Apollo Global Management (APO)
Market Price (3/8/2026): $108.98 | Market Cap: $64.8 BilSector: Financials | Industry: Asset Management & Custody Banks
Apollo Global Management (APO)
Market Price (3/8/2026): $108.98Market Cap: $64.8 BilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 11% | Weak multi-year price returns2Y Excs Rtn is -30%, 3Y Excs Rtn is -12% | 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 -363% | ||
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 23% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%, CFO LTM is 7.2 Bil, FCF LTM is 7.2 Bil | ||
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% | ||
| Low stock price volatilityVol 12M is 44% | ||
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets, Sustainable Finance, Sustainable Infrastructure, Renewable Energy Transition, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 11% |
| 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 -363% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 23% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%, CFO LTM is 7.2 Bil, FCF LTM is 7.2 Bil |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% |
| Low stock price volatilityVol 12M is 44% |
| 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 -30%, 3Y Excs Rtn is -12% |
| 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. Resurfacing Allegations and Litigation Regarding Jeffrey Epstein Ties.
A significant factor in the stock's decline stems from renewed media reports and a subsequent securities fraud class action lawsuit concerning Apollo's historical business relationships with Jeffrey Epstein. In early February 2026, reports emerged, including one from The Financial Times on February 1, 2026, alleging that CEO Marc Rowan and other top executives had wide-ranging discussions with Epstein on the firm's tax arrangements, contradicting previous company assurances. This news led to Apollo's stock price falling nearly 6% over two trading days. Further reports on February 17 and February 21, 2026, by the Financial Times and CNN detailing Apollo's entanglement with Epstein caused additional stock declines of over 5% and 5.4%, respectively, reflecting persistent reputational and legal risks.
2. Private Credit Market Stress and BDC Dividend Cut.
Investor fears regarding stress in the private credit market intensified on February 27, 2026, contributing to an 8.2% single-day drop in Apollo's stock. This was triggered by news that MidCap Financial Investment Corp. (MFIC), a business development company overseen by Apollo, cut its quarterly dividend from $0.38 to $0.31 per share. MFIC also reported a decline in net asset value from $14.66 per share at September 30, 2025, to $14.18 per share at December 31, 2025, which amplified broader "risk-off sentiment" toward publicly traded alternative asset managers and private-credit exposure.
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Stock Movement Drivers
Fundamental Drivers
The -17.0% change in APO stock from 11/30/2025 to 3/8/2026 was primarily driven by a -30.3% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3082026 | Change |
|---|---|---|---|
| Stock Price ($) | 131.31 | 108.98 | -17.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27,468 | 32,049 | 16.7% |
| Net Income Margin (%) | 15.6% | 10.9% | -30.3% |
| P/E Multiple | 18.0 | 18.6 | 2.9% |
| Shares Outstanding (Mil) | 589 | 594 | -0.9% |
| Cumulative Contribution | -17.0% |
Market Drivers
11/30/2025 to 3/8/2026| Return | Correlation | |
|---|---|---|
| APO | -17.2% | |
| Market (SPY) | -1.6% | 52.3% |
| Sector (XLF) | -5.2% | 66.4% |
Fundamental Drivers
The -19.4% change in APO stock from 8/31/2025 to 3/8/2026 was primarily driven by a -21.2% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3082026 | Change |
|---|---|---|---|
| Stock Price ($) | 135.15 | 108.98 | -19.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25,418 | 32,049 | 26.1% |
| Net Income Margin (%) | 13.3% | 10.9% | -17.8% |
| P/E Multiple | 23.5 | 18.6 | -21.2% |
| Shares Outstanding (Mil) | 587 | 594 | -1.3% |
| Cumulative Contribution | -19.4% |
Market Drivers
8/31/2025 to 3/8/2026| Return | Correlation | |
|---|---|---|
| APO | -19.6% | |
| Market (SPY) | 4.5% | 46.1% |
| Sector (XLF) | -6.0% | 65.6% |
Fundamental Drivers
The -25.9% change in APO stock from 2/28/2025 to 3/8/2026 was primarily driven by a -37.8% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3082026 | Change |
|---|---|---|---|
| Stock Price ($) | 147.02 | 108.98 | -25.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26,114 | 32,049 | 22.7% |
| Net Income Margin (%) | 17.5% | 10.9% | -37.8% |
| P/E Multiple | 18.7 | 18.6 | -1.0% |
| Shares Outstanding (Mil) | 584 | 594 | -1.8% |
| Cumulative Contribution | -25.9% |
