Dec. 5 at 6:24 PM
$APG APi Group Corporation: Major provider of safety and building maintenance services with 30.8% upside potential
Entry Price - 38.99
Target price - 51.00
Position size - 1%
Risk - High
Horizon - 12 months
Growth potential - 30.8%
What's the idea?
The company operates through two main segments: Safety Services (~68% of 2024 revenue) and Specialty Services (~32% of revenue). APi Group generates revenue via contracted services, fabrication, and distribution, with most contracts lasting less than six months.
Management estimates the total addressable market (TAM) at
$160 billion, with long-term growth supported by regulatory requirements. This market includes global electronic security and fire protection services, as well as U.S. elevator and escalator services.
In Q3 2025, APi Group reported
$2.09 billion in revenue (+14.2% YoY),
$281 million adjusted EBITDA (+14.7% YoY, 13.5% margin), and
$0.41 adjusted EPS (+20.6% YoY). It also raised full-year revenue guidance to
$7.825 bil.
