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Side-by-side financial comparison of APA Corporation (APA) and PulteGroup (PHM). Click either name above to swap in a different company.
PulteGroup is the larger business by last-quarter revenue ($3.4B vs $2.3B, roughly 1.5× APA Corporation). APA Corporation runs the higher net margin — 19.2% vs 10.2%, a 9.0% gap on every dollar of revenue. On growth, APA Corporation posted the faster year-over-year revenue change (-11.7% vs -12.4%). Over the past eight quarters, APA Corporation's revenue compounded faster (-9.5% CAGR vs -13.9%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
APA vs PHM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $3.4B |
| Net Profit | $446.0M | $347.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 19.2% | 10.2% |
| Revenue YoY | -11.7% | -12.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.26 | — |
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.
| Q1 26 | $2.3B | $3.4B | ||
| Q4 25 | $2.2B | $4.6B | ||
| Q3 25 | $2.3B | $4.4B | ||
| Q2 25 | $2.3B | $4.4B | ||
| Q1 25 | $2.7B | $3.9B | ||
| Q4 24 | $2.9B | $4.9B | ||
| Q3 24 | $2.7B | $4.5B | ||
| Q2 24 | $2.8B | $4.6B |
| Q1 26 | $446.0M | $347.0M | ||
| Q4 25 | $331.0M | $501.6M | ||
| Q3 25 | $205.0M | $585.8M | ||
| Q2 25 | $603.0M | $608.5M | ||
| Q1 25 | $418.0M | $522.8M | ||
| Q4 24 | $425.0M | $913.2M | ||
| Q3 24 | $-223.0M | $697.9M | ||
| Q2 24 | $541.0M | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 32.5% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | 31.8% | — | ||
| Q1 25 | 31.9% | — | ||
| Q4 24 | 31.4% | — | ||
| Q3 24 | -5.2% | — | ||
| Q2 24 | 34.4% | — |
| Q1 26 | 19.2% | 10.2% | ||
| Q4 25 | 15.0% | 10.9% | ||
| Q3 25 | 9.0% | 13.3% | ||
| Q2 25 | 26.0% | 13.8% | ||
| Q1 25 | 15.4% | 13.4% | ||
| Q4 24 | 14.6% | 18.6% | ||
| Q3 24 | -8.1% | 15.6% | ||
| Q2 24 | 19.0% | 17.6% |
| Q1 26 | $1.26 | — | ||
| Q4 25 | $0.79 | $2.56 | ||
| Q3 25 | $0.57 | $2.96 | ||
| Q2 25 | $1.67 | $3.03 | ||
| Q1 25 | $0.96 | $2.57 | ||
| Q4 24 | $0.97 | $4.41 | ||
| Q3 24 | $-0.60 | $3.35 | ||
| Q2 24 | $1.46 | $3.83 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $293.0K | $1.8B |
| Total DebtLower is stronger | $4.3M | — |
| Stockholders' EquityBook value | — | $13.0B |
| Total Assets | $18.1M | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $293.0K | $1.8B | ||
| Q4 25 | $516.0M | $2.0B | ||
| Q3 25 | $475.0M | $1.5B | ||
| Q2 25 | $107.0M | $1.2B | ||
| Q1 25 | $67.0M | $1.2B | ||
| Q4 24 | $625.0M | $1.6B | ||
| Q3 24 | $64.0M | $1.4B | ||
| Q2 24 | $160.0M | $1.4B |
| Q1 26 | $4.3M | — | ||
| Q4 25 | $4.3B | $43.9M | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | $31.1M | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $6.1B | $13.0B | ||
| Q3 25 | $6.0B | $12.8B | ||
| Q2 25 | $5.9B | $12.6B | ||
| Q1 25 | $5.4B | $12.3B | ||
| Q4 24 | $5.3B | $12.1B | ||
| Q3 24 | $5.1B | $11.6B | ||
| Q2 24 | $5.4B | $11.2B |
| Q1 26 | $18.1M | $5.2B | ||
| Q4 25 | $17.8B | $18.0B | ||
| Q3 25 | $17.7B | $17.9B | ||
| Q2 25 | $18.1B | $17.6B | ||
| Q1 25 | $18.5B | $17.3B | ||
| Q4 24 | $19.4B | $17.4B | ||
| Q3 24 | $19.4B | $17.0B | ||
| Q2 24 | $20.2B | $16.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.70× | 0.00× | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | 0.00× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.24× | — |
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 | $554.0M | $159.8M |
| Free Cash FlowOCF − Capex | $477.0M | — |
| FCF MarginFCF / Revenue | 20.5% | — |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 1.24× | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $554.0M | $159.8M | ||
| Q4 25 | $808.0M | $771.1M | ||
| Q3 25 | $1.5B | $678.4M | ||
| Q2 25 | $1.2B | $287.5M | ||
| Q1 25 | $1.1B | $134.2M | ||
| Q4 24 | $1.0B | $567.6M | ||
| Q3 24 | $1.3B | $455.9M | ||
| Q2 24 | $877.0M | $417.5M |
| Q1 26 | $477.0M | — | ||
| Q4 25 | — | $739.8M | ||
| Q3 25 | — | $651.1M | ||
| Q2 25 | — | $253.0M | ||
| Q1 25 | — | $104.6M | ||
| Q4 24 | — | $543.1M | ||
| Q3 24 | — | $417.2M | ||
| Q2 24 | — | $386.2M |
| Q1 26 | 20.5% | — | ||
| Q4 25 | — | 16.0% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | 1.24× | 0.46× | ||
| Q4 25 | 2.44× | 1.54× | ||
| Q3 25 | 7.12× | 1.16× | ||
| Q2 25 | 1.96× | 0.47× | ||
| Q1 25 | 2.62× | 0.26× | ||
| Q4 24 | 2.44× | 0.62× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | 1.62× | 0.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APA
| Oil revenues | $1.6B | 71% |
| Purchased oil and gas sales | $385.0M | 17% |
| Natural gas revenues | $157.0M | 7% |
| Natural gas liquids revenues | $141.0M | 6% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
