APi (APG) Operating Margin (2019 - 2026)
APi's Operating Margin was 7.91% in Q3 2026, up 0.09 percentage points from 7.82% a year earlier and up 0.15 percentage points from the prior quarter.
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Analysis
APi (APG) Operating Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, APi's Operating Margin was 7.23% through Sep 30, 2026, up 0.62 percentage points year-over-year; for FY2025, it came in at 7.00%, up 0.11 percentage points from FY2024.
- Operating Margin has now increased for three consecutive years, with a five-year change of +11.63 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 6.90% in FY2024 (+1.71 pp), 5.18% in FY2023 (+2.71 pp), 2.47% in FY2022 (-0.98 pp) and 3.45% in FY2021 (+8.08 pp).
- The Q3 2026 figure marks the highest quarterly Operating Margin in data going back to Q1 2019.
- Compared with a year earlier, Operating Margin has increased for five straight quarters, with an average year-over-year change of +0.38 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q4 2021 (a gain of 6.88 percentage points); the worst was Q4 2022 (a drop of 1.62 percentage points).
- Per Business Quant data, APG's Operating Margin in the three quarters before Q3 2026 was 7.76% (Q2 2026), 5.20% (Q1 2026) and 7.75% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 155.46 Bn | 113.39 Bn | 5.98 Bn | 15.33% |
| 2 | Cintas | 91.19 Bn | 90.27 Bn | 1.55 Bn | 23.62% |
| 3 | Iron Mountain | 33.43 Bn | 32.62 Bn | 1.06 Bn | 20.63% |
| 4 | APi | 18.50 Bn | 15.72 Bn | 770.00 Mn | 7.91% |
| 5 | Rollins | 18.35 Bn | 17.89 Bn | 582.90 Mn | 20.45% |
| 6 | UL Solutions | 16.47 Bn | 14.50 Bn | 423.00 Mn | 19.68% |
| 7 | Aramark | 14.20 Bn | 12.21 Bn | 430.34 Mn | 4.26% |
| 8 | Rentokil Initial | 12.12 Bn | 5.63 Bn | - | - |
| 9 | Gartner | 12.05 Bn | 5.53 Bn | 1.07 Bn | 18.68% |
| 10 | Booz Allen Hamilton Holding | 10.28 Bn | 7.80 Bn | 1.45 Bn | 8.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.91% |
| 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% |
API Access
APi Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=APG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "APG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=APG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();