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Side-by-side financial comparison of Atlas Energy Solutions Inc. (AESI) 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 $249.4M, roughly 8.8× Atlas Energy Solutions Inc.). APA Corporation runs the higher net margin — 15.0% vs -8.9%, a 23.9% gap on every dollar of revenue. On growth, Atlas Energy Solutions Inc. posted the faster year-over-year revenue change (-8.1% vs -24.3%). Over the past eight quarters, Atlas Energy Solutions Inc.'s revenue compounded faster (13.8% CAGR vs 1.4%).

Atlas Copco Group is a Swedish multinational industrial company. It manufactures compressors, vacuum equipment, pumps, generators, assembly tools, quality assurance equipment and other products and systems for industrial applications and mobile power generation. The products are sold in around 180 countries.

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

AESI vs APA — Head-to-Head

Bigger by revenue
APA
APA
8.8× larger
APA
$2.2B
$249.4M
AESI
Growing faster (revenue YoY)
AESI
AESI
+16.3% gap
AESI
-8.1%
-24.3%
APA
Higher net margin
APA
APA
23.9% more per $
APA
15.0%
-8.9%
AESI
Faster 2-yr revenue CAGR
AESI
AESI
Annualised
AESI
13.8%
1.4%
APA

Income Statement — Q4 2025 vs Q4 2025

Metric
AESI
AESI
APA
APA
Revenue
$249.4M
$2.2B
Net Profit
$-22.2M
$331.0M
Gross Margin
8.1%
Operating Margin
-6.0%
32.5%
Net Margin
-8.9%
15.0%
Revenue YoY
-8.1%
-24.3%
Net Profit YoY
-254.5%
-22.1%
EPS (diluted)
$-0.19
$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
AESI
AESI
APA
APA
Q4 25
$249.4M
$2.2B
Q3 25
$259.6M
$2.3B
Q2 25
$288.7M
$2.3B
Q1 25
$297.6M
$2.7B
Q4 24
$271.3M
$2.9B
Q3 24
$304.4M
$2.7B
Q2 24
$287.5M
$2.8B
Q1 24
$192.7M
$2.1B
Net Profit
AESI
AESI
APA
APA
Q4 25
$-22.2M
$331.0M
Q3 25
$-23.7M
$205.0M
Q2 25
$-5.6M
$603.0M
Q1 25
$1.2M
$418.0M
Q4 24
$14.4M
$425.0M
Q3 24
$3.9M
$-223.0M
Q2 24
$14.8M
$541.0M
Q1 24
$26.8M
$212.0M
Gross Margin
AESI
AESI
APA
APA
Q4 25
8.1%
Q3 25
9.2%
Q2 25
18.1%
Q1 25
18.3%
Q4 24
18.4%
Q3 24
17.4%
Q2 24
21.0%
Q1 24
35.7%
Operating Margin
AESI
AESI
APA
APA
Q4 25
-6.0%
32.5%
Q3 25
-7.1%
33.7%
Q2 25
2.5%
31.8%
Q1 25
5.2%
31.9%
Q4 24
11.3%
31.4%
Q3 24
5.0%
-5.2%
Q2 24
9.8%
34.4%
Q1 24
20.6%
32.2%
Net Margin
AESI
AESI
APA
APA
Q4 25
-8.9%
15.0%
Q3 25
-9.1%
9.0%
Q2 25
-1.9%
26.0%
Q1 25
0.4%
15.4%
Q4 24
5.3%
14.6%
Q3 24
1.3%
-8.1%
Q2 24
5.2%
19.0%
Q1 24
13.9%
9.9%
EPS (diluted)
AESI
AESI
APA
APA
Q4 25
$-0.19
$0.79
Q3 25
$-0.19
$0.57
Q2 25
$-0.04
$1.67
Q1 25
$0.01
