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APA Corporation（APA）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
西部数据的季度营收约是APA Corporation的1.4倍（$3.0B vs $2.2B），西部数据净利率更高（61.1% vs 15.0%，领先46.1%），西部数据同比增速更快（31.5% vs -24.3%），过去两年APA Corporation的营收复合增速更高（1.4% vs -6.6%）
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。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
APA vs WDC — 直观对比
营收规模更大
WDC
是对方的1.4倍
$2.2B
营收增速更快
WDC
高出55.9%
-24.3%
净利率更高
WDC
高出46.1%
15.0%
两年增速更快
APA
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.0B |
| 净利润 | $331.0M | $1.8B |
| 毛利率 | — | 45.7% |
| 营业利润率 | 32.5% | 30.1% |
| 净利率 | 15.0% | 61.1% |
| 营收同比 | -24.3% | 31.5% |
| 净利润同比 | -22.1% | 254.2% |
| 每股收益（稀释后） | $0.79 | $4.73 |
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APAWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | $-1.2B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | $2.9B | $4.3B | ||
| Q3 24 | $2.7B | $4.1B | ||
| Q2 24 | $2.8B | $3.8B |
净利润APAWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $331.0M | $1.2B | ||
| Q3 25 | $205.0M | — | ||
| Q2 25 | $603.0M | $282.0M | ||
| Q1 25 | $418.0M | $520.0M | ||
| Q4 24 | $425.0M | $594.0M | ||
| Q3 24 | $-223.0M | $493.0M | ||
| Q2 24 | $541.0M | $39.0M |
毛利率APAWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | 37.9% | ||
| Q2 24 | — | 35.9% |
营业利润率APAWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 32.5% | 28.1% | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | 31.8% | — | ||
| Q1 25 | 31.9% | 33.1% | ||
| Q4 24 | 31.4% | 19.9% | ||
| Q3 24 | -5.2% | 18.1% | ||
| Q2 24 | 34.4% | 5.7% |
净利率APAWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 15.0% | 41.9% | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 26.0% | -24.4% | ||
| Q1 25 | 15.4% | 22.7% | ||
| Q4 24 | 14.6% | 13.9% | ||
| Q3 24 | -8.1% | 12.0% | ||
| Q2 24 | 19.0% | 1.0% |
每股收益（稀释后）APAWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $0.79 | $3.07 | ||
| Q3 25 | $0.57 | — | ||
| Q2 25 | $1.67 | $0.72 | ||
| Q1 25 | $0.96 | $1.42 | ||
| Q4 24 | $0.97 | $1.63 | ||
| Q3 24 | $-0.60 | $1.35 | ||
| Q2 24 | $1.46 | $0.15 |
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 | $2.0B |
| 总债务越低越好 | $4.3B | $4.7B |
| 股东权益账面价值 | $6.1B | $7.1B |
| 总资产 | $17.8B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.70× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资APAWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | $516.0M | $2.0B | ||
| Q3 25 | $475.0M | — | ||
| Q2 25 | $107.0M | $2.1B | ||
| Q1 25 | $67.0M | $3.5B | ||
| Q4 24 | $625.0M | $2.3B | ||
| Q3 24 | $64.0M | $1.7B | ||
| Q2 24 | $160.0M | $1.9B |
总债务APAWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | $4.3B | $4.7B | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | $4.7B | ||
| Q1 25 | $5.2B | $7.3B | ||
| Q4 24 | $6.0B | $7.4B | ||
| Q3 24 | $6.4B | $7.4B | ||
| Q2 24 | $6.7B | $7.4B |
股东权益APAWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $6.1B | $5.9B | ||
| Q3 25 | $6.0B | — | ||
| Q2 25 | $5.9B | $5.3B | ||
| Q1 25 | $5.4B | $5.2B | ||
| Q4 24 | $5.3B | $12.1B | ||
| Q3 24 | $5.1B | $11.6B | ||
| Q2 24 | $5.4B | $10.8B |
总资产APAWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $17.8B | $14.4B | ||
| Q3 25 | $17.7B | — | ||
| Q2 25 | $18.1B | $14.0B | ||
| Q1 25 | $18.5B | $16.4B | ||
| Q4 24 | $19.4B | $25.5B | ||
| Q3 24 | $19.4B | $24.8B | ||
| Q2 24 | $20.2B | $24.2B |
负债/权益比APAWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | 0.70× | 0.80× | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | 0.89× | ||
| Q1 25 | 0.96× | 1.42× | ||
| Q4 24 | 1.13× | 0.61× | ||
| Q3 24 | 1.25× | 0.64× | ||
| Q2 24 | 1.24× | 0.69× |
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 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流APAWDC
| Q1 26 | — | — | ||
| Q4 25 | $808.0M | $672.0M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.2B | $746.0M | ||
| Q1 25 | $1.1B | $508.0M | ||
| Q4 24 | $1.0B | $403.0M | ||
| Q3 24 | $1.3B | $34.0M | ||
| Q2 24 | $877.0M | $366.0M |
自由现金流APAWDC
| Q1 26 | — | — | ||
| Q4 25 | — | $599.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $675.0M | ||
| Q1 25 | — | $379.0M | ||
| Q4 24 | — | $287.0M | ||
| Q3 24 | — | $-62.0M | ||
| Q2 24 | — | $250.0M |
自由现金流率APAWDC
| Q1 26 | — | — | ||
| Q4 25 | — | 21.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -58.5% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | -1.5% | ||
| Q2 24 | — | 6.6% |
资本支出强度APAWDC
| Q1 26 | — | — | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -6.2% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 3.1% |
现金转化率APAWDC
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 0.57× | ||
| Q3 25 | 7.12× | — | ||
| Q2 25 | 1.96× | 2.65× | ||
| Q1 25 | 2.62× | 0.98× | ||
| Q4 24 | 2.44× | 0.68× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | 1.62× | 9.38× |
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% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
