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APA Corporation（APA）与WORLD KINECT CORP（WKC）财务数据对比。点击上方公司名可切换其他公司
WORLD KINECT CORP的季度营收约是APA Corporation的4.4倍（$9.7B vs $2.2B）。APA Corporation净利率更高（15.0% vs -0.0%，领先15.0%）。WORLD KINECT CORP同比增速更快（2.0% vs -24.3%）。过去两年APA Corporation的营收复合增速更高（1.4% vs -6.0%）
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。
世界科耐特公司（原世界燃料服务公司）是一家总部位于美国佛罗里达州多拉市的能源大宗商品服务企业，在2022年财富美国500强榜单中排名第70位。公司核心业务涵盖航空、海运、建筑及陆路运输领域能源大宗商品的销售、交易与融资及相关服务，2013年起也开展天然气与电力相关业务。
APA vs WKC — 直观对比
营收规模更大
WKC
是对方的4.4倍
$2.2B
营收增速更快
WKC
高出26.3%
-24.3%
净利率更高
APA
高出15.0%
-0.0%
两年增速更快
APA
近两年复合增速
-6.0%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $9.7B |
| 净利润 | $331.0M | $-700.0K |
| 毛利率 | — | 2.8% |
| 营业利润率 | 32.5% | — |
| 净利率 | 15.0% | -0.0% |
| 营收同比 | -24.3% | 2.0% |
| 净利润同比 | -22.1% | -250.0% |
| 每股收益（稀释后） | $0.79 | $0.50 |
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APAWKC
| Q1 26 | — | $9.7B | ||
| Q4 25 | $2.2B | $9.0B | ||
| Q3 25 | $2.3B | $9.4B | ||
| Q2 25 | $2.3B | $9.0B | ||
| Q1 25 | $2.7B | $9.5B | ||
| Q4 24 | $2.9B | $9.8B | ||
| Q3 24 | $2.7B | $10.5B | ||
| Q2 24 | $2.8B | $11.0B |
净利润APAWKC
| Q1 26 | — | $-700.0K | ||
| Q4 25 | $331.0M | $-279.6M | ||
| Q3 25 | $205.0M | $25.7M | ||
| Q2 25 | $603.0M | $-339.4M | ||
| Q1 25 | $418.0M | $-21.1M | ||
| Q4 24 | $425.0M | $-101.8M | ||
| Q3 24 | $-223.0M | $33.5M | ||
| Q2 24 | $541.0M | $108.3M |
毛利率APAWKC
| Q1 26 | — | 2.8% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.2% |
营业利润率APAWKC
| Q1 26 | — | — | ||
| Q4 25 | 32.5% | -3.1% | ||
| Q3 25 | 33.7% | 0.7% | ||
| Q2 25 | 31.8% | -3.8% | ||
| Q1 25 | 31.9% | -0.1% | ||
| Q4 24 | 31.4% | 0.3% | ||
| Q3 24 | -5.2% | 0.7% | ||
| Q2 24 | 34.4% | 0.4% |
净利率APAWKC
| Q1 26 | — | -0.0% | ||
| Q4 25 | 15.0% | -3.1% | ||
| Q3 25 | 9.0% | 0.3% | ||
| Q2 25 | 26.0% | -3.8% | ||
| Q1 25 | 15.4% | -0.2% | ||
| Q4 24 | 14.6% | -1.0% | ||
| Q3 24 | -8.1% | 0.3% | ||
| Q2 24 | 19.0% | 1.0% |
每股收益（稀释后）APAWKC
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.79 | $-5.02 | ||
| Q3 25 | $0.57 | $0.46 | ||
| Q2 25 | $1.67 | $-6.06 | ||
| Q1 25 | $0.96 | $-0.37 | ||
| Q4 24 | $0.97 | $-1.70 | ||
| Q3 24 | $-0.60 | $0.57 | ||
| Q2 24 | $1.46 | $1.81 |
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 | $151.1M |
| 总债务越低越好 | $4.3B | $798.7M |
| 股东权益账面价值 | $6.1B | $1.2B |
| 总资产 | $17.8B | $6.8B |
| 负债/权益比越低杠杆越低 | 0.70× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资APAWKC
