Apa (APA) Return on Capital Employed (2020 - 2026)
Apa's (APA) quarterly Return on Capital Employed came in at 17.72% in Q1 2026, up 501.0% year-on-year from 2.95% in Q1 2025, and up 4.07% quarter-over-quarter from 17.03% in Q4 2025.
Apa (APA) Return on Capital Employed (2020 - 2026) Analysis & Trends
Apa has disclosed Return on Capital Employed across 7 years of filings, most recently posting 17.72% for Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 17.72%, up 501.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.72% (up 501.0% YoY), and the FY2025 annual result was 17.44%, up 80.0% from the prior year.
- Return on Capital Employed came in at 17.72% for Q1 2026 at Apa, up from 17.03% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 71.35% in Q4 2022 to a low of 9.98% in Q3 2024.
- The 5-year median for Return on Capital Employed is 18.05% (2024), against an average of 27.49%.
- Across the five-year window, Return on Capital Employed soared 6896 bps in 2022 and slumped 4937 bps in 2023, its largest moves.
- Apa's Return on Capital Employed stood at 71.35% in 2022, then slumped by 69 bps to 21.98% in 2023, then sank by 51 bps to 10.82% in 2024, then surged by 57 bps to 17.03% in 2025, then rose by 4 bps to 17.72% in 2026.
- The last three Return on Capital Employed figures came in at 17.72% (Q1 2026), 17.03% (Q4 2025), and 17.62% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | 13.66% |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 22.41% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 15.04% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 19.02% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | -0.44% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 23.41% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 12.16% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 34,022.25% |
| 10 | Apa | 12.94 Bn | 13.59 Bn | 2.20 Bn | 17.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.72% |
| Dec 31, 2025 | 17.03% |
| Sep 30, 2025 | 17.62% |
| Jun 30, 2025 | 12.10% |
| Mar 31, 2025 | 12.71% |
| Dec 31, 2024 | 10.82% |
| Sep 30, 2024 | 9.98% |
| Jun 30, 2024 | 18.05% |
| Mar 31, 2024 | 19.03% |
| Dec 31, 2023 | 21.98% |
| Sep 30, 2023 | 42.39% |
| Jun 30, 2023 | 47.96% |
| Mar 31, 2023 | 55.78% |
| Dec 31, 2022 | 71.35% |
| Sep 30, 2022 | 41.97% |
| Jun 30, 2022 | 33.27% |
| Mar 31, 2022 | 17.63% |
| Dec 31, 2021 | 2.40% |
| Sep 30, 2021 | 13.58% |
| Jun 30, 2021 | 14.62% |