Apa (APA) Return on Capital Employed [ROCE] (2020 - 2026)
Apa's Return on Capital Employed [ROCE] came in at 14.80% for Q2 2026, up 14.38 percentage points from 0.41% a year earlier and up 3.29 percentage points from the prior quarter.
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Analysis
Apa (APA) Return on Capital Employed [ROCE] (2020 - 2026) Analysis & Trends
For FY2025, Apa's Return on Capital Employed [ROCE] was 8.10%, up 7.71 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +46.85 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 0.39% in FY2024 (-14.93 pp), 15.32% in FY2023 (-19.51 pp), 34.83% in FY2022 (+34.40 pp) and 0.43% in FY2021 (+39.18 pp).
- The Q2 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since Q4 2023.
- Year-over-year, Return on Capital Employed [ROCE] has increased for four consecutive quarters, with an average year-over-year change of -1.40 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2021 (a gain of 47.98 percentage points), and the weakest in Q3 2023 (a drop of 19.13 percentage points).
- Business Quant data shows APA's Return on Capital Employed [ROCE] at 11.51% (Q1 2026), 8.56% (Q4 2025) and 6.75% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 674.90 Bn | 638.12 Bn | - | 12.28% |
| 2 | Shell | 547.48 Bn | 458.03 Bn | 30.13 Bn | 19.08% |
| 3 | Chevron | 408.53 Bn | 386.32 Bn | 33.45 Bn | -29.93% |
| 4 | TotalEnergies SE | 186.30 Bn | 69.43 Bn | - | - |
| 5 | Eni Spa | 172.32 Bn | 121.84 Bn | - | 5.20% |
| 6 | Conocophillips | 152.28 Bn | 124.99 Bn | 12.81 Bn | 28.17% |
| 7 | Equinor Asa | 106.44 Bn | 52.50 Bn | - | - |
| 8 | Phillips 66 | 105.58 Bn | 94.57 Bn | 8.38 Bn | -190.97% |
| 9 | Canadian Natural Resources | 100.85 Bn | 97.81 Bn | - | - |
| 10 | Apa | 15.30 Bn | 14.50 Bn | 2.28 Bn | 14.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.80% |
| Mar 31, 2026 | 11.51% |
| Dec 31, 2025 | 8.56% |
| Sep 30, 2025 | 6.75% |
| Jun 30, 2025 | 0.41% |
| Mar 31, 2025 | 0.25% |
| Dec 31, 2024 | 0.34% |
| Sep 30, 2024 | 1.83% |
| Jun 30, 2024 | 10.88% |
| Mar 31, 2024 | 11.52% |
| Dec 31, 2023 | 15.07% |
| Sep 30, 2023 | 15.34% |
| Jun 30, 2023 | 16.20% |
| Mar 31, 2023 | 20.14% |
| Dec 31, 2022 | 33.52% |
| Sep 30, 2022 | 34.47% |
| Jun 30, 2022 | 26.37% |
| Mar 31, 2022 | 17.12% |
| Dec 31, 2021 | 0.42% |
| Sep 30, 2021 | -2.16% |
API Access
Apa Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=APA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=APA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();