Market Drivers
2/28/2025 to 3/8/2026| Return | Correlation | |
|---|---|---|
| APO | -26.1% | |
| Market (SPY) | 14.2% | 73.4% |
| Sector (XLF) | -2.1% | 77.7% |
Fundamental Drivers
The 61.6% change in APO stock from 2/28/2023 to 3/8/2026 was primarily driven by a 337.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282023 | 3082026 | Change |
|---|---|---|---|
| Stock Price ($) | 67.45 | 108.98 | 61.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,322 | 32,049 | 337.7% |
| P/S Multiple | 5.4 | 2.0 | -62.4% |
| Shares Outstanding (Mil) | 584 | 594 | -1.7% |
| Cumulative Contribution | 61.6% |
Market Drivers
2/28/2023 to 3/8/2026| Return | Correlation | |
|---|---|---|
| APO | 61.2% | |
| Market (SPY) | 76.0% | 66.8% |
| Sector (XLF) | 48.0% | 69.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| APO Return | 53% | -10% | 49% | 80% | -11% | -23% | 155% |
| Peers Return | 87% | -29% | 66% | 47% | -1% | -20% | 158% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| APO Win Rate | 67% | 33% | 83% | 75% | 42% | 33% | |
| Peers Win Rate | 73% | 35% | 63% | 72% | 50% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| APO Max Drawdown | -6% | -35% | -11% | -2% | -34% | -27% | |
| Peers Max Drawdown | -5% | -37% | -3% | -6% | -30% | -23% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[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 3/6/2026 (YTD)
How Low Can It Go
| Event | APO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -41.5% | -25.4% |
| % Gain to Breakeven | 70.9% | 34.1% |
| Time to Breakeven | 392 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -54.4% | -33.9% |
| % Gain to Breakeven | 119.1% | 51.3% |
| Time to Breakeven | 74 days | 148 days |
| 2018 Correction | ||
| % Loss | -36.8% | -19.8% |
| % Gain to Breakeven | 58.3% | 24.7% |
| Time to Breakeven | 245 days | 120 days |
Compare to BX, KKR, ARES, CG, BAM
In The Past
Apollo Global Management's stock fell -41.5% during the 2022 Inflation Shock from a high on 10/25/2021. A -41.5% loss requires a 70.9% gain to breakeven.
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About Apollo Global Management (APO)
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1. It's like the **BlackRock or Vanguard for private investments** – managing massive funds for institutions across private equity, private credit, and real estate, rather than public stocks and bonds.
2. Imagine a **Goldman Sachs that specializes exclusively in alternative investments** – buying and lending to private companies, and investing in real estate on behalf of large institutional clients.
AI Analysis | Feedback
- Private Equity Investment Management: Apollo manages funds that invest in and grow private companies across various sectors on behalf of its institutional and high-net-worth clients.
- Credit Investment Management: Apollo provides investment management services for funds focused on various forms of debt, including corporate credit, structured credit, and direct lending strategies.
- Real Assets Investment Management: Apollo manages funds that invest in real estate, infrastructure, and natural resource assets globally.
- Retirement Solutions (via Athene): Through its majority-owned affiliate Athene, Apollo offers retirement savings products such as annuities, leveraging its comprehensive asset management capabilities.
AI Analysis | Feedback
Apollo Global Management (APO) is a global alternative asset manager. Its "customers" are primarily the investors who allocate capital to its various funds and investment strategies. Due to the diversified nature of its investor base and client confidentiality, Apollo does not publicly disclose specific "major customer companies" with their symbols. Instead, its investor base is comprised of a broad range of sophisticated entities and individuals. Therefore, the most appropriate way to describe Apollo's customers is by categorizing the types of investors it serves:Apollo Global Management serves a diverse global investor base, primarily falling into these categories:
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Institutional Investors: This is a cornerstone of Apollo's client base, comprising large entities that allocate significant capital to alternative investments. These include:
- Public and Corporate Pension Funds
- Sovereign Wealth Funds
- University Endowments and Charitable Foundations
- Insurance Companies
- Other large corporate treasuries and institutional asset allocators
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High-Net-Worth Individuals (HNWIs) & Family Offices: This segment includes affluent individuals, multi-generational wealth management entities, and private investment offices that seek access to Apollo's specialized investment strategies.
