APi (APG) Gross Margin (2019 - 2026)
APi's Gross Margin came in at 31.19% for Q2 2026, up 0.28 percentage points from 30.90% a year earlier but down 0.09 percentage points from the prior quarter.
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Analysis
APi (APG) Gross Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, APi reported Gross Margin of 31.44%, up 0.36 percentage points year-over-year; for FY2025, it came in at 31.44%, up 0.40 percentage points from FY2024.
- Gross Margin has increased in each of the last six years, with a five-year change of +10.36 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 31.03% in FY2024 (+3.03 pp), 28.00% in FY2023 (+1.87 pp), 26.14% in FY2022 (+2.30 pp) and 23.83% in FY2021 (+2.76 pp).
- The five-year range for quarterly Gross Margin is 24.07% (Q3 2021) to 32.03% (Q4 2025).
- Year-over-year, Gross Margin increased in six of the last eight quarters, with an average year-over-year change of +0.76 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2024 (a gain of 4.40 percentage points), and the weakest in Q2 2025 (a drop of 0.54 percentage points).
- Business Quant data shows APG's Gross Margin at 31.28% (Q1 2026), 32.03% (Q4 2025) and 31.27% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 166.50 Bn | 126.90 Bn | 6.13 Bn | 32.77% |
| 2 | Cintas | 89.53 Bn | 88.62 Bn | 1.55 Bn | 51.54% |
| 3 | Iron Mountain | 32.72 Bn | 32.24 Bn | 1.07 Bn | 52.76% |
| 4 | APi | 17.05 Bn | 14.09 Bn | 703.00 Mn | 31.19% |
| 5 | Rollins | 16.64 Bn | 16.18 Bn | 582.90 Mn | 53.49% |
| 6 | UL Solutions | 14.83 Bn | 13.61 Bn | 417.00 Mn | 51.10% |
| 7 | Gartner | 14.54 Bn | 8.23 Bn | 1.19 Bn | 70.95% |
| 8 | Aramark | 13.86 Bn | 11.87 Bn | 430.34 Mn | 8.51% |
| 9 | Rentokil Initial | 11.50 Bn | 5.01 Bn | - | - |
| 10 | Tetra Tech | 9.47 Bn | 8.58 Bn | 243.21 Mn | 18.59% |
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% |
API Access
APi Gross Margin 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=gross-margin&ticker=APG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=APG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();