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Companies / Industrials / APi Group Corp
APG

APi Group Corp

IndustrialsBusiness Services & Software
Ticker APGNEW BRIGHTON, MNFiscal year ends DecemberBook value per share $8.06Diluted shares 436.0M

APi Group Corporation (NYSE: APG) operates as a global, market-leading business services provider headquartered in New Brighton, Minnesota, with a substantial recurring revenue base and over 500 locations worldwide. The company maintains its corporate website at www.apigroupcorp.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$7.91B
+12.7% year over year
Last 12 mo $8.44B
7.00%
+0.1 percentage points
Last 12 mo 7.17%
$302.00M
+20.8% year over year
Last 12 mo $346.00M
8.86%
+0.4 percentage points
Last 12 mo 9.84%
Cash & financing
$759.00M
+22.4% year over year
Last 12 mo $782.00M
$663.00M
+23.7% year over year
Last 12 mo $676.00M
0.90
Was 1.03× a year earlier
Last 12 mo 1.09
415.7M
+55.3% year over year
Last 12 mo 436.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What APi Group Corp does

In the company’s own words

APi Group Corporation (NYSE: APG) operates as a global, market-leading business services provider headquartered in New Brighton, Minnesota, with a substantial recurring revenue base and over 500 locations worldwide. The company maintains its corporate website at www.apigroupcorp.com.

The company provides fire and life safety, security, elevator and escalator, and specialty services to a diverse customer base across multiple industries. APi Group operates through two reportable segments: Safety Services and Specialty Services. The Safety Services segment is a leading provider of safety services in North America, Europe, and Asia-Pacific, focusing on fire protection solutions, electronic security systems, and elevators and escalators, including design, installation, inspection, service, and monitoring. The Specialty Services segment provides specialty contracting, fabrication and distribution, and infrastructure and utility services throughout North America. Both segments serve customers across high tech services, advanced manufacturing, healthcare, fulfillment and distribution centers, and critical infrastructure end markets.

The company employs approximately 29,000 team members globally and serves a diverse customer base with no single customer accounting for more than five percent of total revenues. APi Group maintains long-standing relationships with blue-chip customers ranging from Fortune 500 companies to single-location operations across both public and private sectors.

The company's business model emphasizes recurring revenue through inspection, service, and monitoring activities, which are often mandated by legislation or insurance requirements. This inspection-first go-to-market strategy differentiates APi Group from competitors and creates sticky customer relationships with predictable cash flows. The company has completed 140 acquisitions since 2005 as part of its disciplined acquisition strategy targeting businesses that align with strategic priorities and demonstrate key value drivers.

APi Group operates a decentralized organizational structure designed to improve speed and responsiveness to customers while empowering subsidiary leadership to drive business performance. The company emphasizes leadership development through its Building Great Leaders program and maintains a strong safety culture reflected in its OSHA recordable rate of 0.87 per one hundred employees per year, considerably below industry averages.

Company details
Sector
Industrials
Industry (SIC)
Business Services & Software
Headquarters
NEW BRIGHTON, MN
Fiscal year end
December
CIK
1796209
SIC
7340

Financial performance, year by year

Fiscal 2020–2025 · USD
$-1.01B$1.57B$4.14B$6.72B$9.30B202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns APi Group Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

493
funds hold it
1 of 35
superinvestors hold it
$7.27B
held by funds, at market
39.4%
of shares held by funds
3
bond issues held by funds

Superinvestors in APi Group Corp · what they did last quarter

Daniel LoebINCREASED +41.1%
Third Point
2.6%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · APi Group Corp’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.45%of fund net assets
Janus Henderson Enterprise Fund
JAENX · Janus Investment Fund
2.49%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
1.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.20%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

APi Group Corp’s bonds, as funds hold them

Funds report holding 3 issues of APi Group Corp’s debt, $282.03M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.93%, maturing 2029 to 2034.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do APi Group Corp and its peers compare on margins and cash generation over ten years?”
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