vs
Side-by-side financial comparison of APA Corporation (APA) and Toast, Inc. (TOST). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.6B, roughly 1.4× Toast, Inc.). APA Corporation runs the higher net margin — 15.0% vs 6.2%, a 8.8% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -24.3%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
APA vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.6B |
| Net Profit | $331.0M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 32.5% | 5.2% |
| Net Margin | 15.0% | 6.2% |
| Revenue YoY | -24.3% | 22.0% |
| Net Profit YoY | -22.1% | 215.6% |
| EPS (diluted) | $0.79 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.3B | $1.6B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $2.9B | $1.3B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $2.8B | $1.2B | ||
| Q1 24 | $2.1B | $1.1B |
| Q4 25 | $331.0M | $101.0M | ||
| Q3 25 | $205.0M | $105.0M | ||
| Q2 25 | $603.0M | $80.0M | ||
| Q1 25 | $418.0M | $56.0M | ||
| Q4 24 | $425.0M | $32.0M | ||
| Q3 24 | $-223.0M | $56.0M | ||
| Q2 24 | $541.0M | $14.0M | ||
| Q1 24 | $212.0M | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
| Q4 25 | 32.5% | 5.2% | ||
| Q3 25 | 33.7% | 5.1% | ||
| Q2 25 | 31.8% | 5.2% | ||
| Q1 25 | 31.9% | 3.2% | ||
| Q4 24 | 31.4% | 2.5% | ||
| Q3 24 | -5.2% | 2.6% | ||
| Q2 24 | 34.4% | 0.4% | ||
| Q1 24 | 32.2% | -5.2% |
| Q4 25 | 15.0% | 6.2% | ||
| Q3 25 | 9.0% | 6.4% | ||
| Q2 25 | 26.0% | 5.2% | ||
| Q1 25 | 15.4% | 4.2% | ||
| Q4 24 | 14.6% | 2.4% | ||
| Q3 24 | -8.1% | 4.3% | ||
| Q2 24 | 19.0% | 1.1% | ||
| Q1 24 | 9.9% | -7.7% |
| Q4 25 | $0.79 | $0.18 | ||
| Q3 25 | $0.57 | $0.16 | ||
| Q2 25 | $1.67 | $0.13 | ||
| Q1 25 | $0.96 | $0.09 | ||
| Q4 24 | $0.97 | $0.09 | ||
| Q3 24 | $-0.60 | $0.07 | ||
| Q2 24 | $1.46 | $0.02 | ||
| Q1 24 | $0.44 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $6.1B | $2.1B |
| Total Assets | $17.8B | $3.1B |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $1.4B | ||
| Q3 25 | $475.0M | $1.4B | ||
| Q2 25 | $107.0M | $1.2B | ||
| Q1 25 | $67.0M | $1.0B | ||
| Q4 24 | $625.0M | $903.0M | ||
| Q3 24 | $64.0M | $761.0M | ||
| Q2 24 | $160.0M | $691.0M | ||
| Q1 24 | $102.0M | $578.0M |
| 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 | $2.1B | ||
| Q3 25 | $6.0B | $2.0B | ||
| Q2 25 | $5.9B | $1.8B | ||
| Q1 25 | $5.4B | $1.7B | ||
| Q4 24 | $5.3B | $1.5B | ||
| Q3 24 | $5.1B | $1.4B | ||
| Q2 24 | $5.4B | $1.3B | ||
| Q1 24 | $2.6B | $1.2B |
| Q4 25 | $17.8B | $3.1B | ||
| Q3 25 | $17.7B | $3.0B | ||
| Q2 25 | $18.1B | $2.8B | ||
| Q1 25 | $18.5B | $2.6B | ||
| Q4 24 | $19.4B | $2.4B | ||
| Q3 24 | $19.4B | $2.2B | ||
| Q2 24 | $20.2B | $2.2B | ||
| Q1 24 | $15.0B | $2.1B |
| 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 | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $194.0M | ||
| Q3 25 | $1.5B | $165.0M | ||
| Q2 25 | $1.2B | $223.0M | ||
| Q1 25 | $1.1B | $79.0M | ||
| Q4 24 | $1.0B | $147.0M | ||
| Q3 24 | $1.3B | $109.0M | ||
| Q2 24 | $877.0M | $124.0M | ||
| Q1 24 | $368.0M | $-20.0M |
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $153.0M | ||
| Q2 25 | — | $208.0M | ||
| Q1 25 | — | $69.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $108.0M | ||
| Q1 24 | — | $-33.0M |
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 2.44× | 1.92× | ||
| Q3 25 | 7.12× | 1.57× | ||
| Q2 25 | 1.96× | 2.79× | ||
| Q1 25 | 2.62× | 1.41× | ||
| Q4 24 | 2.44× | 4.59× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | 1.62× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
