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 $20.1B against $15.3B — 1.3× the size. Expand Energy Corporation trades at the lower P/E: 7.5× against 9.0×. 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%). Both pay a dividend; Expand Energy Corporation yields more (3.86% vs 3.28%). Across the 22 metrics below, Expand Energy Corporation leads on 16 and APA Corporation on 6.

Valuation

Metric APA EXE Oil & Gas E&P median
P/E 9.02 7.46 10.57
P/S 1.75 1.52 1.80
P/B 1.90 1.07 1.27
Price to free cash flow 9.85 8.03 9.99
EV/EBITDA 3.47 3.81 5.08
EV/Sales 2.14 1.80 2.39
Earnings yield 11.09% 13.40% 6.06%
Free cash flow yield 10.15% 12.45% 6.17%

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% 9.71%
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% —
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 0.91

Dividend

Metric APA EXE Oil & Gas E&P median
Dividend yield 3.28% 3.86% 4.93%
Payout ratio 0.18 0.19 0.07

Size

Metric APA EXE Oil & Gas E&P median
Market cap 15.30b 20.07b 923.59m

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