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APA Corporation（APA）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
APA Corporation的季度营收约是帕森斯公司的1.4倍（$2.2B vs $1.6B），APA Corporation净利率更高（15.0% vs 3.5%，领先11.5%），帕森斯公司同比增速更快（-7.5% vs -24.3%），过去两年帕森斯公司的营收复合增速更高（2.2% 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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
APA vs PSN — 直观对比
营收规模更大
APA
是对方的1.4倍
$1.6B
营收增速更快
PSN
高出16.8%
-24.3%
净利率更高
APA
高出11.5%
3.5%
两年增速更快
PSN
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.6B |
| 净利润 | $331.0M | $55.6M |
| 毛利率 | — | 23.0% |
| 营业利润率 | 32.5% | 6.6% |
| 净利率 | 15.0% | 3.5% |
| 营收同比 | -24.3% | -7.5% |
| 净利润同比 | -22.1% | -72.4% |
| 每股收益（稀释后） | $0.79 | $0.51 |
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APAPSN
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.3B | $1.6B | ||
| Q1 25 | $2.7B | $1.6B | ||
| Q4 24 | $2.9B | $1.7B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $2.8B | $1.7B | ||
| Q1 24 | $2.1B | $1.5B |
净利润APAPSN
| Q4 25 | $331.0M | $55.6M | ||
| Q3 25 | $205.0M | $64.1M | ||
| Q2 25 | $603.0M | $55.2M | ||
| Q1 25 | $418.0M | $66.2M | ||
| Q4 24 | $425.0M | $201.3M | ||
| Q3 24 | $-223.0M | $72.0M | ||
| Q2 24 | $541.0M | $69.2M | ||
| Q1 24 | $212.0M | $-107.4M |
毛利率APAPSN
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.2% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 21.2% |
营业利润率APAPSN
| Q4 25 | 32.5% | 6.6% | ||
| Q3 25 | 33.7% | 6.7% | ||
| Q2 25 | 31.8% | 6.0% | ||
| Q1 25 | 31.9% | 7.0% | ||
| Q4 24 | 31.4% | 5.8% | ||
| Q3 24 | -5.2% | 6.4% | ||
| Q2 24 | 34.4% | 6.7% | ||
| Q1 24 | 32.2% | 6.6% |
净利率APAPSN
| Q4 25 | 15.0% | 3.5% | ||
| Q3 25 | 9.0% | 4.0% | ||
| Q2 25 | 26.0% | 3.5% | ||
| Q1 25 | 15.4% | 4.3% | ||
| Q4 24 | 14.6% | 11.6% | ||
| Q3 24 | -8.1% | 4.0% | ||
| Q2 24 | 19.0% | 4.1% | ||
| Q1 24 | 9.9% | -7.0% |
每股收益（稀释后）APAPSN
| Q4 25 | $0.79 | $0.51 | ||
| Q3 25 | $0.57 | $0.59 | ||
| Q2 25 | $1.67 | $0.50 | ||
| Q1 25 | $0.96 | $0.60 | ||
| Q4 24 | $0.97 | $1.85 | ||
| Q3 24 | $-0.60 | $0.65 | ||
| Q2 24 | $1.46 | $0.63 | ||
| Q1 24 | $0.44 | $-1.01 |
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 | $466.4M |
| 总债务越低越好 | $4.3B | $1.2B |
| 股东权益账面价值 | $6.1B | $2.6B |
| 总资产 | $17.8B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.70× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资APAPSN
| Q4 25 | $516.0M | $466.4M | ||
| Q3 25 | $475.0M | $422.6M | ||
| Q2 25 | $107.0M | $411.3M | ||
| Q1 25 | $67.0M | $269.7M | ||
| Q4 24 | $625.0M | $453.5M | ||
| Q3 24 | $64.0M | $558.8M | ||
| Q2 24 | $160.0M | $528.5M | ||
| Q1 24 | $102.0M | $423.1M |
总债务APAPSN
| Q4 25 | $4.3B | $1.2B | ||
| Q3 25 | $4.3B | $1.2B | ||
| Q2 25 | $4.3B | $1.2B | ||
| Q1 25 | $5.2B | $785.2M | ||
| Q4 24 | $6.0B | $784.1M | ||
| Q3 24 | $6.4B | $1.1B | ||
| Q2 24 | $6.7B | $1.2B | ||
| Q1 24 | $5.2B | $1.2B |
股东权益APAPSN
| Q4 25 | $6.1B | $2.6B | ||
| Q3 25 | $6.0B | $2.6B | ||
| Q2 25 | $5.9B | $2.5B | ||
| Q1 25 | $5.4B | $2.5B | ||
| Q4 24 | $5.3B | $2.4B | ||
| Q3 24 | $5.1B | $2.3B | ||
| Q2 24 | $5.4B | $2.2B | ||
| Q1 24 | $2.6B | $2.1B |
总资产APAPSN
| Q4 25 | $17.8B | $5.8B | ||
| Q3 25 | $17.7B | $5.7B | ||
| Q2 25 | $18.1B | $5.7B | ||
| Q1 25 | $18.5B | $5.4B | ||
| Q4 24 | $19.4B | $5.5B | ||
| Q3 24 | $19.4B | $5.4B | ||
| Q2 24 | $20.2B | $5.2B | ||
| Q1 24 | $15.0B | $5.1B |
负债/权益比APAPSN
| Q4 25 | 0.70× | 0.47× | ||
| Q3 25 | 0.72× | 0.48× | ||
| Q2 25 | 0.73× | 0.49× | ||
| Q1 25 | 0.96× | 0.32× | ||
| Q4 24 | 1.13× | 0.32× | ||
| Q3 24 | 1.25× | 0.49× | ||
| Q2 24 | 1.24× | 0.56× | ||
| Q1 24 | 1.99× | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | — | $135.6M |
| 自由现金流率自由现金流/营收 | — | 8.5% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | 2.44× | 3.01× |
| 过去12个月自由现金流最近4个季度 | — | $410.4M |
8季度趋势，按日历期对齐
经营现金流APAPSN
| Q4 25 | $808.0M | $167.5M | ||
| Q3 25 | $1.5B | $162.8M | ||
| Q2 25 | $1.2B | $159.8M | ||
| Q1 25 | $1.1B | $-11.8M | ||
| Q4 24 | $1.0B | $126.8M | ||
| Q3 24 | $1.3B | $299.0M | ||
| Q2 24 | $877.0M | $161.2M | ||
| Q1 24 | $368.0M | $-63.4M |
自由现金流APAPSN
| Q4 25 | — | $135.6M | ||
| Q3 25 | — | $149.7M | ||
| Q2 25 | — | $150.4M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $108.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $152.0M | ||
| Q1 24 | — | $-72.9M |
自由现金流率APAPSN
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | -4.7% |
资本支出强度APAPSN
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.6% |
现金转化率APAPSN
| Q4 25 | 2.44× | 3.01× | ||
| Q3 25 | 7.12× | 2.54× | ||
| Q2 25 | 1.96× | 2.89× | ||
| Q1 25 | 2.62× | -0.18× | ||
| Q4 24 | 2.44× | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| 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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
