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Side-by-side financial comparison of APA Corporation (APA) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.3B, roughly 1.8× Graham Holdings Co). APA Corporation runs the higher net margin — 15.0% vs 8.7%, a 6.3% gap on every dollar of revenue. On growth, Graham Holdings Co posted the faster year-over-year revenue change (0.4% vs -24.3%). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% 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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
APA vs GHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.3B |
| Net Profit | $331.0M | $108.7M |
| Gross Margin | — | — |
| Operating Margin | 32.5% | 3.8% |
| Net Margin | 15.0% | 8.7% |
| Revenue YoY | -24.3% | 0.4% |
| Net Profit YoY | -22.1% | -80.2% |
| EPS (diluted) | $0.79 | $24.76 |
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 | $1.3B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.3B | $1.2B | ||
| Q1 25 | $2.7B | $1.2B | ||
| Q4 24 | $2.9B | $1.2B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.8B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
| Q4 25 | $331.0M | $108.7M | ||
| Q3 25 | $205.0M | $122.9M | ||
| Q2 25 | $603.0M | $36.7M | ||
| Q1 25 | $418.0M | $23.9M | ||
| Q4 24 | $425.0M | $548.8M | ||
| Q3 24 | $-223.0M | $72.5M | ||
| Q2 24 | $541.0M | $-21.0M | ||
| Q1 24 | $212.0M | $124.4M |
| Q4 25 | 32.5% | 3.8% | ||
| Q3 25 | 33.7% | 5.2% | ||
| Q2 25 | 31.8% | 6.0% | ||
| Q1 25 | 31.9% | 4.1% | ||
| Q4 24 | 31.4% | 5.8% | ||
| Q3 24 | -5.2% | 6.8% | ||
| Q2 24 | 34.4% | 2.2% | ||
| Q1 24 | 32.2% | 3.1% |
| Q4 25 | 15.0% | 8.7% | ||
| Q3 25 | 9.0% | 9.6% | ||
| Q2 25 | 26.0% | 3.0% | ||
| Q1 25 | 15.4% | 2.0% | ||
| Q4 24 | 14.6% | 44.1% | ||
| Q3 24 | -8.1% | 6.0% | ||
| Q2 24 | 19.0% | -1.8% | ||
| Q1 24 | 9.9% | 10.8% |
| Q4 25 | $0.79 | $24.76 | ||
| Q3 25 | $0.57 | $27.91 | ||
| Q2 25 | $1.67 | $8.35 | ||
| Q1 25 | $0.96 | $5.45 | ||
| Q4 24 | $0.97 | $124.05 | ||
| Q3 24 | $-0.60 | $16.42 | ||
| Q2 24 | $1.46 | $-4.79 | ||
| Q1 24 | $0.44 | $27.72 |
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 | $267.0M |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $6.1B | $4.8B |
| Total Assets | $17.8B | $8.4B |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $267.0M | ||
| Q3 25 | $475.0M | $190.8M | ||
| Q2 25 | $107.0M | $176.2M | ||
| Q1 25 | $67.0M | $156.7M | ||
| Q4 24 | $625.0M | $260.9M | ||
| Q3 24 | $64.0M | $244.4M | ||
| Q2 24 | $160.0M | $140.7M | ||
| Q1 24 | $102.0M | $130.9M |
| 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 | — |
| Q4 25 | $6.1B | $4.8B | ||
| Q3 25 | $6.0B | $4.5B | ||
| Q2 25 | $5.9B | $4.4B | ||
| Q1 25 | $5.4B | $4.3B | ||
| Q4 24 | $5.3B | $4.3B | ||
| Q3 24 | $5.1B | $4.0B | ||
| Q2 24 | $5.4B | $4.0B | ||
| Q1 24 | $2.6B | $4.0B |
| Q4 25 | $17.8B | $8.4B | ||
| Q3 25 | $17.7B | $7.9B | ||
| Q2 25 | $18.1B | $7.6B | ||
| Q1 25 | $18.5B | $7.6B | ||
| Q4 24 | $19.4B | $7.7B | ||
| Q3 24 | $19.4B | $7.4B | ||
| Q2 24 | $20.2B | $7.2B | ||
| Q1 24 | $15.0B | $7.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $808.0M | $28.3M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 0.4% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | 2.44× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $28.3M | ||
| Q3 25 | $1.5B | $178.1M | ||
| Q2 25 | $1.2B | $94.8M | ||
| Q1 25 | $1.1B | $46.0M | ||
| Q4 24 | $1.0B | $116.3M | ||
| Q3 24 | $1.3B | $237.6M | ||
| Q2 24 | $877.0M | $52.0M | ||
| Q1 24 | $368.0M | $1.1M |
| Q4 25 | — | $5.0M | ||
| Q3 25 | — | $161.8M | ||
| Q2 25 | — | $78.0M | ||
| Q1 25 | — | $30.5M | ||
| Q4 24 | — | $91.1M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $33.7M | ||
| Q1 24 | — | $-20.2M |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | -1.8% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 2.44× | 0.26× | ||
| Q3 25 | 7.12× | 1.45× | ||
| Q2 25 | 1.96× | 2.58× | ||
| Q1 25 | 2.62× | 1.93× | ||
| Q4 24 | 2.44× | 0.21× | ||
| Q3 24 | — | 3.28× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.74× | 0.01× |
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% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
