What is the 13F Pro Quality Score for APG?

13F Pro ranks APi Group Corp (APG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View APG's current score at https://13fpro.ai/company/APG (free sign-up required for the full ranking).

Which hedge funds own the most APG stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of APG include BlackRock,, Jupiter Topco, VANGUARD CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/APG as soon as new 13F filings post.

Where does 13F Pro source APG data?

All APi Group Corp fundamentals and ownership data come directly from SEC EDGAR. APi Group Corp files with the SEC under CIK 1796209. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is APG in?

APi Group Corp (APG) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives APG's revenue?

Per APi Group Corp's latest 10-Q filed with the SEC on 2026-07-30, the biggest revenue drivers are: Safety Services ($1,482M, +8.8% YoY); Specialty Services ($773M, +22.9% YoY); Infrastructure and Utility ($299M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/APG.

What are APG's largest expenses?

APi Group Corp's latest 10-Q reports these as the largest expense items: Cost of revenues ($1,551M, +12.8% YoY); Selling, general, and administrative expenses ($528M, +11.9% YoY); Interest expense, net ($36M, -2.7% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is APG research updated on 13F Pro?

APG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

APi Group Corp(APG)Stock Analysis

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13F Pro Quality Score

65.4/100

Rank #480 of 2,960 stocksTOP 25%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

61.8/100

Profitability

48.9/100

Balance Sheet

63.7/100

Earnings Quality

75.6/100

Free Cash Flow

50.6/100

Institutional Flow

79.4/100

Revenue Scale

84.6/100

Dilution Risk

72.7/100

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Why APG Scores 65/100

exact factor attribution · 2026-09-10

APG's composite is driven by scale and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+5.2 pts

85th pct

Earnings quality

+2.6 pts

76th pct

Revenue growth

+2.3 pts

62th pct

Institutional flow

+1.5 pts

79th pct

Earnings growth

+1.4 pts

78th pct

Capital efficiency

+1.4 pts

64th pct

Shareholder dilution

+1.1 pts

73th pct

Free cash flow

+0.1 pts

51th pct

Profitability

-0.2 pts

49th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

APG Stock Analysis & AI Quality Score

Data updated 2026-09-10

AI stock analysis and institutional research for APi Group Corp (APG), a Industrials sector company. 13F Pro's AI-powered ranking engine scores APG at 65.4/100 on a 32-signal composite quality model, placing it at rank #480 of 2,960 stocks — the top 25% of the AI-ranked universe. APG scores in the top quartile across revenue scale (84.6), institutional flow (79.4), earnings quality (75.6). Based on the latest XBRL financial filings (Q2 2026), APi Group Corp reports quarterly revenue of $2.3B, net income of $99.0M, an operating margin of 7.8%. Top institutional holders of APG by reported 13-F value include BlackRock, Jupiter Topco, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. APG trades on the NYSE exchange and files with the SEC under CIK 1796209. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate APG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for APi Group Corp directly from SEC EDGAR. APi Group Corp's 13F Pro composite quality score has ranged between 35 and 66 since 2021, currently 65.4 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about APi Group Corp

Quirks, history, and lore behind APG — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. industrials company · mid-cap · listed on NYSE · headquartered in Minnesota.
2
The Numbers
Annual revenue roughly $7 billion, built largely through acquisitions rather than organic growth — this company has bought dozens of businesses over the years.
3
The History
Went public via a SPAC merger around 2021, giving a sprawling portfolio of specialty service businesses a fresh stock-market home.
4
The Secret
Its bread and butter is life-safety services — think fire suppression, detection, and security systems — the unglamorous stuff that keeps buildings from burning down.
5
The Lore
The company operates across North America and Europe, with roots tracing back through predecessor businesses to the construction and infrastructure services world that most people never think about until something goes wrong.
6
The Giveaway
Its ticker spells out APG, short for a name that sounds like an API call gone corporate — APi Group, the holdco quietly inspecting, protecting, and maintaining the infrastructure all around you.

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What's Driving APG's Business? Latest 10-Q Breakdown

✓ 31/31 datapoints verified

AI-extracted from APi Group Corp's 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

APi Group's Q2 FY2026 net revenues rose 13.3% YoY to $2,254M, led by 22.9% growth in Specialty Services, while operating income grew 22.4% to $175M on 30bps of gross margin expansion.

Biggest Revenue Drivers

Safety Services$1,482M+8.8% YoY

Solid growth in inspection, service, and monitoring revenues, growth in project revenues, acquisitions, pricing improvements, and foreign exchange translation impacts

Specialty Services$773M+22.9% YoY

Robust growth in both project and service revenues

Biggest Revenue Drivers

Total revenue: $2,254M+13.3% YoY

Safety Services$1,482M+8.8% YoY

Solid growth in inspection, service, and monitoring revenues, growth in project revenues, acquisitions, pricing improvements, and foreign exchange translation impacts

Specialty Services$773M+22.9% YoY

Robust growth in both project and service revenues

Within Specialty Services

Infrastructure and Utility$299M

Specialty Contracting$373M

Fabrication and Distribution$101M

Largest Expense Items

Cost of revenues$1,551M+12.8% YoY

Grew in line with revenue, with gross margin expanding on disciplined customer and project selection and pricing improvements, partially offset by project and business mix

Selling, general, and administrative expenses$528M+11.9% YoY

Driven by expenses from acquisitions completed during the prior 12 months, amortization of intangible assets, non-recurring systems and business enablement expenses, and investments to support growth

Interest expense, net$36M-2.7% YoY

Decrease in floating rates and benefits from certain derivative transactions, offset by an increased volume of outstanding debt

Margins: Gross margin rose 30bps YoY to 31.2%, driven by disciplined customer and project selection and pricing improvements in both project and service revenues, partially offset by project and business mix. SG&A as a % of revenue improved to 23.4% from 23.7% as revenue growth outpaced expense growth.

