Company / Cost of Revenue
APi Group Cost of Revenue History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$5.4B
FY2025
5-year range
$3.0B / $5.4B
FY2021-FY2025
Trend
+12.1%
vs FY2024
Sector context
#49 of 245
Industrials
What the data says
APi Group's cost of revenue of $5.4B is higher than 80% of companies in the Industrials sector (FY2025). Cost of Revenue has fluctuated over the past 8 years, ranging from $787M in FY2019 to $5.4B in FY2025.
Based on SEC 10-K filings.
$5.4B in FY2025 with a 5-year CAGR of +13.9%. Top quartile in the Industrials sector.
Increased from $5.0B to $5.4B over the past 2 years.
Industrials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +3.8%
- 5-Year CAGR
- +13.9%
- 10-Year CAGR
- -
Sector benchmark
+24.9% above sector average
Key checks
Key Insights
- 5-year CAGR of +13.9%, indicating consistent growth.
- In FY2025, cost of revenue increased 12.1% year-over-year.
- Ranks #49 out of 245 companies in the Industrials sector.
- Lowest cost of revenue in the period was in FY2019.
Company context
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $5.4B | +12.1% |
| FY2024 | $4.8B | -3.0% |
| FY2023 | $5.0B | +3.0% |
| FY2022 | $4.8B | +61.4% |
| FY2021 | $3.0B | +6.0% |
| FY2020 | $2.8B | +259.7% |
| FY2019 | $787.0M | -73.2% |
| FY2018 | $2.9B | - |
As of FY2025 · SEC Form 10-K · Last checked Jul 2, 2026