Apollo Global Management (APO)
Market Price (5/13/2026): $131.93 | Market Cap: $78.5 BilSector: Financials | Industry: Asset Management & Custody Banks
Apollo Global Management (APO)
Market Price (5/13/2026): $131.93Market Cap: $78.5 BilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -304% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%, CFO LTM is 7.9 Bil, FCF LTM is 7.9 Bil Attractive yieldFCF Yield is 10% Stock buyback supportStock Buyback 3Y Total is 2.4 Bil Low stock price volatilityVol 12M is 36% Megatrend and thematic driversMegatrends include Digital & Alternative Assets, Sustainable Finance, Sustainable Infrastructure, Renewable Energy Transition, Show more. | Weak multi-year price returns2Y Excs Rtn is -23% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 69x Weak revenue growthRev Chg QQuarterly Revenue Change % is -9.0% Key risksAPO key risks include [1] regulatory and capital adequacy challenges within its Athene insurance subsidiary, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -304% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%, CFO LTM is 7.9 Bil, FCF LTM is 7.9 Bil |
| Attractive yieldFCF Yield is 10% |
| Stock buyback supportStock Buyback 3Y Total is 2.4 Bil |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets, Sustainable Finance, Sustainable Infrastructure, Renewable Energy Transition, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -23% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 69x |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -9.0% |
| Key risksAPO key risks include [1] regulatory and capital adequacy challenges within its Athene insurance subsidiary, Show more. |
Qualitative Assessment
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1. Quarterly Earnings Miss and Significant GAAP Net Loss: Apollo Global Management reported adjusted net income of $1.94 per share for Q1 2026, falling short of analyst consensus estimates ranging from $1.96 to $1.99. The company's revenue of $5.06 billion also missed forecasts, which were between $5.34 billion and $5.37 billion. Furthermore, Apollo reported a GAAP net loss attributable to common stockholders of $1.93 billion, or $3.27 per share, primarily due to a one-time tax expense of $1.7 billion related to Bermuda tax matters.
2. Reputational Damage and Securities Class Action Lawsuit Related to Jeffrey Epstein: In early February 2026, investigative reports surfaced linking Apollo's co-founders to Jeffrey Epstein. These reports led to a securities class action lawsuit alleging that Apollo's leadership made false statements regarding the firm's relationship with Epstein. Following these revelations, Apollo's stock price plummeted more than 15% in approximately three weeks, resulting in an estimated $12 billion reduction in market capitalization.
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Stock Movement Drivers
Fundamental Drivers
The -1.5% change in APO stock from 1/31/2026 to 5/12/2026 was primarily driven by a -76.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 133.99 | 131.93 | -1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27,476 | 31,558 | 14.9% |
| Net Income Margin (%) | 15.6% | 3.6% | -76.8% |
| P/E Multiple | 18.4 | 68.6 | 273.0% |
| Shares Outstanding (Mil) | 589 | 595 | -0.9% |
| Cumulative Contribution | -1.5% |
Market Drivers
1/31/2026 to 5/12/2026| Return | Correlation | |
|---|---|---|
| APO | -1.5% | |
| Market (SPY) | 3.6% | 42.0% |
| Sector (XLF) | -3.0% | 59.7% |
Fundamental Drivers
The 7.0% change in APO stock from 10/31/2025 to 5/12/2026 was primarily driven by a 219.4% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 123.32 | 131.93 | 7.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25,426 | 31,558 | 24.1% |
| Net Income Margin (%) | 13.3% | 3.6% | -72.6% |
| P/E Multiple | 21.5 | 68.6 | 219.4% |
| Shares Outstanding (Mil) | 587 | 595 | -1.4% |
| Cumulative Contribution | 7.0% |
Market Drivers
10/31/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| APO | 7.0% | |
| Market (SPY) | 5.5% | 39.2% |
| Sector (XLF) | -0.7% | 58.6% |
Fundamental Drivers
The -1.9% change in APO stock from 4/30/2025 to 5/12/2026 was primarily driven by a -79.3% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 134.42 | 131.93 | -1.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26,114 | 31,558 | 20.8% |
