APi (APG) Gross Margin (2019 - 2026)
APi (APG) posted Gross Margin of 31.28% for Q1 2026, down 2.33% quarter-over-quarter from 32.03% in Q4 2025, and down 25.0% year-on-year from 41.71% in Q1 2025.
APi (APG) Gross Margin (2019 - 2026) Analysis & Trends
APi (APG) has reported Gross Margin for 8 consecutive years, with 31.28% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 31.28%, down 25.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 31.38% (up 16.0% YoY), and the FY2025 annual result was 31.44%, up 40.0% from the prior year.
- Gross Margin was 31.28% for Q1 2026 at APi, down from 32.03% in the prior quarter.
- Over five years, Gross Margin peaked at 32.03% in Q4 2025 and troughed at 25.36% in Q3 2022.
- Average Gross Margin over 5 years is 29.26%, with a median of 30.73% recorded in 2024.
- Year-over-year, Gross Margin soared 440 bps in 2024 and tumbled 54 bps in 2025.
- Over 5 years, Gross Margin stood at 27.19% in 2022, then increased by 6 bps to 28.88% in 2023, then advanced by 7 bps to 30.9% in 2024, then rose by 4 bps to 32.03% in 2025, then retreated by 2 bps to 31.28% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 31.28% in Q1 2026, 32.03% in Q4 2025, and 31.27% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | 44.21% |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 14.06% |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 12.48% |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 23.53% |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 31.28% |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | 21.51% |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 26.15% |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 7.80% |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 12.61% |
| 10 | Tetra Tech | 7.59 Bn | 7.37 Bn | 214.09 Mn | 17.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 23.72% |