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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Quanta Services	96.39 Bn	95.88 Bn	1.55 Bn	4.81%
2	Comfort Systems Usa	58.32 Bn	56.46 Bn	844.23 Mn	13.52%
3	Ferrovial	45.15 Bn	40.18 Bn	-	-
4	Emcor	34.54 Bn	33.61 Bn	1.02 Bn	7.83%
5	IES Holdings	27.27 Bn	26.88 Bn	340.66 Mn	12.31%
6	Mastec	20.83 Bn	20.51 Bn	556.28 Mn	3.33%
7	APi	17.90 Bn	17.04 Bn	703.00 Mn	3.95%
8	Jacobs Solutions	17.64 Bn	16.47 Bn	810.70 Mn	3.33%
9	Sterling Infrastructure	15.87 Bn	15.41 Bn	289.96 Mn	14.44%
10	Dycom Industries	11.35 Bn	10.64 Bn	-	-

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