APG APi Group margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 49

Gross margin

31.1%

Operating margin

7.2%

EBITDA margin

12.5%

Net margin

4.1%

Using the latest TTM figures, APi Group shows a gross margin of 31.1%, an operating margin of 7.2%, an EBITDA margin of 12.5%, and a net margin of 4.1%. Operating margin led the remaining margin gains with 0.6 percentage points, while the other margins were unchanged.

APG margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, APi Group recorded average margins of 30.59% gross, 6.52% operating, 12.15% EBITDA, and 3.38% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

APG margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 0.6 percentage points, EBITDA margin by 0.3 percentage points, and net margin by 0.5 percentage points, while gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

0.6pp

EBITDA margin expansion

0.3pp

Net margin expansion

0.5pp

APG Gross margin

Throughout the last 3 years, APi Group had an average gross margin of 30.59%. Compared with its three-year average, APi Group's current gross margin is 31.1% and is 0.5 percentage points above its three-year average. Looking back over the last 3 years, APi Group's gross margin reached 31.4% at its highest point in Jun 2026 and 28% at its lowest in Dec 2023.

APG Operating margin

APi Group recorded an average operating margin of 6.52% across the last 3 years. APi Group currently reports an operating margin of 7.2%, 0.7 percentage points above its three-year average. The operating margin for APi Group moved between 5.2% in Dec 2023 and 7.2% in Sep 2026.

APG EBITDA margin

Across the last 3 years, APi Group's EBITDA margin stood at 12.15%. The current EBITDA margin stands at 12.5%, 0.4 percentage points above its three-year average. EBITDA margin was highest at 12.5% in Sep 2026 and lowest at 11.1% in Dec 2023.

APG Net margin

The average net margin for APi Group was 3.38% over the last 3 years. Right now, the current net margin for APi Group is 4.1%, 0.7 percentage points above its three-year average. The net margin for APi Group moved between 2.2% in Dec 2023 and 4.1% in Sep 2026.

APG margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 31.1%, APG ranks higher than the industry average but lower than the Industrials sector average. But in comparison with the Industrials sector average of 32.5%, APi Group's gross margin is only 4.3% lower.

APG margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is APi Group's gross margin?

As of Sep 30, 2026, APG has a gross margin of 31.1%.

What is APi Group's operating margin?

As of Sep 30, 2026, APG has an operating margin of 7.2%.

What is APi Group's EBITDA margin?

The current EBITDA margin for APG is 12.5% as of Sep 30, 2026.

What is APi Group's net margin?

The current net margin for APG is 4.1% as of Sep 30, 2026.

What are the average margins of APG?

Across the last 3 years, APG averaged 30.6% gross, 6.5% operating, 12.2% EBITDA, and 3.4% net.

What are the highest historical margins of APG?

In the last 5 years, the highest margins reported by APG were 31.4% gross in Jun 2026, 7.2% operating in Sep 2026, 12.5% EBITDA in Sep 2026, and 4.1% net in Sep 2026.

What are the lowest historical margins of APG?

Across the 5-year period, APG posted its lowest margins at 23.8% gross in Dec 2021, 2.5% operating in Dec 2022, 8.9% EBITDA in Mar 2022, and 1% net in Mar 2022.