APG vs. WAB: APi Group vs. Wabtec Stock Comparison

November 11, 2026

How do APi Group (APG) and Wabtec (WAB) 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 Wabtec (WAB) both fall under the Capital Goods industry group, but APG is classified in Construction & Engineering while WAB is classified in Machinery.

Wabtec (WAB) has more than two decades of public-market history since June 16, 1995, 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 Wabtec (WAB)
Profile Item	APG	WAB
Name	APi Group Corporation Common Stock	Wabtec Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Construction & Engineering	Machinery
GICS Sub-Industry	Construction & Engineering	Construction Machinery & Heavy Transportation Equipment
Market Capitalization	17.38 billion USD	47.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 29, 2020	June 16, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

APG

WAB

GSPC

APi Group (APG) vs. Wabtec (WAB), 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 Wabtec (WAB). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for APi Group (APG) and Wabtec (WAB)
Metric	APG	WAB
Total Return (1Y)	17.89%	44.64%
Total Return (3Y, Annualized)	33.17%	39.37%
Total Return (5Y, Annualized)	23.35%	25.90%

Risk Profile

Drawdown History

APG

WAB

GSPC

APi Group (APG) vs. Wabtec (WAB), 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 Wabtec (WAB). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for APi Group (APG) and Wabtec (WAB)
Metric	APG	WAB
Volatility (1Y, Annualized)	32.45%	27.53%
Beta (5Y)	1.59	0.91
Max Drawdown (5Y)	-49.62%	-23.55%
Avg. Volume (3M)	3.19M	890.96K

Risk-Adjusted Performance

Risk-Return Positioning

APG and WAB 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 Wabtec (WAB)
Metric	APG	WAB
Sharpe Ratio (1Y)	0.42	1.47
Sortino Ratio (1Y)	0.61	2.34

Profitability

ROE (TTM)

Both APi Group (APG) at 10.85% and Wabtec (WAB) at 12.24% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

WAB

Capital Goods industry group

12.24%

Max: 40.55%
Q3: 19.29%
WAB: 12.24%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

APi Group (APG) vs. Wabtec (WAB): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both APi Group (APG) at 4.12% and Wabtec (WAB) at 11.20% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

WAB

Capital Goods industry group

11.20%

Max: 27.47%
Q3: 12.10%
WAB: 11.20%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

APi Group (APG) vs. Wabtec (WAB): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Wabtec (WAB) at 20.22% operates in the top operating margin quartile, ahead of APi Group (APG) at 9.28%, which runs around its industry’s norm.

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%

WAB

Capital Goods industry group

20.22%

Max: 36.60%
WAB: 20.22%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

APi Group (APG) vs. Wabtec (WAB): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for APi Group (APG) and Wabtec (WAB)
Metric	APG	WAB
ROE (TTM)	10.85%	12.24%
ROA (TTM)	5.20%	6.28%
Net Margin (TTM)	4.12%	11.20%
Operating Margin (TTM)	9.28%	20.22%
Gross Margin (TTM)	31.11%	36.17%

Growth

Revenue Growth

Both APi Group (APG) at 12.72% and Wabtec (WAB) at 7.51% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Only one side can be read here: Wabtec (WAB) reports EPS growth of 13.08%, ranked against its industry; APi Group (APG) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for APi Group (APG) and Wabtec (WAB)
Metric	APG	WAB
Revenue Growth (YoY)	12.72%	7.51%
Revenue Growth (3Y CAGR)	6.45%	10.12%
EPS Growth (YoY)	--	13.08%
EPS Growth (3Y CAGR)	--	25.44%

Financial Strength

Current Ratio (MRQ)

Both APi Group (APG) at 1.18 and Wabtec (WAB) at 1.10 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

WAB

Capital Goods industry group

1.10

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
WAB: 1.10
Min: 0.36

APi Group (APG) vs. Wabtec (WAB): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both APi Group (APG) at 1.12 and Wabtec (WAB) at 0.60 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

WAB

Capital Goods industry group

0.60

Max: 2.33
Q3: 1.12
WAB: 0.60
Median: 0.60
Q1: 0.29
Min: 0.00

APi Group (APG) vs. Wabtec (WAB): 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 Wabtec (WAB)
Metric	APG	WAB
Current Ratio (MRQ)	1.18	1.10
Debt / Equity (MRQ)	1.12	0.60
Net Debt / EBITDA	3.05	2.28

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 Wabtec (WAB) reports a yield of 0.42%, 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%

WAB

Capital Goods industry group

0.42%

Max: 2.66%
Q3: 1.14%
WAB: 0.42%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

APi Group (APG) vs. Wabtec (WAB): 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 Wabtec (WAB) reports a payout of 14.66%, 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%

WAB

Capital Goods industry group

14.66%

Max: 67.39%
Q3: 28.02%
WAB: 14.66%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

APi Group (APG) vs. Wabtec (WAB): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for APi Group (APG) and Wabtec (WAB)
Metric	APG	WAB
Dividend Yield (TTM)	0.00%	0.42%
Dividend Payout Ratio (TTM)	0.00%	14.66%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Wabtec (WAB) trades at 35.23 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: --

WAB

Capital Goods industry group

35.23

Max: 59.38
Q3: 35.92
WAB: 35.23
Median: 25.41
Q1: 19.47
Min: 3.03

APi Group (APG) vs. Wabtec (WAB): APG does not report P/E ratio, so it has no value marker; WAB 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 Wabtec (WAB) at 3.90 sits in the pricier quartile — WAB 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

WAB

Capital Goods industry group

3.90

Max: 7.54
WAB: 3.90
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

APi Group (APG) vs. Wabtec (WAB): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Wabtec (WAB) at 4.20 is valued about in line with its industry on P/B ratio, while APi Group (APG) at 5.01 carries an above-peer premium to book — APG is pricier on assets.

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

WAB

Capital Goods industry group

4.20

Max: 9.66
Q3: 5.00
WAB: 4.20
Median: 3.12
Q1: 1.81
Min: -1.08

APi Group (APG) vs. Wabtec (WAB): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for APi Group (APG) and Wabtec (WAB)
Metric	APG	WAB
P/E Ratio (TTM)	--	35.23
P/S Ratio (TTM)	1.95	3.90
P/B Ratio (MRQ)	5.01	4.20
Free Cash Flow Yield (TTM)	3.54%	2.60%