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Side-by-side financial comparison of APA Corporation (APA) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.2B, roughly 1.8× Snowflake Inc.). APA Corporation runs the higher net margin — 15.0% vs -24.2%, a 39.2% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs -24.3%). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
APA vs SNOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.2B |
| Net Profit | $331.0M | $-294.0M |
| Gross Margin | — | 67.8% |
| Operating Margin | 32.5% | -27.2% |
| Net Margin | 15.0% | -24.2% |
| Revenue YoY | -24.3% | 28.7% |
| Net Profit YoY | -22.1% | 9.4% |
| EPS (diluted) | $0.79 | $-0.87 |
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 | $1.2B | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $2.3B | $1.0B | ||
| Q1 25 | $2.7B | $986.8M | ||
| Q4 24 | $2.9B | $942.1M | ||
| Q3 24 | $2.7B | $868.8M | ||
| Q2 24 | $2.8B | $828.7M | ||
| Q1 24 | $2.1B | $774.7M |
| Q4 25 | $331.0M | $-294.0M | ||
| Q3 25 | $205.0M | $-298.0M | ||
| Q2 25 | $603.0M | $-430.1M | ||
| Q1 25 | $418.0M | $-327.5M | ||
| Q4 24 | $425.0M | $-324.3M | ||
| Q3 24 | $-223.0M | $-316.9M | ||
| Q2 24 | $541.0M | $-317.0M | ||
| Q1 24 | $212.0M | $-169.4M |
| Q4 25 | — | 67.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 66.5% | ||
| Q1 25 | — | 66.2% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 66.8% | ||
| Q2 24 | — | 67.1% | ||
| Q1 24 | — | 68.8% |
| Q4 25 | 32.5% | -27.2% | ||
| Q3 25 | 33.7% | -29.7% | ||
| Q2 25 | 31.8% | -42.9% | ||
| Q1 25 | 31.9% | -39.2% | ||
| Q4 24 | 31.4% | -38.8% | ||
| Q3 24 | -5.2% | -40.9% | ||
| Q2 24 | 34.4% | -42.1% | ||
| Q1 24 | 32.2% | -35.6% |
| Q4 25 | 15.0% | -24.2% | ||
| Q3 25 | 9.0% | -26.0% | ||
| Q2 25 | 26.0% | -41.3% | ||
| Q1 25 | 15.4% | -33.2% | ||
| Q4 24 | 14.6% | -34.4% | ||
| Q3 24 | -8.1% | -36.5% | ||
| Q2 24 | 19.0% | -38.3% | ||
| Q1 24 | 9.9% | -21.9% |
| Q4 25 | $0.79 | $-0.87 | ||
| Q3 25 | $0.57 | $-0.89 | ||
| Q2 25 | $1.67 | $-1.29 | ||
| Q1 25 | $0.96 | $-0.98 | ||
| Q4 24 | $0.97 | $-0.98 | ||
| Q3 24 | $-0.60 | $-0.95 | ||
| Q2 24 | $1.46 | $-0.95 | ||
| Q1 24 | $0.44 | $-0.51 |
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 | $1.9B |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $6.1B | $2.1B |
| Total Assets | $17.8B | $8.2B |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $1.9B | ||
| Q3 25 | $475.0M | $1.9B | ||
| Q2 25 | $107.0M | $2.2B | ||
| Q1 25 | $67.0M | $2.6B | ||
| Q4 24 | $625.0M | $2.1B | ||
| Q3 24 | $64.0M | $1.3B | ||
| Q2 24 | $160.0M | $1.3B | ||
| Q1 24 | $102.0M | $1.8B |
| 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 | $2.1B | ||
| Q3 25 | $6.0B | $2.4B | ||
| Q2 25 | $5.9B | $2.4B | ||
| Q1 25 | $5.4B | $3.0B | ||
| Q4 24 | $5.3B | $2.9B | ||
| Q3 24 | $5.1B | $4.1B | ||
| Q2 24 | $5.4B | $4.6B | ||
| Q1 24 | $2.6B | $5.2B |
| Q4 25 | $17.8B | $8.2B | ||
| Q3 25 | $17.7B | $8.2B | ||
| Q2 25 | $18.1B | $8.2B | ||
| Q1 25 | $18.5B | $9.0B | ||
| Q4 24 | $19.4B | $8.2B | ||
| Q3 24 | $19.4B | $6.9B | ||
| Q2 24 | $20.2B | $7.3B | ||
| Q1 24 | $15.0B | $8.2B |
| 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 | $137.5M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $137.5M | ||
| Q3 25 | $1.5B | $74.9M | ||
| Q2 25 | $1.2B | $228.4M | ||
| Q1 25 | $1.1B | $432.7M | ||
| Q4 24 | $1.0B | $101.7M | ||
| Q3 24 | $1.3B | $69.9M | ||
| Q2 24 | $877.0M | $355.5M | ||
| Q1 24 | $368.0M | $344.6M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $58.2M | ||
| Q2 25 | — | $183.4M | ||
| Q1 25 | — | $421.4M | ||
| Q4 24 | — | $88.3M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | — | $338.9M | ||
| Q1 24 | — | $331.5M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | — | 42.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 2.44× | — | ||
| Q3 25 | 7.12× | — | ||
| Q2 25 | 1.96× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.62× | — | ||
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
