APi (APG) Change in Receivables (2019 - 2026)
APi (APG) reported Change in Receivables of -$31.0 million for Q1 2026, up 69.0% on a YoY basis from -$18.3 million in Q1 2025, and down 3000.0% quarter-over-quarter from -$1.0 million in Q4 2025.
APi (APG) Change in Receivables (2019 - 2026) Analysis & Trends
APi has reported Change in Receivables for 8 years, with the latest figure at -$31.0 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Receivables rose 69.0% year-over-year to -$31.0 million; the trailing twelve-month figure through Mar 2026 stood at $126.0 million (up 320.0% YoY), and the FY2025 full-year result was $57.0 million, up 2750.0% from the prior year.
- Change in Receivables for Q1 2026 stood at -$31.0 million, down from -$1.0 million in the prior quarter.
- The five-year high for Change in Receivables was $117.0 million in Q2 2022, with the low at -$128.0 million in Q1 2024.
- Historically, Change in Receivables has averaged $14.4 million across 5 years, with a median of $31.0 million in 2024.
- Annual changes were most pronounced in 2023 — Change in Receivables slumped 123.4% — and 2025, when it jumped 1250.0%.
- APi's Change in Receivables stood at $44.0 million in 2022, then jumped by 109.09% to $92.0 million in 2023, then grew by 11.96% to $103.0 million in 2024, then sank by 100.97% to -$1.0 million in 2025, then sank by 3000.0% to -$31.0 million in 2026.
- The last three Change in Receivables figures came in at -$31.0 million (Q1 2026), -$1.0 million (Q4 2025), and $46.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.91 Bn | 103.65 Bn | 1.11 Bn | 745.88 Mn |
| 2 | Comfort Systems Usa | 65.18 Bn | 64.13 Bn | 754.41 Mn | 214.73 Mn |
| 3 | Emcor | 36.65 Bn | 35.73 Bn | 863.95 Mn | - |
| 4 | Mastec | 28.10 Bn | 27.94 Bn | 477.90 Mn | -4.81 Mn |
| 5 | Sterling Infrastructure | 27.31 Bn | 26.80 Bn | 194.30 Mn | - |
| 6 | APi | 18.18 Bn | 17.54 Bn | 620.00 Mn | -31.00 Mn |
| 7 | IES Holdings | 14.63 Bn | 14.37 Bn | 254.79 Mn | 109.95 Mn |
| 8 | Jacobs Solutions | 14.18 Bn | 12.80 Bn | 794.89 Mn | 668.70 Mn |
| 9 | Dycom Industries | 13.76 Bn | 13.05 Bn | - | - |
| 10 | TopBuild | 11.17 Bn | 10.90 Bn | 400.25 Mn | 38.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -31.00 Mn |
| Mar 31, 2026 | -31.00 Mn |
| Dec 31, 2025 | -1.00 Mn |
| Dec 31, 2025 | -1.00 Mn |
| Sep 30, 2025 | 46.00 Mn |
| Sep 30, 2025 | 46.00 Mn |
| Jun 30, 2025 | 112.00 Mn |
| Jun 30, 2025 | 112.00 Mn |
| Mar 31, 2025 | -100.00 Mn |
| Mar 31, 2025 | -100.00 Mn |
| Dec 31, 2024 | 103.00 Mn |
| Dec 31, 2024 | 103.00 Mn |
| Sep 30, 2024 | -4.00 Mn |
| Sep 30, 2024 | -4.00 Mn |
| Jun 30, 2024 | 31.00 Mn |
| Jun 30, 2024 | 31.00 Mn |
| Mar 31, 2024 | -128.00 Mn |
| Mar 31, 2024 | -128.00 Mn |
| Dec 31, 2023 | 92.00 Mn |
| Dec 31, 2023 | 92.00 Mn |