APi (APG) FCF Margin (2019 - 2026)
APi (APG) reported FCF Margin of 3.38% for Q1 2026, up 47.0% on a YoY basis from 2.3% in Q1 2025, and down 79.9% quarter-over-quarter from 16.82% in Q4 2025.
APi (APG) FCF Margin (2019 - 2026) Analysis & Trends
APi has reported FCF Margin for 8 years, with the latest figure at 3.38% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 47.0% year-over-year to 3.38%; the trailing twelve-month figure through Mar 2026 stood at 8.32% (down 10.0% YoY), and the FY2025 full-year result was 8.38%, up 74.0% from the prior year.
- FCF Margin for Q1 2026 stood at 3.38%, down from 16.82% in the prior quarter.
- The five-year high for FCF Margin was 16.82% in Q4 2025, with the low at 8.84% in Q1 2022.
- Historically, FCF Margin has averaged 5.81% across 5 years, with a median of 5.09% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin slumped 1058 bps — and 2023, when it soared 747 bps.
- APi's FCF Margin stood at 9.92% in 2022, then soared by 58 bps to 15.63% in 2023, then dropped by 9 bps to 14.24% in 2024, then grew by 18 bps to 16.82% in 2025, then sank by 80 bps to 3.38% in 2026.
- The last three FCF Margin figures came in at 3.38% (Q1 2026), 16.82% (Q4 2025), and 9.64% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.91 Bn | 103.65 Bn | 1.11 Bn | 2.18% |
| 2 | Comfort Systems Usa | 65.18 Bn | 64.13 Bn | 754.41 Mn | 8.42% |
| 3 | Emcor | 36.65 Bn | 35.73 Bn | 863.95 Mn | -0.61% |
| 4 | Mastec | 28.10 Bn | 27.94 Bn | 477.90 Mn | 2.06% |
| 5 | Sterling Infrastructure | 27.31 Bn | 26.80 Bn | 194.30 Mn | 17.68% |
| 6 | APi | 18.18 Bn | 17.54 Bn | 620.00 Mn | 3.38% |
| 7 | IES Holdings | 14.63 Bn | 14.37 Bn | 254.79 Mn | 7.33% |
| 8 | Jacobs Solutions | 14.18 Bn | 12.80 Bn | 794.89 Mn | -13.66% |
| 9 | Dycom Industries | 13.76 Bn | 13.05 Bn | - | - |
| 10 | TopBuild | 11.17 Bn | 10.90 Bn | 400.25 Mn | 10.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.38% |
| Dec 31, 2025 | 16.82% |
| Sep 30, 2025 | 9.64% |
| Jun 30, 2025 | 2.81% |
| Mar 31, 2025 | 2.91% |
| Dec 31, 2024 | 14.24% |
| Sep 30, 2024 | 10.84% |
| Jun 30, 2024 | 5.09% |
| Mar 31, 2024 | -0.94% |
| Dec 31, 2023 | 15.63% |
| Sep 30, 2023 | 7.06% |
| Jun 30, 2023 | 2.77% |
| Mar 31, 2023 | -1.36% |
| Dec 31, 2022 | 9.92% |
| Sep 30, 2022 | 6.92% |
| Jun 30, 2022 | 1.94% |
| Mar 31, 2022 | -8.84% |
| Dec 31, 2021 | 9.17% |
| Sep 30, 2021 | 3.82% |
| Jun 30, 2021 | -2.97% |