---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-007968"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:48:41.811836+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# APi Group reports record Q4 revenue $1.86B, net income up 168%; FY2025 guidance $7.3-7.5B revenue

## Summary
- Q4 net revenues $1,861M (+5.8% YoY); net income $67M (+168%); adjusted EBITDA $242M (+16.3%).
- Full-year 2024 adjusted EBITDA $893M (12.7% margin, +140bps), adjusted EPS $1.84 (+16.5%).
- Safety Services segment Q4 revenue +13.0% (organic +4.7%), segment earnings margin 16.0%.
- FY2025 guidance: net revenues $7.3-7.5B, adjusted EBITDA $970-1,020M, adjusted FCF conversion ~75%.
- Net leverage ratio ~2.2x, below target of 2.5x, providing capital allocation flexibility.

## SEC filing metadata
- accession: 0001628280-25-007968
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000162828025007968/0001628280-25-007968-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000162828025007968/apg-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-007968
- JSON: https://secwatch.observer/filing/0001628280-25-007968.json
- Plain text: https://secwatch.observer/filing/0001628280-25-007968.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.