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
DateValue
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