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Side-by-side financial comparison of APA Corporation (APA) and KeyCorp (KEY). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $2.0B, roughly 1.1× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 15.0%, a 10.4% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs -24.3%). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% 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.
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
APA vs KEY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.0B |
| Net Profit | $331.0M | $510.0M |
| Gross Margin | — | — |
| Operating Margin | 32.5% | 32.3% |
| Net Margin | 15.0% | 25.4% |
| Revenue YoY | -24.3% | 131.8% |
| Net Profit YoY | -22.1% | 309.0% |
| EPS (diluted) | $0.79 | $0.43 |
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 | $2.0B | ||
| Q3 25 | $2.3B | $1.9B | ||
| Q2 25 | $2.3B | $1.8B | ||
| Q1 25 | $2.7B | $1.8B | ||
| Q4 24 | $2.9B | $865.0M | ||
| Q3 24 | $2.7B | $695.0M | ||
| Q2 24 | $2.8B | $1.5B | ||
| Q1 24 | $2.1B | $1.5B |
| Q4 25 | $331.0M | $510.0M | ||
| Q3 25 | $205.0M | $489.0M | ||
| Q2 25 | $603.0M | $425.0M | ||
| Q1 25 | $418.0M | $405.0M | ||
| Q4 24 | $425.0M | $-244.0M | ||
| Q3 24 | $-223.0M | $-410.0M | ||
| Q2 24 | $541.0M | $274.0M | ||
| Q1 24 | $212.0M | $219.0M |
| Q4 25 | 32.5% | 32.3% | ||
| Q3 25 | 33.7% | 31.8% | ||
| Q2 25 | 31.8% | 29.3% | ||
| Q1 25 | 31.9% | 29.0% | ||
| Q4 24 | 31.4% | -92.6% | ||
| Q3 24 | -5.2% | -72.8% | ||
| Q2 24 | 34.4% | 22.0% | ||
| Q1 24 | 32.2% | 18.1% |
| Q4 25 | 15.0% | 25.4% | ||
| Q3 25 | 9.0% | 25.8% | ||
| Q2 25 | 26.0% | 23.1% | ||
| Q1 25 | 15.4% | 22.8% | ||
| Q4 24 | 14.6% | -54.7% | ||
| Q3 24 | -8.1% | -59.0% | ||
| Q2 24 | 19.0% | 18.0% | ||
| Q1 24 | 9.9% | 14.3% |
| Q4 25 | $0.79 | $0.43 | ||
| Q3 25 | $0.57 | $0.41 | ||
| Q2 25 | $1.67 | $0.35 | ||
| Q1 25 | $0.96 | $0.33 | ||
| Q4 24 | $0.97 | $-0.30 | ||
| Q3 24 | $-0.60 | $-0.47 | ||
| Q2 24 | $1.46 | $0.25 | ||
| Q1 24 | $0.44 | $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 | $10.2B |
| Total DebtLower is stronger | $4.3B | $9.9B |
| Stockholders' EquityBook value | $6.1B | $20.4B |
| Total Assets | $17.8B | $184.4B |
| Debt / EquityLower = less leverage | 0.70× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $10.2B | ||
| Q3 25 | $475.0M | $13.3B | ||
| Q2 25 | $107.0M | $11.6B | ||
| Q1 25 | $67.0M | $15.3B | ||
| Q4 24 | $625.0M | $17.5B | ||
| Q3 24 | $64.0M | $22.8B | ||
| Q2 24 | $160.0M | $15.5B | ||
| Q1 24 | $102.0M | $13.2B |
| Q4 25 | $4.3B | $9.9B | ||
| Q3 25 | $4.3B | $10.9B | ||
| Q2 25 | $4.3B | $12.1B | ||
| Q1 25 | $5.2B | $12.4B | ||
| Q4 24 | $6.0B | $12.1B | ||
| Q3 24 | $6.4B | $15.7B | ||
| Q2 24 | $6.7B | $16.9B | ||
| Q1 24 | $5.2B | $20.8B |
| Q4 25 | $6.1B | $20.4B | ||
| Q3 25 | $6.0B | $20.1B | ||
| Q2 25 | $5.9B | $19.5B | ||
| Q1 25 | $5.4B | $19.0B | ||
| Q4 24 | $5.3B | $18.2B | ||
| Q3 24 | $5.1B | $16.9B | ||
| Q2 24 | $5.4B | $14.8B | ||
| Q1 24 | $2.6B | $14.5B |
| Q4 25 | $17.8B | $184.4B | ||
| Q3 25 | $17.7B | $187.4B | ||
| Q2 25 | $18.1B | $185.5B | ||
| Q1 25 | $18.5B | $188.7B | ||
| Q4 24 | $19.4B | $187.2B | ||
| Q3 24 | $19.4B | $189.8B | ||
| Q2 24 | $20.2B | $187.4B | ||
| Q1 24 | $15.0B | $187.5B |
| Q4 25 | 0.70× | 0.49× | ||
| Q3 25 | 0.72× | 0.54× | ||
| Q2 25 | 0.73× | 0.62× | ||
| Q1 25 | 0.96× | 0.65× | ||
| Q4 24 | 1.13× | 0.67× | ||
| Q3 24 | 1.25× | 0.93× | ||
| Q2 24 | 1.24× | 1.14× | ||
| Q1 24 | 1.99× | 1.43× |
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 | $2.2B |
| Free Cash FlowOCF − Capex | — | $2.1B |
| FCF MarginFCF / Revenue | — | 104.8% |
| Capex IntensityCapex / Revenue | — | 5.3% |
| Cash ConversionOCF / Net Profit | 2.44× | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $2.2B | ||
| Q3 25 | $1.5B | $396.0M | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $-140.0M | ||
| Q4 24 | $1.0B | $664.0M | ||
| Q3 24 | $1.3B | $-1.2B | ||
| Q2 24 | $877.0M | $-217.0M | ||
| Q1 24 | $368.0M | $359.0M |
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $367.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $-150.0M | ||
| Q4 24 | — | $599.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-230.0M | ||
| Q1 24 | — | $347.0M |
| Q4 25 | — | 104.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 65.8% | ||
| Q1 25 | — | -8.5% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | — | -175.8% | ||
| Q2 24 | — | -15.1% | ||
| Q1 24 | — | 22.6% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 2.44× | 4.33× | ||
| Q3 25 | 7.12× | 0.81× | ||
| Q2 25 | 1.96× | 2.90× | ||
| Q1 25 | 2.62× | -0.35× | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.62× | -0.79× | ||
| Q1 24 | 1.74× | 1.64× |
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% |
KEY
Segment breakdown not available.
