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

APA Corporation is the larger business by last-quarter revenue ($2.3B vs $2.1B, roughly 1.1× Xylem Inc.). APA Corporation runs the higher net margin — 19.2% vs 8.9%, a 10.3% gap on every dollar of revenue. On growth, Xylem Inc. posted the faster year-over-year revenue change (2.7% vs -11.7%). Over the past eight quarters, Xylem Inc.'s revenue compounded faster (-1.0% CAGR vs -9.5%).

APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.

Xylem is one of the two types of transport tissue in vascular plants, the other being phloem; both of these are part of the vascular bundle. The basic function of the xylem is to transport water upward from the roots to parts of the plants such as stems and leaves, but it also transports nutrients. The word xylem is derived from the Ancient Greek word ξύλον (xúlon), meaning "wood"; the best-known xylem tissue is wood, though it is found throughout a plant.

APA vs XYL — Head-to-Head

Bigger by revenue
APA
APA
1.1× larger
APA
$2.3B
$2.1B
XYL
Growing faster (revenue YoY)
XYL
XYL
+14.4% gap
XYL
2.7%
-11.7%
APA
Higher net margin
APA
APA
10.3% more per $
APA
19.2%
8.9%
XYL
Faster 2-yr revenue CAGR
XYL
XYL
Annualised
XYL
-1.0%
-9.5%
APA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
APA
APA
XYL
XYL
Revenue
$2.3B
$2.1B
Net Profit
$446.0M
$189.0M
Gross Margin
37.8%
Operating Margin
11.5%
Net Margin
19.2%
8.9%
Revenue YoY
-11.7%
2.7%
Net Profit YoY
100.0%
EPS (diluted)
$1.26
$0.79

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
XYL
XYL
Q1 26
$2.3B
$2.1B
Q4 25
$2.2B
$2.4B
Q3 25
$2.3B
$2.3B
Q2 25
$2.3B
$2.3B
Q1 25
$2.7B
$2.1B
Q4 24
$2.9B
$2.3B
Q3 24
$2.7B
$2.1B
Q2 24
$2.8B
$2.2B
Net Profit
APA
APA
XYL
XYL
Q1 26
$446.0M
$189.0M
Q4 25
$331.0M
$335.0M
Q3 25
$205.0M
$227.0M
Q2 25
$603.0M
$226.0M
Q1 25
$418.0M
$169.0M
Q4 24
$425.0M
$326.0M
Q3 24
$-223.0M
$217.0M
Q2 24
$541.0M
$194.0M
Gross Margin
APA
APA
XYL
XYL
Q1 26
37.8%
Q4 25
38.9%
Q3 25
38.9%
Q2 25
38.8%
Q1 25
37.1%
Q4 24
38.0%
Q3 24
37.3%
Q2 24
37.8%
Operating Margin
APA
APA
XYL
XYL
Q1 26
11.5%
Q4 25
32.5%
14.7%
Q3 25
33.7%
14.7%
Q2 25
31.8%
13.3%
Q1 25
31.9%
11.2%
Q4 24
31.4%
11.8%
Q3 24
-5.2%
13.3%
Q2 24
34.4%
11.7%
Net Margin
APA
APA
XYL
XYL
Q1 26
19.2%
8.9%
Q4 25
15.0%
14.0%
Q3 25
9.0%
10.0%
Q2 25
26.0%
9.8%
Q1 25
15.4%
8.2%
Q4 24
14.6%
14.5%
Q3 24
-8.1%
10.3%
Q2 24
19.0%
8.9%
EPS (diluted)
APA
APA
XYL
XYL
Q1 26
$1.26
$0.79
Q4 25
$0.79
$1.37
Q3 25
$0.57
$0.93
Q2 25
$1.67
$0.93
Q1 25
$0.96
$0.69
Q4 24
$0.97
$1.33
Q3 24
$-0.60
$0.89
Q2 24
$1.46
$0.80

