vs
Side-by-side financial comparison of APA Corporation (APA) and Digital Realty (DLR). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.6B, roughly 1.4× Digital Realty). APA Corporation runs the higher net margin — 15.0% vs 6.0%, a 9.0% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs -24.3%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% 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.
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
APA vs DLR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.6B |
| Net Profit | $331.0M | $98.6M |
| Gross Margin | — | — |
| Operating Margin | 32.5% | 6.9% |
| Net Margin | 15.0% | 6.0% |
| Revenue YoY | -24.3% | 16.1% |
| Net Profit YoY | -22.1% | -10.3% |
| EPS (diluted) | $0.79 | $0.22 |
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 | — | $1.6B | ||
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.3B | $1.5B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.7B | $1.4B | ||
| Q2 24 | $2.8B | $1.4B |
| Q1 26 | — | $98.6M | ||
| Q4 25 | $331.0M | $98.6M | ||
| Q3 25 | $205.0M | $67.8M | ||
| Q2 25 | $603.0M | $1.0B | ||
| Q1 25 | $418.0M | $110.0M | ||
| Q4 24 | $425.0M | $189.6M | ||
| Q3 24 | $-223.0M | $51.2M | ||
| Q2 24 | $541.0M | $80.2M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 32.5% | 6.9% | ||
| Q3 25 | 33.7% | 8.8% | ||
| Q2 25 | 31.8% | 14.2% | ||
| Q1 25 | 31.9% | 13.9% | ||
| Q4 24 | 31.4% | 10.1% | ||
| Q3 24 | -5.2% | 11.8% | ||
| Q2 24 | 34.4% | 0.7% |
| Q1 26 | — | 6.0% | ||
| Q4 25 | 15.0% | 6.0% | ||
| Q3 25 | 9.0% | 4.3% | ||
| Q2 25 | 26.0% | 69.1% | ||
| Q1 25 | 15.4% | 7.8% | ||
| Q4 24 | 14.6% | 13.2% | ||
| Q3 24 | -8.1% | 3.6% | ||
| Q2 24 | 19.0% | 5.9% |
| Q1 26 | — | $0.22 | ||
| Q4 25 | $0.79 | $0.22 | ||
| Q3 25 | $0.57 | $0.15 | ||
| Q2 25 | $1.67 | $2.94 | ||
| Q1 25 | $0.96 | $0.27 | ||
| Q4 24 | $0.97 | $0.50 | ||
| Q3 24 | $-0.60 | $0.09 | ||
| Q2 24 | $1.46 | $0.20 |
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 | $3.5B |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $6.1B | $22.9B |
| Total Assets | $17.8B | $49.4B |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $516.0M | $3.5B | ||
| Q3 25 | $475.0M | $3.3B | ||
| Q2 25 | $107.0M | $3.6B | ||
| Q1 25 | $67.0M | $2.3B | ||
| Q4 24 | $625.0M | $3.9B | ||
| Q3 24 | $64.0M | $2.2B | ||
| Q2 24 | $160.0M | $2.3B |
| Q1 26 | — | — | ||
| 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 26 | — | $22.9B | ||
| Q4 25 | $6.1B | $22.9B | ||
| Q3 25 | $6.0B | $23.0B | ||
| Q2 25 | $5.9B | $22.9B | ||
| Q1 25 | $5.4B | $21.3B | ||
| Q4 24 | $5.3B | $21.3B | ||
| Q3 24 | $5.1B | $21.2B | ||
| Q2 24 | $5.4B | $20.5B |
| Q1 26 | — | $49.4B | ||
| Q4 25 | $17.8B | $49.4B | ||
| Q3 25 | $17.7B | $48.7B | ||
| Q2 25 | $18.1B | $48.7B | ||
| Q1 25 | $18.5B | $45.1B | ||
| Q4 24 | $19.4B | $45.3B | ||
| Q3 24 | $19.4B | $45.3B | ||
| Q2 24 | $20.2B | $43.6B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $808.0M | $719.0M | ||
| Q3 25 | $1.5B | $652.9M | ||
| Q2 25 | $1.2B | $641.2M | ||
| Q1 25 | $1.1B | $399.1M | ||
| Q4 24 | $1.0B | $769.5M | ||
| Q3 24 | $1.3B | $566.5M | ||
| Q2 24 | $877.0M | $573.2M |
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 7.29× | ||
| Q3 25 | 7.12× | 9.63× | ||
| Q2 25 | 1.96× | 0.62× | ||
| Q1 25 | 2.62× | 3.63× | ||
| Q4 24 | 2.44× | 4.06× | ||
| Q3 24 | — | 11.07× | ||
| Q2 24 | 1.62× | 7.15× |
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% |
DLR
Segment breakdown not available.
