Apollo is one of the world's largest alternative asset managers, with $1.047 trillion in total assets under management, or AUM, including $858.0 billion in fee-earning assets, at the end of June 2026. The company has two core operating segments: asset management and retirement services.
It is a $69.8B financial services company. Revenue grew 40.7% over the last year, and it keeps 5¢ of every dollar of sales as profit. It trades at 37.4× earnings — in the most expensive third of its own history.
- Website
- apollo.com
- Location
- New York, NY
- Employees
- 4 130
- Sector
- Financial Services
- Founded
- 1990
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Health, Quality and Moat lag behind.
Valuation70
- P/E vs own history85th pct · 0/25
- FCF yield13.6% · 25/25
- P/S2.2x · 20/25
- EV/EBITDA6.0x · 25/25
Growth70
- Revenue CAGR53.2% · 25/25
- Net income CAGR19.2% · 20/25
- EPS CAGR ~5Y-5.3% · 0/25
- Fwd implied growth207.4% · 25/25
Profitability62
- ROIC10.6% · 12/25
- ROE8.6% · 12/25
- Net margin5.2% · 13/25
- Operating margin25.5% · 25/25
Health48
- Altman Z0.16 · 3/25
- Current ratio0.06 · 0/25
- Interest coverage54.5x · 25/25
- Net cash / debtD/A 2% · 20/25
Quality35
- Piotroski F5/9 · 15/25
- Beneish M-2.28 · 20/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 76.6% · 0/25
Moat20
- ROIC >12% years3/4 yrs · 20/25
- Median gross marginn/a · 0/25
- FCF-positive yearsn/a · 0/25
- Worst-year net marginworst -29.3% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2023FinancialBest year on record$5.05B net income
- FY2022FinancialRevenue crossed $10B$11.0B for the year
- FY2022FinancialBecame debt-freecash now exceeds total debt
- FY2021FinancialFirst recorded profitable year$1.73B net income
- FY2021FinancialRevenue already above $1B$5.81B in first reported year
- FY2021FinancialPositive free cash flow every year since5-year streak
- 2021ProductApollo launched Apollo Origination Partnership, a $1.8 billion direct-lending fund seeking…
- 2020AcquisitionApollo purchased $1.75 billion of preferred stock in Albertsons Companies
- 2015AcquisitionCenterbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion
- 2012AcquisitionApollo acquired McGraw-Hill Education for $2.5 billion
- 2008AcquisitionApollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption…
- 2007AcquisitionApollo acquired Noranda Aluminum, the US aluminum business of Xstrata for $1.15 billion
- 2006AcquisitionApollo acquired Rexnord Corporation for $1.825 billion, Berry Plastics for $2.25 billion, Momentive…
- 2006ProductApollo launched a $2 billion vehicle in Europe, AP Alternative Assets
- 2004IPOApollo raised $930 million through an initial public offering for a listed business development…
- 1990FoundedApollo was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, former investment bankers at the defunct…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 40.7% year over year
- Strong cash conversion — FCF is 26.4% of revenue
- Interest covered 54.5× by operating earnings
Watch-outs
- Altman Z-Score 0.16 — elevated financial-distress risk
- Loss-making in 1 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+40.7% YoY
- Profitable — makes more than it spends$1.88B TTM
- Profit growing — earnings are higher than last year-0.8% YoY
- Generates cash — cash left after running and investing$9.47B TTM
- Debt under control — could handle its obligations~1.0y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$69.8B market cap
- Not printing shares — share count not ballooning — you keep your slice+150.9% shares over ~5y
- Proven track record — years of profitability behind it4/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.2 — distress
- Pays a dividend — returns cash to shareholdersyield 1.95%
- Valuation not extreme — price not wildly above earningsP/E 37.4
Peer comparisonApollo Global Management, Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| APO this company | $69.8B | 37.4 | +40.7% | 5.2% | Mixed |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: APO vs BRK.A · APO vs BRK.B · APO vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/APO
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of APO on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $118.28 · market cap $69.8B.