Balance Sheet & Financial Strength

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

Metric
APA
APA
XYL
XYL
Cash + ST InvestmentsLiquidity on hand
$293.0K
$808.0M
Total DebtLower is stronger
$4.3M
$1.9B
Stockholders' EquityBook value
$11.0B
Total Assets
$18.1M
$17.0B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APA
APA
XYL
XYL
Q1 26
$293.0K
$808.0M
Q4 25
$516.0M
$1.5B
Q3 25
$475.0M
$1.2B
Q2 25
$107.0M
$1.2B
Q1 25
$67.0M
$1.1B
Q4 24
$625.0M
$1.1B
Q3 24
$64.0M
$989.0M
Q2 24
$160.0M
$815.0M
Total Debt
APA
APA
XYL
XYL
Q1 26
$4.3M
$1.9B
Q4 25
$4.3B
$2.0B
Q3 25
$4.3B
$2.0B
Q2 25
$4.3B
$2.0B
Q1 25
$5.2B
$2.0B
Q4 24
$6.0B
$2.0B
Q3 24
$6.4B
Q2 24
$6.7B
Stockholders' Equity
APA
APA
XYL
XYL
Q1 26
$11.0B
Q4 25
$6.1B
$11.5B
Q3 25
$6.0B
$11.2B
Q2 25
$5.9B
$11.1B
Q1 25
$5.4B
$10.8B
Q4 24
$5.3B
$10.6B
Q3 24
$5.1B
$10.6B
Q2 24
$5.4B
$10.3B
Total Assets
APA
APA
XYL
XYL
Q1 26
$18.1M
$17.0B
Q4 25
$17.8B
$17.6B
Q3 25
$17.7B
$17.3B
Q2 25
$18.1B
$17.2B
Q1 25
$18.5B
$16.6B
Q4 24
$19.4B
$16.5B
Q3 24
$19.4B
$16.0B
Q2 24
$20.2B
$15.8B
Debt / Equity
APA
APA
XYL
XYL
Q1 26
0.18×
Q4 25
0.70×
0.17×
Q3 25
0.72×
0.18×
Q2 25
0.73×
0.18×
Q1 25
0.96×
0.19×
Q4 24
1.13×
0.19×
Q3 24
1.25×
Q2 24
1.24×

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
XYL
XYL
Operating Cash FlowLast quarter
$554.0M
Free Cash FlowOCF − Capex
$477.0M
FCF MarginFCF / Revenue
20.5%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
1.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APA
APA
XYL
XYL
Q1 26
$554.0M
Q4 25
$808.0M
$543.0M
Q3 25
$1.5B
$360.0M
Q2 25
$1.2B
$305.0M
Q1 25
$1.1B
$33.0M
Q4 24
$1.0B
$575.0M
Q3 24
$1.3B
$311.0M
Q2 24
$877.0M
$288.0M
Free Cash Flow
APA
APA
XYL
XYL
Q1 26
$477.0M
Q4 25
$460.0M
Q3 25
$281.0M
Q2 25
$207.0M
Q1 25
$-38.0M
Q4 24
$475.0M
Q3 24
$237.0M
Q2 24
$215.0M
FCF Margin
APA
APA
XYL
XYL
Q1 26
20.5%
Q4 25
19.2%
Q3 25
12.4%
Q2 25
9.0%
Q1 25
-1.8%
Q4 24
21.1%
Q3 24
11.3%
Q2 24
9.9%
Capex Intensity
APA
APA
XYL
XYL
Q1 26
4.2%
Q4 25
3.5%
Q3 25
3.5%
Q2 25
4.3%
Q1 25
3.4%
Q4 24
4.4%
Q3 24
3.5%
Q2 24
3.4%
Cash Conversion
APA
APA
XYL
XYL
Q1 26
1.24×
Q4 25
2.44×
1.62×
Q3 25
7.12×
1.59×
Q2 25
1.96×
1.35×
Q1 25
2.62×
0.20×
Q4 24
2.44×
1.76×
Q3 24
1.43×
Q2 24
1.62×
1.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APA
APA

Oil revenues$1.6B71%
Purchased oil and gas sales$385.0M17%
Natural gas revenues$157.0M7%
Natural gas liquids revenues$141.0M6%

XYL
XYL

Revenue from products$1.8B83%
Revenue from services$368.0M17%

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