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APG vs. ETN: APi Group vs. Eaton Stock Comparison

How do APi Group (APG) and Eaton (ETN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

APi Group (APG) and Eaton (ETN) both fall under the Capital Goods industry group, but APG is classified in Construction & Engineering while ETN is classified in Electrical Equipment.

Eaton (ETN) has more than two decades of public-market history since June 1, 1972, whereas APi Group (APG) listed on April 29, 2020 and has a much shorter record to draw on.

Company profile comparison for APi Group (APG) and Eaton (ETN)
Profile ItemAPGETN
NameAPi Group Corporation Common StockEaton Corporation plc
Country/RegionUnited StatesIreland
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryConstruction & EngineeringElectrical Equipment
GICS Sub-IndustryConstruction & EngineeringElectrical Components & Equipment
Market Capitalization17.38 billion USD132.76 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateApril 29, 2020June 1, 1972
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

APG
ETN
GSPC
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APi Group (APG) vs. Eaton (ETN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for APi Group (APG) and Eaton (ETN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for APi Group (APG) and Eaton (ETN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for APi Group (APG) and Eaton (ETN)
MetricAPGETN
Total Return (1Y)17.89%-2.33%
Total Return (3Y, Annualized)33.17%19.68%
Total Return (5Y, Annualized)23.35%17.50%

Risk Profile

Drawdown History

APG
ETN
GSPC
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APi Group (APG) vs. Eaton (ETN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for APi Group (APG) and Eaton (ETN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for APi Group (APG) and Eaton (ETN)
MetricAPGETN
Volatility (1Y, Annualized)32.45%43.57%
Beta (5Y)1.591.14
Max Drawdown (5Y)-49.62%-34.46%
Avg. Volume (3M)3.19M2.32M

Risk-Adjusted Performance

Risk-Return Positioning

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APG and ETN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for APi Group (APG) and Eaton (ETN)
MetricAPGETN
Sharpe Ratio (1Y)0.42-0.15
Sortino Ratio (1Y)0.61-0.21

Profitability

ROE (TTM)

Eaton (ETN) at 19.55% sits in the top ROE quartile, while APi Group (APG) at 10.85% is closer to the peer norm — stronger capital efficiency for ETN.

APG

Capital Goods industry group

10.85%

Max
40.55%
Q3
19.29%
Median
12.12%
APG
10.85%
Q1
4.08%
Min
-17.12%

ETN

Capital Goods industry group

19.55%

Max
40.55%
ETN
19.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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APi Group (APG) vs. Eaton (ETN): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Eaton (ETN) at 12.18% retains a top-quartile share of revenue as profit, ahead of APi Group (APG) at 4.12%, which keeps about the industry-typical share.

APG

Capital Goods industry group

4.12%

Max
27.47%
Q3
12.10%
Median
6.30%
APG
4.12%
Q1
1.40%
Min
-12.89%

ETN

Capital Goods industry group

12.18%

Max
27.47%
ETN
12.18%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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APi Group (APG) vs. Eaton (ETN): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both APi Group (APG) at 9.28% and Eaton (ETN) at 17.85% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

APG

Capital Goods industry group

9.28%

Max
36.60%
Q3
18.33%
Median
11.12%
APG
9.28%
Q1
5.14%
Min
-12.63%

ETN

Capital Goods industry group

17.85%

Max
36.60%
Q3
18.33%
ETN
17.85%
Median
11.12%
Q1
5.14%
Min
-12.63%
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APi Group (APG) vs. Eaton (ETN): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for APi Group (APG) and Eaton (ETN)
MetricAPGETN
ROE (TTM)10.85%19.55%
ROA (TTM)5.20%7.22%
Net Margin (TTM)4.12%12.18%
Operating Margin (TTM)9.28%17.85%
Gross Margin (TTM)31.11%35.16%

Growth

Revenue Growth

Both APi Group (APG) at 12.72% and Eaton (ETN) at 10.33% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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APi Group (APG) vs. Eaton (ETN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Eaton (ETN) reports EPS growth of 10.00%, ranked against its industry; APi Group (APG) has no EPS growth figure this period.

