StockCV
Apollo Global Management, Inc. logo

Apollo Global Management, Inc.

Investment Advice

$118.28
+2.58%
Market cap $69.8B

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.

Valuation70Growth70Profitability62Health48Quality35Moat20

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

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

  1. FY2023Financial
    Best year on record
    $5.05B net income
  2. FY2022Financial
    Revenue crossed $10B
    $11.0B for the year
  3. FY2022Financial
    Became debt-free
    cash now exceeds total debt
  4. FY2021Financial
    First recorded profitable year
    $1.73B net income
  5. FY2021Financial
    Revenue already above $1B
    $5.81B in first reported year
  6. FY2021Financial
    Positive free cash flow every year since
    5-year streak
  7. 2021Product
    Apollo launched Apollo Origination Partnership, a $1.8 billion direct-lending fund seeking…
  8. 2020Acquisition
    Apollo purchased $1.75 billion of preferred stock in Albertsons Companies
  9. 2015Acquisition
    Centerbridge Partners acquired Great Wolf Resorts from Apollo for $1.35 billion
  10. 2012Acquisition
    Apollo acquired McGraw-Hill Education for $2.5 billion
  11. 2008Acquisition
    Apollo and TPG Capital acquired Harrah's Entertainment for $27.4 billion, including the assumption…
  12. 2007Acquisition
    Apollo acquired Noranda Aluminum, the US aluminum business of Xstrata for $1.15 billion
  13. 2006Acquisition
    Apollo acquired Rexnord Corporation for $1.825 billion, Berry Plastics for $2.25 billion, Momentive…
  14. 2006Product
    Apollo launched a $2 billion vehicle in Europe, AP Alternative Assets
  15. 2004IPO
    Apollo raised $930 million through an initial public offering for a listed business development…
  16. 1990Founded
    Apollo 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.

#32 largest of 129 Financial Services companies by market cap
$10 000 invested in 2021 would be worth ~$19 077 today — price return only
$32.0B revenue in FY2025
Revenue up 40.7% year over year
Profitable 3 years in a row
Positive free cash flow 5 years in a row
4 130 employees

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.

7 of 11 checks passed
  • Revenue growing+40.7% YoY
  • Profitable$1.88B TTM
  • Profit growing-0.8% YoY
  • Generates cash$9.47B TTM
  • Debt under control~1.0y of cash flow to repay
  • Established company$69.8B market cap
  • Not printing shares+150.9% shares over ~5y
  • Proven track record4/5 profitable years
  • Financially stableAltman Z 0.2 — distress
  • Pays a dividendyield 1.95%
  • Valuation not extremeP/E 37.4
Peer comparisonApollo Global Management, Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾
CompanyMarket capP/ERevenue growthNet marginProfile
APO this company$69.8B37.4+40.7%5.2%Mixed
BRK.A Berkshire Hathaway Inc.$1.1T11.6+3.9%22.3%Mixed
BRK.B Berkshire Hathaway$1.1T11.6+0.0%18.0%Strong
JPM JPMorgan Chase & Co.$886.2B13.6+13.5%32.6%Strained
V VISA Inc.$723.9B31.9+14.4%50.8%Solid
MA Mastercard Incorporated$516.4B31.7+16.0%46.3%Mixed
BAC Bank of America Corporation$380.4B11.3+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.

Strong buy 5Buy 14Hold 7

Appendix · Financial records

The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of APO on PreMarketPrice

Figures 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.