APA APA margins

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Relative Growth: Rel. Growth: 52
Relative Strength: Rel. Strength: 92
Relative Valuation: Rel. Valuation: 95
Relative Profitability: Rel. Profitability: 93
Gross margin
49.8%
Operating margin
42.9%
EBITDA margin
61.9%
Net margin
22.9%

For this period, APA reports a gross margin of 49.8%, an operating margin of 42.9%, an EBITDA margin of 61.9%, and a net margin of 22.9%. Each available margin increased from the same period last year. Gross margin recorded the strongest gain, rising by 14 percentage points.

APA margin history

Gross, operating, EBITDA and net margin trends

APA's margins averaged 41.33% gross, 30.54% operating, 50.35% EBITDA, and 20.4% net during the last 3 years. Currently all four current margins are above their three-year averages.

APA margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with gross margin showing the largest gain at 14 percentage points.

Gross margin expansion
14pp
Operating margin expansion
13.4pp
EBITDA margin expansion
9.4pp
Net margin expansion
7.2pp

APA Gross margin

Across the last 3 years, APA's gross margin averaged 41.33%. The current gross margin stands at 49.8%, 8.5 percentage points above its three-year average. Gross margin was highest at 49.8% in Sep 2026 and lowest at 35.8% in Sep 2025.

APA Operating margin

The average operating margin for APA was 30.54% during the last 3 years. At present, the current operating margin for APA is 42.9%, 12.4 percentage points above its three-year average. The operating margin for APA moved between 19.3% in Jun 2025 and 42.9% in Sep 2026.

APA EBITDA margin

Over the last 3 years, the average EBITDA margin for APA was 50.35%. As of the latest period, the current EBITDA margin for APA is 61.9%, 11.6 percentage points above its three-year average. APA's EBITDA margin ranged from a low of 39.5% in Sep 2024 to a high of 61.9% in Sep 2026.

APA Net margin

Across the last 3 years, APA's net margin averaged 20.4%. The current net margin stands at 22.9%, 2.5 percentage points above its three-year average. Net margin was highest at 34.5% 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 49.8% 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 17% 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 49.8% as of Sep 30, 2026.

What is APA's operating margin?

For the period ending Sep 30, 2026, APA recorded an operating margin of 42.9%.

What is APA's EBITDA margin?

As of Sep 30, 2026, APA has an EBITDA margin of 61.9%.

What is APA's net margin?

As of Sep 30, 2026, APA has a net margin of 22.9%.

What are the average margins of APA?

APA's gross, operating, EBITDA, and net margins averaged 41.3% gross, 30.5% operating, 50.4% EBITDA, and 20.4% 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 51.3% gross in Dec 2022, 45.7% operating in Dec 2022, 62.3% EBITDA in Sep 2022, and 34.5% net in Dec 2023.

What are the lowest historical margins of APA?

APA's lowest recorded margins during the past 5 years were 35.8% gross in Sep 2025, 19.3% operating in Jun 2025, 39.5% EBITDA in Sep 2024, and 8.3% net in Dec 2024.