Apollo Global Management (APO) Financials

$133.08 +2.21 (+1.69%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$132.68 -0.41 (-0.30%)

As of 04:30 AM Eastern

Annual Income Statements for Apollo Global Management

This table shows Apollo Global Management's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Net Income / (Loss) Attributable to Common Shareholders	4,480	5,001	-1,961	1,802	120
Consolidated Net Income / (Loss)	6,373	6,509	-3,507	4,267	467
Net Income / (Loss) Continuing Operations	6,373	6,509	-3,507	5,019	416
Total Pre-Tax Income	7,435	5,586	-4,246	4,861	553
Total Operating Income	7,132	5,313	-4,943	6,848	908
Total Gross Profit	23,506	29,922	9,025	8,237	1,265
Total Revenue	26,114	32,644	10,968	11,730	2,354
Operating Revenue	26,114	32,644	10,968	11,730	2,354
Total Cost of Revenue	2,608	2,722	1,943	3,493	1,089
Operating Cost of Revenue	2,608	2,722	1,943	3,493	1,089
Total Operating Expenses	16,374	24,609	13,968	1,389	357
Selling, General & Admin Expense	1,170	872	682	482	357
Other Operating Expenses / (Income)	15,204	23,737	13,286	907	0.00
Total Other Income / (Expense), net	303	273	697	-1,235	-406
Other Income / (Expense), net	303	273	697	-1,235	36
Income Tax Expense	1,062	-923	-739	594	86
Preferred Stock Dividends Declared	97	46	0.00	37	37
Net Income / (Loss) Attributable to Noncontrolling Interest	1,796	1,462	-1,546	2,428	310
Basic Earnings per Share	$7.39	$8.32	($3.43)	$7.32	$0.44
Weighted Average Basic Shares Outstanding	586.07M	581.38M	584.69M	236.57M	227.53M
Diluted Earnings per Share	$7.33	$8.28	($3.43)	$7.32	$0.44
Weighted Average Diluted Shares Outstanding	604.04M	588.85M	584.69M	236.57M	227.53M
Weighted Average Basic & Diluted Shares Outstanding	570.48M	568.16M	570.65M	-	-
Cash Dividends to Common per Share	$1.81	$1.69	$1.60	$2.10	$2.31

This table shows Apollo Global Management's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	442	1,438	787	828	1,427	2,732	660	599	1,010	640	-563
Consolidated Net Income / (Loss)	938	1,662	1,769	1,177	1,765	3,581	640	750	1,538	1,007	-849
Net Income / (Loss) Continuing Operations	938	358	2,321	1,543	2,151	2,814	808	1,097	1,790	714	-882
Total Pre-Tax Income	1,181	1,724	2,086	1,438	2,187	1,961	883	951	1,791	1,230	-945
Total Operating Income	1,206	2,330	2,568	1,630	604	593	3,386	559	775	-8,090	1,757
Total Gross Profit	4,803	5,340	7,779	5,610	4,777	9,794	3,606	12,874	3,648	2,130	5,361
Total Revenue	5,548	6,072	8,384	6,214	5,444	10,773	4,163	13,390	4,318	1,194	5,747
Operating Revenue	5,548	6,072	8,384	6,214	5,444	10,773	4,163	13,390	4,318	1,194	5,747
Total Cost of Revenue	745	732	605	604	667	979	557	516	670	-936	386
Operating Cost of Revenue	745	732	605	604	667	979	557	516	670	-936	386
Total Operating Expenses	3,597	3,010	5,211	3,980	4,173	9,201	220	12,315	2,873	6,814	3,604
Selling, General & Admin Expense	308	285	326	319	240	229	220	226	197	358	167
Other Operating Expenses / (Income)	3,289	2,725	4,885	3,661	3,933	8,972	0.00	12,089	2,676	9,862	3,437
Total Other Income / (Expense), net	-25	-1,910	70	174	1,969	601	-2,335	739	1,268	9,027	-2,735
Interest & Investment Income	211	-	-	150	2,071	-	-2,357	691	1,296	-	-2,699
Other Income / (Expense), net	-236	235	70	24	-26	171	22	48	32	648	28
Income Tax Expense	243	62	317	261	422	-1,620	243	201	253	223	-96
Preferred Stock Dividends Declared	24	24	24	25	24	24	22	0.00	0.00	-	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	496	176	958	324	338	825	-42	151	528	367	-286
Basic Earnings per Share	$0.68	$2.42	$1.30	$1.36	$2.31	$4.55	$1.10	$1.00	$1.67	$1.07	($0.98)
Weighted Average Basic Shares Outstanding	587.26M	586.07M	585.38M	587.10M	588.12M	581.38M	578.80M	578.98M	584.12M	584.69M	584.32M
Diluted Earnings per Share	$0.68	$2.41	$1.29	$1.35	$2.28	$4.52	$1.10	$1.00	$1.66	$1.07	($0.98)
Weighted Average Diluted Shares Outstanding	592.98M	604.04M	588.54M	590.17M	605.38M	588.85M	578.80M	578.98M	584.24M	584.69M	584.32M
Weighted Average Basic & Diluted Shares Outstanding	571.49M	570.48M	565.82M	569.53M	569.00M	568.16M	567.56M	566.81M	567.40M	570.65M	572.28M
Cash Dividends to Common per Share	$0.46	-	$0.46	-	$0.43	-	$0.43	-	$0.40	-	-

