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APA profit margin APA

Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.

Net margin, 12 months
21.1%
Operating margin, 12 months
37.5%
Net margin on a year earlier
+4.2 pts
Peer median
19.3%

Over the twelve months to Jun 30, 2026, APA kept 21.1% of its revenue as net profit, with an operating margin of 37.5%.

Five years earlier its net margin was 13.8%.

The median for 10 oil and gas producers of a similar size is 19.3%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY202517.6%27.9%n/a
FY202414.0%15.8%n/a
FY202338.7%35.9%n/a
FY202236.9%42.2%n/a
FY202116.4%24.4%n/a
FY2020n/a−97.7%n/a
FY20183.9%19.3%95.3%
FY201720.3%20.5%n/a
FY2016−26.2%n/an/a
FY2015n/an/an/a
FY2014−40.5%n/an/a
FY201314.0%n/an/a
FY201211.7%n/an/a
FY201127.1%n/an/a
FY201025.1%n/an/a

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY2621.1%+4.2 pts37.5%
Q1 FY2619.6%+4.6 pts30.7%
Q4 FY2517.6%+3.5 pts27.9%
Q3 FY2522.0%−9.1 pts28.0%
Q2 FY2516.9%−22.0 pts17.3%
Q1 FY2515.1%−24.5 pts17.5%
Q4 FY2414.0%−24.7 pts15.8%
Q3 FY2431.1%+10.0 pts16.6%
Q2 FY2438.9%+19.5 pts30.4%
Q1 FY2439.6%+16.7 pts32.2%
Q4 FY2338.7%+1.9 pts35.9%
Q3 FY2321.1%−13.7 pts35.7%

Against its peers

Companies in Oil & Gas Exploration & Production nearest APA's size, closest first, today.

CompanyProfit margin
APAAPA21.1%
VNOMViper Energy2.9%
OVVOvintiv9.4%
PRPermian Resources21.5%
EXEExpand Energy20.5%
TPLTexas Pacific Land60.3%
ARANTERO RESOURCES17.7%
RRCRange Resources25.0%
SMSM Energy18.2%
EQTEQT28.4%
CHRDChord Energy13.4%
Peer median19.3%

Where APA ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on APA

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.