Financials · Asset Management & Custody Banks · US stock · price as of 16 Oct 2026
Key indicators
Price
$110.78
52-week range
$98.73 – $151.39
Market cap
$67.6B
P/E (trailing)
37.5×
Dividend yield
1.9%
Revenue (last 12 months)
$35.9B
Revenue growth (3y a year)
43.0%
Price / book
3.2×
Return on equity
8.5%
Fair value
Blended fair value$52.85 book-value models
Versus priceOvervalued−52% to fair value
Excess-return model (banks, insurers)
$42.21
Price / book vs return on equity
$68.81
Model uncertainty
High
X-Ray Score
51/ 100 · Medium confidence · ahead of 55% of sector peers
Valuation35
Growth67
Profitability56
Financial health50
Dividends48
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Apollo Global Management is an alternative asset manager that invests on behalf of pension funds, insurers, sovereign wealth funds and individuals across credit, private equity and real assets. It earns management fees on the capital it oversees, performance-related fees when investments do well, and spread income from its retirement services business, Athene, which sells annuities and invests the premiums mainly in credit assets.
Sales totalled $35.9 billion over the last twelve months, and the three-year record shows growth of 43.0% a year. The operating margin is 22.6%, and the return on invested capital is 90%. Shareholders receive a dividend, currently yielding 1.9%. The figures are a snapshot of reported results rather than a forecast.
StocksXray gives Apollo Global Management, Inc. an X-Ray Score of 51 out of 100 (medium confidence), ahead of 55% of the S&P 500 stocks in its sector. Its strongest lens is growth (67) and its weakest is valuation (35).
Our fair value blend is $52.85. At $110.78 the stock trades 110% above that blend, so the label is "Overvalued" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Apollo Global Management, Inc. (APO)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$66.19
$59.84
$89.42
$160.85
$142.96
$110.78
Market cap
$15.7B
$35.0B
$52.7B
$97.2B
$84.9B
$67.6B
P/E
9.0×
–
10.8×
21.9×
25.8×
37.5×
Price / book
4.1×
5.3×
3.7×
5.6×
3.6×
3.2×
Dividend yield
3.17%
2.67%
1.89%
1.13%
1.39%
1.94%
Fundamentals checklist ● 2 Good · ● 2 Average · ● 2 Bad · each check graded against the sector
Risk models
Piotroski F-Score6 of 9Average
Growth
Revenue growth (3y)43.0%Good
Growth consistency60%Bad
Valuation
Fair value vs price0.5×Bad
Profitability
Return on invested capital90.1%Good
Operating margin22.6%Average
XStocksXray
Apollo Global Management, Inc. (APO)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
5,951
10,968
32,644
26,114
32,049
35,899
Net income
1,802
-1,961
5,001
4,480
3,395
1,778
Diluted EPS ($)
7.32
-3.43
8.28
7.33
5.54
2.96
Net margin
30.3%
−17.9%
15.3%
17.2%
10.6%
5.0%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
30,502
257,217
313,488
377,895
460,949
494,048
Cash
917
8,980
17,691
17,112
20,591
28,417
Total debt
3,134
6,472
8,092
10,588
13,364
13,727
Equity
3,789
6,640
14,044
17,253
23,341
21,006
Dividend per share ($)
2.10
1.60
1.69
1.81
1.99
2.09
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.