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Side-by-side financial comparison of APA Corporation (APA) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.3B vs $1.4B, roughly 1.6× SELECT MEDICAL HOLDINGS CORP). APA Corporation runs the higher net margin — 19.2% vs 4.5%, a 14.7% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (5.0% vs -11.7%). Over the past eight quarters, SELECT MEDICAL HOLDINGS CORP's revenue compounded faster (5.3% CAGR vs -9.5%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
APA vs SEM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.4B |
| Net Profit | $446.0M | $63.8M |
| Gross Margin | — | — |
| Operating Margin | — | 6.9% |
| Net Margin | 19.2% | 4.5% |
| Revenue YoY | -11.7% | 5.0% |
| Net Profit YoY | — | -14.7% |
| EPS (diluted) | $1.26 | $0.35 |
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 | $1.4B | ||
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $2.9B | $1.3B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $2.8B | $1.3B |
| Q1 26 | $446.0M | $63.8M | ||
| Q4 25 | $331.0M | $20.2M | ||
| Q3 25 | $205.0M | $28.8M | ||
| Q2 25 | $603.0M | $40.6M | ||
| Q1 25 | $418.0M | $56.7M | ||
| Q4 24 | $425.0M | $-16.1M | ||
| Q3 24 | $-223.0M | $55.6M | ||
| Q2 24 | $541.0M | $77.6M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 32.5% | 4.6% | ||
| Q3 25 | 33.7% | 5.4% | ||
| Q2 25 | 31.8% | 6.5% | ||
| Q1 25 | 31.9% | 8.3% | ||
| Q4 24 | 31.4% | 1.6% | ||
| Q3 24 | -5.2% | 4.3% | ||
| Q2 24 | 34.4% | 5.8% |
| Q1 26 | 19.2% | 4.5% | ||
| Q4 25 | 15.0% | 1.4% | ||
| Q3 25 | 9.0% | 2.1% | ||
| Q2 25 | 26.0% | 3.0% | ||
| Q1 25 | 15.4% | 4.2% | ||
| Q4 24 | 14.6% | -1.2% | ||
| Q3 24 | -8.1% | 4.4% | ||
| Q2 24 | 19.0% | 6.1% |
| Q1 26 | $1.26 | $0.35 | ||
| Q4 25 | $0.79 | $0.17 | ||
| Q3 25 | $0.57 | $0.23 | ||
| Q2 25 | $1.67 | $0.32 | ||
| Q1 25 | $0.96 | $0.44 | ||
| Q4 24 | $0.97 | $-0.12 | ||
| Q3 24 | $-0.60 | $0.43 | ||
| Q2 24 | $1.46 | $0.60 |
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 | $25.7M |
| Total DebtLower is stronger | $4.3M | $1.8B |
| Stockholders' EquityBook value | — | $2.1B |
| Total Assets | $18.1M | $6.0B |
| Debt / EquityLower = less leverage | — | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $293.0K | $25.7M | ||
| Q4 25 | $516.0M | $26.5M | ||
| Q3 25 | $475.0M | $60.1M | ||
| Q2 25 | $107.0M | $52.3M | ||
| Q1 25 | $67.0M | $53.2M | ||
| Q4 24 | $625.0M | $59.7M | ||
| Q3 24 | $64.0M | $191.5M | ||
| Q2 24 | $160.0M | $111.2M |
| Q1 26 | $4.3M | $1.8B | ||
| Q4 25 | $4.3B | $1.8B | ||
| Q3 25 | $4.3B | $1.7B | ||
| Q2 25 | $4.3B | $1.8B | ||
| Q1 25 | $5.2B | $1.8B | ||
| Q4 24 | $6.0B | $1.7B | ||
| Q3 24 | $6.4B | $3.1B | ||
| Q2 24 | $6.7B | $3.6B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $6.1B | $1.7B | ||
| Q3 25 | $6.0B | $1.7B | ||
| Q2 25 | $5.9B | $1.7B | ||
| Q1 25 | $5.4B | $1.7B | ||
| Q4 24 | $5.3B | $1.7B | ||
| Q3 24 | $5.1B | $1.9B | ||
| Q2 24 | $5.4B | $1.4B |
| Q1 26 | $18.1M | $6.0B | ||
| Q4 25 | $17.8B | $5.9B | ||
| Q3 25 | $17.7B | $5.7B | ||
| Q2 25 | $18.1B | $5.7B | ||
| Q1 25 | $18.5B | $5.7B | ||
| Q4 24 | $19.4B | $5.6B | ||
| Q3 24 | $19.4B | $8.0B | ||
| Q2 24 | $20.2B | $7.9B |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 0.70× | 1.06× | ||
| Q3 25 | 0.72× | 1.03× | ||
| Q2 25 | 0.73× | 1.10× | ||
| Q1 25 | 0.96× | 1.03× | ||
| Q4 24 | 1.13× | 1.01× | ||
| Q3 24 | 1.25× | 1.62× | ||
| Q2 24 | 1.24× | 2.54× |
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 | — |
| Free Cash FlowOCF − Capex | $477.0M | — |
| FCF MarginFCF / Revenue | 20.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.24× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $554.0M | — | ||
| Q4 25 | $808.0M | $64.3M | ||
| Q3 25 | $1.5B | $175.3M | ||
| Q2 25 | $1.2B | $110.3M | ||
| Q1 25 | $1.1B | $-3.5M | ||
| Q4 24 | $1.0B | $125.4M | ||
| Q3 24 | $1.3B | $181.0M | ||
| Q2 24 | $877.0M | $278.2M |
| Q1 26 | $477.0M | — | ||
| Q4 25 | — | $5.2M | ||
| Q3 25 | — | $122.2M | ||
| Q2 25 | — | $45.6M | ||
| Q1 25 | — | $-55.8M | ||
| Q4 24 | — | $62.0M | ||
| Q3 24 | — | $130.3M | ||
| Q2 24 | — | $222.6M |
| Q1 26 | 20.5% | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | -4.1% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | 1.24× | — | ||
| Q4 25 | 2.44× | 3.19× | ||
| Q3 25 | 7.12× | 6.09× | ||
| Q2 25 | 1.96× | 2.72× | ||
| Q1 25 | 2.62× | -0.06× | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | 3.25× | ||
| Q2 24 | 1.62× | 3.59× |
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% |
SEM
Segment breakdown not available.
