Api Group Corp
NYSE: APG · INDUSTRIALS · ENGINEERING & CONSTRUCTION
Updated 2026-06-05
Api Group Corp (APG) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2015 | $2.45B | $106.00M | 22.17% | 4.57% | 4.33% |
| 2016 | $2.61B | $104.00M | 23.16% | 4.06% | 3.99% |
| 2017 | $3.05B | $112.00M | 21.80% | 4.04% | 3.68% |
| 2018 | $3.73B | $136.00M | 21.11% | 4.35% | 3.65% |
| 2019 | $985.00M | $-153.00M | 20.10% | -16.35% | -15.53% |
| 2020 | $3.59B | $-153.00M | 21.08% | -4.63% | -4.27% |
| 2021 | $3.94B | $47.00M | 23.83% | 3.45% | 1.19% |
| 2022 | $6.56B | $73.00M | 26.14% | 2.47% | 1.11% |
| 2023 | $6.93B | $153.00M | 28.00% | 5.18% | 2.21% |
| 2024 | $7.02B | $250.00M | 31.03% | 6.90% | 3.56% |
| 2025 | $7.91B | $302.00M | 31.44% | 7.00% | 3.82% |
Frequently asked questions
What is Api Group Corp's revenue?
Api Group Corp's trailing twelve-month revenue is $8.17B, and consensus projects about $15.30B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is APG?
In its most recent fiscal year, APG ran a gross margin of 31.44%, an operating margin of 7.00%, and a net margin of 3.82%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does APG generate?
APG produced $663.00M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is APG's balance sheet healthy?
APG holds $912.00M in cash and equivalents against $2.75B in long-term debt, on $3.41B of shareholder equity. That debt is best read against the cash flow the business throws off each year.