APA Corporation (APA)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,214,000 | 3,294,000 | 3,336,000 | 3,107,000 | 3,326,000 | 3,431,000 | 3,779,000 | 4,650,000 | 6,738,000 | 6,454,000 | 5,985,000 | 5,029,000 | 3,113,000 | 2,522,000 | 1,888,000 | 1,063,000 | 173,000 | -236,000 | -272,000 | 231,000 |
| Revenue (ttm) | US$ in thousands | 9,737,000 | 9,192,000 | 8,969,000 | 8,222,000 | 8,279,000 | 8,584,000 | 9,163,000 | 10,414,000 | 11,075,000 | 10,902,000 | 10,074,000 | 8,783,000 | 7,985,000 | 6,905,000 | 5,966,000 | 4,962,000 | 4,435,000 | 4,841,000 | 5,159,000 | 6,005,000 |
| Operating profit margin | 33.01% | 35.84% | 37.19% | 37.79% | 40.17% | 39.97% | 41.24% | 44.65% | 60.84% | 59.20% | 59.41% | 57.26% | 38.99% | 36.52% | 31.65% | 21.42% | 3.90% | -4.88% | -5.27% | 3.85% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,214,000K ÷ $9,737,000K
= 33.01%
The operating profit margin of APA Corporation has shown fluctuations over the past few years. From March 31, 2020, to December 31, 2020, the company experienced negative operating profit margins, indicating that expenses were exceeding revenues during that period. However, starting from March 31, 2021, the operating profit margin began to improve significantly, reaching a peak of 60.84% by December 31, 2022.
Subsequently, the operating profit margin witnessed a slight decline but remained relatively high, ranging between 33.01% to 59.41% from December 31, 2022, to June 30, 2024. This indicates that APA Corporation managed to effectively control its operating expenses and generate higher profits compared to its revenue during this period.
Overall, APA Corporation's operating profit margin has shown a positive trend since March 31, 2021, with occasional fluctuations. The company seems to have implemented strategies to improve operational efficiency and profitability, as evidenced by the significant increase in operating profit margins in recent years.
Peer comparison
Dec 31, 2024