APi Group sets sights on $10B revenue by 2028 with new financial goals

NEW BRIGHTON, Minn. - APi Group Corporation (NYSE:APG), a leading business services provider with a market capitalization of $12.7 billion and annual revenue of $7.1 billion, announced significant strides towards its long-term financial targets during its Investor Day held today at the New York Stock Exchange. The company introduced a new shareholder value creation framework, aiming for over $10 billion in net revenues and an adjusted EBITDA margin of 16% or more by the year 2028.

The new 10/16/60+ financial targets also include a goal for 60%+ of net revenues to come from inspection, service, and monitoring, alongside expectations to generate more than $3.0 billion in cumulative adjusted free cash flow through 2028. This ambitious plan builds on the company’s previously stated 13/60/80 targets, with APi projecting to achieve a 13% or more adjusted EBITDA margin in 2025. According to InvestingPro data, the company maintains a healthy financial position with a current ratio of 1.47 and operates with a moderate debt level, supporting its growth initiatives.

APi’s President and CEO, Russ Becker, expressed confidence in the company’s strategic plan, citing a strong start to 2025 and positive business momentum as the basis for reaffirming its second-quarter and full-year financial guidance for 2025. The company’s optimism is supported by strong recent performance, with InvestingPro data showing a 24.1% price return over the past six months and six analysts revising their earnings expectations upward for the upcoming period. "We believe our proven operating model and disciplined approach to capital allocation positions APi for sustained organic growth, margin expansion, and value-accretive M&A," said Becker.

In addition to the financial targets, APi announced a three-for-two stock split, with the dividend of additional shares scheduled for June 30, 2025, for shareholders of record as of June 16, 2025. Post-split, APi anticipates having approximately 415 million shares of common stock outstanding. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 18 additional ProTips and a detailed Pro Research Report, helping investors make informed decisions about APi’s current valuation and growth prospects.

APi Group, with over 500 locations worldwide, specializes in fire and life safety, security, and other essential services, maintaining a strong base of long-standing customers across various industries. The company’s leadership emphasizes an entrepreneurial approach and innovative solutions for customer needs, which has contributed to its solid financial health score of "GOOD" according to InvestingPro’s comprehensive assessment framework.

This news is based on a press release statement from APi Group Corporation.

In other recent news, APi Group Corporation reported first-quarter results that exceeded analyst expectations for revenue and subsequently raised its full-year guidance. The company posted adjusted earnings per share of $0.37, aligning with analyst estimates, while revenue reached $1.7 billion, surpassing the consensus estimate of $1.66 billion and marking a 7.4% year-over-year increase. APi Group raised its full-year 2025 revenue guidance to a range of $7.4-$7.6 billion, exceeding previous forecasts and analyst expectations. Additionally, the company increased its adjusted EBITDA outlook to $985-$1,035 million, up from the prior range of $970-$1,020 million.

The Safety Services segment showed strong performance with a 13.4% year-over-year increase in revenue, totaling $1.27 billion. Conversely, the Specialty Services segment saw a 6.8% decline in revenue to $453 million. In a strategic move, APi Group’s board authorized a new $1 billion share repurchase program, replacing the previous authorization. These developments reflect a return to traditional levels of organic growth and efforts to expand margins and drive shareholder value.

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