This table details how cash moves in and out of Apollo Global Management's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Net Change in Cash & Equivalents	5,379	12,495	14,995	4,156	2,929
Net Cash From Operating Activities	3,253	6,322	3,789	1,064	-1,616
Net Cash From Continuing Operating Activities	3,253	6,322	3,789	1,064	-1,616
Net Income / (Loss) Continuing Operations	6,373	6,509	-3,507	4,267	467
Consolidated Net Income / (Loss)	6,373	6,509	-3,507	4,267	467
Depreciation Expense	1,075	803	529	27	19
Amortization Expense	-123	81	285	0.00	0.00
Non-Cash Adjustments To Reconcile Net Income	6,567	6,725	7,466	-1,555	2,913
Changes in Operating Assets and Liabilities, net	-10,639	-7,796	-984	-1,675	-5,015
Net Cash From Investing Activities	-61,801	-42,407	-23,444	-1,552	-838
Net Cash From Continuing Investing Activities	-55,843	-36,475	-17,489	1,982	1,245
Purchase of Investments	-91,868	-50,718	-54,931	-5,515	-2,658
Divestitures	0.00	0.00	10,420	0.00	49
Sale and/or Maturity of Investments	65,384	34,984	40,250	7,566	3,906
Other Investing Activities, net	-29,359	-20,741	-13,228	-69	-52
Net Cash From Financing Activities	57,972	42,638	28,710	109	3,300
Net Cash From Continuing Financing Activities	57,972	42,638	28,710	1,110	3,300
Repayment of Debt	-25,166	-17,648	-12,018	-2,155	-1,082
Repurchase of Preferred Equity	0.00	-575	0.00	0.00	-
Repurchase of Common Equity	-890	-561	-635	-299	-92
Payment of Dividends	-2,488	-2,872	-2,788	-1,051	-1,442
Issuance of Debt	7,945	4,912	5,745	1,334	4,300
Issuance of Preferred Equity	0.00	1,398	0.00	0.00	-
Issuance of Common Equity	3,132	2,863	4,816	3,281	843
Other Financing Activities, net	75,439	55,121	33,590	0.00	773
Effect of Exchange Rate Changes	-3.00	10	-15	-	0.00
Cash Interest Paid	805	720	566	556	307
Cash Income Taxes Paid	1,048	358	1,007	121	37

This table details how cash moves in and out of Apollo Global Management's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	530	371	1,302	685	3,021	5,063	1,104	-2,697	9,025	-1,138	-1,713
Net Cash From Operating Activities	1,012	-4.00	1,854	1,333	70	2,064	-364	3,551	1,071	1,465	2,344
Net Cash From Continuing Operating Activities	1,012	-4.00	1,854	1,333	70	2,064	-364	3,551	1,071	1,465	2,344
Net Income / (Loss) Continuing Operations	938	1,662	1,769	1,177	1,765	3,581	640	750	1,538	1,007	-849
Consolidated Net Income / (Loss)	938	1,662	1,769	1,177	1,765	3,581	640	750	1,538	1,007	-849
Depreciation Expense	308	296	281	260	238	217	241	180	165	153	149
Amortization Expense	-42	-76	-20	-22	-5.00	11	22	18	30	51	79
Non-Cash Adjustments To Reconcile Net Income	2,072	562	2,195	3,048	762	2,079	1,981	951	1,714	1,150	1,709
Changes in Operating Assets and Liabilities, net	-2,264	-2,448	-2,371	-3,130	-2,690	-3,824	-3,248	1,652	-2,376	-896	1,256
Net Cash From Investing Activities	-16,888	-16,250	-14,466	-14,700	-16,385	-14,688	-10,211	-11,868	-5,640	-11,273	-11,353
Net Cash From Continuing Investing Activities	-14,759	-15,364	-12,808	-12,282	-15,389	-12,889	-8,750	-11,264	-3,572	-10,285	-11,810
Purchase of Investments	-27,753	-20,668	-27,808	-22,825	-20,567	-15,478	-11,451	-14,291	-9,498	-12,382	-15,632
Sale and/or Maturity of Investments	21,105	15,223	21,910	17,654	10,597	9,286	8,360	8,941	8,397	6,000	5,315
Other Investing Activities, net	-8,111	-9,919	-6,910	-7,111	-5,419	-6,697	-5,659	-5,914	-2,471	-3,903	-1,493
Net Cash From Financing Activities	14,274	15,745	12,251	11,634	18,342	15,880	10,221	5,014	11,523	7,697	7,733
Net Cash From Continuing Financing Activities	14,274	15,745	12,251	11,634	18,342	15,880	10,221	5,014	11,523	7,697	7,733
Repayment of Debt	-6,829	-3,899	-5,733	-9,482	-6,052	-3,934	-4,130	-4,674	-4,910	-5,013	-2,165
Repurchase of Common Equity	-193	-102	-453	-75	-260	-26	-	-77	-458	-172	-26
Payment of Dividends	-512	-741	-498	-661	-588	-725	-581	-1,142	-424	-256	-351
Issuance of Debt	294	1,821	472	2,825	2,827	1,091	1,404	1,214	1,203	1,994	-
Issuance of Common Equity	607	656	476	999	1,001	1,097	1,041	108	617	861	-131
Other Financing Activities, net	20,907	18,010	17,987	18,028	21,414	18,376	11,665	9,585	15,495	10,283	10,406
Effect of Exchange Rate Changes	3.00	-6.00	5.00	-	-2.00	8.00	-3.00	2.00	3.00	-	-
Cash Interest Paid	321	194	264	180	167	187	188	176	169	134	118
Cash Income Taxes Paid	310	409	92	209	338	196	28	99	35	245	435

