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API Group reported third-quarter net revenue of $2.55 billion, up 22.5%, and raised full-year net revenue guidance to $9.20 to $9.25 billion and adjusted EBITDA guidance to $1.235 to $1.255 billion.
APi Group Corporation reported nine-month net revenues of $6,790 million, up 17.2%, net income of $270 million, up 31.7%, and adjusted EBITDA of $896 million, up 20.1%, for the nine months ended September 30, 2026. Gross profit margin declined to 30.8% from 31.2%.
APi Group reported record third-quarter 2026 net revenues of $2.6 billion, up 22.5%, and adjusted EBITDA of $350 million. It raised full-year 2026 guidance to $9,200 to $9,250 million in net revenues and $1,235 to $1,255 million in adjusted EBITDA.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. APi Group delivered record Q2 2026 results with 13.3% reported and 10.1% organic revenue growth, record adjusted EBITDA of $311 million (+14.3%), and record backlog surpassing $5 billion, and raised full-year 2026 guidance for net revenues to $8.875–$9.025 billion and adjusted EBITDA to $1.205–$1.245 billion.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted diluted EPS non-GAAP | $0.44 | Q2 2026 | — |
| Adjusted EBITDA non-GAAP | $546M | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDA margin non-GAAP | 12.9% | Six Months Ended June 30, 2026 | — |
| Adjusted free cash flow non-GAAP | $228M | Six Months Ended June 30, 2026 | — |
| Adjusted free cash flow as a % of adjusted net income non-GAAP | 67.7% | Six Months Ended June 30, 2026 | — |
| Adjusted gross margin non-GAAP | 31.3% | Six Months Ended June 30, 2026 | — |
| Adjusted gross profit non-GAAP | $1.32B | Six Months Ended June 30, 2026 | — |
| Adjusted net income non-GAAP | $195M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted income before income tax provision 254M
-59M Adjusted income tax provision
= Adjusted net income 195M
|
|||
| Adjusted SG&A as a % of net revenues non-GAAP | 18.6% | Three Months Ended June 30, 2026 | — |
| Adjusted SG&A expenses non-GAAP | $829M | Six Months Ended June 30, 2026 | — |
| Change in Segment earnings (public rates) non-GAAP | 17.4% | Six Months Ended June 30, 2026 | — |
| Free cash flow | $119M | Six Months Ended June 30, 2026 | — |
| Organic change in net revenues - Safety Services non-GAAP | 5.1% | Six Months Ended June 30, 2026 | — |
| Organic change in net revenues - Specialty Services non-GAAP | 23.2% | Six Months Ended June 30, 2026 | — |
| Organic net revenue growth non-GAAP | 10.1% | Q2 2026 | — |
| Safety Services Change in Segment earnings (public rates) non-GAAP | 8.6% | Three Months Ended June 30, 2026 | — |
| Safety Services Segment earnings margin non-GAAP | 16.6% | Six Months Ended June 30, 2026 | — |
| Segment earnings margin before corporate and eliminations non-GAAP | 14.5% | Six Months Ended June 30, 2026 | — |
| SG&A expenses (excluding amortization) non-GAAP | $461M | three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Reported SG&A expenses $528M
-$67M Amortization expense
= SG&A expenses (excluding amortization) $461M
|
|||
| Specialty Services Change in Segment earnings (public rates) non-GAAP | 29.6% | Three Months Ended June 30, 2026 | — |
| Specialty Services Segment earnings margin non-GAAP | 9.8% | Six Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
APG
this stock
APi Group Corp
|
$18.49B | +13.6% | +12.7% | — | 2.8% |
|
PWR
Quanta Services, Inc.
|
$90.71B | +42.6% | +13.4% | 54.5 | 2.3% |
|
FER
Ferrovial N.V.
|
$44.32B | -4.5% | — | — | 0.7% |
|
FIX
Comfort Systems USA Inc
|
$38.92B | +19.2% | -73.9% | 24.0 | 2.5% |
|
EME
EMCOR Group, Inc.
|
$28.87B | +7.8% | +16.6% | 19.1 | 1.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
APi Group Corporation reported nine-month net revenues of $6,790 million, up 17.2%, net income of $270 million, up 31.7%, and adjusted EBITDA of $896 million, up 20.1%, for the nine months ended September 30, 2026. Gross profit margin declined to 30.8% from 31.2%.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| APG | +6.4% | +8.3% | +2.7% | -2.0% | +13.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +3.8% | +9.4% | +2.2% | -1.8% | +3.0% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
