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Side-by-side financial comparison of APA Corporation (APA) and Bath & Body Works, Inc. (BBWI). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.6B, roughly 1.4× Bath & Body Works, Inc.). APA Corporation runs the higher net margin — 15.0% vs 4.8%, a 10.2% gap on every dollar of revenue. On growth, Bath & Body Works, Inc. posted the faster year-over-year revenue change (-1.0% vs -24.3%). Over the past eight quarters, APA Corporation's revenue compounded faster (1.4% CAGR vs -26.0%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
APA vs BBWI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.6B |
| Net Profit | $331.0M | $77.0M |
| Gross Margin | — | 41.3% |
| Operating Margin | 32.5% | 10.1% |
| Net Margin | 15.0% | 4.8% |
| Revenue YoY | -24.3% | -1.0% |
| Net Profit YoY | -22.1% | -27.4% |
| EPS (diluted) | $0.79 | $0.37 |
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 | $2.2B | $1.6B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.3B | $1.4B | ||
| Q1 25 | $2.7B | $2.8B | ||
| Q4 24 | $2.9B | $1.6B | ||
| Q3 24 | $2.7B | $1.5B | ||
| Q2 24 | $2.8B | $1.4B | ||
| Q1 24 | $2.1B | $2.9B |
| Q4 25 | $331.0M | $77.0M | ||
| Q3 25 | $205.0M | $64.0M | ||
| Q2 25 | $603.0M | $105.0M | ||
| Q1 25 | $418.0M | $453.0M | ||
| Q4 24 | $425.0M | $106.0M | ||
| Q3 24 | $-223.0M | $152.0M | ||
| Q2 24 | $541.0M | $87.0M | ||
| Q1 24 | $212.0M | $579.0M |
| Q4 25 | — | 41.3% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 45.4% | ||
| Q1 25 | — | 46.7% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 41.0% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 45.9% |
| Q4 25 | 32.5% | 10.1% | ||
| Q3 25 | 33.7% | 10.1% | ||
| Q2 25 | 31.8% | 14.7% | ||
| Q1 25 | 31.9% | 24.3% | ||
| Q4 24 | 31.4% | 13.5% | ||
| Q3 24 | -5.2% | 12.0% | ||
| Q2 24 | 34.4% | 13.5% | ||
| Q1 24 | 32.2% | 23.9% |
| Q4 25 | 15.0% | 4.8% | ||
| Q3 25 | 9.0% | 4.1% | ||
| Q2 25 | 26.0% | 7.4% | ||
| Q1 25 | 15.4% | 16.3% | ||
| Q4 24 | 14.6% | 6.6% | ||
| Q3 24 | -8.1% | 10.0% | ||
| Q2 24 | 19.0% | 6.3% | ||
| Q1 24 | 9.9% | 19.9% |
| Q4 25 | $0.79 | $0.37 | ||
| Q3 25 | $0.57 | $0.30 | ||
| Q2 25 | $1.67 | $0.49 | ||
| Q1 25 | $0.96 | $2.06 | ||
| Q4 24 | $0.97 | $0.49 | ||
| Q3 24 | $-0.60 | $0.68 | ||
| Q2 24 | $1.46 | $0.38 | ||
| Q1 24 | $0.44 | $2.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $516.0M | $236.0M |
| Total DebtLower is stronger | $4.3B | $3.9B |
| Stockholders' EquityBook value | $6.1B | $-1.6B |
| Total Assets | $17.8B | $5.0B |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $236.0M | ||
| Q3 25 | $475.0M | $364.0M | ||
| Q2 25 | $107.0M | $636.0M | ||
| Q1 25 | $67.0M | $674.0M | ||
| Q4 24 | $625.0M | $191.0M | ||
| Q3 24 | $64.0M | $514.0M | ||
| Q2 24 | $160.0M | $855.0M | ||
| Q1 24 | $102.0M | $1.1B |
| Q4 25 | $4.3B | $3.9B | ||
| Q3 25 | $4.3B | $3.9B | ||
| Q2 25 | $4.3B | $3.9B | ||
| Q1 25 | $5.2B | $3.9B | ||
| Q4 24 | $6.0B | $4.2B | ||
| Q3 24 | $6.4B | $4.2B | ||
| Q2 24 | $6.7B | $4.3B | ||
| Q1 24 | $5.2B | $4.4B |
| Q4 25 | $6.1B | $-1.6B | ||
| Q3 25 | $6.0B | $-1.5B | ||
| Q2 25 | $5.9B | $-1.5B | ||
| Q1 25 | $5.4B | $-1.4B | ||
| Q4 24 | $5.3B | $-1.7B | ||
| Q3 24 | $5.1B | $-1.7B | ||
| Q2 24 | $5.4B | $-1.7B | ||
| Q1 24 | $2.6B | $-1.6B |
| Q4 25 | $17.8B | $5.0B | ||
| Q3 25 | $17.7B | $4.8B | ||
| Q2 25 | $18.1B | $4.9B | ||
| Q1 25 | $18.5B | $4.9B | ||
| Q4 24 | $19.4B | $5.0B | ||
| Q3 24 | $19.4B | $4.9B | ||
| Q2 24 | $20.2B | $5.2B | ||
| Q1 24 | $15.0B | $5.5B |
| 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 | $808.0M | $80.0M |
| Free Cash FlowOCF − Capex | — | $-1.0M |
| FCF MarginFCF / Revenue | — | -0.1% |
| Capex IntensityCapex / Revenue | — | 5.1% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $946.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $80.0M | ||
| Q3 25 | $1.5B | $-43.0M | ||
| Q2 25 | $1.2B | $188.0M | ||
| Q1 25 | $1.1B | $955.0M | ||
| Q4 24 | $1.0B | $-99.0M | ||
| Q3 24 | $1.3B | $-46.0M | ||
| Q2 24 | $877.0M | $76.0M | ||
| Q1 24 | $368.0M | $926.0M |
| Q4 25 | — | $-1.0M | ||
| Q3 25 | — | $-99.0M | ||
| Q2 25 | — | $151.0M | ||
| Q1 25 | — | $895.0M | ||
| Q4 24 | — | $-164.0M | ||
| Q3 24 | — | $-101.0M | ||
| Q2 24 | — | $30.0M | ||
| Q1 24 | — | $878.0M |
| Q4 25 | — | -0.1% | ||
| Q3 25 | — | -6.4% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | — | -10.2% | ||
| Q3 24 | — | -6.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 30.2% |
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | 2.44× | 1.04× | ||
| Q3 25 | 7.12× | -0.67× | ||
| Q2 25 | 1.96× | 1.79× | ||
| Q1 25 | 2.62× | 2.11× | ||
| Q4 24 | 2.44× | -0.93× | ||
| Q3 24 | — | -0.30× | ||
| Q2 24 | 1.62× | 0.87× | ||
| Q1 24 | 1.74× | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
