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
DateValue
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