APi Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8,174	7,911	7,018	6,928	6,558	3,940
Revenue Growth (YoY)	14.55%	12.72%	1.30%	5.64%	66.45%	9.84%
Cost of Revenue	5,609	5,424	4,840	4,988	4,844	3,001
Gross Profit	2,565	2,487	2,178	1,940	1,714	939
Selling, General & Admin	1,992	1,933	1,694	1,581	1,552	803
Total Operating Expenses	1,992	1,933	1,694	1,581	1,552	803
Operating Income	573	554	484	359	162	136
Interest Expense	-133	-141	-146	-145	-125	-60
Other Non-Operating Income (Expense)	-143	-141	-162	-109	-115	-78
Total Non-Operating Income (Expense)	-276	-282	-308	-254	-240	-138
Pretax Income	438	413	330	232	93	79
Provision for Income Taxes	114	111	80	79	20	32
Net Income	-268	-288	-224	-161	29	-137
Net Income Attributable to Preferred Dividends	-592	-590	-474	-314	-44	-184
Net Income to Common	-268	-288	-224	-161	29	-137
Shares Outstanding (Basic)	420	416	402	353	350	309
Shares Outstanding (Diluted)	427	416	402	353	399	309
Shares Change (YoY)	3.06%	3.54%	13.84%	-11.63%	29.17%	21.89%
EPS (Basic)	-0.70	-0.69	-0.56	-0.46	0.07	-0.45
EPS (Diluted)	-0.71	-0.69	-0.56	-0.46	0.07	-0.45
Shares Outstanding	439.23	421.92	412.17	353.36	350.11	336.94
Free Cash Flow	680	663	536	428	191	127
Free Cash Flow Growth	2.56%	23.69%	25.23%	124.08%	50.39%	-72.27%
Free Cash Flow Per Share	1.59	1.59	1.33	1.21	0.48	0.41
Gross Margin	31.38%	31.44%	31.03%	28.00%	26.14%	23.83%
Operating Margin	7.01%	7.00%	6.90%	5.18%	2.47%	3.45%
Profit Margin	3.96%	3.82%	3.56%	2.21%	1.11%	1.19%
FCF Margin	8.32%	8.38%	7.64%	6.18%	2.91%	3.22%
EBITDA	904	881	786	662	466	338
EBITDA Margin	11.06%	11.14%	11.20%	9.56%	7.11%	8.58%
EBIT	573	554	484	359	162	136
EBIT Margin	7.01%	7.00%	6.90%	5.18%	2.47%	3.45%
Effective Tax Rate	26.03%	26.88%	24.24%	34.05%	21.51%	40.51%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q