| Net Income Margin (%) | 17.5% | 3.6% | -79.3% |
| P/E Multiple | 17.1 | 68.6 | 300.3% |
| Shares Outstanding (Mil) | 584 | 595 | -1.9% |
| Cumulative Contribution | -1.9% |
Market Drivers
4/30/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| APO | -1.9% | |
| Market (SPY) | 30.4% | 49.2% |
| Sector (XLF) | 7.4% | 60.8% |
Fundamental Drivers
The 118.8% change in APO stock from 4/30/2023 to 5/12/2026 was primarily driven by a 187.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 60.30 | 131.93 | 118.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,968 | 31,558 | 187.7% |
| P/S Multiple | 3.2 | 2.5 | -22.4% |
| Shares Outstanding (Mil) | 583 | 595 | -2.0% |
| Cumulative Contribution | 118.8% |
Market Drivers
4/30/2023 to 5/12/2026| Return | Correlation | |
|---|---|---|
| APO | 118.8% | |
| Market (SPY) | 78.7% | 64.3% |
| Sector (XLF) | 63.2% | 66.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| APO Return | 53% | -10% | 49% | 80% | -11% | -10% | 200% |
| Peers Return | 87% | -29% | 66% | 47% | -1% | -17% | 166% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| APO Win Rate | 67% | 33% | 83% | 75% | 42% | 60% | |
| Peers Win Rate | 73% | 35% | 63% | 72% | 50% | 36% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| APO Max Drawdown | -6% | -35% | -11% | -2% | -34% | -30% | |
| Peers Max Drawdown | -5% | -37% | -3% | -6% | -30% | -29% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BX, KKR, ARES, CG, BAM. See APO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/12/2026 (YTD)
How Low Can It Go
| Event | APO | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -16.8% | -7.8% |
| % Gain to Breakeven | 20.2% | 8.5% |
| Time to Breakeven | 45 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.0% | -6.7% |
| % Gain to Breakeven | 25.0% | 7.1% |
| Time to Breakeven | 80 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.7% | -24.5% |
| % Gain to Breakeven | 50.9% | 32.4% |
| Time to Breakeven | 211 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.9% | -33.7% |
| % Gain to Breakeven | 95.7% | 50.9% |
| Time to Breakeven | 64 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -35.8% | -19.2% |
| % Gain to Breakeven | 55.7% | 23.7% |
| Time to Breakeven | 193 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -37.3% | -12.2% |
| % Gain to Breakeven | 59.4% | 13.9% |
| Time to Breakeven | 273 days | 62 days |
In The Past
Apollo Global Management's stock fell -16.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 20.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | APO | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.0% | -6.7% |
| % Gain to Breakeven | 25.0% | 7.1% |
| Time to Breakeven | 80 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.7% | -24.5% |
| % Gain to Breakeven | 50.9% | 32.4% |
| Time to Breakeven | 211 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.9% | -33.7% |
| % Gain to Breakeven | 95.7% | 50.9% |
| Time to Breakeven | 64 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -35.8% | -19.2% |
| % Gain to Breakeven | 55.7% | 23.7% |
| Time to Breakeven | 193 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -37.3% | -12.2% |
| % Gain to Breakeven | 59.4% | 13.9% |
| Time to Breakeven | 273 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -41.5% | -6.8% |
| % Gain to Breakeven | 71.0% | 7.3% |
| Time to Breakeven | 301 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -42.3% | -17.9% |
| % Gain to Breakeven | 73.3% | 21.8% |
| Time to Breakeven | 395 days | 123 days |
In The Past
Apollo Global Management's stock fell -16.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 20.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Apollo Global Management (APO)
AI Analysis | Feedback
Here are 1-3 brief analogies for Apollo Global Management (APO):
- Imagine a **BlackRock or Vanguard, but focused on private markets**, investing billions for institutions in private companies, real estate, and specialized credit.
- Think of it as a **Warren Buffett-style investment firm (like Berkshire Hathaway), but for institutional clients**, acquiring and managing private companies, real estate, and complex debt through dedicated funds.
