APi Group (APG) Financials

$45.61 -0.11 (-0.24%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$45.61 0.00 (0.00%)

As of 05/23/2025 07:44 PM Eastern

Annual Income Statements for APi Group

This table shows APi Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Net Income / (Loss) Attributable to Common Shareholders	-224	-161	29	-137	-375	-153	136
Consolidated Net Income / (Loss)	250	153	73	47	-153	-153	136
Net Income / (Loss) Continuing Operations	250	153	73	47	-153	-153	136
Total Pre-Tax Income	330	232	93	79	-184	-151	146
Total Operating Income	484	359	162	136	-166	-161	162
Total Gross Profit	2,178	1,940	1,714	939	756	198	787
Total Revenue	7,018	6,928	6,558	3,940	3,587	985	3,728
Operating Revenue	7,018	6,928	6,558	3,940	3,587	985	3,728
Total Cost of Revenue	4,840	4,988	4,844	3,001	2,831	787	2,941
Operating Cost of Revenue	4,840	4,988	4,844	3,001	2,831	787	2,941
Total Operating Expenses	1,694	1,581	1,552	803	922	359	625
Selling, General & Admin Expense	1,694	1,581	1,552	803	725	359	625
Total Other Income / (Expense), net	-154	-127	-69	-57	-18	10	-16
Interest Expense	1.00	7.00	-5.00	69	52	15	22
Interest & Investment Income	-146	-145	-125	12	34	-	-
Other Income / (Expense), net	-7.00	25	51	0.00	0.00	25	6.00
Income Tax Expense	80	79	20	32	-31	2.00	10
Preferred Stock Dividends Declared	474	314	44	184	222	0.00	0.00
Basic Earnings per Share	($0.84)	($0.68)	$0.10	($0.67)	($2.21)	($1.15)	$0.00
Weighted Average Basic Shares Outstanding	267.68M	235.14M	233.20M	206M	169M	133M	0.00
Diluted Earnings per Share	($0.84)	($0.68)	$0.10	($0.67)	($2.21)	($1.15)	$0.00
Weighted Average Diluted Shares Outstanding	267.68M	235.14M	266.08M	206M	169M	133M	0.00
Weighted Average Basic & Diluted Shares Outstanding	277.56M	244.15M	234.54M	232.58M	200.65M	-	-

This table shows APi Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	31	-28	69	69	-334	-256	43	37	15	11	17
Consolidated Net Income / (Loss)	35	67	69	69	45	25	54	48	26	22	28
Net Income / (Loss) Continuing Operations	35	67	69	69	45	25	54	48	26	22	28
Total Pre-Tax Income	46	78	100	89	63	45	74	75	38	26	46
Total Operating Income	84	116	142	126	100	75	104	107	73	49	61
Total Gross Profit	542	575	567	544	492	508	511	496	425	463	440
Total Revenue	1,719	1,861	1,826	1,730	1,601	1,759	1,784	1,771	1,614	1,703	1,735
Operating Revenue	1,719	1,861	1,826	1,730	1,601	1,759	1,784	1,771	1,614	1,703	1,735
Total Cost of Revenue	1,177	1,286	1,259	1,186	1,109	1,251	1,273	1,275	1,189	1,240	1,295
Operating Cost of Revenue	1,177	1,286	1,259	1,186	1,109	1,251	1,273	1,275	1,189	1,240	1,295
Total Operating Expenses	458	459	425	418	392	433	407	389	352	414	379
Selling, General & Admin Expense	458	459	425	418	392	433	407	389	352	414	379
Total Other Income / (Expense), net	-38	-38	-42	-37	-37	-30	-30	-32	-35	-23	-15
Interest & Investment Income	-38	-	-41	-35	-	-	-37	-38	-	-130	3.00
Other Income / (Expense), net	0.00	-1.00	-1.00	-2.00	-3.00	7.00	7.00	6.00	5.00	19	10
Income Tax Expense	11	11	31	20	18	20	20	27	12	4.00	18
Preferred Stock Dividends Declared	4.00	95	0.00	0.00	379	281	11	11	11	11	11
Basic Earnings per Share	$0.11	$0.04	$0.23	$0.23	($1.34)	($1.00)	$0.15	$0.12	$0.05	$0.06	$0.06
Weighted Average Basic Shares Outstanding	277.23M	267.68M	274.64M	271.54M	249.74M	235.14M	235.42M	235.18M	234.39M	233.20M	233.61M
Diluted Earnings per Share	$0.11	$0.05	$0.23	$0.22	($1.34)	($1.00)	$0.15	$0.12	$0.05	$0.06	$0.06
Weighted Average Diluted Shares Outstanding	278.28M	267.68M	275.92M	275.73M	249.74M	235.14M	270.04M	269.56M	267.17M	266.08M	266.46M
Weighted Average Basic & Diluted Shares Outstanding	276.84M	277.56M	274.78M	274.70M	274.29M	244.15M	235.56M	235.79M	235.21M	234.54M	-

