Life Safety was APi’s largest product and service line in fiscal 2025, bringing in $5.46B of $7.91B (69%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Life Safety | $4.08B | $4.43B | $4.80B | $5.46B | ||||
| Safety Services | — | — | — | — | ||||
| Specialty 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 | — | — | — | — | ||||
| Hvac | $498.00M | — | — | — | ||||
| Fabrication & Distribution | — | $262.00M | $290.00M | $342.00M | ||||
| Fabrication | $253.00M | — | — | — | ||||
| Intersegment Revenues | — | — | — | -$5.00M | ||||
| Corporate & Elimination | — | — | — | — | ||||
| Corporate & Eliminations | -$47.00M | -$15.00M | -$8.00M | -$5.00M | ||||
| Total | $6.56B | $6.93B | $7.02B | $7.91B |
APi brought in $7.91B from its six product and service lines in fiscal 2025, the year ended December 31, 2025. APi regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $7.02B. Life Safety was the largest at $5.46B (69.0%), ahead of Specialty Contracting at $1.09B (13.8%) and Infrastructure & Utility at $1.02B (13.0%). The remaining line, Fabrication & Distribution, brought in $342.00M.
Compared with fiscal 2024, Fabrication & Distribution grew fastest, up 17.9% to $342.00M. Every line above 2% of revenue grew.
APi began breaking out Infrastructure & Utility in fiscal 2023, Fabrication & Distribution in fiscal 2023 and Intersegment Revenues in fiscal 2025. APi stopped reporting Infrastructure/Utility ($1.15B in fiscal 2022), Hvac ($498.00M in fiscal 2022) and Fabrication ($253.00M in fiscal 2022) as separate lines. The total is net of Intersegment Revenues, which took $5.00M off revenue in fiscal 2025.
Safety Services was APi’s largest segment in fiscal 2025, bringing in $5.46B of $7.91B (69%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Safety Services | $4.58B | $4.43B | $4.80B | $5.46B | ||||
| Specialty Services | $2.03B | $2.52B | $2.23B | $2.46B | ||||
| Life Safety | — | — | — | — | ||||
| Infrastructure/Utility | — | — | — | — | ||||
| Mechanical | — | — | — | — | ||||
| Specialty Contracting | — | — | — | — | ||||
| Transmission | — | — | — | — | ||||
| Heating, Ventilation & Air Conditioning ("Hvac") | — | — | — | — | ||||
| Inspection | — | — | — | — | ||||
| Fabrication | — | — | — | — | ||||
| Civil | — | — | — | — | ||||
| Intersegment Revenues | — | — | — | -$5.00M | ||||
| Corporate & Eliminations | -$47.00M | -$15.00M | -$8.00M | -$5.00M | ||||
| Total | $6.56B | $6.93B | $7.02B | $7.91B |
APi brought in $7.91B from its four segments in fiscal 2025, the year ended December 31, 2025. APi regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $7.02B. Safety Services was the largest at $5.46B (69.0%), ahead of Specialty Services at $2.46B (31.1%).
Compared with fiscal 2024, Safety Services grew 13.7% to $5.46B and Specialty Services grew 10.4% to $2.46B.
APi began breaking out Intersegment Revenues in fiscal 2025, when it brought in -$5.00M. The total is net of Intersegment Revenues, which took $5.00M off revenue in fiscal 2025.
United States was APi’s largest region in fiscal 2025, bringing in $5.19B of $7.91B (66%).
| Geography | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| United States | $4.11B | $4.35B | $4.39B | $5.19B | ||||
| Other | $1.93B | $1.98B | $2.00B | $2.04B | ||||
| France | $564.00M | $607.00M | $637.00M | $691.00M | ||||
| Canada & Europe | — | — | — | — | ||||
| Intersegment Revenues | — | — | — | -$5.00M | ||||
| Corporate & Eliminations | -$47.00M | -$15.00M | -$8.00M | -$5.00M | ||||
| Total | $6.56B | $6.93B | $7.02B | $7.91B |
APi brought in $7.91B from its five regions in fiscal 2025, the year ended December 31, 2025. APi regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $7.02B. United States was the largest at $5.19B (65.6%), ahead of Other at $2.04B (25.8%) and France at $691.00M (8.7%).
Compared with fiscal 2024, United States grew fastest, up 18.1% to $5.19B. Every region above 2% of revenue grew.
APi began breaking out Intersegment Revenues in fiscal 2025, when it brought in -$5.00M. The total is net of Intersegment Revenues, which took $5.00M off revenue in fiscal 2025.
APi (APG) reports its revenue by product and service, by segment and by geography. In fiscal 2025, Life Safety was its largest product and service line, bringing in $5.46B (69.0% of the total), followed by Specialty Contracting at $1.09B (13.8%).
Life Safety was APi's largest product and service line in fiscal 2025, bringing in $5.46B, or 69.0% of the $7.91B total across its six product and service lines.
Safety Services was APi's largest segment in fiscal 2025, bringing in $5.46B, or 69.0% of the $7.91B total across its four segments.
United States was APi's largest region in fiscal 2025, bringing in $5.19B, or 65.6% of the $7.91B total across its five regions.
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 product and service 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.