APO Apollo Global Management, Inc. - Fundamental Analysis
BULLISH
APO Stock | Fundamental Analysis & Investment Insights
NYSE
•
Financial Services
•
Asset Management
Current Price
$130.6
Analyst Target
$156.81
+20.1% Upside
52W High
$189.49
52W Low
$102.58
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Nov 15, 2025
Market cap
$75.8B
P/E
19.04
ROE
16.5%
Profit margin
15.8%
Debt/Equity
0.95
Dividend yield
1.56%
AI Analysis
Powered by advanced machine learning algorithms
Confidence Score
85%
Analysis Accuracy
Apollo Global Management presents a compelling investment opportunity despite near-term price weakness, with strong year-over-year revenue and earnings growth of 26.4% and 115.3%, respectively, signaling robust operating leverage in its asset management platform. The stock trades at a forward P/E of 15.40, a meaningful discount to sector peers averaging 23.27, while delivering above-average profitability with a 29.92% operating margin and 16.55% ROE. Although insider selling of $125.54M over the past six months raises caution, the analyst consensus remains solidly 'buy' with a $156.81 target implying 19.7% upside, supported by improving earnings momentum and attractive relative valuation. Over the long term, APO has delivered exceptional returns, up 224.9% over five years, underscoring its capital allocation prowess despite a challenging 12-month period marked by a -19.5% share price decline.
Key Strengths
Exceptional earnings growth of 115.3% YoY, significantly outpacing sector average revenue growth of 56.54% and reflecting strong fee and performance income realization
Superior profitability with 29.92% operating margin and 16.55% ROE, both above peer medians despite lower than average ROE vs sector (42.28%)
Attractive valuation at forward P/E of 15.40 vs sector average of 23.27 and peer group trading from 12.61 (PYPL) to 27.25 (BLK)
Healthy financial leverage at Debt/Equity of 0.95, within manageable range and below SCHW's 1.00 despite higher earnings volatility
Low payout ratio of 28.35% provides significant capacity for dividend growth or reinvestment while maintaining a 1.56% yield
Key Risks
Recent insider selling totaling $125.54M, including large transactions by a >10% beneficial owner and CFO, signals potential lack of confidence at current valuation
Missing quarterly earnings data and lack of earnings surprises history limits visibility into earnings quality and predictability
Price/Sales of 2.79 is high relative to asset management peers like BLK (2.4x) and SCHW (~5x), suggesting premium pricing on revenue
ROA of 1.44% is low compared to sector dynamics, indicating inefficient asset utilization relative to capital base
Underperformance over the past year (-19.5%) despite strong fundamentals suggests sentiment or macro headwinds may persist
AI Fair Value Estimate
Based on comprehensive analysis
$156.81
+20.1% above current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
80
Strong
88
85
75
80
70
AI Verdict
Apollo Global Management is attractively valued relative to its growth and profitability profile, trading below peer P/E multiples despite delivering strong 26.4% revenue growth and 115.3% earnings expansion; the $156.81 analyst target implies meaningful upside from current levels, supported by improving momentum and solid financial health, though insider selling and missing earnings data temper full conviction.
