APi (APG) Tax Rate (2019 - 2026)
APi (APG) reported Tax Rate of 19.72% for Q1 2026, down 419.0% on a YoY basis from 6.18% in Q1 2025, and down 20.51% quarter-over-quarter from 24.81% in Q4 2025.
APi (APG) Tax Rate (2019 - 2026) Analysis & Trends
APi has reported Tax Rate for 8 years, with the latest figure at 19.72% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 419.0% year-over-year to 19.72%; the trailing twelve-month figure through Mar 2026 stood at 26.03% (up 270.0% YoY), and the FY2025 full-year result was 26.88%, up 263.0% from the prior year.
- Tax Rate for Q1 2026 stood at 19.72%, down from 24.81% in the prior quarter.
- The five-year high for Tax Rate was 69.57% in Q1 2022, with the low at 14.1% in Q4 2024.
- Historically, Tax Rate has averaged 30.39% across 5 years, with a median of 28.57% in 2024.
- Annual changes were most pronounced in 2022 — Tax Rate sank 3916 bps — and 2023, when it jumped 2906 bps.
- APi's Tax Rate stood at 15.38% in 2022, then surged by 189 bps to 44.44% in 2023, then sank by 68 bps to 14.1% in 2024, then surged by 76 bps to 24.81% in 2025, then slipped by 21 bps to 19.72% in 2026.
- The last three Tax Rate figures came in at 19.72% (Q1 2026), 24.81% (Q4 2025), and 28.46% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 9.72% |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 23.18% |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 25.50% |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 23.81% |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 24.50% |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 19.72% |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 34.52% |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 25.78% |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | TopBuild | 11.46 Bn | 11.19 Bn | 400.25 Mn | 25.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.72% |
| Mar 31, 2026 | 19.72% |
| Dec 31, 2025 | 24.81% |
| Dec 31, 2025 | 24.81% |
| Sep 30, 2025 | 28.46% |
| Sep 30, 2025 | 28.46% |
| Jun 30, 2025 | 28.70% |
| Jun 30, 2025 | 28.70% |
| Mar 31, 2025 | 23.91% |
| Mar 31, 2025 | 23.91% |
| Dec 31, 2024 | 14.10% |
| Dec 31, 2024 | 14.10% |
| Sep 30, 2024 | 31.00% |
| Sep 30, 2024 | 31.00% |
| Jun 30, 2024 | 22.47% |
| Jun 30, 2024 | 22.47% |
| Mar 31, 2024 | 28.57% |
| Mar 31, 2024 | 28.57% |
| Dec 31, 2023 | 44.44% |
| Dec 31, 2023 | 44.44% |