APi Group
Runs inspection-led fire safety, security, elevator, and specialty service businesses.
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Profile
Provides fire protection, electronic security, elevator and escalator systems through Safety Services, plus specialty contracting and infrastructure work through Specialty Services. Recurring inspection, service, and monitoring relationships are supported by installation work, while the acquisition-led model depends on renewals, skilled labor, integration, and financing.
Provides fire protection, electronic security, elevator and escalator systems through Safety Services, spanning design, installation, inspection, service, and monitoring across North America, Europe, and Asia-Pacific. Specialty Services adds specialty contracting, fabrication, distribution, infrastructure, and utility work, principally in North America.
Builds recurring customer relationships by pairing installation and project work with contractual inspection, service, and monitoring. Local operating companies retain their identities and customer ties while using group resources and leadership development.
Depends on regulation-driven demand, customer renewals, skilled labor, disciplined project selection, and conversion of installed systems into service work. Continued portfolio expansion also requires finding, financing, and integrating acquisitions while managing substantial debt.
Company facts
Categories
Key statistics
Year to date +1.8% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Wells Fargo | Initiate | Overweight | $53 | ||
| Jul 31, 2026 | Robert W. Baird | Target | $52 | $47 | ||
| Jul 20, 2026 | UBS | Target | $49 | $52 | ||
| May 7, 2026 | Barclays | Reiterate | Overweight | $44 | $54 | |
| May 1, 2026 | Robert W. Baird | Target | $43 | $52 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.43 | $0.44 | +1.3% | $2.20B | $2.25B | +2.2% | +1.95% |
| Apr 30, 2026Q1 FY26 | $0.30 | $0.32 | +6.7% | $1.92B | $1.98B | +3.1% | +0.48% |
| Feb 25, 2026Q4 FY25 | $0.41 | $0.44 | +6.5% | $2.09B | $2.12B | +1.2% | +0.83% |
| Oct 30, 2025Q3 FY25 | $0.39 | $0.41 | +5.1% | $2.09B | $2.09B | −0.4% | +4.99% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.72B | $1.99B | $2.09B | $2.12B | $1.98B | $2.25B | |
| Gross profit | $485.0M | $615.0M | $592.0M | $618.0M | $557.0M | $703.0M | |
| Operating income | $87.0M | $143.0M | $161.0M | $92.0M | $149.0M | $175.0M | |
| Net income | $35.0M | $77.0M | $93.0M | $97.0M | $57.0M | $99.0M | |
| Diluted EPS | $0.07 | $0.16 | $0.20 | −$1.19 | $0.12 | $0.20 | |
| Gross margin | 28.2% | 30.9% | 28.4% | 29.2% | 28.1% | 31.2% | |
| Operating margin | 5.1% | 7.2% | 7.7% | 4.3% | 7.5% | 7.8% |
Fiscal years (4-quarter sums)FY21 $3.94B · FY22 $6.56B · FY23 $6.93B · FY24 $7.02B · FY25 $7.91B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $851.0M · Total debt $3.84B · Total assets $9.95B · Shareholders' equity $3.52B
Dividends
No dividends on record.
Ownership
Shares outstanding 432.16M · Float 354.11M · 81.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Sir Martin E. Franklin | 50.43M | 11.50% | 13D | May 6, 2026 |
| BlackRock, Inc. | 36.19M | 8.37% | 13F | Aug 7, 2026 |
| Jupiter Topco LLC | 23.58M | 5.46% | 13F | Aug 14, 2026 |
| Janus Henderson Group PLC | 22.23M | 5.30% | 13G | Nov 14, 2025 |
| Martin E. Franklin · director, 10 percent owner: | 19.24M | 4.45% | Form 4 | Jun 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Ian G. H. Ashken | director | −85,072 | $40.36 |
| Aug 3, 2026 | Ian G. H. Ashken | director | −214,928 | $39.91 |
| Aug 3, 2026 | James E. Lillie | director | −360,000 | $39.84 |
| Jun 17, 2026 | Anthony E. Malkin | director | −7,000 | $42.47 |
| Jun 11, 2026 | Martin E. Franklin | director, 10 percent owner: | −2,000,000 | $42.08 |
Peers
- Johnson Controls
Building systems, fire protection and security lifecycle services
- EMCOR Group
Specialty contractor spanning MEP, fire protection and facility services
- Cintas
Recurring fire-safety inspections and monitoring for commercial sites
- Quanta Services
Designs, builds and maintains electric, gas, pipeline and telecom infrastructure
- Otis
Global elevator and escalator service and modernization provider
- MasTec
Power, pipeline and communications infrastructure engineering and construction
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| APi Group | $39.65 | −0.11% | $17.15B | — | 21.5 | 2.0 | +13.3% |
| Johnson Controls | $139.59 | +0.01% | $84.56B | 24.3 | 24.2 | 3.4 | +9.3% |
| EMCOR Group | $736.60 | −0.41% | $32.65B | 23.1 | 21.2 | 1.8 | +19.8% |
| Cintas | $198.36 | −2.86% | $81.71B | 41.6 | 37.1 | 7.3 | +8.9% |
| Quanta Services | $603.00 | +0.10% | $90.61B | 69.0 | 33.5 | 2.8 | +41.1% |
| Otis | $71.74 | +0.01% | $27.31B | 18.4 | 16.9 | 1.8 | +7.3% |
| MasTec | $244.44 | +1.48% | $19.35B | 38.4 | 21.8 | 1.2 | +23.4% |
| Median | 31.4 | 23.0 | 2.3 | +14.5% |