Homepage

Apollo Global Management, Inc.

APO NYSE Categories PDF
Financial Services · Asset Management
New York City, NY 10019, United States IPO 2011 apollo.com/institutional/homepage Updated Jun 27, 2:03am
Price
$118.29
Market Cap
$68.2B
Employees
5,141
Beta
1.49
Avg Volume
3,881,612
CEO
Marc Jeffrey Rowan
Business Description

Apollo Global Management, Inc. operates as a prominent investment management firm, primarily concentrating its efforts across credit, private equity, and real estate asset classes. Within its private equity division, Apollo engages in a broad spectrum of transactions, ranging from traditional management buyouts, recapitalizations, and distressed acquisitions to corporate carve-outs, growth capital infusions, turnaround financing, bridge loans, strategic acquisitions, and industry consolidation initiatives. This also includes debt investments in real estate and corporate partnerships, along with investments in distressed assets and special situations within the middle market. Its client base is diverse, encompassing sovereign wealth and endowment funds, as well as various other institutional and private investors. The firm constructs and oversees bespoke portfolios for clients and actively manages a suite of investment vehicles, including hedge funds, real estate funds, and private equity funds. Globally, Apollo also deploys capital in fixed income and alternative investment markets. Its fixed income strategies span a wide array, featuring income-oriented senior secured loans, corporate bonds, collateralized loan obligations (CLOs), structured credit products, opportunistic and non-performing loans, distressed debt, mezzanine financing, and other value-oriented fixed income instruments. Apollo seeks investment opportunities across numerous sectors, such as chemicals, energy (including oil, gas, natural resources), metals and mining, agriculture, consumer and retail, distribution and transportation, financial and business services, manufacturing and industrial, media (distribution, cable, entertainment), telecommunications, technology, packaging and materials, and satellite and wireless communications. Geographically, the firm targets investments in Africa, North America (with a strong emphasis on the United States), and Europe, while also making significant inroads into Western Europe and Asia. Its investment methodology combines contrarian insights with a rigorous focus on intrinsic value and distressed situations. Apollo typically commits equity capital ranging from $10 million to $1.5 billion per transaction, generally pursuing companies with an enterprise value between $750 million and $2.5 billion. Proprietary in-house research underpins its investment selection process. The firm is open to acquiring both minority and controlling stakes in its portfolio companies. Established in 1990 and headquartered in New York, New York, Apollo maintains additional offices across North America, Asia, and Europe to support its global operations.

