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APA Corporation（APA）与CrossAmerica Partners LP（CAPL）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CrossAmerica Partners LP的2.5倍（$2.2B vs $866.3M）。APA Corporation净利率更高（15.0% vs 1.2%，领先13.8%）。CrossAmerica Partners LP同比增速更快（-8.3% vs -24.3%）。过去两年APA Corporation的营收复合增速更高（1.4% vs -4.1%）
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。
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
APA vs CAPL — 直观对比
营收规模更大
APA
是对方的2.5倍
$866.3M
营收增速更快
CAPL
高出16.1%
-24.3%
净利率更高
APA
高出13.8%
1.2%
两年增速更快
APA
近两年复合增速
-4.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $866.3M |
| 净利润 | $331.0M | $10.2M |
| 毛利率 | — | 12.4% |
| 营业利润率 | 32.5% | 3.0% |
| 净利率 | 15.0% | 1.2% |
| 营收同比 | -24.3% | -8.3% |
| 净利润同比 | -22.1% | -39.6% |
| 每股收益（稀释后） | $0.79 | $0.24 |
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APACAPL
| Q4 25 | $2.2B | $866.3M | ||
| Q3 25 | $2.3B | $971.8M | ||
| Q2 25 | $2.3B | $961.9M | ||
| Q1 25 | $2.7B | $862.5M | ||
| Q4 24 | $2.9B | $944.2M | ||
| Q3 24 | $2.7B | $1.1B | ||
| Q2 24 | $2.8B | $1.1B | ||
| Q1 24 | $2.1B | $941.5M |
净利润APACAPL
| Q4 25 | $331.0M | $10.2M | ||
| Q3 25 | $205.0M | $13.6M | ||
| Q2 25 | $603.0M | $25.2M | ||
| Q1 25 | $418.0M | $-7.1M | ||
| Q4 24 | $425.0M | $16.9M | ||
| Q3 24 | $-223.0M | $10.7M | ||
| Q2 24 | $541.0M | $12.4M | ||
| Q1 24 | $212.0M | $-17.5M |
毛利率APACAPL
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 8.6% |
营业利润率APACAPL
| Q4 25 | 32.5% | 3.0% | ||
| Q3 25 | 33.7% | 2.9% | ||
| Q2 25 | 31.8% | 4.3% | ||
| Q1 25 | 31.9% | 0.2% | ||
| Q4 24 | 31.4% | 3.0% | ||
| Q3 24 | -5.2% | 2.5% | ||
| Q2 24 | 34.4% | 2.5% | ||
| Q1 24 | 32.2% | -1.4% |
净利率APACAPL
| Q4 25 | 15.0% | 1.2% | ||
| Q3 25 | 9.0% | 1.4% | ||
| Q2 25 | 26.0% | 2.6% | ||
| Q1 25 | 15.4% | -0.8% | ||
| Q4 24 | 14.6% | 1.8% | ||
| Q3 24 | -8.1% | 1.0% | ||
| Q2 24 | 19.0% | 1.1% | ||
| Q1 24 | 9.9% | -1.9% |
每股收益（稀释后）APACAPL
| Q4 25 | $0.79 | $0.24 | ||
| Q3 25 | $0.57 | $0.34 | ||
| Q2 25 | $1.67 | $0.64 | ||
| Q1 25 | $0.96 | $-0.20 | ||
| Q4 24 | $0.97 | $0.42 | ||
| Q3 24 | $-0.60 | $0.27 | ||
| Q2 24 | $1.46 | $0.31 | ||
| Q1 24 | $0.44 | $-0.48 |
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 | $3.1M |
| 总债务越低越好 | $4.3B | $687.2M |
| 股东权益账面价值 | $6.1B | — |
| 总资产 | $17.8B | $964.7M |
| 负债/权益比越低杠杆越低 | 0.70× | — |
8季度趋势，按日历期对齐
现金及短期投资APACAPL
| Q4 25 | $516.0M | $3.1M | ||
| Q3 25 | $475.0M | $5.8M | ||
| Q2 25 | $107.0M | $9.7M | ||
| Q1 25 | $67.0M | $6.7M | ||
| Q4 24 | $625.0M | $3.4M | ||
| Q3 24 | $64.0M | $7.8M | ||
| Q2 24 | $160.0M | $5.5M | ||
| Q1 24 | $102.0M | $6.3M |
总债务APACAPL
| Q4 25 | $4.3B | $687.2M | ||
| Q3 25 | $4.3B | $700.8M | ||
| Q2 25 | $4.3B | $722.7M | ||
| Q1 25 | $5.2B | $774.1M | ||
| Q4 24 | $6.0B | $763.9M | ||
| Q3 24 | $6.4B | $769.2M | ||
| Q2 24 | $6.7B | $786.7M | ||
| Q1 24 | $5.2B | $795.8M |
股东权益APACAPL
| Q4 25 | $6.1B | — | ||
| Q3 25 | $6.0B | — | ||
| Q2 25 | $5.9B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.4B | — | ||
| Q1 24 | $2.6B | — |
总资产APACAPL
| Q4 25 | $17.8B | $964.7M | ||
| Q3 25 | $17.7B | $998.9M | ||
| Q2 25 | $18.1B | $1.0B | ||
| Q1 25 | $18.5B | $1.1B | ||
| Q4 24 | $19.4B | $1.1B | ||
| Q3 24 | $19.4B | $1.1B | ||
| Q2 24 | $20.2B | $1.2B | ||
| Q1 24 | $15.0B | $1.2B |
负债/权益比APACAPL
| 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× | — |
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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | — | $22.4M |
| 自由现金流率自由现金流/营收 | — | 2.6% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 2.44× | 2.89× |
| 过去12个月自由现金流最近4个季度 | — | $55.8M |
8季度趋势，按日历期对齐
经营现金流APACAPL
| Q4 25 | $808.0M | $29.4M | ||
| Q3 25 | $1.5B | $24.4M | ||
| Q2 25 | $1.2B | $22.6M | ||
| Q1 25 | $1.1B | $15.0M | ||
| Q4 24 | $1.0B | $11.1M | ||
| Q3 24 | $1.3B | $41.9M | ||
| Q2 24 | $877.0M | $28.9M | ||
| Q1 24 | $368.0M | $5.8M |
自由现金流APACAPL
| Q4 25 | — | $22.4M | ||
| Q3 25 | — | $17.7M | ||
| Q2 25 | — | $10.8M | ||
| Q1 25 | — | $4.9M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $34.2M | ||
| Q2 24 | — | $23.6M | ||
| Q1 24 | — | $-289.0K |
自由现金流率APACAPL
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | -0.0% |
资本支出强度APACAPL
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.6% |
现金转化率APACAPL
| Q4 25 | 2.44× | 2.89× | ||
| Q3 25 | 7.12× | 1.79× | ||
| Q2 25 | 1.96× | 0.90× | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | 0.66× | ||
| Q3 24 | — | 3.92× | ||
| Q2 24 | 1.62× | 2.33× | ||
| 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% |
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
