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Side-by-side financial comparison of APA Corporation (APA) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.6× Lineage, Inc.). APA Corporation runs the higher net margin — 15.0% vs -7.3%, a 22.3% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs -24.3%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
APA vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.4B |
| Net Profit | $331.0M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | 32.5% | 2.5% |
| Net Margin | 15.0% | -7.3% |
| Revenue YoY | -24.3% | 3.1% |
| Net Profit YoY | -22.1% | 79.4% |
| EPS (diluted) | $0.79 | $-0.44 |
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 | — | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.3B | $1.4B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $2.9B | $1.3B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $2.8B | $1.3B | ||
| Q1 24 | $2.1B | $1.3B |
| Q4 25 | $331.0M | — | ||
| Q3 25 | $205.0M | $-100.0M | ||
| Q2 25 | $603.0M | $-6.0M | ||
| Q1 25 | $418.0M | $0 | ||
| Q4 24 | $425.0M | $-71.0M | ||
| Q3 24 | $-223.0M | $-485.0M | ||
| Q2 24 | $541.0M | $-68.0M | ||
| Q1 24 | $212.0M | $-40.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 33.4% |
| Q4 25 | 32.5% | — | ||
| Q3 25 | 33.7% | 2.5% | ||
| Q2 25 | 31.8% | 1.7% | ||
| Q1 25 | 31.9% | 4.3% | ||
| Q4 24 | 31.4% | -1.6% | ||
| Q3 24 | -5.2% | -38.6% | ||
| Q2 24 | 34.4% | 5.5% | ||
| Q1 24 | 32.2% | 7.6% |
| Q4 25 | 15.0% | — | ||
| Q3 25 | 9.0% | -7.3% | ||
| Q2 25 | 26.0% | -0.4% | ||
| Q1 25 | 15.4% | — | ||
| Q4 24 | 14.6% | -5.3% | ||
| Q3 24 | -8.1% | -36.3% | ||
| Q2 24 | 19.0% | -5.1% | ||
| Q1 24 | 9.9% | -3.0% |
| Q4 25 | $0.79 | — | ||
| Q3 25 | $0.57 | $-0.44 | ||
| Q2 25 | $1.67 | $-0.03 | ||
| Q1 25 | $0.96 | $0.01 | ||
| Q4 24 | $0.97 | $-0.52 | ||
| Q3 24 | $-0.60 | $-2.44 | ||
| Q2 24 | $1.46 | $-0.46 | ||
| Q1 24 | $0.44 | $-0.28 |
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 | — |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $6.1B | $8.4B |
| Total Assets | $17.8B | $19.2B |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | — | ||
| Q3 25 | $475.0M | — | ||
| Q2 25 | $107.0M | — | ||
| Q1 25 | $67.0M | — | ||
| Q4 24 | $625.0M | $173.0M | ||
| Q3 24 | $64.0M | $409.0M | ||
| Q2 24 | $160.0M | $73.0M | ||
| Q1 24 | $102.0M | — |
| 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 | — | ||
| Q3 25 | $6.0B | $8.4B | ||
| Q2 25 | $5.9B | $8.6B | ||
| Q1 25 | $5.4B | $8.6B | ||
| Q4 24 | $5.3B | $8.6B | ||
| Q3 24 | $5.1B | $9.0B | ||
| Q2 24 | $5.4B | $4.9B | ||
| Q1 24 | $2.6B | $5.6B |
| Q4 25 | $17.8B | — | ||
| Q3 25 | $17.7B | $19.2B | ||
| Q2 25 | $18.1B | $19.4B | ||
| Q1 25 | $18.5B | $18.8B | ||
| Q4 24 | $19.4B | $18.7B | ||
| Q3 24 | $19.4B | $19.3B | ||
| Q2 24 | $20.2B | $18.8B | ||
| Q1 24 | $15.0B | — |
| 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 | $230.0M |
| Free Cash FlowOCF − Capex | — | $35.0M |
| FCF MarginFCF / Revenue | — | 2.5% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | — | ||
| Q3 25 | $1.5B | $230.0M | ||
| Q2 25 | $1.2B | $258.0M | ||
| Q1 25 | $1.1B | $139.0M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.3B | $186.0M | ||
| Q2 24 | $877.0M | $155.0M | ||
| Q1 24 | $368.0M | $105.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $-31.0M | ||
| Q1 24 | — | $-42.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | — | -3.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 13.9% | ||
| Q1 24 | — | 11.1% |
| Q4 25 | 2.44× | — | ||
| Q3 25 | 7.12× | — | ||
| Q2 25 | 1.96× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.74× | — |
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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
