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Side-by-side financial comparison of APA Corporation (APA) and QVC INC (QVCD). Click either name above to swap in a different company.

QVC INC is the larger business by last-quarter revenue ($2.4B vs $2.2B, roughly 1.1× APA Corporation). APA Corporation runs the higher net margin — 15.0% vs 1.5%, a 13.5% gap on every dollar of revenue. On growth, QVC INC posted the faster year-over-year revenue change (-8.9% vs -24.3%). Over the past eight quarters, QVC INC's revenue compounded faster (7.1% 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.

QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.

APA vs QVCD — Head-to-Head

Bigger by revenue
QVCD
QVCD
1.1× larger
QVCD
$2.4B
$2.2B
APA
Growing faster (revenue YoY)
QVCD
QVCD
+15.4% gap
QVCD
-8.9%
-24.3%
APA
Higher net margin
APA
APA
13.5% more per $
APA
15.0%
1.5%
QVCD
Faster 2-yr revenue CAGR
QVCD
QVCD
Annualised
QVCD
7.1%
1.4%
APA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APA
APA
QVCD
QVCD
Revenue
$2.2B
$2.4B
Net Profit
$331.0M
$37.0M
Gross Margin
32.5%
Operating Margin
32.5%
5.6%
Net Margin
15.0%
1.5%
Revenue YoY
-24.3%
-8.9%
Net Profit YoY
-22.1%
103.0%
EPS (diluted)
$0.79

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
QVCD
QVCD
Q4 25
$2.2B
$2.4B
Q3 25
$2.3B
$2.0B
Q2 25
$2.3B
$2.0B
Q1 25
$2.7B
$1.9B
Q4 24
$2.9B
$2.7B
Q3 24
$2.7B
$2.1B
Q2 24
$2.8B
$2.1B
Q1 24
$2.1B
$2.1B
Net Profit
APA
APA
QVCD
QVCD
Q4 25
$331.0M
$37.0M
Q3 25
$205.0M
$2.0M
Q2 25
$603.0M
$-2.2B
Q1 25
$418.0M
$-42.0M
Q4 24
$425.0M
$-1.2B
Q3 24
$-223.0M
$51.0M
Q2 24
$541.0M
$53.0M
Q1 24
$212.0M
$51.0M
Gross Margin
APA
APA
QVCD
QVCD
Q4 25
32.5%
Q3 25
33.6%
Q2 25
35.4%
Q1 25
33.3%
Q4 24
32.6%
Q3 24
34.7%
Q2 24
35.6%
Q1 24
35.0%
Operating Margin
APA
APA
QVCD
QVCD
Q4 25
32.5%
5.6%
Q3 25
33.7%
4.6%
Q2 25
31.8%
-114.5%
Q1 25
31.9%
1.5%
Q4 24
31.4%
-47.1%
Q3 24
-5.2%
7.8%
Q2 24
34.4%
7.6%
Q1 24
32.2%
7.4%
Net Margin
APA
APA
QVCD
QVCD
Q4 25
15.0%
1.5%
Q3 25
9.0%
0.1%
Q2 25
26.0%
-109.1%
Q1 25
15.4%
-2.2%
Q4 24
14.6%
-46.0%
Q3 24
-8.1%
2.4%
Q2 24
19.0%
2.5%
Q1 24
9.9%
2.4%
EPS (diluted)
APA
APA
QVCD
QVCD
Q4 25
$0.79
Q3 25
$0.57
Q2 25
$1.67
Q1 25
$0.96
Q4 24
$0.97
Q3 24
$-0.60
Q2 24
$1.46
Q1 24
$0.44

Balance Sheet & Financial Strength

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

Metric
APA
APA
QVCD
QVCD
Cash + ST InvestmentsLiquidity on hand
$516.0M
$1.5B
Total DebtLower is stronger
$4.3B
$1.0M
Stockholders' EquityBook value
$6.1B
$1.2B
Total Assets
$17.8B
$8.5B
Debt / EquityLower = less leverage
0.70×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APA
APA
QVCD
QVCD
Q4 25
$516.0M
$1.5B
Q3 25
$475.0M
Q2 25
$107.0M
Q1 25
$67.0M
Q4 24
$625.0M
$297.0M
Q3 24
$64.0M
$297.0M
Q2 24
$160.0M
$315.0M
Q1 24
$102.0M
$311.0M
Total Debt
APA
APA
QVCD
QVCD
Q4 25
$4.3B
$1.0M
Q3 25
$4.3B
$5.0B
Q2 25
$4.3B
$4.0B
Q1 25
$5.2B
$4.0B
Q4 24
$6.0B
$3.3B
Q3 24
$6.4B
$3.4B
Q2 24
$6.7B
$3.7B
Q1 24
$5.2B
$3.8B
Stockholders' Equity
APA
APA
QVCD
QVCD
Q4 25
$6.1B
$1.2B
Q3 25
$6.0B
$1.2B
Q2 25
$5.9B
$1.2B
Q1 25
$5.4B
$3.3B
Q4 24
$5.3B
$3.3B
Q3 24
$5.1B
$4.6B
Q2 24
$5.4B
$4.3B
Q1 24
$2.6B
$4.2B
Total Assets
APA
APA
QVCD
QVCD
Q4 25
$17.8B
$8.5B
Q3 25
$17.7B
$8.3B
Q2 25
$18.1B
$7.4B
Q1 25
$18.5B
$9.7B
Q4 24
$19.4B
$9.9B
Q3 24
$19.4B
$9.9B
Q2 24
$20.2B
$11.2B
Q1 24
$15.0B
$11.4B
Debt / Equity
APA
APA
QVCD
QVCD
Q4 25
0.70×
0.00×
Q3 25
0.72×
4.30×
Q2 25
0.73×
3.42×
Q1 25
0.96×
1.22×
Q4 24
1.13×
1.01×
Q3 24
1.25×
0.73×
Q2 24
1.24×
0.87×
Q1 24
1.99×
0.89×

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
QVCD
QVCD
Operating Cash FlowLast quarter
$808.0M
$245.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.44×
6.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APA
APA
QVCD
QVCD
Q4 25
$808.0M
$245.0M
Q3 25
$1.5B
$76.0M
Q2 25
$1.2B
$52.0M
Q1 25
$1.1B
$46.0M
Q4 24
$1.0B
$189.0M
Q3 24
$1.3B
$98.0M
Q2 24
$877.0M
$164.0M
Q1 24
$368.0M
$84.0M
Cash Conversion
APA
APA
QVCD
QVCD
Q4 25
2.44×
6.62×
Q3 25
7.12×
38.00×
Q2 25
1.96×
Q1 25
2.62×
Q4 24
2.44×
Q3 24
1.92×
Q2 24
1.62×
3.09×
Q1 24
1.74×
1.65×

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%

QVCD
QVCD

Home$754.0M31%
QVC International$661.0M27%
Beauty$260.0M11%
Apparel$254.0M10%
Electronics$187.0M8%
Accessories$181.0M7%
Jewelry$87.0M4%
Otherrevenue$38.0M2%

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