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APi Group Corporation (APG)
NYSE:APG
Earnings Data
Report Date
Apr 30, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
0.25Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: double-digit revenue growth, margin expansion, record free cash flow ($836M) with 80% conversion, low leverage (~1.6x), and active accretive M&A including new vertical expansion. Key strengths outweigh the cautions described: management highlighted material progress against long-term targets and a healthy backlog (> $4B). Principal risks discussed were project revenue timing/mix, a wide near-term guidance range, and slowing tailwinds for inspection growth as the base enlarges. Overall, the narrative is one of solid performance and confident execution tempered by reasonable conservatism around near-term project variability and macro sensitivity.Company Guidance
Strong Top-Line Growth
Full-year net revenues increased 13% year-over-year (approximately 8% organic). Reported Q4 net revenues were $2.12 billion, up 13.8% vs. prior-year Q4 with Q4 organic growth of 11.1%.
Record Free Cash Flow and High Conversion
Record adjusted free cash flow of $836 million for full-year 2025, up $168 million versus prior year, representing an 80% conversion on adjusted EBITDA (versus 55% in 2021).
Margin Expansion and Profitability Gains
Full-year adjusted EBITDA margin expanded to 13.2% (above 13% target and up from 10.3% in 2021). Q4 adjusted gross margin was 32.2% (up 110 basis points YoY) and Q4 adjusted EBITDA margin was 13.9% (up 90 basis points YoY).
Strong Segment Performance — Specialty & Safety
Safety Services organic growth ~7% for the year. Specialty Services delivered 10% organic growth for the year. Q4 Specialty Services revenue was $695 million, up 20.7% YoY; Q4 Specialty adjusted gross margin was 20.7% (up 190 bps) and segment earnings increased 40.7%.
Robust Backlog and Attractive End-Market Exposure
Backlog exceeds $4 billion. Data centers grew to ~8% of revenue at end of 2025 and are expected to be ~10% of total revenue in 2026, contributing multiple percentage points of growth and strong margin profile.
Active, Accretive M&A and Vertical Expansion
Deployed approximately $580 million across 33 bolt-on acquisitions (2023–2025) and completed 14 acquisitions in 2025. Established elevator & escalator service vertical (Elevated) and closed CertiCyte acquisition (Feb 2, 2026).
Strong Balance Sheet and Low Leverage
Net debt to adjusted EBITDA of approximately 1.6x at year-end, providing flexibility for strategic M&A and opportunistic capital deployment.
Recognition and Employee Investment
Recognized as a Military Friendly Employer for 2026 and emphasized ongoing investments in field training, leadership development and workforce well-being. Company to celebrate 100-year anniversary in 2026.
APG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
APG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $44.99 | $44.76 | -0.51% |
Oct 30, 2025 | $34.46 | $35.07 | +1.77% |
Jul 31, 2025 | $34.42 | $36.07 | +4.79% |
May 01, 2025 | $25.22 | $26.89 | +6.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does APi Group Corporation (APG) report earnings?
APi Group Corporation (APG) is schdueled to report earning on Apr 30, 2026, TBA (Confirmed).
What is APi Group Corporation (APG) earnings time?
APi Group Corporation (APG) earnings time is at Apr 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APG EPS forecast?
APG EPS forecast for the fiscal quarter 2026 (Q1) is 0.3.