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Side-by-side financial comparison of APA Corporation (APA) and Dream Finders Homes, Inc. (DFH). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.2B, roughly 1.8× Dream Finders Homes, Inc.). APA Corporation runs the higher net margin — 15.0% vs 4.8%, a 10.1% gap on every dollar of revenue. On growth, Dream Finders Homes, Inc. posted the faster year-over-year revenue change (-22.3% vs -24.3%). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% 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.
Dream Finders Homes, Inc. is a U.S. homebuilding firm that constructs and sells entry-level to luxury residential properties, including single-family homes and townhomes, across high-growth domestic markets. It also provides mortgage, title insurance and home warranty services for homebuyers.
APA vs DFH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.2B |
| Net Profit | $331.0M | $58.8M |
| Gross Margin | — | — |
| Operating Margin | 32.5% | 6.4% |
| Net Margin | 15.0% | 4.8% |
| Revenue YoY | -24.3% | -22.3% |
| Net Profit YoY | -22.1% | -54.9% |
| EPS (diluted) | $0.79 | $0.57 |
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 | $1.2B | ||
| Q3 25 | $2.3B | $969.8M | ||
| Q2 25 | $2.3B | $1.2B | ||
| Q1 25 | $2.7B | $989.9M | ||
| Q4 24 | $2.9B | $1.6B | ||
| Q3 24 | $2.7B | $1.0B | ||
| Q2 24 | $2.8B | $1.1B | ||
| Q1 24 | $2.1B | $827.8M |
| Q4 25 | $331.0M | $58.8M | ||
| Q3 25 | $205.0M | $47.0M | ||
| Q2 25 | $603.0M | $56.6M | ||
| Q1 25 | $418.0M | $54.9M | ||
| Q4 24 | $425.0M | $130.5M | ||
| Q3 24 | $-223.0M | $70.7M | ||
| Q2 24 | $541.0M | $80.9M | ||
| Q1 24 | $212.0M | $54.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 18.0% |
| Q4 25 | 32.5% | 6.4% | ||
| Q3 25 | 33.7% | 6.3% | ||
| Q2 25 | 31.8% | 6.4% | ||
| Q1 25 | 31.9% | 7.2% | ||
| Q4 24 | 31.4% | 10.8% | ||
| Q3 24 | -5.2% | 9.2% | ||
| Q2 24 | 34.4% | 10.0% | ||
| Q1 24 | 32.2% | 8.6% |
| Q4 25 | 15.0% | 4.8% | ||
| Q3 25 | 9.0% | 4.8% | ||
| Q2 25 | 26.0% | 4.9% | ||
| Q1 25 | 15.4% | 5.5% | ||
| Q4 24 | 14.6% | 8.4% | ||
| Q3 24 | -8.1% | 7.0% | ||
| Q2 24 | 19.0% | 7.7% | ||
| Q1 24 | 9.9% | 6.6% |
| Q4 25 | $0.79 | $0.57 | ||
| Q3 25 | $0.57 | $0.47 | ||
| Q2 25 | $1.67 | $0.56 | ||
| Q1 25 | $0.96 | $0.54 | ||
| Q4 24 | $0.97 | $1.28 | ||
| Q3 24 | $-0.60 | $0.70 | ||
| Q2 24 | $1.46 | $0.81 | ||
| Q1 24 | $0.44 | $0.55 |
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 | $234.8M |
| Total DebtLower is stronger | $4.3B | $1.6B |
| Stockholders' EquityBook value | $6.1B | $1.4B |
| Total Assets | $17.8B | $3.7B |
| Debt / EquityLower = less leverage | 0.70× | 1.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $234.8M | ||
| Q3 25 | $475.0M | $251.0M | ||
| Q2 25 | $107.0M | $210.3M | ||
| Q1 25 | $67.0M | $297.5M | ||
| Q4 24 | $625.0M | $274.4M | ||
| Q3 24 | $64.0M | $204.9M | ||
| Q2 24 | $160.0M | $274.8M | ||
| Q1 24 | $102.0M | $239.4M |
| Q4 25 | $4.3B | $1.6B | ||
| Q3 25 | $4.3B | $1.8B | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | $1.3B | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $5.2B | — |
| Q4 25 | $6.1B | $1.4B | ||
| Q3 25 | $6.0B | $1.4B | ||
| Q2 25 | $5.9B | $1.3B | ||
| Q1 25 | $5.4B | $1.3B | ||
| Q4 24 | $5.3B | $1.2B | ||
| Q3 24 | $5.1B | $1.1B | ||
| Q2 24 | $5.4B | $1.0B | ||
| Q1 24 | $2.6B | $968.7M |
| Q4 25 | $17.8B | $3.7B | ||
| Q3 25 | $17.7B | $3.8B | ||
| Q2 25 | $18.1B | $3.7B | ||
| Q1 25 | $18.5B | $3.5B | ||
| Q4 24 | $19.4B | $3.3B | ||
| Q3 24 | $19.4B | $3.3B | ||
| Q2 24 | $20.2B | $3.0B | ||
| Q1 24 | $15.0B | $2.7B |
| Q4 25 | 0.70× | 1.13× | ||
| Q3 25 | 0.72× | 1.29× | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | 1.03× | ||
| 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 | $143.6M |
| Free Cash FlowOCF − Capex | — | $136.0M |
| FCF MarginFCF / Revenue | — | 11.2% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 2.44× | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-126.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $143.6M | ||
| Q3 25 | $1.5B | $-131.0M | ||
| Q2 25 | $1.2B | $-68.5M | ||
| Q1 25 | $1.1B | $-44.7M | ||
| Q4 24 | $1.0B | $306.5M | ||
| Q3 24 | $1.3B | $-205.0M | ||
| Q2 24 | $877.0M | $-110.6M | ||
| Q1 24 | $368.0M | $-247.5M |
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $-135.7M | ||
| Q2 25 | — | $-78.8M | ||
| Q1 25 | — | $-47.9M | ||
| Q4 24 | — | $302.6M | ||
| Q3 24 | — | $-222.5M | ||
| Q2 24 | — | $-112.4M | ||
| Q1 24 | — | $-249.6M |
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | -14.0% | ||
| Q2 25 | — | -6.8% | ||
| Q1 25 | — | -4.8% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | -22.1% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -30.2% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 2.44× | 2.44× | ||
| Q3 25 | 7.12× | -2.79× | ||
| Q2 25 | 1.96× | -1.21× | ||
| Q1 25 | 2.62× | -0.81× | ||
| Q4 24 | 2.44× | 2.35× | ||
| Q3 24 | — | -2.90× | ||
| Q2 24 | 1.62× | -1.37× | ||
| Q1 24 | 1.74× | -4.54× |
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% |
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
