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APA Corporation（APA）与OCEANEERING INTERNATIONAL INC（OII）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OCEANEERING INTERNATIONAL INC的3.2倍（$2.2B vs $692.4M）。APA Corporation净利率更高（15.0% vs 5.2%，领先9.8%）。OCEANEERING INTERNATIONAL INC同比增速更快（2.7% vs -24.3%）。过去两年OCEANEERING INTERNATIONAL INC的营收复合增速更高（1.8% vs 1.4%）
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。
奥什科什国际（Oceaneering International）是一家总部位于美国得克萨斯州休斯敦的水下工程及应用技术企业，为海洋、航天及其他特殊作业场景的客户提供定制化工程服务与硬件设备，在极端环境工程领域拥有深厚的技术积累。
APA vs OII — 直观对比
营收规模更大
APA
是对方的3.2倍
$692.4M
营收增速更快
OII
高出27.0%
-24.3%
净利率更高
APA
高出9.8%
5.2%
两年增速更快
OII
近两年复合增速
1.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $692.4M |
| 净利润 | $331.0M | $36.1M |
| 毛利率 | — | — |
| 营业利润率 | 32.5% | — |
| 净利率 | 15.0% | 5.2% |
| 营收同比 | -24.3% | 2.7% |
| 净利润同比 | -22.1% | -79.7% |
| 每股收益（稀释后） | $0.79 | $0.36 |
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APAOII
| Q1 26 | — | $692.4M | ||
| Q4 25 | $2.2B | $668.6M | ||
| Q3 25 | $2.3B | $742.9M | ||
| Q2 25 | $2.3B | $698.2M | ||
| Q1 25 | $2.7B | $674.5M | ||
| Q4 24 | $2.9B | $713.5M | ||
| Q3 24 | $2.7B | $679.8M | ||
| Q2 24 | $2.8B | $668.8M |
净利润APAOII
| Q1 26 | — | $36.1M | ||
| Q4 25 | $331.0M | $177.7M | ||
| Q3 25 | $205.0M | $71.3M | ||
| Q2 25 | $603.0M | $54.4M | ||
| Q1 25 | $418.0M | $50.4M | ||
| Q4 24 | $425.0M | $56.1M | ||
| Q3 24 | $-223.0M | $41.2M | ||
| Q2 24 | $541.0M | $35.0M |
毛利率APAOII
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 18.0% |
营业利润率APAOII
| Q1 26 | — | — | ||
| Q4 25 | 32.5% | 9.8% | ||
| Q3 25 | 33.7% | 11.6% | ||
| Q2 25 | 31.8% | 11.3% | ||
| Q1 25 | 31.9% | 10.9% | ||
| Q4 24 | 31.4% | 10.9% | ||
| Q3 24 | -5.2% | 10.5% | ||
| Q2 24 | 34.4% | 9.0% |
净利率APAOII
| Q1 26 | — | 5.2% | ||
| Q4 25 | 15.0% | 26.6% | ||
| Q3 25 | 9.0% | 9.6% | ||
| Q2 25 | 26.0% | 7.8% | ||
| Q1 25 | 15.4% | 7.5% | ||
| Q4 24 | 14.6% | 7.9% | ||
| Q3 24 | -8.1% | 6.1% | ||
| Q2 24 | 19.0% | 5.2% |
每股收益（稀释后）APAOII
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.79 | $1.75 | ||
| Q3 25 | $0.57 | $0.71 | ||
| Q2 25 | $1.67 | $0.54 | ||
| Q1 25 | $0.96 | $0.49 | ||
| Q4 24 | $0.97 | $0.55 | ||
| Q3 24 | $-0.60 | $0.40 | ||
| Q2 24 | $1.46 | $0.34 |
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 | — |
| 总债务越低越好 | $4.3B | $488.8M |
| 股东权益账面价值 | $6.1B | $1.1B |
| 总资产 | $17.8B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.70× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资APAOII
| Q1 26 | — | — | ||
| Q4 25 | $516.0M | $695.9M | ||
| Q3 25 | $475.0M | $7.0M | ||
| Q2 25 | $107.0M | $7.0M | ||
| Q1 25 | $67.0M | $7.0M | ||
| Q4 24 | $625.0M | $504.5M | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | $160.0M | — |
总债务APAOII
| Q1 26 | — | $488.8M | ||
| Q4 25 | $4.3B | $487.4M | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | $482.0M | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — |
股东权益APAOII
| Q1 26 | — | $1.1B | ||
| Q4 25 | $6.1B | $1.1B | ||
| Q3 25 | $6.0B | $907.7M | ||
| Q2 25 | $5.9B | $842.1M | ||
| Q1 25 | $5.4B | $773.1M | ||
| Q4 24 | $5.3B | $714.3M | ||
| Q3 24 | $5.1B | $698.0M | ||
| Q2 24 | $5.4B | $651.0M |
总资产APAOII
| Q1 26 | — | $2.6B | ||
| Q4 25 | $17.8B | $2.7B | ||
| Q3 25 | $17.7B | $2.5B | ||
| Q2 25 | $18.1B | $2.3B | ||
| Q1 25 | $18.5B | $2.3B | ||
| Q4 24 | $19.4B | $2.3B | ||
| Q3 24 | $19.4B | $2.4B | ||
| Q2 24 | $20.2B | $2.3B |
负债/权益比APAOII
| Q1 26 | — | 0.44× | ||
| Q4 25 | 0.70× | 0.46× | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | 0.67× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.24× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $-76.5M |
| 自由现金流率自由现金流/营收 | — | -11.1% |
| 资本支出强度资本支出/营收 | — | 2.5% |
| 现金转化率经营现金流/净利润 | 2.44× | — |
| 过去12个月自由现金流最近4个季度 | — | $238.1M |
8季度趋势，按日历期对齐
经营现金流APAOII
| Q1 26 | — | — | ||
| Q4 25 | $808.0M | $221.1M | ||
| Q3 25 | $1.5B | $101.3M | ||
| Q2 25 | $1.2B | $77.2M | ||
| Q1 25 | $1.1B | $-80.7M | ||
| Q4 24 | $1.0B | $128.4M | ||
| Q3 24 | $1.3B | $91.9M | ||
| Q2 24 | $877.0M | $52.6M |
自由现金流APAOII
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | — | $46.9M | ||
| Q1 25 | — | $-106.8M | ||
| Q4 24 | — | $94.5M | ||
| Q3 24 | — | $67.0M | ||
| Q2 24 | — | $29.8M |
自由现金流率APAOII
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | -15.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 4.5% |
资本支出强度APAOII
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.4% |
现金转化率APAOII
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 1.24× | ||
| Q3 25 | 7.12× | 1.42× | ||
| Q2 25 | 1.96× | 1.42× | ||
| Q1 25 | 2.62× | -1.60× | ||
| Q4 24 | 2.44× | 2.29× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | 1.62× | 1.50× |
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% |
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