- It's like the **private equity and specialized lending divisions of a major investment bank (e.g., Goldman Sachs), but operating as a standalone global asset manager** for institutions and wealthy investors.
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- Private Equity Fund Management: Apollo manages funds that invest across various private equity strategies including buyouts, distressed assets, growth capital, and corporate restructuring.
- Credit and Fixed Income Fund Management: The firm manages a range of credit-focused funds investing in senior loans, bonds, structured credit, distressed debt, and other fixed income securities.
- Real Estate Fund Management: Apollo launches and manages funds dedicated to investments in real estate markets, encompassing both debt and equity strategies.
- Hedge Fund Management: The firm launches and manages hedge funds for its institutional and individual clients.
AI Analysis | Feedback
Apollo Global Management (APO) is an asset management firm, and its customers are the investors whose capital it manages in various funds and portfolios. The company primarily serves the following categories of investors:
- Institutional Investors, including endowment funds and sovereign wealth funds.
- Other Institutional Investors.
- Individual Investors.
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Marc Rowan, Chief Executive Officer (CEO)
Mr. Rowan is a Co-Founder, CEO, and Chair of the board of Apollo Global Management, Inc.. He co-founded Apollo in 1990 with Leon Black and Josh Harris after working in the mergers and acquisitions department of Drexel Burnham Lambert. He became CEO in 2021. Mr. Rowan was an investor in Beats Electronics, which was acquired by Apple in 2014. He is also involved in public policy and is a funder of the Penn Wharton Budget Model.
Martin Kelly, Chief Financial Officer (CFO)
Mr. Kelly has served as Chief Financial Officer of Apollo Global Management, Inc. since 2012. Prior to joining Apollo, he was a Managing Director, CFO of the Americas, and Global Head of Financial Control for Barclays Capital's Corporate and Investment Bank from 2008 to 2012. He also held senior finance roles at Lehman Brothers from 2000 to 2008 and was a partner at PricewaterhouseCoopers in their Financial Services Group.
James Zelter, President
Mr. Zelter has served as President of Apollo Global Management, Inc. since January 2025 and is a member of the board of directors. He joined Apollo in 2006 and previously served as Co-President of Apollo Asset Management from 2018-2025 and as CIO of Apollo's credit business from 2006-2025. Prior to joining Apollo, Mr. Zelter was Chief Investment Officer of Citigroup Alternative Investments from 2003 to 2005, and before that, he was a high-yield trader at Goldman Sachs.
Scott Kleinman, Co-President, Apollo Asset Management
Mr. Kleinman is an executive officer and Co-President of Apollo Asset Management, Inc., where he co-leads day-to-day operations for all of Apollo's revenue-generating businesses and enterprise solutions. He joined Apollo in 1996 and was named Lead Partner for Private Equity in 2009 before becoming Co-President in 2018. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. He co-founded the Kleinman Center for Energy Policy at the University of Pennsylvania in 2014.
Matt Nord, Partner, Co-Head of Private Equity and Head of Hybrid
Mr. Nord is a Partner, Co-Head of Private Equity and Head of Hybrid at Apollo. He joined Apollo in 2003 and has led numerous investments across the technology, healthcare, and business services sectors. Before joining Apollo, Mr. Nord was a member of the Investment Banking division of Salomon Smith Barney Inc. He was involved in the take-private buyout of Tech Data in 2020.
AI Analysis | Feedback
The key risks to Apollo Global Management's business operations include vulnerabilities within the private credit market, ongoing legal and reputational challenges, and inherent revenue volatility tied to its investment portfolio.
The most significant risk stems from the < strong>private credit market, where Apollo Global Management faces potential challenges. The CEO, Marc Rowan, has specifically highlighted concerns over rising defaults on loans to software firms, predicting a substantial impact on the broader private credit market, partly due to the increasing influence of artificial intelligence on software companies. Furthermore, Apollo's structured-credit division has experienced significant exposure from collapses, such as the Market Financial Solutions event, underscoring vulnerabilities in the sector. The firm's reliance on lender financing practices also introduces multiple layers of leverage, making it difficult to fully assess the risk of underlying loans to private companies. A major economic downturn could trigger widespread defaults across these investments.