This table details how cash moves in and out of APi Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Net Change in Cash & Equivalents	21	-127	-884	976	259	-181	13
Net Cash From Operating Activities	620	514	270	182	496	150	112
Net Cash From Continuing Operating Activities	620	514	270	182	496	150	112
Net Income / (Loss) Continuing Operations	250	153	73	47	-153	-153	136
Consolidated Net Income / (Loss)	250	153	73	47	-153	-153	136
Depreciation Expense	80	79	77	75	81	18	60
Amortization Expense	222	224	227	127	182	51	49
Non-Cash Adjustments To Reconcile Net Income	130	166	53	20	364	270	-43
Changes in Operating Assets and Liabilities, net	-62	-108	-160	-87	22	-36	-90
Net Cash From Investing Activities	-829	-115	-2,901	-121	-340	-1,728	-300
Net Cash From Continuing Investing Activities	-829	-115	-2,901	-121	-340	-1,728	-300
Purchase of Property, Plant & Equipment	-84	-86	-79	-55	-38	-11	-74
Acquisitions	-778	-83	-2,839	-86	-319	-2,565	-234
Sale of Property, Plant & Equipment	33	54	17	20	17	5.00	5.00
Net Cash From Financing Activities	245	-532	1,756	917	99	1,398	203
Net Cash From Continuing Financing Activities	245	-532	1,756	917	99	1,398	203
Repayment of Debt	-442	-484	-93	-332	-29	-24	-13
Repurchase of Preferred Equity	-600	0.00	0.00	-	-	-	-
Repurchase of Common Equity	0.00	-41	-44	0.00	-30	0.00	0.00
Issuance of Debt	850	0.00	1,104	650	250	1,214	315
Issuance of Common Equity	458	0.00	797	676	3.00	-	0.00
Other Financing Activities, net	-21	-7.00	-8.00	-77	-95	208	-25
Effect of Exchange Rate Changes	-15	6.00	-9.00	-2.00	4.00	-1.00	-2.00
Cash Interest Paid	152	150	120	41	47	14	24
Cash Income Taxes Paid	101	95	43	66	29	3.00	9.00

This table details how cash moves in and out of APi Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-40	12	163	78	-232	18	92	5.00	-242	209	65
Net Cash From Operating Activities	62	283	220	110	7.00	297	144	74	-1.00	188	146
Net Cash From Continuing Operating Activities	62	283	220	110	7.00	297	144	74	-1.00	188	146
Net Income / (Loss) Continuing Operations	35	67	69	69	45	25	54	48	26	22	28
Consolidated Net Income / (Loss)	35	67	69	69	45	25	54	48	26	22	28
Depreciation Expense	20	20	21	20	19	20	21	19	19	17	22
Amortization Expense	60	61	56	55	50	57	56	56	55	62	51
Non-Cash Adjustments To Reconcile Net Income	17	123	-5.00	15	-3.00	145	19	9.00	-7.00	153	-28
Changes in Operating Assets and Liabilities, net	-70	12	79	-49	-104	50	-6.00	-58	-94	-66	73
Net Cash From Investing Activities	-14	-149	-57	-601	-22	-7.00	-26	-55	-27	30	-28
Net Cash From Continuing Investing Activities	-14	-149	-57	-601	-22	-7.00	-26	-55	-27	30	-28
Purchase of Property, Plant & Equipment	-12	-18	-22	-22	-22	-22	-18	-25	-21	-19	-26
Acquisitions	-6.00	-131	-41	-583	-23	-26	-12	-35	-10	42	-6.00
Sale of Property, Plant & Equipment	4.00	-	6.00	4.00	23	41	4.00	5.00	4.00	7.00	4.00
Net Cash From Financing Activities	-98	-103	-9.00	570	-213	-279	-21	-16	-216	-17	-45
Net Cash From Continuing Financing Activities	-98	-103	-9.00	570	-213	-279	-21	-16	-216	-17	-45
Repayment of Debt	-2.00	-101	-3.00	-336	-2.00	-278	-2.00	-2.00	-202	-5.00	-32
Repurchase of Preferred Equity	0.00	-	-	-	-600	-	-	-	0.00	-	-
Repurchase of Common Equity	-75	-	-	-	0.00	-	-18	-11	-12	-11	-11
Issuance of Debt	0.00	-	-	450	400	-	-	-	0.00	-	3.00
Other Financing Activities, net	-21	-2.00	-6.00	-	-	-1.00	-1.00	-	-	-1.00	-5.00
Effect of Exchange Rate Changes	10	-19	9.00	-1.00	-4.00	7.00	-5.00	2.00	2.00	8.00	-8.00
Cash Interest Paid	35	38	38	40	36	31	40	52	27	39	33
Cash Income Taxes Paid	23	35	14	17	35	25	22	29	19	19	8.00

This table presents APi Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Total Assets	8,152	7,590	8,091	5,159	4,065	4,011
Total Current Assets	2,658	2,582	2,652	2,626	1,437	1,342
Cash & Equivalents	499	479	605	1,188	515	256
Accounts Receivable	1,444	1,395	1,313	767	639	730
Inventories, net	143	150	163	69	64	58
Prepaid Expenses	119	122	112	83	77	33
Other Current Assets	453	436	459	217	142	265
Plant, Property, & Equipment, net	0.00	0.00	0.00	326	355	402
Total Noncurrent Assets	5,494	5,008	5,439	2,207	2,273	2,267
Goodwill	2,894	2,471	2,382	1,106	1,082	980
Intangible Assets	1,660	1,620	1,784	882	965	1,121
Noncurrent Deferred & Refundable Income Taxes	57	113	108	73	89	0.00
Employee Benefit Assets	120	111	392	0.00	-	-
Other Noncurrent Operating Assets	763	693	773	146	137	166
Total Liabilities & Shareholders' Equity	8,152	7,590	8,091	5,159	4,065	4,011
Total Liabilities	5,199	4,722	5,167	2,836	2,507	2,254
Total Current Liabilities	1,885	1,807	1,921	867	841	823
Short-Term Debt	4.00	5.00	206	1.00	18	19
Accounts Payable	497	472	490	236	150	156
Accrued Expenses	684	707	662	338	315	306
Current Deferred Revenue	590	526	463	243	219	193
Other Current Liabilities	110	97	100	49	72	76
Total Noncurrent Liabilities	3,314	2,915	3,246	1,969	1,666	1,431
Long-Term Debt	2,749	2,322	2,583	1,766	1,397	1,171
Noncurrent Deferred & Payable Income Tax Liabilities	198	233	340	43	45	23
Noncurrent Employee Benefit Liabilities	48	50	40	0.00	-	-
Other Noncurrent Operating Liabilities	319	310	283	160	224	159
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	-
Redeemable Noncontrolling Interest	0.00	797	797	0.00	-	-
Total Equity & Noncontrolling Interests	2,953	2,071	2,127	2,323	1,558	1,757
Total Preferred & Common Equity	2,953	2,071	2,127	2,323	1,558	1,757
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,953	2,071	2,127	2,323	1,558	1,757
Common Stock	3,305	2,572	2,558	2,560	1,856	1,885
Retained Earnings	215	-11	-164	-237	-284	-131
Accumulated Other Comprehensive Income / (Loss)	-567	-490	-267	0.00	-14	3.00

