APi (APG) Net Margin (2019 - 2026)

APi's (APG) quarterly Net Margin came in at 3.95% in Q2 2026, up 48.0% YoY from 2.67% in Q2 2025, and up 53.45% on a QoQ basis from 2.57% in Q1 2026.

APi (APG) Net Margin (2019 - 2026) Analysis & Trends

APi (APG) has 8 years of Net Margin data on file, last reported at 3.95% in Q2 2026.

  • Quarterly Net Margin rose 48.0% year-over-year to 3.95% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 2.94% (down 485.0% YoY) and the FY2025 annual result came in at 3.64%, down 45.0% from the prior year.
  • Net Margin improved to 3.95% in Q2 2026, from 2.57% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 4.03% in Q3 2025 to a low of 22.3% in Q4 2025.
  • A 5-year average of 1.59% and a median of 1.48% in 2022 frame the typical range for Net Margin.
  • Annual changes were most pronounced in 2024 — Net Margin sank 2179 bps — and 2025, when it surged 2267 bps.
  • Tracing APG's Net Margin over 5 years: 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 surged by 118 bps to 3.95% in 2026.
  • The last three Net Margin figures came in at 3.95% (Q2 2026), 2.57% (Q1 2026), and 22.3% (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Quanta Services 98.57 Bn 98.48 Bn 1.55 Bn 4.81%
2 Comfort Systems Usa 69.82 Bn 67.96 Bn 844.23 Mn 13.52%
3 Ferrovial 46.93 Bn 41.94 Bn - -
4 Emcor 35.79 Bn 34.87 Bn 1.02 Bn 7.83%
5 Mastec 25.30 Bn 25.14 Bn 556.28 Mn 3.33%
6 Sterling Infrastructure 18.27 Bn 17.76 Bn 194.30 Mn 12.57%
7 APi 17.00 Bn 16.35 Bn 703.00 Mn 3.95%
8 Jacobs Solutions 15.69 Bn 14.31 Bn 794.89 Mn -0.08%
9 IES Holdings 12.60 Bn 12.34 Bn 254.79 Mn 11.28%
10 Dycom Industries 12.50 Bn 11.79 Bn - -

Historic Data

Download Data
DateValue
Jun 30, 2026 3.95%
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%