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 63.20B
Enterprise Value 87.41B Income 3.50B Sales 31.79B
Book/sh 37.90 Cash/sh 66.44 Dividend Yield 187.00%
Payout 35.97% Employees 6140 IPO
P/E 19.66 Forward P/E 10.01 PEG
P/S 1.99 P/B 2.87 P/C
EV/EBITDA EV/Sales 2.75 Quick Ratio 1.61
Current Ratio 1.66 Debt/Eq 99.47 LT Debt/Eq
EPS (ttm) 5.54 EPS next Y 10.88 EPS Growth -57.30%
Revenue Growth 87.70% Earnings 2026-05-01 ROA 1.29%
ROE 14.70% ROIC Gross Margin 37.34%
Oper. Margin 18.13% Profit Margin 10.98% Shs Outstand 578.25M
Shs Float 452.35M Short Float 5.49% Short Ratio 4.83
Short Interest 52W High 157.28 52W Low 99.56
Beta 1.64 Avg Volume 4.78M Volume 6.06M
Target Price $156.59 Recom Buy Prev Close $103.45
Price $108.89 Change 5.26%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$156.59
Mean price target
2. Current target
$108.89
Latest analyst target
3. DCF / Fair value
$83.10
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$108.89
Low
$131.00
High
$181.00
Mean
$156.59

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-02 main Barclays Overweight → Overweight $131
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
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2048 264663 Stock Award(Grant) at price 129.23 per share. KLEINMAN SCOTT M President 2026-02-17 00:00:00 I
1 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
2 96046 Stock Award(Grant) at price 0.00 per share. CHATTERJEE WHITNEY A Officer 2026-02-10 00:00:00 D
3 167252 Stock Award(Grant) at price 0.00 per share. ZITO JOHN P. Officer 2026-02-10 00:00:00 D
4 10912 Stock Award(Grant) at price 0.00 per share. KINAHAN KRISTIANE ELAINE Officer 2026-02-10 00:00:00 D
5 116087 Stock Award(Grant) at price 0.00 per share. KELLY MARTIN B Chief Financial Officer 2026-02-10 00:00:00 D
6 41892 Stock Award(Grant) at price 0.00 per share. BELARDI JAMES RICHARD Officer and Director 2026-02-10 00:00:00 D
7 19035 Stock Award(Grant) at price 0.00 per share. KVALHEIM GRANT A Officer 2026-02-10 00:00:00 D
8 29313 Stock Award(Grant) at price 0.00 per share. ZELTER JAMES C President 2026-02-10 00:00:00 D
9 33263 Stock Gift at price 0.00 per share. BELARDI JAMES RICHARD Officer and Director 2025-12-11 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-230.35M-120.69M-128.94M-32.36M
TaxRateForCalcs0.190.140.210.17
NormalizedEBITDA9.68B9.69B7.26B-3.31B
TotalUnusualItems-1.21B-844.00M-614.00M-186.00M
TotalUnusualItemsExcludingGoodwill-1.21B-844.00M-614.00M-186.00M
NetIncomeFromContinuingOperationNetMinorityInterest3.49B4.58B5.05B-1.96B
ReconciledDepreciation1.43B1.07B803.00M529.00M
ReconciledCostOfRevenue1.44B1.14B1.03B927.00M
EBITDA8.48B8.85B6.65B-3.50B
EBIT7.05B7.77B5.84B-4.03B