This table presents APi Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023
Total Assets	8,098	8,245	7,961	7,192	7,949	7,974	7,766
Total Current Assets	2,586	2,691	2,454	2,232	2,652	2,532	2,364
Cash & Equivalents	460	487	324	247	461	368	363
Accounts Receivable	1,356	1,344	1,314	1,256	1,280	1,318	1,221
Inventories, net	150	155	155	148	155	170	163
Prepaid Expenses	135	152	152	123	226	167	127
Other Current Assets	485	553	509	458	530	509	490
Plant, Property, & Equipment, net	372	387	383	375	377	418	412
Total Noncurrent Assets	5,140	5,167	5,124	4,585	4,920	5,024	4,990
Goodwill	2,940	2,931	2,825	2,471	2,404	2,444	2,405
Intangible Assets	1,635	1,732	1,773	1,549	1,624	1,703	1,734
Noncurrent Deferred & Refundable Income Taxes	64	68	50	115	107	106	111
Employee Benefit Assets	119	103	103	106	407	420	404
Other Noncurrent Operating Assets	382	333	373	344	378	351	336
Total Liabilities & Shareholders' Equity	8,098	8,245	7,961	7,192	7,949	7,974	7,766
Total Liabilities	5,116	5,278	5,126	4,891	4,920	4,930	4,804
Total Current Liabilities	1,762	1,781	1,662	1,654	1,899	1,651	1,549
Short-Term Debt	4.00	5.00	4.00	105	256	6.00	6.00
Accounts Payable	450	454	424	382	431	473	442
Accrued Expenses	567	643	584	529	648	591	528
Other Current Liabilities	741	109	650	96	90	90	104
Total Noncurrent Liabilities	3,354	3,497	3,464	3,237	3,021	3,279	3,255
Long-Term Debt	2,750	2,847	2,844	2,624	2,342	2,590	2,588
Noncurrent Deferred & Payable Income Tax Liabilities	207	248	236	236	340	351	344
Noncurrent Employee Benefit Liabilities	50	52	50	48	37	38	38
Other Noncurrent Operating Liabilities	347	350	334	329	302	300	285
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,982	2,967	2,835	2,301	2,232	2,247	2,165
Total Preferred & Common Equity	2,982	2,967	2,835	2,301	2,232	2,247	2,165
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,982	2,967	2,835	2,301	2,232	2,247	2,165
Common Stock	3,252	3,300	3,280	2,814	2,562	2,565	2,569
Retained Earnings	250	148	79	10	-36	-90	-138
Accumulated Other Comprehensive Income / (Loss)	-520	-481	-524	-523	-294	-228	-266

