Apa (APA) Return on Capital Employed [ROCE] (2020 - 2026)
Apa's Return on Capital Employed [ROCE] came in at 21.29% for Q2 2026, up 6.64 percentage points from 14.65% a year earlier and up 1.30 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 18.14%, up 4.90 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +50.54 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 13.24% in FY2024 (-13.85 pp), 27.10% in FY2023 (-32.20 pp), 59.30% in FY2022 (+37.25 pp) and 22.05% in FY2021 (+54.44 pp).
- The Q2 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since Q1 2024.
- Year-over-year, Return on Capital Employed [ROCE] has increased for four consecutive quarters, with an average year-over-year change of -2.56 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 60.66 percentage points), and the weakest in Q4 2023 (a drop of 31.73 percentage points).
- Business Quant data shows APA's Return on Capital Employed [ROCE] at 19.99% (Q1 2026), 19.91% (Q4 2025) and 19.96% (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 | 686.62 Bn | 644.76 Bn | - | 14.97% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 13.86% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | 15.97% |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 26.08% |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 7.67% |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 28.17% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 26.83% |
| 10 | Apa | 15.51 Bn | 14.18 Bn | 2.48 Bn | 26.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.29% |
| Jun 30, 2026 | 21.29% |
| Mar 31, 2026 | 19.99% |
| Dec 31, 2025 | 19.91% |
| Sep 30, 2025 | 19.96% |
| Jun 30, 2025 | 14.65% |
| Mar 31, 2025 | 13.57% |
| Dec 31, 2024 | 11.58% |
| Sep 30, 2024 | 11.44% |
| Jun 30, 2024 | 20.99% |
| Mar 31, 2024 | 21.91% |
| Dec 31, 2023 | 26.65% |
| Sep 30, 2023 | 32.12% |
| Jun 30, 2023 | 35.75% |
| Mar 31, 2023 | 42.37% |
| Dec 31, 2022 | 58.37% |
| Sep 30, 2022 | 58.11% |
| Jun 30, 2022 | 51.19% |
| Mar 31, 2022 | 38.28% |
| Dec 31, 2021 | 21.49% |
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();