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Side-by-side financial comparison of APA Corporation (APA) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.2B, roughly 1.4× APA Corporation). APA Corporation runs the higher net margin — 15.0% vs 7.6%, a 7.4% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (-3.6% vs -24.3%). Over the past eight quarters, APA Corporation's revenue compounded faster (1.4% CAGR vs 1.2%).

APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

APA vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.4× larger
TAP
$3.1B
$2.2B
APA
Growing faster (revenue YoY)
TAP
TAP
+20.7% gap
TAP
-3.6%
-24.3%
APA
Higher net margin
APA
APA
7.4% more per $
APA
15.0%
7.6%
TAP
Faster 2-yr revenue CAGR
APA
APA
Annualised
APA
1.4%
1.2%
TAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APA
APA
TAP
TAP
Revenue
$2.2B
$3.1B
Net Profit
$331.0M
$238.3M
Gross Margin
31.0%
Operating Margin
32.5%
10.4%
Net Margin
15.0%
7.6%
Revenue YoY
-24.3%
-3.6%
Net Profit YoY
-22.1%
-17.2%
EPS (diluted)
$0.79
$1.32

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
TAP
TAP
Q4 25
$2.2B
$3.1B
Q3 25
$2.3B
$3.5B
Q2 25
$2.3B
$3.7B
Q1 25
$2.7B
$2.7B
Q4 24
$2.9B
$3.2B
Q3 24
$2.7B
$3.6B
Q2 24
$2.8B
$3.8B
Q1 24
$2.1B
$3.0B
Net Profit
APA
APA
TAP
TAP
Q4 25
$331.0M
$238.3M
Q3 25
$205.0M
$-2.9B
Q2 25
$603.0M
$428.7M
Q1 25
$418.0M
$121.0M
Q4 24
$425.0M
$287.8M
Q3 24
$-223.0M
$199.8M
Q2 24
$541.0M
$427.0M
Q1 24
$212.0M
$207.8M
Gross Margin
APA
APA
TAP
TAP
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Q1 24
31.6%
Operating Margin
APA
APA
TAP
TAP
Q4 25
32.5%
10.4%
Q3 25
33.7%
-98.5%
Q2 25
31.8%
15.6%
Q1 25
31.9%
6.9%
Q4 24
31.4%
12.0%
Q3 24
-5.2%
12.5%
Q2 24
34.4%
15.6%
Q1 24
32.2%
10.3%
Net Margin
APA
APA
TAP
TAP
Q4 25
15.0%
7.6%
Q3 25
9.0%
-84.0%
Q2 25
26.0%
11.5%
Q1 25
15.4%
4.5%
Q4 24
14.6%
8.9%
Q3 24
-8.1%
5.5%
Q2 24
19.0%
11.1%
Q1 24
9.9%
6.8%
EPS (diluted)
APA
APA
TAP
TAP
Q4 25
$0.79
$1.32
Q3 25
$0.57
$-14.79
Q2 25
$1.67
$2.13
Q1 25
$0.96
$0.59
Q4 24
$0.97
$1.39
Q3 24
$-0.60
$0.96
Q2 24
$1.46
$2.03
Q1 24
$0.44
$0.97

Balance Sheet & Financial Strength

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

Metric
APA
APA
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$516.0M
$896.5M
Total DebtLower is stronger
$4.3B
$6.3B
Stockholders' EquityBook value
$6.1B
$10.2B
Total Assets
$17.8B
$22.7B
Debt / EquityLower = less leverage
0.70×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APA
APA
TAP
TAP
Q4 25
$516.0M
$896.5M
Q3 25
$475.0M
$950.2M
Q2 25
$107.0M
$613.8M
Q1 25
$67.0M
$412.7M
Q4 24
$625.0M
$969.3M
Q3 24
$64.0M
$1.0B
Q2 24
$160.0M
$1.6B
Q1 24
$102.0M
$458.4M
Total Debt
APA
APA
TAP
TAP
Q4 25
$4.3B
$6.3B
Q3 25
$4.3B
$6.3B
Q2 25
$4.3B
$6.3B
Q1 25
$5.2B
$6.2B
Q4 24
$6.0B
$6.1B
Q3 24
$6.4B
$6.2B
Q2 24
$6.7B
$7.0B
Q1 24
$5.2B
$6.2B
Stockholders' Equity
APA
APA
TAP
TAP
Q4 25
$6.1B
$10.2B
Q3 25
$6.0B
$10.3B
Q2 25
$5.9B
$13.4B
Q1 25
$5.4B
$13.1B
Q4 24
$5.3B
$13.1B
Q3 24
$5.1B
$13.3B
Q2 24
$5.4B
$13.2B
Q1 24
$2.6B
$13.1B
Total Assets
APA
APA
TAP
TAP
Q4 25
$17.8B
$22.7B
Q3 25
$17.7B
$22.9B
Q2 25
$18.1B
$26.8B
Q1 25
$18.5B
$25.9B
Q4 24
$19.4B
$26.1B
Q3 24
$19.4B
$26.6B
Q2 24
$20.2B
$27.4B
Q1 24
$15.0B
$26.1B
Debt / Equity
APA
APA
TAP
TAP
Q4 25
0.70×
0.61×
Q3 25
0.72×
0.61×
Q2 25
0.73×
0.47×
Q1 25
0.96×
0.47×
Q4 24
1.13×
0.47×
Q3 24
1.25×
0.47×
Q2 24
1.24×
0.53×
Q1 24
1.99×
0.47×

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
TAP
TAP
Operating Cash FlowLast quarter
$808.0M
$540.7M
Free Cash FlowOCF − Capex
$357.8M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
2.44×
2.27×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APA
APA
TAP
TAP
Q4 25
$808.0M
$540.7M
Q3 25
$1.5B
$616.1M
Q2 25
$1.2B
$718.3M
Q1 25
$1.1B
$-90.7M
Q4 24
$1.0B
$494.5M
Q3 24
$1.3B
$521.2M
Q2 24
$877.0M
$869.2M
Q1 24
$368.0M
$25.4M
Free Cash Flow
APA
APA
TAP
TAP
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
Q1 24
$-189.3M
FCF Margin
APA
APA
TAP
TAP
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Q1 24
-6.2%
Capex Intensity
APA
APA
TAP
TAP
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Q1 24
7.0%
Cash Conversion
APA
APA
TAP
TAP
Q4 25
2.44×
2.27×
Q3 25
7.12×
Q2 25
1.96×
1.68×
Q1 25
2.62×
-0.75×
Q4 24
2.44×
1.72×
Q3 24
2.61×
Q2 24
1.62×
2.04×
Q1 24
1.74×
0.12×

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%

TAP
TAP

Segment breakdown not available.

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