APO Chart
About

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.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Asset Management Market Cap 66.24B
Enterprise Value 80.78B Income 3.40B Sales 31.79B
Book/sh 37.90 Cash/sh 33.23 Dividend Yield 179.00%
Payout 28.35% Employees — IPO —
P/E 16.64 Forward P/E 10.48 PEG —
P/S 2.08 P/B 3.01 P/C —
EV/EBITDA — EV/Sales 2.54 Quick Ratio 5.20
Current Ratio 5.43 Debt/Eq 31.43 LT Debt/Eq —
EPS (ttm) 6.86 EPS next Y 10.89 EPS Growth -55.80%
Revenue Growth 87.70% Earnings 2026-05-01 ROA 1.29%
ROE 14.70% ROIC — Gross Margin 36.96%
Oper. Margin 17.89% Profit Margin 10.98% Shs Outstand 578.98M
Shs Float 456.54M Short Float 5.70% Short Ratio 10.36
Short Interest — 52W High 157.28 52W Low 102.58
Beta 1.56 Avg Volume 3.60M Volume 7.22M
Target Price $158.47 Recom Buy Prev Close $113.73
Price $114.13 Change 0.35%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$158.47
Mean price target
2. Current target
$114.13
Latest analyst target
3. DCF / Fair value
$102.90
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$114.13
Low
$135.00
High
$181.00
Mean
$158.47

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main UBS Buy → Buy $152
2026-02-10 main JP Morgan Overweight → Overweight $162
2026-02-10 reit Piper Sandler Overweight → Overweight $165
2026-02-10 main Morgan Stanley Overweight → Overweight $181
2026-02-10 main Barclays Overweight → Overweight $158
2026-01-13 main UBS Buy → Buy $182
2026-01-09 main Barclays Overweight → Overweight $168
2025-12-12 main Barclays Overweight → Overweight $172
2025-11-25 main Barclays Overweight → Overweight $159
2025-11-20 up Morgan Stanley Equal-Weight → Overweight $180
2025-11-05 main Barclays Overweight → Overweight $158
2025-11-05 main Evercore ISI Group Outperform → Outperform $155
2025-11-05 main Keefe, Bruyette & Woods Outperform → Outperform $173
2025-10-21 main Morgan Stanley Equal-Weight → Equal-Weight $151
2025-10-13 main Citigroup Buy → Buy $150
2025-10-08 main Barclays Overweight → Overweight $147
2025-08-06 main Evercore ISI Group Outperform → Outperform $160
2025-07-11 main Wells Fargo Overweight → Overweight $173
2025-07-10 main Citigroup Buy → Buy $170
2025-07-10 main Barclays Overweight → Overweight $168
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 147813 4367874 — Conversion of Exercise of derivative security at price 29.55 per share. BELARDI JAMES RICHARD Officer and Director — 2026-02-13 00:00:00 D
1 29313 — — Stock Award(Grant) at price 0.00 per share. ZELTER JAMES C President — 2026-02-10 00:00:00 D
2 116087 — — Stock Award(Grant) at price 0.00 per share. KELLY MARTIN B Chief Financial Officer — 2026-02-10 00:00:00 D
3 41892 — — Stock Award(Grant) at price 0.00 per share. BELARDI JAMES RICHARD Officer and Director — 2026-02-10 00:00:00 D
4 19035 — — Stock Award(Grant) at price 0.00 per share. KVALHEIM GRANT A Officer — 2026-02-10 00:00:00 D
5 96046 — — Stock Award(Grant) at price 0.00 per share. CHATTERJEE WHITNEY A Officer — 2026-02-10 00:00:00 D