This table displays calculated financial ratios and metrics derived from APi Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	1.30%	5.64%	66.45%	9.84%	264.16%	-73.58%	0.00%
EBITDA Growth	13.39%	32.88%	52.96%	248.45%	244.78%	-124.19%	0.00%
EBIT Growth	24.22%	80.28%	56.62%	181.93%	-22.06%	-180.95%	0.00%
NOPAT Growth	54.87%	86.18%	57.16%	169.63%	-3.11%	-174.68%	0.00%
Net Income Growth	63.40%	109.59%	55.32%	130.72%	0.00%	-212.50%	0.00%
EPS Growth	-23.53%	-780.00%	114.93%	69.68%	-92.17%	0.00%	0.00%
Operating Cash Flow Growth	20.62%	90.37%	48.35%	-63.31%	230.67%	33.93%	0.00%
Free Cash Flow Firm Growth	-119.77%	126.41%	-3,797.35%	-152.30%	104.17%	0.00%	0.00%
Invested Capital Growth	10.41%	-7.67%	96.46%	5.78%	-8.66%	0.00%	0.00%
Revenue Q/Q Growth	1.47%	0.81%	0.00%	6.20%	515.27%	0.00%	0.00%
EBITDA Q/Q Growth	6.86%	3.15%	0.00%	10.46%	151.87%	0.00%	0.00%
EBIT Q/Q Growth	10.67%	6.37%	0.00%	60.00%	55.62%	0.00%	0.00%
NOPAT Q/Q Growth	18.18%	0.96%	0.00%	248.54%	59.31%	0.00%	0.00%
Net Income Q/Q Growth	20.19%	2.00%	0.00%	370.00%	58.65%	0.00%	0.00%
EPS Q/Q Growth	55.56%	-278.95%	0.00%	45.97%	-11.06%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-2.21%	26.91%	0.00%	-22.55%	48.50%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-186.19%	112.75%	-190.22%	80.22%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-2.34%	-8.71%	0.00%	-1.48%	6.55%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	31.03%	28.00%	26.14%	23.83%	21.08%	20.10%	21.11%
EBITDA Margin	11.10%	9.92%	7.88%	8.58%	2.70%	-6.80%	7.43%
Operating Margin	6.90%	5.18%	2.47%	3.45%	-4.63%	-16.35%	4.35%
EBIT Margin	6.80%	5.54%	3.25%	3.45%	-4.63%	-13.81%	4.51%
Profit (Net Income) Margin	3.56%	2.21%	1.11%	1.19%	-4.27%	-15.53%	3.65%
Tax Burden Percent	75.76%	65.95%	78.49%	59.49%	83.15%	101.32%	93.15%
Interest Burden Percent	69.18%	60.42%	43.66%	58.09%	110.84%	111.03%	86.90%
Effective Tax Rate	24.24%	34.05%	21.51%	40.51%	0.00%	0.00%	6.85%
Return on Invested Capital (ROIC)	7.39%	4.82%	3.30%	3.20%	-4.51%	-8.38%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	1.70%	0.67%	-1.10%	-2.56%	-8.53%	-17.01%	0.00%
Return on Net Nonoperating Assets (RNNOA)	1.20%	0.46%	-0.52%	-0.78%	-4.72%	-9.04%	0.00%
Return on Equity (ROE)	8.59%	5.28%	2.78%	2.42%	-9.23%	-17.42%	0.00%
Cash Return on Invested Capital (CROIC)	-2.51%	12.80%	-61.78%	-2.42%	4.54%	-208.38%	0.00%
Operating Return on Assets (OROA)	6.06%	4.90%	3.22%	2.95%	-4.11%	-3.39%	0.00%
Return on Assets (ROA)	3.18%	1.95%	1.10%	1.02%	-3.79%	-3.81%	0.00%
Return on Common Equity (ROCE)	7.41%	3.83%	2.36%	2.42%	-9.23%	-17.42%	0.00%
Return on Equity Simple (ROE_SIMPLE)	8.47%	7.39%	3.43%	2.02%	-9.82%	-8.71%	0.00%
Net Operating Profit after Tax (NOPAT)	367	237	127	81	-116	-113	151
NOPAT Margin	5.22%	3.42%	1.94%	2.05%	-3.24%	-11.44%	4.05%
Net Nonoperating Expense Percent (NNEP)	5.69%	4.15%	4.40%	5.76%	4.01%	8.63%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	6.43%	5.38%	2.59%	-	-	-	-
Cost of Revenue to Revenue	68.97%	72.00%	73.86%	76.17%	78.92%	79.90%	78.89%
SG&A Expenses to Revenue	24.14%	22.82%	23.67%	20.38%	20.21%	36.45%	16.77%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.14%	22.82%	23.67%	20.38%	25.70%	36.45%	16.77%
Earnings before Interest and Taxes (EBIT)	477	384	213	136	-166	-136	168
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	779	687	517	338	97	-67	277
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.35	3.94	2.07	2.49	1.98	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	17.28	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.41	1.18	0.67	1.47	0.86	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	151.63	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.66%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.33	2.29	1.44	2.33	1.62	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.73	1.56	1.13	1.54	1.11	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	15.58	15.71	14.27	17.95	41.05	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	25.45	28.11	34.64	44.60	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	33.10	45.60	58.02	74.97	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	19.58	21.00	27.33	33.33	8.03	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	17.17	0.00	0.00	34.09	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.93	0.81	0.95	0.76	0.91	0.68	0.00
Long-Term Debt to Equity	0.93	0.81	0.88	0.76	0.90	0.67	0.00
Financial Leverage	0.70	0.70	0.47	0.30	0.55	0.53	0.00
Leverage Ratio	2.70	2.71	2.53	2.38	2.44	2.28	0.00
Compound Leverage Factor	1.87	1.64	1.10	1.38	2.70	2.53	0.00
