APi Group Corporation (APG) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, APG scores 65 out of 100, a letter grade of C, labeled "Roarable Hold — Fair / Balanced Risk-Reward." The five pillars are:

• Fundamental Cash Engine: 14 / 20. Per the RQD rating, this pillar reflects ROIC of 8.3% and an FCF yield of 3.41%. For a prospective investor, these figures indicate the business generates a modest return on invested capital and a moderate free-cash return relative to the current price.
• Whale 13F Flow: 14 / 20. The RQD rating cites institutional accumulation and options positioning. Specific holder detail is not available in source data, so the score cannot be traced to named filers.
• Insider Conviction: 11 / 20. The RQD rating cites SEC Form 4 and Congressional PTR cluster flow. The underlying transactions are not itemized in source data, so the investor cannot independently verify the direction or size of insider activity.
• Macro Regime Fit: 10 / 20. Per the RQD rating, this reflects a beta of 1.06 and sector sensitivity. This is the lowest-scoring pillar, indicating the stock is expected to move roughly in line with the market and carries cyclical sensitivity without a clear defensive offset.
• Forensic Balance Sheet: 16 / 20. Per the RQD rating, this pillar is supported by an Altman Z-Score of 3.43, a Piotroski F-Score of 8/9, and a Debt/Equity ratio of 0.81. This is the strongest pillar and suggests balance sheet risk is comparatively contained.

Taken together, the investor implication is a balanced profile: solid balance-sheet forensics and a reasonable cash engine are offset by a weak macro-fit score and a valuation that the market data shows as elevated (P/E TTM of 64.4 and EV/EBITDA of 33.5). Upside depends on earnings growth catching up to the current multiple; the rating itself does not signal a directional call.

Per the SEC financials, revenue rose from $6928.0M in FY 2023 to $7911.0M in FY 2025, and net income rose from $153.0M to $302.0M over the same span. Per the market data, the gross margin is 31.4%, operating margin 7%, and net margin 3.8%, with ROIC of 8.3%. Per the RQD rating, the Altman Z-Score is 3.43 and the Piotroski F-Score is 8/9. Per the financials, debt was $2754.0M against cash of $912.0M at FY 2025, and the Debt/Equity ratio is 0.81 per the RQD rating.

• What are the company's specific products, customers, and revenue segments, given that the profile does not describe them?
• Why do reported EPS figures show N/A across all three periods while the market data shows EPS (TTM) of 0.7?
• What is the named composition of the 13F institutional holders and the SEC Form 4 insider transactions underlying the pillar scores?
• What catalysts or earnings events are expected that could justify a forward P/E of 54.1 relative to the trailing 64.4?
• What is the FY 2023 cash balance, which the financials mark as N/A?