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Side-by-side financial comparison of APA Corporation (APA) and FLOWERS FOODS INC (FLO). 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× FLOWERS FOODS INC). On growth, APA Corporation posted the faster year-over-year revenue change (-24.3% vs -75.8%). Over the past eight quarters, APA Corporation's revenue compounded faster (1.4% CAGR vs -11.6%).

APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.

Flowers Foods, headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 44 bakeries across 19 states that produce a variety of products, including bread, buns, rolls, snack cakes, pastries, and tortillas. As of February 2013, Flowers Foods had grown to be the "second-largest baking company in the United States."

APA vs FLO — Head-to-Head

Bigger by revenue
APA
APA
1.8× larger
APA
$2.2B
$1.2B
FLO
Growing faster (revenue YoY)
APA
APA
+51.5% gap
APA
-24.3%
-75.8%
FLO
Faster 2-yr revenue CAGR
APA
APA
Annualised
APA
1.4%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APA
APA
FLO
FLO
Revenue
$2.2B
$1.2B
Net Profit
$331.0M
Gross Margin
Operating Margin
32.5%
Net Margin
15.0%
Revenue YoY
-24.3%
-75.8%
Net Profit YoY
-22.1%
EPS (diluted)
$0.79

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
FLO
FLO
Q4 25
$2.2B
$1.2B
Q3 25
$2.3B
$1.2B
Q2 25
$2.3B
$1.6B
Q1 25
$2.7B
Q4 24
$2.9B
$1.2B
Q3 24
$2.7B
$1.2B
Q2 24
$2.8B
$1.6B
Q1 24
$2.1B
Net Profit
APA
APA
FLO
FLO
Q4 25
$331.0M
$39.5M
Q3 25
$205.0M
$58.4M
Q2 25
$603.0M
$53.0M
Q1 25
$418.0M
Q4 24
$425.0M
$65.0M
Q3 24
$-223.0M
$67.0M
Q2 24
$541.0M
$73.0M
Q1 24
$212.0M
Operating Margin
APA
APA
FLO
FLO
Q4 25
32.5%
5.4%
Q3 25
33.7%
7.5%
Q2 25
31.8%
5.5%
Q1 25
31.9%
Q4 24
31.4%
7.6%
Q3 24
-5.2%
7.8%
Q2 24
34.4%
6.4%
Q1 24
32.2%
Net Margin
APA
APA
FLO
FLO
Q4 25
15.0%
3.2%
Q3 25
9.0%
4.7%
Q2 25
26.0%
3.4%
Q1 25
15.4%
Q4 24
14.6%
5.5%
Q3 24
-8.1%
5.5%
Q2 24
19.0%
4.6%
Q1 24
9.9%
EPS (diluted)
APA
APA
FLO
FLO
Q4 25
$0.79
$0.19
Q3 25
$0.57
$0.28
Q2 25
$1.67
$0.25
Q1 25
$0.96
Q4 24
$0.97
$0.31
Q3 24
$-0.60
$0.32
Q2 24
$1.46
$0.34
Q1 24
$0.44

Balance Sheet & Financial Strength

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

Metric
APA
APA
FLO
FLO
Cash + ST InvestmentsLiquidity on hand
$516.0M
$12.1M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$6.1B
Total Assets
$17.8B
$4.2B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APA
APA
FLO
FLO
Q4 25
$516.0M
$16.7M
Q3 25
$475.0M
$11.0M
Q2 25
$107.0M
$7.3M
Q1 25
$67.0M
Q4 24
$625.0M
$15.0M
Q3 24
$64.0M
$6.9M
Q2 24
$160.0M
$15.8M
Q1 24
$102.0M
Total Debt
APA
APA
FLO
FLO
Q4 25
$4.3B
$1.8B
Q3 25
$4.3B
$1.7B
Q2 25
$4.3B
$1.8B
Q1 25
$5.2B
Q4 24
$6.0B
$1.1B
Q3 24
$6.4B
$1.1B
Q2 24
$6.7B
$1.0B
Q1 24
$5.2B
Stockholders' Equity
APA
APA
FLO
FLO
Q4 25
$6.1B
$1.4B
Q3 25
$6.0B
$1.4B
Q2 25
$5.9B
$1.4B
Q1 25
$5.4B
Q4 24
$5.3B
$1.4B
Q3 24
$5.1B
$1.4B
Q2 24
$5.4B
$1.4B
Q1 24
$2.6B
Total Assets
APA
APA
FLO
FLO
Q4 25
$17.8B
$4.3B
Q3 25
$17.7B
$4.3B
Q2 25
$18.1B
$4.3B
Q1 25
$18.5B
Q4 24
$19.4B
$3.4B
Q3 24
$19.4B
$3.4B
Q2 24
$20.2B
$3.4B
Q1 24
$15.0B
Debt / Equity
APA
APA
FLO
FLO
Q4 25
0.70×
1.25×
Q3 25
0.72×
1.23×
Q2 25
0.73×
1.26×
Q1 25
0.96×
Q4 24
1.13×
0.75×
Q3 24
1.25×
0.77×
Q2 24
1.24×
0.76×
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
FLO
FLO
Operating Cash FlowLast quarter
$808.0M
$125.4M
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.

Operating Cash Flow
APA
APA
FLO
FLO
Q4 25
$808.0M
$54.4M
Q3 25
$1.5B
$130.8M
Q2 25
$1.2B
$135.6M
Q1 25
$1.1B
Q4 24
$1.0B
$113.9M
Q3 24
$1.3B
$63.3M
Q2 24
$877.0M
$105.1M
Q1 24
$368.0M
Free Cash Flow
APA
APA
FLO
FLO
Q4 25
$30.4M
Q3 25
$100.0M
Q2 25
$110.1M
Q1 25
Q4 24
$88.6M
Q3 24
$35.4M
Q2 24
$71.8M
Q1 24
FCF Margin
APA
APA
FLO
FLO
Q4 25
2.5%
Q3 25
8.0%
Q2 25
7.1%
Q1 25
Q4 24
7.4%
Q3 24
2.9%
Q2 24
4.6%
Q1 24
Capex Intensity
APA
APA
FLO
FLO
Q4 25
2.0%
Q3 25
2.5%
Q2 25
1.6%
Q1 25
Q4 24
2.1%
Q3 24
2.3%
Q2 24
2.1%
Q1 24
Cash Conversion
APA
APA
FLO
FLO
Q4 25
2.44×
1.38×
Q3 25
7.12×
2.24×
Q2 25
1.96×
2.56×
Q1 25
2.62×
Q4 24
2.44×
1.75×
Q3 24
0.94×
Q2 24
1.62×
1.44×
Q1 24
1.74×

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%

FLO
FLO

Segment breakdown not available.

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