How APi Group makes money

Period

FY2025

How does APi Group make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

APi Group Corporation · FY2025 · year ended 2025-12-31

Revenue$7.9BGross profit$2.5B · 31%Cost of revenue$5.4B · 69%Operating income$554M · 7%Operating expenses$1.9B · 24%SG&A$1.9B · 24%Pre-tax income$413M · 5%Other expense$141M · 2%Net income$302M · 4%Income tax$111M · 1%Life Safety$5.5B · 69%Specialty Contracting$1.1B · 14%Infrastructure & Utility$1.0B · 13%Fabrication & Distribution$342M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.