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Side-by-side financial comparison of APA Corporation (APA) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $2.2B, roughly 1.0× RENAISSANCERE HOLDINGS LTD). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs 15.0%, a 8.5% gap on every dollar of revenue. On growth, APA Corporation posted the faster year-over-year revenue change (-24.3% vs -36.8%). Over the past eight quarters, APA Corporation's revenue compounded faster (1.4% CAGR vs -11.9%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
APA vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.2B |
| Net Profit | $331.0M | $515.8M |
| Gross Margin | — | — |
| Operating Margin | 32.5% | — |
| Net Margin | 15.0% | 23.5% |
| Revenue YoY | -24.3% | -36.8% |
| Net Profit YoY | -22.1% | 72.6% |
| EPS (diluted) | $0.79 | $6.57 |
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 | — | $2.2B | ||
| Q4 25 | $2.2B | $3.0B | ||
| Q3 25 | $2.3B | $3.2B | ||
| Q2 25 | $2.3B | $3.2B | ||
| Q1 25 | $2.7B | $3.5B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $2.7B | $4.0B | ||
| Q2 24 | $2.8B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $331.0M | $760.5M | ||
| Q3 25 | $205.0M | $916.5M | ||
| Q2 25 | $603.0M | $835.4M | ||
| Q1 25 | $418.0M | $170.0M | ||
| Q4 24 | $425.0M | $-189.7M | ||
| Q3 24 | $-223.0M | $1.2B | ||
| Q2 24 | $541.0M | $503.9M |
| Q1 26 | — | — | ||
| Q4 25 | 32.5% | 42.5% | ||
| Q3 25 | 33.7% | 46.3% | ||
| Q2 25 | 31.8% | 41.8% | ||
| Q1 25 | 31.9% | -2.0% | ||
| Q4 24 | 31.4% | -3.6% | ||
| Q3 24 | -5.2% | 43.7% | ||
| Q2 24 | 34.4% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | 15.0% | 25.6% | ||
| Q3 25 | 9.0% | 28.7% | ||
| Q2 25 | 26.0% | 26.1% | ||
| Q1 25 | 15.4% | 4.9% | ||
| Q4 24 | 14.6% | -8.3% | ||
| Q3 24 | -8.1% | 29.8% | ||
| Q2 24 | 19.0% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.79 | $16.16 | ||
| Q3 25 | $0.57 | $19.40 | ||
| Q2 25 | $1.67 | $17.20 | ||
| Q1 25 | $0.96 | $3.27 | ||
| Q4 24 | $0.97 | $-3.76 | ||
| Q3 24 | $-0.60 | $22.62 | ||
| Q2 24 | $1.46 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $6.1B | $4.3B |
| Total Assets | $17.8B | $53.7B |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $516.0M | $1.7B | ||
| Q3 25 | $475.0M | $1.7B | ||
| Q2 25 | $107.0M | $1.4B | ||
| Q1 25 | $67.0M | $1.6B | ||
| Q4 24 | $625.0M | $1.7B | ||
| Q3 24 | $64.0M | $1.6B | ||
| Q2 24 | $160.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $2.3B | ||
| Q3 25 | $4.3B | $2.2B | ||
| Q2 25 | $4.3B | $2.3B | ||
| Q1 25 | $5.2B | $2.8B | ||
| Q4 24 | $6.0B | $1.9B | ||
| Q3 24 | $6.4B | $1.9B | ||
| Q2 24 | $6.7B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $6.1B | $11.6B | ||
| Q3 25 | $6.0B | $11.5B | ||
| Q2 25 | $5.9B | $10.8B | ||
| Q1 25 | $5.4B | $10.3B | ||
| Q4 24 | $5.3B | $10.6B | ||
| Q3 24 | $5.1B | $11.2B | ||
| Q2 24 | $5.4B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $17.8B | $53.8B | ||
| Q3 25 | $17.7B | $54.5B | ||
| Q2 25 | $18.1B | $54.7B | ||
| Q1 25 | $18.5B | $53.6B | ||
| Q4 24 | $19.4B | $50.7B | ||
| Q3 24 | $19.4B | $52.8B | ||
| Q2 24 | $20.2B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.70× | 0.20× | ||
| Q3 25 | 0.72× | 0.19× | ||
| Q2 25 | 0.73× | 0.21× | ||
| Q1 25 | 0.96× | 0.27× | ||
| Q4 24 | 1.13× | 0.18× | ||
| Q3 24 | 1.25× | 0.17× | ||
| Q2 24 | 1.24× | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $808.0M | $483.0M | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.1B | $157.8M | ||
| Q4 24 | $1.0B | $778.9M | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $877.0M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 0.64× | ||
| Q3 25 | 7.12× | 1.73× | ||
| Q2 25 | 1.96× | 1.76× | ||
| Q1 25 | 2.62× | 0.93× | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | 1.62× | 2.41× |
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% |
RNR
Segment breakdown not available.
