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Side-by-side financial comparison of APA Corporation (APA) and Cincinnati Financial (CINF). Click either name above to swap in a different company.

Cincinnati Financial is the larger business by last-quarter revenue ($2.8B vs $2.2B, roughly 1.3× APA Corporation). APA Corporation runs the higher net margin — 15.0% vs 9.6%, a 5.4% gap on every dollar of revenue. On growth, Cincinnati Financial posted the faster year-over-year revenue change (-1.7% vs -24.3%). Over the past eight quarters, Cincinnati Financial's revenue compounded faster (5.2% 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.

Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The company has 1.01% of the domestic property and casualty insurance premiums, which ranks it as the 20th largest insurance company by market share in the U.S.

APA vs CINF — Head-to-Head

Bigger by revenue
CINF
CINF
1.3× larger
CINF
$2.8B
$2.2B
APA
Growing faster (revenue YoY)
CINF
CINF
+22.6% gap
CINF
-1.7%
-24.3%
APA
Higher net margin
APA
APA
5.4% more per $
APA
15.0%
9.6%
CINF
Faster 2-yr revenue CAGR
CINF
CINF
Annualised
CINF
5.2%
1.4%
APA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APA
APA
CINF
CINF
Revenue
$2.2B
$2.8B
Net Profit
$331.0M
$274.0M
Gross Margin
Operating Margin
32.5%
Net Margin
15.0%
9.6%
Revenue YoY
-24.3%
-1.7%
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
APA
APA
CINF
CINF
Q1 26
$2.8B
Q4 25
$2.2B
$3.1B
Q3 25
$2.3B
$3.7B
Q2 25
$2.3B
$3.2B
Q1 25
$2.7B
$2.6B
Q4 24
$2.9B
$2.5B
Q3 24
$2.7B
$3.3B
Q2 24
$2.8B
$2.5B
Net Profit
APA
APA
CINF
CINF
Q1 26
$274.0M
Q4 25
$331.0M
$676.0M
Q3 25
$205.0M
$1.1B
Q2 25
$603.0M
$685.0M
Q1 25
$418.0M
$-90.0M
Q4 24
$425.0M
$405.0M
Q3 24
$-223.0M
$820.0M
Q2 24
$541.0M
$312.0M
Operating Margin
APA
APA
CINF
CINF
Q1 26
Q4 25
32.5%
27.2%
Q3 25
33.7%
37.9%
Q2 25
31.8%
26.3%
Q1 25
31.9%
-5.0%
Q4 24
31.4%
18.9%
Q3 24
-5.2%
31.3%
Q2 24
34.4%
15.2%
Net Margin
APA
APA
CINF
CINF
Q1 26
9.6%
Q4 25
15.0%
21.9%
Q3 25
9.0%
30.1%
Q2 25
26.0%
21.1%
Q1 25
15.4%
-3.5%
Q4 24
14.6%
16.0%
Q3 24
-8.1%
24.7%
Q2 24
19.0%
12.3%
EPS (diluted)
APA
APA
CINF
CINF
Q1 26
Q4 25
$0.79
$4.29
Q3 25
$0.57
$7.11
Q2 25
$1.67
$4.34
Q1 25
$0.96
$-0.57
Q4 24
$0.97
$2.57
Q3 24
$-0.60
$5.20
Q2 24
$1.46
$1.98

Balance Sheet & Financial Strength

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

Metric
APA
APA
CINF
CINF
Cash + ST InvestmentsLiquidity on hand
$516.0M
$1.2B
Total DebtLower is stronger
$4.3B
$816.0M
Stockholders' EquityBook value
$6.1B
$15.7B
Total Assets
$17.8B
$41.2B
Debt / EquityLower = less leverage
0.70×
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APA
APA
CINF
CINF
Q1 26
$1.2B
Q4 25
$516.0M
$148.0M
Q3 25
$475.0M
$1.6B
Q2 25
$107.0M
$1.1B
Q1 25
$67.0M
$1.1B
Q4 24
$625.0M
$1.3B
Q3 24
$64.0M
$1.8B
Q2 24
$160.0M
$771.0M
Total Debt
APA
APA
CINF
CINF
Q1 26
$816.0M
Q4 25
$4.3B
$861.0M
Q3 25
$4.3B
$858.0M
Q2 25
$4.3B
$859.0M
Q1 25
$5.2B
$853.0M
Q4 24
$6.0B
$850.0M
Q3 24
$6.4B
$849.0M
Q2 24
$6.7B
$849.0M
Stockholders' Equity
APA
APA
CINF
CINF
Q1 26
$15.7B
Q4 25
$6.1B
$15.9B
Q3 25
$6.0B
$15.4B
Q2 25
$5.9B
$14.3B
Q1 25
$5.4B
$13.7B
Q4 24
$5.3B
$13.9B
Q3 24
$5.1B
$13.8B
Q2 24
$5.4B
$12.8B
Total Assets
APA
APA
CINF
CINF
Q1 26
$41.2B
Q4 25
$17.8B
$41.0B
Q3 25
$17.7B
$40.6B
Q2 25
$18.1B
$38.8B
Q1 25
$18.5B
$37.3B
Q4 24
$19.4B
$36.5B
Q3 24
$19.4B
$37.0B
Q2 24
$20.2B
$34.8B
Debt / Equity
APA
APA
CINF
CINF
Q1 26
0.05×
Q4 25
0.70×
0.05×
Q3 25
0.72×
0.06×
Q2 25
0.73×
0.06×
Q1 25
0.96×
0.06×
Q4 24
1.13×
0.06×
Q3 24
1.25×
0.06×
Q2 24
1.24×
0.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APA
APA
CINF
CINF
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
APA
APA
CINF
CINF
Q1 26
Q4 25
$808.0M
$947.0M
Q3 25
$1.5B
$1.1B
Q2 25
$1.2B
$741.0M
Q1 25
$1.1B
$310.0M
Q4 24
$1.0B
$642.0M
Q3 24
$1.3B
$912.0M
Q2 24
$877.0M
$742.0M
Free Cash Flow
APA
APA
CINF
CINF
Q1 26
Q4 25
$939.0M
Q3 25
$1.1B
Q2 25
$737.0M
Q1 25
$307.0M
Q4 24
$638.0M
Q3 24
$906.0M
Q2 24
$737.0M
FCF Margin
APA
APA
CINF
CINF
Q1 26
Q4 25
30.4%
Q3 25
29.8%
Q2 25
22.7%
Q1 25
12.0%
Q4 24
25.1%
Q3 24
27.3%
Q2 24
29.0%
Capex Intensity
APA
APA
CINF
CINF
Q1 26
Q4 25
0.3%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.2%
Cash Conversion
APA
APA
CINF
CINF
Q1 26
Q4 25
2.44×
1.40×
Q3 25
7.12×
0.99×
Q2 25
1.96×
1.08×
Q1 25
2.62×
Q4 24
2.44×
1.59×
Q3 24
1.11×
Q2 24
1.62×
2.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

CINF
CINF

Segment breakdown not available.

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