Apollo Global Management
APO
115.55
-0.40
-0.35%
Apollo Global Management
US · APO
#303 by market cap
Listed 1970
115.55
-0.40
-0.35%
Live - 5344 symbols - heartbeat 112s ago
· 2026-10-08 08:24
Pre-market
115.55
0.00%
After-hours
115.50
-0.04%
Overnight
115.35
-0.17%
- Market cap
- 68.24B
- P/E (TTM)i
- 41.12
- P/Bi
- 3.48
- EPSi
- 5.54
- Div yieldi
- 1.81%
- 52W posi
- 32%
Reader sentiment
Are you bullish or bearish on APO?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.06, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +22.73% YoY
Margins
- Gross margin
- 95.50%
- Operating margin
- 25.77%
- Net margin
- 6.69%
Key ratios & quality
- Altman Z-Scorei
- 0.06
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.09B | 2.93B | 2.35B | 5.95B | 10.97B | 32.64B | 26.11B | 32.05B |
| Gross profit | 633.46M | 2.42B | 1.73B | 5.17B | 10.04B | 31.62B | 24.97B | 30.61B |
| Selling & admin expenses | 381.84M | 1.08B | 818.00M | 3.20B | 1.70B | 2.57B | 2.64B | 3.10B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 251.62M | 1.34B | 908.00M | 1.98B | -4.38B | 6.15B | 8.30B | 8.26B |
| Pretax profit | 105.27M | 1.41B | 553.00M | 4.86B | -4.25B | 5.59B | 7.44B | 6.68B |
| Tax | 86.02M | -128.99M | 86.00M | 594.00M | -739.00M | -923.00M | 1.06B | 1.28B |
| Net profit | 19.25M | 1.54B | 467.00M | 4.27B | -3.51B | 6.51B | 6.37B | 5.40B |
| Basic EPS | 0 | 4 | 0 | 7 | -3 | 8 | 7 | 6 |
| Diluted EPS | -0.30 | 3.71 | 0.44 | 7.32 | -3.43 | 8.28 | 7.33 | 5.54 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 5.55B | 6.81B | 9.82B | 9.86B | 5.06B | 11.15B |
| Gross profit | 5.23B | 6.48B | 9.45B | 9.45B | 4.64B | 10.72B |
| Selling & admin expenses | 727.00M | 642.00M | 794.00M | 933.00M | 737.00M | 971.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.53B | 1.45B | 3.17B | 2.11B | 794.00M | 2.85B |
| Pretax profit | 1.18B | 845.00M | 2.90B | 1.75B | 283.00M | 2.49B |
| Tax | 243.00M | 3.00M | 438.00M | 592.00M | 1.69B | 396.00M |
| Net profit | 938.00M | 842.00M | 2.46B | 1.16B | -1.41B | 2.09B |
| Basic EPS | 1 | 1 | 3 | 1 | -3 | 2 |
| Diluted EPS | 0.68 | 0.99 | 2.78 | 1.07 | -3.27 | 2.15 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.11B | 2.14B | 3.02B | 2.58B | 133.87B | 176.61B | 215.70B | 260.36B |
| Cash & ST investments | 659.42M | 1.60B | 2.45B | 1.38B | 127.37B | 170.24B | 205.98B | 248.06B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 5.99B | 8.54B | 23.67B | 30.50B | 257.22B | 313.49B | 377.90B | 460.95B |
| Total current liabilities | 1.13B | 1.49B | 1.64B | 4.11B | 184.33B | 216.45B | 269.62B | 331.90B |
| Short-term debt | 71.36M | 54.47M | 40.53M | 38.00M | 35.00M | 31.00M | -- | -- |
| Long-term debt | 2.14B | 3.45B | 14.25B | 13.65B | 6.49B | 8.06B | 10.59B | 13.36B |
| Total liabilities | 3,539,814,000.00 | 5,503,990,000.00 | 17,373,119,000.00 | 18,538,000,000.00 | 241,819,000,000.00 | 288,243,000,000.00 | 346,915,000,000.00 | 418,434,000,000.00 |
| Total equity | 2.45B | 3.04B | 6.30B | 11.96B | 15.40B | 25.25B | 30.98B | 42.52B |
| Retained earnings | -473.28M | -- | 0 | 1.14B | -1.01B | 2.97B | 6.02B | 7.63B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 228.07B | 243.23B | 259.59B | 260.36B | 265.53B | 280.11B |
| Cash & ST investments | 216.43B | 231.47B | 245.96B | 248.06B | 253.18B | 266.62B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 395.05B | 419.55B | 449.54B | 460.95B | 467.53B | 494.05B |
| Total current liabilities | 285.17B | 304.34B | 324.30B | 331.90B | 340.18B | 361.10B |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 10.58B | 12.14B | 12.63B | 13.36B | 14.22B | 13.73B |
| Total liabilities | 362,701,000,000.00 | 385,689,000,000.00 | 409,746,000,000.00 | 418,434,000,000.00 | 427,997,000,000.00 | 452,566,000,000.00 |
| Total equity | 32.34B | 33.86B | 39.80B | 42.52B | 39.53B | 41.48B |