Secondly, Apollo Global Management is exposed to significant < strong>legal and reputational risks. The company is currently facing class action lawsuits alleging that it misled investors regarding senior leaders' contacts with Jeffrey Epstein. These lawsuits bring legal and reputational risk to the forefront for both current and prospective shareholders. Overall risk analysis indicates that "Finance & Corporate" and "Legal & Regulatory" are key risk categories for the company.
Finally, < strong>revenue volatility presents a considerable risk to Apollo Global Management. As an alternative asset manager, the firm's revenue can fluctuate significantly, as demonstrated by a substantial miss against analyst expectations in the third quarter of 2025. The Principal Investing segment, in particular, can cause considerable swings in top-line numbers. This volatility is inherently tied to the valuation of Apollo's diverse investment portfolio; if asset values materially diverge from their stated valuations, fund investors could lose confidence, potentially leading to redemptions from managed funds or difficulties in raising new capital.
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The addressable markets for Apollo Global Management's main products and services are substantial, primarily encompassing global private equity, private credit, and professionally managed real estate investments.
For **private equity**, the global market size reached approximately $10.8 trillion in assets under management (AUM) at the end of 2024. In the United States, the private equity AUM was around $3.128 trillion as of September 2024.
The **private credit** market, globally, was estimated to be $3.5 trillion in AUM by the end of 2024. Within the U.S., the private credit market totaled approximately $1.34 trillion by the second quarter of 2024.
In the **professionally managed real estate investment** market, the global size was $12.5 trillion in 2024. The U.S. market for professionally managed real estate was approximately $4.9 trillion in the same year.
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Apollo Global Management (APO) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Growth in Assets Under Management (AUM) and Fee-Related Earnings (FRE) driven by Private Credit and Flagship Fundraises: Apollo anticipates over 20% growth in fee-related earnings for 2026, supported by robust origination activities that exceeded $300 billion in 2025. The firm is actively raising capital for its 11th flagship fund, targeting up to $25 billion with a final close expected in the first quarter of 2027. This focus, particularly on private credit, which Apollo views as a $40 trillion market, is a significant driver of increasing AUM and associated management fees.
- Expansion of Retirement Services (Athene) and Associated Inflows: Apollo's retirement services business, Athene, is a substantial contributor to spread-related earnings (SRE) and provides a stable source of long-term capital. Athene's net invested assets grew by 18% year-over-year in 2025, and Apollo projects approximately $85 billion in inflows for retirement services in 2026. This growth is driven by the increasing global demand for retirement income solutions.
- Broadening Distribution Channels, including Global Wealth and New Geographic Markets: Apollo is strategically expanding its reach to individual investors and entering new markets. The firm generated $18 billion from global wealth fundraising in 2025, representing a nearly 50% year-over-year increase. Management expects more than $5 billion of 2026 inflows to originate from markets the firm was not active in 18 months prior. Strategic partnerships, such as the one with Schroders in February 2026, aim to develop wealth and retirement investment solutions in the UK and US, further diversifying its investor base.
- Strategic Investments and Diversification into High-Growth Alternative Asset Classes: Apollo is actively expanding its footprint into critical sectors such as infrastructure and asset-backed finance, which diversifies its income sources and offers innovative liquidity solutions. Notable strategic acquisitions, including Bridge Investment Group in September 2025 (which nearly doubled its real estate AUM) and Argo Infrastructure Partners in January 2025, are designed to strengthen these platforms and support long-term fee-based revenue growth. Additionally, Apollo has committed or deployed $30 billion towards clean energy and net-zero aligned projects, with an ambitious target of investing $100 billion in energy transition solutions by 2030.
