APG vs J: Api Group and Jacobs Solutions compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Jacobs Solutions is the larger company, worth $17.3B, close to Api Group's $17.0B.
- Jacobs Solutions grew revenue faster over the last year (+34.5% vs +13.3%).
- Api Group keeps more of each dollar of revenue as operating profit (7.2% vs 4.6%).
- Jacobs Solutions's price assumes faster free cash flow growth: about 10% a year, against 8% for Api Group (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | APG | J |
|---|---|---|
| Market cap | $17.0B | $17.3B |
| Share price | $40.32 | $139.15 |
| Revenue (last fiscal year) | $7.9B | $12.0B |
| Free cash flow (last fiscal year) | $663M | $607M |
| Revenue growth, last year | +13.3% | +34.5% |
| Revenue growth per year, last 5 fiscal years | +19.0% | -3.9% |
| Operating margin | 7.2% | 4.6% |
| Net margin | 4.1% | 2.4% |
| Return on equity | 9.8% | 10.4% |
| P/E (trailing) | — | 43.2x |
| Price / free cash flow | 25.6x | 28.5x |
| EV / EBITDA | 22.2x | 26.6x |
| FCF growth the price implies | 8.2% | 9.6% |
| Dividend yield | — | 0.89% |
| Debt / equity | 1.83x | 2.60x |
| Fundamental grade | C | D |
| Superinvestors holding it | 6 | 4 |
| Insider purchases, last 12 months | 10 | 7 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Api Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.9B | $127M | 3.5% |
| 2022 | $6.6B | $191M | 2.5% |
| 2023 | $6.9B | $428M | 5.2% |
| 2024 | $7.0B | $536M | 6.9% |
| 2025 | $7.9B | $663M | 7.0% |
Jacobs Solutions
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $14.1B | $633M | 4.9% |
| 2022 | $9.8B | $347M | 5.5% |
| 2023 | $10.9B | $837M | 6.2% |
| 2024 | $11.5B | $934M | 6.0% |
| 2025 | $12.0B | $607M | 7.2% |
Where the revenue comes from
Api Group · by segments, 2025
Safety Services$5.5B69%
Specialty Services$2.5B31%
Jacobs Solutions · by segments, 2025
Infrastructure & Advanced Facilities$10.8B89%
PA Consulting$1.3B11%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open APG in InvestinglyQuestions
Which is bigger, Api Group or Jacobs Solutions?
Jacobs Solutions (J), at $17.3B against $17.0B.
Which grows faster, APG or J?
Jacobs Solutions: revenue grew +34.5% over the last year, against +13.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.