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APi Group (APG) vs. Eaton (ETN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for APi Group (APG) and Eaton (ETN)
MetricAPGETN
Revenue Growth (YoY)12.72%10.33%
Revenue Growth (3Y CAGR)6.45%9.77%
EPS Growth (YoY)--10.00%
EPS Growth (3Y CAGR)--19.39%

Financial Strength

Current Ratio (MRQ)

Both APi Group (APG) at 1.18 and Eaton (ETN) at 1.23 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

APG

Capital Goods industry group

1.18

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
APG
1.18
Min
0.36

ETN

Capital Goods industry group

1.23

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
ETN
1.23
Min
0.36
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APi Group (APG) vs. Eaton (ETN): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both APi Group (APG) at 1.12 and Eaton (ETN) at 1.00 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

APG

Capital Goods industry group

1.12

Max
2.33
Q3
1.12
APG
1.12
Median
0.60
Q1
0.29
Min
0.00

ETN

Capital Goods industry group

1.00

Max
2.33
Q3
1.12
ETN
1.00
Median
0.60
Q1
0.29
Min
0.00
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APi Group (APG) vs. Eaton (ETN): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for APi Group (APG) and Eaton (ETN)
MetricAPGETN
Current Ratio (MRQ)1.181.23
Debt / Equity (MRQ)1.121.00
Net Debt / EBITDA3.052.85

Dividends

Dividend Yield (TTM)

APi Group (APG) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Eaton (ETN) reports a yield of 1.33%, ranking against industry peers normally.

APG

Capital Goods industry group

0.00%

Max
2.66%
Q3
1.14%
Median
0.24%
APG
0.00%
Q1
0.00%
Min
0.00%

ETN

Capital Goods industry group

1.33%

Max
2.66%
ETN
1.33%
Q3
1.14%
Median
0.24%
Q1
0.00%
Min
0.00%
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APi Group (APG) vs. Eaton (ETN): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

APi Group (APG) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Eaton (ETN) reports a payout of 43.36%, ranking against industry peers normally.

APG

Capital Goods industry group

0.00%

Max
67.39%
Q3
28.02%
Median
6.86%
APG
0.00%
Q1
0.00%
Min
0.00%

ETN

Capital Goods industry group

43.36%

Max
67.39%
ETN
43.36%
Q3
28.02%
Median
6.86%
Q1
0.00%
Min
0.00%
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APi Group (APG) vs. Eaton (ETN): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for APi Group (APG) and Eaton (ETN)
MetricAPGETN
Dividend Yield (TTM)0.00%1.33%
Dividend Payout Ratio (TTM)0.00%43.36%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Eaton (ETN) trades at 34.14 times trailing earnings, ranked against its peers, while APi Group (APG) has no P/E ratio this period.

APG

Capital Goods industry group

--

Max
59.38
Q3
35.92
Median
25.41
Q1
19.47
Min
3.03
APG
--

ETN

Capital Goods industry group

34.14

Max
59.38
Q3
35.92
ETN
34.14
Median
25.41
Q1
19.47
Min
3.03
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APi Group (APG) vs. Eaton (ETN): APG does not report P/E ratio, so it has no value marker; ETN is benchmarked against the Capital Goods industry group.

P/S Ratio (TTM)

APi Group (APG) at 1.95 is priced about in line with its industry on P/S ratio, while Eaton (ETN) at 4.15 sits in the pricier quartile — ETN costs more per dollar of sales.

APG

Capital Goods industry group

1.95

Max
7.54
Q3
3.76
Median
2.15
APG
1.95
Q1
1.03
Min
0.03

ETN

Capital Goods industry group

4.15

Max
7.54
ETN
4.15
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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APi Group (APG) vs. Eaton (ETN): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both APi Group (APG) at 5.01 and Eaton (ETN) at 6.33 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

APG

Capital Goods industry group

5.01

Max
9.66
APG
5.01
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08

ETN

Capital Goods industry group

6.33

Max
9.66
ETN
6.33
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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APi Group (APG) vs. Eaton (ETN): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for APi Group (APG) and Eaton (ETN)
MetricAPGETN
P/E Ratio (TTM)--34.14
P/S Ratio (TTM)1.954.15
P/B Ratio (MRQ)5.016.33
Free Cash Flow Yield (TTM)3.54%2.29%