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Side-by-side financial comparison of APA Corporation (APA) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.6× SEALED AIR CORP). APA Corporation runs the higher net margin — 15.0% vs 3.1%, a 11.9% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs -24.3%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% 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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
APA vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.4B |
| Net Profit | $331.0M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | 32.5% | 11.4% |
| Net Margin | 15.0% | 3.1% |
| Revenue YoY | -24.3% | 2.6% |
| Net Profit YoY | -22.1% | 700.0% |
| EPS (diluted) | $0.79 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $2.9B | $1.4B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $2.8B | $1.3B | ||
| Q1 24 | $2.1B | $1.3B |
| Q4 25 | $331.0M | $43.8M | ||
| Q3 25 | $205.0M | $255.1M | ||
| Q2 25 | $603.0M | $93.1M | ||
| Q1 25 | $418.0M | $113.5M | ||
| Q4 24 | $425.0M | $-7.3M | ||
| Q3 24 | $-223.0M | $91.7M | ||
| Q2 24 | $541.0M | $98.3M | ||
| Q1 24 | $212.0M | $82.0M |
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
| Q4 25 | 32.5% | 11.4% | ||
| Q3 25 | 33.7% | 13.8% | ||
| Q2 25 | 31.8% | 15.0% | ||
| Q1 25 | 31.9% | 14.5% | ||
| Q4 24 | 31.4% | 11.7% | ||
| Q3 24 | -5.2% | 13.9% | ||
| Q2 24 | 34.4% | 15.4% | ||
| Q1 24 | 32.2% | 14.0% |
| Q4 25 | 15.0% | 3.1% | ||
| Q3 25 | 9.0% | 19.0% | ||
| Q2 25 | 26.0% | 7.0% | ||
| Q1 25 | 15.4% | 9.0% | ||
| Q4 24 | 14.6% | -0.5% | ||
| Q3 24 | -8.1% | 6.9% | ||
| Q2 24 | 19.0% | 7.4% | ||
| Q1 24 | 9.9% | 6.2% |
| Q4 25 | $0.79 | $0.30 | ||
| Q3 25 | $0.57 | $1.73 | ||
| Q2 25 | $1.67 | $0.63 | ||
| Q1 25 | $0.96 | $0.77 | ||
| Q4 24 | $0.97 | $-0.05 | ||
| Q3 24 | $-0.60 | $0.63 | ||
| Q2 24 | $1.46 | $0.67 | ||
| Q1 24 | $0.44 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $4.3B | $3.3B |
| Stockholders' EquityBook value | $6.1B | $1.2B |
| Total Assets | $17.8B | $7.0B |
| Debt / EquityLower = less leverage | 0.70× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $344.0M | ||
| Q3 25 | $475.0M | $282.5M | ||
| Q2 25 | $107.0M | $354.4M | ||
| Q1 25 | $67.0M | $335.2M | ||
| Q4 24 | $625.0M | $371.8M | ||
| Q3 24 | $64.0M | $386.0M | ||
| Q2 24 | $160.0M | $388.6M | ||
| Q1 24 | $102.0M | $352.8M |
| Q4 25 | $4.3B | $3.3B | ||
| Q3 25 | $4.3B | $4.0B | ||
| Q2 25 | $4.3B | $4.0B | ||
| Q1 25 | $5.2B | $4.2B | ||
| Q4 24 | $6.0B | $4.2B | ||
| Q3 24 | $6.4B | $4.3B | ||
| Q2 24 | $6.7B | $4.4B | ||
| Q1 24 | $5.2B | $4.5B |
| Q4 25 | $6.1B | $1.2B | ||
| Q3 25 | $6.0B | $1.2B | ||
| Q2 25 | $5.9B | $953.1M | ||
| Q1 25 | $5.4B | $797.9M | ||
| Q4 24 | $5.3B | $624.5M | ||
| Q3 24 | $5.1B | $771.2M | ||
| Q2 24 | $5.4B | $650.1M | ||
| Q1 24 | $2.6B | $598.3M |
| Q4 25 | $17.8B | $7.0B | ||
| Q3 25 | $17.7B | $7.1B | ||
| Q2 25 | $18.1B | $7.2B | ||
| Q1 25 | $18.5B | $7.0B | ||
| Q4 24 | $19.4B | $7.0B | ||
| Q3 24 | $19.4B | $7.3B | ||
| Q2 24 | $20.2B | $7.3B | ||
| Q1 24 | $15.0B | $7.2B |
| Q4 25 | 0.70× | 2.65× | ||
| Q3 25 | 0.72× | 3.34× | ||
| Q2 25 | 0.73× | 4.18× | ||
| Q1 25 | 0.96× | 5.26× | ||
| Q4 24 | 1.13× | 6.72× | ||
| Q3 24 | 1.25× | 5.62× | ||
| Q2 24 | 1.24× | 6.81× | ||
| Q1 24 | 1.99× | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | — | $257.7M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | 2.44× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $293.6M | ||
| Q3 25 | $1.5B | $165.9M | ||
| Q2 25 | $1.2B | $136.6M | ||
| Q1 25 | $1.1B | $31.9M | ||
| Q4 24 | $1.0B | $244.2M | ||
| Q3 24 | $1.3B | $170.5M | ||
| Q2 24 | $877.0M | $188.2M | ||
| Q1 24 | $368.0M | $125.1M |
| Q4 25 | — | $257.7M | ||
| Q3 25 | — | $119.6M | ||
| Q2 25 | — | $93.2M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | $185.1M | ||
| Q3 24 | — | $115.2M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $78.0M |
| Q4 25 | — | 18.5% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 3.6% |
| Q4 25 | 2.44× | 6.70× | ||
| Q3 25 | 7.12× | 0.65× | ||
| Q2 25 | 1.96× | 1.47× | ||
| Q1 25 | 2.62× | 0.28× | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | 1.62× | 1.91× | ||
| Q1 24 | 1.74× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
