APi Group Corporation Common Stock (APG)

FairStock Score: 53/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for understandable businesses with durable economics bought at sensible prices. APi Group is understandable: it installs, inspects, services, and monitors fire and life safety, security, and elevator systems. That inspection and service work can be recurring and regulation-driven, which gives it a modest moat, but this is still competitive engineering and construction. Growth has been real: revenue rose from $6.9B in fiscal 2023, the year ended 2023-12-31, to $7.9B in fiscal 2025, the year ended 2025-12-31. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $2.3B, net income was $99.0M, and diluted EPS was $0.20. Fiscal Q1 2026, ended 2026-03-31, showed $2.0B revenue, $57.0M net income, and $0.12 diluted EPS. FairStock calls it a FAST GROWER, citing 59.2% annual profit growth over four years and 19.0% revenue growth. Yet caution is warranted. FairStock's P/E is -66.59 on trailing EPS of -$0.61, and fiscal 2025 reported diluted EPS was -$0.69 even though net income was $302.0M. That inconsistency needs explaining. Debt/equity is 1.09, the Altman Z-score is 2.14, and ROCE is only 5.01%, so returns are not yet exceptional. Free cash flow is $676.0M, a 3.9% FCF yield. At the 2026-10-13 close of $40.62, P/B is 4.81 and EV/EBITDA is 21.88. Recent profit improvement is encouraging, but the price already reflects much of it. I would want clearer earnings quality, lower leverage, and better returns on capital before calling this a margin-of-safety bargain.

In plain English: APi Group provides fire and life safety, security, and elevator services around the world. The business is growing and recent quarters show profits, but profit margins are thin and it carries a lot of debt. At $40.62, the stock looks fair to expensive relative to its profits and cash flow, not an obvious bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer