Safety Services was APi’s largest segment in fiscal 2025, bringing in $2.73B of $3.82B (71%).
| Statement Business Segments | FY 2018 | FY 2019 | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Safety Services | $1.94B | $2.17B | $2.73B | |||||
| Specialty Services | $1.22B | $998.00M | $1.09B | |||||
| Life Safety | — | — | — | |||||
| Infrastructure/Utility | — | — | — | |||||
| Mechanical | — | — | — | |||||
| Specialty Contracting | — | — | — | |||||
| Transmission | — | — | — | |||||
| Heating, Ventilation & Air Conditioning ("Hvac") | — | — | — | |||||
| Inspection | — | — | — | |||||
| Fabrication | — | — | — | |||||
| Civil | — | — | — | |||||
| Corporate & Eliminations | — | — | — | |||||
| Total | $3.16B | $3.17B | $3.82B |
APi brought in $3.82B from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $7.92B it reports by segment, so these segments do not cover all of its revenue. Safety Services was the largest at $2.73B (71.4%), ahead of Specialty Services at $1.09B (28.6%).
Compared with fiscal 2024, Safety Services grew 25.7% to $2.73B and Specialty Services grew 9.6% to $1.09B.
United States was APi’s largest region in fiscal 2025, bringing in $2.72B of $5.45B (50%).
| Geography | FY 2018 | FY 2019 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| United States | $2.10B | $2.46B | $2.22B | $2.72B | |||||
| Other | $1.86B | $1.94B | $1.99B | $2.04B | |||||
| France | $564.00M | $607.00M | $637.00M | $691.00M | |||||
| Canada & Europe | — | — | — | — | |||||
| Total | $4.53B | $5.01B | $4.84B | $5.45B |
APi brought in $5.45B from its three regions in fiscal 2025, the year ended December 31, 2025. That is less than the $7.92B it reports by segment, so these regions do not cover all of its revenue. United States was the largest at $2.72B (49.9%), ahead of Other at $2.04B (37.4%) and France at $691.00M (12.7%).
Compared with fiscal 2024, United States grew fastest, up 22.8% to $2.72B. Every region above 2% of revenue grew.
Life Safety was APi’s largest segment in fiscal 2025, bringing in $5.46B of $7.92B (69%).
| Segment | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Life Safety | — | $4.08B | $4.43B | $4.80B | $5.46B | |||
| Consolidated | $6.93B | — | — | — | — | |||
| Corporate & Elimination | — | — | — | — | — | |||
| Safety Services | — | — | — | — | — | |||
| Infrastructure/Utility | — | $1.15B | — | — | — | |||
| Infrastructure & Utility | — | — | $1.22B | $998.00M | $1.02B | |||
| Specialty Contracting | — | $623.00M | $1.04B | $941.00M | $1.09B | |||
| Industrial Services | — | — | — | — | — | |||
| Specialty Services | — | — | — | — | — | |||
| Hvac | — | $498.00M | — | — | — | |||
| Fabrication & Distribution | — | — | $262.00M | $290.00M | $342.00M | |||
| Fabrication | — | $253.00M | — | — | — | |||
| Corporate & Eliminations | — | — | — | — | — | |||
| Total | $6.93B | $6.61B | $6.94B | $7.03B | $7.92B |
APi brought in $7.92B from its four segments in fiscal 2025, the year ended December 31, 2025. That was up 12.7% from $7.03B in fiscal 2024. Life Safety was the largest at $5.46B (68.9%), ahead of Specialty Contracting at $1.09B (13.8%) and Infrastructure & Utility at $1.02B (12.9%). The remaining segment, Fabrication & Distribution, brought in $342.00M.
Compared with fiscal 2024, Fabrication & Distribution grew fastest, up 17.9% to $342.00M. Every segment above 2% of revenue grew.
APi began breaking out Infrastructure & Utility in fiscal 2023 and Fabrication & Distribution in fiscal 2023. APi stopped reporting Consolidated ($6.93B in fiscal 2022), Infrastructure/Utility ($1.15B in fiscal 2022), Hvac ($498.00M in fiscal 2022) and one other as separate segments.
APi (APG) reports its revenue by statement business segments, by geography and by segment. In fiscal 2025, Safety Services was its largest segment, bringing in $2.73B (71.4% of the total), followed by Specialty Services at $1.09B (28.6%).
Safety Services was APi's largest segment in fiscal 2025, bringing in $2.73B, or 71.4% of the $3.82B total across its two segments.
United States was APi's largest region in fiscal 2025, bringing in $2.72B, or 49.9% of the $5.45B total across its three regions.
Safety Services grew faster than Specialty Services in fiscal 2025, up 25.7% from $2.17B to $2.73B. Specialty Services grew 9.6% to $1.09B.
Every figure comes from APi's annual financial filings, as reported. Each line keeps the name APi gives it, and years follow its fiscal calendar.
APi's revenue by statement business segments goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.