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Side-by-side financial comparison of APA Corporation (APA) and NCR Atleos Corp (NATL). 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 1.9× NCR Atleos Corp). APA Corporation runs the higher net margin — 15.0% vs 7.2%, a 7.8% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs -24.3%). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% 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.

NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.

APA vs NATL — Head-to-Head

Bigger by revenue
APA
APA
1.9× larger
APA
$2.2B
$1.2B
NATL
Growing faster (revenue YoY)
NATL
NATL
+28.3% gap
NATL
4.0%
-24.3%
APA
Higher net margin
APA
APA
7.8% more per $
APA
15.0%
7.2%
NATL
Faster 2-yr revenue CAGR
NATL
NATL
Annualised
NATL
4.9%
1.4%
APA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APA
APA
NATL
NATL
Revenue
$2.2B
$1.2B
Net Profit
$331.0M
$83.0M
Gross Margin
Operating Margin
32.5%
13.5%
Net Margin
15.0%
7.2%
Revenue YoY
-24.3%
4.0%
Net Profit YoY
-22.1%
102.4%
EPS (diluted)
$0.79
$1.09

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
NATL
NATL
Q4 25
$2.2B
$1.2B
Q3 25
$2.3B
$1.1B
Q2 25
$2.3B
$1.1B
Q1 25
$2.7B
$979.0M
Q4 24
$2.9B
$1.1B
Q3 24
$2.7B
$1.1B
Q2 24
$2.8B
$1.1B
Q1 24
$2.1B
$1.0B
Net Profit
APA
APA
NATL
NATL
Q4 25
$331.0M
$83.0M
Q3 25
$205.0M
$26.0M
Q2 25
$603.0M
$39.0M
Q1 25
$418.0M
$14.0M
Q4 24
$425.0M
$41.0M
Q3 24
$-223.0M
$21.0M
Q2 24
$541.0M
$27.0M
Q1 24
$212.0M
$-9.0M
Operating Margin
APA
APA
NATL
NATL
Q4 25
32.5%
13.5%
Q3 25
33.7%
9.8%
Q2 25
31.8%
10.8%
Q1 25
31.9%
9.5%
Q4 24
31.4%
13.4%
Q3 24
-5.2%
10.6%
Q2 24
34.4%
9.8%
Q1 24
32.2%
6.5%
Net Margin
APA
APA
NATL
NATL
Q4 25
15.0%
7.2%
Q3 25
9.0%
2.3%
Q2 25
26.0%
3.5%
Q1 25
15.4%
1.4%
Q4 24
14.6%
3.7%
Q3 24
-8.1%
2.0%
Q2 24
19.0%
2.5%
Q1 24
9.9%
-0.9%
EPS (diluted)
APA
APA
NATL
NATL
Q4 25
$0.79
$1.09
Q3 25
$0.57
$0.34
Q2 25
$1.67
$0.52
Q1 25
$0.96
$0.19
Q4 24
$0.97
$0.56
Q3 24
$-0.60
$0.28
Q2 24
$1.46
$0.37
Q1 24
$0.44
$-0.13

Balance Sheet & Financial Strength

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

Metric
APA
APA
NATL
NATL
Cash + ST InvestmentsLiquidity on hand
$516.0M
$456.0M
Total DebtLower is stronger
$4.3B
$2.7B
Stockholders' EquityBook value
$6.1B
$403.0M
Total Assets
$17.8B
$5.7B
Debt / EquityLower = less leverage
0.70×
6.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APA
APA
NATL
NATL
Q4 25
$516.0M
$456.0M
Q3 25
$475.0M
$412.0M
Q2 25
$107.0M
$357.0M
Q1 25
$67.0M
$352.0M
Q4 24
$625.0M
$419.0M
Q3 24
$64.0M
$395.0M
Q2 24
$160.0M
$374.0M
Q1 24
$102.0M
$343.0M
Total Debt
APA
APA
NATL
NATL
Q4 25
$4.3B
$2.7B
Q3 25
$4.3B
$2.8B
Q2 25
$4.3B
$2.8B
Q1 25
$5.2B
Q4 24
$6.0B
$2.9B
Q3 24
$6.4B
Q2 24
$6.7B
Q1 24
$5.2B
Stockholders' Equity
APA
APA
NATL
NATL
Q4 25
$6.1B
$403.0M
Q3 25
$6.0B
$330.0M
Q2 25
$5.9B
$350.0M
Q1 25
$5.4B
$275.0M
Q4 24
$5.3B
$219.0M
Q3 24
$5.1B
$264.0M
Q2 24
$5.4B
$250.0M
Q1 24
$2.6B
$283.0M
Total Assets
APA
APA
NATL
NATL
Q4 25
$17.8B
$5.7B
Q3 25
$17.7B
$5.7B
Q2 25
$18.1B
$5.8B
Q1 25
$18.5B
$5.7B
Q4 24
$19.4B
$5.5B
Q3 24
$19.4B
$5.7B
Q2 24
$20.2B
$5.8B
Q1 24
$15.0B
$5.8B
Debt / Equity
APA
APA
NATL
NATL
Q4 25
0.70×
6.63×
Q3 25
0.72×
8.45×
Q2 25
0.73×
8.05×
Q1 25
0.96×
Q4 24
1.13×
13.05×
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
APA
APA
NATL
NATL
Operating Cash FlowLast quarter
$808.0M
$231.0M
Free Cash FlowOCF − Capex
$194.0M
FCF MarginFCF / Revenue
16.8%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
2.44×
2.78×
TTM Free Cash FlowTrailing 4 quarters
$239.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APA
APA
NATL
NATL
Q4 25
$808.0M
$231.0M
Q3 25
$1.5B
$25.0M
Q2 25
$1.2B
$-23.0M
Q1 25
$1.1B
$123.0M
Q4 24
$1.0B
$80.0M
Q3 24
$1.3B
$107.0M
Q2 24
$877.0M
$9.0M
Q1 24
$368.0M
$148.0M
Free Cash Flow
APA
APA
NATL
NATL
Q4 25
$194.0M
Q3 25
$-5.0M
Q2 25
$-44.0M
Q1 25
$94.0M
Q4 24
$62.0M
Q3 24
$85.0M
Q2 24
$-14.0M
Q1 24
$124.0M
FCF Margin
APA
APA
NATL
NATL
Q4 25
16.8%
Q3 25
-0.4%
Q2 25
-4.0%
Q1 25
9.6%
Q4 24
5.6%
Q3 24
7.9%
Q2 24
-1.3%
Q1 24
11.9%
Capex Intensity
APA
APA
NATL
NATL
Q4 25
3.2%
Q3 25
2.7%
Q2 25
1.9%
Q1 25
3.0%
Q4 24
1.6%
Q3 24
2.1%
Q2 24
2.1%
Q1 24
2.3%
Cash Conversion
APA
APA
NATL
NATL
Q4 25
2.44×
2.78×
Q3 25
7.12×
0.96×
Q2 25
1.96×
-0.59×
Q1 25
2.62×
8.79×
Q4 24
2.44×
1.95×
Q3 24
5.10×
Q2 24
1.62×
0.33×
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%

NATL
NATL

Services$848.0M74%
APJ$136.0M12%
Americas Excluding United States$135.0M12%
TT$44.0M4%

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