Apollo Global Management, Inc. (APO)
Financials · Asset Management & Custody Banks · US stock · S&P 500 component
$114.83
▲ +3.14 (2.81%)
Fair valueFair
$131 +13.8% to fair value
$65fair band $111–$158$196
Day's range
$109.97 – $114.86
52-week range
$99.56 – $153.29
About Apollo Global Management, Inc.
Apollo Global Management is an alternative asset manager that invests on behalf of pension funds, insurers, sovereign wealth funds and individuals across credit, private equity and real assets. It earns management fees on the capital it oversees, performance-related fees when investments do well, and spread income from its retirement services business, Athene, which sells annuities and invests the premiums mainly in credit assets.
Sales totalled $35.9 billion over the last twelve months, and the three-year record shows growth of 43.0% a year. The operating margin is 22.6%, and the return on invested capital is 90%. Shareholders receive a dividend, currently yielding 1.9%. The site's X-Ray Score for the company is 60 out of 100. The figures are a snapshot of reported results rather than a forecast.
Price chart
52-wk range $99.56 – $153.29Volume 4,208,231Daily, split-adjusted
Vitals
Market cap$70.1B
52-week range$99.56 – $153.29
Volume (last day)4,208,231
P/E (TTM)38.9
EBIT / EV yield10.7%
Free-cash-flow yield–
Dividend yield1.9%
Revenue (TTM)$35.9B
Net income (TTM)$1.8B
Operating margin22.6%
Return on capital90.1%
Debt incl. leases$13.7B
Cash & securities$28.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$131middle half of models $121 – $142
Fair
+13.8% to fair value
Average of the 3 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $115
Undervalued < $111Fair $111 – $158Overvalued > $158
P/E multiple
$107
P/B multiple
$135
P/S multiple
$149
Dividend discount, multi-stage · not used
$269
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
69/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield10.7%
Fair value vs price1.1×
Growth
Fair
68/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)43.0%
Growth consistency60%
Profitability
Fair
56/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital90.1%
Operating margin22.6%
Financial health
Weak
50/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA-1.5×
Interest cover11.5×
Dividends
Weak
48/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.9%
Dividend growth7.7%
Quarterly results: last 6 quarters
-21.2%
Mar '25
+13.2%
Jun '25
+26.4%
Sep '25
+86.7%
Dec '25
-8.8%
Mar '26
+63.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $11.2B, diluted EPS $2.15.
Compare with peers
AMP Ameriprise Financial I...67 BX Blackstone Inc.53 STT State Street Corp50 TROW Price T Rowe Group Inc45Other Asset Management & Custody Banks companies by X-Ray Score.
SWOT analysis: Apollo Global Management, Inc.
Strengthsinside the company
- Return on invested capital is 90.1%, against a median of 14.4% for industry peers.
- Revenue has grown 43.0% a year over three years (median 6.1% for industry peers).
- Cash exceeds debt (net debt is negative), which gives room to invest or ride out a downturn.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Our Market Compass rates the backdrop for Financials as favourable.
Threatsvaluation and setting
- Revenue growth slowed to 22.7% last year from 43.0% a year over three years.
- Trades at 39.4x earnings, 166% above the 14.8x median of industry peers, so the price already assumes better results.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare APO with peers and sector
Medians of 9 Asset Management & Custody Banks peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): BLK 34, BNY 44, BX 53, STT 50, AMP 67, NTRS 41.
