Apollo Global Management (APO) AI Stock Analysis

• Market Cap: $84.97B
• Dividend Yield: 1.36%
• Average Volume (3M): 3.26M
• Price to Earnings (P/E): 21.7
• Beta (1Y): 1.78
• Revenue Growth: -13.27%
• EPS Growth: -28.74%
• Country: US
• Employees: 5,141
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Global
• EPS (TTM): 2.17
• Shares Outstanding: 580,422,550
• 10 Day Avg. Volume: 3,522,920
• 30 Day Avg. Volume: 3,256,515
• PEG Ratio: -1.96
• Price to Book (P/B): 5.61
• Price to Sales (P/S): 3.71
• P/FCF Ratio: 29.76
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 3.29
• Enterprise Value/Gross Profit: 3.45
• Enterprise Value/Ebitda: 10.84
• 1Y Price Target: $162.91
• Price Target Upside: 11.35% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): 7.97
• Revenue Forecast (FY): $19.38B

• Rating: 75 Outperform
• Price Target: $169.00 ▲(15.52% Upside)

Apollo Global Management's overall stock score reflects strong financial performance and a positive outlook from recent earnings, supported by robust growth in assets under management and strategic initiatives. However, technical indicators suggest the stock may be overbought, and valuation metrics indicate potential overvaluation. The company should continue to monitor cash flow trends and manage debt levels to maintain financial flexibility.

Positive Factors

Record Assets Under Management

The significant growth in assets under management indicates strong market positioning and the ability to attract and manage large-scale investments, which is crucial for sustained revenue growth.

Innovative Strategies and New Opportunities

Expanding into new markets like 401(k) plans can diversify revenue streams and capture new customer segments, enhancing long-term growth potential.

Strong Fee-Related Earnings Growth

The robust growth in fee-related earnings reflects effective management and strong demand for Apollo's investment products, supporting sustainable profitability.

Negative Factors

Decline in Free Cash Flow

A significant decline in free cash flow could limit Apollo's ability to invest in growth opportunities and manage debt, impacting long-term financial flexibility.

High Reliance on Debt

High reliance on debt can pose risks if market conditions change, potentially affecting Apollo's financial stability and ability to leverage opportunities.

Prepayment Headwinds

Prepayment headwinds can affect the yield on investments, potentially reducing income and impacting Apollo's ability to meet financial targets.

Apollo Global Management Business Overview & Revenue Model

Company Description

Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions. 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 seeks to invest in companies based in across Africa, North America with a focus on United States, and Europe. The firm also makes investments outside North America, primarily in Western Europe and Asia. It employs a combination of contrarian, value, and distressed strategies to make its investments. The firm seeks to make investments in the range of $10 million and $1500 million. The firm seeks to invest in companies with Enterprise value between $750 million to $2500 million. The firm conducts an 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 and Europe.

How the Company Makes Money

Apollo Global Management generates revenue primarily through management fees and performance-based earnings from its investment funds. The company charges management fees, typically a percentage of the assets under management (AUM), for overseeing and managing its investment portfolios. Additionally, Apollo earns performance fees, or carried interest, when its investments exceed a certain benchmark, thus aligning its interests with those of its investors. Significant revenue streams include private equity fund management, credit fund management, and real estate fund management. Apollo also benefits from strategic partnerships with various institutional investors and corporations, which help facilitate capital raising and investment opportunities, further contributing to its earnings.

Apollo Global Management Financial Statement Overview

Summary

Apollo Global Management demonstrates strong revenue growth and profitability, with efficient cost management and operational performance. The balance sheet shows a stable debt-to-equity ratio and strong return on equity, though the reliance on debt could be a concern. Cash flow analysis reveals a decline in free cash flow, which may affect future financial flexibility. Overall, the company is in a solid financial position but should monitor cash flow trends closely.

Income Statement

Apollo Global Management shows strong revenue growth with an 8.51% increase in TTM, indicating robust business expansion. The gross profit margin remains high at 95.14%, reflecting efficient cost management. However, the net profit margin has decreased from 16.95% in 2024 to 12.89% in TTM, suggesting some pressure on profitability. EBIT and EBITDA margins are healthy, though slightly lower than previous years, indicating solid operational performance.

Balance Sheet

The company's debt-to-equity ratio is stable at 0.63, showing a balanced approach to leveraging. Return on equity is strong at 21.78%, reflecting effective use of shareholder funds. The equity ratio is relatively low, indicating a high reliance on debt, which could pose risks if market conditions change.