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Wealth Management Platforms & Intermediaries: Apollo partners with various financial institutions globally, such as private banks, wirehouses, independent wealth advisors, and other financial intermediaries. These platforms distribute Apollo's products to their underlying high-net-worth and ultra-high-net-worth clients, acting as a crucial channel for capital raising.
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Marc Rowan, Chief Executive Officer and Chair of the Board
Marc Rowan co-founded Apollo Global Management in 1990 after working in the mergers and acquisitions division of Drexel Burnham Lambert. He assumed the role of CEO in 2021. Mr. Rowan led Apollo's insurance business, including its subsidiary, Athene Holding. He was an investor in Beats Electronics, which was acquired by Apple for $3 billion in 2014. His career is deeply rooted in private equity, having co-founded one of the largest firms in the U.S.
Martin Kelly, Chief Financial Officer
Martin Kelly has served as Chief Financial Officer of Apollo Global Management since 2012. Before joining Apollo, he was with Barclays Capital from 2008 to 2012, where he held the positions of Managing Director, CFO of the Americas, and Global Head of Financial Control for their Corporate and Investment Bank. Prior to that, Mr. Kelly was with Lehman Brothers Holdings Inc. from 2000 to 2008, and spent 13 years with PricewaterhouseCoopers LLP, becoming a Partner in 1999. He also served as Co-Chief Operating Officer of Apollo from January 2019 through December 2021.
James Zelter, President
James Zelter became President of Apollo Global Management in January 2025. He joined Apollo in 2006 and, prior to his current role, served as Co-President of Apollo Asset Management from 2018 to 2025 and Chief Investment Officer of Apollo's credit business from 2006 to January 2025. Before Apollo, Mr. Zelter was with Citigroup Inc. and its predecessor companies from 1994 to 2006, where his roles included Chief Investment Officer of Citigroup Alternative Investments from 2003 to 2005. He also worked as a High Yield Trader at Goldman, Sachs & Co.
Scott Kleinman, Co-President, Apollo Asset Management
Scott Kleinman joined Apollo in 1996. He was named Lead Partner for Private Equity in 2009 and Co-President in 2018, sharing responsibility for all of Apollo's revenue-generating and investing businesses. Before Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. He also 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
Matt Nord joined Apollo in 2003 and serves as a Partner, Co-Head of Private Equity and Head of Hybrid. He has led numerous investments in the technology, healthcare, and business services sectors. Prior to 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, which concluded in 2020.
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Here are the key risks to Apollo Global Management (APO):- Market Conditions and Investment Performance: Apollo Global Management's financial results are highly sensitive to overall market conditions, including inflation, interest rate fluctuations, and broader economic downturns. The performance of the funds Apollo manages is directly impacted by these factors, and a significant divergence between current and future asset valuations could lead to a loss of investor confidence and difficulties in raising additional capital.
- Competition and Ability to Raise Capital: The alternative investment and insurance sectors in which Apollo operates are highly competitive. This intensifying competition could erode Apollo's market share, put pressure on its fee structures, and challenge its ability to source attractive deals and maintain its growth trajectory in asset accumulation. The company's success relies on its ability to continually raise new funds and secure more capital for existing funds.
- Regulatory and Political Risks, and Risks from Specific Investment Strategies: Apollo faces risks from changes in the regulatory environment and tax status, which could impact its investment strategies and overall business operations. Furthermore, certain specific investment strategies, such as lender financing practices within the private credit space, have been identified as a significant potential risk, with concerns that inadequate regulation could expose investors to major losses. Political changes can also affect the anticipated profitability or viability of the funds' investments.
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Apollo Global Management (APO) operates across several key alternative asset classes and provides retirement services. The addressable markets for its main products and services are substantial and global in nature:
- Alternative Asset Management (Overall): The global alternative assets industry reached $16.8 trillion in assets under management (AUM) at the end of 2023 and is projected to exceed $30 trillion by 2030. Another estimate predicts global alternative assets under management to reach $32 trillion by 2030, encompassing private equity, private credit, infrastructure, real estate, hedge funds, and natural resources.
- Private Equity: The global private equity market reached approximately $5.3 trillion in 2023 and is expected to reach $6 trillion by the end of 2024. North America is the largest private equity market globally, with total assets under management of $3.4 trillion in 2023. Other reports indicate the global private equity market was valued at USD 6,749.85 billion in 2025 and is projected to grow to USD 20,242.70 billion by 2034.