| Metric | APO | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 60 | 44 | 50 |
| Valuation | 69 | 41 | 52 |
| Growth | 67 | 49 | 54 |
| Profitability | 56 | 44 | 48 |
| Financial health | 50 | 43 | 51 |
| Dividends | 48 | 42 | 54 |
Sector leaders: highest X-Ray Score in Financials
APO ranks #15 of 71 in Financials and #2 of 10 in Asset Management & Custody Banks by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for APO
Each factor is rated by where APO stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 3 Good · 0 Average · 4 Bad of 7
Growth: 2 · 0 · 0
Profitability: 0 · 0 · 2
Valuation: 1 · 0 · 2
| Factor | APO | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +43.0% | Good beats 98% | +8.3% | – | – |
| Revenue growth, last year | +22.7% | Good beats 92% | +6.9% | +84.3% | ▼ Worse |
| Profitability | |||||
| Net margin | 5.0% | Bad beats 10% | 21.8% | 15.3% | ▼ Worse |
| Return on equity | 8.5% | Bad beats 18% | 15.7% | 26.0% | ▼ Worse |
| Valuation | |||||
| P/E ratio | 39.4x | Bad beats 7% | 13.8x | 16.6x | ▼ Worse |
| Price / book | 3.3x | Bad beats 28% | 2.2x | 4.5x | ▲ Better |
| Price / sales | 2.0x | Good beats 70% | 3.1x | 2.9x | ▲ Better |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 5 Good · ● 3 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Risk models
Piotroski F-ScoreAverage
Growth
Revenue growth (3y)Good
Growth consistencyBad
Balance sheet
Net debt / EBITDAGood
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 60/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $6.0B | $11.0B | $32.6B | $26.1B | $32.0B |
| Operating income | $5.0B | −$4.0B | $5.9B | $7.9B | $7.3B |
| Net income | $1.8B | −$2.0B | $5.0B | $4.5B | $3.4B |
| Operating cash flow | $1.1B | $3.8B | $6.3B | $3.3B | $7.2B |
| Operating margin | 84.0% | -36.7% | 17.9% | 30.3% | 22.8% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $7.32 | $-3.43 | $8.28 | $7.33 | $5.54 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
2 bullish · 4 neutral · 10 bearish
Weekly
Strongly bearish
1 bullish · 1 neutral · 10 bearish
Monthly
Bearish
2 bullish · 1 neutral · 5 bearish
Moving averages (daily)
| SMA 10 | 113.9 | Bullish |
| EMA 10 | 113.6 | Bullish |
| SMA 20 | 115.3 | Bearish |
| EMA 20 | 116.0 | Bearish |
| SMA 50 | 124.7 | Bearish |
| EMA 50 | 120.9 | Bearish |
| SMA 100 | 125.0 | Bearish |
| EMA 100 | 123.3 | Bearish |
| SMA 200 | 123.6 | Bearish |
| EMA 200 | 125.1 | Bearish |
Oscillators (daily)
| RSI (14) | 43.06 | Neutral |
| MACD (12, 26) | -3.32 | Bearish |
| Momentum (12) | -0.97 | Bearish |
| Stochastic %K (14) | 47.60 | Neutral |
| Williams %R (14) | -52.40 | Neutral |
| CCI (20) | -63.39 | Neutral |
Pivot points (classic, last session)
S3 106.7 | S2 108.3 | S1 111.6 | Pivot 113.2 | R1 116.5 | R2 118.1 | R3 121.4 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.15 USD
Yield on today's price
1.87%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.5625 | |
| 0.5625 | |
| 0.5100 | |
| 0.5100 | |
| 0.5100 | |
| 0.5100 | |
| 0.4625 | |
| 0.4625 | |
| 0.4625 | |
| 0.4625 | |
| 0.4300 | |
| 0.4300 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold APO
| ETF | Share of the fund |
|---|---|
| CGDV Capital Group Dividend Value | 1.08% |
| PFFA Virtus InfraCap U.S. Preferred Stock | 0.95% |
| KBE SPDR S&P Bank | 0.84% |
| IYF iShares U.S. Financials | 0.80% |
| SPHB Invesco S&P 500 High Beta | 0.75% |
| XLF Financial Select Sector SPDR | 0.72% |
| VFH Vanguard Financials | 0.67% |
| CGBL Capital Group Core Balanced | 0.60% |
The eight funds with the largest weight in APO among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
APO SEC filings
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.