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Side-by-side financial comparison of APA Corporation (APA) and MERCURY GENERAL CORP (MCY). 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 1.4× MERCURY GENERAL CORP). APA Corporation runs the higher net margin — 15.0% vs 13.2%, a 1.8% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs -24.3%). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% 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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
APA vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.5B |
| Net Profit | $331.0M | $202.5M |
| Gross Margin | — | 99.7% |
| Operating Margin | 32.5% | 16.2% |
| Net Margin | 15.0% | 13.2% |
| Revenue YoY | -24.3% | 12.4% |
| Net Profit YoY | -22.1% | 100.4% |
| EPS (diluted) | $0.79 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.3B | $1.5B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.7B | $1.5B | ||
| Q2 24 | $2.8B | $1.3B | ||
| Q1 24 | $2.1B | $1.3B |
| Q4 25 | $331.0M | $202.5M | ||
| Q3 25 | $205.0M | $280.4M | ||
| Q2 25 | $603.0M | $166.5M | ||
| Q1 25 | $418.0M | $-108.3M | ||
| Q4 24 | $425.0M | $101.1M | ||
| Q3 24 | $-223.0M | $230.9M | ||
| Q2 24 | $541.0M | $62.6M | ||
| Q1 24 | $212.0M | $73.5M |
| Q4 25 | — | 99.7% | ||
| Q3 25 | — | 99.8% | ||
| Q2 25 | — | 99.8% | ||
| Q1 25 | — | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | — | 99.8% | ||
| Q2 24 | — | 99.8% | ||
| Q1 24 | — | 99.7% |
| Q4 25 | 32.5% | 16.2% | ||
| Q3 25 | 33.7% | 22.1% | ||
| Q2 25 | 31.8% | 14.0% | ||
| Q1 25 | 31.9% | -10.2% | ||
| Q4 24 | 31.4% | 9.0% | ||
| Q3 24 | -5.2% | 18.8% | ||
| Q2 24 | 34.4% | 5.8% | ||
| Q1 24 | 32.2% | 7.0% |
| Q4 25 | 15.0% | 13.2% | ||
| Q3 25 | 9.0% | 17.7% | ||
| Q2 25 | 26.0% | 11.3% | ||
| Q1 25 | 15.4% | -7.8% | ||
| Q4 24 | 14.6% | 7.4% | ||
| Q3 24 | -8.1% | 15.1% | ||
| Q2 24 | 19.0% | 4.8% | ||
| Q1 24 | 9.9% | 5.8% |
| Q4 25 | $0.79 | $3.66 | ||
| Q3 25 | $0.57 | $5.06 | ||
| Q2 25 | $1.67 | $3.01 | ||
| Q1 25 | $0.96 | $-1.96 | ||
| Q4 24 | $0.97 | $1.82 | ||
| Q3 24 | $-0.60 | $4.17 | ||
| Q2 24 | $1.46 | $1.13 | ||
| Q1 24 | $0.44 | $1.33 |
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 | $575.0M |
| Stockholders' EquityBook value | $6.1B | $2.4B |
| Total Assets | $17.8B | $9.6B |
| Debt / EquityLower = less leverage | 0.70× | 0.24× |
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 | — | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | $160.0M | — | ||
| Q1 24 | $102.0M | — |
| Q4 25 | $4.3B | $575.0M | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | $575.0M | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $5.2B | — |
| Q4 25 | $6.1B | $2.4B | ||
| Q3 25 | $6.0B | $2.2B | ||
| Q2 25 | $5.9B | $2.0B | ||
| Q1 25 | $5.4B | $1.8B | ||
| Q4 24 | $5.3B | $1.9B | ||
| Q3 24 | $5.1B | $1.9B | ||
| Q2 24 | $5.4B | $1.6B | ||
| Q1 24 | $2.6B | $1.6B |
| Q4 25 | $17.8B | $9.6B | ||
| Q3 25 | $17.7B | $9.4B | ||
| Q2 25 | $18.1B | $9.1B | ||
| Q1 25 | $18.5B | $9.0B | ||
| Q4 24 | $19.4B | $8.3B | ||
| Q3 24 | $19.4B | $8.2B | ||
| Q2 24 | $20.2B | $7.7B | ||
| Q1 24 | $15.0B | $7.4B |
| Q4 25 | 0.70× | 0.24× | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | 0.30× | ||
| 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 | $287.9M |
| Free Cash FlowOCF − Capex | — | $273.9M |
| FCF MarginFCF / Revenue | — | 17.8% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $287.9M | ||
| Q3 25 | $1.5B | $496.4M | ||
| Q2 25 | $1.2B | $371.6M | ||
| Q1 25 | $1.1B | $-68.7M | ||
| Q4 24 | $1.0B | $248.3M | ||
| Q3 24 | $1.3B | $318.1M | ||
| Q2 24 | $877.0M | $278.0M | ||
| Q1 24 | $368.0M | $192.6M |
| Q4 25 | — | $273.9M | ||
| Q3 25 | — | $479.5M | ||
| Q2 25 | — | $357.2M | ||
| Q1 25 | — | $-81.9M | ||
| Q4 24 | — | $236.0M | ||
| Q3 24 | — | $306.2M | ||
| Q2 24 | — | $266.5M | ||
| Q1 24 | — | $182.4M |
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 30.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 14.3% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 2.44× | 1.42× | ||
| Q3 25 | 7.12× | 1.77× | ||
| Q2 25 | 1.96× | 2.23× | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | 2.46× | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | 1.62× | 4.44× | ||
| Q1 24 | 1.74× | 2.62× |
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% |
MCY
Segment breakdown not available.
