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Side-by-side financial comparison of APA Corporation (APA) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.
Viking Holdings Ltd is the larger business by last-quarter revenue ($4.0B vs $2.2B, roughly 1.8× APA Corporation). APA Corporation runs the higher net margin — 15.0% vs 12.9%, a 2.1% gap on every dollar of revenue.
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
APA vs VIK — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $4.0B |
| Net Profit | $331.0M | $514.0M |
| Gross Margin | — | 73.4% |
| Operating Margin | 32.5% | 15.2% |
| Net Margin | 15.0% | 12.9% |
| Revenue YoY | -24.3% | — |
| Net Profit YoY | -22.1% | 35.4% |
| EPS (diluted) | $0.79 | $1.15 |
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 | — | ||
| Q3 25 | $2.3B | $4.0B | ||
| Q2 25 | $2.3B | $2.3B | ||
| Q1 25 | $2.7B | $718.2M | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.7B | $3.6B | ||
| Q2 24 | $2.8B | $2.1B | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $331.0M | — | ||
| Q3 25 | $205.0M | $514.0M | ||
| Q2 25 | $603.0M | $439.2M | ||
| Q1 25 | $418.0M | $-105.5M | ||
| Q4 24 | $425.0M | — | ||
| Q3 24 | $-223.0M | $379.7M | ||
| Q2 24 | $541.0M | $159.8M | ||
| Q1 24 | $212.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 73.4% | ||
| Q2 25 | — | 55.7% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 74.7% | ||
| Q2 24 | — | 57.8% | ||
| Q1 24 | — | — |
| Q4 25 | 32.5% | — | ||
| Q3 25 | 33.7% | 15.2% | ||
| Q2 25 | 31.8% | 23.7% | ||
| Q1 25 | 31.9% | -1.3% | ||
| Q4 24 | 31.4% | — | ||
| Q3 24 | -5.2% | 13.6% | ||
| Q2 24 | 34.4% | 20.5% | ||
| Q1 24 | 32.2% | — |
| Q4 25 | 15.0% | — | ||
| Q3 25 | 9.0% | 12.9% | ||
| Q2 25 | 26.0% | 19.1% | ||
| Q1 25 | 15.4% | -14.7% | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | -8.1% | 10.6% | ||
| Q2 24 | 19.0% | 7.7% | ||
| Q1 24 | 9.9% | — |
| Q4 25 | $0.79 | — | ||
| Q3 25 | $0.57 | $1.15 | ||
| Q2 25 | $1.67 | $0.99 | ||
| Q1 25 | $0.96 | $-0.24 | ||
| Q4 24 | $0.97 | — | ||
| Q3 24 | $-0.60 | $0.87 | ||
| Q2 24 | $1.46 | $0.38 | ||
| Q1 24 | $0.44 | — |
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 | $3.0B |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $6.1B | $803.5M |
| Total Assets | $17.8B | $11.5B |
| Debt / EquityLower = less leverage | 0.70× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | — | ||
| Q3 25 | $475.0M | $3.0B | ||
| Q2 25 | $107.0M | $2.6B | ||
| Q1 25 | $67.0M | $2.8B | ||
| Q4 24 | $625.0M | — | ||
| Q3 24 | $64.0M | $2.4B | ||
| Q2 24 | $160.0M | $1.8B | ||
| Q1 24 | $102.0M | — |
| 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 | — | ||
| Q3 25 | $6.0B | $803.5M | ||
| Q2 25 | $5.9B | $278.3M | ||
| Q1 25 | $5.4B | $-267.5M | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.1B | $-688.9M | ||
| Q2 24 | $5.4B | $-1.1B | ||
| Q1 24 | $2.6B | — |
| Q4 25 | $17.8B | — | ||
| Q3 25 | $17.7B | $11.5B | ||
| Q2 25 | $18.1B | $11.1B | ||
| Q1 25 | $18.5B | $10.7B | ||
| Q4 24 | $19.4B | — | ||
| Q3 24 | $19.4B | — | ||
| Q2 24 | $20.2B | — | ||
| Q1 24 | $15.0B | — |
| 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 | $663.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.44× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | — | ||
| Q3 25 | $1.5B | $663.9M | ||
| Q2 25 | $1.2B | $470.7M | ||
| Q1 25 | $1.1B | $587.9M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.3B | $828.7M | ||
| Q2 24 | $877.0M | $419.8M | ||
| Q1 24 | $368.0M | — |
| Q4 25 | 2.44× | — | ||
| Q3 25 | 7.12× | 1.29× | ||
| Q2 25 | 1.96× | 1.07× | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 1.62× | 2.63× | ||
| 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% |
VIK
Segment breakdown not available.
