APi Group Posts Q4 Revenue of $2.12 B, Raises Q1 Outlook 3%
APi Group delivered Q4 CY2025 revenue of $2.12 B, up 13.7% year-on-year, topping analyst estimates by 1.4%, with adjusted EPS of $0.44, 6.4% above consensus, and adjusted EBITDA of $295 M, a 2.3% beat. It forecast Q1 sales at a $1.93 B midpoint, 3% ahead of projections, while FY26 EBITDA guidance of $1.17 B slightly trails estimates.
1. Q4 Revenue, EPS and EBITDA Beats
APi Group reported Q4 CY2025 revenue of $2.12 B, representing 13.7% year-on-year growth and a 1.4% beat over estimates. Adjusted EPS came in at $0.44, 6.4% above consensus, and adjusted EBITDA reached $295 M, exceeding forecasts by 2.3%.
2. Revenue and EBITDA Guidance
The company guided Q1 CY2026 revenue to a $1.93 B midpoint, 3% above analyst projections. It set FY26 EBITDA guidance at a $1.17 B midpoint, marginally below the $1.18 B consensus estimate.
3. Margin Expansion and Cash Flow
Operating margin improved to 7.7% from 6.3% a year earlier, reflecting greater expense efficiency. Free cash flow margin climbed to 16.8% from 14.2%, driven by stronger cash conversion and organic revenue growth.