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Side-by-side financial comparison of APA Corporation (APA) and SCOTTS MIRACLE-GRO CO (SMG). Click either name above to swap in a different company.

APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.5B, roughly 1.5× SCOTTS MIRACLE-GRO CO). SCOTTS MIRACLE-GRO CO runs the higher net margin — 16.3% vs 15.0%, a 1.4% gap on every dollar of revenue. On growth, SCOTTS MIRACLE-GRO CO posted the faster year-over-year revenue change (-16.9% vs -24.3%). Over the past eight quarters, SCOTTS MIRACLE-GRO CO's revenue compounded faster (10.2% 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.

The Scotts Miracle-Gro Company is an American multinational corporation headquartered in Marysville, Ohio, where O.M. Scott began selling lawn seed in 1868. The company manufactures and sells consumer lawn, garden and pest control products, as well as soilless indoor gardening equipment. In the U.S., the company manufactures Scotts, Miracle-Gro and Ortho brands. It also markets and distributes the herbicide Roundup in the U.S. and several international markets including China.

APA vs SMG — Head-to-Head

Bigger by revenue
APA
APA
1.5× larger
APA
$2.2B
$1.5B
SMG
Growing faster (revenue YoY)
SMG
SMG
+7.4% gap
SMG
-16.9%
-24.3%
APA
Higher net margin
SMG
SMG
1.4% more per $
SMG
16.3%
15.0%
APA
Faster 2-yr revenue CAGR
SMG
SMG
Annualised
SMG
10.2%
1.4%
APA

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
APA
APA
SMG
SMG
Revenue
$2.2B
$1.5B
Net Profit
$331.0M
$238.6M
Gross Margin
41.8%
Operating Margin
32.5%
27.5%
Net Margin
15.0%
16.3%
Revenue YoY
-24.3%
-16.9%
Net Profit YoY
-22.1%
61.2%
EPS (diluted)
$0.79
$-2.00

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
SMG
SMG
Q1 26
$1.5B
Q4 25
$2.2B
$354.4M
Q3 25
$2.3B
$387.3M
Q2 25
$2.3B
$1.2B
Q1 25
$2.7B
$1.4B
Q4 24
$2.9B
$416.8M
Q3 24
$2.7B
$414.7M
Q2 24
$2.8B
$1.2B
Net Profit
APA
APA
SMG
SMG
Q1 26
$238.6M
Q4 25
$331.0M
$-125.0M
Q3 25
$205.0M
Q2 25
$603.0M
$149.1M
Q1 25
$418.0M
$217.5M
Q4 24
$425.0M
$-69.5M
Q3 24
$-223.0M
Q2 24
$541.0M
$132.1M
Gross Margin
APA
APA
SMG
SMG
Q1 26
41.8%
Q4 25
25.0%
Q3 25
6.1%
Q2 25
31.8%
Q1 25
38.6%
Q4 24
22.7%
Q3 24
-7.1%
Q2 24
29.5%
Operating Margin
APA
APA
SMG
SMG
Q1 26
27.5%
Q4 25
32.5%
-6.2%
Q3 25
33.7%
-38.8%
Q2 25
31.8%
18.1%
Q1 25
31.9%
24.3%
Q4 24
31.4%
-12.2%
Q3 24
-5.2%
-52.1%
Q2 24
34.4%
16.6%
Net Margin
APA
APA
SMG
SMG
Q1 26
16.3%
Q4 25
15.0%
-35.3%
Q3 25
9.0%
Q2 25
26.0%
12.6%
Q1 25
15.4%
15.3%
Q4 24
14.6%
-16.7%
Q3 24
-8.1%
Q2 24
19.0%
11.0%
EPS (diluted)
APA
APA
SMG
SMG
Q1 26
$-2.00
Q4 25
$0.79
$-2.16
Q3 25
$0.57
$-2.58
Q2 25
$1.67
$2.54
Q1 25
$0.96
$3.72
Q4 24
$0.97
$-1.21
Q3 24
$-0.60
$-4.21
Q2 24
$1.46
$2.28

Balance Sheet & Financial Strength

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

Metric
APA
APA
SMG
SMG
Cash + ST InvestmentsLiquidity on hand
$516.0M
$6.2M
Total DebtLower is stronger
$4.3B
$2.3B
Stockholders' EquityBook value
$6.1B
Total Assets
$17.8B
$3.4B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APA
APA
SMG
SMG
Q1 26
$6.2M
Q4 25
$516.0M
$8.3M
Q3 25
$475.0M
$36.6M
Q2 25
$107.0M
$51.1M
Q1 25
$67.0M
$16.9M
Q4 24
$625.0M
$9.8M
Q3 24
$64.0M
$71.6M
Q2 24
$160.0M
$279.9M
Total Debt
APA
APA
SMG
SMG
Q1 26
$2.3B
Q4 25
$4.3B
Q3 25
$4.3B
$2.1B
Q2 25
$4.3B
Q1 25
$5.2B
Q4 24
$6.0B
Q3 24
$6.4B
$2.2B
Q2 24
$6.7B
Stockholders' Equity
APA
APA
SMG
SMG
Q1 26
Q4 25
$6.1B
$-500.6M
Q3 25
$6.0B
$-357.5M
Q2 25
$5.9B
$-170.9M
Q1 25
$5.4B
$-290.1M
Q4 24
$5.3B
$-479.5M
Q3 24
$5.1B
$-390.6M
Q2 24
$5.4B
$-146.2M
Total Assets
APA
APA
SMG
SMG
Q1 26
$3.4B
Q4 25
$17.8B
$3.0B
Q3 25
$17.7B
$2.7B
Q2 25
$18.1B
$3.1B
Q1 25
$18.5B
$3.5B
Q4 24
$19.4B
$3.2B
Q3 24
$19.4B
$2.9B
Q2 24
$20.2B
$3.5B
Debt / Equity
APA
APA
SMG
SMG
Q1 26
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×

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
SMG
SMG
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.

Operating Cash Flow
APA
APA
SMG
SMG
Q1 26
Q4 25
$808.0M
$-370.4M
Q3 25
$1.5B
$174.1M
Q2 25
$1.2B
$454.4M
Q1 25
$1.1B
$188.1M
Q4 24
$1.0B
$-445.3M
Q3 24
$1.3B
$118.5M
Q2 24
$877.0M
$588.0M
Free Cash Flow
APA
APA
SMG
SMG
Q1 26
Q4 25
$-390.4M
Q3 25
$131.2M
Q2 25
$437.5M
Q1 25
$179.8M
Q4 24
$-474.6M
Q3 24
$101.9M
Q2 24
$574.8M
FCF Margin
APA
APA
SMG
SMG
Q1 26
Q4 25
-110.2%
Q3 25
33.9%
Q2 25
36.8%
Q1 25
12.7%
Q4 24
-113.9%
Q3 24
24.6%
Q2 24
47.8%
Capex Intensity
APA
APA
SMG
SMG
Q1 26
Q4 25
5.6%
Q3 25
11.1%
Q2 25
1.4%
Q1 25
0.6%
Q4 24
7.0%
Q3 24
4.0%
Q2 24
1.1%
Cash Conversion
APA
APA
SMG
SMG
Q1 26
Q4 25
2.44×
Q3 25
7.12×
Q2 25
1.96×
3.05×
Q1 25
2.62×
0.86×
Q4 24
2.44×
Q3 24
Q2 24
1.62×
4.45×

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%

SMG
SMG

Segment breakdown not available.

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