# APi Group Corporation (APG) — Stock CV

APi Group Corporation is a $17.4B industrial company. Revenue grew 14.1% over the last year, it keeps 4¢ of every dollar of sales as profit, and its net debt equals ~2.7 years of free cash flow. It trades at 50.8× earnings — in the cheapest third of its own history.

> APi Group Corp operates in two segments: Safety Services segment includes providing safety services in North America, Asia Pacific, and Europe, focusing on end-to-end integrated occupancy systems (fire protection solutions, Heating, Ventilation, and Air Conditioning and entry systems), including design,…

## Identity

- **Ticker**: APG
- **Sector**: Industrials
- **Industry**: Security & Protection Services
- **Headquarters**: NEW BRIGHTON, MN
- **Employees**: 29 000
- **Website**: https://www.apigroupinc.com
- **Market cap**: $17.4B
- **Last price**: $40.32
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $8.44B
- **Net income**: $346M
- **Free cash flow**: $676M
- **Net debt**: $1.85B
- **P/E**: 50.8
- **Revenue growth (YoY)**: 14.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 64 |
| Growth | 70 |
| Profitability | 28 |
| Health | 34 |
| Quality | 95 |
| Moat | 36 |

## Qualifications (beginner checklist) — 7 of 10 passed

- [x] Revenue growing — +14.1% YoY
- [x] Profitable — $346M TTM
- [x] Profit growing — +38.3% YoY
- [x] Generates cash — $676M TTM
- [x] Debt under control — ~2.7y of cash flow to repay
- [x] Established company — $17.4B market cap
- [ ] Not printing shares — +146.0% shares over ~5y
- [x] Proven track record — 5/6 profitable years
- [ ] Financially stable — health score 22/100
- [ ] Valuation not extreme — P/E 50.8

## Experience (career milestones)

- **FY2025** — Best year on record: $302M net income
- **FY2021** — Turned profitable: $47.0M net income after a loss year
- **FY2020** — Revenue already above $1B: $3.59B in first reported year
- **FY2020** — Positive free cash flow every year since: 6-year streak

## Strengths

- Revenue growing 14.1% year over year
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.94B | $47.0M | $127M |
| FY2022 | $6.56B | $73.0M | $191M |
| FY2023 | $6.93B | $153M | $428M |
| FY2024 | $7.02B | $250M | $536M |
| FY2025 | $7.91B | $302M | $663M |

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Source: https://stockcv.com/APG — derived from company filings; may be delayed or incomplete. Information, not investment advice.