$0.96
Q4 24
$0.12
$0.97
Q3 24
$0.04
$-0.60
Q2 24
$0.13
$1.46
Q1 24
$0.26
$0.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AESI
AESI
APA
APA
Cash + ST InvestmentsLiquidity on hand
$516.0M
Total DebtLower is stronger
$604.2M
$4.3B
Stockholders' EquityBook value
$1.2B
$6.1B
Total Assets
$2.2B
$17.8B
Debt / EquityLower = less leverage
0.50×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AESI
AESI
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
AESI
AESI
APA
APA
Q4 25
$604.2M
$4.3B
Q3 25
$529.1M
$4.3B
Q2 25
$533.8M
$4.3B
Q1 25
$538.5M
$5.2B
Q4 24
$0
$6.0B
Q3 24
$180.0M
$6.4B
Q2 24
$180.0M
$6.7B
Q1 24
$180.0M
$5.2B
Stockholders' Equity
AESI
AESI
APA
APA
Q4 25
$1.2B
$6.1B
Q3 25
$1.2B
$6.0B
Q2 25
$1.3B
$5.9B
Q1 25
$1.3B
$5.4B
Q4 24
$1.0B
$5.3B
Q3 24
$1.0B
$5.1B
Q2 24
$1.1B
$5.4B
Q1 24
$1.1B
$2.6B
Total Assets
AESI
AESI
APA
APA
Q4 25
$2.2B
$17.8B
Q3 25
$2.2B
$17.7B
Q2 25
$2.2B
$18.1B
Q1 25
$2.3B
$18.5B
Q4 24
$2.0B
$19.4B
Q3 24
$2.0B
$19.4B
Q2 24
$2.0B
$20.2B
Q1 24
$1.9B
$15.0B
Debt / Equity
AESI
AESI
APA
APA
Q4 25
0.50×
0.70×
Q3 25
0.43×
0.72×
Q2 25
0.42×
0.73×
Q1 25
0.41×
0.96×
Q4 24
0.00×
1.13×
Q3 24
0.17×
1.25×
Q2 24
0.17×
1.24×
Q1 24
0.17×
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
AESI
AESI
APA
APA
Operating Cash FlowLast quarter
$3.7M
$808.0M
Free Cash FlowOCF − Capex
$-18.1M
FCF MarginFCF / Revenue
-7.3%
Capex IntensityCapex / Revenue
8.7%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$-30.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AESI
AESI
APA
APA
Q4 25
$3.7M
$808.0M
Q3 25
$32.4M
$1.5B
Q2 25
$88.6M
$1.2B
Q1 25
$-7.5M
$1.1B
Q4 24
$70.9M
$1.0B
Q3 24
$85.2M
$1.3B
Q2 24
$60.9M
$877.0M
Q1 24
$39.6M
$368.0M
Free Cash Flow
AESI
AESI
APA
APA
Q4 25
$-18.1M
Q3 25
$-1.4M
Q2 25
$48.4M
Q1 25
$-59.8M
Q4 24
$-5.6M
Q3 24
$-1.1M
Q2 24
$-54.9M
Q1 24
$-55.9M
FCF Margin
AESI
AESI
APA
APA
Q4 25
-7.3%
Q3 25
-0.5%
Q2 25
16.8%
Q1 25
-20.1%
Q4 24
-2.1%
Q3 24
-0.4%
Q2 24
-19.1%
Q1 24
-29.0%
Capex Intensity
AESI
AESI
APA
APA
Q4 25
8.7%
Q3 25
13.0%
Q2 25
13.9%
Q1 25
17.6%
Q4 24
28.2%
Q3 24
28.3%
Q2 24
40.3%
Q1 24
49.6%
Cash Conversion
AESI
AESI
APA
APA
Q4 25
2.44×
Q3 25
7.12×
Q2 25
1.96×
Q1 25
-6.11×
2.62×
Q4 24
4.92×
2.44×
Q3 24
21.74×
Q2 24
4.10×
1.62×
Q1 24
1.48×
1.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AESI
AESI

Services$126.2M51%
Products$105.2M42%
Moser Acquisition$18.1M7%

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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