APi (APG) Free Cash Flow (2019 - 2026)
APi (APG) recorded Free Cash Flow of $198 million in Q3 2026, down 1.5% from $201 million a year earlier but up 280.8% from the prior quarter.
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Analysis
APi (APG) Free Cash Flow (2019 - 2026) Analysis & Trends
On a TTM basis, APi's Free Cash Flow came in at $673 million as of Sep 30, 2026, up 17.7% year-over-year; for FY2025, it was $663 million, up 23.7% from FY2024.
- Annual Free Cash Flow has increased for four straight years, with a five-year compound annual growth rate of 7.7% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $536 million in FY2024 (+25.2%), $428 million in FY2023 (+124.1%), $191 million in FY2022 (+50.4%) and $127 million in FY2021 (-72.3%).
- Quarterly Free Cash Flow has ranged from -$130 million in Q1 2022 to $356 million in Q4 2025 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in three of the last seven quarters, with growth averaging 3.0%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 200.0% in Q3 2022, against a decline of 36.4% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $52 million (Q2 2026), $67 million (Q1 2026) and $356 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 154.21 Bn | 112.14 Bn | 5.98 Bn | 2.85 Bn |
| 2 | Cintas | 91.35 Bn | 90.43 Bn | 1.55 Bn | 464.80 Mn |
| 3 | Iron Mountain | 33.36 Bn | 32.55 Bn | 1.06 Bn | -302.18 Mn |
| 4 | APi | 18.61 Bn | 15.83 Bn | 770.00 Mn | 198.00 Mn |
| 5 | Rollins | 18.45 Bn | 17.99 Bn | 582.90 Mn | 235.50 Mn |
| 6 | UL Solutions | 16.47 Bn | 14.50 Bn | 423.00 Mn | 154.00 Mn |
| 7 | Aramark | 13.88 Bn | 11.82 Bn | 430.34 Mn | 4.82 Mn |
| 8 | Rentokil Initial | 12.08 Bn | 5.60 Bn | - | - |
| 9 | Gartner | 12.05 Bn | 5.53 Bn | 1.07 Bn | 275.16 Mn |
| 10 | Booz Allen Hamilton Holding | 10.33 Bn | 7.84 Bn | 1.45 Bn | 263.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 198.00 Mn |
| Jun 30, 2026 | 52.00 Mn |
| Mar 31, 2026 | 67.00 Mn |
| Dec 31, 2025 | 356.00 Mn |
| Sep 30, 2025 | 201.00 Mn |
| Jun 30, 2025 | 56.00 Mn |
| Mar 31, 2025 | 50.00 Mn |
| Dec 31, 2024 | 265.00 Mn |
| Sep 30, 2024 | 198.00 Mn |
| Jun 30, 2024 | 88.00 Mn |
| Mar 31, 2024 | -15.00 Mn |
| Dec 31, 2023 | 275.00 Mn |
| Sep 30, 2023 | 126.00 Mn |
| Jun 30, 2023 | 49.00 Mn |
| Mar 31, 2023 | -22.00 Mn |
| Dec 31, 2022 | 169.00 Mn |
| Sep 30, 2022 | 120.00 Mn |
| Jun 30, 2022 | 32.00 Mn |
| Mar 31, 2022 | -130.00 Mn |
| Dec 31, 2021 | 102.00 Mn |
API Access
APi Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=APG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "APG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=APG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();