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## Capital Allocation Decisions of Apollo Global Management (APO) ### Share Repurchases Apollo Global Management has consistently engaged in share repurchase programs over the last three to five years. In 2024, the company repurchased over $1.2 billion of common stock, including $501 million in opportunistic buybacks. For the first quarter of 2025, Apollo deployed over $700 million for share repurchases, with $130 million attributed to opportunistic buybacks. Total share repurchases amounted to approximately $1.23 billion in 2024, $820.54 million in 2023, and $775.94 million in 2022. ### Share Issuance A significant share issuance occurred in 2025 when Apollo Global Management acquired Bridge Investment Group Holdings Inc. in an all-stock transaction valued at approximately $1.5 billion. As part of this deal, Bridge stockholders and unitholders received 0.07081 shares of Apollo stock for each of their Bridge Class A common stock or units. Proceeds from a $500 million senior notes offering in August 2025 were partly intended for repayment of debt related to this acquisition, indicating a strategic financing component to the all-stock transaction. ### Inbound Investments Based on available information, there were no significant large-scale third-party equity investments made directly into the public company Apollo Global Management (APO) over the last 3-5 years, as defined by the prompt. While Apollo's various funds attracted substantial "inflows" of capital from institutional and individual investors for management, these represent capital for its managed funds, not direct investments into the corporate entity APO itself. ### Outbound Investments A major strategic outbound investment by Apollo Global Management was the approximately $1.5 billion all-stock acquisition of Bridge Investment Group, an alternative investment manager specializing in real estate. This acquisition, announced in February 2025 and completed in the third quarter of 2025, aimed to significantly expand Apollo's real estate equity platform and enhance its origination capabilities. Additionally, in 2024, Apollo allocated $130 million of strategic capital to fund various investments supporting future growth initiatives within the company. ### Capital Expenditures Apollo Global Management's capital expenditures have been relatively modest, reflecting the nature of its business as an asset manager rather than a capital-intensive industrial entity. The company reported capital expenditures of approximately $64.74 million in 2021 and $202.53 million in 2022. Specific reported actual dollar values for capital expenditures for 2023, 2024, and 2025 are not readily available in the provided sources in a detailed breakdown, though estimates suggest higher figures for future years.Latest Trefis Analyses
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|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
| 10102025 | APO | Apollo Global Management | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -11.1% | 9.8% | -14.5% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 111.12 |
| Mkt Cap | 78.4 |
| Rev LTM | 9,248 |
| Op Inc LTM | 2,103 |
| FCF LTM | 1,966 |
| FCF 3Y Avg | 1,752 |
| CFO LTM | 1,999 |
| CFO 3Y Avg | 1,860 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 17.7% |
| Rev Chg 3Y Avg | 41.0% |
| Rev Chg Q | 10.7% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Inc Chg LTM | 10.7% |
| Op Inc Chg 3Y Avg | 228.0% |
| Op Mgn LTM | 20.8% |
| Op Mgn 3Y Avg | 22.4% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 26.7% |
| CFO/Rev 3Y Avg | 27.6% |
| FCF/Rev LTM | 26.1% |
| FCF/Rev 3Y Avg | 27.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 78.4 |
| P/S | 5.4 |
| P/Op Inc | 25.6 |
| P/EBIT | 12.5 |
| P/E | 35.1 |
| P/CFO | 18.9 |
| Total Yield | 6.4% |
| Dividend Yield | 3.3% |
