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Side-by-side financial comparison of APA Corporation (APA) and DYCOM INDUSTRIES INC (DY). 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× DYCOM INDUSTRIES INC). APA Corporation runs the higher net margin — 15.0% vs 7.3%, a 7.7% gap on every dollar of revenue. On growth, DYCOM INDUSTRIES INC posted the faster year-over-year revenue change (14.1% vs -24.3%). Over the past eight quarters, DYCOM INDUSTRIES INC's revenue compounded faster (23.5% 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.

Quanta Services is a U.S. corporation that provides infrastructure services for the electric power, pipeline, industrial and communications industries. Its capabilities include planning, design, installation, program management, maintenance and repair of most types of network infrastructure. The company has grown organically since its founding, but it has also acquired over 150 companies in the electrical contracting industry. It has provided its services and expertise to many major electrica...

APA vs DY — Head-to-Head

Bigger by revenue
APA
APA
1.5× larger
APA
$2.2B
$1.5B
DY
Growing faster (revenue YoY)
DY
DY
+38.5% gap
DY
14.1%
-24.3%
APA
Higher net margin
APA
APA
7.7% more per $
APA
15.0%
7.3%
DY
Faster 2-yr revenue CAGR
DY
DY
Annualised
DY
23.5%
1.4%
APA

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
APA
APA
DY
DY
Revenue
$2.2B
$1.5B
Net Profit
$331.0M
$106.4M
Gross Margin
Operating Margin
32.5%
9.7%
Net Margin
15.0%
7.3%
Revenue YoY
-24.3%
14.1%
Net Profit YoY
-22.1%
52.4%
EPS (diluted)
$0.79
$3.63

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
DY
DY
Q4 25
$2.2B
$1.5B
Q3 25
$2.3B
$1.4B
Q2 25
$2.3B
$1.3B
Q1 25
$2.7B
$1.1B
Q4 24
$2.9B
$1.3B
Q3 24
$2.7B
$1.2B
Q2 24
$2.8B
$1.1B
Q1 24
$2.1B
$952.5M
Net Profit
APA
APA
DY
DY
Q4 25
$331.0M
$106.4M
Q3 25
$205.0M
$97.5M
Q2 25
$603.0M
$61.0M
Q1 25
$418.0M
$32.7M
Q4 24
$425.0M
$69.8M
Q3 24
$-223.0M
$68.4M
Q2 24
$541.0M
$62.6M
Q1 24
$212.0M
$23.4M
Operating Margin
APA
APA
DY
DY
Q4 25
32.5%
9.7%
Q3 25
33.7%
9.5%
Q2 25
31.8%
6.2%
Q1 25
31.9%
4.1%
Q4 24
31.4%
7.2%
Q3 24
-5.2%
7.9%
Q2 24
34.4%
6.8%
Q1 24
32.2%
3.3%
Net Margin
APA
APA
DY
DY
Q4 25
15.0%
7.3%
Q3 25
9.0%
7.1%
Q2 25
26.0%
4.9%
Q1 25
15.4%
3.0%
Q4 24
14.6%
5.5%
Q3 24
-8.1%
5.7%
Q2 24
19.0%
5.5%
Q1 24
9.9%
2.5%
EPS (diluted)
APA
APA
DY
DY
Q4 25
$0.79
$3.63
Q3 25
$0.57
$3.33
Q2 25
$1.67
$2.09
Q1 25
$0.96
$1.11
Q4 24
$0.97
$2.37
Q3 24
$-0.60
$2.32
Q2 24
$1.46
$2.12
Q1 24
$0.44
$0.79

Balance Sheet & Financial Strength

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

Metric
APA
APA
DY
DY
Cash + ST InvestmentsLiquidity on hand
$516.0M
$110.1M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$6.1B
$1.5B
Total Assets
$17.8B
$3.3B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APA
APA
DY
DY
Q4 25
$516.0M
$110.1M
Q3 25
$475.0M
$28.5M
Q2 25
$107.0M
$16.1M
Q1 25
$67.0M
$92.7M
Q4 24
$625.0M
$15.3M
Q3 24
$64.0M
$19.6M
Q2 24
$160.0M
$26.1M
Q1 24
$102.0M
$101.1M
Total Debt
APA
APA
DY
DY
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
Stockholders' Equity
APA
APA
DY
DY
Q4 25
$6.1B
$1.5B
Q3 25
$6.0B
$1.4B
Q2 25
$5.9B
$1.3B
Q1 25
$5.4B
$1.2B
Q4 24
$5.3B
$1.2B
Q3 24
$5.1B
$1.2B
Q2 24
$5.4B
$1.1B
Q1 24
$2.6B
$1.1B
Total Assets
APA
APA
DY
DY
Q4 25
$17.8B
$3.3B
Q3 25
$17.7B
$3.2B
Q2 25
$18.1B
$3.1B
Q1 25
$18.5B
$2.9B
Q4 24
$19.4B
$3.1B
Q3 24
$19.4B
$2.8B
Q2 24
$20.2B
$2.6B
Q1 24
$15.0B
$2.5B
Debt / Equity
APA
APA
DY
DY
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
APA
APA
DY
DY
Operating Cash FlowLast quarter
$808.0M
$220.0M
Free Cash FlowOCF − Capex
$164.8M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
2.44×
2.07×
TTM Free Cash FlowTrailing 4 quarters
$296.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APA
APA
DY
DY
Q4 25
$808.0M
$220.0M
Q3 25
$1.5B
$57.4M
Q2 25
$1.2B
$-54.0M
Q1 25
$1.1B
$328.2M
Q4 24
$1.0B
$65.8M
Q3 24
$1.3B
$-7.5M
Q2 24
$877.0M
$-37.4M
Q1 24
$368.0M
$325.1M
Free Cash Flow
APA
APA
DY
DY
Q4 25
$164.8M
Q3 25
$5.8M
Q2 25
$-133.5M
Q1 25
$259.7M
Q4 24
$-8.8M
Q3 24
$-72.9M
Q2 24
$-79.4M
Q1 24
$267.7M
FCF Margin
APA
APA
DY
DY
Q4 25
11.4%
Q3 25
0.4%
Q2 25
-10.6%
Q1 25
23.9%
Q4 24
-0.7%
Q3 24
-6.1%
Q2 24
-6.9%
Q1 24
28.1%
Capex Intensity
APA
APA
DY
DY
Q4 25
3.8%
Q3 25
3.8%
Q2 25
6.3%
Q1 25
6.3%
Q4 24
5.9%
Q3 24
5.4%
Q2 24
3.7%
Q1 24
6.0%
Cash Conversion
APA
APA
DY
DY
Q4 25
2.44×
2.07×
Q3 25
7.12×
0.59×
Q2 25
1.96×
-0.88×
Q1 25
2.62×
10.05×
Q4 24
2.44×
0.94×
Q3 24
-0.11×
Q2 24
1.62×
-0.60×
Q1 24
1.74×
13.88×

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%

DY
DY

Segment breakdown not available.

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