APA APA margins

Relative Growth: Rel. Growth: 38

Relative Strength: Rel. Strength: 90

Relative Valuation: Rel. Valuation: 94

Relative Profitability: Rel. Profitability: 91

Gross margin

46.2%

Operating margin

38.6%

EBITDA margin

60.5%

Net margin

19.5%

For this period, APA reports a gross margin of 46.2%, an operating margin of 38.6%, an EBITDA margin of 60.5%, and a net margin of 19.5%. Each available margin increased from the same period last year. EBITDA margin recorded the strongest gain, rising by 18.8 percentage points.

APA margin history

Gross, operating, EBITDA and net margin trends

APA's margins averaged 40.75% gross, 29.62% operating, 49.2% EBITDA, and 20.24% net during the last 3 years. Against the three-year averages, gross, operating, and EBITDA margins are above their three-year averages and net margin is below its three-year average.

APA margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with EBITDA margin showing the largest gain at 18.8 percentage points.

Gross margin expansion

8.6pp

Operating margin expansion

17.6pp

EBITDA margin expansion

18.8pp

Net margin expansion

9pp

APA Gross margin

Across the last 3 years, APA's gross margin averaged 40.75%. The current gross margin stands at 46.2%, 5.5 percentage points above its three-year average. Gross margin was highest at 46.2% in Jun 2026 and lowest at 36.5% in Sep 2025.

APA Operating margin

The average operating margin for APA was 29.62% during the last 3 years. At present, the current operating margin for APA is 38.6%, 9 percentage points above its three-year average. The operating margin for APA moved between 19.5% in Dec 2024 and 39% in Dec 2023.

APA EBITDA margin

Over the last 3 years, the average EBITDA margin for APA was 49.2%. As of the latest period, the current EBITDA margin for APA is 60.5%, 11.3 percentage points above its three-year average. APA's EBITDA margin ranged from a low of 39.6% in Dec 2024 to a high of 60.5% in Jun 2026.

APA Net margin

Across the last 3 years, APA's net margin averaged 20.24%. The current net margin stands at 19.5%, 0.7 percentage points below its three-year average. Net margin was highest at 34.9% in Dec 2023 and lowest at 8.3% in Dec 2024.

APA margin group comparison

Margins compared with peer-group, industry and sector averages

APA's gross margin of 46.2% is higher than the Energy sector and its peers average but lower than the industry average. In comparison with the Energy sector average of 42.7%, APA's gross margin is 8% higher.

APA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is APA's gross margin?

The current gross margin for APA is 46.2% as of Jun 30, 2026.

What is APA's operating margin?

For the period ending Jun 30, 2026, APA recorded an operating margin of 38.6%.

What is APA's EBITDA margin?

As of Jun 30, 2026, APA has an EBITDA margin of 60.5%.

What is APA's net margin?

As of Jun 30, 2026, APA has a net margin of 19.5%.

What are the average margins of APA?

APA's gross, operating, EBITDA, and net margins averaged 40.8% gross, 29.6% operating, 49.2% EBITDA, and 20.2% net over the last 3 years.

What are the highest historical margins of APA?

APA's highest recorded margins during the past 5 years were 55.7% gross in Sep 2022, 50.4% operating in Dec 2022, 60.5% EBITDA in Jun 2026, and 34.9% net in Dec 2023.

What are the lowest historical margins of APA?

APA's lowest recorded margins during the past 5 years were 36.5% gross in Sep 2025, 19.5% operating in Dec 2024, 39.6% EBITDA in Dec 2024, and 8.3% net in Dec 2024.