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APA Corporation（APA）与BKV Corp（BKV）财务数据对比。点击上方公司名可切换其他公司
APA Corporation的季度营收约是BKV Corp的8.6倍（$2.2B vs $255.9M）。BKV Corp净利率更高（27.5% vs 15.0%，领先12.5%）
APA Corporation是美国能源企业阿帕奇公司的控股主体，主要从事碳氢化合物资源勘探相关业务，在特拉华州注册成立，总部位于得克萨斯州休斯敦，是北美地区拥有丰富项目经验的能源勘探运营企业。
BKV Corp是一家北美独立能源企业，专注于天然气的可持续勘探、生产与配送，核心运营资产位于阿巴拉契亚盆地，服务区域内公用事业、工业及商业客户，同时投资碳捕获等低碳技术以降低运营排放。
APA vs BKV — 直观对比
营收规模更大
APA
是对方的8.6倍
$255.9M
净利率更高
BKV
高出12.5%
15.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $255.9M |
| 净利润 | $331.0M | $70.4M |
| 毛利率 | — | — |
| 营业利润率 | 32.5% | 39.3% |
| 净利率 | 15.0% | 27.5% |
| 营收同比 | -24.3% | — |
| 净利润同比 | -22.1% | — |
| 每股收益（稀释后） | $0.79 | $0.78 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APABKV
| Q4 25 | $2.2B | $255.9M | ||
| Q3 25 | $2.3B | $199.8M | ||
| Q2 25 | $2.3B | $207.1M | ||
| Q1 25 | $2.7B | $231.0M | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.7B | $133.5M | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.1B | — |
净利润APABKV
| Q4 25 | $331.0M | $70.4M | ||
| Q3 25 | $205.0M | $76.8M | ||
| Q2 25 | $603.0M | $104.6M | ||
| Q1 25 | $418.0M | $-78.7M | ||
| Q4 24 | $425.0M | — | ||
| Q3 24 | $-223.0M | $12.9M | ||
| Q2 24 | $541.0M | — | ||
| Q1 24 | $212.0M | — |
营业利润率APABKV
| Q4 25 | 32.5% | 39.3% | ||
| Q3 25 | 33.7% | 41.2% | ||
| Q2 25 | 31.8% | 62.0% | ||
| Q1 25 | 31.9% | -40.6% | ||
| Q4 24 | 31.4% | — | ||
| Q3 24 | -5.2% | -15.7% | ||
| Q2 24 | 34.4% | — | ||
| Q1 24 | 32.2% | — |
净利率APABKV
| Q4 25 | 15.0% | 27.5% | ||
| Q3 25 | 9.0% | 38.5% | ||
| Q2 25 | 26.0% | 50.5% | ||
| Q1 25 | 15.4% | -34.1% | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | -8.1% | 9.6% | ||
| Q2 24 | 19.0% | — | ||
| Q1 24 | 9.9% | — |
每股收益（稀释后）APABKV
| Q4 25 | $0.79 | $0.78 | ||
| Q3 25 | $0.57 | $0.90 | ||
| Q2 25 | $1.67 | $1.23 | ||
| Q1 25 | $0.96 | $-0.93 | ||
| Q4 24 | $0.97 | — | ||
| Q3 24 | $-0.60 | $0.18 | ||
| Q2 24 | $1.46 | — | ||
| Q1 24 | $0.44 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $516.0M | $199.4M |
| 总债务越低越好 | $4.3B | $486.8M |
| 股东权益账面价值 | $6.1B | $2.0B |
| 总资产 | $17.8B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.70× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资APABKV
| Q4 25 | $516.0M | $199.4M | ||
| Q3 25 | $475.0M | $83.1M | ||
| Q2 25 | $107.0M | $21.4M | ||
| Q1 25 | $67.0M | $15.3M | ||
| Q4 24 | $625.0M | — | ||
| Q3 24 | $64.0M | $31.3M | ||
| Q2 24 | $160.0M | — | ||
| Q1 24 | $102.0M | — |
总债务APABKV
| Q4 25 | $4.3B | $486.8M | ||
| Q3 25 | $4.3B | $486.6M | ||
| Q2 25 | $4.3B | $200.0M | ||
| Q1 25 | $5.2B | $200.0M | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.4B | $190.0M | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $5.2B | — |
股东权益APABKV
| Q4 25 | $6.1B | $2.0B | ||
| Q3 25 | $6.0B | $1.8B | ||
| Q2 25 | $5.9B | $1.6B | ||
| Q1 25 | $5.4B | $1.5B | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.1B | $1.6B | ||
| Q2 24 | $5.4B | — | ||
| Q1 24 | $2.6B | — |
总资产APABKV
| Q4 25 | $17.8B | $3.1B | ||
| Q3 25 | $17.7B | $2.9B | ||
| Q2 25 | $18.1B | $2.3B | ||
| Q1 25 | $18.5B | $2.3B | ||
| Q4 24 | $19.4B | — | ||
| Q3 24 | $19.4B | $2.3B | ||
| Q2 24 | $20.2B | — | ||
| Q1 24 | $15.0B | — |
负债/权益比APABKV
| Q4 25 | 0.70× | 0.24× | ||
| Q3 25 | 0.72× | 0.27× | ||
| Q2 25 | 0.73× | 0.13× | ||
| Q1 25 | 0.96× | 0.13× | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 1.25× | 0.12× | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.99× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $808.0M | $69.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.44× | 0.99× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APABKV
| Q4 25 | $808.0M | $69.4M | ||
| Q3 25 | $1.5B | $74.5M | ||
| Q2 25 | $1.2B | $76.2M | ||
| Q1 25 | $1.1B | $22.6M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $877.0M | — | ||
| Q1 24 | $368.0M | — |
自由现金流APABKV
| Q4 25 | — | — | ||
| Q3 25 | — | $-126.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率APABKV
| Q4 25 | — | — | ||
| Q3 25 | — | -63.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度APABKV
| Q4 25 | — | — | ||
| Q3 25 | — | 100.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率APABKV
| Q4 25 | 2.44× | 0.99× | ||
| Q3 25 | 7.12× | 0.97× | ||
| Q2 25 | 1.96× | 0.73× | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.74× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
BKV
| Natural Gas NGL And Oil | $249.3M | 97% |
| Related Party And Other | $4.7M | 2% |
| Marketing | $2.8M | 1% |