- Credit (including Private Credit): The global private credit market surpassed US$3 trillion in assets under management (AUM) in 2024. More broadly, global credit markets tripled in size since 2018, reaching $81 trillion in 2023. The U.S. private credit market is approximately $1.25 trillion, and globally it is around $2 trillion.
- Real Assets (Real Estate and Infrastructure): Global unlisted infrastructure assets under management are forecast to reach $2.4 trillion in 2029.
- Retirement Services: The global pension funds market size was valued at USD 71.35 trillion in 2024 and is poised to grow to USD 115.52 trillion by 2033. The United States remains the largest pensions market, holding a significant 65% share of global pension assets. The broader retirement and pension planning services market was estimated at USD 25.0 billion globally in 2024 and is projected to reach USD 40.0 billion by 2035.
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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:
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Continued Growth in Assets Under Management (AUM) and Capital Inflows: Apollo anticipates sustained expansion in its Assets Under Management, driven by robust capital formation. The company reported a 25% year-over-year increase in total AUM to $938 billion in 2025, supported by record inflows of $228 billion. Management projects approximately $85 billion in inflows for 2026, which directly contributes to fee-related earnings.
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Expansion of Origination Capabilities, Particularly in Private Credit: Apollo achieved record origination volumes exceeding $300 billion in 2025, with significant contributions from its core credit and origination platforms. The firm is also focused on globalizing its origination efforts, expanding into regions like Europe and Asia Pacific, and developing "ecosystem strategies" such as its new sports financing business, which broadens its lending opportunities.
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Growth of the Athene Retirement Services Business and Perpetual Capital: The synergistic relationship with its retirement services segment, Athene, provides Apollo with a substantial and stable base of "perpetual capital." Athene's net invested assets grew 18% year-over-year to $292 billion in 2025, contributing $83 billion in inflows. This segment is crucial for generating spread-related earnings and offers a consistent pool of capital for deployment.
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Diversification and Expansion into New Market Segments: Apollo is actively broadening its client base beyond traditional institutional investors to include individuals, the global wealth market, and 401(k) plans. Management believes each of these new market segments has the potential to become as significant as their original market. Global Wealth inflows reached a record $18 billion in 2025, demonstrating early success in these diversification efforts.
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Targeted Growth in Fee-Related Earnings (FRE) and Spread-Related Earnings (SRE): Apollo's management has provided clear forward guidance, projecting over 20% growth in fee-related earnings (FRE) for 2026. Additionally, the company anticipates a 10% increase in spread-related earnings (SRE) for 2026, underpinned by continued expansion across its wealth, insurance, and institutional markets. These financial targets underscore the expected growth in the underlying business segments.
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Share Repurchases
- Apollo Global Management authorized a new $4.0 billion share repurchase program in February 2026.
- The company repurchased approximately $1.4 billion of common stock in 2025.
- A $3.0 billion share repurchase program was authorized in February 2024, replacing a prior program.
Share Issuance
- Approximately 10 million shares were issued during the third quarter of 2025 in connection with the acquisition of Bridge Investment Group.
- Apollo-linked equity capital markets (ECM) issuance in early 2025 totaled around $2.41 billion across six deals, including block trades and the IPO of Aspen Insurance.
Outbound Investments
- Acquired Bridge Investment Group for $1.5 billion in February 2025, bolstering its real estate capabilities.
- Completed the $6.3 billion acquisition of IGT's Global Gaming and PlayDigital businesses and Everi Holdings in July 2025.
- Acquired Argo Infrastructure Partners in January 2025 for approximately $6 billion.
Capital Expenditures
- Traditional capital expenditures for Apollo Global Management have been reported as low or $0 in recent fiscal years, including 2024.
- Approximately $180 million to $190 million of strategic capital was allocated in 2025 to fund various investments supporting future growth of the business.
