APi Group Corporation

APG

Engineering & Construction · Industrials

Price

$41.16

-0.77 (-1.84%)

Market Cap

$17.79B

Exchange

NYSE

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Strong

Stability

Good

Valuation

Data not available

Track this stock — start free trial

Share count rising — dilution

+34.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 308.6M (2021) → 416.0M (2025)

Winston Score History

The full picture

APi Group is a services company that installs and maintains safety systems — things like fire sprinklers, fire alarms, and security systems — in buildings across North America and Europe. Their customers include commercial property owners, hospitals, schools, and industrial facilities. They are one of the largest life safety services companies in the United States.

APi Group makes money by charging for both the installation of new systems and the ongoing inspection and maintenance of existing ones. The recurring maintenance and inspection work is a key part of the business because buildings are legally required to have their safety systems regularly tested and certified. The company operates primarily in the US but has expanded into Europe through acquisitions. Its main growth driver is continuing to grow that recurring service revenue, which is more predictable than one-time installation jobs. The main risk is that the company carries significant debt from past acquisitions, which could limit flexibility if economic conditions weaken.

Politician Trades

9 trades / 12mo

8 Congressional buys and 1 sell on APG in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+13.3% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+17.6% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

11.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$851M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

APi Group Corporation is a rare growth stock that's already generating positive cash flow while growing at 13%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

31.2%

Modest — 31.2% gross margin

Profit after running costs

Operating Margin

7.8%

Modest — 7.8% operating margin

Return on the money invested

ROCE

8.2%

Below par — 8.2% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+14.1%

Fast-growing sales (+14.1% YoY)

Profit growth

EPS YoY

-293.3%

Earnings shrinking (-293.3% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

251%

Turns 251% of profit into real cash

Spare cash per sale

FCF Margin

8.8%

Modest free cash flow (8.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

1.00

Elevated debt (1.00)

Covers its interest

Interest Cover

6.48x

Adequate interest coverage (6.5x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial