APi Group (APG)
Runs inspection-led fire safety, security, elevator, and specialty service businesses.
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Provides fire protection, electronic security, elevator and escalator systems through Safety Services, plus specialty contracting and infrastructure work through Specialty Services. Recurring inspection, service, and monitoring relationships are supported by installation work, while the acquisition-led model depends on renewals, skilled labor, integration, and financing.
Provides fire protection, electronic security, elevator and escalator systems through Safety Services, spanning design, installation, inspection, service, and monitoring across North America, Europe, and Asia-Pacific. Specialty Services adds specialty contracting, fabrication, distribution, infrastructure, and utility work, principally in North America.
Builds recurring customer relationships by pairing installation and project work with contractual inspection, service, and monitoring. Local operating companies retain their identities and customer ties while using group resources and leadership development.
Depends on regulation-driven demand, customer renewals, skilled labor, disciplined project selection, and conversion of installed systems into service work. Continued portfolio expansion also requires finding, financing, and integrating acquisitions while managing substantial debt.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | Wells Fargo | Initiate | Rating: —Target: — | Target: $53 |
| Jul 31, 2026 | Robert W. Baird | Target | Target: $52 | Target: $47 |
| Jul 20, 2026 | UBS | Target | Target: $49 | Target: $52 |
| May 7, 2026 | Barclays | Reiterate | Rating: —Target: $44 | Target: $54 |
| May 1, 2026 | Robert W. Baird | Target | Target: $43 | Target: $52 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $851.0M · Total debt $3.84B · Total assets $9.95B · Shareholders' equity $3.52B
- Revenue
- $2.25B
- Operating income
- $175.0M
- Net income
- $99.0M
No dividends on record.
| Institutions | 85.30% | 368.62M shares | |
|---|---|---|---|
| 593 holders · as of Jun 30, 2026 | |||
| Insiders | 15.53% | 67.12M shares | |
| 12 holders · as of Aug 5, 2026 | |||
| Strategic holders | 5.14% | 22.23M shares | |
| 1 holder · as of Nov 14, 2025 | |||
| Adds to | 105.97% | ||
432.16M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.97%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Martin E. Franklin1Insiderdirector, 10 percent owner | 11.21% | 50.43M | filed Jun 12, 2026 |
BlackRock, Inc.Institution | 8.37% | 36.19M | as of Jun 30, 2026 |
Jupiter Topco LLCInstitution | 5.46% | 23.58M | as of Jun 30, 2026 |
Janus Henderson Group PLCStrategic | 5.14% | 22.23M | filed Nov 14, 2025 |
Vanguard Capital Management LLCInstitution | 4.06% | 17.55M | as of Jun 30, 2026 |
- Martin E. Franklin's transaction reports restate only vehicles that traded; the 2026 ownership statement (50.43M) less the 2.00M net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Ian G. H. Ashken | director | −85,072 | $40.36 |
| Aug 3, 2026 | Ian G. H. Ashken | director | −214,928 | $39.91 |
| Aug 3, 2026 | James E. Lillie | director | −360,000 | $39.84 |
| Jun 17, 2026 | Anthony E. Malkin | director | −7,000 | $42.47 |
| Jun 11, 2026 | Martin E. Franklin | director, 10 percent owner: | −2,000,000 | $42.08 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| APi Group | $37.34 | −0.32% | $16.19B | — | 20.2 | 1.9 | +13.3% |
| Johnson Controls | $145.68 | +0.34% | $87.94B | 25.3 | 25.0 | 3.5 | +9.3% |
| EMCOR Group | $754.69 | −0.40% | $33.42B | 23.7 | 21.6 | 1.8 | +19.8% |
| Cintas | $196.64 | −0.12% | $78.79B | 40.1 | 35.7 | 7.0 | +8.9% |
| Quanta Services | $645.43 | +0.44% | $96.61B | 73.6 | 35.9 | 2.9 | +41.1% |
| Otis | $67.66 | +1.53% | $25.37B | 17.1 | 16.0 | 1.7 | +7.3% |
| MasTec | $223.76 | +0.39% | $17.90B | 35.6 | 20.2 | 1.1 | +23.4% |
| Median | 30.4 | 23.3 | 2.4 | +14.5% |