APi (APG) Gross Margin (2019 - 2026)
APi's (APG) quarterly Gross Margin came in at 31.19% in Q2 2026, up 28.0% on a YoY basis from 24.37% in Q2 2025, and little changed quarter-over-quarter from 31.28% in Q1 2026.
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APi (APG) Gross Margin (2019 - 2026) Analysis & Trends
APi (APG) has reported Gross Margin for 8 consecutive years, with 31.19% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 28.0% year-over-year to 31.19%; the trailing twelve-month figure through Jun 2026 stood at 31.44% (up 36.0% YoY), and the FY2025 full-year result was 31.44%, up 40.0% from the prior year.
- Gross Margin was little changed at 31.19% in Q2 2026 per APG's latest filing, from 31.28% in the prior quarter.
- Across five years, Gross Margin topped out at 32.03% in Q4 2025 and bottomed at 25.36% in Q3 2022.
- Historically, Gross Margin has averaged 29.37% across 5 years, with a median of 30.81% in 2024.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 440 bps in 2024, then slumped 54 bps in 2025.
- Over 5 years, Gross Margin stood at 27.19% in 2022, then grew by 6 bps to 28.88% in 2023, then gained by 7 bps to 30.9% in 2024, then increased by 4 bps to 32.03% in 2025, then decreased by 3 bps to 31.19% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 31.19%, 31.28%, and 32.03% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 80.63 Bn | 80.34 Bn | 1.48 Bn | 50.95% |
| 2 | Iron Mountain | 34.27 Bn | 34.39 Bn | 1.07 Bn | 52.76% |
| 3 | Rollins | 16.72 Bn | 16.61 Bn | 569.95 Mn | 52.84% |
| 4 | APi | 16.37 Bn | 15.51 Bn | 703.00 Mn | 31.19% |
| 5 | Aramark | 15.43 Bn | 15.00 Bn | 430.34 Mn | 8.51% |
| 6 | FirstService | 6.30 Bn | 6.63 Bn | 480.66 Mn | 33.17% |
| 7 | Unifirst | 4.96 Bn | 4.79 Bn | 234.73 Mn | 37.00% |
| 8 | Geo | 4.16 Bn | 3.91 Bn | - | - |
| 9 | CoreCivic | 3.45 Bn | 3.34 Bn | - | - |
| 10 | Abm Industries | 2.90 Bn | 2.79 Bn | 286.10 Mn | 12.35% |
Historic Data
Download Data
Historic 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% |