APi (APG) Net Margin (2019 - 2026)
APi (APG) reported Net Margin of 2.57% for Q1 2026, up 77.0% on a YoY basis from 1.45% in Q1 2025, and up 111.54% quarter-over-quarter from 22.3% in Q4 2025.
APi (APG) Net Margin (2019 - 2026) Analysis & Trends
APi has reported Net Margin for 8 years, with the latest figure at 2.57% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 77.0% year-over-year to 2.57%; the trailing twelve-month figure through Mar 2026 stood at 3.28% (down 525.0% YoY), and the FY2025 full-year result was 3.64%, down 45.0% from the prior year.
- Net Margin for Q1 2026 stood at 2.57%, up from 22.3% in the prior quarter.
- The five-year high for Net Margin was 4.03% in Q3 2025, with the low at 22.3% in Q4 2025.
- Historically, Net Margin has averaged 1.92% across 5 years, with a median of 1.15% in 2022.
- Annual changes were most pronounced in 2024 — Net Margin sank 2179 bps — and 2025, when it surged 2267 bps.
- APi's Net Margin stood at 0.65% in 2022, then slumped by 2353 bps to 14.55% in 2023, then surged by 90 bps to 1.5% in 2024, then tumbled by 1382 bps to 22.3% in 2025, then jumped by 112 bps to 2.57% in 2026.
- The last three Net Margin figures came in at 2.57% (Q1 2026), 22.3% (Q4 2025), and 4.03% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.91 Bn | 103.65 Bn | 1.11 Bn | 2.94% |
| 2 | Comfort Systems Usa | 65.18 Bn | 64.13 Bn | 754.41 Mn | 12.93% |
| 3 | Emcor | 36.65 Bn | 35.73 Bn | 863.95 Mn | 6.60% |
| 4 | Mastec | 28.10 Bn | 27.94 Bn | 477.90 Mn | 1.82% |
| 5 | Sterling Infrastructure | 27.31 Bn | 26.80 Bn | 194.30 Mn | 12.57% |
| 6 | APi | 18.18 Bn | 17.54 Bn | 620.00 Mn | 2.57% |
| 7 | IES Holdings | 14.63 Bn | 14.37 Bn | 254.79 Mn | 11.28% |
| 8 | Jacobs Solutions | 14.18 Bn | 12.80 Bn | 794.89 Mn | -0.08% |
| 9 | Dycom Industries | 13.76 Bn | 13.05 Bn | - | - |
| 10 | TopBuild | 11.17 Bn | 10.90 Bn | 400.25 Mn | 7.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.57% |
| Dec 31, 2025 | -22.30% |
| Sep 30, 2025 | 4.03% |
| Jun 30, 2025 | 3.47% |
| Mar 31, 2025 | 1.80% |
| Dec 31, 2024 | -1.50% |
| Sep 30, 2024 | 3.78% |
| Jun 30, 2024 | 3.99% |
| Mar 31, 2024 | -20.86% |
| Dec 31, 2023 | -14.55% |
| Sep 30, 2023 | 2.41% |
| Jun 30, 2023 | 2.09% |
| Mar 31, 2023 | 0.93% |
| Dec 31, 2022 | 0.65% |
| Sep 30, 2022 | 0.98% |
| Jun 30, 2022 | 1.15% |
| Mar 31, 2022 | -1.22% |
| Dec 31, 2021 | -15.20% |
| Sep 30, 2021 | 1.81% |
| Jun 30, 2021 | 2.15% |