Apa reported a gross margin of 94.91% and a net margin of 31.14% for the quarter ended Jun 2026. These financial ratios cover 27 quarters of results from Dec 2019 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||||
| Gross Margin | 76.01% | 82.19% | 90.83% | 82.70% | 80.05% | 86.39% | 89.36% | 93.32% | 90.86% | 90.27% | 91.43% | 92.48% | 88.50% | 84.73% | 81.85% | 88.36% | 90.88% | 94.54% | 95.89% | 94.91% | |||||||
| EBT Margin | 7.39% | 27.22% | 60.03% | 47.90% | 40.81% | 33.70% | 39.90% | 35.70% | 36.08% | 28.54% | 23.49% | 33.24% | -13.39% | 19.98% | 29.21% | 39.36% | 25.32% | 24.72% | 37.47% | 53.23% | |||||||
| EBIT Margin | -16.60% | 9.40% | 50.86% | 30.60% | 20.86% | 20.08% | 29.26% | 29.02% | 26.94% | 18.82% | 14.92% | 25.72% | -24.88% | 4.72% | 11.06% | 27.72% | 16.20% | 19.26% | 33.36% | 48.15% | |||||||
| EBITDA Margin | -16.60% | 9.40% | 50.86% | 30.60% | 20.86% | 20.08% | 29.26% | 29.02% | 26.94% | 18.82% | 14.92% | 25.72% | -24.88% | 4.72% | 11.06% | 27.72% | 16.20% | 19.26% | 33.36% | 48.15% | |||||||
| Operating Margin | -16.60% | 9.40% | 50.86% | 30.60% | 20.86% | 20.08% | 29.26% | 29.02% | 26.94% | 18.82% | 14.92% | 25.72% | -24.88% | 4.72% | 11.06% | 27.72% | 16.20% | 19.26% | 33.36% | 48.15% | |||||||
| Net Margin | -6.84% | 15.90% | 49.19% | 30.34% | 14.69% | 18.61% | 11.92% | 19.43% | 19.88% | 93.71% | 6.94% | 19.38% | -8.78% | 14.15% | 13.28% | 23.09% | 20.37% | 1.42% | 20.14% | 31.14% | |||||||
| FCF Margin | 32.65% | 32.21% | 13.92% | 48.62% | 23.57% | 34.08% | -10.25% | 21.62% | 5.89% | 24.52% | -5.20% | 4.33% | 16.10% | 13.51% | 12.21% | 19.95% | 36.72% | 11.32% | 0.54% | 47.39% | |||||||
| Efficiency | |||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 13.41B | 13.31B | 12.89B | 12.70B | 13.28B | 13.39B | 13.18B | 13.23B | 13.39B | 14.39B | 15.10B | 17.57B | 19.79B | 19.38B | 18.96B | 18.30B | 17.89B | 17.73B | 17.92B | 18.03B | |||||||
| Invested CapitalInvested Cap. | 6.31B | 6.79B | 6.74B | 6.79B | 7.08B | 6.80B | 7.23B | 7.27B | 7.69B | 8.88B | 8.83B | 13.24B | 12.53B | 12.41B | 11.83B | 11.45B | 11.35B | 11.50B | 11.81B | 11.69B | |||||||
| Asset Utilization RatioAsset Util. | 0.51 | 0.60 | 0.75 | 0.86 | 0.92 | 0.91 | 0.78 | 0.70 | 0.65 | 0.57 | 0.53 | 0.51 | 0.46 | 0.50 | 0.55 | 0.56 | 0.54 | 0.52 | 0.49 | 0.48 | |||||||
| Leverage & Solvency | |||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -1.34 | 2.46 | 12.81 | 12.29 | 7.99 | 6.29 | 8.25 | 6.94 | 7.68 | 4.62 | 3.74 | 7.18 | -6.32 | 1.30 | -5.07 | 10.97 | 7.11 | 6.57 | 12.96 | 19.91 | |||||||
| Debt Ratio | 0.56 | 0.56 | 0.47 | 0.41 | 0.41 | 0.41 | 0.44 | 0.42 | 0.41 | 0.34 | 0.35 | 0.33 | 0.33 | 0.31 | 0.29 | 0.25 | 0.25 | 0.25 | 0.24 | 0.21 | |||||||
| Times Interest Earned | -1.34 | 2.46 | 12.81 | 12.29 | 7.99 | 6.29 | 8.25 | 6.94 | 7.68 | 4.62 | 3.74 | 7.18 | -6.32 | 1.30 | -5.07 | 10.97 | 7.11 | 6.57 | 12.96 | 19.91 | |||||||
| Dividends & Payouts | |||||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | -12.56 | 5.03 | 27.29 | 21.53 | 10.29 | 3.54 | 3.10 | 4.95 | 5.96 | 23.33 | 1.74 | 5.88 | -2.42 | 3.81 | 2.75 | 6.70 | 4.57 | 0.70 | 5.07 | 8.49 | |||||||
| FCF Payout RatioFCF Cover | 0.02 | 0.10 | 0.13 | 0.03 | 0.06 | 0.15 | -0.38 | 0.18 | 0.57 | 0.16 | -0.77 | 0.76 | 0.22 | 0.28 | 0.39 | 0.17 | 0.12 | 0.18 | 7.33 | 0.08 | |||||||