NetInterestIncome-239.00M-175.00M-82.00M277.00M
InterestExpense370.00M339.00M258.00M221.00M
InterestIncome131.00M172.00M176.00M354.00M
NormalizedIncome4.47B5.30B5.53B-1.81B
NetIncomeFromContinuingAndDiscontinuedOperation3.49B4.58B5.05B-1.96B
TotalExpenses23.79B17.82B26.50B15.34B
DilutedAverageShares604.00M589.00M584.69M236.57M
BasicAverageShares586.00M581.00M584.69M236.57M
DilutedEPS7.338.49-3.437.32
BasicEPS7.398.53-3.437.32
DilutedNIAvailtoComStockholders2.14B3.39B3.92B-2.92B
AverageDilutionEarnings0.0097.00M41.00M0.00
NetIncomeCommonStockholders2.14B3.30B3.87B-2.92B
OtherunderPreferredStockDividend1.25B1.18B1.13B962.00M
PreferredStockDividends97.00M97.00M46.00M36.66M
NetIncome3.49B4.58B5.05B-1.96B
MinorityInterests-1.91B-1.80B-1.46B1.55B
NetIncomeIncludingNoncontrollingInterests5.40B6.37B6.51B-3.51B
NetIncomeContinuousOperations5.40B6.37B6.51B-3.51B
TaxProvision1.28B1.06B-923.00M-739.00M
PretaxIncome6.68B7.43B5.59B-4.25B
OtherIncomeExpense-1.34B-689.00M-478.00M-148.00M
OtherNonOperatingIncomeExpenses-136.00M155.00M136.00M38.00M
SpecialIncomeCharges-1.24B-941.00M-688.00M-444.00M
OtherSpecialCharges1.94B3.49B
RestructuringAndMergernAcquisition1.24B941.00M688.00M444.00M
GainOnSaleOfSecurity36.00M97.00M74.00M258.00M
NetNonOperatingInterestIncomeExpense-239.00M-175.00M-82.00M277.00M
TotalOtherFinanceCost8.00M-144.00M-54.00M
InterestExpenseNonOperating370.00M339.00M258.00M221.00M
InterestIncomeNonOperating131.00M172.00M176.00M354.00M
OperatingIncome8.26B8.30B6.15B-4.38B
OperatingExpense22.35B16.68B25.47B14.42B
OtherOperatingExpenses19.25B14.04B22.90B12.72B
SellingGeneralAndAdministration3.10B2.64B2.57B1.70B
GeneralAndAdministrativeExpense3.10B2.64B2.57B1.70B
OtherGandA1.55B1.17B872.00M682.00M
SalariesAndWages1.55B1.47B1.70B1.02B
GrossProfit30.61B24.97B31.62B10.04B
CostOfRevenue1.44B1.14B1.03B927.00M
TotalRevenue32.05B26.11B32.64B10.97B
OperatingRevenue32.02B26.09B32.05B11.00B
Line Item2023-12-31
TreasurySharesNumber0.00
PreferredSharesNumber28.75M28.75M28.75M23.00M
OrdinarySharesNumber578.98M565.74M567.76M570.28M
ShareIssued578.98M565.74M567.76M570.28M
NetDebt1.55B12.31B
TotalDebt13.36B10.59B8.09B6.52B
TangibleBookValue16.02B11.53B8.32B2.32B
InvestedCapital35.31B26.44B20.74B13.16B
WorkingCapital-71.54B-53.91B-39.84B-50.46B
NetTangibleAssets17.42B12.93B9.71B2.32B
CapitalLeaseObligations664.37M505.21M
CommonStockEquity21.94B15.86B12.65B6.64B
PreferredStockEquity1.40B1.40B1.40B554.21M
TotalCapitalization36.70B27.84B22.11B13.13B
TotalEquityGrossMinorityInterest42.52B30.98B25.25B15.40B
MinorityInterest19.17B13.73B11.20B8.76B
StockholdersEquity23.34B17.25B14.04B6.64B
GainsLossesNotAffectingRetainedEarnings-2.65B-5.49B-5.58B-7.33B
