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APA Corporation（APA）与Oneok（OKE）财务数据对比。点击上方公司名可切换其他公司
Oneok的季度营收约是APA Corporation的4.1倍（$9.1B vs $2.2B）。APA Corporation净利率更高（15.0% vs 10.8%，领先4.2%）。Oneok同比增速更快（29.5% vs -24.3%）。过去两年Oneok的营收复合增速更高（37.7% 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。
ONEOK是美国油气中游领域运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及储存服务，位列财富500强及标普500指数成分股。公司前身为1906年成立的俄克拉荷马天然气公司，1980年正式更名为ONEOK。
APA vs OKE — 直观对比
营收规模更大
OKE
是对方的4.1倍
$2.2B
营收增速更快
OKE
高出53.8%
-24.3%
净利率更高
APA
高出4.2%
10.8%
两年增速更快
OKE
近两年复合增速
1.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $9.1B |
| 净利润 | $331.0M | $977.0M |
| 毛利率 | — | 29.4% |
| 营业利润率 | 32.5% | 16.9% |
| 净利率 | 15.0% | 10.8% |
| 营收同比 | -24.3% | 29.5% |
| 净利润同比 | -22.1% | 5.9% |
| 每股收益（稀释后） | $0.79 | $1.55 |
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APAOKE
| Q4 25 | $2.2B | $9.1B | ||
| Q3 25 | $2.3B | $8.6B | ||
| Q2 25 | $2.3B | $7.9B | ||
| Q1 25 | $2.7B | $8.0B | ||
| Q4 24 | $2.9B | $7.0B | ||
| Q3 24 | $2.7B | $5.0B | ||
| Q2 24 | $2.8B | $4.9B | ||
| Q1 24 | $2.1B | $4.8B |
净利润APAOKE
| Q4 25 | $331.0M | $977.0M | ||
| Q3 25 | $205.0M | $939.0M | ||
| Q2 25 | $603.0M | $841.0M | ||
| Q1 25 | $418.0M | $636.0M | ||
| Q4 24 | $425.0M | $923.0M | ||
| Q3 24 | $-223.0M | $693.0M | ||
| Q2 24 | $541.0M | $780.0M | ||
| Q1 24 | $212.0M | $639.0M |
毛利率APAOKE
| Q4 25 | — | 29.4% | ||
| Q3 25 | — | 30.9% | ||
| Q2 25 | — | 32.0% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 35.8% | ||
| Q3 24 | — | 39.7% | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | — | 39.4% |
营业利润率APAOKE
| Q4 25 | 32.5% | 16.9% | ||
| Q3 25 | 33.7% | 18.0% | ||
| Q2 25 | 31.8% | 18.1% | ||
| Q1 25 | 31.9% | 15.2% | ||
| Q4 24 | 31.4% | 22.4% | ||
| Q3 24 | -5.2% | 22.5% | ||
| Q2 24 | 34.4% | 25.1% | ||
| Q1 24 | 32.2% | 22.3% |
净利率APAOKE
| Q4 25 | 15.0% | 10.8% | ||
| Q3 25 | 9.0% | 10.9% | ||
| Q2 25 | 26.0% | 10.7% | ||
| Q1 25 | 15.4% | 7.9% | ||
| Q4 24 | 14.6% | 13.2% | ||
| Q3 24 | -8.1% | 13.8% | ||
| Q2 24 | 19.0% | 15.9% | ||
| Q1 24 | 9.9% | 13.4% |
每股收益（稀释后）APAOKE
| Q4 25 | $0.79 | $1.55 | ||
| Q3 25 | $0.57 | $1.49 | ||
| Q2 25 | $1.67 | $1.34 | ||
| Q1 25 | $0.96 | $1.04 | ||
| Q4 24 | $0.97 | $1.57 | ||
| Q3 24 | $-0.60 | $1.18 | ||
| Q2 24 | $1.46 | $1.33 | ||
| Q1 24 | $0.44 | $1.09 |
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 | $78.0M |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $6.1B | $22.5B |
| 总资产 | $17.8B | $66.6B |
| 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APAOKE
| Q4 25 | $516.0M | $78.0M | ||
| Q3 25 | $475.0M | $1.2B | ||
| Q2 25 | $107.0M | $97.0M | ||
