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APi Group vs Frontdoor: APG and FTDR compared
APi Group is the larger company: $2.6B of revenue in its latest quarter (Q3 2026) against $655M for Frontdoor (Q3 2026). APi Group is growing faster (+22% against +6% a year earlier). Frontdoor is more profitable, with an operating margin of 23.5% against 7.9%.
Where the money goes: APG and FTDR
APi Group (APG) · Q3 2026
APi Group, Q3 2026: revenue $2.6B (+22% year over year), operating margin 7.9%, net earnings $114M, operating cash flow $225M. The chart follows the revenue to costs, profit and cash.
Frontdoor (FTDR) · Q3 2026
Frontdoor, Q3 2026: revenue $655M (+6% year over year), operating margin 23.5%, net earnings $116M, operating cash flow $73.0M. The chart follows the revenue to costs, profit and cash.
| APi Group (APG) | Frontdoor (FTDR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.6B | $655M |
| Revenue growth, Y/Y | +22% | +6% |
| Gross margin | 30.1% | 55.3% |
| Operating margin | 7.9% | 23.5% |
| Net earnings | $114M | $116M |
| Net margin | 4.5% | 17.7% |
| Operating cash flow | $225M | $73.0M |
| Free cash flow | $198M | $65.0M |
| Market value | $17.6B | $6.8B |
| P/E | — | 24.0× |
| Analysts’ mean target | $55.18 | $95.40 |
Where the revenue comes from
APi Group
- Life Safety: $1.7B (65%)
- Specialty Contracting: $421M (16%)
- Infrastructure and Utility: $349M (14%)
- Fabrication and Distribution: $123M (5%)
Frontdoor
- Renewals: $479M (73%)
- Non-Warranty and Other: $78.0M (12%)
- Direct to Consumer Home Service Plan Contracts: $54.0M (8%)
- Real Estate Home Service Plan Contracts: $44.0M (7%)
Questions
Which is bigger, APi Group or Frontdoor?
APi Group is the larger company: $2.6B of revenue in its latest quarter (Q3 2026) against $655M for Frontdoor (Q3 2026).
Is APi Group or Frontdoor growing faster?
APi Group is growing faster (+22% against +6% a year earlier).
Which is more profitable, APi Group or Frontdoor?
Frontdoor is more profitable, with an operating margin of 23.5% against 7.9%.
More: APi Group earnings · how APi Group makes money · Frontdoor earnings · how Frontdoor makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.