6 167252 — — Stock Award(Grant) at price 0.00 per share. ZITO JOHN P. Officer — 2026-02-10 00:00:00 D
7 10912 — — Stock Award(Grant) at price 0.00 per share. KINAHAN KRISTIANE ELAINE Officer — 2026-02-10 00:00:00 D
8 33263 — — Stock Gift at price 0.00 per share. BELARDI JAMES RICHARD Officer and Director — 2025-12-11 00:00:00 D
9 8500 1241257 — Sale at price 146.03 per share. CHATTERJEE WHITNEY A Officer — 2025-12-10 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-120.69M-128.94M-32.36M382.71M
TaxRateForCalcs0.140.210.170.12
NormalizedEBITDA9.69B7.26B-3.31B2.66B
TotalUnusualItems-844.00M-614.00M-186.00M3.14B
TotalUnusualItemsExcludingGoodwill-844.00M-614.00M-186.00M3.14B
NetIncomeFromContinuingOperationNetMinorityInterest4.58B5.05B-1.96B1.84B
ReconciledDepreciation1.07B803.00M529.00M27.00M
ReconciledCostOfRevenue1.14B1.03B927.00M778.00M
EBITDA8.85B6.65B-3.50B5.79B
EBIT7.77B5.84B-4.03B5.77B
NetInterestIncome-175.00M-82.00M277.00M-107.00M
InterestExpense339.00M258.00M221.00M907.00M
InterestIncome172.00M176.00M354.00M746.00M
NormalizedIncome5.30B5.53B-1.81B-915.29M
NetIncomeFromContinuingAndDiscontinuedOperation4.58B5.05B-1.96B1.84B
TotalExpenses17.82B26.50B15.34B3.98B
DilutedAverageShares604.00M589.00M584.69M236.57M
BasicAverageShares586.00M581.00M584.69M236.57M
DilutedEPS7.338.49-3.437.32
BasicEPS7.398.53-3.437.32
DilutedNIAvailtoComStockholders3.39B3.92B-2.92B1.23B
AverageDilutionEarnings97.00M41.00M0.000.00
NetIncomeCommonStockholders3.30B3.87B-2.92B1.23B
OtherunderPreferredStockDividend1.18B1.13B962.00M573.00M
PreferredStockDividends97.00M46.00M36.66M37.00M
NetIncome4.58B5.05B-1.96B1.84B
MinorityInterests-1.80B-1.46B1.55B-2.43B
NetIncomeIncludingNoncontrollingInterests6.37B6.51B-3.51B4.27B
NetIncomeContinuousOperations6.37B6.51B-3.51B4.27B
TaxProvision1.06B-923.00M-739.00M594.00M
PretaxIncome7.43B5.59B-4.25B4.86B
OtherIncomeExpense-689.00M-478.00M-148.00M2.99B
OtherNonOperatingIncomeExpenses155.00M136.00M38.00M-145.00M
SpecialIncomeCharges-941.00M-688.00M-444.00M0.00
OtherSpecialCharges1.94B3.49B
RestructuringAndMergernAcquisition941.00M688.00M444.00M0.00
GainOnSaleOfSecurity97.00M74.00M258.00M3.14B
NetNonOperatingInterestIncomeExpense-175.00M-82.00M277.00M-107.00M
TotalOtherFinanceCost8.00M-144.00M-54.00M
InterestExpenseNonOperating339.00M258.00M221.00M907.00M
InterestIncomeNonOperating172.00M176.00M354.00M746.00M
OperatingIncome8.30B6.15B-4.38B1.98B
OperatingExpense16.68B25.47B14.42B3.20B
OtherOperatingExpenses14.04B22.90B12.72B
SellingGeneralAndAdministration2.64B2.57B1.70B3.20B
GeneralAndAdministrativeExpense2.64B2.57B1.70B3.20B
OtherGandA1.17B872.00M682.00M482.00M
SalariesAndWages1.47B1.70B1.02B2.71B
GrossProfit24.97B31.62B10.04B5.17B
CostOfRevenue1.14B1.03B927.00M778.00M
TotalRevenue26.11B32.64B10.97B5.95B
OperatingRevenue26.09B32.05B11.00B5.95B
Line Item2023-12-31
TreasurySharesNumber0.00
PreferredSharesNumber28.75M28.75M23.00M23.00M
OrdinarySharesNumber565.74M567.76M570.28M248.90M