| Q1 25 | $67.0M | $141.0M | ||
| Q4 24 | $625.0M | $733.0M | ||
| Q3 24 | $64.0M | $579.0M | ||
| Q2 24 | $160.0M | $36.0M | ||
| Q1 24 | $102.0M | $65.0M |
总债务APAOKE
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.3B | $33.7B | ||
| Q2 25 | $4.3B | $31.3B | ||
| Q1 25 | $5.2B | $31.8B | ||
| Q4 24 | $6.0B | $32.1B | ||
| Q3 24 | $6.4B | $28.1B | ||
| Q2 24 | $6.7B | $21.7B | ||
| Q1 24 | $5.2B | $21.7B |
股东权益APAOKE
| Q4 25 | $6.1B | $22.5B | ||
| Q3 25 | $6.0B | $22.1B | ||
| Q2 25 | $5.9B | $21.8B | ||
| Q1 25 | $5.4B | $21.4B | ||
| Q4 24 | $5.3B | $17.0B | ||
| Q3 24 | $5.1B | $16.9B | ||
| Q2 24 | $5.4B | $16.7B | ||
| Q1 24 | $2.6B | $16.4B |
总资产APAOKE
| Q4 25 | $17.8B | $66.6B | ||
| Q3 25 | $17.7B | $66.6B | ||
| Q2 25 | $18.1B | $64.5B | ||
| Q1 25 | $18.5B | $64.3B | ||
| Q4 24 | $19.4B | $64.1B | ||
| Q3 24 | $19.4B | $51.0B | ||
| Q2 24 | $20.2B | $44.5B | ||
| Q1 24 | $15.0B | $44.4B |
负债/权益比APAOKE
| Q4 25 | 0.70× | — | ||
| Q3 25 | 0.72× | 1.53× | ||
| Q2 25 | 0.73× | 1.43× | ||
| Q1 25 | 0.96× | 1.49× | ||
| Q4 24 | 1.13× | 1.88× | ||
| Q3 24 | 1.25× | 1.66× | ||
| Q2 24 | 1.24× | 1.30× | ||
| Q1 24 | 1.99× | 1.32× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $576.0M |
| 自由现金流率自由现金流/营收 | — | 6.4% |
| 资本支出强度资本支出/营收 | — | 10.7% |
| 现金转化率经营现金流/净利润 | 2.44× | 1.58× |
| 过去12个月自由现金流最近4个季度 | — | $2.4B |
8季度趋势，按日历期对齐
经营现金流APAOKE
| Q4 25 | $808.0M | $1.5B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.1B | $904.0M | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $877.0M | $1.4B | ||
| Q1 24 | $368.0M | $596.0M |
自由现金流APAOKE
| Q4 25 | — | $576.0M | ||
| Q3 25 | — | $820.0M | ||
| Q2 25 | — | $776.0M | ||
| Q1 25 | — | $275.0M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $783.0M | ||
| Q2 24 | — | $951.0M | ||
| Q1 24 | — | $84.0M |
自由现金流率APAOKE
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 19.4% | ||
| Q1 24 | — | 1.8% |
资本支出强度APAOKE
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | — | 10.7% |
现金转化率APAOKE
| Q4 25 | 2.44× | 1.58× | ||
| Q3 25 | 7.12× | 1.73× | ||
| Q2 25 | 1.96× | 1.81× | ||
| Q1 25 | 2.62× | 1.42× | ||
| Q4 24 | 2.44× | 1.75× | ||
| Q3 24 | — | 1.81× | ||
| Q2 24 | 1.62× | 1.83× | ||
| Q1 24 | 1.74× | 0.93× |
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% |
OKE
| Natural Gas Liquids | $4.0B | 44% |
| Natural Gas Gathering And Processing | $1.8B | 20% |
| Services | $1.2B | 14% |
| Liquids Commodity | $979.0M | 11% |
| Wholly Owned Interstate Natural Gas Pipelines | $527.0M | 6% |
| Exchange Services And Natural Gas Gathering And Processing Revenue | $365.0M | 4% |
| Transportationand Storage Revenue | $108.0M | 1% |
| Other | $12.0M | 0% |