Key drivers: Forward P/E discount to sector and peers, Robust YoY earnings and revenue acceleration, Strong operating margins and capital efficiency
Confidence
85%
Value
88/100
APO trades at a significant valuation discount to financial services peers like BLK (27.25 P/E) and SCHW (22.11 P/E), despite stronger earnings growth than BLK and comparable revenue growth to SCHW, creating a favorable risk-reward setup
Positives
- Forward P/E of 15.40 offers a 34% discount to sector average of 23.27
- Price/Book of 3.49 is reasonable for a high-ROE asset manager vs sector dynamics
Watchpoints
- Price/Sales of 2.79 is elevated relative to asset-light peers
- Lack of EV/EBITDA and EV/Revenue metrics limits enterprise-level valuation clarity
Future
85/100
Despite a challenging 12-month price performance (-19.5%), APO is experiencing a sharp earnings inflection, with 115.3% YoY and 114.1% Q/Q earnings growth, suggesting a potential re-rating catalyst if momentum sustains into next quarters
Positives
- 115.3% YoY earnings growth and 26.4% revenue growth indicate strong momentum in fee and performance income
- Q/Q earnings growth of 114.1% suggests sustained inflection in profitability
Watchpoints
- Lack of quarterly earnings estimates and surprises history limits forward predictability
- 1Y price return of -19.5% indicates persistent negative sentiment despite fundamentals
Past
75/100
Over five years, APO has delivered exceptional shareholder returns (+224.9%), reflecting strong capital deployment, though the last 12 months have been weak (-19.5%) and lack of earnings beat history limits confidence in earnings quality
Positives
- 5-year share price return of +224.9% demonstrates long-term value creation and compounding ability
- Consistently high operating and profit margins over time indicate durable business model
Watchpoints
- No quarterly earnings surprise data available, raising concerns about transparency or reporting gaps
- Recent 1-year decline of 19.5% underperforms peers like SCHW (+18.8%) and PYPL (-26.8%)
Health
80/100
Apollo maintains healthy liquidity and moderate leverage compared to peers like SCHW (D/E 1.00), though incomplete cash and debt data prevents full stress-testing of financial resilience
Positives
- Debt/Equity of 0.95 is manageable and typical for leveraged financial firms
- Strong liquidity with Current Ratio of 1.99 and Quick Ratio of 1.88
Watchpoints
- Missing Total Debt, Total Cash, and cash flow data limits full solvency assessment
- ROA of 1.44% is low, suggesting inefficient use of assets relative to equity
Dividend
70/100
APO offers a sustainable 1.56% yield with a conservative 28.35% payout ratio, providing capital return flexibility, though lack of historical yield data limits assessment of policy consistency
Positives
- 1.56% dividend yield provides modest income with strong coverage via 28.35% payout ratio
- Low payout ratio allows for future dividend growth or reinvestment flexibility
Watchpoints
- No 5-year yield average or ex-dividend date available, limiting policy visibility
- Dividend growth history and consistency are unknown due to missing data
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$130.6
Analyst Target
$156.81
Upside/Downside
+20.1%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for APO and closest competitors.
Updated 2025-11-14
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
APO
Apollo Global Management, Inc.
Primary
|
+224.9% | +113.5% | -19.5% | -8.9% | +2.3% | -1.3% |
|
AON
Aon plc
Peer
|
+74.7% | +22.6% | -6.4% | -3.0% | -1.6% | +1.1% |
|
USB
U.S. Bancorp
Peer
|
+31.7% | +24.3% | -2.2% | +7.2% | +1.4% | -0.5% |
|
PNC
The PNC Financial Services Group, Inc.
Peer
|
+74.5% | +26.5% | -8.2% | +4.4% | +0.9% | -0.1% |
|
AJG
Arthur J. Gallagher & Co.
Peer
|
+132.4% | +41.5% | -11.6% | -24.1% | -12.7% | +3.4% |
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
19.04
Forward P/E
15.4
PEG Ratio
N/A
P/B Ratio
3.49
P/S Ratio
2.79
EV/Revenue
3.51
EV/EBITDA
N/A
Market Cap
$75.8B
Profitability
Profit margins and return metrics
Profit Margin
15.78%
Operating Margin
29.92%
Gross Margin
39.98%
ROE
16.55%
ROA
1.44%
Growth
Revenue and earnings growth rates
Revenue Growth
+26.4%
Earnings Growth
+115.3%
Q/Q Revenue Growth
N/A
Q/Q Earnings Growth
+114.1%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.95
Moderate
Current Ratio
1.99
Good
Quick Ratio
1.88
Excellent
Cash/Share
$61.97
Quarterly Earnings History
EPS performance vs analyst estimates
2026-02-04
$N/A
2025-11-04
$2.17
+14.2% surprise
2025-08-05
$0.99
-35.9% surprise
2025-05-02
$1.82
-1.3% surprise
Financial Services Sector Comparison
Comparing APO against 32 companies in the Financial Services sector
(19 bullish, 12 neutral, 1 bearish)
P/E Ratio
19.04
This Stock
vs
22.34
Sector Avg
-14.8%
(Discount)
Return on Equity (ROE)
16.55%
This Stock
vs
26.06%
Sector Avg
-36.5%
(Below Avg)
Profit Margin
15.78%
This Stock
vs
25.09%
Sector Avg
-37.1%
(Weaker)
Debt to Equity
0.95
This Stock
vs
0.75
Sector Avg
+25.5%
(Higher)
Revenue Growth
26.4%
This Stock
vs
20.1%
Sector Avg
+31.4%
(Fast Growth)
Current Ratio
1.99
This Stock
vs
1.41
Sector Avg
+40.8%
(Stronger)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
APO
Apollo Global Management, Inc.
