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

Wayfair Inc. is the larger business by last-quarter revenue ($3.3B vs $2.2B, roughly 1.5× APA Corporation). APA Corporation runs the higher net margin — 15.0% vs -3.5%, a 18.5% gap on every dollar of revenue. On growth, Wayfair Inc. posted the faster year-over-year revenue change (6.9% vs -24.3%). Over the past eight quarters, Wayfair Inc.'s revenue compounded faster (10.6% 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.

Wayfair Inc. is an American e-commerce company based in Boston, Massachusetts that sells furniture and home goods online. Formerly known as CSN Stores, it was founded in 2002, and currently offers 14 million items from more than 11,000 global suppliers. The company maintains international operations, including locations in North America and in Canada, Germany, Ireland, China and the United Kingdom.

APA vs W — Head-to-Head

Bigger by revenue
W
W
1.5× larger
W
$3.3B
$2.2B
APA
Growing faster (revenue YoY)
W
W
+31.3% gap
W
6.9%
-24.3%
APA
Higher net margin
APA
APA
18.5% more per $
APA
15.0%
-3.5%
W
Faster 2-yr revenue CAGR
W
W
Annualised
W
10.6%
1.4%
APA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APA
APA
W
W
Revenue
$2.2B
$3.3B
Net Profit
$331.0M
$-116.0M
Gross Margin
30.3%
Operating Margin
32.5%
2.5%
Net Margin
15.0%
-3.5%
Revenue YoY
-24.3%
6.9%
Net Profit YoY
-22.1%
9.4%
EPS (diluted)
$0.79
$-0.90

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
W
W
Q4 25
$2.2B
$3.3B
Q3 25
$2.3B
$3.1B
Q2 25
$2.3B
$3.3B
Q1 25
$2.7B
$2.7B
Q4 24
$2.9B
$3.1B
Q3 24
$2.7B
$2.9B
Q2 24
$2.8B
$3.1B
Q1 24
$2.1B
$2.7B
Net Profit
APA
APA
W
W
Q4 25
$331.0M
$-116.0M
Q3 25
$205.0M
$-99.0M
Q2 25
$603.0M
$15.0M
Q1 25
$418.0M
$-113.0M
Q4 24
$425.0M
$-128.0M
Q3 24
$-223.0M
$-74.0M
Q2 24
$541.0M
$-42.0M
Q1 24
$212.0M
$-248.0M
Gross Margin
APA
APA
W
W
Q4 25
30.3%
Q3 25
30.0%
Q2 25
30.1%
Q1 25
30.7%
Q4 24
30.2%
Q3 24
30.3%
Q2 24
30.2%
Q1 24
30.0%
Operating Margin
APA
APA
W
W
Q4 25
32.5%
2.5%
Q3 25
33.7%
1.2%
Q2 25
31.8%
0.5%
Q1 25
31.9%
-4.5%
Q4 24
31.4%
-3.7%
Q3 24
-5.2%
-2.6%
Q2 24
34.4%
-1.1%
Q1 24
32.2%
-8.6%
Net Margin
APA
APA
W
W
Q4 25
15.0%
-3.5%
Q3 25
9.0%
-3.2%
Q2 25
26.0%
0.5%
Q1 25
15.4%
-4.1%
Q4 24
14.6%
-4.1%
Q3 24
-8.1%
-2.6%
Q2 24
19.0%
-1.3%
Q1 24
9.9%
-9.1%
EPS (diluted)
APA
APA
W
W
Q4 25
$0.79
$-0.90
Q3 25
$0.57
$-0.76
Q2 25
$1.67
$0.11
Q1 25
$0.96
$-0.89
Q4 24
$0.97
$-1.01
Q3 24
$-0.60
$-0.60
Q2 24
$1.46
$-0.34
Q1 24
$0.44
$-2.06

Balance Sheet & Financial Strength

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

Metric
APA
APA
W
W
Cash + ST InvestmentsLiquidity on hand
$516.0M
$1.5B
Total DebtLower is stronger
$4.3B
$3.3B
Stockholders' EquityBook value
$6.1B
$-2.8B
Total Assets
$17.8B
$3.4B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APA
APA
W
W
Q4 25
$516.0M
$1.5B
Q3 25
$475.0M
$1.2B
Q2 25
$107.0M
$1.4B
Q1 25
$67.0M
$1.4B
Q4 24
$625.0M
$1.4B
Q3 24
$64.0M
$1.3B
Q2 24
$160.0M
$1.3B
Q1 24
$102.0M
$1.2B
Total Debt
APA
APA
W
W
Q4 25
$4.3B
$3.3B
Q3 25
$4.3B
$2.9B
Q2 25
$4.3B
$3.0B
Q1 25
$5.2B
$3.2B
Q4 24
$6.0B
$3.1B
Q3 24
$6.4B
$3.2B
Q2 24
$6.7B
$3.2B
Q1 24
$5.2B
$3.2B
Stockholders' Equity
APA
APA
W
W
Q4 25
$6.1B
$-2.8B
Q3 25
$6.0B
$-2.8B
Q2 25
$5.9B
$-2.7B
Q1 25
$5.4B
$-2.8B
Q4 24
$5.3B
$-2.8B
Q3 24
$5.1B
$-2.7B
Q2 24
$5.4B
$-2.8B
Q1 24
$2.6B
$-2.8B
Total Assets
APA
APA
W
W
Q4 25
$17.8B
$3.4B
Q3 25
$17.7B
$3.1B
Q2 25
$18.1B
$3.3B
Q1 25
$18.5B
$3.4B
Q4 24
$19.4B
$3.5B
Q3 24
$19.4B
$3.4B
Q2 24
$20.2B
$3.4B
Q1 24
$15.0B
$3.2B
Debt / Equity
APA
APA
W
W
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
APA
APA
W
W
Operating Cash FlowLast quarter
$808.0M
$202.0M
Free Cash FlowOCF − Capex
$177.0M
FCF MarginFCF / Revenue
5.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$464.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APA
APA
W
W
Q4 25
$808.0M
$202.0M
Q3 25
$1.5B
$155.0M
Q2 25
$1.2B
$273.0M
Q1 25
$1.1B
$-96.0M
Q4 24
$1.0B
$162.0M
Q3 24
$1.3B
$49.0M
Q2 24
$877.0M
$245.0M
Q1 24
$368.0M
$-139.0M
Free Cash Flow
APA
APA
W
W
Q4 25
$177.0M
Q3 25
$128.0M
Q2 25
$260.0M
Q1 25
$-101.0M
Q4 24
$142.0M
Q3 24
$32.0M
Q2 24
$222.0M
Q1 24
$-152.0M
FCF Margin
APA
APA
W
W
Q4 25
5.3%
Q3 25
4.1%
Q2 25
7.9%
Q1 25
-3.7%
Q4 24
4.5%
Q3 24
1.1%
Q2 24
7.1%
Q1 24
-5.6%
Capex Intensity
APA
APA
W
W
Q4 25
0.7%
Q3 25
0.9%
Q2 25
0.4%
Q1 25
0.2%
Q4 24
0.6%
Q3 24
0.6%
Q2 24
0.7%
Q1 24
0.5%
Cash Conversion
APA
APA
W
W
Q4 25
2.44×
Q3 25
7.12×
Q2 25
1.96×
18.20×
Q1 25
2.62×
Q4 24
2.44×
Q3 24
Q2 24
1.62×
Q1 24
1.74×

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%

W
W

US Segment$2.9B88%
International Segment$395.0M12%

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