---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-011397"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:25:05.298492+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# APi Group posts record Q4 revenue $2.1B (+14% YoY), adj EBITDA $295M (+22%); 2026 guidance above expectations

## Summary
- Record Q4 net revenues of $2,117M (+14% YoY, +11% organic); Q4 adj EBITDA $295M (+22%), margin 13.9% (+90 bps).
- Full year 2025 adj EBITDA $1,041M (+16.6%), margin 13.2% (above 13% target); adj free cash flow $836M (80% conversion).
- Safety Services Q4 segment earnings margin 17.5% (record), +110 bps YoY; Specialty Services Q4 rev +20.7% but FY margin -70 bps.
- Initial 2026 guidance: net rev $8.4-8.6B, adj EBITDA $1.14-1.2B, adj FCF conversion ~115% on adjusted net income.
- Net leverage ratio 1.6x; company targets new '10/16/60+' financial goals for 2026 and beyond.

## SEC filing metadata
- accession: 0001628280-26-011397
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000162828026011397/0001628280-26-011397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000162828026011397/apg-20260225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-011397
- JSON: https://secwatch.observer/filing/0001628280-26-011397.json
- Plain text: https://secwatch.observer/filing/0001628280-26-011397.txt

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