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APi Group (APG) Q4 FY25 earnings call

Earnings call· Dec 2025 (Q4 FY25)· Industrials· Feb 25, 2026

Source: earnings call transcript

APi Group delivered strong Q4 and full-year FY25 results, exceeding its 13/60/80 financial targets with robust revenue growth and margin expansion. The company introduced new ambitious 10/16/60+ plus targets for 2028, emphasizing continued organic growth, margin improvement, and significant free cash flow generation, supported by a healthy M&A pipeline and strong demand in key end markets like data centers.

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APG operating KPIs by quarter

APG operating KPIs stated on its earnings calls, by fiscal quarter
KPIThis call Dec 2025 Q4 FY25 Mar 2026 Q1 FY26 Jun 2026 Q2 FY26Change vs prior quarter
Employees —
29K I want to start by thanking our 29,000 teammates for their dedication to API. Source: earnings call transcript
31K I want to begin by thanking our 31,000 leaders for their dedication to APi. Source: earnings call transcript
+6.9%
Backlog
$4B+ Certain end markets are providing excellent project opportunities, which is evidenced by our backlog, which is north of $4 billion and continues to be very strong, robust and healthy. Source: earnings call transcript
—
$5B+ We ended the second quarter with a record backlog, surpassing $5 billion for the first time in APi's history. Source: earnings call transcript
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Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.