Debt to Total Capital	48.25%	44.79%	48.82%	43.20%	47.60%	40.38%	0.00%
Short-Term Debt to Total Capital	0.07%	0.10%	3.61%	0.02%	0.61%	0.64%	0.00%
Long-Term Debt to Total Capital	48.18%	44.70%	45.21%	43.18%	46.99%	39.74%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	15.34%	13.95%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	51.75%	39.87%	37.23%	56.80%	52.41%	59.62%	0.00%
Debt to EBITDA	3.53	3.39	5.39	5.23	14.59	-17.76	0.00
Net Debt to EBITDA	2.89	2.69	4.22	0.82	9.28	-13.94	0.00
Long-Term Debt to EBITDA	3.53	3.38	5.00	5.22	14.40	-17.48	0.00
Debt to NOPAT	7.51	9.83	21.93	21.84	-12.18	-10.56	0.00
Net Debt to NOPAT	6.15	7.81	17.18	3.42	-7.75	-8.29	0.00
Long-Term Debt to NOPAT	7.50	9.81	20.31	21.83	-12.02	-10.39	0.00
Altman Z-Score	2.35	2.24	1.49	2.42	1.56	0.00	0.00
Noncontrolling Interest Sharing Ratio	13.69%	27.52%	15.19%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	1.41	1.43	1.38	3.03	1.71	1.63	0.00
Quick Ratio	1.03	1.04	1.00	2.25	1.37	1.20	0.00
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-124	629	-2,381	-61	117	-2,804	0.00
Operating Cash Flow to CapEx	1,215.69%	1,606.25%	435.48%	520.00%	2,361.90%	2,500.00%	162.32%
Free Cash Flow to Firm to Interest Expense	-124.33	89.82	0.00	-0.89	2.25	-186.91	0.00
Operating Cash Flow to Interest Expense	620.00	73.43	0.00	2.64	9.54	10.00	5.09
Operating Cash Flow Less CapEx to Interest Expense	569.00	68.86	0.00	2.13	9.13	9.60	1.95
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.89	0.88	0.99	0.85	0.89	0.25	0.00
Accounts Receivable Turnover	4.94	5.12	6.31	5.60	5.24	1.35	0.00
Inventory Turnover	33.04	31.87	41.76	45.13	46.41	13.57	0.00
Fixed Asset Turnover	0.00	0.00	0.00	11.57	9.48	2.45	0.00
Accounts Payable Turnover	9.99	10.37	13.34	15.55	18.50	5.04	0.00
Days Sales Outstanding (DSO)	73.83	71.34	57.88	65.13	69.65	270.51	0.00
Days Inventory Outstanding (DIO)	11.05	11.45	8.74	8.09	7.86	26.90	0.00
Days Payable Outstanding (DPO)	36.54	35.20	27.35	23.47	19.73	72.35	0.00
Cash Conversion Cycle (CCC)	48.34	47.59	39.27	49.74	57.79	225.06	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	5,207	4,716	5,108	2,600	2,458	2,691	0.00
Invested Capital Turnover	1.41	1.41	1.70	1.56	1.39	0.73	0.00
Increase / (Decrease) in Invested Capital	491	-392	2,508	142	-233	2,691	0.00
Enterprise Value (EV)	12,138	10,795	7,378	6,066	3,982	0.00	0.00
Market Capitalization	9,884	8,150	4,397	5,789	3,082	0.00	0.00
Book Value per Share	$10.75	$8.79	$9.12	$11.28	$9.18	$13.21	$0.00
Tangible Book Value per Share	($5.83)	($8.58)	($8.74)	$1.63	($2.88)	($2.59)	$0.00
Total Capital	5,706	5,195	5,713	4,090	2,973	2,947	0.00
Total Debt	2,753	2,327	2,789	1,767	1,415	1,190	0.00
Total Long-Term Debt	2,749	2,322	2,583	1,766	1,397	1,171	0.00
Net Debt	2,254	1,848	2,184	277	900	934	0.00
Capital Expenditures (CapEx)	51	32	62	35	21	6.00	69
Debt-free, Cash-free Net Working Capital (DFCFNWC)	278	301	332	270	99	282	0.00
Debt-free Net Working Capital (DFNWC)	777	780	937	1,760	614	538	0.00
Net Working Capital (NWC)	773	775	731	1,759	596	519	0.00
Net Nonoperating Expense (NNE)	117	84	54	34	37	40	15
Net Nonoperating Obligations (NNO)	2,254	1,848	2,184	277	900	934	0.00
Total Depreciation and Amortization (D&A)	302	303	304	202	263	69	109
Debt-free, Cash-free Net Working Capital to Revenue	3.96%	4.34%	5.06%	6.85%	2.76%	28.63%	0.00%
Debt-free Net Working Capital to Revenue	11.07%	11.26%	14.29%	44.67%	17.12%	54.62%	0.00%
Net Working Capital to Revenue	11.01%	11.19%	11.15%	44.64%	16.62%	52.69%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.84)	($0.68)	$0.10	($0.67)	($2.21)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	267.68M	235.14M	233.20M	206M	169M	0.00	0.00
Adjusted Diluted Earnings per Share	($0.84)	($0.68)	$0.10	($0.67)	($2.21)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	267.68M	235.14M	266.08M	206M	169M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	277.56M	244.15M	234.54M	232.58M	200.65M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	367	237	127	81	22	-113	151
Normalized NOPAT Margin	5.22%	3.42%	1.94%	2.05%	0.61%	-11.44%	4.05%
Pre Tax Income Margin	4.70%	3.35%	1.42%	2.01%	-5.13%	-15.33%	3.92%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	477.00	54.86	0.00	1.97	-3.19	-9.07	7.64
NOPAT to Interest Expense	366.67	33.82	0.00	1.17	-2.23	-7.51	6.86
EBIT Less CapEx to Interest Expense	426.00	50.29	0.00	1.46	-3.60	-9.47	4.50
NOPAT Less CapEx to Interest Expense	315.67	29.25	0.00	0.67	-2.64	-7.91	3.72
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	54.41%
Augmented Payout Ratio	0.00%	26.80%	60.27%	0.00%	-19.61%	0.00%	54.41%