Business History
Price History (1 Year)
Last updated: Jun 27, 2026 2:03am (7h ago)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 27, 2026 2:03am (7h ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
16.18
Stock Price: $118.29
EPS (Diluted): 7.31
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
3.77
Stock Price: $118.29
Total Equity: $23.34B
Shares: 607,913,669
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
7.83
Market Cap: $68.20B
Total Debt: $13.36B
Cash: $19.24B
EBITDA: $10.49B
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$82.1B
Market Cap: $68.20B
Total Debt: $13.36B
Cash: $19.24B
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
88.5%
Gross Profit: $26.81B
Revenue: $30.30B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
34.4%
Operating Income: $10.42B
Revenue: $30.30B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
14.8%
Net Income: $4.48B
Revenue: $30.30B
ROE (Profit from shareholder equity)
CALC
Net Income / Total Equity
19.2%
Net Income: $4.48B
Total Equity: $23.34B
ROIC (Profit from all invested capital)
CALC
NOPAT / Invested Capital
53.5%
Operating Income: $10.42B
Tax Rate: 10.4%
Equity: $23.34B
Total Debt: $13.36B
Cash: $19.24B
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
0.78
Current Assets: $260.36B
Current Liabilities: $331.90B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.57
Short-Term Debt: $0.00
Long-Term Debt: $13.36B
Total Debt: $13.36B
Total Equity: $23.34B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$49.84
Revenue: $30.30B
Shares: 607,913,669
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$38.40
Total Equity: $23.34B
Shares: 607,913,669
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$12.26
Operating CF: $7.45B
CapEx: $0.00
Shares: 607,913,669
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
1.5%
Last Dividend: N/A
Stock Price: $118.29
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: $4.48B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares APO against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 27, 2026 2:03am (7h ago)
Metric 2021 2022 2023 2024 2025
Revenue $6.0B $11.0B $32.6B $26.1B $30.3B
Cost of Revenue $778.0M $927.0M $1.0B $1.1B $3.5B
Gross Profit $5.2B $10.0B $31.6B $25.0B $26.8B
Operating Expenses $3.2B $14.4B $25.5B $16.7B $16.4B
Operating Income $2.0B -$4.4B $6.1B $8.3B $10.4B
Net Income $1.8B -$2.0B $4.9B $4.4B $4.5B
EBITDA $5.8B -$3.5B $6.6B $8.8B $10.5B
EPS $7.32 $-3.43 $8.32 $7.39 $7.31
EPS (Diluted)
Balance Sheet (Annual)
Last updated: Jun 27, 2026 2:03am (7h ago)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $1.4B $9.5B $15.9B $16.2B $19.2B
Total Current Assets $2.6B $133.9B $176.6B $215.7B $260.4B
Total Assets $30.5B $257.2B $313.5B $377.9B $460.9B
Current Liabilities $4.1B $184.3B $216.4B $269.6B $331.9B
Long-Term Debt $13.7B $6.5B $8.1B $10.6B $13.4B
Total Liabilities $18.5B $241.8B $288.2B $346.9B $418.4B
Total Equity $3.8B $6.6B $14.0B $17.3B $23.3B
Retained Earnings $1.1B -$1.0B $3.0B $6.0B $7.6B
Cash Flow (Annual)
Last updated: Jun 27, 2026 2:03am (7h ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $1.1B $3.8B $6.3B $3.3B $7.5B
Capital Expenditure -$64.7M -$202.5M $0 $0 $0
Free Cash Flow $999.3M $3.6B $6.3B $3.3B $7.5B
Acquisitions (net) -$366.8M $30.3B $24.4B $55.6B $99.0M
Debt Repayment
Dividends Paid
Stock Buybacks -$299.0M -$635.0M -$561.0M -$890.0M -$773.0M
Net Change in Cash -$378.2M $9.0B $6.6B -$579.0M $3.5B
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 2:03am (7h ago)
Metric 2026 2027 2028 2029
Revenue $23.0B
$22.5B – $24.0B
$26.6B
$25.7B – $28.1B
$30.2B
$29.1B – $31.5B
$8.4B
$8.1B – $8.8B
EBITDA $7.1B
$6.9B – $7.4B
$8.2B
$7.9B – $8.7B
$9.3B
$9.0B – $9.7B
$2.6B
$2.5B – $2.7B
Net Income $5.4B
$5.2B – $5.6B
$6.5B
$6.2B – $6.8B
$7.4B
$7.1B – $7.9B
$7.9B
$7.6B – $8.4B
EPS
Growth Trends (YoY %)
Last updated: Jun 27, 2026 2:03am (7h ago)
Metric 2022 2023 2024 2025
Revenue Growth +84.3% +197.6% -20.0% +16.0%
Gross Profit Growth +94.1% +214.9% -21.0% +7.3%
Operating Income Growth -321.4% +240.5% +35.0% +25.6%
Net Income Growth -206.6% +348.9% -9.3% +1.2%
EBITDA Growth -160.3% +290.1% +33.1% +18.5%
Dividend History (Last 20)
Last updated: Jun 27, 2026 2:03am (7h ago)
Date Dividend Declaration Record Payment
2026-05-19 $0.56 2026-05-06 2026-05-19 2026-05-29
2026-02-19 $0.51 2026-02-09 2026-02-19 2026-02-27
2025-11-17 $0.51 2025-11-04 2025-11-17 2025-11-28
2025-08-18 $0.51 2025-08-05 2025-08-18 2025-08-29
2025-05-16 $0.51 2025-05-02 2025-05-16 2025-05-30
2025-02-18 $0.46 2025-02-04 2025-02-18 2025-02-28
2024-11-18 $0.46 2024-11-05 2024-11-18 2024-11-29
2024-08-16 $0.46 2024-08-01 2024-08-16 2024-08-30
2024-05-16 $0.46 2024-05-02 2024-05-17 2024-05-31
2024-02-16 $0.43 2024-02-08 2024-02-20 2024-02-29
2023-11-16 $0.43 2023-11-01 2023-11-17 2023-11-30
2023-08-17 $0.43 2023-08-03 2023-08-18 2023-08-31
2023-05-19 $0.43 2023-05-09 2023-05-22 2023-05-31
2023-02-17 $0.40 2023-02-09 2023-02-21 2023-02-28
2022-11-16 $0.40 2022-11-02 2022-11-17 2022-11-30
2022-08-17 $0.40 2022-08-04 2022-08-18 2022-08-31
2022-05-17 $0.40 2022-05-05 2022-05-18 2022-05-31
2022-02-17 $0.40 2022-02-11 2022-02-18 2022-02-28
2021-11-18 $0.50 2021-11-02 2021-11-19 2021-11-30
2021-08-18 $0.50 2021-08-04 2021-08-19 2021-08-31
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for APO — it's generated by the pipeline (market-narrative step).
Community AI Feedback
No community reviews yet for APO. Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30