Last 47 quarters of trend data · Energy · Oil & Gas Exploration & Production
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.95 | 3.86 | 8.42 | 7.74 | 10.65 | 2.74 | 5.53 | 6.01 | — | 5.04 | 19.53 | 1.55 | 6.90 | 6.95 | 11.56 | 8.46 | 6.68 | 3.22 | 1.90 | 6.40 | — |
| — | +40.9% | +52.2% | +28.7% | — | -45.7% | -71.7% | +287.5% | — | -27.4% | +69.0% | -81.6% | +3.3% | +115.7% | +507.4% | +32.1% | — | -51.2% | -56.6% | — | — | |
| P/S Ratio | 1.73 | 1.20 | 1.61 | 1.09 | 1.04 | 0.76 | 0.73 | 0.79 | 0.89 | 1.08 | 1.33 | 1.27 | 1.37 | 1.47 | 1.40 | 1.52 | 0.98 | 0.98 | 1.34 | 1.06 | 0.99 |
| — | +58.1% | +122.4% | +38.8% | +15.9% | -29.4% | -45.5% | -38.2% | -34.8% | -26.7% | -5.0% | -16.4% | +40.3% | +50.1% | +4.3% | +43.6% | -0.9% | -16.1% | +48.2% | -3.8% | +23.4% | |
| P/B Ratio | 2.24 | 1.45 | 2.03 | 1.24 | 1.28 | 0.96 | 1.18 | 1.34 | 1.47 | 1.69 | 2.84 | 2.98 | 6.01 | 6.23 | 7.85 | 11.18 | 7.27 | 7.93 | 16.83 | — | 16.75 |
| — | +51.3% | +71.5% | -7.4% | -13.1% | -43.1% | -58.3% | -55.1% | -75.5% | -72.9% | -63.8% | -73.3% | -17.4% | -21.5% | -53.4% | — | -56.6% | -92.6% | -14.6% | — | — | |
| P/FCF | 8.68 | 2.54 | 313.00 | 9.96 | 2.96 | 3.22 | 6.25 | 6.23 | 4.79 | 22.63 | — | 6.05 | 23.44 | 6.28 | — | 4.84 | 25.64 | 2.60 | 6.99 | 3.16 | 3.79 |
| — | -21.3% | +4907.1% | +59.9% | -38.3% | -85.8% | — | +2.9% | -79.6% | +260.0% | — | +25.0% | -8.6% | +141.4% | — | +53.2% | +576.9% | -15.8% | +71.0% | -29.1% | -72.5% | |
| EV / EBITDA | 3.74 | 2.78 | 3.48 | 2.56 | 2.51 | 2.33 | 2.31 | 2.23 | 2.63 | 2.98 | 3.73 | 2.93 | 3.42 | 3.90 | 3.66 | 3.72 | 2.64 | 2.35 | 3.06 | 3.03 | 3.37 |
| — | +19.5% | +50.9% | +14.5% | -4.3% | -21.8% | -38.2% | -23.6% | -23.1% | -23.7% | +2.1% | -21.4% | +29.3% | +65.8% | +19.5% | +22.9% | -21.5% | -44.2% | -30.8% | -50.4% | -40.4% | |
| EV / EBIT | 7.18 | 2.78 | 4.34 | 5.93 | 5.78 | 2.55 | 3.85 | 5.91 | — | 4.29 | 7.42 | 6.55 | 4.99 | 5.13 | 4.78 | 5.80 | 3.34 | 2.78 | 2.11 | 5.71 | 17.16 |
| — | +9.2% | +12.7% | +0.4% | — | -40.6% | -48.2% | -9.8% | — | -16.5% | +55.4% | +12.9% | +49.4% | +84.8% | +126.6% | +1.5% | -80.5% | -57.3% | -59.2% | -70.9% | +0.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.3% | 1.1% | 77.3% | 39.2% | 38.7% | 36.3% | 38.2% | 40.5% | 43.6% | 45.8% | 48.0% | 51.3% | 51.8% | 47.8% | 52.8% | 53.6% | 53.4% | 58.7% | 60.0% | 48.4% | 45.8% |
| — | -97.0% | +102.2% | -3.2% | -11.3% | -20.7% | -20.3% | -21.0% | -15.9% | -4.3% | -9.2% | -4.3% | -2.9% | -18.5% | -12.0% | +10.7% | +16.4% | +33.6% | +57.5% | +72.4% | +58.0% | |
| Operating Margin | 30.8% | -45.7% | 35.7% | 32.1% | 31.8% | 30.8% | 29.3% | 30.6% | 34.6% | 35.2% | 31.4% | 42.0% | 39.8% | 37.0% | 41.4% | 41.1% | 43.9% | 50.4% | 50.6% | 46.7% | 38.7% |
| — | -248.3% | +21.6% | +4.9% | -8.2% | -12.4% | -6.7% | -27.1% | -13.0% | -5.1% | -24.2% | +2.3% | -9.3% | -26.5% | -18.1% | -12.0% | +13.3% | +52.6% | +85.9% | +212.9% | +181.5% | |
| Net Margin | 16.1% | 31.1% | 19.2% | 14.0% | 9.7% | 27.7% | 13.2% | 13.1% | -8.8% | 21.3% | 6.8% | 81.8% | 19.9% | 21.2% | 12.1% | 17.9% | 14.6% | 30.4% | 67.9% | 20.5% | -4.0% |
