APi Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	7,655	7,018	6,928	6,558	3,940	3,587
Revenue	7,655	7,018	6,928	6,558	3,940	3,587
Revenue Growth (YoY)	10.69%	1.30%	5.64%	66.45%	9.84%	-12.34%
Cost of Revenue	5,271	4,840	4,988	4,844	3,001	2,831
Gross Profit	2,384	2,178	1,940	1,714	939	756
Selling, General & Admin	1,600	1,487	1,353	1,192	803	721
Amortization of Goodwill & Intangibles	225	216	197	197	-	-
Operating Expenses	1,825	1,703	1,550	1,389	803	721
Operating Income	559	475	390	325	136	35
Interest Expense	-145	-146	-145	-125	-60	-52
Interest & Investment Income	9	9	5	8	12	8
Earnings From Equity Investments	12	8	7	3	3	14
Currency Exchange Gain (Loss)	-2	-2	1	-2	-3	12
Other Non Operating Income (Expenses)	5	-	-	-	-	-
EBT Excluding Unusual Items	438	344	258	209	88	17
Merger & Restructuring Charges	-75	-13	-7	-121	-	-
Impairment of Goodwill	-	-	-	-	-	-197
Asset Writedown	-	-	-12	-	-	-
Other Unusual Items	-1	-1	-7	5	-9	-4
Pretax Income	362	330	232	93	79	-184
Income Tax Expense	90	80	79	20	32	-31
Net Income	272	250	153	73	47	-153
Preferred Dividends & Other Adjustments	116	474	314	50	184	222
Net Income to Common	156	-224	-161	23	-137	-375
Net Income Growth	30.77%	63.40%	109.59%	55.32%	-	-
Shares Outstanding (Basic)	415	402	353	350	309	254
Shares Outstanding (Diluted)	422	402	353	399	309	254
Shares Change (YoY)	8.98%	13.84%	-11.63%	29.32%	21.40%	27.43%
EPS (Basic)	0.38	-0.56	-0.46	0.07	-0.44	-1.48
EPS (Diluted)	0.36	-0.56	-0.46	0.07	-0.44	-1.48
Free Cash Flow	572	536	428	191	127	458
Free Cash Flow Per Share	1.36	1.33	1.21	0.48	0.41	1.80
Gross Margin	31.14%	31.03%	28.00%	26.14%	23.83%	21.08%
Operating Margin	7.30%	6.77%	5.63%	4.96%	3.45%	0.98%
Profit Margin	2.04%	-3.19%	-2.32%	0.35%	-3.48%	-10.45%
Free Cash Flow Margin	7.47%	7.64%	6.18%	2.91%	3.22%	12.77%
EBITDA	882	777	693	629	338	298
EBITDA Margin	11.52%	11.07%	10.00%	9.59%	8.58%	8.31%
D&A For EBITDA	323	302	303	304	202	263
EBIT	559	475	390	325	136	35
EBIT Margin	7.30%	6.77%	5.63%	4.96%	3.45%	0.98%
Effective Tax Rate	24.86%	24.24%	34.05%	21.50%	40.51%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.