APi Group is rated Buy as its project-driven revenue model transitions toward higher-margin, recurring service revenue, targeting over 60% services mix long-term. APG's backlog exceeds $5 billion, with data center projects driving larger contracts and expanding the installed base for future service opportunities. Management targets revenue above $10 billion and adjusted EBITDA margin over 16% by 2028, emphasizing margin expansion over top-line growth.
APi Group Corporation (APG) Presents at Jefferies Global Industrials Conference 2026 Transcript
APi Group Corporation (APG) Q2 2026 Earnings Call Transcript
| Construction & Engineering Industry | Industrials Sector | Russell A. Becker CEO | XDUS Exchange | US00187Y1001 ISIN |
| US Country | 29,000 Employees | - Last Dividend | 1 Jul 2025 Last Split | 29 Apr 2020 IPO Date |
APi Group Corporation is a multinational company that offers a broad range of safety and specialty services across the globe. With operations spanning through its two primary segments, Safety Services and Specialty Services, the company is dedicated to providing comprehensive solutions tailored to its clients' needs. Initially founded in 1926 and originally operating under the name J2 Acquisition Limited, it underwent a rebranding to APi Group Corporation in October 2019. Today, headquartered in New Brighton, Minnesota, APi Group has firmly established itself as a leader in its field, serving a wide array of markets including commercial, industrial, education, healthcare, telecommunications, utilities, government, and infrastructure, among others.
The diverse offerings of APi Group Corporation are designed to cater to a wide range of customer needs in the public and private sectors, categorized into two main segments: