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Side-by-side financial comparison of APA Corporation (APA) and WORLD KINECT CORP (WKC). Click either name above to swap in a different company.
WORLD KINECT CORP is the larger business by last-quarter revenue ($9.7B vs $2.2B, roughly 4.4× APA Corporation). APA Corporation runs the higher net margin — 15.0% vs -0.0%, a 15.0% gap on every dollar of revenue. On growth, WORLD KINECT CORP posted the faster year-over-year revenue change (2.0% vs -24.3%). Over the past eight quarters, APA Corporation's revenue compounded faster (1.4% CAGR vs -6.0%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
World Kinect Corporation, formerly known as World Fuel Services Corporation, is an energy, commodities, and services company based in Doral, Florida. The company ranked No. 70 in the 2022 Fortune 500 list of the largest United States corporations. WKC focuses on the marketing, trading, and financing of aviation, marine, building, and ground transportation energy commodities and related services. As of 2013, WKC also operates in natural gas and power.
APA vs WKC — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $9.7B |
| Net Profit | $331.0M | $-700.0K |
| Gross Margin | — | 2.8% |
| Operating Margin | 32.5% | — |
| Net Margin | 15.0% | -0.0% |
| Revenue YoY | -24.3% | 2.0% |
| Net Profit YoY | -22.1% | -250.0% |
| EPS (diluted) | $0.79 | $0.50 |
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.
| Q1 26 | — | $9.7B | ||
| Q4 25 | $2.2B | $9.0B | ||
| Q3 25 | $2.3B | $9.4B | ||
| Q2 25 | $2.3B | $9.0B | ||
| Q1 25 | $2.7B | $9.5B | ||
| Q4 24 | $2.9B | $9.8B | ||
| Q3 24 | $2.7B | $10.5B | ||
| Q2 24 | $2.8B | $11.0B |
| Q1 26 | — | $-700.0K | ||
| Q4 25 | $331.0M | $-279.6M | ||
| Q3 25 | $205.0M | $25.7M | ||
| Q2 25 | $603.0M | $-339.4M | ||
| Q1 25 | $418.0M | $-21.1M | ||
| Q4 24 | $425.0M | $-101.8M | ||
| Q3 24 | $-223.0M | $33.5M | ||
| Q2 24 | $541.0M | $108.3M |
| Q1 26 | — | 2.8% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 32.5% | -3.1% | ||
| Q3 25 | 33.7% | 0.7% | ||
| Q2 25 | 31.8% | -3.8% | ||
| Q1 25 | 31.9% | -0.1% | ||
| Q4 24 | 31.4% | 0.3% | ||
| Q3 24 | -5.2% | 0.7% | ||
| Q2 24 | 34.4% | 0.4% |
| Q1 26 | — | -0.0% | ||
| Q4 25 | 15.0% | -3.1% | ||
| Q3 25 | 9.0% | 0.3% | ||
| Q2 25 | 26.0% | -3.8% | ||
| Q1 25 | 15.4% | -0.2% | ||
| Q4 24 | 14.6% | -1.0% | ||
| Q3 24 | -8.1% | 0.3% | ||
| Q2 24 | 19.0% | 1.0% |
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.79 | $-5.02 | ||
| Q3 25 | $0.57 | $0.46 | ||
| Q2 25 | $1.67 | $-6.06 | ||
| Q1 25 | $0.96 | $-0.37 | ||
| Q4 24 | $0.97 | $-1.70 | ||
| Q3 24 | $-0.60 | $0.57 | ||
| Q2 24 | $1.46 | $1.81 |
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 | $151.1M |
| Total DebtLower is stronger | $4.3B | $798.7M |
| Stockholders' EquityBook value | $6.1B | $1.2B |
| Total Assets | $17.8B | $6.8B |
| Debt / EquityLower = less leverage | 0.70× | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $151.1M | ||
| Q4 25 | $516.0M | $193.5M | ||
| Q3 25 | $475.0M | $473.6M | ||
| Q2 25 | $107.0M | $403.2M | ||
| Q1 25 | $67.0M | $456.4M | ||
| Q4 24 | $625.0M | $382.9M | ||
| Q3 24 | $64.0M | $373.8M | ||
| Q2 24 | $160.0M | $524.6M |
| Q1 26 | — | $798.7M | ||
| Q4 25 | $4.3B | $685.2M | ||
| Q3 25 | $4.3B | $766.6M | ||
| Q2 25 | $4.3B | $775.2M | ||
| Q1 25 | $5.2B | $792.3M | ||
| Q4 24 | $6.0B | $796.8M | ||
| Q3 24 | $6.4B | $798.0M | ||
| Q2 24 | $6.7B | $797.8M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $6.1B | $1.3B | ||
| Q3 25 | $6.0B | $1.6B | ||
| Q2 25 | $5.9B | $1.6B | ||
| Q1 25 | $5.4B | $1.9B | ||
| Q4 24 | $5.3B | $1.9B | ||
| Q3 24 | $5.1B | $2.0B | ||
| Q2 24 | $5.4B | $2.0B |
| Q1 26 | — | $6.8B | ||
| Q4 25 | $17.8B | $5.9B | ||
| Q3 25 | $17.7B | $6.1B | ||
| Q2 25 | $18.1B | $6.1B | ||
| Q1 25 | $18.5B | $6.6B | ||
| Q4 24 | $19.4B | $6.7B | ||
| Q3 24 | $19.4B | $7.0B | ||
| Q2 24 | $20.2B | $7.2B |
| Q1 26 | — | 0.66× | ||
| Q4 25 | 0.70× | 0.53× | ||
| Q3 25 | 0.72× | 0.47× | ||
| Q2 25 | 0.73× | 0.48× | ||
| Q1 25 | 0.96× | 0.41× | ||
| Q4 24 | 1.13× | 0.41× | ||
| Q3 24 | 1.25× | 0.39× | ||
| Q2 24 | 1.24× | 0.39× |
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 | — |
| Free Cash FlowOCF − Capex | — | $-60.2M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $67.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $808.0M | $34.2M | ||
| Q3 25 | $1.5B | $116.1M | ||
| Q2 25 | $1.2B | $28.2M | ||
| Q1 25 | $1.1B | $114.4M | ||
| Q4 24 | $1.0B | $120.3M | ||
| Q3 24 | $1.3B | $-38.5M | ||
| Q2 24 | $877.0M | $67.9M |
| Q1 26 | — | $-60.2M | ||
| Q4 25 | — | $12.9M | ||
| Q3 25 | — | $102.0M | ||
| Q2 25 | — | $13.2M | ||
| Q1 25 | — | $99.2M | ||
| Q4 24 | — | $102.4M | ||
| Q3 24 | — | $-56.7M | ||
| Q2 24 | — | $53.3M |
| Q1 26 | — | -0.6% | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | -0.5% | ||
| Q2 24 | — | 0.5% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | — | ||
| Q3 25 | 7.12× | 4.52× | ||
| Q2 25 | 1.96× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | -1.15× | ||
| Q2 24 | 1.62× | 0.63× |
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% |
WKC
| Aviation segment | $5.0B | 52% |
| Land segment | $2.9B | 30% |
| Marine segment | $1.9B | 20% |
