vs

Side-by-side financial comparison of APA Corporation (APA) and Teradyne (TER). Click either name above to swap in a different company.

APA Corporation is the larger business by last-quarter revenue ($2.3B vs $1.3B, roughly 1.8× Teradyne). Teradyne runs the higher net margin — 31.1% vs 19.2%, a 11.9% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs -11.7%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% 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.

Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.

APA vs TER — Head-to-Head

Bigger by revenue
APA
APA
1.8× larger
APA
$2.3B
$1.3B
TER
Growing faster (revenue YoY)
TER
TER
+98.8% gap
TER
87.0%
-11.7%
APA
Higher net margin
TER
TER
11.9% more per $
TER
31.1%
19.2%
APA
Faster 2-yr revenue CAGR
TER
TER
Annualised
TER
32.6%
-9.5%
APA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
APA
APA
TER
TER
Revenue
$2.3B
$1.3B
Net Profit
$446.0M
$398.9M
Gross Margin
60.9%
Operating Margin
36.9%
Net Margin
19.2%
31.1%
Revenue YoY
-11.7%
87.0%
Net Profit YoY
EPS (diluted)
$1.26
$2.53

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
TER
TER
Q1 26
$2.3B
$1.3B
Q4 25
$2.2B
$1.1B
Q3 25
$2.3B
$769.2M
Q2 25
$2.3B
$651.8M
Q1 25
$2.7B
$685.7M
Q4 24
$2.9B
$752.9M
Q3 24
$2.7B
$737.3M
Q2 24
$2.8B
$729.9M
Net Profit
APA
APA
TER
TER
Q1 26
$446.0M
$398.9M
Q4 25
$331.0M
$257.2M
Q3 25
$205.0M
$119.6M
Q2 25
$603.0M
$78.4M
Q1 25
$418.0M
$98.9M
Q4 24
$425.0M
$146.3M
Q3 24
$-223.0M
$145.6M
Q2 24
$541.0M
$186.3M
Gross Margin
APA
APA
TER
TER
Q1 26
60.9%
Q4 25
57.2%
Q3 25
58.4%
Q2 25
57.2%
Q1 25
60.6%
Q4 24
59.4%
Q3 24
59.2%
Q2 24
58.3%
Operating Margin
APA
APA
TER
TER
Q1 26
36.9%
Q4 25
32.5%
27.1%
Q3 25
33.7%
18.9%
Q2 25
31.8%
13.9%
Q1 25
31.9%
17.6%
Q4 24
31.4%
20.4%
Q3 24
-5.2%
20.6%
Q2 24
34.4%
28.8%
Net Margin
APA
APA
TER
TER
Q1 26
19.2%
31.1%
Q4 25
15.0%
23.7%
Q3 25
9.0%
15.5%
Q2 25
26.0%
12.0%
Q1 25
15.4%
14.4%
Q4 24
14.6%
19.4%
Q3 24
-8.1%
19.8%
Q2 24
19.0%
25.5%
EPS (diluted)
APA
APA
TER
TER
Q1 26
$1.26
$2.53
Q4 25
$0.79
$1.62
Q3 25
$0.57
$0.75
Q2 25
$1.67
$0.49
Q1 25
$0.96
$0.61
Q4 24
$0.97
$0.89
Q3 24
$-0.60
$0.89
Q2 24
$1.46
$1.14

Balance Sheet & Financial Strength

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

Metric
APA
APA
TER
TER
Cash + ST InvestmentsLiquidity on hand
$293.0K
$241.9M
Total DebtLower is stronger
$4.3M
$0
Stockholders' EquityBook value
Total Assets
$18.1M
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APA
APA
TER
TER
Q1 26
$293.0K
$241.9M
Q4 25
$516.0M
$293.8M
Q3 25
$475.0M
$272.7M
Q2 25
$107.0M
$339.3M
Q1 25
$67.0M
$475.6M
Q4 24
$625.0M
$553.4M
Q3 24
$64.0M
$510.0M
Q2 24
$160.0M
$421.9M
Total Debt
APA
APA
TER
TER
Q1 26
$4.3M
$0
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
Stockholders' Equity
APA
APA
TER
TER
Q1 26
Q4 25
$6.1B
$2.8B
Q3 25
$6.0B
$2.7B
Q2 25
$5.9B
$2.8B
Q1 25
$5.4B
$2.8B
Q4 24
$5.3B
$2.8B
Q3 24
$5.1B
$2.9B
Q2 24
$5.4B
$2.7B
Total Assets
APA
APA
TER
TER
Q1 26
$18.1M
$4.4B
Q4 25
$17.8B
$4.2B
Q3 25
$17.7B
$4.0B
Q2 25
$18.1B
$3.8B
Q1 25
$18.5B
$3.7B
Q4 24
$19.4B
$3.7B
Q3 24
$19.4B
$3.8B
Q2 24
$20.2B
$3.6B
Debt / Equity
APA
APA
TER
TER
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
TER
TER
Operating Cash FlowLast quarter
$554.0M
$265.1M
Free Cash FlowOCF − Capex
$477.0M
FCF MarginFCF / Revenue
20.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.24×
0.66×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APA
APA
TER
TER
Q1 26
$554.0M
$265.1M
Q4 25
$808.0M
$281.6M
Q3 25
$1.5B
$49.0M
Q2 25
$1.2B
$182.1M
Q1 25
$1.1B
$161.6M
Q4 24
$1.0B
$282.6M
Q3 24
$1.3B
$166.3M
Q2 24
$877.0M
$216.1M
Free Cash Flow
APA
APA
TER
TER
Q1 26
$477.0M
Q4 25
$218.8M
Q3 25
$2.4M
Q2 25
$131.7M
Q1 25
$97.6M
Q4 24
$225.2M
Q3 24
$114.4M
Q2 24
$171.2M
FCF Margin
APA
APA
TER
TER
Q1 26
20.5%
Q4 25
20.2%
Q3 25
0.3%
Q2 25
20.2%
Q1 25
14.2%
Q4 24
29.9%
Q3 24
15.5%
Q2 24
23.5%
Capex Intensity
APA
APA
TER
TER
Q1 26
Q4 25
5.8%
Q3 25
6.1%
Q2 25
7.7%
Q1 25
9.3%
Q4 24
7.6%
Q3 24
7.0%
Q2 24
6.1%
Cash Conversion
APA
APA
TER
TER
Q1 26
1.24×
0.66×
Q4 25
2.44×
1.09×
Q3 25
7.12×
0.41×
Q2 25
1.96×
2.32×
Q1 25
2.62×
1.63×
Q4 24
2.44×
1.93×
Q3 24
1.14×
Q2 24
1.62×
1.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APA
APA

Oil revenues$1.6B71%
Purchased oil and gas sales$385.0M17%
Natural gas revenues$157.0M7%
Natural gas liquids revenues$141.0M6%

TER
TER

Segment breakdown not available.

Related Comparisons