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| Date | Value |
|---|---|
| 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% |