This table displays calculated financial ratios and metrics derived from APi Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.37%	5.80%	2.35%	-2.32%	-0.81%	3.29%	2.82%	7.40%	9.72%	0.00%	0.00%
EBITDA Growth	-1.20%	23.27%	15.96%	5.85%	9.21%	8.16%	30.56%	28.77%	90.00%	0.00%	50.00%
EBIT Growth	-13.40%	40.24%	27.03%	9.73%	24.36%	20.59%	56.34%	61.43%	1,850.00%	0.00%	61.36%
NOPAT Growth	-10.52%	139.14%	29.10%	42.65%	43.01%	0.49%	104.39%	70.23%	1,119.33%	0.00%	42.99%
Net Income Growth	-22.22%	168.00%	27.78%	43.75%	73.08%	13.64%	92.86%	60.00%	471.43%	0.00%	0.00%
EPS Growth	108.21%	105.00%	53.33%	83.33%	-2,780.00%	-1,766.67%	150.00%	100.00%	162.50%	0.00%	0.00%
Operating Cash Flow Growth	785.71%	-4.71%	52.78%	48.65%	800.00%	57.98%	-1.37%	37.04%	99.15%	0.00%	197.96%
Free Cash Flow Firm Growth	-189.13%	-190.24%	98.66%	-95.42%	12.50%	117.58%	-290.20%	108.38%	113.73%	-1,637.00%	974.46%
Invested Capital Growth	10.31%	10.41%	3.21%	1.65%	-7.90%	-7.67%	0.00%	-3.03%	-6.79%	96.46%	-100.00%
Revenue Q/Q Growth	-7.63%	1.92%	5.55%	8.06%	-8.98%	-1.40%	0.73%	9.73%	-5.23%	-1.84%	5.22%
EBITDA Q/Q Growth	-16.33%	-10.09%	9.55%	19.88%	10.67%	-15.43%	0.00%	23.68%	10.14%	2.08%	-1.37%
EBIT Q/Q Growth	-26.96%	-18.44%	13.71%	27.84%	32.88%	-26.13%	-1.77%	44.87%	32.20%	-4.23%	1.43%
NOPAT Q/Q Growth	-35.86%	1.70%	0.30%	36.76%	71.43%	-45.10%	10.82%	37.10%	20.47%	11.66%	-7.70%
Net Income Q/Q Growth	-47.76%	-2.90%	0.00%	53.33%	80.00%	-53.70%	12.50%	84.62%	18.18%	-21.43%	-6.67%
EPS Q/Q Growth	120.00%	-78.26%	4.55%	116.42%	-34.00%	-766.67%	25.00%	140.00%	-16.67%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-78.09%	28.64%	100.00%	1,471.43%	-97.64%	106.25%	94.59%	7,500.00%	-100.53%	28.77%	170.37%
Free Cash Flow Firm Q/Q Growth	-9.64%	-475.36%	-736.57%	-97.78%	11.01%	108.52%	-2,280.10%	-45.44%	117.35%	-192.17%	196.10%
Invested Capital Q/Q Growth	1.33%	-2.34%	-0.50%	12.04%	1.42%	-8.71%	-2.01%	1.52%	1.66%	0.00%	-100.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.53%	30.90%	31.05%	31.45%	30.73%	28.88%	28.64%	28.01%	26.33%	27.19%	25.36%
EBITDA Margin	9.54%	10.53%	11.94%	11.50%	10.37%	9.04%	10.54%	10.62%	9.42%	8.63%	8.30%
Operating Margin	4.89%	6.23%	7.78%	7.28%	6.25%	4.26%	5.83%	6.04%	4.52%	2.88%	3.52%
EBIT Margin	4.89%	6.18%	7.72%	7.17%	6.06%	4.66%	6.22%	6.38%	4.83%	3.99%	4.09%
Profit (Net Income) Margin	2.04%	3.60%	3.78%	3.99%	2.81%	1.42%	3.03%	2.71%	1.61%	1.29%	1.61%
Tax Burden Percent	76.09%	85.90%	69.00%	77.53%	71.43%	55.56%	72.97%	64.00%	68.42%	84.62%	60.87%
Interest Burden Percent	54.76%	67.83%	70.92%	71.77%	64.95%	54.88%	66.67%	66.37%	48.72%	38.24%	64.79%
Effective Tax Rate	23.91%	14.10%	31.00%	22.47%	28.57%	44.44%	27.03%	36.00%	31.58%	15.38%	39.13%
Return on Invested Capital (ROIC)	5.28%	7.57%	7.07%	7.30%	6.19%	3.34%	11.32%	4.93%	3.85%	4.14%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	4.06%	5.98%	5.78%	6.09%	5.06%	2.51%	9.27%	4.06%	2.84%	2.56%	0.00%
Return on Net Nonoperating Assets (RNNOA)	3.67%	4.22%	4.34%	4.93%	4.53%	1.75%	6.54%	3.19%	2.22%	1.20%	0.00%
Return on Equity (ROE)	8.95%	11.79%	11.41%	12.23%	10.72%	5.09%	17.86%	8.12%	6.08%	5.34%	0.00%
Cash Return on Invested Capital (CROIC)	-2.67%	-2.51%	2.75%	3.79%	13.40%	12.80%	-190.92%	6.71%	10.12%	-61.78%	200.00%
Operating Return on Assets (OROA)	4.56%	5.51%	6.60%	6.18%	5.60%	4.12%	10.76%	5.43%	4.07%	3.95%	0.00%
Return on Assets (ROA)	1.90%	3.21%	3.23%	3.44%	2.60%	1.26%	5.23%	2.31%	1.36%	1.28%	0.00%
Return on Common Equity (ROCE)	8.95%	10.17%	9.89%	10.57%	9.10%	3.69%	13.16%	5.96%	4.47%	4.53%	0.00%
Return on Equity Simple (ROE_SIMPLE)	8.05%	0.00%	7.01%	6.81%	7.48%	0.00%	6.72%	5.52%	4.90%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	64	100	98	98	71	42	76	68	50	41	37
NOPAT Margin	3.72%	5.35%	5.37%	5.65%	4.46%	2.37%	4.25%	3.87%	3.09%	2.43%	2.14%
Net Nonoperating Expense Percent (NNEP)	1.21%	1.59%	1.29%	1.21%	1.12%	0.83%	2.05%	0.87%	1.01%	1.58%	5.34%
Return On Investment Capital (ROIC_SIMPLE)	1.11%	1.75%	-	-	-	0.95%	-	-	-	0.84%	-
Cost of Revenue to Revenue	68.47%	69.10%	68.95%	68.55%	69.27%	71.12%	71.36%	71.99%	73.67%	72.81%	74.64%
SG&A Expenses to Revenue	26.64%	24.66%	23.27%	24.16%	24.48%	24.62%	22.81%	21.97%	21.81%	24.31%	21.84%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.64%	24.66%	23.27%	24.16%	24.48%	24.62%	22.81%	21.97%	21.81%	24.31%	21.84%
Earnings before Interest and Taxes (EBIT)	84	115	141	124	97	82	111	113	78	68	71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	164	196	218	199	166	159	188	188	152	147	144
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.33	3.35	3.06	3.64	4.17	3.94	2.74	2.85	2.44	2.07	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.39	1.41	1.31	1.50	1.39	1.18	0.89	0.94	0.79	0.67	0.00
Price to Earnings (P/E)	70.39	0.00	0.00	0.00	0.00	0.00	57.68	80.15	85.04	151.63	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.42%	0.00%	0.00%	0.00%	0.00%	0.00%	1.73%	1.25%	1.18%	0.66%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.32	2.33	2.14	2.40	2.52	2.29	1.75	1.79	1.60	1.44	0.00
Enterprise Value to Revenue (EV/Rev)	1.71	1.73	1.65	1.87	1.75	1.56	1.32	1.38	1.24	1.13	0.00
Enterprise Value to EBITDA (EV/EBITDA)	15.73	15.58	15.69	18.38	17.54	15.71	13.59	15.17	14.31	14.27	0.00
Enterprise Value to EBIT (EV/EBIT)	26.34	25.45	26.53	32.03	30.95	28.11	25.06	29.40	29.86	34.64	0.00
Enterprise Value to NOPAT (EV/NOPAT)	34.05	33.10	36.86	44.54	46.72	45.60	38.58	48.55	49.83	58.02	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.10	19.58	18.04	23.02	23.12	21.00	22.34	23.19	21.45	27.33	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	79.28	63.77	18.06	17.17	0.00	26.26	15.24	0.00	1.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.92	0.93	0.96	1.00	1.19	0.81	0.86	0.85	0.88	0.95	0.00
Long-Term Debt to Equity	0.92	0.93	0.96	1.00	1.14	0.81	0.77	0.85	0.87	0.88	0.00
Financial Leverage	0.90	0.70	0.75	0.81	0.90	0.70	0.71	0.79	0.78	0.47	0.15
Leverage Ratio	2.89	2.70	2.70	2.71	2.84	2.71	2.62	2.67	2.64	2.53	2.08
