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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
~$18B
Revenue (FY25)
$7.9B
Rev. growth
+13%
Adj. EBITDA margin
13.2%
Recurring rev.
~53%
Employees
~29,000
Locations
500+
Dividend
None
In plain English
APi Group is the world's largest life-safety services roll-up — it designs, installs, inspects and maintains the fire sprinklers, alarms, HVAC and security systems that buildings are legally required to keep working. Its edge is recurring, statutorily-mandated inspection revenue (~53% of sales): once APi installs a system it earns $3-4 of service for every $1 of inspection, across 500+ branches and 20+ countries.
In simple terms
What APi Group Corporation really sells
APi Group is the world's largest life-safety services roll-up — it designs, installs, inspects and maintains the fire sprinklers, alarms, HVAC and security systems that buildings are legally required to keep working. Its edge is recurring, statutorily-mandated inspection revenue (~53% of sales): once APi installs a system it earns $3-4 of service for every $1 of inspection, across 500+ branches and 20+ countries.
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