APi Group Corporation (APG) Stock Price & Analysis
APi Group Corporation (APG) closed at USD 38.8 on Thursday, October 22, 2026, down 3.51% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 40.21; the Oct 22, 2026 session ranged USD 38.58–39.88 on volume of 3,633,773 shares. Market capitalization is $16.77B, with a 52-week range of USD 33.52–49.99 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:14 UTC.
Also available as compact Markdown for AI agents: nexqual.com/APG.md
Key facts (APG)
- Last four reported quarters (through Jun 30, 2026): revenue $8.44B, net income $346M (4.1% margin), free cash flow $676M (SEC filings).
- Valuation: P/E 48.5x (avg 48.1x at the last 3 fiscal year-ends), EV/EBITDA 28.2x, net debt $2.67B.
- Earnings quality: non-operating income -$137M vs operating income $605M over the last four quarters; P/E excluding non-operating income ≈37.5x (estimate: non-operating income taxed at the company's 26.1% effective rate).
- 3 of 80 tracked superinvestors hold APG (13F, Q2 2026): 0 new, 1 added, 1 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $176M; 2 not under a Rule 10b5-1 plan ($84.5M); 0 by opportunistic insiders, 4 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.73 on a 1–5 scale) (11 analysts), mean target USD 52.45 (range 47–55).
- Total return with dividends: 1Y +12.4% vs S&P 500 +14.9%; 5Y +169.7% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.47, revenue estimate $2.40B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (APG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.94B | $6.56B | $6.93B | $7.02B | $7.91B | $8.44B |
| Gross profit | $939M | $1.71B | $1.94B | $2.18B | $2.49B | — |
| Operating income | $136M | $162M | $359M | $484M | $554M | $605M |
| Net income | $47.0M | $73.0M | $153M | $250M | $302M | $346M |
| EPS (diluted) | -$0.45 | $0.07 | -$0.46 | -$0.56 | -$0.69 | — |
| Free cash flow | $127M | $191M | $428M | $536M | $663M | $676M |
| Gross margin | 23.8% | 26.1% | 28.0% | 31.0% | 31.4% | — |
| Operating margin | 3.5% | 2.5% | 5.2% | 6.9% | 7.0% | 7.2% |
| Net margin | 1.2% | 1.1% | 2.2% | 3.6% | 3.8% | 4.1% |
| Revenue growth | +9.8% | +66.4% | +5.6% | +1.3% | +12.7% | — |
| Cash + short-term investments | $1.19B | $605M | $479M | $499M | $912M | — |
| Total debt | $1.77B | $2.79B | $2.33B | $2.75B | $2.76B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (APG)
P/E 48.5x · P/E ex non-operating (est.) ≈37.5x · P/S 2.0x · EV/EBITDA 28.2x · EV/Sales 2.3x · P/FCF 24.8x · P/B 4.8x · FCF yield 4.03% · Earnings yield 2.06% · Buyback yield (TTM) 0.39% · Net debt $2.67B · EV $19.4B
P/E at fiscal year-ends: Dec 2025 52.7x, Dec 2024 38.5x, Dec 2023 53.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (APG)
3 of 80 tracked investors hold APG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Henry Ellenbogen | Durable Capital Partners | 5.00% | $514M | Reduced -17.9% |
| Daniel Loeb | Third Point | 2.61% | $121M | Added +41.1% |
| Mairs & Power | Mairs & Power Funds | 0.02% | $2.5M | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (APG)
4 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-03…2026-08-04 | Ashken Ian G H | Director | 300,000 | $12.0M | 3% | Yes | Routine (sold in Aug each year 2023–2025) |
| 2026-08-03 | Lillie James E | Director | 360,000 | $14.3M | 3.4% | Yes (adopted May 9, 2025) | Routine (sold in Aug each year 2023–2025) |
| 2026-06-17 | Malkin Anthony E | Director | 7,000 | $297K | 2.2% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-11 | Franklin Martin E | Director | 2,000,000 | $84.2M | 8.3% | No | Too little history (no open-market trades in 2023) |
| 2026-05-04…2026-05-05 | Ashken Ian G H | Director | 1,084,000 | $48.5M | 9.9% | Yes | Routine (sold in Aug each year 2023–2025; this trade is outside those months) |
| 2026-05-04…2026-05-05 | Lillie James E | Director | 360,000 | $16.2M | 3.3% | Yes (adopted May 9, 2025) | Routine (sold in Aug each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (APG)
Consensus Buy (mean 1.73 on a 1–5 scale), 11 analysts; mean target USD 52.45 (low 47, high 55).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Citigroup | Target raised | Buy | $54 → $55 |
| 2026-08-04 | Wells Fargo | Initiated | Overweight | $53 |
| 2026-07-31 | Citigroup | Target raised | Buy | $53 → $54 |
Total return (dividends reinvested) (APG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +12.4% | +169.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +12.4% | +21.9% |
| Volatility (annualized) | 29.9% | 30.9% |
| Max drawdown | -25.6% (Apr 2026→Sep 2026) | -48.5% (Dec 2021→Sep 2022) |
