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Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and APA Corporation (APA). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $4.8M, roughly 463.7× AMERICAN BATTERY TECHNOLOGY Co). APA Corporation runs the higher net margin — 15.0% vs -195.0%, a 210.0% gap on every dollar of revenue. On growth, AMERICAN BATTERY TECHNOLOGY Co posted the faster year-over-year revenue change (1331.8% vs -24.3%).
American Battery Technology Company, formerly American Battery Metals Corporation, is a US-based battery recycling technology startup founded in 2011. It employs a hydrometallurgical process to recycle batteries and a targeted extraction system to extract raw materials from primary resources.
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
ABAT vs APA — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $2.2B |
| Net Profit | $-9.3M | $331.0M |
| Gross Margin | -33.6% | — |
| Operating Margin | -207.5% | 32.5% |
| Net Margin | -195.0% | 15.0% |
| Revenue YoY | 1331.8% | -24.3% |
| Net Profit YoY | 30.7% | -22.1% |
| EPS (diluted) | $-0.07 | $0.79 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $4.8M | $2.2B | ||
| Q3 25 | $937.6K | $2.3B | ||
| Q2 25 | $2.8M | $2.3B | ||
| Q1 25 | $980.0K | $2.7B | ||
| Q4 24 | $332.4K | $2.9B | ||
| Q3 24 | $202.0K | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $-9.3M | $331.0M | ||
| Q3 25 | $-10.3M | $205.0M | ||
| Q2 25 | $-10.2M | $603.0M | ||
| Q1 25 | $-11.5M | $418.0M | ||
| Q4 24 | $-13.4M | $425.0M | ||
| Q3 24 | $-11.7M | $-223.0M | ||
| Q2 24 | — | $541.0M | ||
| Q1 24 | — | $212.0M |
| Q4 25 | -33.6% | — | ||
| Q3 25 | -375.1% | — | ||
| Q2 25 | -92.6% | — | ||
| Q1 25 | -274.5% | — | ||
| Q4 24 | -894.4% | — | ||
| Q3 24 | -1159.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -207.5% | 32.5% | ||
| Q3 25 | -1080.8% | 33.7% | ||
| Q2 25 | -280.1% | 31.8% | ||
| Q1 25 | -1086.3% | 31.9% | ||
| Q4 24 | -4151.4% | 31.4% | ||
| Q3 24 | -4854.0% | -5.2% | ||
| Q2 24 | — | 34.4% | ||
| Q1 24 | — | 32.2% |
| Q4 25 | -195.0% | 15.0% | ||
| Q3 25 | -1098.5% | 9.0% | ||
| Q2 25 | -366.4% | 26.0% | ||
| Q1 25 | -1173.1% | 15.4% | ||
| Q4 24 | -4031.0% | 14.6% | ||
| Q3 24 | -5790.5% | -8.1% | ||
| Q2 24 | — | 19.0% | ||
| Q1 24 | — | 9.9% |
| Q4 25 | $-0.07 | $0.79 | ||
| Q3 25 | $-0.09 | $0.57 | ||
| Q2 25 | $-0.09 | $1.67 | ||
| Q1 25 | $-0.14 | $0.96 | ||
| Q4 24 | $-0.18 | $0.97 | ||
| Q3 24 | $-0.17 | $-0.60 | ||
| Q2 24 | — | $1.46 | ||
| Q1 24 | — | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.9M | $516.0M |
| Total DebtLower is stronger | — | $4.3B |
| Stockholders' EquityBook value | $119.0M | $6.1B |
| Total Assets | $123.3M | $17.8B |
| Debt / EquityLower = less leverage | — | 0.70× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.9M | $516.0M | ||
| Q3 25 | $30.9M | $475.0M | ||
| Q2 25 | $7.5M | $107.0M | ||
| Q1 25 | $7.8M | $67.0M | ||
| Q4 24 | $20.6M | $625.0M | ||
| Q3 24 | $5.8M | $64.0M | ||
| Q2 24 | — | $160.0M | ||
| Q1 24 | — | $102.0M |
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.7B | ||
| Q1 24 | — | $5.2B |
| Q4 25 | $119.0M | $6.1B | ||
| Q3 25 | $96.0M | $6.0B | ||
| Q2 25 | $70.6M | $5.9B | ||
| Q1 25 | $65.6M | $5.4B | ||
| Q4 24 | $70.6M | $5.3B | ||
| Q3 24 | $59.3M | $5.1B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | $123.3M | $17.8B | ||
| Q3 25 | $101.5M | $17.7B | ||
| Q2 25 | $84.5M | $18.1B | ||
| Q1 25 | $76.5M | $18.5B | ||
| Q4 24 | $88.3M | $19.4B | ||
| Q3 24 | $73.8M | $19.4B | ||
| Q2 24 | — | $20.2B | ||
| Q1 24 | — | $15.0B |
| Q4 25 | — | 0.70× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | — | 1.13× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 1.99× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.8M | $808.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.8M | $808.0M | ||
| Q3 25 | $-7.1M | $1.5B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $-10.3M | $1.1B | ||
| Q4 24 | $-7.3M | $1.0B | ||
| Q3 24 | $-5.6M | $1.3B | ||
| Q2 24 | — | $877.0M | ||
| Q1 24 | — | $368.0M |
| Q4 25 | — | 2.44× | ||
| Q3 25 | — | 7.12× | ||
| Q2 25 | — | 1.96× | ||
| Q1 25 | — | 2.62× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 1.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABAT
Segment breakdown not available.
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
