APi (APG) Operating Leases (2019 - 2026)

APi (APG) reported Operating Leases of $213.0 million for Q1 2026, up 10.94% on a YoY basis from $192.0 million in Q1 2025, and down 0.93% quarter-over-quarter from $215.0 million in Q4 2025.

APi (APG) Operating Leases (2019 - 2026) Analysis & Trends

APi has reported Operating Leases for 8 years, with the latest figure at $213.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases rose 10.94% year-over-year to $213.0 million; the trailing twelve-month figure through Mar 2026 stood at $213.0 million (up 10.94% YoY), and the FY2025 full-year result was $215.0 million, up 11.98% from the prior year.
  • Operating Leases for Q1 2026 stood at $213.0 million, down from $215.0 million in the prior quarter.
  • The five-year high for Operating Leases was $215.0 million in Q4 2025, with the low at $155.0 million in Q1 2023.
  • Historically, Operating Leases has averaged $183.6 million across 5 years, with a median of $185.0 million in 2024.
  • Annual changes were most pronounced in 2022 — Operating Leases soared 133.33% — and 2023, when it dropped 17.99%.
  • APi's Operating Leases stood at $166.0 million in 2022, then rose by 3.61% to $172.0 million in 2023, then rose by 11.63% to $192.0 million in 2024, then advanced by 11.98% to $215.0 million in 2025, then dropped by 0.93% to $213.0 million in 2026.
  • The last three Operating Leases figures came in at $213.0 million (Q1 2026), $215.0 million (Q4 2025), and $200.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Quanta Services 103.91 Bn 103.65 Bn 1.11 Bn
2 Comfort Systems Usa 65.18 Bn 64.13 Bn 754.41 Mn
3 Emcor 36.65 Bn 35.73 Bn 863.95 Mn
4 Mastec 28.10 Bn 27.94 Bn 477.90 Mn
5 Sterling Infrastructure 27.31 Bn 26.80 Bn 194.30 Mn
6 APi 18.18 Bn 17.54 Bn 620.00 Mn
7 IES Holdings 14.63 Bn 14.37 Bn 254.79 Mn
8 Jacobs Solutions 14.18 Bn 12.80 Bn 794.89 Mn
9 Dycom Industries 13.76 Bn 13.05 Bn -
10 TopBuild 11.17 Bn 10.90 Bn 400.25 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 213.00 Mn
Dec 31, 2025 215.00 Mn
Sep 30, 2025 200.00 Mn
Jun 30, 2025 208.00 Mn
Mar 31, 2025 192.00 Mn
Dec 31, 2024 192.00 Mn
Sep 30, 2024 193.00 Mn
Jun 30, 2024 185.00 Mn
Mar 31, 2024 173.00 Mn
Dec 31, 2023 172.00 Mn
Sep 30, 2023 170.00 Mn
Jun 30, 2023 168.00 Mn
Mar 31, 2023 155.00 Mn
Dec 31, 2022 166.00 Mn
Sep 30, 2022 158.00 Mn
Jun 30, 2022 172.00 Mn
Mar 31, 2022 189.00 Mn
Dec 31, 2021 79.00 Mn
Sep 30, 2021 79.00 Mn
Jun 30, 2021 81.00 Mn