APG revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Safety Services | $1.48B | 65.7% | +8.8% |
| Specialty Services | $773.0M | 34.3% | +22.9% |
| Total revenue | $2.25B | 100% | — |
APG revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Corporate and Elimination | $2.25B | 100.0% | +13.3% |
| Life Safety | $1.48B | 65.7% | +8.8% |
| Total revenue | $2.25B | 100% | — |
APG revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $1.54B | 68.5% | +18.7% |
| Other | $532.0M | 23.6% | +3.1% |
| France | $177.0M | 7.9% | +2.9% |
| Total revenue | $2.25B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
APG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Juno Lower Holdings | “During 2024, we entered into a Conversion and Repurchase Agreement with Juno Lower Holdings L.P. ("Juno Lower Holdings"), FD Juno Holdings L.P. ("FD Juno Holdings," and together with Juno Lower Holdings, "Blackstone"), Viking Global Equities Master Ltd. ("VGEM") and Viking Global Equities II L.P. (VGE II, and collectively with VGEM, "Viking" and collectively with the Blackstone, the "Series B Holders") pursuant to…” |
| Partner | FD Juno Holdings | “During 2024, we entered into a Conversion and Repurchase Agreement with Juno Lower Holdings L.P. ("Juno Lower Holdings"), FD Juno Holdings L.P. ("FD Juno Holdings," and together with Juno Lower Holdings, "Blackstone"), Viking Global Equities Master Ltd. ("VGEM") and Viking Global Equities II L.P. (VGE II, and collectively with VGEM, "Viking" and collectively with the Blackstone, the "Series B Holders") pursuant to…” |
| Partner | Viking Global Equities Master | “During 2024, we entered into a Conversion and Repurchase Agreement with Juno Lower Holdings L.P. ("Juno Lower Holdings"), FD Juno Holdings L.P. ("FD Juno Holdings," and together with Juno Lower Holdings, "Blackstone"), Viking Global Equities Master Ltd. ("VGEM") and Viking Global Equities II L.P. (VGE II, and collectively with VGEM, "Viking" and collectively with the Blackstone, the "Series B Holders") pursuant to…” |
| Partner | Viking Global Equities II | “During 2024, we entered into a Conversion and Repurchase Agreement with Juno Lower Holdings L.P. ("Juno Lower Holdings"), FD Juno Holdings L.P. ("FD Juno Holdings," and together with Juno Lower Holdings, "Blackstone"), Viking Global Equities Master Ltd. ("VGEM") and Viking Global Equities II L.P. (VGE II, and collectively with VGEM, "Viking" and collectively with the Blackstone, the "Series B Holders") pursuant to…” |
Quoted from the company's 10-K filed Feb 25, 2026.
APG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.47 | $0.47 | -0.6% | $2.40B | 12 |
| Next quarter (ends Dec 2026) | $0.50 | $0.49 | +1.3% | $2.36B | 12 |
| Current fiscal year (ends Dec 2026) | $0.97 | $1.21 | -19.9% | $8.99B | 4 |
| Next fiscal year (ends Dec 2027) | $2.00 | $2.00 | -0.1% | $9.70B | 12 |
APG options: expected move
Options price a move of about ±9.9% (±$3.83) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±4.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 43.4% | ±9.9% |
| Dec 18, 2026 | 56 | 38.4% | ±12.2% |
| Jan 15, 2027 | 84 | 36.4% | ±14.2% |
| Apr 16, 2027 | 175 | 35.2% | ±19.8% |
30-day implied volatility 38% vs 22% realized over the last 30 trading days. Put/call ratio (volume) 1. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:14 UTC)
| Price | USD 38.8 |
|---|---|
| Change | ▼ 3.51% (down) |
| Previous Close | USD 40.21 |
| Open | USD 39.82 |
| Day Range | USD 38.58 – 39.88 |
| 52-Week Range | USD 33.52 – 49.99 |
| Volume | 3,633,773 shares |
| Market Cap | $16.77B |
| Exchange | NYQ |
Technical Analysis (APG)
Nexqual's technical model rates APG "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:14 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 39.71 (neutral) |
| vs SMA50 | Below (USD 39.78) |
| MACD | 0.15 (positive) |
Analyst Ratings (APG)
Wall Street analysts rate APG "Buy" based on 11 analysts, with a mean price target of USD 52.45 (range USD 47–55), per Nexqual as of October 23, 2026 at 09:14 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 52.45 |
| High Target | USD 55 |
| Low Target | USD 47 |
| Buy / Hold / Sell | 11 / 0 / 0 |
Earnings (APG)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.47 |
| Revenue Estimate | $2.40B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.44 vs est 0.43 ▲ beat |
| 2026-03-31 | USD 0.32 vs est 0.3 ▲ beat |
| 2025-12-31 | USD 0.44 vs est 0.41 ▲ beat |
| 2025-09-30 | USD 0.41 vs est 0.4 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:14 UTC.
