Apa (APA) Net Margin (2020 - 2026)
Apa (APA) reported Net Margin of 31.14% for Q2 2026, up 8.05 percentage points from 23.09% a year earlier and up 11.00 percentage points from the prior quarter.
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Analysis
Apa (APA) Net Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Apa's Net Margin came in at 19.48%, up 8.95 percentage points year-over-year; for FY2025, it was 15.55%, up 7.30 percentage points from FY2024.
- Net Margin has a five-year change of +128.37 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 8.26% in FY2024 (-26.59 pp), 34.85% in FY2023 (+4.57 pp), 30.28% in FY2022 (+18.01 pp) and 12.27% in FY2021 (+125.09 pp).
- The Q2 2026 figure ranks as the highest quarterly Net Margin since Q4 2023.
- Year over year, Net Margin gained in five of the last eight quarters, with an average year-over-year change of -8.05 percentage points.
- The high point for year-over-year Net Margin in five years was Q4 2023 (a gain of 75.10 percentage points); the low point was Q4 2024 (a drop of 79.56 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 20.14% (Q1 2026), 14.11% (Q4 2025) and 10.16% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 11.43% |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 17.23% |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 8.80% |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 13.62% |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 20.14% |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 9.17% |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 7.39% |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 30.55% |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 21.33% |
| 10 | Apa | 14.55 Bn | 13.75 Bn | 2.28 Bn | 31.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.14% |
| Mar 31, 2026 | 20.14% |
| Dec 31, 2025 | 14.11% |
| Sep 30, 2025 | 10.16% |
| Jun 30, 2025 | 23.09% |
| Mar 31, 2025 | 13.28% |
| Dec 31, 2024 | 14.15% |
| Sep 30, 2024 | -8.78% |
| Jun 30, 2024 | 19.38% |
| Mar 31, 2024 | 6.94% |
| Dec 31, 2023 | 93.71% |
| Sep 30, 2023 | 19.88% |
| Jun 30, 2023 | 19.43% |
| Mar 31, 2023 | 11.92% |
| Dec 31, 2022 | 18.61% |
| Sep 30, 2022 | 14.69% |
| Jun 30, 2022 | 30.34% |
| Mar 31, 2022 | 49.19% |
| Dec 31, 2021 | 15.90% |
| Sep 30, 2021 | -6.84% |
API Access
Apa Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=APA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "APA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=APA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();