Apollo Global Management, Inc. (APO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Apollo Global Management, Inc.

NYSE•Financial Services•Asset Management

$126.00+1.47(0.01%)After hours

Market Cap

$74.56B

P/E

39.8x

P/S

2.1x

P/B

3.5x

Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions. For credit strategies, the firm focuses to invest in multi-sector credit, semi-liquid credit, direct lending, first lien, unitranche, whole loans and private credit. The firm provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients. It also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its fixed income investments include income-oriented senior loans, bonds, collateralized loan obligations, structured credit, opportunistic credit, non-performing loans, distressed debt, mezzanine debt, and value oriented fixed income securities. The firm seeks to invest in chemicals, commodities, consumer and retail, oil and gas, metals, mining, agriculture, commodities, distribution and transportation, financial and business services, manufacturing and industrial, media distribution, cable, entertainment and leisure, telecom, technology, natural resources, energy, packaging and materials, and satellite and wireless industries. It also focuses on clean energy, sustainable industry, climate solutions, energy transition, industrial decarbonization, sustainable mobility, sustainable resource use, and sustainable real estate. It seeks to invest in companies based in across Africa, Asia, North America with a focus on United States, Western Europe and Europe. It employs a combination of contrarian, value, and distressed strategies to make its investments. The firm seeks to make investments in the range of $75 million and $1500 million. The firm seeks to invest in companies with Enterprise value between $750 million to $2500 million. The firm conducts in-house research to create its investment portfolio. It seeks to acquire minority and majority positions in its portfolio companies. Apollo Global Management, Inc. was founded in 1990 and is headquartered in New York, New York with additional offices in North America, Asia, Africa and Europe.

How this company scores

GoodMetricSide Score: 71/100

Strongest: Cash & Earnings Quality (24/25); weakest: Growth (15/25).

Profitability15/25

Growth15/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality24/25

Strengths

Growing revenueRising free cash flowStrong marginsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 39.8x5y range 10.8x – 57.2x

Currently above its 13-quarter median.

P/S · 2.1x5y range 1.6x – 3.7x

Currently near its 15-quarter median.

P/B · 3.5x5y range 3.3x – 93.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 54.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $74.56B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $35.90B
Q. Revenue: $11.15B
TTM EBITDA: $5.82B
TTM Op. Income: $5.82B
Q. Op. Income: $2.48B
TTM Net Income: $1.88B
Q. Net Income: $1.36B
EPS: $2.18
Shares Out.: $591.76M

$35.90B in TTM revenue grew 41.2% YoY, reaching $11.15B last quarter. TTM EBITDA of $5.82B and TTM operating income of $5.82B show growth is flowing through to the bottom line. TTM net income of $1.88B means revenue is converting into profit. Over the past year, TTM revenue is up 41% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 22.3%
Op. Margin: 22.3%
Net Margin: 12.2%

Op. margin of 22.3% is down 9.7% YoY — costs are rising relative to revenue. Net margin at 12.2% Over the past year, operating margin is down 30% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 39.8x
P/S Ratio: 2.1x
P/B Ratio: 3.5x

At 39.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.1x and P/B of 3.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 61% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $494.05B
Cash: $26.82B
Long-Term Debt: $13.73B
Book Value: $21.01B
D/E Ratio: 0.7
Debt/EBITDA: 5.5

With $494.05B in assets and $13.73B in long-term debt, D/E is 0.7and book value is $21.01B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 4% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.88B
TTM Free Cash Flow: $9.47B
FCF Margin: 26.4%
FCF / Net Income: 5.1

TTM FCF of $9.47B on $2.88B in operating cash flow. The FCF / Net Income ratio of 5.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.