APi (APG) Operating Income (2019 - 2026)
APi (APG) reported Operating Income of $103.0 million for Q1 2026, up 22.62% on a YoY basis from $84.0 million in Q1 2025, and down 37.2% quarter-over-quarter from $164.0 million in Q4 2025.
APi (APG) Operating Income (2019 - 2026) Analysis & Trends
APi has reported Operating Income for 8 years, with the latest figure at $103.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income rose 22.62% year-over-year to $103.0 million; the trailing twelve-month figure through Mar 2026 stood at $573.0 million (up 22.44% YoY), and the FY2025 full-year result was $554.0 million, up 14.46% from the prior year.
- Operating Income for Q1 2026 stood at $103.0 million, down from $164.0 million in the prior quarter.
- The five-year high for Operating Income was $164.0 million in Q4 2025, with the low at -$7.0 million in Q1 2022.
- Historically, Operating Income has averaged $94.4 million across 5 years, with a median of $103.0 million in 2026.
- Annual changes were most pronounced in 2022 — Operating Income sank 333.33% — and 2023, when it surged 5250.0%.
- APi's Operating Income stood at $49.0 million in 2022, then soared by 53.06% to $75.0 million in 2023, then jumped by 54.67% to $116.0 million in 2024, then surged by 41.38% to $164.0 million in 2025, then sank by 37.2% to $103.0 million in 2026.
- The last three Operating Income figures came in at $103.0 million (Q1 2026), $164.0 million (Q4 2025), and $163.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 338.78 Mn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 485.72 Mn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 403.85 Mn |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 141.80 Mn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 137.81 Mn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 103.00 Mn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | -81.18 Mn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 112.26 Mn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | TopBuild | 11.46 Bn | 11.19 Bn | 400.25 Mn | 175.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 103.00 Mn |
| Dec 31, 2025 | 164.00 Mn |
| Sep 30, 2025 | 163.00 Mn |
| Jun 30, 2025 | 143.00 Mn |
| Mar 31, 2025 | 84.00 Mn |
| Dec 31, 2024 | 116.00 Mn |
| Sep 30, 2024 | 142.00 Mn |
| Jun 30, 2024 | 126.00 Mn |
| Mar 31, 2024 | 100.00 Mn |
| Dec 31, 2023 | 75.00 Mn |
| Sep 30, 2023 | 104.00 Mn |
| Jun 30, 2023 | 107.00 Mn |
| Mar 31, 2023 | 73.00 Mn |
| Dec 31, 2022 | 49.00 Mn |
| Sep 30, 2022 | 61.00 Mn |
| Jun 30, 2022 | 2.00 Mn |
| Mar 31, 2022 | -7.00 Mn |
| Dec 31, 2021 | -74.00 Mn |
| Sep 30, 2021 | 41.00 Mn |
| Jun 30, 2021 | 6.00 Mn |