APA CORP (APA) Fundamental Analysis & Valuation

NASDAQ:APA • US03743Q1085

32.97 USD
+1.15 (+3.61%)
At close: Mar 11, 2026
33.09 USD
+0.12 (+0.36%)
After Hours: 3/11/2026, 8:00:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This APA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

APA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 207 industry peers in the Oil, Gas & Consumable Fuels industry. While APA has a great profitability rating, there are some minor concerns on its financial health. APA has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

7

1. APA Profitability Analysis

1.1 Basic Checks

  • In the past year APA was profitable.
  • In the past year APA had a positive cash flow from operations.
  • Each year in the past 5 years APA has been profitable.
  • Of the past 5 years APA 4 years had a positive operating cash flow.
APA Yearly Net Income VS EBIT VS OCF VS FCFAPA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B

1.2 Ratios

  • APA has a Return On Assets of 8.53%. This is amongst the best in the industry. APA outperforms 85.51% of its industry peers.
  • The Return On Equity of APA (25.30%) is better than 90.34% of its industry peers.
  • APA has a better Return On Invested Capital (13.06%) than 90.82% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for APA is significantly below the industry average of 22.52%.
Industry RankSector Rank
ROA 8.53%
ROE 25.3%
ROIC 13.06%
ROA(3y)10.32%
ROA(5y)13.24%
ROE(3y)48.77%
ROE(5y)N/A
ROIC(3y)14.26%
ROIC(5y)18.46%
APA Yearly ROA, ROE, ROICAPA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200 400 600 800

1.3 Margins

  • The Profit Margin of APA (15.65%) is better than 66.67% of its industry peers.
  • APA's Profit Margin has declined in the last couple of years.
  • APA has a Operating Margin of 30.75%. This is in the better half of the industry: APA outperforms 74.88% of its industry peers.
  • APA's Operating Margin has improved in the last couple of years.
  • The Gross Margin of APA (69.21%) is better than 77.29% of its industry peers.
  • APA's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 30.75%
PM (TTM) 15.65%
GM 69.21%
OM growth 3Y-12.55%
OM growth 5Y45.45%
PM growth 3Y-21.45%
PM growth 5YN/A
GM growth 3Y0.1%
GM growth 5Y1.35%
APA Yearly Profit, Operating, Gross MarginsAPA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. APA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), APA is creating value.
  • APA has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for APA has been reduced compared to 5 years ago.
  • The debt/assets ratio for APA has been reduced compared to a year ago.
APA Yearly Shares OutstandingAPA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
APA Yearly Total Debt VS Total AssetsAPA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • Based on the Altman-Z score of 1.55, we must say that APA is in the distress zone and has some risk of bankruptcy.
  • APA has a Altman-Z score (1.55) which is in line with its industry peers.
  • The Debt to FCF ratio of APA is 0.94, which is an excellent value as it means it would take APA, only 0.94 years of fcf income to pay off all of its debts.
  • APA's Debt to FCF ratio of 0.94 is amongst the best of the industry. APA outperforms 87.92% of its industry peers.
  • A Debt/Equity ratio of 0.72 indicates that APA is somewhat dependend on debt financing.
  • APA's Debt to Equity ratio of 0.72 is on the low side compared to the rest of the industry. APA is outperformed by 61.35% of its industry peers.
  • Although APA's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 0.94
Altman-Z 1.55
ROIC/WACC1.74
WACC7.5%
APA Yearly LT Debt VS Equity VS FCFAPA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 0.78 indicates that APA may have some problems paying its short term obligations.
  • APA's Current ratio of 0.78 is on the low side compared to the rest of the industry. APA is outperformed by 69.08% of its industry peers.
  • A Quick Ratio of 0.63 indicates that APA may have some problems paying its short term obligations.
  • APA has a worse Quick ratio (0.63) than 69.57% of its industry peers.
Industry RankSector Rank
Current Ratio 0.78
Quick Ratio 0.63
APA Yearly Current Assets VS Current LiabilitesAPA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. APA Growth Analysis

