vs
Side-by-side financial comparison of APA Corporation (APA) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $2.2B, roughly 1.7× APA Corporation). SHOPIFY INC. runs the higher net margin — 20.2% vs 15.0%, a 5.2% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs -24.3%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% 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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
APA vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $3.7B |
| Net Profit | $331.0M | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | 32.5% | 17.2% |
| Net Margin | 15.0% | 20.2% |
| Revenue YoY | -24.3% | 30.6% |
| Net Profit YoY | -22.1% | -42.5% |
| EPS (diluted) | $0.79 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $2.3B | $2.8B | ||
| Q2 25 | $2.3B | $2.7B | ||
| Q1 25 | $2.7B | $2.4B | ||
| Q4 24 | $2.9B | $2.8B | ||
| Q3 24 | $2.7B | $2.2B | ||
| Q2 24 | $2.8B | $2.0B | ||
| Q1 24 | $2.1B | $1.9B |
| Q4 25 | $331.0M | $743.0M | ||
| Q3 25 | $205.0M | $264.0M | ||
| Q2 25 | $603.0M | $906.0M | ||
| Q1 25 | $418.0M | $-682.0M | ||
| Q4 24 | $425.0M | $1.3B | ||
| Q3 24 | $-223.0M | $828.0M | ||
| Q2 24 | $541.0M | $171.0M | ||
| Q1 24 | $212.0M | $-273.0M |
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% | ||
| Q1 24 | — | 51.4% |
| Q4 25 | 32.5% | 17.2% | ||
| Q3 25 | 33.7% | 12.1% | ||
| Q2 25 | 31.8% | 10.9% | ||
| Q1 25 | 31.9% | 8.6% | ||
| Q4 24 | 31.4% | 16.5% | ||
| Q3 24 | -5.2% | 13.1% | ||
| Q2 24 | 34.4% | 11.8% | ||
| Q1 24 | 32.2% | 4.6% |
| Q4 25 | 15.0% | 20.2% | ||
| Q3 25 | 9.0% | 9.3% | ||
| Q2 25 | 26.0% | 33.8% | ||
| Q1 25 | 15.4% | -28.9% | ||
| Q4 24 | 14.6% | 46.0% | ||
| Q3 24 | -8.1% | 38.3% | ||
| Q2 24 | 19.0% | 8.4% | ||
| Q1 24 | 9.9% | -14.7% |
| Q4 25 | $0.79 | $0.58 | ||
| Q3 25 | $0.57 | $0.20 | ||
| Q2 25 | $1.67 | $0.69 | ||
| Q1 25 | $0.96 | $-0.53 | ||
| Q4 24 | $0.97 | $0.99 | ||
| Q3 24 | $-0.60 | $0.64 | ||
| Q2 24 | $1.46 | $0.13 | ||
| Q1 24 | $0.44 | $-0.21 |
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 | $5.8B |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $6.1B | $13.5B |
| Total Assets | $17.8B | $15.2B |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $5.8B | ||
| Q3 25 | $475.0M | $6.3B | ||
| Q2 25 | $107.0M | $5.8B | ||
| Q1 25 | $67.0M | $5.5B | ||
| Q4 24 | $625.0M | $5.5B | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | $160.0M | — | ||
| Q1 24 | $102.0M | — |
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $5.2B | — |
| Q4 25 | $6.1B | $13.5B | ||
| Q3 25 | $6.0B | $12.5B | ||
| Q2 25 | $5.9B | $12.1B | ||
| Q1 25 | $5.4B | $11.1B | ||
| Q4 24 | $5.3B | $11.6B | ||
| Q3 24 | $5.1B | $10.1B | ||
| Q2 24 | $5.4B | $9.2B | ||
| Q1 24 | $2.6B | $8.9B |
| Q4 25 | $17.8B | $15.2B | ||
| Q3 25 | $17.7B | $15.0B | ||
| Q2 25 | $18.1B | $14.6B | ||
| Q1 25 | $18.5B | $13.4B | ||
| Q4 24 | $19.4B | $13.9B | ||
| Q3 24 | $19.4B | — | ||
| Q2 24 | $20.2B | — | ||
| Q1 24 | $15.0B | — |
| Q4 25 | 0.70× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.99× | — |
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 | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 2.44× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $725.0M | ||
| Q3 25 | $1.5B | $513.0M | ||
| Q2 25 | $1.2B | $428.0M | ||
| Q1 25 | $1.1B | $367.0M | ||
| Q4 24 | $1.0B | $615.0M | ||
| Q3 24 | $1.3B | $423.0M | ||
| Q2 24 | $877.0M | $340.0M | ||
| Q1 24 | $368.0M | $238.0M |
| Q4 25 | — | $715.0M | ||
| Q3 25 | — | $507.0M | ||
| Q2 25 | — | $422.0M | ||
| Q1 25 | — | $363.0M | ||
| Q4 24 | — | $611.0M | ||
| Q3 24 | — | $421.0M | ||
| Q2 24 | — | $333.0M | ||
| Q1 24 | — | $232.0M |
| Q4 25 | — | 19.5% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 12.5% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 2.44× | 0.98× | ||
| Q3 25 | 7.12× | 1.94× | ||
| Q2 25 | 1.96× | 0.47× | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | 1.62× | 1.99× | ||
| Q1 24 | 1.74× | — |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
