APA (APA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

APA

NasdaqGS•Energy•Oil & Gas E&P

$44.98-0.48(-0.01%)Market open

Market Cap

$16.05B

P/E

7.9x

P/S

1.9x

P/B

2.3x

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company has oil and gas operations in the United States, Egypt, and North Sea. It also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally. APA Corporation was incorporated in 1954 and is headquartered in Houston, Texas.

How this company scores

ExcellentMetricSide Score: 80/100

Strongest: Profitability (25/25); weakest: Growth (12/25).

Profitability25/25

Growth12/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 7.9x5y range 6.1x – 10.9x

Currently near its 5-quarter median.

P/S · 1.9x5y range 0.6x – 1.9x

Currently above its 19-quarter median.

P/B · 2.3x5y range 1.1x – 18.5x

Currently near its 17-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Revenue Decline

Red Flag

Revenue declined in 5 of the last 7 quarters — persistent contraction signals a fundamental problem.

Price & Volume

Market Cap $16.05B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $8.61B
Q. Revenue: $2.40B
TTM EBITDA: $6.01B
TTM Op. Income: $3.82B
Q. Op. Income: $1.28B
TTM Net Income: $2.02B
Q. Net Income: $747.00M
EPS: $2.11
Shares Out.: $353.00M

$8.61B in TTM revenue declined 16.1% YoY, reaching $2.40B last quarter. TTM EBITDA of $6.01B and TTM operating income of $3.82B show growth is flowing through to the bottom line. TTM net income of $2.02B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 5 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 74.4%
Op. Margin: 53.4%
Net Margin: 31.1%

Op. margin of 53.4% is up 25.1% YoY — cost efficiency is improving. Net margin at 31.1% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 7.9x
P/S Ratio: 1.9x
P/B Ratio: 2.3x

At 7.9x P/E, the stock trades below typical market levels. P/S of 1.9x and P/B of 2.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 28% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $17.97B
Cash: $444.00M
Long-Term Debt: $3.74B
Book Value: $7.02B
D/E Ratio: 0.5
Debt/EBITDA: 2.1

With $17.97B in assets and $3.74B in long-term debt, D/E is 0.5and book value is $7.02B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.71B
TTM Free Cash Flow: $2.11B
FCF Margin: 24.6%
FCF / Net Income: 1.0

TTM FCF of $2.11B on $1.71B in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 33% — an improving trend.