| Dividend YieldDiv. Yield | 0.12% | 0.81% | 0.49% | 0.38% | 0.37% | 0.86% | 0.70% | 0.73% | 0.61% | 0.70% | 0.73% | 0.84% | 1.02% | 1.10% | 1.66% | 1.38% | 1.05% | 0.46% | 0.59% | 0.77% | |||||||
| Payout Ratio | -0.08 | 0.20 | 0.04 | 0.05 | 0.10 | 0.28 | 0.32 | 0.20 | 0.17 | 0.04 | 0.58 | 0.17 | -0.41 | 0.26 | 0.36 | 0.15 | 0.22 | 1.43 | 0.20 | 0.12 | |||||||
| Valuation | |||||||||||||||||||||||||||
| Price to EarningsP/E | -68.89 | 24.42 | 7.42 | 12.31 | 26.05 | 32.83 | 45.98 | 27.56 | 27.46 | 6.14 | 78.66 | 20.13 | -40.58 | 23.83 | 21.86 | 10.85 | 20.95 | 308.59 | 33.64 | 15.28 | |||||||
| Price to SalesP/S | 4.72 | 3.88 | 3.65 | 3.73 | 3.83 | 6.11 | 5.48 | 5.35 | 5.46 | 5.76 | 5.46 | 3.90 | 3.56 | 3.37 | 2.90 | 2.51 | 4.27 | 4.37 | 6.77 | 4.76 | |||||||
| Price to BookP/B | -7.11 | -13.01 | 16.41 | 7.57 | 7.09 | 10.81 | 7.77 | 6.19 | 5.98 | 2.95 | 2.84 | 1.68 | 1.47 | 1.33 | 1.17 | 0.95 | 1.25 | 1.23 | 2.03 | 1.44 | |||||||
| Enterprise Value | 8.04B | 9.74B | 13.75B | 11.11B | 10.72B | 14.30B | 11.96B | 11.34B | 13.54B | 11.84B | 11.33B | 11.80B | 10.03B | 8.89B | 8.54B | 7.43B | 9.03B | 9.03B | 15.65B | 11.89B | |||||||
| EV to EBIT | -29.35 | 43.09 | 7.06 | 11.90 | 17.90 | 29.91 | 20.14 | 19.94 | 21.77 | 33.26 | 39.88 | 16.44 | -15.87 | 75.37 | 29.57 | 10.27 | 27.63 | 23.71 | 21.18 | 10.29 | |||||||
| EV to EBITDA | -29.35 | 43.09 | 7.06 | 11.90 | 17.90 | 29.91 | 20.14 | 19.94 | 21.77 | 33.26 | 39.88 | 16.44 | -15.87 | 75.37 | 29.57 | 10.27 | 27.63 | 23.71 | 21.18 | 10.29 | |||||||
| Market Capitalization | 7.78B | 9.33B | 13.98B | 11.40B | 10.99B | 14.54B | 11.13B | 10.50B | 12.61B | 10.89B | 10.38B | 10.89B | 9.05B | 8.44B | 7.58B | 6.54B | 8.61B | 8.64B | 15.00B | 11.41B | |||||||
| Price to FCFP/FCF | 14.44 | 12.05 | 26.23 | 7.68 | 16.24 | 17.93 | -53.50 | 24.76 | 92.69 | 23.47 | -104.88 | 90.00 | 22.12 | 24.96 | 23.78 | 12.56 | 11.62 | 38.57 | 0.00B | 10.04 | |||||||
| EV to FCF | 14.92 | 12.58 | 25.79 | 7.49 | 15.84 | 17.63 | -57.51 | 26.76 | 99.56 | 25.52 | -114.41 | 97.54 | 24.53 | 26.31 | 26.79 | 14.27 | 12.19 | 40.33 | 0.00B | 10.46 | |||||||
| EV to CFO | 10.43 | 8.98 | 15.43 | 7.24 | 9.71 | 10.12 | 35.71 | 11.34 | 17.72 | 11.50 | 30.78 | 13.46 | 7.49 | 8.58 | 7.80 | 6.30 | 6.19 | 11.18 | 28.25 | 6.97 | |||||||
| Return Ratios | |||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -16.60% | 9.40% | 50.86% | 30.60% | 20.86% | 20.08% | 29.26% | 29.02% | 26.94% | 18.82% | 14.92% | 25.72% | -24.88% | 4.72% | 11.06% | 27.72% | 16.20% | 19.26% | 33.36% | 48.15% | |||||||
| Return on Capital Employed [ROCE]ROCE | 0.15% | 2.78% | 19.79% | 28.65% | 36.01% | 37.80% | 24.29% | 21.14% | 21.03% | 17.86% | 14.14% | 13.48% | 4.31% | 2.97% | 3.04% | 3.23% | 9.50% | 11.35% | 14.07% | 16.66% | |||||||
| Return on Invested Capital [ROIC]ROIC | 0.14% | 3.11% | 23.61% | 30.99% | 40.50% | 40.61% | 23.09% | 18.08% | 15.73% | 13.85% | 10.08% | 9.30% | 1.48% | 0.97% | 1.52% | 1.86% | 8.47% | 9.13% | 11.49% | 14.33% | |||||||
| Return on Assets [ROA]ROA | 5.88% | 9.31% | 20.75% | 26.43% | 31.88% | 30.49% | 20.03% | 15.41% | 12.21% | 10.73% | 8.13% | 8.11% | 2.09% | 1.97% | 3.65% | 4.62% | 10.38% | 9.54% | 9.84% | 11.15% |