Apa (APA) Gross Margin (2020 - 2026)
Apa's (APA) quarterly Gross Margin came in at 99.32% in Q1 2026, down 68.0% year-on-year from 310.38% in Q1 2025, and down 2.69% quarter-over-quarter from 102.07% in Q4 2025.
Apa (APA) Gross Margin (2020 - 2026) Analysis & Trends
Apa has disclosed Gross Margin across 7 years of filings, most recently posting 99.32% for Q1 2026.
- Gross Margin for Q1 2026 came in at 99.32%, down 68.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 94.76% (down 452.0% YoY), and the FY2025 annual result was 100.0%, up 54.0% from the prior year.
- Gross Margin came in at 99.32% for Q1 2026 at Apa, down from 102.07% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 160.08% in Q4 2022 to a low of 65.06% in Q4 2023.
- The 5-year median for Gross Margin is 97.99% (2022), against an average of 98.57%.
- Across the five-year window, Gross Margin jumped 12529 bps in 2022 and tumbled 9502 bps in 2023, its largest moves.
- Apa's Gross Margin stood at 160.08% in 2022, then tumbled by 59 bps to 65.06% in 2023, then soared by 50 bps to 97.88% in 2024, then advanced by 4 bps to 102.07% in 2025, then retreated by 3 bps to 99.32% in 2026.
- The last three Gross Margin figures came in at 99.32% (Q1 2026), 102.07% (Q4 2025), and 90.88% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 85.25% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 60.14% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | - |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 93.19% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 99.43% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 54.61% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 88.15% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 98.87% |
| 10 | Apa | 12.94 Bn | 13.59 Bn | 2.20 Bn | 99.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 99.32% |
| Dec 31, 2025 | 102.07% |
| Sep 30, 2025 | 90.88% |
| Jun 30, 2025 | 88.36% |
| Mar 31, 2025 | 100.00% |
| Dec 31, 2024 | 97.88% |
| Sep 30, 2024 | 99.76% |
| Jun 30, 2024 | 99.43% |
| Mar 31, 2024 | 95.59% |
| Dec 31, 2023 | 65.06% |
| Sep 30, 2023 | 90.86% |
| Jun 30, 2023 | 93.32% |
| Mar 31, 2023 | 96.16% |
| Dec 31, 2022 | 160.08% |
| Sep 30, 2022 | 99.03% |
| Jun 30, 2022 | 99.84% |
| Mar 31, 2022 | 97.99% |
| Dec 31, 2021 | 34.79% |
| Sep 30, 2021 | 99.45% |
| Jun 30, 2021 | 85.47% |