|
BULLISH | $75.8B | 19.04 | 16.5% | 15.8% | $130.6 | |
|
AON
Aon plc
|
BULLISH | $75.43B | 28.01 | 37.7% | 16.0% | $350.13 | |
|
USB
U.S. Bancorp
|
BULLISH | $73.54B | 10.78 | 11.7% | 27.6% | $47.1 | |
|
PNC
The PNC Financial Services...
|
BULLISH | $72.15B | 11.89 | 11.5% | 29.9% | $183.99 | |
|
AJG
Arthur J. Gallagher & Co.
|
NEUTRAL | $66.39B | 41.3 | 9.1% | 13.3% | $258.51 |
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2025-11-05 | KLEINMAN SCOTT M | Officer and Director | Gift | 26,295 | - |
| 2025-10-22 | BLACK LEON D | Beneficial Owner of more than 10% of a Class of Security | Gift | 119,820 | - |
| 2025-09-11 | ROWAN MARC J | Chief Executive Officer | Gift | 134,000 | - |
| 2025-09-04 | BLACK LEON D | Beneficial Owner of more than 10% of a Class of Security | Sale | 915,000 | $122,637,450 |
| 2025-08-14 | KLEINMAN SCOTT M | President | Stock Award | 9,279 | $1,323,185 |
| 2025-08-12 | KELLY MARTIN B | Chief Financial Officer | Gift | 795 | - |
| 2025-08-12 | KELLY MARTIN B | Chief Financial Officer | Sale | 15,500 | $2,249,230 |
| 2025-08-06 | CHATTERJEE WHITNEY | Officer | Sale | 4,500 | $657,149 |
| 2025-07-18 | BLACK LEON D | Beneficial Owner of more than 10% of a Class of Security | Gift | 442,000 | - |
| 2025-07-15 | BLACK LEON D | Beneficial Owner of more than 10% of a Class of Security | Gift | 59,000 | - |
| 2025-07-01 | O'NEILL MITRA | Director | Stock Award | 1,446 | - |
| 2025-07-01 | HEALEY KERRY MURPHY | Director | Stock Award | 1,446 | - |
| 2025-07-01 | SIMON DAVID E | Director | Stock Award | 1,446 | - |
| 2025-07-01 | BIBLIOWICZ JESSICA M | Director | Stock Award | 1,446 | - |
| 2025-07-01 | RICHARDS PAULINE D E | Director | Stock Award | 1,446 | - |
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
17 analysts
Barclays
2025-11-05
Overweight
Overweight
Evercore ISI Group
2025-11-05
Outperform
Outperform
Keefe, Bruyette & Woods
2025-11-05
Outperform
Outperform
Morgan Stanley
2025-10-21
Equal-Weight
Equal-Weight
Citigroup
2025-10-13
Buy
Buy
Barclays
2025-10-08
Overweight
Overweight
Evercore ISI Group
2025-08-06
Outperform
Outperform
Wells Fargo
2025-07-11
Overweight
Overweight
Citigroup
2025-07-10
Buy
Buy
Barclays
2025-07-10
Overweight
Overweight