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APA Corporation（APA）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是APA Corporation的1.2倍（$2.7B vs $2.2B），APA Corporation净利率更高（15.0% vs 2.5%，领先12.5%），Rocket Companies, Inc.同比增速更快（52.2% vs -24.3%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
APA vs RKT — 直观对比
营收规模更大
RKT
是对方的1.2倍
$2.2B
营收增速更快
RKT
高出76.5%
-24.3%
净利率更高
APA
高出12.5%
2.5%
两年增速更快
RKT
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.7B |
| 净利润 | $331.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 32.5% | 6.3% |
| 净利率 | 15.0% | 2.5% |
| 营收同比 | -24.3% | 52.2% |
| 净利润同比 | -22.1% | 100.8% |
| 每股收益（稀释后） | $0.79 | $0.10 |
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APARKT
| Q4 25 | $2.2B | $2.7B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.3B | $1.4B | ||
| Q1 25 | $2.7B | $1.0B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $2.7B | $646.9M | ||
| Q2 24 | $2.8B | $1.3B | ||
| Q1 24 | $2.1B | $1.4B |
净利润APARKT
| Q4 25 | $331.0M | $68.0M | ||
| Q3 25 | $205.0M | $-123.9M | ||
| Q2 25 | $603.0M | $-1.8M | ||
| Q1 25 | $418.0M | $-10.4M | ||
| Q4 24 | $425.0M | $33.9M | ||
| Q3 24 | $-223.0M | $-22.0M | ||
| Q2 24 | $541.0M | $1.3M | ||
| Q1 24 | $212.0M | $16.2M |
毛利率APARKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率APARKT
| Q4 25 | 32.5% | 6.3% | ||
| Q3 25 | 33.7% | -11.5% | ||
| Q2 25 | 31.8% | 1.8% | ||
| Q1 25 | 31.9% | -21.5% | ||
| Q4 24 | 31.4% | 38.1% | ||
| Q3 24 | -5.2% | -76.9% | ||
| Q2 24 | 34.4% | 14.8% | ||
| Q1 24 | 32.2% | 21.6% |
净利率APARKT
| Q4 25 | 15.0% | 2.5% | ||
| Q3 25 | 9.0% | -7.7% | ||
| Q2 25 | 26.0% | -0.1% | ||
| Q1 25 | 15.4% | -1.0% | ||
| Q4 24 | 14.6% | 1.9% | ||
| Q3 24 | -8.1% | -3.4% | ||
| Q2 24 | 19.0% | 0.1% | ||
| Q1 24 | 9.9% | 1.2% |
每股收益（稀释后）APARKT
| Q4 25 | $0.79 | $0.10 | ||
| Q3 25 | $0.57 | $-0.06 | ||
| Q2 25 | $1.67 | $-0.01 | ||
| Q1 25 | $0.96 | $-0.08 | ||
| Q4 24 | $0.97 | $0.28 | ||
| Q3 24 | $-0.60 | $-0.19 | ||
| Q2 24 | $1.46 | $0.01 | ||
| Q1 24 | $0.44 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $6.1B | $22.9B |
| 总资产 | $17.8B | $60.7B |
| 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APARKT
| Q4 25 | $516.0M | $2.7B | ||
| Q3 25 | $475.0M | $5.8B | ||
| Q2 25 | $107.0M | $5.1B | ||
| Q1 25 | $67.0M | $1.4B | ||
| Q4 24 | $625.0M | $1.3B | ||
| Q3 24 | $64.0M | $1.2B | ||
| Q2 24 | $160.0M | $1.3B | ||
| Q1 24 | $102.0M | $861.4M |
总债务APARKT
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $5.2B | — |
股东权益APARKT
| Q4 25 | $6.1B | $22.9B | ||
| Q3 25 | $6.0B | $8.9B | ||
| Q2 25 | $5.9B | $7.4B | ||
| Q1 25 | $5.4B | $8.6B | ||
| Q4 24 | $5.3B | $9.0B | ||
| Q3 24 | $5.1B | $8.4B | ||
| Q2 24 | $5.4B | $8.8B | ||
| Q1 24 | $2.6B | $8.6B |
总资产APARKT
| Q4 25 | $17.8B | $60.7B | ||
| Q3 25 | $17.7B | $33.6B | ||
| Q2 25 | $18.1B | $30.4B | ||
| Q1 25 | $18.5B | $25.3B | ||
| Q4 24 | $19.4B | $24.5B | ||
| Q3 24 | $19.4B | $25.1B | ||
| Q2 24 | $20.2B | $23.6B | ||
| Q1 24 | $15.0B | $22.2B |
负债/权益比APARKT
| 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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 2.44× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流APARKT
| Q4 25 | $808.0M | $-1.2B | ||
| Q3 25 | $1.5B | $-50.3M | ||
| Q2 25 | $1.2B | $-1.9B | ||
| Q1 25 | $1.1B | $-797.0M | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $1.3B | $-1.3B | ||
| Q2 24 | $877.0M | $-122.3M | ||
| Q1 24 | $368.0M | $-3.0B |
自由现金流APARKT
| Q4 25 | — | $-1.3B | ||
| Q3 25 | — | $-71.8M | ||
| Q2 25 | — | $-1.9B | ||
| Q1 25 | — | $-811.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.4B | ||
| Q2 24 | — | $-138.3M | ||
| Q1 24 | — | $-3.0B |
自由现金流率APARKT
| Q4 25 | — | -47.2% | ||
| Q3 25 | — | -4.5% | ||
| Q2 25 | — | -137.2% | ||
| Q1 25 | — | -78.2% | ||
| Q4 24 | — | 103.1% | ||
| Q3 24 | — | -209.6% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -218.7% |
资本支出强度APARKT
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.0% |
现金转化率APARKT
| Q4 25 | 2.44× | -18.08× | ||
| Q3 25 | 7.12× | — | ||
| Q2 25 | 1.96× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.62× | -94.46× | ||
| Q1 24 | 1.74× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
