APi (APG) Debt Ratio (2019 - 2026)

APi's (APG) quarterly Debt Ratio came in at 0.38 in Q2 2026, up 19.05% YoY from 0.32 in Q2 2025, and up 24.82% on a QoQ basis from 0.31 in Q1 2026.

APi (APG) Debt Ratio (2019 - 2026) Analysis & Trends

APi (APG) has 8 years of Debt Ratio data on file, last reported at 0.38 in Q2 2026.

  • Quarterly Debt Ratio rose 19.05% year-over-year to 0.38 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.38 (up 19.05% YoY) and the FY2025 annual result came in at 0.31, down 8.54% from the prior year.
  • Debt Ratio grew to 0.38 in Q2 2026, from 0.31 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.39 in Q1 2024 to a low of 0.31 in Q4 2023.
  • A 5-year average of 0.34 and a median of 0.34 in 2022 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2023 — Debt Ratio retreated 17.0% — and 2026, when it increased 19.05%.
  • Tracing APG's Debt Ratio over 5 years: stood at 0.37 in 2022, then retreated by 17.0% to 0.31 in 2023, then advanced by 10.07% to 0.34 in 2024, then dropped by 8.54% to 0.31 in 2025, then rose by 24.45% to 0.38 in 2026.
  • The last three Debt Ratio figures came in at 0.38 (Q2 2026), 0.31 (Q1 2026), and 0.31 (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Quanta Services 98.57 Bn 98.48 Bn 1.55 Bn 0.22
2 Comfort Systems Usa 69.82 Bn 67.96 Bn 844.23 Mn 0.01
3 Ferrovial 46.93 Bn 41.94 Bn - 0.04
4 Emcor 35.79 Bn 34.87 Bn 1.02 Bn -
5 Mastec 25.30 Bn 25.14 Bn 556.28 Mn 0.25
6 Sterling Infrastructure 18.27 Bn 17.76 Bn 194.30 Mn 0.10
7 APi 17.00 Bn 16.35 Bn 703.00 Mn 0.38
8 Jacobs Solutions 15.69 Bn 14.31 Bn 794.89 Mn 0.34
9 IES Holdings 12.60 Bn 12.34 Bn 254.79 Mn 0.02
10 Dycom Industries 12.50 Bn 11.79 Bn - 0.47

Historic Data

Download Data
DateValue
Jun 30, 2026 0.38
Mar 31, 2026 0.31
Dec 31, 2025 0.31
Sep 30, 2025 0.32
Jun 30, 2025 0.32
Mar 31, 2025 0.34
Dec 31, 2024 0.34
Sep 30, 2024 0.35
Jun 30, 2024 0.36
Mar 31, 2024 0.38
Dec 31, 2023 0.31
Sep 30, 2023 0.36
Jun 30, 2023 0.33
Mar 31, 2023 0.33
Dec 31, 2022 0.34
Sep 30, 2022 0.35
Jun 30, 2022 0.35
Mar 31, 2022 0.35
Dec 31, 2021 0.34
Sep 30, 2021 0.31