3.1 Past

  • APA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.80%.
  • Measured over the past years, APA shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -21.32% on average per year.
  • Looking at the last year, APA shows a decrease in Revenue. The Revenue has decreased by -8.39% in the last year.
  • The Revenue has been growing by 15.00% on average over the past years. This is quite good.
EPS 1Y (TTM)0.8%
EPS 3Y-21.32%
EPS 5YN/A
EPS Q2Q%15.19%
Revenue 1Y (TTM)-8.39%
Revenue growth 3Y-6.96%
Revenue growth 5Y15%
Sales Q2Q%-0.56%

3.2 Future

  • APA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.64% yearly.
  • The Revenue is expected to decrease by -0.87% on average over the next years.
EPS Next Y-40.76%
EPS Next 2Y-19.15%
EPS Next 3Y-6.92%
EPS Next 5Y9.64%
Revenue Next Year-17.39%
Revenue Next 2Y-7.27%
Revenue Next 3Y-2.49%
Revenue Next 5Y-0.87%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
APA Yearly Revenue VS EstimatesAPA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
APA Yearly EPS VS EstimatesAPA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 4 6

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Find the best growth stocksShow best growing peers

6

4. APA Valuation Analysis

4.1 Price/Earnings Ratio

  • APA is valuated reasonably with a Price/Earnings ratio of 8.75.
  • Based on the Price/Earnings ratio, APA is valued cheaply inside the industry as 89.37% of the companies are valued more expensively.
  • APA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.15.
  • A Price/Forward Earnings ratio of 14.76 indicates a correct valuation of APA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of APA indicates a somewhat cheap valuation: APA is cheaper than 65.22% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of APA to the average of the S&P500 Index (24.27), we can say APA is valued slightly cheaper.
Industry RankSector Rank
PE 8.75
Fwd PE 14.76
APA Price Earnings VS Forward Price EarningsAPA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, APA is valued cheaper than 96.62% of the companies in the same industry.
  • APA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. APA is cheaper than 98.07% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.45
EV/EBITDA 2.85
APA Per share dataAPA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • APA has a very decent profitability rating, which may justify a higher PE ratio.
  • APA's earnings are expected to decrease with -6.92% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-19.15%
EPS Next 3Y-6.92%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. APA Dividend Analysis

5.1 Amount

  • APA has a Yearly Dividend Yield of 3.09%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.41, APA has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, APA pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.09%

5.2 History

  • The dividend of APA has a limited annual growth rate of 1.06%.
  • APA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • APA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.06%
Div Incr Years0
Div Non Decr Years3
APA Yearly Dividends per shareAPA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 24.12% of the earnings are spent on dividend by APA. This is a low number and sustainable payout ratio.
  • The dividend of APA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP24.12%
EPS Next 2Y-19.15%
EPS Next 3Y-6.92%
APA Yearly Income VS Free CF VS DividendAPA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B
APA Dividend Payout.APA Dividend Payout, showing the Payout Ratio.APA Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

APA Fundamentals: All Metrics, Ratios and Statistics

APA CORP

NASDAQ:APA (3/11/2026, 8:00:00 PM)

After market: 33.09 +0.12 (+0.36%)