ShareIssued565.74M567.76M570.28M248.90M
NetDebt1.55B12.31B
TotalDebt10.59B8.09B6.52B13.69B
TangibleBookValue11.53B8.32B2.32B3.12B
InvestedCapital26.44B20.74B13.16B16.92B
WorkingCapital-53.91B-39.84B-50.46B-1.53B
NetTangibleAssets12.93B9.71B2.32B3.67B
CapitalLeaseObligations664.37M505.21M
CommonStockEquity15.86B12.65B6.64B3.23B
PreferredStockEquity1.40B1.40B554.21M554.00M
TotalCapitalization27.84B22.11B13.13B17.44B
TotalEquityGrossMinorityInterest30.98B25.25B15.40B11.96B
MinorityInterest13.73B11.20B8.76B8.18B
StockholdersEquity17.25B14.04B6.64B3.79B
GainsLossesNotAffectingRetainedEarnings-5.49B-5.58B-7.33B-5.00M
OtherEquityAdjustments-5.49B-5.58B-7.33B-5.00M
RetainedEarnings6.02B2.97B-1.01B1.14B
AdditionalPaidInCapital15.33B15.25B14.98B2.10B
CapitalStock1.40B1.40B0.00554.00M
CommonStock0.000.000.000.00
PreferredStock1.40B1.40B0.00554.00M
TotalLiabilitiesNetMinorityInterest346.92B288.24B241.82B18.54B
TotalNonCurrentLiabilitiesNetMinorityInterest77.30B71.80B57.49B14.43B
OtherNonCurrentLiabilities66.71B63.74B51.00B781.00M
PreferredSecuritiesOutsideStockEquity1.03B1.77B
EmployeeBenefits55.33B0.00
NonCurrentPensionAndOtherPostretirementBenefitPlans55.33B0.00
LongTermDebtAndCapitalLeaseObligation10.59B8.06B6.49B13.65B
LongTermCapitalLeaseObligation664.37M505.21M
LongTermDebt10.59B8.06B6.49B13.65B
LongTermProvisions49.90B53.29B42.11B
CurrentLiabilities269.62B216.44B184.33B4.11B
CurrentDeferredLiabilities253.64B204.67B173.62B0.00
CurrentDeferredRevenue253.64B204.67B173.62B0.00
CurrentDebtAndCapitalLeaseObligation31.00M35.00M38.00M
CurrentDebt31.00M35.00M38.00M
LineOfCredit0.0031.00M35.00M38.00M
PayablesAndAccruedExpenses15.98B11.74B10.68B4.07B
Payables15.98B11.74B10.68B4.07B
OtherPayable11.65B7.54B6.71B1.44B
DuetoRelatedPartiesCurrent710.00M870.00M998.00M1.22B
AccountsPayable3.62B3.34B2.98B2.85B
TotalAssets377.89B313.49B257.22B30.50B
TotalNonCurrentAssets162.19B136.88B123.34B27.92B
OtherNonCurrentAssets17.02B14.57B12.38B1.72B
NonCurrentDeferredAssets7.17B5.98B4.47B0.00
NonCurrentDeferredTaxesAssets633.66M424.13M
FinancialAssets8.15B5.30B3.31B
InvestmentsAndAdvances125.52B106.70B98.87B26.09B
OtherInvestments122.91B104.02B96.12B24.75B
InvestmentinFinancialAssets1.52B1.61B1.77B1.69B
HeldToMaturitySecurities0.00709.00M1.69B
AvailableForSaleSecurities1.52B1.61B1.77B
LongTermEquityInvestment1.08B1.07B979.00M1.35B
GoodwillAndOtherIntangibleAssets4.33B4.33B4.32B117.00M
OtherIntangibleAssets179.22M14.85M
Goodwill4.33B4.33B4.32B117.00M
NetPPE877.14M576.71M
AccumulatedDepreciation-160.65M-130.07M
GrossPPE1.04B706.78M
OtherProperties1.04B706.78M
CurrentAssets215.70B176.61B133.87B2.58B
RestrictedCash946.00M1.76B1.68B708.00M
PrepaidAssets62.10M57.77M
Receivables8.78B4.60B4.82B490.00M
OtherReceivables8.19B4.15B4.36B4.24M
DuefromRelatedPartiesCurrent584.00M449.00M465.00M490.00M
TaxesReceivable92.61M30.33M
CashCashEquivalentsAndShortTermInvestments205.98B170.24B127.37B1.38B
OtherShortTermInvestments189.81B154.31B117.92B
