APi GroupAPG -0.64%78 Gross Margin % is 31.28% as of Mar. 2026, which is 20% above its 10-year median of 26.14. GuruFocus rates APG with a GF Score™ of 78/100 and a GF Value™ of $26.66 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,724 Construction companies, APi Group ranks better than 71.06% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. APi Group's Gross Profit for the
three
months ended in Mar. 2026 was $620 Mil. APi Group's Revenue for the
three
months ended in Mar. 2026 was $1,982 Mil. Therefore, APi Group's Gross Margin % for the quarter that ended in Mar. 2026 was 31.28%.
The historical rank and industry rank for APi Group's Gross Margin % or its related term are showing as below:
APG'
s Gross Margin % Range Over the Past 10 Years
Min: 21.08 Med: 26.14 Max: 31.44
Current: 31.38
During the past 8 years, the highestGross Margin % of APi Group was 31.44%. The lowest was 21.08%. And the median was 26.14%.
APG's Gross Margin % is ranked better than 71.06% of 1724
companies
in the Construction industry
Industry Median: 20.705
vs APG: 31.38
APi Group had a gross margin of 31.28% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for APi Group was 8.50% per year.
APi Group (NYSE:APG) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
APi Group had a gross margin of 31.28% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
APi Group Gross Margin % Related Terms
APi Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for APi Group's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Engineering & Construction subindustry, APi Group's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
APi Group Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, APi Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where APi Group's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
APi Group (APG) has a Gross Margin % of 31.28% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on APi Group and its competitors. This is 20% above median its historical median of 26.14. Over the past decade, APi Group's Gross Margin % has ranged from 21.08 to 31.44. According to the industry distribution chart, APi Group ranks #499 out of 1724 companies in the Construction industry, placing it in the top 28.9%.
Is APi Group's Gross Margin % too high?
APi Group's current Gross Margin % of 31.28% is 20% above median its 10-year median of 26.14. Over the past 10 years, this metric has ranged from a low of 21.08 to a high of 31.44. The Construction industry median Gross Margin % is 20.71. APi Group's value of 31.28% is 51.1% above this industry median. Based on the distribution chart, APi Group ranks #499 out of 1724 companies in the Construction industry, which is above the industry midpoint. Overall, APi Group has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APi Group's Gross Margin % compare to DY and J?
According to the Construction industry distribution chart, APi Group ranks #499 out of 1724 companies for Gross Margin %. This puts APi Group in the upper half of its industry. The industry median Gross Margin % is 20.71. APi Group's value of 31.28% is 51.1% above this benchmark. Historically, APi Group's own Gross Margin % has ranged from 21.08 to 31.44 over the past decade. While the company's 10-year median is 26.14 vs. the industry median of 20.71, APi Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Construction company?
The median Gross Margin % among Construction companies is 20.71, based on 1,724 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. APi Group's current Gross Margin % of 31.28% is 51.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on APi Group and its competitors. For the Construction industry, the median Gross Margin % is 20.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APi Group's current Gross Margin % is 31.28%, which is 20% above median its own 10-year median of 26.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APi Group stock overvalued right now?
Based on GuruFocus' analysis, APi Group (APG) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.66, compared to a current price of $41.68 — trading 56.3% above its estimated fair value. The current Gross Margin % is 31.28%, which is 20% above median its 10-year median of 26.14 and 51.1% above the Construction industry median of 20.71. APi Group's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For APi Group (APG), the current Gross Margin % is 31.28% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is APi Group (APG) Overvalued in 2026?
Based on GuruFocus' analysis, APi Group stock appears to be overvalued.
The current stock price of $41.68 is trading 56.3% above its estimated GF Value™ of $26.66.
GuruFocus considers APi Group to be Significantly Overvalued.
Key valuation signals for APG:
Gross Margin %: 31.28% (20% above median its 10-year median of 26.14)
GF Value™: $26.66 vs. price of $41.68 (56.3% above fair value)
Industry Position: 51.1% above the Construction median (#499 of 1724)
No single metric tells the full story. See the APG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APi Group Corp operates in two segments: Safety Services segment includes providing safety services in North America, Asia Pacific, and Europe, focusing on end-to-end integrated occupancy systems (fire protection solutions, Heating, Ventilation, and Air Conditioning and entry systems), including design, installation, inspection, and service of these integrated systems. These services are provided in commercial, education, healthcare, high tech, industrial, and special-hazard settings. Specialty Services segment includes providing a variety of infrastructure services and specialized industrial plant services, which include maintenance and repair of critical infrastructure such as underground electric, gas, water, sewer, and telecommunications infrastructure.
78GF Score
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