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
DateValue
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%