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Side-by-side financial comparison of APA Corporation (APA) and UGI CORP (UGI). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $2.1B, roughly 1.1× UGI CORP). APA Corporation runs the higher net margin — 15.0% vs 14.4%, a 0.6% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (3.9% vs -24.3%). Over the past eight quarters, APA Corporation's revenue compounded faster (1.4% CAGR vs -7.5%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
APA vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.1B |
| Net Profit | $331.0M | $297.0M |
| Gross Margin | — | — |
| Operating Margin | 32.5% | 22.0% |
| Net Margin | 15.0% | 14.4% |
| Revenue YoY | -24.3% | 3.9% |
| Net Profit YoY | -22.1% | -20.8% |
| EPS (diluted) | $0.79 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.3B | $1.4B | ||
| Q1 25 | $2.7B | $2.6B | ||
| Q4 24 | $2.9B | $2.0B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.8B | $1.4B | ||
| Q1 24 | $2.1B | $2.4B |
| Q4 25 | $331.0M | $297.0M | ||
| Q3 25 | $205.0M | $-13.0M | ||
| Q2 25 | $603.0M | $-163.0M | ||
| Q1 25 | $418.0M | $479.0M | ||
| Q4 24 | $425.0M | $375.0M | ||
| Q3 24 | $-223.0M | $-273.0M | ||
| Q2 24 | $541.0M | $-48.0M | ||
| Q1 24 | $212.0M | $496.0M |
| Q4 25 | 32.5% | 22.0% | ||
| Q3 25 | 33.7% | 1.1% | ||
| Q2 25 | 31.8% | -6.8% | ||
| Q1 25 | 31.9% | 26.6% | ||
| Q4 24 | 31.4% | 24.5% | ||
| Q3 24 | -5.2% | -20.4% | ||
| Q2 24 | 34.4% | 5.0% | ||
| Q1 24 | 32.2% | 29.7% |
| Q4 25 | 15.0% | 14.4% | ||
| Q3 25 | 9.0% | -1.1% | ||
| Q2 25 | 26.0% | -12.0% | ||
| Q1 25 | 15.4% | 18.2% | ||
| Q4 24 | 14.6% | 18.9% | ||
| Q3 24 | -8.1% | -22.6% | ||
| Q2 24 | 19.0% | -3.6% | ||
| Q1 24 | 9.9% | 20.6% |
| Q4 25 | $0.79 | $1.34 | ||
| Q3 25 | $0.57 | $-0.08 | ||
| Q2 25 | $1.67 | $-0.76 | ||
| Q1 25 | $0.96 | $2.19 | ||
| Q4 24 | $0.97 | $1.74 | ||
| Q3 24 | $-0.60 | $-1.26 | ||
| Q2 24 | $1.46 | $-0.23 | ||
| Q1 24 | $0.44 | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | $4.3B | $6.0B |
| Stockholders' EquityBook value | $6.1B | $5.0B |
| Total Assets | $17.8B | $15.8B |
| Debt / EquityLower = less leverage | 0.70× | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $251.0M | ||
| Q3 25 | $475.0M | $335.0M | ||
| Q2 25 | $107.0M | $350.0M | ||
| Q1 25 | $67.0M | $426.0M | ||
| Q4 24 | $625.0M | $240.0M | ||
| Q3 24 | $64.0M | $213.0M | ||
| Q2 24 | $160.0M | $183.0M | ||
| Q1 24 | $102.0M | $263.0M |
| Q4 25 | $4.3B | $6.0B | ||
| Q3 25 | $4.3B | $6.5B | ||
| Q2 25 | $4.3B | $5.7B | ||
| Q1 25 | $5.2B | $6.6B | ||
| Q4 24 | $6.0B | $6.6B | ||
| Q3 24 | $6.4B | $6.4B | ||
| Q2 24 | $6.7B | $6.3B | ||
| Q1 24 | $5.2B | $6.7B |
| Q4 25 | $6.1B | $5.0B | ||
| Q3 25 | $6.0B | $4.8B | ||
| Q2 25 | $5.9B | $4.9B | ||
| Q1 25 | $5.4B | $5.0B | ||
| Q4 24 | $5.3B | $4.6B | ||
| Q3 24 | $5.1B | $4.3B | ||
| Q2 24 | $5.4B | $4.7B | ||
| Q1 24 | $2.6B | $4.8B |
| Q4 25 | $17.8B | $15.8B | ||
| Q3 25 | $17.7B | $15.5B | ||
| Q2 25 | $18.1B | $15.4B | ||
| Q1 25 | $18.5B | $15.7B | ||
| Q4 24 | $19.4B | $15.4B | ||
| Q3 24 | $19.4B | $15.1B | ||
| Q2 24 | $20.2B | $15.1B | ||
| Q1 24 | $15.0B | $15.6B |
| Q4 25 | 0.70× | 1.19× | ||
| Q3 25 | 0.72× | 1.37× | ||
| Q2 25 | 0.73× | 1.17× | ||
| Q1 25 | 0.96× | 1.32× | ||
| Q4 24 | 1.13× | 1.44× | ||
| Q3 24 | 1.25× | 1.48× | ||
| Q2 24 | 1.24× | 1.34× | ||
| Q1 24 | 1.99× | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | — | $-155.0M |
| FCF MarginFCF / Revenue | — | -7.5% |
| Capex IntensityCapex / Revenue | — | 10.7% |
| Cash ConversionOCF / Net Profit | 2.44× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $66.0M | ||
| Q3 25 | $1.5B | $90.0M | ||
| Q2 25 | $1.2B | $289.0M | ||
| Q1 25 | $1.1B | $684.0M | ||
| Q4 24 | $1.0B | $164.0M | ||
| Q3 24 | $1.3B | $151.0M | ||
| Q2 24 | $877.0M | $390.0M | ||
| Q1 24 | $368.0M | $522.0M |
| Q4 25 | — | $-155.0M | ||
| Q3 25 | — | $-168.0M | ||
| Q2 25 | — | $67.0M | ||
| Q1 25 | — | $538.0M | ||
| Q4 24 | — | $-47.0M | ||
| Q3 24 | — | $-115.0M | ||
| Q2 24 | — | $185.0M | ||
| Q1 24 | — | $353.0M |
| Q4 25 | — | -7.5% | ||
| Q3 25 | — | -14.4% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | -2.4% | ||
| Q3 24 | — | -9.5% | ||
| Q2 24 | — | 13.7% | ||
| Q1 24 | — | 14.6% |
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | 2.44× | 0.22× | ||
| Q3 25 | 7.12× | — | ||
| Q2 25 | 1.96× | — | ||
| Q1 25 | 2.62× | 1.43× | ||
| Q4 24 | 2.44× | 0.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.74× | 1.05× |
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% |
UGI
Segment breakdown not available.
