APi (APG) Gross Margin (2019 - 2026)
APi's (APG) quarterly Gross Margin came in at 31.19% in Q2 2026, up 28.0% YoY from 24.37% in Q2 2025, and little changed on a QoQ basis from 31.28% in Q1 2026.
APi (APG) Gross Margin (2019 - 2026) Analysis & Trends
APi (APG) has 8 years of Gross Margin data on file, last reported at 31.19% in Q2 2026.
- Quarterly Gross Margin rose 28.0% year-over-year to 31.19% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 31.44% (up 36.0% YoY) and the FY2025 annual result came in at 31.44%, up 40.0% from the prior year.
- Gross Margin was little changed at 31.19% in Q2 2026, from 31.28% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 32.03% in Q4 2025 to a low of 25.36% in Q3 2022.
- A 5-year average of 29.37% and a median of 30.81% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 440 bps — and 2025, when it sank 54 bps.
- Tracing APG's Gross Margin over 5 years: stood at 27.19% in 2022, then advanced by 6 bps to 28.88% in 2023, then increased by 7 bps to 30.9% in 2024, then climbed by 4 bps to 32.03% in 2025, then fell by 3 bps to 31.19% in 2026.
- The last three Gross Margin figures came in at 31.19% (Q2 2026), 31.28% (Q1 2026), and 32.03% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.39 Bn | 95.88 Bn | 1.55 Bn | 16.17% |
| 2 | Comfort Systems Usa | 58.32 Bn | 56.46 Bn | 844.23 Mn | 25.85% |
| 3 | Ferrovial | 45.15 Bn | 40.18 Bn | - | - |
| 4 | Emcor | 34.54 Bn | 33.61 Bn | 1.02 Bn | 19.83% |
| 5 | IES Holdings | 27.27 Bn | 26.88 Bn | 340.66 Mn | 27.41% |
| 6 | Mastec | 20.83 Bn | 20.51 Bn | 556.28 Mn | 12.72% |
| 7 | APi | 17.90 Bn | 17.04 Bn | 703.00 Mn | 31.19% |
| 8 | Jacobs Solutions | 17.64 Bn | 16.47 Bn | 810.70 Mn | 19.89% |
| 9 | Sterling Infrastructure | 15.87 Bn | 15.41 Bn | 289.96 Mn | 24.82% |
| 10 | Dycom Industries | 11.35 Bn | 10.64 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.19% |
| Mar 31, 2026 | 31.28% |
| Dec 31, 2025 | 32.03% |
| Sep 30, 2025 | 31.27% |
| Jun 30, 2025 | 30.90% |
| Mar 31, 2025 | 31.53% |
| Dec 31, 2024 | 30.90% |
| Sep 30, 2024 | 31.05% |
| Jun 30, 2024 | 31.45% |
| Mar 31, 2024 | 30.73% |
| Dec 31, 2023 | 28.88% |
| Sep 30, 2023 | 28.64% |
| Jun 30, 2023 | 28.01% |
| Mar 31, 2023 | 26.33% |
| Dec 31, 2022 | 27.19% |
| Sep 30, 2022 | 25.36% |
| Jun 30, 2022 | 26.38% |
| Mar 31, 2022 | 25.56% |
| Dec 31, 2021 | 24.64% |
| Sep 30, 2021 | 24.07% |