CashAndCashEquivalents16.17B15.93B9.45B1.38B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow3.25B6.32B3.79B1.06B
RepurchaseOfCapitalStock-890.00M-561.00M-635.00M-299.00M
RepaymentOfDebt-5.26B-3.78B-4.03B-1.97B
IssuanceOfDebt7.95B4.91B5.75B1.33B
IssuanceOfCapitalStock0.001.40B0.001.00B
CapitalExpenditure-202.53M-64.74M
InterestPaidSupplementalData805.00M720.00M566.00M556.00M
IncomeTaxPaidSupplementalData1.05B358.00M1.01B121.00M
EndCashPosition17.11B17.69B11.13B2.09B
BeginningCashPosition17.69B11.13B2.09B2.47B
EffectOfExchangeRateChanges-3.00M10.00M-15.00M0.00
ChangesInCash-576.00M6.55B9.05B-379.00M
FinancingCashFlow57.97B42.64B28.71B109.00M
CashFlowFromContinuingFinancingActivities57.97B42.64B28.71B109.00M
NetOtherFinancingCharges57.37B41.70B28.59B595.00M
ProceedsFromStockOptionExercised-140.63M
CashDividendsPaid-1.19B-1.03B-962.00M-554.00M
PreferredStockDividendPaid-97.00M-22.00M0.00-37.00M
CommonStockDividendPaid-1.09B-1.01B-962.00M-517.00M
NetPreferredStockIssuance0.001.40B0.000.00
PreferredStockIssuance0.001.40B0.000.00
NetCommonStockIssuance-890.00M-561.00M-635.00M702.00M
CommonStockPayments-890.00M-561.00M-635.00M-299.00M
CommonStockIssuance0.000.001.00B
NetIssuancePaymentsOfDebt2.69B1.13B1.71B-634.00M
NetLongTermDebtIssuance2.69B1.13B1.71B-634.00M
LongTermDebtPayments-5.26B-3.78B-4.03B-1.97B
LongTermDebtIssuance7.95B4.91B5.75B1.33B
InvestingCashFlow-61.80B-42.41B-23.44B-1.55B
CashFlowFromContinuingInvestingActivities-61.80B-42.41B-23.44B-1.55B
NetOtherInvestingChanges-1.19B231.00M10.14B-69.00M
DividendsReceivedCFI97.89M322.79M
NetInvestmentPurchaseAndSale-116.20B-67.04B-63.89B-5.51B
SaleOfInvestment6.09B3.71B
PurchaseOfInvestment-116.20B-67.04B-63.89B-5.51B
NetBusinessPurchaseAndSale55.59B24.40B30.30B4.03B
SaleOfBusiness59.43B29.05B34.30B4.03B
PurchaseOfBusiness-3.83B-4.65B-3.99B0.00
NetPPEPurchaseAndSale-202.53M-64.74M
PurchaseOfPPE-202.53M-64.74M
OperatingCashFlow3.25B6.32B3.79B1.06B
CashFlowFromContinuingOperatingActivities3.25B6.32B3.79B1.06B
DividendReceivedCFO2.08B
ChangeInWorkingCapital2.14B3.44B5.95B3.05B
ChangeInOtherWorkingCapital4.11B-898.00M2.04B3.05B
ChangeInOtherCurrentLiabilities-1.97B4.33B3.90B0.00
ChangeInPayablesAndAccruedExpense80.43M519.93M
ChangeInPayable80.43M519.93M
ChangeInAccountPayable22.14M25.07M
ChangeInReceivables-232.76M28.50M
ChangesInAccountReceivables995.00K
OtherNonCashItems-2.17B-2.24B-4.15B-597.00M
StockBasedCompensation721.00M1.03B540.00M1.18B
UnrealizedGainLossOnInvestmentSecurities24.52M-2.59B
DeferredTax107.59M464.73M
DeferredIncomeTax107.59M464.73M
DepreciationAmortizationDepletion1.07B803.00M529.00M27.00M
DepreciationAndAmortization1.07B803.00M529.00M27.00M
OperatingGainsLosses-4.88B-3.21B4.43B-6.86B
EarningsLossesFromEquityInvestments-3.70B
GainLossOnInvestmentSecurities-4.88B-3.21B4.43B-6.86B
GainLossOnSaleOfBusiness-47.60M
NetIncomeFromContinuingOperations6.37B6.51B-3.51B4.27B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for APO
Date User Asset Broker Type Position Size Entry Price Patterns