Apollo Global Management (APO)

Financials · $72.2B market cap · SEC CIK 0001858681

Next reports on Feb 8, 2027, before the open, with analysts expecting $2.43 in earnings per share.

52-week range $99.56 to $153.29. 20% below its 52-week high and 23% above its low.

The case for APO

• Revenue up 40.7% on the year.
• Has compounded revenue at 64.5% a year over five years.
• Pays a modest 1.9% dividend.

The case against

• Earnings per share down 44.9%.
• Pricey for its growth: 38.5× earnings, where 10%+ a year of growth plus a 1.9% dividend would justify about 26×.
• Swings harder than the market (beta 1.53).
• Growth is slowing: revenue up 40.7% this year against 64.5% a year over five.
• Net margin of 6% is thinner than 93% of Financials companies.
• The price trend is weak (38/100): −7.7% over a year, −7.4% over three months, 20% below its 52-week high.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
• Each factor except momentum is half fixed thresholds, half rank among the 76 Financials companies.

The financials

The financials, five years deep

Pulled from Apollo Global Management's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Apollo Global Management says it does

Index to Business Overview 13 Our Businesses 13 Asset Management 13 Retirement Services 17 Principal Investing 23 Competition 24 Human Capital 25 Regulatory and Compliance Matters 26 Available Information 32 12 Table of Contents Overview Founded in 1990, Apollo is a high-growth, global alternative asset manager and a retirement services provider. Apollo conducts its business primarily in the U.S. through the following three reportable segments: Asset Management, Retirement Services and Principal Investing. These business segments are differentiated based on the investment services they provide as well as varying investing strategies. Our Businesses Asset Management Our Asset Management segment focuses on credit and equity investing strategies. These strategies reflect the range of investment capabilities across our platform based on relative risk and return. As an asset manager, we earn fees for providing investment management services…

Risk factors APO lists in its 10-K

• Evolving political, market and economic conditions, including increased policy uncertainty and market volatility,
• may adversely affect our businesses and financial results
• A portion of our revenues, earnings and cash flow is highly variable, which may make it difficult for us to achieve steady earnings growth on a quarterly basis, which may cause the price of our shares to be volatile
• We may not be successful in expanding into new investment strategies, geographic markets and businesses and in attracting new types of investors, each of which may result in additional risks and uncertainties in our businesses
• We have increasingly undertaken business initiatives to increase the number and type of products offered to individual investors, which could expose us to new and greater levels of risk
• We depend on certain key personnel and the loss of their services could have a material adverse effect on us
• AI Technologies could increase competitive, operational, legal and regulatory risks to our businesses in ways that we cannot predict
• We rely on the financing markets for the operation of our business
• We are subject to operating and financial restrictions arising from our indebtedness
• We may experience a decline in revenue from our asset management business
• We depend on investors in the funds we manage for the continued success of our asset management business
• Valuations for the funds we manage entail significant complications and are not an indicator for actual realizations
• Investments made by the funds we manage entail significant risks and uncertainties
• The performance of the funds we manage, and our performance, may be adversely affected by the financial performance of portfolio companies of the funds we manage and the industries in which the funds we manage invest
• The funds that we manage in our credit strategy are subject to numerous additional risks
• If we are unable to attract and retain IMOs, banks and broker-dealers, sales of our retirement services products may be adversely affected
• As a financial services company, we are exposed to liquidity risk, which is the risk that we are unable to meet near-term obligations as they come due
• The amount of statutory capital that our insurance and reinsurance subsidiaries have, or that they are required to hold, can vary significantly from time to time and is sensitive to a number of factors outside of our control
• Repurchase agreement programs subject us to potential liquidity and other risks
• Our retirement services business is subject to the credit risk of its counterparties, including ceding companies, reinsurers, plan sponsors, and derivative counterparties
• Our failure to deal appropriately with conflicts of interest could damage our reputation and adversely affect our businesses
• Extensive regulation of our businesses affects our activities and creates the potential for significant liabilities and penalties. Increased regulatory focus would result in additional burdens on our businesses
• Climate change-related risks and regulatory and other efforts to address climate change could adversely affect our business
• Our structure is subject to a number of minimum tax regimes, the implementation of which remains uncertain. These regimes may not be compatible with one another and may cause us adverse tax consequences
• Certain of our non-U.S. subsidiaries may be subject to U.S. federal income taxation in an amount greater than expected
• Our ownership of certain non-U.S. entities could cause us to be subject to U.S. federal income tax in amounts greater than expected, which could adversely affect the value of your investment
• Changes in tax law could adversely impact our earnings
• The market price and trading volume of our shares may be volatile, which could result in rapid and substantial losses for our stockholders
• An investment in our shares is not an investment in any of the funds we manage, and the assets and revenues of such funds are not directly available to us
• Declaration, payment and amounts of dividends, if any, to holders of our shares will be uncertain

Filings

Other Financials companies