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APi vs Primech: revenue, profit, margins and growth compared

APi brought in $7.9B of revenue in fiscal 2025, Primech $74.3M in fiscal 2025. Revenue changed by +12.7% at APi and +2.5% at Primech on the year before, so APi grew faster. APi kept 3.8% of its revenue as net profit, Primech -2.6%. Free cash flow was $663M at APi and $6.3M at Primech.

Side by side, latest fiscal year

APGPMEC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (March 31, 2025)
Revenue$7.9B$74.3M
Revenue growth+12.7%+2.5%
Net income$302M-$1.9M
Net margin3.8%-2.6%
Free cash flow$663M$6.3M
Free cash flow margin8.4%8.5%
Earnings per share (diluted)-$0.69-$0.05
Cash$912M$10.1M
Debt$2.8B$12.8M
Price to earningsn/an/a
Market value$16.6B$23.5M
Dividend yieldn/an/a
Rank by revenue in sector#141 of 955 · Consumer discretionary#743 of 955 · Consumer discretionary

Over the years

Revenue
APG FY2018: $3.7BAPG FY2020: $985MAPG FY2020: $3.6BAPG FY2021: $3.9BAPG FY2022: $6.6BAPG FY2023: $6.9BAPG FY2024: $7BAPG FY2025: $7.9BPMEC FY2024: $69MPMEC FY2024: $72.5MPMEC FY2025: $74.3MFY18FY20FY21FY22FY23FY24FY25
APG $7.9BPMEC $74.3M
Net income
APG FY2018: $136MAPG FY2020: -$153MAPG FY2020: -$153MAPG FY2021: $47MAPG FY2022: $73MAPG FY2023: $153MAPG FY2024: $250MAPG FY2025: $302MPMEC FY2024: -$2.5MPMEC FY2024: -$3.2MPMEC FY2025: -$1.9MFY18FY20FY21FY22FY23FY24FY25
APG $302MPMEC -$1.9M
Net margin
APG FY2018: 3.6%APG FY2020: -15.5%APG FY2020: -4.3%APG FY2021: 1.2%APG FY2022: 1.1%APG FY2023: 2.2%APG FY2024: 3.6%APG FY2025: 3.8%PMEC FY2024: -3.7%PMEC FY2024: -4.5%PMEC FY2025: -2.6%FY18FY20FY21FY22FY23FY24FY25
APG 3.8%PMEC -2.6%
Revenue growth
APG FY2020: -73.6%APG FY2020: +264.2%APG FY2021: +9.8%APG FY2022: +66.4%APG FY2023: +5.6%APG FY2024: +1.3%APG FY2025: +12.7%PMEC FY2024: +5.1%PMEC FY2025: +2.5%FY20FY21FY22FY23FY24FY25
APG +12.7%PMEC +2.5%
Free cash flow
APG FY2018: $38MAPG FY2020: $139MAPG FY2020: $458MAPG FY2021: $127MAPG FY2022: $191MAPG FY2023: $428MAPG FY2024: $536MAPG FY2025: $663MPMEC FY2024: -$5.2MPMEC FY2024: -$10MPMEC FY2025: $6.3MFY18FY20FY21FY22FY23FY24FY25
APG $663MPMEC $6.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about APi and Primech

Which is bigger by revenue, APi or Primech?

APi is bigger by revenue: $7.9B in fiscal 2025, against $74.3M for Primech in fiscal 2025.

Which keeps more of its revenue as profit, APi or Primech?

APi had a net margin of 3.8% in fiscal 2025; Primech had -2.6% in fiscal 2025.

Which grew revenue faster, APi or Primech?

In their latest fiscal years revenue changed by +12.7% at APi and +2.5% at Primech.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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