Latest Trefis Analyses
Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | 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% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02202026 | COIN | Coinbase Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.6% | 2.6% | -6.5% |
| 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 | -10.8% | -10.8% | -10.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 100.13 |
| Mkt Cap | 69.5 |
| Rev LTM | 8,489 |
| Op Inc LTM | 1,963 |
| FCF LTM | 2,720 |
| FCF 3Y Avg | 1,803 |
| CFO LTM | 2,756 |
| CFO 3Y Avg | 1,910 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 22.3% |
| Rev Chg 3Y Avg | 23.3% |
| Rev Chg Q | 18.7% |
| QoQ Delta Rev Chg LTM | 4.4% |
| Op Mgn LTM | 20.9% |
| Op Mgn 3Y Avg | 23.3% |
| QoQ Delta Op Mgn LTM | -0.6% |
| CFO/Rev LTM | 27.8% |
| CFO/Rev 3Y Avg | 28.8% |
| FCF/Rev LTM | 27.4% |
| FCF/Rev 3Y Avg | 28.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 69.5 |
| P/S | 5.1 |
| P/EBIT | 10.5 |
| P/E | 30.8 |
| P/CFO | 15.9 |
| Total Yield | 7.2% |
| Dividend Yield | 3.3% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.4 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -15.4% |
| 3M Rtn | -23.8% |
| 6M Rtn | -27.3% |
| 12M Rtn | -18.4% |
| 3Y Rtn | 59.7% |
| 1M Excs Rtn | -14.5% |
| 3M Excs Rtn | -21.0% |
| 6M Excs Rtn | -32.1% |
| 12M Excs Rtn | -38.6% |
| 3Y Excs Rtn | -16.2% |
Price Behavior
| Market Price | $108.70 | |
| Market Cap ($ Bil) | 64.1 | |
| First Trading Date | 03/30/2011 | |
| Distance from 52W High | -29.5% | |
| 50 Days | 200 Days | |
| DMA Price | $131.56 | $134.18 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -17.4% | -19.0% |
| 3M | 1YR | |
| Volatility | 41.1% | 43.7% |
| Downside Capture | 238.65 | 182.59 |
| Upside Capture | 117.75 | 133.88 |
| Correlation (SPY) | 51.3% | 72.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.68 | 2.19 | 2.04 | 1.53 | 1.68 | 1.61 |
| Up Beta | 3.33 | 3.11 | 2.47 | 1.54 | 1.62 | 1.56 |
| Down Beta | 1.27 | 1.76 | 1.97 | 1.57 | 1.90 | 1.92 |
| Up Capture | 159% | 71% | 124% | 99% | 150% | 304% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 20 | 31 | 65 | 130 | 414 |
| Down Capture | 399% | 319% | 243% | 175% | 142% | 109% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 21 | 30 | 59 | 121 | 338 |
[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 | -21.5% | 43.9% | -0.43 | - |
| Sector ETF (XLF) | 1.8% | 19.4% | -0.03 | 77.5% |
| Equity (SPY) | 16.4% | 19.2% | 0.66 | 73.0% |
| Gold (GLD) | 77.1% | 26.1% | 2.17 | -4.6% |
| Commodities (DBC) | 19.6% | 17.1% | 0.89 | 23.9% |
| Real Estate (VNQ) | 3.1% | 16.6% | 0.01 | 53.6% |
| Bitcoin (BTCUSD) | -24.9% | 45.6% | -0.49 | 33.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APO | |
|---|---|---|---|---|
| APO | 19.1% | 36.7% | 0.57 | - |
| Sector ETF (XLF) | 10.5% | 18.7% | 0.44 | 67.0% |
| Equity (SPY) | 13.0% | 17.0% | 0.60 | 68.3% |
| Gold (GLD) | 24.2% | 17.2% | 1.14 | 0.3% |
| Commodities (DBC) | 11.9% | 19.0% | 0.51 | 18.7% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 46.7% |
| Bitcoin (BTCUSD) | 6.5% | 56.8% | 0.34 | 28.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APO | |
|---|---|---|---|---|
| APO | 27.0% | 37.6% | 0.75 | - |
| Sector ETF (XLF) | 13.4% | 22.2% | 0.56 | 65.1% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 67.3% |
| Gold (GLD) | 15.1% | 15.6% | 0.80 | -1.1% |
| Commodities (DBC) | 9.0% | 17.6% | 0.43 | 26.4% |
| Real Estate (VNQ) | 6.1% | 20.7% | 0.26 | 51.3% |
| Bitcoin (BTCUSD) | 65.9% | 66.8% | 1.05 | 16.9% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/9/2026 | 0.7% | -6.0% | |
| 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% |
| 5/2/2024 | 4.0% | 5.1% | 8.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 9 |
| # Negative | 6 | 7 | 7 |
| Median Positive | 4.0% | 5.4% | 10.8% |
| Median Negative | -4.2% | -4.9% | -9.2% |
| Max Positive | 8.0% | 19.6% | 25.7% |
| Max Negative | -7.5% | -17.7% | -18.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 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 |
| 03/31/2022 | 05/10/2022 | 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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