APi Group Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $7.9B | $7.0B | $6.9B | $6.6B | $3.9B |
| Cost of revenue | $5.4B | $4.8B | $5.0B | $4.8B | $3.0B |
| Gross profit | $2.5B | $2.2B | $1.9B | $1.7B | $939.0M |
| Selling, general & administrative | $1.9B | $1.7B | $1.6B | $1.6B | $803.0M |
| Operating income | $554.0M | $484.0M | $359.0M | $162.0M | $136.0M |
| Interest expense | — | — | $145.0M | $125.0M | $60.0M |
| Pretax income | $413.0M | $330.0M | $232.0M | $93.0M | $79.0M |
| Income tax expense | $111.0M | $80.0M | $79.0M | $20.0M | $32.0M |
| Net income | $302.0M | $250.0M | $153.0M | $73.0M | $47.0M |
| Balance Sheet | |||||
| Cash and equivalents | $912.0M | $499.0M | $479.0M | $605.0M | $1.2B |
| Current assets | $3.2B | $2.7B | $2.6B | $2.7B | $2.6B |
| Total assets | $8.9B | $8.2B | $7.6B | $8.1B | $5.2B |
| Current liabilities | $2.1B | $1.9B | $1.8B | $1.9B | $867.0M |
| Total liabilities | $5.5B | $5.2B | $4.7B | $5.2B | $2.8B |
| Total debt | $2.8B | $2.8B | $2.4B | $2.8B | $1.8B |
| Stockholders' equity | $3.4B | $3.0B | $2.1B | $2.1B | $2.3B |
| Cash Flow Statement | |||||
| Cash from operations | $759.0M | $620.0M | $514.0M | $270.0M | $182.0M |
| Depreciation and amortization | $85.0M | $80.0M | $79.0M | $77.0M | $75.0M |
| Stock-based compensation | $44.0M | $32.0M | $29.0M | $18.0M | $12.0M |
| Capital expenditure | $96.0M | $84.0M | $86.0M | $79.0M | $55.0M |
| Free cash flow | $663.0M | $536.0M | $428.0M | $191.0M | $127.0M |
| Share repurchases | $75.0M | $0 | $41.0M | $44.0M | $0 |
| Impairments | $0 | $1.0M | $6.0M | — | — |
Shares outstanding 433.2M · Free float 60.2%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.