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Side-by-side financial comparison of Grupo Aeromexico, S.A.B. de C.V. (AERO) 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 $1.4B, roughly 1.5× Grupo Aeromexico, S.A.B. de C.V.). APA Corporation runs the higher net margin — 15.0% vs 11.5%, a 3.5% gap on every dollar of revenue.

Grupo Aeromexico is Mexico's flagship airline holding company, offering domestic and international passenger and cargo air transport services. It operates a wide route network covering North America, South America, Europe and Asia, serving leisure and business travel segments with a modern commercial aircraft fleet.

APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.

AERO vs APA — Head-to-Head

Bigger by revenue
APA
APA
1.5× larger
APA
$2.2B
$1.4B
AERO
Higher net margin
APA
APA
3.5% more per $
APA
15.0%
11.5%
AERO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AERO
AERO
APA
APA
Revenue
$1.4B
$2.2B
Net Profit
$165.0M
$331.0M
Gross Margin
Operating Margin
21.1%
32.5%
Net Margin
11.5%
15.0%
Revenue YoY
-24.3%
Net Profit YoY
-22.1%
EPS (diluted)
$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.

Revenue
AERO
AERO
APA
APA
Q4 25
$1.4B
$2.2B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.7B
Q4 24
$2.9B
Q3 24
$2.7B
Q2 24
$2.8B
Q1 24
$2.1B
Net Profit
AERO
AERO
APA
APA
Q4 25
$165.0M
$331.0M
Q3 25
$205.0M
Q2 25
$603.0M
Q1 25
$418.0M
Q4 24
$425.0M
Q3 24
$-223.0M
Q2 24
$541.0M
Q1 24
$212.0M
Operating Margin
AERO
AERO
APA
APA
Q4 25
21.1%
32.5%
Q3 25
33.7%
Q2 25
31.8%
Q1 25
31.9%
Q4 24
31.4%
Q3 24
-5.2%
Q2 24
34.4%
Q1 24
32.2%
Net Margin
AERO
AERO
APA
APA
Q4 25
11.5%
15.0%
Q3 25
9.0%
Q2 25
26.0%
Q1 25
15.4%
Q4 24
14.6%
Q3 24
-8.1%
Q2 24
19.0%
Q1 24
9.9%
EPS (diluted)
AERO
AERO
APA
APA
Q4 25
$0.79
Q3 25
$0.57
Q2 25
$1.67
Q1 25
$0.96
Q4 24
$0.97
Q3 24
$-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
AERO
AERO
APA
APA
Cash + ST InvestmentsLiquidity on hand
$516.0M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$6.1B
Total Assets
$17.8B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AERO
AERO
APA
APA
Q4 25
$516.0M
Q3 25
$475.0M
Q2 25
$107.0M
Q1 25
$67.0M
Q4 24
$625.0M
Q3 24
$64.0M
Q2 24
$160.0M
Q1 24
$102.0M
Total Debt
AERO
AERO
APA
APA
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
Stockholders' Equity
AERO
AERO
APA
APA
Q4 25
$6.1B
Q3 25
$6.0B
Q2 25
$5.9B
Q1 25
$5.4B
Q4 24
$5.3B
Q3 24
$5.1B
Q2 24
$5.4B
Q1 24
$2.6B
Total Assets
AERO
AERO
APA
APA
Q4 25
$17.8B
Q3 25
$17.7B
Q2 25
$18.1B
Q1 25
$18.5B
Q4 24
$19.4B
Q3 24
$19.4B
Q2 24
$20.2B
Q1 24
$15.0B
Debt / Equity
AERO
AERO
APA
APA
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
AERO
AERO
APA
APA
Operating Cash FlowLast quarter
$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.

Operating Cash Flow
AERO
AERO
APA
APA
Q4 25
$808.0M
Q3 25
$1.5B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$1.3B
Q2 24
$877.0M
Q1 24
$368.0M
Cash Conversion
AERO
AERO
APA
APA
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

AERO
AERO

Passenger$1.3B91%
Air Cargo$82.0M6%
Other$52.0M4%

APA
APA

Oil And Gas Excluding Purchased$1.7B76%
Oil And Gas Purchased$323.0M15%
Oil Reserves$114.0M5%
Other$72.0M3%
Natural Gas Reserves$30.0M1%

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