TTM
34.6%
YoY change
−2.02pp
Trough year (1987)
-127.9%
Peak year (2005)
57.7%
Latest annual
30.8%
Operating Margin history chart for APA (APA) from 1985 to 2025
Latest: 30.8%
Operating Margin change chart for APA (APA) from 1985 to 2025
Latest: −2.02pp
Operating Margin history table for APA (APA) from 1985 to 2025
| 2025 | 30.8% | -2.02pp | ||
| 2024 | 32.9% | -7.71pp | ||
| 2023 | 40.6% | -5.33pp | ||
| 2022 | 45.9% | +12.17pp | ||
| 2021 | 33.7% | +29.81pp | ||
| 2020 | 3.9% | -2.95pp | ||
| 2019 | 6.9% | -19.94pp | ||
| 2018 | 26.8% | +14.70pp | ||
| 2017 | 12.1% | +14.78pp | ||
| 2016 | -2.7% | +33.90pp | ||
| 2015 | -36.6% | -55.03pp | ||
| 2014 | 18.4% | -9.79pp | ||
| 2013 | 28.2% | -2.95pp | ||
| 2012 | 31.2% | -18.29pp | ||
| 2011 | 49.5% | +3.35pp | ||
| 2010 | 46.1% | +39.52pp | ||
| 2009 | 6.6% | -3.00pp | ||
| 2008 | 9.6% | -40.11pp | ||
| 2007 | 49.7% | -3.86pp | ||
| 2006 | 53.6% | -4.14pp | ||
| 2005 | 57.7% | +3.38pp | ||
| 2004 | 54.3% | +5.55pp | ||
| 2003 | 48.8% | +7.93pp | ||
| 2002 | 40.8% | -9.14pp | ||
| 2001 | 50.0% | -7.06pp | ||
| 2000 | 57.0% | +24.22pp | ||
| 1999 | 32.8% | +46.18pp | ||
| 1998 | -13.4% | -41.22pp | ||
| 1997 | 27.9% | +1.68pp | ||
| 1996 | 26.2% | +11.72pp | ||
| 1995 | 14.5% | -1.04pp | ||
| 1994 | 15.5% | -1.22pp | ||
| 1993 | 16.7% | +0.68pp | ||
| 1992 | 16.0% | -2.86pp | ||
| 1991 | 18.9% | -2.12pp | ||
| 1990 | 21.0% | +8.07pp | ||
| 1989 | 13.0% | -2.16pp | ||
| 1988 | 15.1% | +142.98pp | ||
| 1987 | -127.9% | -124.89pp | ||
| 1986 | -3.0% | -14.72pp | ||
| 1985 | 11.8% | — |
- 202530.8%-2.02pp
- 202432.9%-7.71pp
- 202340.6%-5.33pp
- 202245.9%+12.17pp
- 202133.7%+29.81pp
- 20203.9%-2.95pp
- 20196.9%-19.94pp
- 201826.8%+14.70pp
- 201712.1%+14.78pp
- 2016-2.7%+33.90pp
- 2015-36.6%-55.03pp
- 201418.4%-9.79pp
- 201328.2%-2.95pp
- 201231.2%-18.29pp
- 201149.5%+3.35pp
- 201046.1%+39.52pp
- 20096.6%-3.00pp
- 20089.6%-40.11pp
- 200749.7%-3.86pp
- 200653.6%-4.14pp
- 200557.7%+3.38pp
- 200454.3%+5.55pp
- 200348.8%+7.93pp
- 200240.8%-9.14pp
- 200150.0%-7.06pp
- 200057.0%+24.22pp
- 199932.8%+46.18pp
- 1998-13.4%-41.22pp
- 199727.9%+1.68pp
- 199626.2%+11.72pp
- 199514.5%-1.04pp
- 199415.5%-1.22pp
- 199316.7%+0.68pp
- 199216.0%-2.86pp
- 199118.9%-2.12pp
- 199021.0%+8.07pp
- 198913.0%-2.16pp
- 198815.1%+142.98pp
- 1987-127.9%-124.89pp
- 1986-3.0%-14.72pp
- 198511.8%—
Operating Margin values are taken from APA's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at APA (APA)
According to APA's latest reported financial statements, the company's latest reported operating margin is 34.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, APA (APA) reported operating margin of 30.83% – contracted 2.0 percentage points year-over-year.
57.70% stands as the all-time-high annual operating margin, posted in 2005, against a low of -127.86% during 1987.
APA Operating Margin by Year
APA Operating Margin 2025: 30.8%
In 2025, APA reported operating margin of 30.83%, contracted 2.0 percentage points from 2024.
APA Operating Margin 2024: 32.9%
APA operating margin in 2024 was 32.85%, contracted 7.7 percentage points from 2023.
APA Operating Margin 2023: 40.6%
2023's operating margin for APA came in at 40.56%, contracted 5.3 percentage points from 2022.
APA Operating Margin 2022: 45.9%
APA posted operating margin of 45.89% in 2022, expanded 12.2 percentage points from 2021.
APA Operating Margin 2021: 33.7%
APA operating margin in 2021 was 33.71%.
See more financial history for APA (APA).
Sector peers by Operating Margin
Energy peers of APA (APA), ranked by their latest operating margin
| 38.8% | |
| 18.3% | |
| 15.8% | |
| 14.4% | |
| 9.0% | |
| 8.4% | |
| 5.0% | |
| 4.6% |
- 18.3%
- 15.8%
- 14.4%
- 8.4%
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