APi Group (NYSE:APG) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

APi Group (NYSE:APG) announced its quarterly earnings data on Wednesday. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04, FiscalAI reports. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year.

Here are the key takeaways from APi Group’s conference call:

• APi reported that it achieved its prior 13/60/80 targets for 2025 (revenue growth, margin, and free cash flow conversion) and set new long‑term targets of 10/16/60+ through 2028 (>$10B revenue, 16%+ adjusted EBITDA margin, 60%+ inspection/service/monitoring).
• Record 2025 operating performance — full‑year net revenue of $7.9B, Q4 net revenue $2.12B (+13.8% YoY), Q4 adjusted EBITDA margin 13.9%, adjusted diluted EPS $0.44 (+29%), and record adjusted free cash flow of $836M (80% conversion).
• 2026 guidance targets $8.4B–$8.6B in revenue (≈5% organic at midpoint), adjusted EBITDA $1.14B–$1.2B (13.8% margin at midpoint) and continued strong free cash flow conversion (~75% of EBITDA), implying further margin expansion.
• M&A remains a strategic priority — APi deployed roughly $580M across 33 bolt‑ons (2023–2025), closed CertaSite in Feb‑2026, sees a robust pipeline including larger opportunities, and exits Q4 with conservative leverage (~1.6x net debt/EBITDA) to fund deals.
• Management flagged sensitivity to project revenue mix — increasing exposure to data centers (≈5% of revenue in 2024 → ~8% in 2025 → ~10% expected in 2026) and a wide guidance range reflect dependence on project/backlog variability that could pressure results if demand softens.

APi Group Price Performance

Shares of NYSE APG traded down $0.53 during mid-day trading on Thursday, reaching $44.23. 164,522 shares of the company traded hands, compared to its average volume of 2,413,267. APi Group has a fifty-two week low of $20.50 and a fifty-two week high of $46.89. The firm has a market cap of $18.40 billion, a PE ratio of 121.22 and a beta of 1.70. The stock has a fifty day simple moving average of $42.01 and a 200-day simple moving average of $38.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd. Truist Financial upped their price target on shares of APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup reaffirmed a “buy” rating and issued a $49.00 price objective (up from $45.00) on shares of APi Group in a report on Monday, January 12th. Finally, Barclays boosted their target price on shares of APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.67.

Insider Transactions at APi Group

In other news, Director Anthony E. Malkin purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of $39.58 per share, with a total value of $118,740.00. Following the purchase, the director owned 7,000 shares in the company, valued at $277,060. This trade represents a 75.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 17.00% of the company’s stock.

Institutional Trading of APi Group

Several institutional investors have recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in APi Group during the first quarter worth about $650,000. Goldman Sachs Group Inc. boosted its position in shares of APi Group by 73.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock valued at $6,369,000 after purchasing an additional 75,490 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of APi Group by 547.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock valued at $65,000 after purchasing an additional 1,078 shares in the last quarter. First Trust Advisors LP grew its stake in shares of APi Group by 166.5% in the 2nd quarter. First Trust Advisors LP now owns 173,569 shares of the company’s stock worth $8,861,000 after purchasing an additional 108,447 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in shares of APi Group by 5.7% in the 2nd quarter. Cresset Asset Management LLC now owns 11,305 shares of the company’s stock worth $577,000 after purchasing an additional 612 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Key Headlines Impacting APi Group

Here are the key news stories impacting APi Group this week:

• Positive Sentiment: Truist raises price target to $53 and rates APG a “buy,” implying ~16.8% upside from the current price — a clear analyst endorsement that may support the stock. Truist raises PT to $53 (Benzinga)
• Positive Sentiment: APG beat Q4 EPS and revenue estimates (EPS $0.44 vs. ~$0.40 consensus; revenue $2.12B vs. ~$2.09B), and reported record quarterly and full-year results — evidence of continued top-line growth and margin progress. APi Group Reports Record Fourth Quarter and Full Year 2025 Financial Results (Business Wire)
• Positive Sentiment: Multiple outlets highlight APG’s upside vs. estimates and revenue growth in the quarter, reinforcing the market view that core operations are strengthening. APi Group beats fourth quarter estimates on revenue growth (Investing.com)
• Neutral Sentiment: Full Q4 earnings materials (transcripts and presentation) are available for investors to assess commentary on margins, M&A, and backlog — useful for modeling forward performance. APi Group Q4 2025 Earnings Call Transcript (Seeking Alpha)
• Neutral Sentiment: Analyst and media write-ups (Zacks, SeattlePI, MarketBeat/Yahoo) provide metric-level analysis and slide-deck details that help reconcile year-over-year comparisons and adjusted EBITDA margin commentary. APi Reports Q4 Earnings: Key Metrics (Zacks)
• Negative Sentiment: APG guided Q1 2026 revenue to roughly $1.9B–$2.0B vs. consensus near $2.1B (EPS guidance was not specified in the release). The lower-than-expected revenue outlook is the primary near-term negative catalyst pressuring the stock despite the quarterly beat.

About APi Group

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.