APi Group Income Statement
APG / Industrials|8 years of annual SEC 10-K data (FY2018-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 8 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$7.9B
FY2025
Gross Profit
$2.5B
31.4% gross margin
Operating Income
$554M
FY2025
Net Income
$302M
FY2025
APi Group reported $7.9B in revenue and $302M in net income for FY2025. Revenue has grown at a 11.3% compound annual rate over the past 7 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.9B | $7.0B | $6.9B | $6.6B | $3.9B | $3.6B | $985.0M | $3.7B |
| Cost of Revenue | $5.4B | $4.8B | $5.0B | $4.8B | $3.0B | $2.8B | $787.0M | $2.9B |
| Gross Profit | $2.5B | $2.2B | $1.9B | $1.7B | $939.0M | $756.0M | $198.0M | $787.0M |
| SG&A Expense | $1.9B | $1.7B | $1.6B | $1.6B | $803.0M | $725.0M | $359.0M | $625.0M |
| Operating Income | $554.0M | $484.0M | $359.0M | $162.0M | $136.0M | -$166.0M | -$161.0M | $162.0M |
| Interest Expense | - | - | $145.0M | $125.0M | $60.0M | $52.0M | $15.0M | $22.0M |
| Income Tax | $111.0M | $80.0M | $79.0M | $20.0M | $32.0M | -$31.0M | $2.0M | $10.0M |
| Net Income | $302.0M | $250.0M | $153.0M | $73.0M | $47.0M | -$153.0M | -$153.0M | $136.0M |
| EPS (Basic) | -$0.69 | -$0.56 | -$0.67 | -$2.21 | -$0.67 | -$2.21 | -$1.15 | - |
| EPS (Diluted) | -$0.69 | -$0.56 | -$0.67 | -$2.21 | -$0.67 | -$2.21 | -$1.15 | - |
| Shares Outstanding | 415.7M | 401.5M | 206.0M | 169.0M | 205.8M | 169.5M | 133.0M | - |
| Gross Margin | 31.4% | 31.0% | 28.0% | 26.1% | 23.8% | 21.1% | 20.1% | 21.1% |
| Operating Margin | 7.0% | 6.9% | 5.2% | 2.5% | 3.5% | -4.6% | -16.3% | 4.3% |
| Profit Margin | 3.8% | 3.6% | 2.2% | 1.1% | 1.2% | -4.3% | -15.5% | 3.6% |