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Side-by-side financial comparison of APA Corporation (APA) and Quest Diagnostics (DGX). Click either name above to swap in a different company.
Quest Diagnostics is the larger business by last-quarter revenue ($2.9B vs $2.3B, roughly 1.2× APA Corporation). APA Corporation runs the higher net margin — 19.2% vs 9.7%, a 9.5% gap on every dollar of revenue. On growth, Quest Diagnostics posted the faster year-over-year revenue change (9.2% vs -11.7%). Over the past eight quarters, Quest Diagnostics's revenue compounded faster (9.9% CAGR vs -9.5%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
Quest Diagnostics Incorporated is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe.
APA vs DGX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $2.9B |
| Net Profit | $446.0M | $281.0M |
| Gross Margin | — | — |
| Operating Margin | — | 15.4% |
| Net Margin | 19.2% | 9.7% |
| Revenue YoY | -11.7% | 9.2% |
| Net Profit YoY | — | 12.0% |
| EPS (diluted) | $1.26 | $2.24 |
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.
| Q1 26 | $2.3B | $2.9B | ||
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $2.3B | $2.8B | ||
| Q2 25 | $2.3B | $2.8B | ||
| Q1 25 | $2.7B | $2.7B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $2.7B | $2.5B | ||
| Q2 24 | $2.8B | $2.4B |
| Q1 26 | $446.0M | $281.0M | ||
| Q4 25 | $331.0M | $245.0M | ||
| Q3 25 | $205.0M | $245.0M | ||
| Q2 25 | $603.0M | $282.0M | ||
| Q1 25 | $418.0M | $220.0M | ||
| Q4 24 | $425.0M | $222.0M | ||
| Q3 24 | $-223.0M | $226.0M | ||
| Q2 24 | $541.0M | $229.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.4% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 32.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 32.6% | ||
| Q2 24 | — | 33.5% |
| Q1 26 | — | 15.4% | ||
| Q4 25 | 32.5% | 13.8% | ||
| Q3 25 | 33.7% | 13.7% | ||
| Q2 25 | 31.8% | 15.9% | ||
| Q1 25 | 31.9% | 13.0% | ||
| Q4 24 | 31.4% | 13.8% | ||
| Q3 24 | -5.2% | 13.3% | ||
| Q2 24 | 34.4% | 14.8% |
| Q1 26 | 19.2% | 9.7% | ||
| Q4 25 | 15.0% | 8.7% | ||
| Q3 25 | 9.0% | 8.7% | ||
| Q2 25 | 26.0% | 10.2% | ||
| Q1 25 | 15.4% | 8.3% | ||
| Q4 24 | 14.6% | 8.5% | ||
| Q3 24 | -8.1% | 9.1% | ||
| Q2 24 | 19.0% | 9.6% |
| Q1 26 | $1.26 | $2.24 | ||
| Q4 25 | $0.79 | $2.18 | ||
| Q3 25 | $0.57 | $2.16 | ||
| Q2 25 | $1.67 | $2.47 | ||
| Q1 25 | $0.96 | $1.94 | ||
| Q4 24 | $0.97 | $1.95 | ||
| Q3 24 | $-0.60 | $1.99 | ||
| Q2 24 | $1.46 | $2.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $293.0K | $393.0M |
| Total DebtLower is stronger | $4.3M | $5.7B |
| Stockholders' EquityBook value | — | $7.7B |
| Total Assets | $18.1M | $16.7B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $293.0K | $393.0M | ||
| Q4 25 | $516.0M | $420.0M | ||
| Q3 25 | $475.0M | $432.0M | ||
| Q2 25 | $107.0M | $319.0M | ||
| Q1 25 | $67.0M | $188.0M | ||
| Q4 24 | $625.0M | $549.0M | ||
| Q3 24 | $64.0M | $764.0M | ||
| Q2 24 | $160.0M | $271.0M |
| Q1 26 | $4.3M | $5.7B | ||
| Q4 25 | $4.3B | $5.2B | ||
| Q3 25 | $4.3B | $5.2B | ||
| Q2 25 | $4.3B | $5.2B | ||
| Q1 25 | $5.2B | $5.9B | ||
| Q4 24 | $6.0B | $5.6B | ||
| Q3 24 | $6.4B | $5.6B | ||
| Q2 24 | $6.7B | $3.8B |
| Q1 26 | — | $7.7B | ||
| Q4 25 | $6.1B | $7.2B | ||
| Q3 25 | $6.0B | $7.3B | ||
| Q2 25 | $5.9B | $7.2B | ||
| Q1 25 | $5.4B | $6.9B | ||
| Q4 24 | $5.3B | $6.8B | ||
| Q3 24 | $5.1B | $6.8B | ||
| Q2 24 | $5.4B | $6.6B |
| Q1 26 | $18.1M | $16.7B | ||
| Q4 25 | $17.8B | $16.2B | ||
| Q3 25 | $17.7B | $16.2B | ||
| Q2 25 | $18.1B | $16.0B | ||
| Q1 25 | $18.5B | $15.8B | ||
| Q4 24 | $19.4B | $16.2B | ||
| Q3 24 | $19.4B | $16.1B | ||
| Q2 24 | $20.2B | $13.9B |
| Q1 26 | — | 0.74× | ||
| Q4 25 | 0.70× | 0.72× | ||
| Q3 25 | 0.72× | 0.71× | ||
| Q2 25 | 0.73× | 0.72× | ||
| Q1 25 | 0.96× | 0.85× | ||
| Q4 24 | 1.13× | 0.83× | ||
| Q3 24 | 1.25× | 0.83× | ||
| Q2 24 | 1.24× | 0.58× |
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 | $554.0M | $278.0M |
| Free Cash FlowOCF − Capex | $477.0M | — |
| FCF MarginFCF / Revenue | 20.5% | — |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | 1.24× | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $554.0M | $278.0M | ||
| Q4 25 | $808.0M | $465.0M | ||
| Q3 25 | $1.5B | $563.0M | ||
| Q2 25 | $1.2B | $544.0M | ||
| Q1 25 | $1.1B | $314.0M | ||
| Q4 24 | $1.0B | $464.0M | ||
| Q3 24 | $1.3B | $356.0M | ||
| Q2 24 | $877.0M | $360.0M |
| Q1 26 | $477.0M | — | ||
| Q4 25 | — | $307.0M | ||
| Q3 25 | — | $419.0M | ||
| Q2 25 | — | $436.0M | ||
| Q1 25 | — | $197.0M | ||
| Q4 24 | — | $341.0M | ||
| Q3 24 | — | $250.0M | ||
| Q2 24 | — | $268.0M |
| Q1 26 | 20.5% | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 10.0% | ||
| Q2 24 | — | 11.2% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 3.8% |
| Q1 26 | 1.24× | 0.99× | ||
| Q4 25 | 2.44× | 1.90× | ||
| Q3 25 | 7.12× | 2.30× | ||
| Q2 25 | 1.96× | 1.93× | ||
| Q1 25 | 2.62× | 1.43× | ||
| Q4 24 | 2.44× | 2.09× | ||
| Q3 24 | — | 1.58× | ||
| Q2 24 | 1.62× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APA
| Oil revenues | $1.6B | 71% |
| Purchased oil and gas sales | $385.0M | 17% |
| Natural gas revenues | $157.0M | 7% |
| Natural gas liquids revenues | $141.0M | 6% |
DGX
Segment breakdown not available.
