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
DateValue
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%