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| Date | Value |
|---|---|
| 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 |