APi Group (APG) Financials

$42.66 +0.34 (+0.79%)

As of 11:08 AM 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	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	136	-153	-375	-137	29	-161	-224
Consolidated Net Income / (Loss)	136	-153	-153	47	73	153	250
Net Income / (Loss) Continuing Operations	136	-153	-153	47	73	153	250
Total Pre-Tax Income	146	-151	-184	79	93	232	330
Total Operating Income	162	-161	-166	136	162	359	484
Total Gross Profit	787	198	756	939	1,714	1,940	2,178
Total Revenue	3,728	985	3,587	3,940	6,558	6,928	7,018
Operating Revenue	3,728	985	3,587	3,940	6,558	6,928	7,018
Total Cost of Revenue	2,941	787	2,831	3,001	4,844	4,988	4,840
Operating Cost of Revenue	2,941	787	2,831	3,001	4,844	4,988	4,840
Total Operating Expenses	625	359	922	803	1,552	1,581	1,694
Selling, General & Admin Expense	625	359	725	803	1,552	1,581	1,694
Total Other Income / (Expense), net	-16	10	-18	-57	-69	-127	-154
Interest Expense	22	15	52	69	-5.00	7.00	1.00
Interest & Investment Income	-	-	34	12	-125	-145	-146
Other Income / (Expense), net	6.00	25	0.00	0.00	51	25	-7.00
Income Tax Expense	10	2.00	-31	32	20	79	80
Preferred Stock Dividends Declared	0.00	0.00	222	184	44	314	474
Basic Earnings per Share	$0.00	($1.15)	($2.21)	($0.67)	$0.10	($0.68)	($0.84)
Weighted Average Basic Shares Outstanding	0.00	133M	169M	206M	233.20M	235.14M	267.68M
Diluted Earnings per Share	$0.00	($1.15)	($2.21)	($0.67)	$0.10	($0.68)	($0.84)
Weighted Average Diluted Shares Outstanding	0.00	133M	169M	206M	266.08M	235.14M	267.68M
Weighted Average Basic & Diluted Shares Outstanding	-	-	200.65M	232.58M	234.54M	244.15M	277.56M

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About APi Group's Financials

When does APi Group's fiscal year end?

According to the most recent income statement we have on file, APi Group's financial year ends in December. Their financial 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 5/5/2025 by MarketBeat.com Staff

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APi Group (APG) Financials

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