Watch Items from the Filing

Remaining performance obligations totaled $4,066M at quarter end, with ~81% expected to be recognized as revenue over the next twelve months.
Total debt obligations rose to $3,551M from $2,776M at year-end, including a new $500M 5.750% Senior Notes offering (vs. 4.125%/4.750% on existing notes) issued to fund acquisitions.
Two large acquisitions closed in the quarter — CertaSite ($271M) and Onyx-Fire ($522M) — driving $861M of cash used in investing activities for the six months.
Revenues from foreign operations represented approximately 31% of consolidated net revenues, and the company cites increased tariffs on imported goods as a potential cost and demand headwind.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$2.3B

Net Income

Q2 2026

$99.0M

Free Cash Flow

Q2 2026

$52.0M

Operating Margin

Q2 2026

7.8%

ROIC

Q2 2026

9.2%

D/E Ratio

Q2 2026

1.18

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+12.7% YoY

$7.91BFY 2025

FY22 $6.56BFY23 $6.93BFY24 $7.02BFY25 $7.91B

Net Income

+20.8% YoY

$302.0MFY 2025

FY22 $73.0MFY23 $153.0MFY24 $250.0MFY25 $302.0M

Operating Income

+14.5% YoY

$554.0MFY 2025

FY22 $162.0MFY23 $359.0MFY24 $484.0MFY25 $554.0M

EPS (Diluted)

-84.8% YoY

$-0.69FY 2025

FY22 $0.07FY23 $-0.31FY24 $-0.37FY25 $-0.69

Total Assets

+9.6% YoY

$8.94BFY 2025

FY22 $8.09BFY23 $7.59BFY24 $8.15BFY25 $8.94B

Total Debt

+0.3% YoY

$2.77BFY 2025

FY22 $2.79BFY23 $2.34BFY24 $2.76BFY25 $2.77B

Op. Cash Flow

+22.4% YoY

$759.0MFY 2025

FY22 $270.0MFY23 $514.0MFY24 $620.0MFY25 $759.0M

Free Cash Flow

+23.7% YoY

$663.0MFY 2025

FY22 $191.0MFY23 $428.0MFY24 $536.0MFY25 $663.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$7.91B +12.7%	$7.02B +1.3%	$6.93B +5.6%	$6.56B +66.4%	$3.94B +9.8%	$3.59B
Net Income	$302.0M +20.8%	$250.0M +63.4%	$153.0M +109.6%	$73.0M +55.3%	$47.0M +130.7%	$-153.0M
Operating Income	$554.0M +14.5%	$484.0M +34.8%	$359.0M +121.6%	$162.0M +19.1%	$136.0M +181.9%	$-166.0M
EPS (Diluted)	$-0.69 -84.8%	$-0.37 -21.7%	$-0.31 -559.8%	$0.07 +114.9%	$-0.45 +69.7%	$-1.47
Total Assets	$8.94B +9.6%	$8.15B +7.4%	$7.59B -6.2%	$8.09B +56.8%	$5.16B +26.9%	$4.07B
Total Debt	$2.77B +0.3%	$2.76B +18.1%	$2.34B -16.2%	$2.79B +57.8%	$1.77B +24.9%	$1.42B
Operating Cash Flow	$759.0M +22.4%	$620.0M +20.6%	$514.0M +90.4%	$270.0M +48.4%	$182.0M -63.3%	$496.0M
Free Cash Flow	$663.0M +23.7%	$536.0M +25.2%	$428.0M +124.1%	$191.0M +50.4%	$127.0M -72.3%	$458.0M

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Available Research

13F Pro tracks comprehensive data for APi Group Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of APG

BlackRock, Inc.
$1.5B36,185,639 sh
Jupiter Topco LLC
$998.6M23,581,036 sh
VANGUARD CAPITAL MANAGEMENT LLC
$743.3M17,550,469 sh
FMR LLC
$741.1M17,499,605 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$701.5M16,565,140 sh
PRICE T ROWE ASSOCIATES INC /MD/
$631.1M14,901,946 sh
Durable Capital Partners LP
$513.8M12,131,313 sh
STATE STREET CORP
$501.3M11,837,492 sh
Pictet Asset Management Holding SA
$436.2M10,303,294 sh
GEODE CAPITAL MANAGEMENT, LLC
$360.0M8,499,092 sh

Fund	Value	Shares
BlackRock, Inc.	$1.5B	36,185,639
Jupiter Topco LLC	$998.6M	23,581,036
VANGUARD CAPITAL MANAGEMENT LLC	$743.3M	17,550,469
FMR LLC	$741.1M	17,499,605
VANGUARD PORTFOLIO MANAGEMENT LLC	$701.5M	16,565,140
PRICE T ROWE ASSOCIATES INC /MD/	$631.1M	14,901,946
Durable Capital Partners LP	$513.8M	12,131,313
STATE STREET CORP	$501.3M	11,837,492
Pictet Asset Management Holding SA	$436.2M	10,303,294
GEODE CAPITAL MANAGEMENT, LLC	$360.0M	8,499,092

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Is APG a good stock to buy?

13F Pro's AI-powered analysis of APi Group Corp (APG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for APG are available on the APG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. APG is classified as a large company.

Which hedge funds own APG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling APG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of APi Group Corp's investment landscape.