APi (APG) Free Cash Flow (2019 - 2026)

APi (APG) reported Free Cash Flow of $67.0 million for Q1 2026, up 34.0% on a YoY basis from $50.0 million in Q1 2025, and down 81.18% quarter-over-quarter from $356.0 million in Q4 2025.

APi (APG) Free Cash Flow (2019 - 2026) Analysis & Trends

APi has reported Free Cash Flow for 8 years, with the latest figure at $67.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 34.0% year-over-year to $67.0 million; the trailing twelve-month figure through Mar 2026 stood at $680.0 million (up 13.14% YoY), and the FY2025 full-year result was $663.0 million, up 23.69% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $67.0 million, down from $356.0 million in the prior quarter.
  • The five-year high for Free Cash Flow was $356.0 million in Q4 2025, with the low at -$130.0 million in Q1 2022.
  • Historically, Free Cash Flow has averaged $110.9 million across 5 years, with a median of $88.0 million in 2024.
  • Annual changes were most pronounced in 2022 — Free Cash Flow plunged 1028.57% — and 2025, when it soared 433.33%.
  • APi's Free Cash Flow stood at $169.0 million in 2022, then jumped by 62.72% to $275.0 million in 2023, then declined by 3.64% to $265.0 million in 2024, then soared by 34.34% to $356.0 million in 2025, then sank by 81.18% to $67.0 million in 2026.
  • The last three Free Cash Flow figures came in at $67.0 million (Q1 2026), $356.0 million (Q4 2025), and $201.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Quanta Services 103.91 Bn 103.65 Bn 1.11 Bn 171.65 Mn
2 Comfort Systems Usa 65.18 Bn 64.13 Bn 754.41 Mn 241.36 Mn
3 Emcor 36.65 Bn 35.73 Bn 863.95 Mn -28.15 Mn
4 Mastec 28.10 Bn 27.94 Bn 477.90 Mn 78.85 Mn
5 Sterling Infrastructure 27.31 Bn 26.80 Bn 194.30 Mn 145.94 Mn
6 APi 18.18 Bn 17.54 Bn 620.00 Mn 67.00 Mn
7 IES Holdings 14.63 Bn 14.37 Bn 254.79 Mn 71.45 Mn
8 Jacobs Solutions 14.18 Bn 12.80 Bn 794.89 Mn -504.90 Mn
9 Dycom Industries 13.76 Bn 13.05 Bn - -
10 TopBuild 11.17 Bn 10.90 Bn 400.25 Mn 146.74 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 67.00 Mn
Mar 31, 2026 67.00 Mn
Dec 31, 2025 356.00 Mn
Dec 31, 2025 356.00 Mn
Sep 30, 2025 201.00 Mn
Sep 30, 2025 201.00 Mn
Jun 30, 2025 56.00 Mn
Jun 30, 2025 56.00 Mn
Mar 31, 2025 50.00 Mn
Mar 31, 2025 50.00 Mn
Dec 31, 2024 265.00 Mn
Dec 31, 2024 265.00 Mn
Sep 30, 2024 198.00 Mn
Sep 30, 2024 198.00 Mn
Jun 30, 2024 88.00 Mn
Jun 30, 2024 88.00 Mn
Mar 31, 2024 -15.00 Mn
Mar 31, 2024 -15.00 Mn
Dec 31, 2023 275.00 Mn
Dec 31, 2023 275.00 Mn