OtherEquityAdjustments-2.65B-5.49B-5.58B-7.33B
RetainedEarnings7.63B6.02B2.97B-1.01B
AdditionalPaidInCapital16.95B15.33B15.25B14.98B
CapitalStock1.40B1.40B1.40B0.00
CommonStock0.000.000.000.00
PreferredStock1.40B1.40B1.40B0.00
TotalLiabilitiesNetMinorityInterest418.43B346.92B288.24B241.82B
TotalNonCurrentLiabilitiesNetMinorityInterest86.54B77.30B71.80B57.49B
OtherNonCurrentLiabilities73.17B66.71B63.74B51.00B
PreferredSecuritiesOutsideStockEquity1.03B1.77B
EmployeeBenefits55.33B0.00
NonCurrentPensionAndOtherPostretirementBenefitPlans55.33B0.00
LongTermDebtAndCapitalLeaseObligation13.36B10.59B8.06B6.49B
LongTermCapitalLeaseObligation664.37M505.21M
LongTermDebt13.36B10.59B8.06B6.49B
LongTermProvisions49.90B53.29B42.11B
CurrentLiabilities331.90B269.62B216.44B184.33B
CurrentDeferredLiabilities315.89B253.64B204.67B173.62B
CurrentDeferredRevenue315.89B253.64B204.67B173.62B
CurrentDebtAndCapitalLeaseObligation31.00M35.00M38.00M
CurrentDebt31.00M35.00M38.00M
LineOfCredit0.0031.00M35.00M38.00M
PayablesAndAccruedExpenses16.01B15.98B11.74B10.68B
Payables16.01B15.98B11.74B10.68B
OtherPayable11.09B11.65B7.54B6.71B
DuetoRelatedPartiesCurrent1.06B710.00M870.00M998.00M
AccountsPayable3.86B3.62B3.34B2.98B
TotalAssets460.95B377.89B313.49B257.22B
TotalNonCurrentAssets200.59B162.19B136.88B123.34B
OtherNonCurrentAssets19.07B17.02B14.57B12.38B
NonCurrentDeferredAssets8.63B7.17B5.98B4.47B
NonCurrentDeferredTaxesAssets633.66M424.13M
FinancialAssets9.19B8.15B5.30B3.31B
InvestmentsAndAdvances157.78B125.52B106.70B98.87B
OtherInvestments155.41B122.91B104.02B96.12B
InvestmentinFinancialAssets1.09B1.52B1.61B1.77B
HeldToMaturitySecurities0.00709.00M1.69B
AvailableForSaleSecurities1.09B1.52B1.61B1.77B
LongTermEquityInvestment1.28B1.08B1.07B979.00M
GoodwillAndOtherIntangibleAssets5.92B4.33B4.33B4.32B
OtherIntangibleAssets179.22M14.85M
Goodwill5.92B4.33B4.33B4.32B
NetPPE877.14M576.71M
AccumulatedDepreciation-160.65M-130.07M
GrossPPE1.04B706.78M
OtherProperties1.04B706.78M
CurrentAssets260.36B215.70B176.61B133.87B
RestrictedCash1.35B946.00M1.76B1.68B
PrepaidAssets62.10M57.77M
Receivables10.95B8.78B4.60B4.82B
OtherReceivables10.28B8.19B4.15B4.36B
DuefromRelatedPartiesCurrent663.00M584.00M449.00M465.00M
TaxesReceivable92.61M30.33M
CashCashEquivalentsAndShortTermInvestments248.06B205.98B170.24B127.37B
OtherShortTermInvestments228.82B189.81B154.31B117.92B
CashAndCashEquivalents19.24B16.17B15.93B9.45B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow7.25B3.25B6.32B3.79B
RepurchaseOfCapitalStock-773.00M-890.00M-561.00M-635.00M
RepaymentOfDebt-4.64B-5.26B-3.78B-4.03B
IssuanceOfDebt7.22B7.95B4.91B5.75B
IssuanceOfCapitalStock0.000.001.40B0.00
CapitalExpenditure-202.53M-64.74M
