Api Group (APG)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $16.9B, Api Group's free cash flow of $663M (fiscal 2025) would need to grow about 8% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 7 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Api Group's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from APG's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Api Group's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.9B | $6.6B | $6.9B | $7.0B | $7.9B |
| Net income | $47M | $73M | $153M | $250M | $302M |
| Free cash flow | $127M | $191M | $428M | $536M | $663M |
| EPS (diluted) | -$0.45 | $0.07 | -$0.46 | -$0.56 | -$0.69 |
| Operating margin | 3.5% | 2.5% | 5.2% | 6.9% | 7.0% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own APG
From each investor's latest 13F filing (what a 13F shows). 6 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Trimmed | $131M | 0.11% | Q2 2026 |
| Dan Loeb Third Point LLC |
Added | $121M | 2.6% | Q2 2026 |
| Adam Wyden ADW Capital Management |
Held | $63M | 13.4% | Q2 2026 |
| Jay Petschek Corsair Capital Management |
Trimmed | $28M | 3.5% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $24M | 0.01% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $23M | 0.05% | Q2 2026 |
Insider buying
Open-market purchases by Api Group's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Feb 4, 2026 | Markwayne Mullin |
0 | $42.17 | — |
| Feb 4, 2026 | Markwayne Mullin |
0 | $42.17 | — |
| Feb 4, 2026 | Markwayne Mullin |
0 | $42.17 | — |
| Jan 5, 2026 | Markwayne Mullin |
0 | $40.40 | — |
| Jan 5, 2026 | Markwayne Mullin |
0 | $40.40 | — |
| Jan 5, 2026 | Markwayne Mullin |
0 | $40.40 | — |
| Dec 10, 2025 | Anthony E Malkin |
3,000 | $39.58 | $118,740 |
| Dec 5, 2025 | Anthony E Malkin |
2,000 | $39.03 | $78,060 |
| Nov 26, 2025 | Anthony E Malkin |
2,000 | $39.46 | $78,920 |
| Oct 15, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $34.55 | — |
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In the full deep dive
Questions
What growth does Api Group's stock price imply?
At a market value of $16.9B, Api Group would need its free cash flow to grow about 8% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 7 years its free cash flow grew 50% a year.
Are Api Group insiders buying the stock?
10 open-market insider purchases of APG in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Api Group?
6 of the superinvestors Investingly tracks hold APG in their latest 13F, including Hersh Cohen, Dan Loeb, Adam Wyden.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.