Compound Leverage Factor	1.58	1.83	1.92	1.95	1.85	1.49	1.75	1.77	1.28	0.97	1.35
Debt to Total Capital	48.01%	48.25%	49.01%	50.11%	54.25%	44.79%	46.17%	46.03%	46.69%	48.82%	0.00%
Short-Term Debt to Total Capital	0.07%	0.07%	0.09%	0.07%	2.09%	0.10%	4.55%	0.11%	0.11%	3.61%	0.00%
Long-Term Debt to Total Capital	47.94%	48.18%	48.93%	50.04%	52.17%	44.70%	41.62%	45.92%	46.58%	45.21%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	15.34%	14.16%	14.13%	14.34%	13.95%	0.00%
Common Equity to Total Capital	51.99%	51.75%	50.99%	49.89%	45.75%	39.87%	39.67%	39.84%	38.97%	37.23%	0.00%
Debt to EBITDA	3.54	3.53	3.91	4.07	3.97	3.39	3.90	4.17	4.47	5.39	0.00
Net Debt to EBITDA	2.95	2.89	3.24	3.61	3.61	2.69	3.21	3.58	3.85	4.22	0.00
Long-Term Debt to EBITDA	3.54	3.53	3.91	4.07	3.81	3.38	3.52	4.16	4.46	5.00	0.00
Debt to NOPAT	7.67	7.51	9.19	9.87	10.56	9.83	11.08	13.36	15.57	21.93	0.00
Net Debt to NOPAT	6.39	6.15	7.62	8.75	9.61	7.81	9.11	11.46	13.39	17.18	0.00
Long-Term Debt to NOPAT	7.66	7.50	9.18	9.86	10.16	9.81	9.99	13.32	15.54	20.31	0.00
Altman Z-Score	2.24	2.20	2.08	2.26	2.28	2.10	1.76	1.80	1.66	1.43	0.00
Noncontrolling Interest Sharing Ratio	0.00%	13.69%	13.29%	13.56%	15.14%	27.52%	26.31%	26.58%	26.40%	15.19%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.47	1.41	1.51	1.48	1.35	1.43	1.40	1.53	1.53	1.38	0.00
Quick Ratio	1.03	1.03	1.03	0.99	0.91	1.04	0.92	1.02	1.02	1.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-429	-391	-68	11	481	434	-5,090	233	428	-2,467	2,676
Operating Cash Flow to CapEx	775.00%	1,572.22%	1,375.00%	611.11%	0.00%	0.00%	1,028.57%	370.00%	-5.88%	1,566.67%	663.64%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	14.16	0.00	0.00	0.00	10.70	0.00	95.58
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.21	0.00	0.00	0.00	-0.03	0.00	5.21
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.24	0.00	0.00	0.00	-0.45	0.00	4.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.93	0.89	0.85	0.86	0.92	0.88	1.73	0.85	0.84	0.99	0.00
Accounts Receivable Turnover	5.46	4.94	5.27	5.22	5.58	5.12	0.00	5.35	5.57	6.31	0.00
Inventory Turnover	32.94	33.04	31.00	29.66	31.56	31.87	0.00	31.34	32.38	41.76	0.00
Fixed Asset Turnover	19.11	0.00	18.10	17.16	17.57	0.00	0.00	16.93	16.84	0.00	0.00
Accounts Payable Turnover	11.80	9.99	10.86	10.74	11.91	10.37	0.00	10.86	11.86	13.34	0.00
Days Sales Outstanding (DSO)	66.80	73.83	69.24	69.88	65.37	71.34	0.00	68.21	65.50	57.88	0.00
Days Inventory Outstanding (DIO)	11.08	11.05	11.77	12.31	11.56	11.45	0.00	11.65	11.27	8.74	0.00
Days Payable Outstanding (DPO)	30.94	36.54	33.61	33.97	30.64	35.20	0.00	33.62	30.79	27.35	0.00
Cash Conversion Cycle (CCC)	46.94	48.34	47.40	48.22	46.30	47.59	0.00	46.23	45.99	39.27	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,276	5,207	5,332	5,359	4,783	4,716	5,166	5,272	5,193	5,108	0.00
Invested Capital Turnover	1.42	1.41	1.32	1.29	1.39	1.41	2.66	1.27	1.25	1.70	0.00
Increase / (Decrease) in Invested Capital	493	491	166	87	-410	-392	5,166	-165	-378	2,508	-2,639
Enterprise Value (EV)	12,219	12,138	11,435	12,845	12,070	10,795	9,048	9,437	8,300	7,378	3,102
Market Capitalization	9,925	9,884	9,070	10,321	9,588	8,150	6,114	6,412	5,272	4,397	3,102
Book Value per Share	$10.74	$10.75	$10.80	$10.34	$9.42	$8.79	$9.47	$9.55	$9.23	$9.12	$0.00
Tangible Book Value per Share	($5.74)	($5.83)	($6.17)	($6.43)	($7.04)	($8.58)	($7.62)	($8.08)	($8.42)	($8.74)	$0.00
Total Capital	5,736	5,706	5,819	5,683	5,030	5,195	5,627	5,640	5,556	5,713	0.00
Total Debt	2,754	2,753	2,852	2,848	2,729	2,327	2,598	2,596	2,594	2,789	0.00
Total Long-Term Debt	2,750	2,749	2,847	2,844	2,624	2,322	2,342	2,590	2,588	2,583	0.00
Net Debt	2,294	2,254	2,365	2,524	2,482	1,848	2,137	2,228	2,231	2,184	0.00
Capital Expenditures (CapEx)	8.00	18	16	18	-1.00	-19	14	20	17	12	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	368	278	428	472	436	301	548	519	458	332	0.00
Debt-free Net Working Capital (DFNWC)	828	777	915	796	683	780	1,009	887	821	937	0.00
Net Working Capital (NWC)	824	773	910	792	578	775	753	881	815	731	0.00
Net Nonoperating Expense (NNE)	29	33	29	29	26	17	22	20	24	19	9.13
Net Nonoperating Obligations (NNO)	2,294	2,254	2,365	2,524	2,482	1,848	2,137	2,228	2,231	2,184	0.00
Total Depreciation and Amortization (D&A)	80	81	77	75	69	77	77	75	74	79	73
Debt-free, Cash-free Net Working Capital to Revenue	5.16%	3.96%	6.19%	6.87%	6.31%	4.34%	7.97%	7.61%	6.83%	5.06%	0.00%
Debt-free Net Working Capital to Revenue	11.60%	11.07%	13.23%	11.58%	9.88%	11.26%	14.68%	13.00%	12.25%	14.29%	0.00%
Net Working Capital to Revenue	11.55%	11.01%	13.16%	11.52%	8.36%	11.19%	10.96%	12.91%	12.16%	11.15%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.11	$0.04	$0.23	$0.23	($1.34)	($1.00)	$0.15	$0.12	$0.05	$0.06	$0.00
Adjusted Weighted Average Basic Shares Outstanding	277.23M	267.68M	274.64M	271.54M	249.74M	235.14M	235.42M	235.18M	234.39M	233.20M	0.00
Adjusted Diluted Earnings per Share	$0.11	$0.05	$0.23	$0.22	($1.34)	($1.00)	$0.15	$0.12	$0.05	$0.06	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	278.28M	267.68M	275.92M	275.73M	249.74M	235.14M	270.04M	269.56M	267.17M	266.08M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	276.84M	277.56M	274.78M	274.70M	274.29M	244.15M	235.56M	235.79M	235.21M	234.54M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	64	100	98	98	71	42	76	68	50	41	37
Normalized NOPAT Margin	3.72%	5.35%	5.37%	5.65%	4.46%	2.37%	4.25%	3.87%	3.09%	2.43%	2.14%
Pre Tax Income Margin	2.68%	4.19%	5.48%	5.14%	3.94%	2.56%	4.15%	4.23%	2.35%	1.53%	2.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	2.85	0.00	0.00	0.00	1.95	0.00	2.54
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	2.10	0.00	0.00	0.00	1.25	0.00	1.33
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	2.88	0.00	0.00	0.00	1.53	0.00	1.75
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	2.13	0.00	0.00	0.00	0.82	0.00	0.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	31.25%	0.00%	0.00%	9.33%	16.86%	26.80%	34.67%	36.29%	42.45%	60.27%	0.00%

