18.5% | 66.7×-42.0% | 114.9× | |
| P/S | 1.9×+32.2% | 1.4×+19.9% | 1.2×+60.8% | 0.7×-46.2% | 1.4×+61.8% | |
| P/B | 4.4×+29.1% | 3.4×-7.4% | 3.7×+78.4% | 2.0×-12.0% | 2.3×+19.2% | |
| P/FCF | 22.4×+20.5% | 18.6×-26.4% | 25.3×-28.7% | 35.5×-16.6% | 42.5×+540.8% | |
| Earnings yield | 2.0%-18.9% | 2.5%+36.1% | 1.8%+22.7% | 1.5%+72.4% | 0.87% | |
| FCF yield | 4.5%-17.0% | 5.4%+35.9% | 4.0%+40.2% | 2.8%+19.9% | 2.4%-84.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: APG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all APG filings on SEC EDGAR → Not investment advice.