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	Sep '26 Sep 30, 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
Operating Revenue	8,907	7,911	7,018	6,928	6,558	3,940
Revenue	8,907	7,911	7,018	6,928	6,558	3,940
Revenue Growth	16.36%	12.72%	1.30%	5.64%	66.45%	9.84%
Cost of Revenue	6,136	5,424	4,840	4,988	4,844	3,001
Gross Profit	2,771	2,487	2,178	1,940	1,714	939
Selling, General & Admin	1,712	1,604	1,480	1,353	1,192	803
Amortization of Goodwill & Intangibles	268	228	216	197	197	-
Operating Expenses	1,980	1,832	1,696	1,550	1,389	803
Operating Income	791	655	482	390	325	136
Interest Expense	-143	-141	-146	-145	-125	-60
Interest & Investment Income	6	8	8	-	8	12
Earnings From Equity Investments	10	13	8	7	3	3
Currency Exchange Gain (Loss)	-3	-2	-2	1	-2	-3
EBT Excluding Unusual Items	661	533	350	253	209	88
Merger & Restructuring Charges	-168	-120	-20	-7	-121	-
Gain (Loss) on Sale of Investments	-	-	-	-2	-	-
Asset Writedown	-	-	-	-12	-	-
Other Unusual Items	-	-	-	-	5	-9
Pretax Income	493	413	330	232	93	79
Income Tax Expense	126	111	80	79	20	32
Net Income	367	302	250	153	73	47
Preferred Dividends & Other Adjustments	597	590	474	314	50	184
Net Income to Common	-230	-288	-224	-161	23	-137
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	428	416	402	353	350	309
Shares Outstanding (Diluted)	428	416	402	353	399	309
Shares Change	1.47%	3.54%	13.84%	-11.63%	29.32%	21.40%
EPS (Basic)	-0.54	-0.69	-0.56	-0.46	0.07	-0.44
EPS (Diluted)	-0.54	-0.69	-0.56	-0.46	0.07	-0.44
EPS Growth	-	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	673	663	536	428	191	127
Free Cash Flow Per Share	1.57	1.59	1.33	1.21	0.48	0.41
Gross Margin	31.11%	31.44%	31.03%	28.00%	26.14%	23.83%
Operating Margin	8.88%	8.28%	6.87%	5.63%	4.96%	3.45%
Profit Margin	-2.58%	-3.64%	-3.19%	-2.32%	0.35%	-3.48%
Free Cash Flow Margin	7.56%	8.38%	7.64%	6.18%	2.91%	3.22%
EBITDA	1,153	982	784	693	629	338
EBITDA Margin	12.95%	12.41%	11.17%	10.00%	9.59%	8.58%
D&A For EBITDA	362	327	302	303	304	202
EBIT	791	655	482	390	325	136
EBIT Margin	8.88%	8.28%	6.87%	5.63%	4.96%	3.45%
Effective Tax Rate	25.56%	26.88%	24.24%	34.05%	21.50%	40.51%

SEC Filings: 10-K · 10-Q