| FCF Yield 3Y Avg | 3.3% |
| D/E | 0.3 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.8% |
| 3M Rtn | -7.2% |
| 6M Rtn | -10.9% |
| 12M Rtn | -13.4% |
| 3Y Rtn | 88.1% |
| 1M Excs Rtn | -4.0% |
| 3M Excs Rtn | -13.8% |
| 6M Excs Rtn | -20.2% |
| 12M Excs Rtn | -40.4% |
| 3Y Excs Rtn | 3.5% |
Price Behavior
| Market Price | $131.93 | |
| Market Cap ($ Bil) | 78.4 | |
| First Trading Date | 03/30/2011 | |
| Distance from 52W High | -14.5% | |
| 50 Days | 200 Days | |
| DMA Price | $115.87 | $129.20 |
| DMA Trend | down | down |
| Distance from DMA | 13.9% | 2.1% |
| 3M | 1YR | |
| Volatility | 42.8% | 35.4% |
| Downside Capture | 0.70 | 0.80 |
| Upside Capture | 116.51 | 107.78 |
| Correlation (SPY) | 33.7% | 48.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.11 | 0.71 | 1.23 | 1.14 | 1.42 | 1.52 |
| Up Beta | 1.18 | 0.73 | 1.16 | 0.82 | 1.44 | 1.50 |
| Down Beta | -0.83 | 0.63 | 0.48 | 1.00 | 1.46 | 1.82 |
| Up Capture | 113% | 114% | 127% | 132% | 116% | 287% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 24 | 34 | 67 | 132 | 416 |
| Down Capture | 289% | 31% | 162% | 131% | 144% | 108% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 11 | 19 | 30 | 58 | 120 | 337 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APO | |
|---|---|---|---|---|
| APO | 1.1% | 36.3% | 0.10 | - |
| Sector ETF (XLF) | 5.1% | 14.6% | 0.12 | 62.1% |
| Equity (SPY) | 28.3% | 12.5% | 1.80 | 49.4% |
| Gold (GLD) | 41.3% | 26.9% | 1.26 | -7.9% |
| Commodities (DBC) | 47.5% | 18.0% | 2.10 | -2.9% |
| Real Estate (VNQ) | 12.8% | 13.5% | 0.65 | 31.4% |
| Bitcoin (BTCUSD) | -21.0% | 41.7% | -0.46 | 26.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APO | |
|---|---|---|---|---|
| APO | 21.0% | 37.0% | 0.60 | - |
| Sector ETF (XLF) | 8.7% | 18.6% | 0.35 | 67.7% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 68.1% |
| Gold (GLD) | 21.0% | 17.9% | 0.95 | 0.9% |
| Commodities (DBC) | 13.4% | 19.1% | 0.57 | 17.4% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 46.6% |
| Bitcoin (BTCUSD) | 7.2% | 55.9% | 0.34 | 28.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APO | |
|---|---|---|---|---|
| APO | 27.9% | 37.8% | 0.77 | - |
| Sector ETF (XLF) | 12.7% | 22.1% | 0.53 | 64.9% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 66.9% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | -0.8% |
| Commodities (DBC) | 9.7% | 17.7% | 0.46 | 25.5% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 51.0% |
| Bitcoin (BTCUSD) | 68.2% | 66.8% | 1.07 | 17.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -0.6% | ||
| 2/9/2026 | 0.7% | -6.0% | -18.4% |
| 11/4/2025 | 5.3% | 5.6% | 10.8% |
| 8/5/2025 | 2.5% | 0.1% | -6.3% |
| 5/2/2025 | -1.8% | -3.4% | -5.0% |
| 2/4/2025 | -2.7% | -3.0% | -15.7% |
| 11/5/2024 | 7.1% | 19.6% | 25.7% |
| 8/1/2024 | -7.5% | -17.7% | -9.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 9 |
| # Negative | 7 | 7 | 8 |
| Median Positive | 4.0% | 5.4% | 10.8% |
| Median Negative | -2.7% | -4.9% | -11.7% |
| Max Positive | 8.0% | 19.6% | 25.7% |
| Max Negative | -7.5% | -17.7% | -18.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/24/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Chatterjee, Whitney | Chief Legal Officer | Direct | Sell | 12122025 | 146.03 | 8,500 | 1,241,257 | 10,907,288 | Form |
| 2 | Kelly, Martin | Chief Financial Officer | Direct | Sell | 12032025 | 131.41 | 6,000 | 788,434 | 42,786,189 | Form |
| 3 | Black, Leon D | Shares held by spouse. | Sell | 9082025 | 134.03 | 915,000 | 122,637,450 | 606,619,780 | Form | |
| 4 | Kelly, Martin | Chief Financial Officer | Direct | Sell | 8142025 | 145.11 | 15,500 | 2,249,230 | 48,234,962 | Form |
| 5 | Chatterjee, Whitney | Chief Legal Officer | Direct | Sell | 8072025 | 146.03 | 4,500 | 657,149 | 12,148,786 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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