APi (APG) Cost of Revenue (2019 - 2026)
APi's (APG) quarterly Cost of Revenue came in at $1.6 billion in Q2 2026, up 12.8% YoY from $1.4 billion in Q2 2025, and up 13.88% on a QoQ basis from $1.4 billion in Q1 2026.
APi (APG) Cost of Revenue (2019 - 2026) Analysis & Trends
APi (APG) has 8 years of Cost of Revenue data on file, last reported at $1.6 billion in Q2 2026.
- Quarterly Cost of Revenue rose 12.8% year-over-year to $1.6 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $5.8 billion (up 13.5% YoY) and the FY2025 annual result came in at $5.4 billion, up 12.07% from the prior year.
- Cost of Revenue grew to $1.6 billion in Q2 2026, from $1.4 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.6 billion in Q2 2026 to a low of $1.1 billion in Q1 2022.
- A 5-year average of $1.3 billion and a median of $1.3 billion in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue jumped 76.05% — and 2024, when it decreased 6.98%.
- Tracing APG's Cost of Revenue over 5 years: 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 gained by 7.78% to $1.6 billion in 2026.
- The last three Cost of Revenue figures came in at $1.6 billion (Q2 2026), $1.4 billion (Q1 2026), and $1.4 billion (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 98.57 Bn | 98.48 Bn | 1.55 Bn | 8.01 Bn |
| 2 | Comfort Systems Usa | 69.82 Bn | 67.96 Bn | 844.23 Mn | 2.42 Bn |
| 3 | Ferrovial | 46.93 Bn | 41.94 Bn | - | - |
| 4 | Emcor | 35.79 Bn | 34.87 Bn | 1.02 Bn | 4.13 Bn |
| 5 | Mastec | 25.30 Bn | 25.14 Bn | 556.28 Mn | 3.82 Bn |
| 6 | Sterling Infrastructure | 18.27 Bn | 17.76 Bn | 194.30 Mn | 631.38 Mn |
| 7 | APi | 17.00 Bn | 16.35 Bn | 703.00 Mn | 1.55 Bn |
| 8 | Jacobs Solutions | 15.69 Bn | 14.31 Bn | 794.89 Mn | 2.90 Bn |
| 9 | IES Holdings | 12.60 Bn | 12.34 Bn | 254.79 Mn | 719.50 Mn |
| 10 | Dycom Industries | 12.50 Bn | 11.79 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.55 Bn |
| Jun 30, 2026 | 1.55 Bn |
| 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 |