| — | +12.5% | +45.6% | +7.4% | +210.0% | +30.1% | +94.6% | -84.0% | -144.3% | +0.3% | -43.9% | +356.6% | +36.1% | -30.2% | -82.3% | -12.5% | +462.6% | +57.0% | +212.3% | +732.5% | -401.0% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.5% | 9.7% | 6.2% | 4.0% | 3.0% | 9.0% | 5.4% | 5.7% | -3.5% | 10.7% | 3.6% | 61.2% | 24.1% | 24.4% | 17.4% | 30.6% | 27.6% | 78.6% | 2685.9% | — | -29.6% |
| — | +7.9% | +14.5% | -28.8% | +184.5% | -15.4% | +50.5% | -90.8% | -114.6% | -56.2% | -79.4% | +99.9% | -12.6% | -69.0% | -99.4% | — | +193.3% | -51.5% | +2170.2% | — | — | |
| ROA | 7.5% | 4.1% | 2.4% | 1.5% | 1.1% | 3.3% | 1.8% | 1.8% | -1.1% | 3.1% | 0.9% | 12.3% | 3.4% | 2.9% | 1.8% | 3.3% | 3.2% | 7.3% | 14.1% | 3.5% | -0.6% |
| — | +25.8% | +31.5% | -16.7% | +201.7% | +7.0% | +109.3% | -85.2% | -132.9% | +6.9% | -52.4% | +272.2% | +7.8% | -60.5% | -86.9% | -6.5% | +613.6% | +185.6% | +347.1% | +1411.4% | -634.0% | |
| ROIC | 17.8% | -7.1% | 5.4% | 4.3% | 4.5% | 4.3% | 4.9% | 5.1% | 5.1% | 6.1% | 5.2% | 8.2% | 9.2% | 6.9% | 9.0% | 11.2% | 14.0% | 17.4% | 15.3% | 11.4% | 7.9% |
| — | -265.6% | +11.3% | -15.4% | -12.0% | -29.2% | -5.9% | -38.1% | -44.6% | -11.8% | -42.2% | -26.3% | -34.2% | -60.3% | -41.6% | -1.6% | +77.7% | +223.7% | +233.5% | +599.6% | +500.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.69 | 0.49 | 0.61 | 0.69 | 0.67 | 0.68 | 0.85 | 0.97 | 1.05 | 1.05 | 1.45 | 1.44 | 2.70 | 3.35 | 4.15 | 4.18 | 3.64 | 3.59 | 7.04 | — | 15.45 |
| — | -27.7% | -27.8% | -29.1% | -36.3% | -35.9% | -41.4% | -32.6% | -61.1% | -68.5% | -65.0% | -65.6% | -25.7% | -6.8% | -41.1% | — | -76.5% | -96.9% | -72.5% | — | — | |
| Debt / EBITDA | 0.91 | 2.88 | 3.28 | 3.79 | 3.58 | 3.88 | 3.88 | 3.92 | 4.40 | 4.62 | 5.08 | 3.82 | 4.26 | 5.50 | 5.10 | 4.10 | 3.58 | 2.98 | 3.66 | 5.41 | 6.62 |
| — | -25.8% | -15.4% | -3.2% | -18.5% | -15.9% | -23.7% | +2.4% | +3.2% | -16.0% | -0.5% | -6.8% | +19.0% | +84.6% | +39.6% | -24.2% | -45.9% | -68.2% | -64.7% | -65.2% | -59.6% | |
| Current Ratio | 0.82 | 0.95 | 0.92 | 0.82 | 0.78 | 0.80 | 0.89 | 1.15 | 1.24 | 1.01 | 1.16 | 1.02 | 1.06 | 0.99 | 1.11 | 0.93 | 1.05 | 1.10 | 1.23 | 1.12 | 1.19 |
| — | +17.6% | +3.8% | -28.4% | -37.4% | -20.3% | -24.0% | +12.5% | +16.5% | +2.2% | +4.6% | +10.3% | +1.1% | -9.8% | -9.2% | -17.4% | -11.4% | -34.0% | -30.0% | -20.3% | -4.7% | |
| Quick Ratio | 0.69 | 0.79 | 0.78 | 0.69 | 0.63 | 0.67 | 0.74 | 1.01 | 1.07 | 0.85 | 0.95 | 0.84 | 0.89 | 0.80 | 0.91 | 0.78 | 0.89 | 0.93 | 0.98 | 0.90 | 0.93 |
| — | +18.4% | +5.9% | -31.7% | -40.6% | -21.2% | -21.6% | +20.6% | +19.2% | +5.7% | +3.4% | +6.8% | +1.0% | -13.5% | -6.3% | -13.2% | -4.4% | -33.3% | -29.1% | -13.0% | +5.4% | |
| Interest Coverage | 10.45 | 19.51 | 15.87 | 8.97 | 9.28 | 15.25 | 9.55 | 6.26 | -2.37 | 9.99 | 6.65 | 7.75 | 11.02 | 9.22 | 10.75 | 11.28 | 16.41 | 19.44 | 26.80 | 7.94 | 2.20 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying APA stock.
APA Corporation's current P/E is 10.9x. The average P/E over the last 4 quarters is 7.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
APA Corporation's current operating margin is 30.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking APA Corporation's business trajectory between earnings reports.