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Side-by-side financial comparison of APA Corporation (APA) and TopBuild Corp (BLD). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.5B, roughly 1.5× TopBuild Corp). APA Corporation runs the higher net margin — 15.0% vs 7.0%, a 8.0% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs -24.3%). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs 1.4%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.
APA vs BLD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.5B |
| Net Profit | $331.0M | $104.5M |
| Gross Margin | — | 27.2% |
| Operating Margin | 32.5% | 12.1% |
| Net Margin | 15.0% | 7.0% |
| Revenue YoY | -24.3% | 13.2% |
| Net Profit YoY | -22.1% | -30.6% |
| EPS (diluted) | $0.79 | $3.69 |
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 | $1.5B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.7B | $1.2B | ||
| Q4 24 | $2.9B | $1.3B | ||
| Q3 24 | $2.7B | $1.4B | ||
| Q2 24 | $2.8B | $1.4B | ||
| Q1 24 | $2.1B | $1.3B |
| Q4 25 | $331.0M | $104.5M | ||
| Q3 25 | $205.0M | $142.2M | ||
| Q2 25 | $603.0M | $151.6M | ||
| Q1 25 | $418.0M | $123.4M | ||
| Q4 24 | $425.0M | $150.5M | ||
| Q3 24 | $-223.0M | $169.0M | ||
| Q2 24 | $541.0M | $150.7M | ||
| Q1 24 | $212.0M | $152.4M |
| Q4 25 | — | 27.2% | ||
| Q3 25 | — | 30.1% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 28.5% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 31.0% | ||
| Q1 24 | — | 30.3% |
| Q4 25 | 32.5% | 12.1% | ||
| Q3 25 | 33.7% | 15.4% | ||
| Q2 25 | 31.8% | 16.9% | ||
| Q1 25 | 31.9% | 14.4% | ||
| Q4 24 | 31.4% | 16.6% | ||
| Q3 24 | -5.2% | 17.8% | ||
| Q2 24 | 34.4% | 15.4% | ||
| Q1 24 | 32.2% | 16.8% |
| Q4 25 | 15.0% | 7.0% | ||
| Q3 25 | 9.0% | 10.2% | ||
| Q2 25 | 26.0% | 11.7% | ||
| Q1 25 | 15.4% | 10.0% | ||
| Q4 24 | 14.6% | 11.5% | ||
| Q3 24 | -8.1% | 12.3% | ||
| Q2 24 | 19.0% | 11.0% | ||
| Q1 24 | 9.9% | 11.9% |
| Q4 25 | $0.79 | $3.69 | ||
| Q3 25 | $0.57 | $5.04 | ||
| Q2 25 | $1.67 | $5.32 | ||
| Q1 25 | $0.96 | $4.23 | ||
| Q4 24 | $0.97 | $5.07 | ||
| Q3 24 | $-0.60 | $5.65 | ||
| Q2 24 | $1.46 | $4.78 | ||
| Q1 24 | $0.44 | $4.79 |
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 | $184.7M |
| Total DebtLower is stronger | $4.3B | $2.8B |
| Stockholders' EquityBook value | $6.1B | $2.3B |
| Total Assets | $17.8B | $6.6B |
| Debt / EquityLower = less leverage | 0.70× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $184.7M | ||
| Q3 25 | $475.0M | $1.1B | ||
| Q2 25 | $107.0M | $842.5M | ||
| Q1 25 | $67.0M | $308.8M | ||
| Q4 24 | $625.0M | $400.3M | ||
| Q3 24 | $64.0M | $257.3M | ||
| Q2 24 | $160.0M | $463.2M | ||
| Q1 24 | $102.0M | $968.8M |
| Q4 25 | $4.3B | $2.8B | ||
| Q3 25 | $4.3B | $2.9B | ||
| Q2 25 | $4.3B | $1.9B | ||
| Q1 25 | $5.2B | $1.4B | ||
| Q4 24 | $6.0B | $1.4B | ||
| Q3 24 | $6.4B | $1.4B | ||
| Q2 24 | $6.7B | $1.4B | ||
| Q1 24 | $5.2B | $1.4B |
| Q4 25 | $6.1B | $2.3B | ||
| Q3 25 | $6.0B | $2.2B | ||
| Q2 25 | $5.9B | $2.1B | ||
| Q1 25 | $5.4B | $2.1B | ||
| Q4 24 | $5.3B | $2.2B | ||
| Q3 24 | $5.1B | $2.1B | ||
| Q2 24 | $5.4B | $2.4B | ||
| Q1 24 | $2.6B | $2.7B |
| Q4 25 | $17.8B | $6.6B | ||
| Q3 25 | $17.7B | $6.4B | ||
| Q2 25 | $18.1B | $5.1B | ||
| Q1 25 | $18.5B | $4.6B | ||
| Q4 24 | $19.4B | $4.7B | ||
| Q3 24 | $19.4B | $4.7B | ||
| Q2 24 | $20.2B | $4.9B | ||
| Q1 24 | $15.0B | $5.3B |
| Q4 25 | 0.70× | 1.23× | ||
| Q3 25 | 0.72× | 1.29× | ||
| Q2 25 | 0.73× | 0.88× | ||
| Q1 25 | 0.96× | 0.65× | ||
| Q4 24 | 1.13× | 0.62× | ||
| Q3 24 | 1.25× | 0.66× | ||
| Q2 24 | 1.24× | 0.59× | ||
| Q1 24 | 1.99× | 0.52× |
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 | $176.7M |
| Free Cash FlowOCF − Capex | — | $159.4M |
| FCF MarginFCF / Revenue | — | 10.7% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.69× |
| TTM Free Cash FlowTrailing 4 quarters | — | $696.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $176.7M | ||
| Q3 25 | $1.5B | $233.3M | ||
| Q2 25 | $1.2B | $193.7M | ||
| Q1 25 | $1.1B | $152.6M | ||
| Q4 24 | $1.0B | $266.2M | ||
| Q3 24 | $1.3B | $240.7M | ||
| Q2 24 | $877.0M | $90.4M | ||
| Q1 24 | $368.0M | $178.8M |
| Q4 25 | — | $159.4M | ||
| Q3 25 | — | $216.2M | ||
| Q2 25 | — | $182.2M | ||
| Q1 25 | — | $139.2M | ||
| Q4 24 | — | $253.7M | ||
| Q3 24 | — | $219.8M | ||
| Q2 24 | — | $74.3M | ||
| Q1 24 | — | $158.9M |
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 15.5% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 5.4% | ||
| Q1 24 | — | 12.4% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | 2.44× | 1.69× | ||
| Q3 25 | 7.12× | 1.64× | ||
| Q2 25 | 1.96× | 1.28× | ||
| Q1 25 | 2.62× | 1.24× | ||
| Q4 24 | 2.44× | 1.77× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | 1.62× | 0.60× | ||
| Q1 24 | 1.74× | 1.17× |
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% |
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