InterestPaidSupplementalData994.00M805.00M720.00M566.00M
IncomeTaxPaidSupplementalData590.00M1.05B358.00M1.01B
EndCashPosition20.59B17.11B17.69B11.13B
BeginningCashPosition17.11B17.69B11.13B2.09B
EffectOfExchangeRateChanges5.00M-3.00M10.00M-15.00M
ChangesInCash3.47B-576.00M6.55B9.05B
FinancingCashFlow60.20B57.97B42.64B28.71B
CashFlowFromContinuingFinancingActivities60.20B57.97B42.64B28.71B
NetOtherFinancingCharges59.70B57.37B41.70B28.59B
ProceedsFromStockOptionExercised-140.63M
CashDividendsPaid-1.30B-1.19B-1.03B-962.00M
PreferredStockDividendPaid-97.00M-97.00M-22.00M0.00
CommonStockDividendPaid-1.20B-1.09B-1.01B-962.00M
NetPreferredStockIssuance0.000.001.40B0.00
PreferredStockIssuance0.000.001.40B0.00
NetCommonStockIssuance-773.00M-890.00M-561.00M-635.00M
CommonStockPayments-773.00M-890.00M-561.00M-635.00M
CommonStockIssuance0.000.001.00B
NetIssuancePaymentsOfDebt2.57B2.69B1.13B1.71B
NetLongTermDebtIssuance2.57B2.69B1.13B1.71B
LongTermDebtPayments-4.64B-5.26B-3.78B-4.03B
LongTermDebtIssuance7.22B7.95B4.91B5.75B
InvestingCashFlow-63.97B-61.80B-42.41B-23.44B
CashFlowFromContinuingInvestingActivities-63.97B-61.80B-42.41B-23.44B
NetOtherInvestingChanges-1.59B-1.19B231.00M10.14B
DividendsReceivedCFI97.89M322.79M
NetInvestmentPurchaseAndSale-145.79B-116.20B-67.04B-63.89B
SaleOfInvestment6.09B3.71B
PurchaseOfInvestment-145.79B-116.20B-67.04B-63.89B
NetBusinessPurchaseAndSale83.41B55.59B24.40B30.30B
SaleOfBusiness92.61B59.43B29.05B34.30B
PurchaseOfBusiness-9.20B-3.83B-4.65B-3.99B
NetPPEPurchaseAndSale-202.53M-64.74M
PurchaseOfPPE-202.53M-64.74M
OperatingCashFlow7.25B3.25B6.32B3.79B
CashFlowFromContinuingOperatingActivities7.25B3.25B6.32B3.79B
DividendReceivedCFO2.08B
ChangeInWorkingCapital6.20B2.14B3.44B5.95B
ChangeInOtherWorkingCapital6.57B4.11B-898.00M2.04B
ChangeInOtherCurrentLiabilities-367.00M-1.97B4.33B3.90B
ChangeInPayablesAndAccruedExpense80.43M519.93M
ChangeInPayable80.43M519.93M
ChangeInAccountPayable22.14M25.07M
ChangeInReceivables-232.76M28.50M
ChangesInAccountReceivables995.00K
OtherNonCashItems-1.73B-2.17B-2.24B-4.15B
StockBasedCompensation789.00M721.00M1.03B540.00M
UnrealizedGainLossOnInvestmentSecurities24.52M-2.59B
DeferredTax107.59M464.73M
DeferredIncomeTax107.59M464.73M
DepreciationAmortizationDepletion1.43B1.07B803.00M529.00M
DepreciationAndAmortization1.43B1.07B803.00M529.00M
OperatingGainsLosses-4.84B-4.88B-3.21B4.43B
EarningsLossesFromEquityInvestments-3.70B
GainLossOnInvestmentSecurities-4.84B-4.88B-3.21B4.43B
GainLossOnSaleOfBusiness-47.60M
NetIncomeFromContinuingOperations5.40B6.37B6.51B-3.51B
SEC Filings

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

Public Trades for APO
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status