APi Group Corporation (APG)

APi Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	7,136	7,018	6,928	6,558	3,940	3,587
Revenue	7,136	7,018	6,928	6,558	3,940	3,587
Revenue Growth (YoY)	3.20%	1.30%	5.64%	66.45%	9.84%	-12.34%
Cost of Revenue	4,908	4,840	4,988	4,844	3,001	2,831
Gross Profit	2,228	2,178	1,940	1,714	939	756
Selling, General & Admin	1,532	1,487	1,353	1,192	803	721
Operating Expenses	1,755	1,703	1,550	1,389	803	721
Operating Income	473	475	390	325	136	35
Interest Expense	-150	-146	-145	-125	-60	-52
Interest & Investment Income	9	9	5	8	12	8
Earnings From Equity Investments	6	8	7	3	3	14
Currency Exchange Gain (Loss)	-1	-2	1	-2	-3	12
EBT Excluding Unusual Items	337	344	258	209	88	17
Merger & Restructuring Charges	-23	-13	-7	-121	-	-
Impairment of Goodwill	-	-	-	-	-	-197
Asset Writedown	-	-	-12	-	-	-
Other Unusual Items	-1	-1	-7	5	-9	-4
Pretax Income	313	330	232	93	79	-184
Income Tax Expense	73	80	79	20	32	-31
Net Income	240	250	153	73	47	-153
Preferred Dividends & Other Adjustments	99	474	314	50	184	222
Net Income to Common	141	-224	-161	23	-137	-375
Net Income Growth	39.53%	63.40%	109.59%	55.32%	-	-
Shares Outstanding (Basic)	275	268	235	233	206	169
Shares Outstanding (Diluted)	275	268	235	266	206	169
Shares Change (YoY)	14.99%	13.84%	-11.63%	29.32%	21.40%	27.43%
EPS (Basic)	0.51	-0.84	-0.68	0.10	-0.67	-2.21
EPS (Diluted)	0.51	-0.84	-0.68	0.10	-0.67	-2.21
Free Cash Flow	601	536	428	191	127	458
Free Cash Flow Per Share	2.19	2.00	1.82	0.72	0.62	2.70
Gross Margin	31.22%	31.03%	28.00%	26.14%	23.83%	21.08%
Operating Margin	6.63%	6.77%	5.63%	4.96%	3.45%	0.98%
Profit Margin	1.98%	-3.19%	-2.32%	0.35%	-3.48%	-10.45%
Free Cash Flow Margin	8.42%	7.64%	6.18%	2.91%	3.22%	12.77%
EBITDA	786	777	693	629	338	298
EBITDA Margin	11.02%	11.07%	10.00%	9.59%	8.58%	8.31%
D&A For EBITDA	313	302	303	304	202	263
EBIT	473	475	390	325	136	35
EBIT Margin	6.63%	6.77%	5.63%	4.96%	3.45%	0.98%
Effective Tax Rate	23.32%	24.24%	34.05%	21.50%	40.51%	-

Updated May 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q