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Side-by-side financial comparison of APA Corporation (APA) and CLEAN HARBORS INC (CLH). 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× CLEAN HARBORS INC). APA Corporation runs the higher net margin — 15.0% vs 5.8%, a 9.2% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs -24.3%). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% 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.
Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste. The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills, treatment, storage and disposal faci...
APA vs CLH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.5B |
| Net Profit | $331.0M | $86.6M |
| Gross Margin | — | 30.6% |
| Operating Margin | 32.5% | 10.6% |
| Net Margin | 15.0% | 5.8% |
| Revenue YoY | -24.3% | 4.8% |
| Net Profit YoY | -22.1% | 3.1% |
| EPS (diluted) | $0.79 | $1.62 |
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 | $1.5B | ||
| Q2 25 | $2.3B | $1.5B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.7B | $1.5B | ||
| Q2 24 | $2.8B | $1.6B | ||
| Q1 24 | $2.1B | $1.4B |
| Q4 25 | $331.0M | $86.6M | ||
| Q3 25 | $205.0M | $118.8M | ||
| Q2 25 | $603.0M | $126.9M | ||
| Q1 25 | $418.0M | $58.7M | ||
| Q4 24 | $425.0M | $84.0M | ||
| Q3 24 | $-223.0M | $115.2M | ||
| Q2 24 | $541.0M | $133.3M | ||
| Q1 24 | $212.0M | $69.8M |
| Q4 25 | — | 30.6% | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 31.0% | ||
| Q2 24 | — | 33.3% | ||
| Q1 24 | — | 29.5% |
| Q4 25 | 32.5% | 10.6% | ||
| Q3 25 | 33.7% | 12.5% | ||
| Q2 25 | 31.8% | 13.6% | ||
| Q1 25 | 31.9% | 7.8% | ||
| Q4 24 | 31.4% | 9.6% | ||
| Q3 24 | -5.2% | 12.6% | ||
| Q2 24 | 34.4% | 13.9% | ||
| Q1 24 | 32.2% | 9.1% |
| Q4 25 | 15.0% | 5.8% | ||
| Q3 25 | 9.0% | 7.7% | ||
| Q2 25 | 26.0% | 8.2% | ||
| Q1 25 | 15.4% | 4.1% | ||
| Q4 24 | 14.6% | 5.9% | ||
| Q3 24 | -8.1% | 7.5% | ||
| Q2 24 | 19.0% | 8.6% | ||
| Q1 24 | 9.9% | 5.1% |
| Q4 25 | $0.79 | $1.62 | ||
| Q3 25 | $0.57 | $2.21 | ||
| Q2 25 | $1.67 | $2.36 | ||
| Q1 25 | $0.96 | $1.09 | ||
| Q4 24 | $0.97 | $1.55 | ||
| Q3 24 | $-0.60 | $2.12 | ||
| Q2 24 | $1.46 | $2.46 | ||
| Q1 24 | $0.44 | $1.29 |
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 | $127.4M |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $6.1B | $2.7B |
| Total Assets | $17.8B | $7.6B |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $127.4M | ||
| Q3 25 | $475.0M | $91.2M | ||
| Q2 25 | $107.0M | $98.9M | ||
| Q1 25 | $67.0M | $105.9M | ||
| Q4 24 | $625.0M | $102.6M | ||
| Q3 24 | $64.0M | $82.4M | ||
| Q2 24 | $160.0M | $91.3M | ||
| Q1 24 | $102.0M | $104.8M |
| 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 | — |
| Q4 25 | $6.1B | $2.7B | ||
| Q3 25 | $6.0B | $2.8B | ||
| Q2 25 | $5.9B | $2.7B | ||
| Q1 25 | $5.4B | $2.6B | ||
| Q4 24 | $5.3B | $2.6B | ||
| Q3 24 | $5.1B | $2.5B | ||
| Q2 24 | $5.4B | $2.4B | ||
| Q1 24 | $2.6B | $2.3B |
| Q4 25 | $17.8B | $7.6B | ||
| Q3 25 | $17.7B | $7.5B | ||
| Q2 25 | $18.1B | $7.4B | ||
| Q1 25 | $18.5B | $7.2B | ||
| Q4 24 | $19.4B | $7.4B | ||
| Q3 24 | $19.4B | $7.3B | ||
| Q2 24 | $20.2B | $7.1B | ||
| Q1 24 | $15.0B | $6.9B |
| 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 | $355.1M |
| Free Cash FlowOCF − Capex | — | $233.3M |
| FCF MarginFCF / Revenue | — | 15.6% |
| Capex IntensityCapex / Revenue | — | 8.1% |
| Cash ConversionOCF / Net Profit | 2.44× | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $441.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $355.1M | ||
| Q3 25 | $1.5B | $302.0M | ||
| Q2 25 | $1.2B | $208.0M | ||
| Q1 25 | $1.1B | $1.6M | ||
| Q4 24 | $1.0B | $303.9M | ||
| Q3 24 | $1.3B | $239.2M | ||
| Q2 24 | $877.0M | $216.0M | ||
| Q1 24 | $368.0M | $18.5M |
| Q4 25 | — | $233.3M | ||
| Q3 25 | — | $207.5M | ||
| Q2 25 | — | $118.0M | ||
| Q1 25 | — | $-117.1M | ||
| Q4 24 | — | $241.5M | ||
| Q3 24 | — | $142.4M | ||
| Q2 24 | — | $80.9M | ||
| Q1 24 | — | $-119.4M |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -8.2% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | -8.7% |
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | 10.0% |
| Q4 25 | 2.44× | 4.10× | ||
| Q3 25 | 7.12× | 2.54× | ||
| Q2 25 | 1.96× | 1.64× | ||
| Q1 25 | 2.62× | 0.03× | ||
| Q4 24 | 2.44× | 3.62× | ||
| Q3 24 | — | 2.08× | ||
| Q2 24 | 1.62× | 1.62× | ||
| Q1 24 | 1.74× | 0.27× |
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% |
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
