APA Corporation (APA) vs Expand Energy Corporation (EXE)

APA Corporation and Expand Energy Corporation are both Oil & Gas E&P companies. Expand Energy Corporation is the larger, with a market value of $21.0B against $16.6B — 1.3× the size. Expand Energy Corporation trades at the lower P/E: 8.0× against 10.4×. Expand Energy Corporation grew revenue faster over the last twelve months: 59.3% against −16.1%. Expand Energy Corporation has the higher net margin (20.5% vs 19.5%) and the lower return on invested capital (10.3% vs 17.3%). Only APA Corporation pays a dividend (2.54%). Across the 22 metrics below, Expand Energy Corporation leads on 15 and APA Corporation on 7.

Valuation

Metric APA EXE Oil & Gas E&P median
P/E 10.37 8.02 11.01
P/S 2.02 1.64 1.98
P/B 2.18 1.15 1.30
Price to free cash flow 11.33 8.64 10.68
EV/EBITDA 3.90 4.06 5.09
EV/Sales 2.40 1.92 2.63
Earnings yield 9.64% 12.46% 5.78%
Free cash flow yield 8.82% 11.57% 4.91%

Profitability

Metric APA EXE Oil & Gas E&P median
Gross margin 92.58% 80.66% 80.41%
Operating margin 36.09% 26.94% 21.39%
Net margin 19.48% 20.46% 14.17%
Free cash flow margin 17.78% 18.94% 8.18%
Return on equity 22.59% 14.89% 10.05%
Return on assets 9.30% 9.97% 5.81%
Return on invested capital 17.27% 10.25% 6.32%

Growth

Metric APA EXE Oil & Gas E&P median
Revenue growth (TTM) (16.13%) 59.29% 9.94%
EPS growth (last fiscal year) 75.77% 266.37% (10.50%)
Revenue growth, 5-year CAGR 16.44% 18.27% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric APA EXE Oil & Gas E&P median
Debt to equity 0.47 0.19 0.28
Current ratio 0.95 0.96 0.96
Net debt to EBITDA 0.78 0.82 0.89

Dividend

Metric APA EXE Oil & Gas E&P median
Dividend yield 2.54% 0.00% 3.29%
Payout ratio 0.26 0.00 0.35

Size

Metric APA EXE Oil & Gas E&P median
Market cap 16.55b 21.02b 1.04b

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