Cash Flow

Free cash flow has decreased significantly by 37.61% in TTM, which could impact future investments and debt repayments. The operating cash flow to net income ratio is low at 0.014, suggesting potential issues in converting income into cash. However, the free cash flow to net income ratio remains at 1.0, indicating that the company generates sufficient cash to cover its net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	27.47B	26.11B	32.64B	10.97B	5.95B	2.35B
Gross Profit	26.15B	24.97B	31.62B	10.04B	5.17B	1.73B
EBITDA	8.33B	8.85B	6.65B	-3.50B	5.79B	953.00M
Net Income	4.23B	4.43B	4.88B	-1.96B	1.84B	157.00M
Balance Sheet
Total Assets	449.54B	377.89B	313.49B	257.22B	30.50B	23.67B
Cash, Cash Equivalents and Short-Term Investments	245.96B	205.98B	170.24B	127.37B	1.38B	2.45B
Total Debt	12.63B	10.59B	8.09B	7.19B	14.19B	14.62B
Total Liabilities	409.75B	346.92B	288.24B	241.82B	18.54B	17.37B
Stockholders Equity	23.14B	17.25B	14.04B	6.64B	3.79B	1.43B
Cash Flow
Free Cash Flow	2.57B	3.25B	6.32B	3.59B	999.31M	-1.68B
Operating Cash Flow	2.57B	3.25B	6.32B	3.79B	1.06B	-1.62B
Investing Cash Flow	-66.00B	-61.80B	-42.41B	-23.44B	-1.55B	-837.66M
Financing Cash Flow	67.00B	57.97B	42.64B	28.71B	109.00M	3.30B

Apollo Global Management Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 146.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APO, the sentiment is Positive. The current price of 146.3 is above the 20-day moving average (MA) of 138.39, above the 50-day MA of 131.22, and above the 200-day MA of 135.06, indicating a bullish trend. The MACD of 4.90 indicates Negative momentum. The RSI at 66.75 is Neutral, neither overbought nor oversold. The STOCH value of 69.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for APO.

Apollo Global Management Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APO	75 Outperform	$84.97B	21.69	20.30%	1.36%	-13.27%	-28.74%
OWL	69 Neutral	$24.00B	342.00	2.41%	5.56%	27.24%	-59.82%
KKR	69 Neutral	$117.79B	56.30	8.73%	0.55%	-33.80%	-24.81%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ARES	64 Neutral	$55.08B	71.79	18.64%	2.66%	50.70%	7.32%
TPG	61 Neutral	$24.57B	678.50	7.19%	2.98%	25.02%	235.70%
CG	59 Neutral	$20.91B	32.29	11.85%	2.41%	-24.62%	437.16%

Apollo Global Management Corporate Events

Apollo Global Management Approves $23.5M in RSUs for Executives

On December 9, 2025, Apollo Global Management‘s Compensation Committee approved significant restricted share units (RSUs) for its Chief Financial Officer, Martin Kelly, and Chief Legal Officer, Whitney Chatterjee, valued at $10 million and $13.5 million respectively. These RSUs are part of a strategic move to retain key executives and align their compensation with industry peers during a crucial growth phase. The RSUs will vest based on performance criteria and are designed to emphasize long-term value creation and shareholder alignment. Additionally, the committee allowed executive officers to defer equity awards, with Scott Kleinman opting to defer a portion of his 2021 RSU Awards, extending his alignment with shareholders beyond the initial settlement date.

Apollo Global Management Clarifies 8-K Filing Status

Apollo Global Management‘s recent announcement clarifies that the information provided in their current report on Form 8-K is not considered ‘filed’ for the purposes of Section 18 of the Securities Exchange Act of 1934. This clarification means that the information is not subject to the liabilities of that section unless specifically referenced in future filings.

Apollo Global Management Issues Senior Notes Offering

On November 7, 2025, Apollo Global Management issued $400 million of 4.600% Senior Notes due 2031 and an additional $350 million of 5.150% Senior Notes due 2035 as part of a public offering. The proceeds from this offering are intended for general corporate purposes, potentially enhancing the company’s financial flexibility and market positioning.

Apollo Global Management Reports Q3 Investment Income Estimates

Apollo Global Management, Inc. and its subsidiary Athene Holding Ltd. reported preliminary estimates for their alternative net investment income for the third quarter ended September 30, 2025. The company anticipates approximately $325 million in pre-tax alternative net investment income, equating to an estimated 10% annualized return. While these figures offer insights into the company’s financial performance, they are preliminary and subject to change, as the financial closing procedures are not yet complete, and the results have not been audited.

Apollo Global Management Board Member Resigns

On September 29, 2025, Pauline Richards, a member of the Board of Directors at Apollo Global Management, announced her resignation, effective the following day. Her departure was not due to any disagreements with the company’s management or board, suggesting a smooth transition and minimal impact on the company’s operations.