Financials & Fundamentals (APG)
| Total Revenue | $8.44B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +13.30% |
| Gross Margin | +31.44% |
| Operating Margin | +9.05% |
| Profit Margin | +4.10% |
| ROE | +10.35% |
| Debt / Equity | 1.09 |
| Current Ratio | 1.39 |
| Total Cash | $851.00M |
| Total Debt | $3.84B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $676.00M (8.0% of revenue) |
Source: Nexqual, October 23, 2026 at 09:14 UTC.
Financial Health Score (APG)
Nexqual rates APi Group Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:14 UTC.
| Growth | Solid — Revenue +13% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 31%, operating 9% (last 12 months) |
| Balance Sheet | Mixed — $851M cash and investments vs $3.52B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $676M (last 4 quarters to Jun 2026, SEC), 8% margin |
| Efficiency | Mixed — ROE 10%, ROA 5.0% |
Ownership (APG)
| Insider Ownership | +11.98% |
|---|---|
| Institutional Ownership | +86.81% |
| Shares Outstanding | 432.16M |
| Float | 355.70M |
| Short % of Float | +2.66% |
Source: Nexqual, October 23, 2026 at 09:14 UTC.
Leadership (APG)
APi Group Corporation is led by Russell A. Becker, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:14 UTC.
| CEO, President & Director | Russell A. Becker |
|---|---|
| Executive VP & CFO | Glenn David Jackola |
| Executive Vice President of Operations | Andrew White |
| Senior Director of Investor Relations | Adam Walters |
| Vice President of Corporate Development | Fred Leggett |
Major Backers & Investors (APG)
Notable institutional backers of APi Group Corporation include Jupiter Topco LLC, FMR, LLC, Price (T.Rowe) Associates Inc, according to Nexqual as of October 23, 2026 at 09:14 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Jupiter Topco LLC | 5.46% |
| FMR, LLC | 4.05% |
| Price (T.Rowe) Associates Inc | 3.45% |
| JANUS INVESTMENT FUND-Janus Henderson Enterprise Fund | 3.04% |
| Durable Capital Partners Lp | 2.81% |
| Pictet Asset Management Holding SA | 2.38% |
| Fidelity | 2.16% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.37% |
| Vanguard Group | 7.89% |
| State Street | 2.74% |
Source: Nexqual, October 23, 2026 at 09:14 UTC.
From APi Group Corporation's Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- We are a global, market-leading business services provider of fire and life safety, security, elevator and escalator, and specialty services with a substantial recurring revenue base and over 500 locations worldwide.
- We operate our business under three primary operating segments, two of which are aggregated into a single reportable segment, resulting in two reportable segments: •Safety Services – 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 of these systems.
- The work performed within this segment spans across a diverse mix of end markets with a focus on high tech services, advanced manufacturing, healthcare, fulfillment and distribution centers, and critical infrastructure. •Specialty Services – A leading provider of a variety of specialty contracting, fabrication and distribution, and infrastructure and utility services.
- Our broad geographic footprint reaches more than 500 locations throughout over 20 countries and allows us to maintain relationships with local decision makers while also having the ability to execute multi-site services for national and international account customers.
Legal & Regulatory Risks (Item 1A, quoted)
- We are and may become subject to periodic regulatory proceedings, including Fair Labor Standards Act ("FLSA") and state wage and hour class action lawsuits, which may adversely affect our business and financial performance.
- We are and may become subject to periodic litigation which may adversely affect our business and financial performance.
- We may have litigation in a variety of matters, some matters may be unpredictable or unanticipated, and the frequency and severity of litigation could increase.
- Our failure to comply with environmental laws could result in significant liabilities and increased environmental regulations could result in increased costs.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:14 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt