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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Quanta Services	96.39 Bn	95.88 Bn	1.55 Bn	0.22
2	Comfort Systems Usa	58.32 Bn	56.46 Bn	844.23 Mn	0.01
3	Ferrovial	45.15 Bn	40.18 Bn	-	0.04
4	Emcor	34.54 Bn	33.61 Bn	1.02 Bn	-
5	IES Holdings	27.27 Bn	26.88 Bn	340.66 Mn	-
6	Mastec	20.83 Bn	20.51 Bn	556.28 Mn	0.25
7	APi	17.90 Bn	17.04 Bn	703.00 Mn	0.38
8	Jacobs Solutions	17.64 Bn	16.47 Bn	810.70 Mn	0.30
9	Sterling Infrastructure	15.87 Bn	15.41 Bn	289.96 Mn	0.09
10	Dycom Industries	11.35 Bn	10.64 Bn	-	0.47

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