| Q1 26 | — | $151.1M | ||
| Q4 25 | $516.0M | $193.5M | ||
| Q3 25 | $475.0M | $473.6M | ||
| Q2 25 | $107.0M | $403.2M | ||
| Q1 25 | $67.0M | $456.4M | ||
| Q4 24 | $625.0M | $382.9M | ||
| Q3 24 | $64.0M | $373.8M | ||
| Q2 24 | $160.0M | $524.6M |
总债务APAWKC
| Q1 26 | — | $798.7M | ||
| Q4 25 | $4.3B | $685.2M | ||
| Q3 25 | $4.3B | $766.6M | ||
| Q2 25 | $4.3B | $775.2M | ||
| Q1 25 | $5.2B | $792.3M | ||
| Q4 24 | $6.0B | $796.8M | ||
| Q3 24 | $6.4B | $798.0M | ||
| Q2 24 | $6.7B | $797.8M |
股东权益APAWKC
| Q1 26 | — | $1.2B | ||
| Q4 25 | $6.1B | $1.3B | ||
| Q3 25 | $6.0B | $1.6B | ||
| Q2 25 | $5.9B | $1.6B | ||
| Q1 25 | $5.4B | $1.9B | ||
| Q4 24 | $5.3B | $1.9B | ||
| Q3 24 | $5.1B | $2.0B | ||
| Q2 24 | $5.4B | $2.0B |
总资产APAWKC
| Q1 26 | — | $6.8B | ||
| Q4 25 | $17.8B | $5.9B | ||
| Q3 25 | $17.7B | $6.1B | ||
| Q2 25 | $18.1B | $6.1B | ||
| Q1 25 | $18.5B | $6.6B | ||
| Q4 24 | $19.4B | $6.7B | ||
| Q3 24 | $19.4B | $7.0B | ||
| Q2 24 | $20.2B | $7.2B |
负债/权益比APAWKC
| Q1 26 | — | 0.66× | ||
| Q4 25 | 0.70× | 0.53× | ||
| Q3 25 | 0.72× | 0.47× | ||
| Q2 25 | 0.73× | 0.48× | ||
| Q1 25 | 0.96× | 0.41× | ||
| Q4 24 | 1.13× | 0.41× | ||
| Q3 24 | 1.25× | 0.39× | ||
| Q2 24 | 1.24× | 0.39× |
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 | — | $-60.2M |
| 自由现金流率自由现金流/营收 | — | -0.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $67.9M |
8季度趋势，按日历期对齐
经营现金流APAWKC
| Q1 26 | — | — | ||
| Q4 25 | $808.0M | $34.2M | ||
| Q3 25 | $1.5B | $116.1M | ||
| Q2 25 | $1.2B | $28.2M | ||
| Q1 25 | $1.1B | $114.4M | ||
| Q4 24 | $1.0B | $120.3M | ||
| Q3 24 | $1.3B | $-38.5M | ||
| Q2 24 | $877.0M | $67.9M |
自由现金流APAWKC
| Q1 26 | — | $-60.2M | ||
| Q4 25 | — | $12.9M | ||
| Q3 25 | — | $102.0M | ||
| Q2 25 | — | $13.2M | ||
| Q1 25 | — | $99.2M | ||
| Q4 24 | — | $102.4M | ||
| Q3 24 | — | $-56.7M | ||
| Q2 24 | — | $53.3M |
自由现金流率APAWKC
| Q1 26 | — | -0.6% | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | -0.5% | ||
| Q2 24 | — | 0.5% |
资本支出强度APAWKC
| Q1 26 | — | 0.1% | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% |
现金转化率APAWKC
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | — | ||
| Q3 25 | 7.12× | 4.52× | ||
| Q2 25 | 1.96× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | -1.15× | ||
| Q2 24 | 1.62× | 0.63× |
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% |
WKC
| Aviation segment | $5.0B | 52% |
| Land segment | $2.9B | 30% |
| Marine segment | $1.9B | 20% |
