APi (APG) Operating Margin (2019 - 2026)
APi's (APG) quarterly Operating Margin came in at 7.76% in Q2 2026, up 58.0% on a YoY basis from 4.91% in Q2 2025, and up 49.4% quarter-over-quarter from 5.2% in Q1 2026.
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APi (APG) Operating Margin (2019 - 2026) Analysis & Trends
APi (APG) has reported Operating Margin for 8 consecutive years, with 7.76% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 58.0% year-over-year to 7.76%; the trailing twelve-month figure through Jun 2026 stood at 7.17% (up 61.0% YoY), and the FY2025 full-year result was 7.0%, up 11.0% from the prior year.
- Operating Margin climbed to 7.76% in Q2 2026 per APG's latest filing, from 5.2% in the prior quarter.
- Across five years, Operating Margin topped out at 7.82% in Q3 2025 and bottomed at 0.48% in Q1 2022.
- Historically, Operating Margin has averaged 5.46% across 5 years, with a median of 5.94% in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 162 bps in 2022, then jumped 500 bps in 2023.
- Over 5 years, Operating Margin stood at 2.88% in 2022, then soared by 48 bps to 4.26% in 2023, then jumped by 46 bps to 6.23% in 2024, then gained by 24 bps to 7.75% in 2025, then gained by 0 bps to 7.76% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 7.76%, 5.2%, and 7.75% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 80.63 Bn | 80.34 Bn | 1.48 Bn | 23.17% |
| 2 | Iron Mountain | 34.27 Bn | 34.39 Bn | 1.07 Bn | 18.41% |
| 3 | Rollins | 16.72 Bn | 16.61 Bn | 569.95 Mn | 18.67% |
| 4 | APi | 16.37 Bn | 15.51 Bn | 703.00 Mn | 7.76% |
| 5 | Aramark | 15.43 Bn | 15.00 Bn | 430.34 Mn | 4.26% |
| 6 | FirstService | 6.30 Bn | 6.63 Bn | 480.66 Mn | 6.88% |
| 7 | Unifirst | 4.96 Bn | 4.79 Bn | 234.73 Mn | 3.63% |
| 8 | Geo | 4.16 Bn | 3.91 Bn | - | 13.89% |
| 9 | CoreCivic | 3.45 Bn | 3.34 Bn | - | - |
| 10 | Abm Industries | 2.90 Bn | 2.79 Bn | 286.10 Mn | 3.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.76% |
| Mar 31, 2026 | 5.20% |
| Dec 31, 2025 | 7.75% |
| Sep 30, 2025 | 7.82% |
| Jun 30, 2025 | 7.19% |
| Mar 31, 2025 | 4.89% |
| Dec 31, 2024 | 6.23% |
| Sep 30, 2024 | 7.78% |
| Jun 30, 2024 | 7.28% |
| Mar 31, 2024 | 6.25% |
| Dec 31, 2023 | 4.26% |
| Sep 30, 2023 | 5.83% |
| Jun 30, 2023 | 6.04% |
| Mar 31, 2023 | 4.52% |
| Dec 31, 2022 | 2.88% |
| Sep 30, 2022 | 3.52% |
| Jun 30, 2022 | 3.58% |
| Mar 31, 2022 | -0.48% |
| Dec 31, 2021 | 4.50% |
| Sep 30, 2021 | 3.92% |