APi (APG) Cost of Revenue (2019 - 2026)

APi (APG) reported Cost of Revenue of $1.4 billion for Q1 2026, up 15.72% on a YoY basis from $1.2 billion in Q1 2025, and down 5.35% quarter-over-quarter from $1.4 billion in Q4 2025.

APi (APG) Cost of Revenue (2019 - 2026) Analysis & Trends

APi has reported Cost of Revenue for 8 years, with the latest figure at $1.4 billion in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 15.72% year-over-year to $1.4 billion; the trailing twelve-month figure through Mar 2026 stood at $5.6 billion (up 14.28% YoY), and the FY2025 full-year result was $5.4 billion, up 12.07% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $1.4 billion, down from $1.4 billion in the prior quarter.
  • The five-year high for Cost of Revenue was $1.4 billion in Q4 2025, with the low at $1.1 billion in Q1 2022.
  • Historically, Cost of Revenue has averaged $1.3 billion across 5 years, with a median of $1.3 billion in 2024.
  • Annual changes were most pronounced in 2022 — Cost of Revenue jumped 76.05% — and 2024, when it decreased 6.98%.
  • APi's Cost of Revenue stood at $1.2 billion in 2022, then rose by 0.89% to $1.3 billion in 2023, then gained by 2.8% to $1.3 billion in 2024, then advanced by 11.9% to $1.4 billion in 2025, then dropped by 5.35% to $1.4 billion in 2026.
  • The last three Cost of Revenue figures came in at $1.4 billion (Q1 2026), $1.4 billion (Q4 2025), and $1.4 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Quanta Services 97.64 Bn 97.37 Bn 1.11 Bn 6.77 Bn
2 Comfort Systems Usa 60.31 Bn 59.26 Bn 754.41 Mn 2.11 Bn
3 Emcor 34.63 Bn 33.72 Bn 863.95 Mn 3.76 Bn
4 Mastec 26.26 Bn 26.11 Bn 477.90 Mn 3.35 Bn
5 Sterling Infrastructure 23.68 Bn 23.18 Bn 194.30 Mn 631.38 Mn
6 APi 17.88 Bn 17.24 Bn 620.00 Mn 1.36 Bn
7 Jacobs Solutions 14.38 Bn 13.00 Bn 794.89 Mn 2.90 Bn
8 IES Holdings 13.57 Bn 13.32 Bn 254.79 Mn 719.50 Mn
9 Dycom Industries 13.37 Bn 12.66 Bn - -
10 TopBuild 11.01 Bn 10.74 Bn 400.25 Mn 1.05 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.36 Bn
Mar 31, 2026 1.36 Bn
Dec 31, 2025 1.44 Bn
Dec 31, 2025 1.44 Bn
Sep 30, 2025 1.43 Bn
Sep 30, 2025 1.43 Bn
Jun 30, 2025 1.38 Bn
Jun 30, 2025 1.38 Bn
Mar 31, 2025 1.18 Bn
Mar 31, 2025 1.18 Bn
Dec 31, 2024 1.29 Bn
Dec 31, 2024 1.29 Bn
Sep 30, 2024 1.26 Bn
Sep 30, 2024 1.26 Bn
Jun 30, 2024 1.19 Bn
Jun 30, 2024 1.19 Bn
Mar 31, 2024 1.11 Bn
Mar 31, 2024 1.11 Bn
Dec 31, 2023 1.25 Bn
Dec 31, 2023 1.25 Bn