32.97

+1.15 (+3.61%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners99.19%
Inst Owner Change-0.45%
Ins Owners0.21%
Ins Owner Change2.21%
Market Cap11.65B
Revenue(TTM)8.92B
Net Income(TTM)1.51B
Analysts64.71
Price Target26.8 (-18.71%)
Short Float %10.56%
Short Ratio5.82
Dividend
Industry RankSector Rank
Dividend Yield 3.09%
Yearly Dividend1.06
Dividend Growth(5Y)1.06%
DP24.12%
Div Incr Years0
Div Non Decr Years3
Ex-Date04-22
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)48.1%
Min EPS beat(2)16.68%
Max EPS beat(2)79.53%
EPS beat(4)3
Avg EPS beat(4)25.8%
Min EPS beat(4)-19.51%
Max EPS beat(4)79.53%
EPS beat(8)4
Avg EPS beat(8)11.4%
EPS beat(12)8
Avg EPS beat(12)12.67%
EPS beat(16)10
Avg EPS beat(16)8.65%
Revenue beat(2)2
Avg Revenue beat(2)13.62%
Min Revenue beat(2)1.54%
Max Revenue beat(2)25.7%
Revenue beat(4)2
Avg Revenue beat(4)2.21%
Min Revenue beat(4)-12.36%
Max Revenue beat(4)25.7%
Revenue beat(8)3
Avg Revenue beat(8)-3.93%
Revenue beat(12)6
Avg Revenue beat(12)-0.81%
Revenue beat(16)10
Avg Revenue beat(16)3.56%
PT rev (1m)1.24%
PT rev (3m)3.08%
EPS NQ rev (1m)-4.1%
EPS NQ rev (3m)-13.2%
EPS NY rev (1m)-3.93%
EPS NY rev (3m)-22.91%
Revenue NQ rev (1m)0.81%
Revenue NQ rev (3m)-5.78%
Revenue NY rev (1m)3.2%
Revenue NY rev (3m)-5.1%
Valuation
Industry RankSector Rank
PE 8.75
Fwd PE 14.76
P/S 1.21
P/FCF 2.45
P/OCF 2.44
P/B 1.95
P/tB 1.95
EV/EBITDA 2.85
EPS(TTM)3.77
EY11.43%
EPS(NY)2.23
Fwd EY6.77%
FCF(TTM)13.46
FCFY40.82%
OCF(TTM)13.51
OCFY40.98%
SpS27.29
BVpS16.89
TBVpS16.89
PEG (NY)N/A
PEG (5Y)N/A
Graham Number37.85
Profitability
Industry RankSector Rank
ROA 8.53%
ROE 25.3%
ROCE 19.57%
ROIC 13.06%
ROICexc 13.48%
ROICexgc 13.48%
OM 30.75%
PM (TTM) 15.65%
GM 69.21%
FCFM 49.31%
ROA(3y)10.32%
ROA(5y)13.24%
ROE(3y)48.77%
ROE(5y)N/A
ROIC(3y)14.26%
ROIC(5y)18.46%
ROICexc(3y)14.61%
ROICexc(5y)18.93%
ROICexgc(3y)14.61%
ROICexgc(5y)18.93%
ROCE(3y)21.37%
ROCE(5y)27.67%
ROICexgc growth 3Y-28.44%
ROICexgc growth 5Y58.41%
ROICexc growth 3Y-28.44%
ROICexc growth 5Y58.41%
OM growth 3Y-12.55%
OM growth 5Y45.45%
PM growth 3Y-21.45%
PM growth 5YN/A
GM growth 3Y0.1%
GM growth 5Y1.35%
F-Score6
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 0.94
Debt/EBITDA 0.8
Cap/Depr 0.79%
Cap/Sales 0.2%
Interest Coverage 9.29
Cash Conversion 89.12%
Profit Quality 315.04%
Current Ratio 0.78
Quick Ratio 0.63
Altman-Z 1.55
F-Score6
WACC7.5%
ROIC/WACC1.74
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.8%
EPS 3Y-21.32%
EPS 5YN/A
EPS Q2Q%15.19%
EPS Next Y-40.76%
EPS Next 2Y-19.15%
EPS Next 3Y-6.92%
EPS Next 5Y9.64%
Revenue 1Y (TTM)-8.39%
Revenue growth 3Y-6.96%
Revenue growth 5Y15%
Sales Q2Q%-0.56%
Revenue Next Year-17.39%
Revenue Next 2Y-7.27%
Revenue Next 3Y-2.49%
Revenue Next 5Y-0.87%
EBIT growth 1Y-9.93%
EBIT growth 3Y-18.64%
EBIT growth 5Y67.27%
EBIT Next Year59.04%
EBIT Next 3Y22.39%
EBIT Next 5Y16.93%
FCF growth 1Y51.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y32.07%
OCF growth 3YN/A
OCF growth 5YN/A

APA CORP / APA FAQ

Can you provide the ChartMill fundamental rating for APA CORP?

ChartMill assigns a fundamental rating of 5 / 10 to APA.


What is the valuation status for APA stock?

ChartMill assigns a valuation rating of 6 / 10 to APA CORP (APA). This can be considered as Fairly Valued.


Can you provide the profitability details for APA CORP?

APA CORP (APA) has a profitability rating of 7 / 10.


What is the valuation of APA CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for APA CORP (APA) is 8.75 and the Price/Book (PB) ratio is 1.95.


Can you provide the expected EPS growth for APA stock?

The Earnings per Share (EPS) of APA CORP (APA) is expected to decline by -40.76% in the next year.