| Retained earnings | 5.63B | 5.92B | 7.31B | 7.63B | 5.16B | 6.15B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 814.26M | 1.08B | -1.62B | 1.06B | 3.79B | 6.32B | 3.25B | 7.25B |
| Depreciation & amortization | 15.23M | 15.76M | 19.00M | 27.00M | 529.00M | 803.00M | 1.08B | 1.43B |
| Free cash flow | 799.52M | 1.04B | -1.62B | 1.06B | 3.79B | 6.32B | 3.25B | 7.25B |
| Dividends paid | -438.53M | -471.93M | -587.00M | -554.00M | -962.00M | -1.03B | -1.19B | -1.30B |
| Stock buybacks / issuance | -90.91M | -110.73M | -92.00M | 702.00M | -635.00M | -561.00M | -890.00M | -773.00M |
| Ending cash balance | 662.88M | 1.62B | 2.47B | 2.09B | 11.13B | 17.69B | 17.11B | 20.59B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.01B | 1.26B | 303.00M | 4.67B | 1.62B | 2.88B |
| Depreciation & amortization | 308.00M | 332.00M | 400.00M | 391.00M | 397.00M | 414.00M |
| Free cash flow | 1.01B | 1.26B | 303.00M | 4.67B | 1.62B | 2.88B |
| Dividends paid | -302.00M | -331.00M | -330.00M | -335.00M | -336.00M | -367.00M |
| Stock buybacks / issuance | -193.00M | 0 | -340.00M | -240.00M | -632.00M | -97.00M |
| Ending cash balance | 15.51B | 14.97B | 21.20B | 20.59B | 23.75B | 28.42B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -5.95 | 74.40 | 9.30 | 59.87 | -229.91 | 59.40 | 23.14 | 11.34 |
| ROA %i | -0.93 | 10.85 | 0.63 | 4.54 | -2.88 | 1.35 | 0.95 | 0.51 |
| ROIC %i | -0.97 | 20.74 | 0.37 | 8.32 | -35.19 | 28.45 | 14.59 | 7.57 |
| 5-year avg ROE %i | 23.58 | 29.38 | 19.73 | 21.23 | -2.31 | 6.92 | 4.87 | 15.05 |
| EBIT margin %i | 15.06 | 51.37 | 39.71 | 96.95 | -51.00 | 17.90 | 29.77 | 21.99 |
| FCF / sales %i | 73.14 | 35.58 | -- | 16.79 | 34.55 | 19.37 | 12.46 | 22.61 |
| Current ratioi | 0.98 | 1.43 | 1.84 | 0.63 | 0.73 | 0.82 | 0.80 | 0.78 |
| Quick ratioi | 0.93 | 1.38 | 1.80 | 0.46 | 0.72 | 0.81 | 0.80 | 0.78 |
| Debt / assetsi | 36.98 | 43.43 | 61.77 | 44.88 | 2.54 | 2.58 | 2.80 | 2.90 |
| LT debt / equityi | 260.90 | 281.64 | 1,666.10 | 421.95 | 97.70 | 63.74 | 66.78 | 60.90 |
| Interest coveragei | 2.77 | 15.31 | 2.45 | 6.36 | -25.31 | 22.65 | 22.93 | 19.05 |
| Revenue CAGR (3Y) %i | 1.62 | 12.24 | -5.30 | 75.92 | 55.24 | 140.25 | 63.72 | 42.96 |
| Net income CAGR (3Y) %i | -- | 27.92 | -37.04 | -- | -- | 217.96 | 35.52 | -- |
| FCF CAGR (3Y) %i | 11.52 | 20.69 | -- | 9.99 | 53.72 | -- | 45.14 | 24.12 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 15.48 | 13.08 | 15.47 | 11.34 | -1.34 | 2.48 |
| ROA %i | 0.64 | 0.54 | 0.72 | 0.51 | -0.05 | 0.10 |
| ROIC %i | 9.84 | 8.46 | 10.45 | 7.57 | -0.24 | 2.07 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 27.51 | 24.27 | 25.47 | 21.99 | 19.66 | 22.06 |
| FCF / sales %i | 17.04 | 16.22 | 9.37 | 22.61 | 24.89 | 26.39 |
| Current ratioi | 0.80 | 0.80 | 0.80 | 0.78 | 0.78 | 0.78 |
| Quick ratioi | 0.79 | 0.79 | 0.79 | 0.78 | 0.78 | 0.77 |
| Debt / assetsi | 2.68 | 2.89 | 2.81 | 2.90 | 3.04 | 2.78 |
| LT debt / equityi | 63.83 | 67.76 | 58.10 | 60.90 | 76.65 | 70.01 |
| Interest coveragei | 19.69 | 18.47 | 20.22 | 19.05 | 14.63 | 15.87 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Retirement Services is the largest reported line at 36.50% of revenue, across 9 reported segments.
- No single line clears half of revenue; Premiums, product charges, investment related gains (losses) and other retirement services revenue is next at 31.04%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Retirement Services36.50%
Premiums, product charges, investment related gains (losses) and other retirement services revenue31.04%
Asset Management12.04%
ACRA non-controlling interests on net investment earnings11.75%
Performance fees2.90%
Adjustments related to consolidated funds and VIEs2.50%
Equity awards granted by unconsolidated related parties, reimbursable expenses and other2.13%
Principal Investing1.41%
Change in fair value of reinsurance assets0.95%
Quote time 2026-10-08 08:24:07 · For reference only, not investment advice and not tailored to your situation.