APi Group Exceeds 2025 Financial Guidance, Projects Strong 2026 Revenue and EBITDA Growth
APG has more than doubled off its 52-week low of $20.503.
Summary
APi Group Corp reported preliminary 2025 results that surpassed previous guidance and issued strong 2026 financial guidance, projecting increased revenues and EBITDA with healthy margins and low leverage.
Key Events · Earnings and Guidance · APG
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2025 Preliminary Results Exceed Expectations
APi Group expects 2025 net revenues and adjusted EBITDA to be comfortably above the midpoint of its previously provided guidance, with adjusted EBITDA margins exceeding 13% and free cash flow conversion in line with 80%.
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Strong 2026 Financial Guidance Issued
The company projects 2026 net revenues between $8.4 billion and $8.6 billion, and adjusted EBITDA between $1.14 billion and $1.2 billion, representing a 13.8% adjusted EBITDA margin at the midpoint.
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Healthy Balance Sheet Maintained
APi Group anticipates ending 2025 with a net leverage ratio significantly below 2.0x, comfortably under its target range of 2.5x to 3.0x, providing flexibility for capital allocation.
Analysis · APG · Trade & Services
APi Group Corp announced preliminary year-end 2025 results that comfortably exceeded its prior guidance for both net revenues and adjusted EBITDA. The company also provided robust 2026 guidance, projecting significant growth in net revenues and adjusted EBITDA, alongside an improved adjusted EBITDA margin. This strong performance and optimistic outlook, coupled with a healthy balance sheet reflected by a net leverage ratio significantly below target, indicates solid operational execution and a positive trajectory for the company. Investors should view this as a strong signal of continued financial health and growth potential.
At the time of this filing, APG was trading at $43.28 on NYSE in the Trade & Services sector, with a market capitalization of approximately $19.3B. The 52-week trading range was $20.50 to $46.11. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.