APi (APG) FCF Margin (2019 - 2026)
APi's (APG) quarterly FCF Margin came in at 2.31% in Q2 2026, down 51.0% YoY from 4.71% in Q2 2025, and down 31.75% on a QoQ basis from 3.38% in Q1 2026.
APi (APG) FCF Margin (2019 - 2026) Analysis & Trends
APi (APG) has 8 years of FCF Margin data on file, last reported at 2.31% in Q2 2026.
- Quarterly FCF Margin fell 51.0% year-over-year to 2.31% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 8.01% (up 32.0% YoY) and the FY2025 annual result came in at 8.38%, up 74.0% from the prior year.
- FCF Margin fell to 2.31% in Q2 2026, from 3.38% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 16.82% in Q4 2025 to a low of 8.84% in Q1 2022.
- A 5-year average of 5.62% and a median of 4.23% in 2026 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin slumped 1058 bps — and 2023, when it soared 747 bps.
- Tracing APG's FCF Margin over 5 years: 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 tumbled by 86 bps to 2.31% in 2026.
- The last three FCF Margin figures came in at 2.31% (Q2 2026), 3.38% (Q1 2026), and 16.82% (Q4 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 | 96.39 Bn | 95.88 Bn | 1.55 Bn | 9.05% |
| 2 | Comfort Systems Usa | 58.32 Bn | 56.46 Bn | 844.23 Mn | 30.56% |
| 3 | Ferrovial | 45.15 Bn | 40.18 Bn | - | - |
| 4 | Emcor | 34.54 Bn | 33.61 Bn | 1.02 Bn | 5.01% |
| 5 | IES Holdings | 27.27 Bn | 26.88 Bn | 340.66 Mn | 5.13% |
| 6 | Mastec | 20.83 Bn | 20.51 Bn | 556.28 Mn | -3.36% |
| 7 | APi | 17.90 Bn | 17.04 Bn | 703.00 Mn | 2.31% |
| 8 | Jacobs Solutions | 17.64 Bn | 16.47 Bn | 810.70 Mn | 10.57% |
| 9 | Sterling Infrastructure | 15.87 Bn | 15.41 Bn | 289.96 Mn | 9.62% |
| 10 | Dycom Industries | 11.35 Bn | 10.64 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.31% |
| 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% |