vs

Side-by-side financial comparison of APi Group Corp (APG) and BARRICK MINING CORP (B). Click either name above to swap in a different company.

BARRICK MINING CORP is the larger business by last-quarter revenue ($3.7B vs $2.1B, roughly 1.7× APi Group Corp). BARRICK MINING CORP runs the higher net margin — 34.1% vs 4.6%, a 29.5% gap on every dollar of revenue. On growth, BARRICK MINING CORP posted the faster year-over-year revenue change (16.4% vs 13.8%).

X.AI Corp., doing business as xAI, is an American company working in the area of artificial intelligence (AI), social media and technology that is a wholly owned subsidiary of American aerospace company SpaceX. Founded by Elon Musk in 2023, the company's flagship products are the generative AI chatbot named Grok and the social media platform X, the latter of which they acquired in March 2025.

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Jamaica, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound. As of ...

APG vs B — Head-to-Head

Bigger by revenue
B
B
1.7× larger
B
$3.7B
$2.1B
APG
Growing faster (revenue YoY)
B
B
+2.7% gap
B
16.4%
13.8%
APG
Higher net margin
B
B
29.5% more per $
B
34.1%
4.6%
APG

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
APG
APG
B
B
Revenue
$2.1B
$3.7B
Net Profit
$97.0M
$1.3B
Gross Margin
32.0%
49.0%
Operating Margin
7.7%
38.5%
Net Margin
4.6%
34.1%
Revenue YoY
13.8%
16.4%
Net Profit YoY
44.8%
98.1%
EPS (diluted)
$-1.16
$0.47

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
APG
APG
B
B
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.0B
$3.7B
Q1 25
$1.7B
Q4 24
$1.9B
Q3 24
$1.8B
Q2 24
$1.7B
$3.2B
Q1 24
$1.6B
Net Profit
APG
APG
B
B
Q4 25
$97.0M
Q3 25
$93.0M
Q2 25
$77.0M
$1.3B
Q1 25
$35.0M
Q4 24
$67.0M
Q3 24
$69.0M
Q2 24
$69.0M
$634.0M
Q1 24
$45.0M
Gross Margin
APG
APG
B
B
Q4 25
32.0%
Q3 25
31.3%
Q2 25
30.9%
49.0%
Q1 25
31.5%
Q4 24
30.9%
Q3 24
31.1%
Q2 24
31.4%
37.4%
Q1 24
30.7%
Operating Margin
APG
APG
B
B
Q4 25
7.7%
Q3 25
7.8%
Q2 25
7.2%
38.5%
Q1 25
4.9%
Q4 24
6.2%
Q3 24
7.8%
Q2 24
7.3%
34.5%
Q1 24
6.2%
Net Margin
APG
APG
B
B
Q4 25
4.6%
Q3 25
4.5%
Q2 25
3.9%
34.1%
Q1 25
2.0%
Q4 24
3.6%
Q3 24
3.8%
Q2 24
4.0%
20.1%
Q1 24
2.8%
EPS (diluted)
APG
APG
B
B
Q4 25
$-1.16
Q3 25
$0.20
Q2 25
$0.16
$0.47
Q1 25
$0.11
Q4 24
$0.05
Q3 24
$0.23
Q2 24
$0.22
$0.21
Q1 24
$-1.34

Balance Sheet & Financial Strength

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

Metric
APG
APG
B
B
Cash + ST InvestmentsLiquidity on hand
$912.0M
$4.8B
Total DebtLower is stronger
$2.8B
Stockholders' EquityBook value
$3.4B
$33.4B
Total Assets
$8.9B
$47.3B
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APG
APG
B
B
Q4 25
$912.0M
Q3 25
$555.0M
Q2 25
$432.0M
$4.8B
Q1 25
$460.0M
Q4 24
$499.0M
Q3 24
$487.0M
Q2 24
$324.0M
$4.0B
Q1 24
$247.0M
Total Debt
APG
APG
B
B
Q4 25
$2.8B
Q3 25
$2.8B
Q2 25
$2.8B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
$2.9B
Q2 24
$2.8B
Q1 24
$2.7B
Stockholders' Equity
APG
APG
B
B
Q4 25
$3.4B
Q3 25
$3.3B
Q2 25
$3.2B
$33.4B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$2.8B
$32.5B
Q1 24
$2.3B
Total Assets
APG
APG
B
B
Q4 25
$8.9B
Q3 25
$8.7B
Q2 25
$8.5B
$47.3B
Q1 25
$8.1B
Q4 24
$8.2B
Q3 24
$8.2B
Q2 24
$8.0B
$46.2B
Q1 24
$7.2B
Debt / Equity
APG
APG
B
B
Q4 25
0.81×
Q3 25
0.84×
Q2 25
0.87×
Q1 25
0.92×
Q4 24
0.93×
Q3 24
0.96×
Q2 24
1.00×
Q1 24
1.19×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APG
APG
B
B
Operating Cash FlowLast quarter
$382.0M
$1.3B
Free Cash FlowOCF − Capex
$356.0M
FCF MarginFCF / Revenue
16.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
3.94×
1.06×
TTM Free Cash FlowTrailing 4 quarters
$663.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APG
APG
B
B
Q4 25
$382.0M
Q3 25
$232.0M
Q2 25
$83.0M
$1.3B
Q1 25
$62.0M
Q4 24
$283.0M
Q3 24
$220.0M
Q2 24
$110.0M
$1.2B
Q1 24
$7.0M
Free Cash Flow
APG
APG
B
B
Q4 25
$356.0M
Q3 25
$201.0M
Q2 25
$56.0M
Q1 25
$50.0M
Q4 24
$265.0M
Q3 24
$198.0M
Q2 24
$88.0M
Q1 24
$-15.0M
FCF Margin
APG
APG
B
B
Q4 25
16.8%
Q3 25
9.6%
Q2 25
2.8%
Q1 25
2.9%
Q4 24
14.2%
Q3 24
10.8%
Q2 24
5.1%
Q1 24
-0.9%
Capex Intensity
APG
APG
B
B
Q4 25
1.2%
Q3 25
1.5%
Q2 25
1.4%
Q1 25
0.7%
Q4 24
1.0%
Q3 24
1.2%
Q2 24
1.3%
Q1 24
1.4%
Cash Conversion
APG
APG
B
B
Q4 25
3.94×
Q3 25
2.49×
Q2 25
1.08×
1.06×
Q1 25
1.77×
Q4 24
4.22×
Q3 24
3.19×
Q2 24
1.59×
1.83×
Q1 24
0.16×

Financial Flow Comparison

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

Related Comparisons