Frequently Asked Questions About APi Group's Financials

When does APi Group's financial year end?

According to the most recent income statement we have on file, APi Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has APi Group's net income changed over the last 6 years?

APi Group's net income appears to be on an upward trend, with a most recent value of $250 million in 2024, rising from $136 million in 2018. The previous period was $153 million in 2023. Find out what analysts predict for APi Group in the coming months.

What is APi Group's operating income?

APi Group's total operating income in 2024 was $484 million, based on the following breakdown:

Total Gross Profit: $2.18 billion
Total Operating Expenses: $1.69 billion

How has APi Group revenue changed over the last 6 years?

Over the last 6 years, APi Group's total revenue changed from $3.73 billion in 2018 to $7.02 billion in 2024, a change of 88.3%.

How much debt does APi Group have?

APi Group's total liabilities were at $5.20 billion at the end of 2024, a 10.1% increase from 2023, and a 130.7% increase since 2019.

How much cash does APi Group have?

In the past 5 years, APi Group's cash and equivalents has ranged from $256 million in 2019 to $1.19 billion in 2021, and is currently $499 million as of their latest financial filing in 2024.

How has APi Group's book value per share changed over the last 6 years?

Over the last 6 years, APi Group's book value per share changed from 0.00 in 2018 to 10.75 in 2024, a change of 1,074.7%.

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This page (NYSE:APG) was last updated on 5/25/2025 by MarketBeat.com Staff

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APi Group (APG) Financials

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