# Apollo Global Management, Inc. (APO) — Stock CV

Apollo Global Management, Inc. 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.

> 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.

## Identity

- **Ticker**: APO
- **Sector**: Financial Services
- **Industry**: Investment Advice
- **Headquarters**: NEW YORK, NY
- **Employees**: 4 130
- **Website**: https://www.apollo.com
- **Market cap**: $69.8B
- **Last price**: $118.28
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $35.9B
- **Net income**: $1.88B
- **Free cash flow**: $9.47B
- **Net debt**: $9.69B
- **P/E**: 37.4
- **Revenue growth (YoY)**: 40.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 70 |
| Growth | 70 |
| Profitability | 62 |
| Health | 48 |
| Quality | 35 |
| Moat | 20 |

## Qualifications (beginner checklist) — 7 of 11 passed

- [x] Revenue growing — +40.7% YoY
- [x] Profitable — $1.88B TTM
- [ ] Profit growing — -0.8% YoY
- [x] Generates cash — $9.47B TTM
- [x] Debt under control — ~1.0y of cash flow to repay
- [x] Established company — $69.8B market cap
- [ ] Not printing shares — +150.9% shares over ~5y
- [ ] Proven track record — 4/5 profitable years
- [ ] Financially stable — Altman Z 0.2 — distress
- [x] Pays a dividend — yield 1.95%
- [x] Valuation not extreme — P/E 37.4

## Experience (career milestones)

- **FY2023** — Best year on record: $5.05B net income
- **FY2022** — Revenue crossed $10B: $11.0B for the year
- **FY2022** — Became debt-free: cash now exceeds total debt
- **FY2021** — First recorded profitable year: $1.73B net income
- **FY2021** — Revenue already above $1B: $5.81B in first reported year
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2021** — Apollo launched Apollo Origination Partnership, a $1.8 billion direct-lending fund seeking…
- **2020** — Apollo purchased $1.75 billion of preferred stock in Albertsons Companies
- **2015** — Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion
- **2012** — Apollo acquired McGraw-Hill Education for $2.5 billion
- **2008** — Apollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption…
- **2007** — Apollo acquired Noranda Aluminum, the US aluminum business of Xstrata for $1.15 billion
- **2006** — Apollo acquired Rexnord Corporation for $1.825 billion, Berry Plastics for $2.25 billion, Momentive…
- **2006** — Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets
- **2004** — Apollo raised $930 million through an initial public offering for a listed business development…
- **1990** — Apollo was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, former investment bankers at the defunct…

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $5.81B | $1.73B | $1.06B |
| FY2022 | $11.0B | -$3.21B | $3.79B |
| FY2023 | $32.6B | $5.05B | $6.32B |
| FY2024 | $26.1B | $4.58B | $3.25B |
| FY2025 | $32.0B | $3.49B | $7.25B |

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Source: https://stockcv.com/APO — derived from company filings; may be delayed or incomplete. Information, not investment advice.