APi (APG) Change in Taxes (2019 - 2026)
APi (APG) reported Change in Taxes of -$92.0 million for Q1 2026, up 3.16% on a YoY basis from -$89.2 million in Q1 2025, and down 300.0% quarter-over-quarter from $46.0 million in Q4 2025.
APi (APG) Change in Taxes (2019 - 2026) Analysis & Trends
APi has reported Change in Taxes for 8 years, with the latest figure at -$92.0 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Taxes rose 3.16% year-over-year to -$92.0 million; the trailing twelve-month figure through Mar 2026 stood at $48.0 million (up 60.0% YoY), and the FY2025 full-year result was $45.0 million, up 1600.0% from the prior year.
- Change in Taxes for Q1 2026 stood at -$92.0 million, down from $46.0 million in the prior quarter.
- The five-year high for Change in Taxes was $69.0 million in Q4 2023, with the low at -$128.0 million in Q1 2024.
- Historically, Change in Taxes has averaged $2.3 million across 5 years, with a median of $41.0 million in 2024.
- Annual changes were most pronounced in 2022 — Change in Taxes jumped 176.47% — and 2024, when it plunged 59.18%.
- APi's Change in Taxes stood at $53.0 million in 2022, then jumped by 30.19% to $69.0 million in 2023, then slumped by 40.58% to $41.0 million in 2024, then climbed by 12.2% to $46.0 million in 2025, then slumped by 300.0% to -$92.0 million in 2026.
- The last three Change in Taxes figures came in at -$92.0 million (Q1 2026), $46.0 million (Q4 2025), and $55.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 106.13 Bn | 105.86 Bn | 1.11 Bn | - |
| 2 | Comfort Systems Usa | 66.28 Bn | 65.23 Bn | 754.41 Mn | - |
| 3 | Emcor | 36.65 Bn | 35.73 Bn | 863.95 Mn | - |
| 4 | Mastec | 28.22 Bn | 28.06 Bn | 477.90 Mn | - |
| 5 | Sterling Infrastructure | 26.30 Bn | 25.79 Bn | 194.30 Mn | - |
| 6 | APi | 18.25 Bn | 17.60 Bn | 620.00 Mn | -92.00 Mn |
| 7 | Jacobs Solutions | 14.99 Bn | 13.61 Bn | 794.89 Mn | - |
| 8 | IES Holdings | 14.98 Bn | 14.72 Bn | 254.79 Mn | - |
| 9 | Dycom Industries | 14.10 Bn | 13.39 Bn | - | - |
| 10 | TopBuild | 11.53 Bn | 11.26 Bn | 400.25 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -92.00 Mn |
| Mar 31, 2026 | -92.00 Mn |
| Dec 31, 2025 | 46.00 Mn |
| Dec 31, 2025 | 46.00 Mn |
| Sep 30, 2025 | 55.00 Mn |
| Sep 30, 2025 | 55.00 Mn |
| Jun 30, 2025 | 39.00 Mn |
| Jun 30, 2025 | 39.00 Mn |
| Mar 31, 2025 | -95.00 Mn |
| Mar 31, 2025 | -95.00 Mn |
| Dec 31, 2024 | 41.00 Mn |
| Dec 31, 2024 | 41.00 Mn |
| Sep 30, 2024 | 64.00 Mn |
| Sep 30, 2024 | 64.00 Mn |
| Jun 30, 2024 | 20.00 Mn |
| Jun 30, 2024 | 20.00 Mn |
| Mar 31, 2024 | -128.00 Mn |
| Mar 31, 2024 | -128.00 Mn |
| Dec 31, 2023 | 69.00 Mn |
| Dec 31, 2023 | 69.00 Mn |