This table presents Apollo Global Management's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Total Assets	377,895	313,488	257,217	30,502
Total Current Assets	18,437	18,300	13,111	1,625
Cash & Equivalents	16,907	16,088	9,924	917
Restricted Cash	946	1,763	2,722	708
Accounts Receivable	584	449	465	-
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00
Total Noncurrent Assets	360,199	295,348	245,624	28,414
Goodwill	4,327	4,329	4,322	117
Other Noncurrent Operating Assets	355,872	291,019	241,302	28,297
Total Liabilities & Shareholders' Equity	377,895	313,488	257,217	30,502
Total Liabilities	346,915	288,243	241,819	18,538
Total Current Liabilities	3,616	3,338	2,975	2,847
Accounts Payable	3,616	3,338	2,975	2,847
Total Noncurrent Liabilities	343,299	284,905	238,852	15,691
Long-Term Debt	10,588	8,092	6,522	5,745
Other Noncurrent Operating Liabilities	332,711	276,813	232,330	9,946
Commitments & Contingencies	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	16	12	1,032	1,770
Total Equity & Noncontrolling Interests	30,964	25,233	14,366	10,194
Total Preferred & Common Equity	17,253	14,044	6,640	3,789
Preferred Stock	1,398	1,398	0.00	554
Total Common Equity	15,855	12,646	6,640	3,235
Common Stock	15,327	15,249	14,982	2,096
Retained Earnings	6,022	2,972	-1,007	1,144
Accumulated Other Comprehensive Income / (Loss)	-5,494	-5,575	-7,335	-5.00
Noncontrolling Interest	13,711	11,189	7,726	6,405

This table presents Apollo Global Management's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	395,045	377,895	368,689	346,504	334,051	313,488	283,235	281,984	270,324	257,217	250,340
Total Current Assets	16,553	18,437	18,606	19,492	20,573	18,300	15,796	15,346	17,308	13,111	12,663
Cash & Equivalents	13,706	16,907	17,067	17,918	18,555	16,088	13,524	12,070	15,099	9,924	10,942
Restricted Cash	2,213	946	967	1,095	1,577	1,763	1,764	2,773	2,209	2,722	1,721
Accounts Receivable	634	584	572	479	441	449	508	503	-	465	-
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	378,898	360,199	350,490	328,042	313,894	295,348	268,300	266,697	252,239	245,624	242,166
Goodwill	4,331	4,327	4,335	4,328	4,328	4,329	4,324	4,329	4,325	4,322	4,322
Other Noncurrent Operating Assets	374,567	355,872	346,155	323,714	309,566	291,019	263,976	262,368	221,150	241,302	214,710
Total Liabilities & Shareholders' Equity	395,045	377,895	368,689	346,504	334,051	313,488	283,235	281,984	270,324	257,217	250,340
Total Liabilities	362,701	346,915	337,148	318,090	307,035	288,243	265,273	264,657	252,590	241,819	247,454
Total Current Liabilities	3,773	3,616	3,908	3,638	3,425	3,338	3,657	3,286	3,189	2,975	3,032
Accounts Payable	3,773	3,616	3,908	3,638	3,425	3,338	3,657	3,286	3,189	2,975	3,032
Total Noncurrent Liabilities	358,928	343,299	333,240	313,698	302,785	284,905	261,616	262,263	249,401	238,852	244,422
Long-Term Debt	10,581	10,588	9,807	9,815	9,596	8,092	7,037	6,722	6,507	6,522	6,131
Other Noncurrent Operating Liabilities	348,347	332,711	323,433	303,883	293,189	276,813	254,579	255,541	242,894	232,330	238,291
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	16	15	14	13	12	287	285	1,042	1,032	1,024
Total Equity & Noncontrolling Interests	32,344	30,964	31,526	28,400	27,003	25,233	17,675	17,042	16,692	14,366	1,862
Total Preferred & Common Equity	17,976	17,253	17,863	15,273	14,787	14,044	8,442	8,229	8,074	6,640	-1,339
Preferred Stock	1,398	1,398	1,398	1,398	1,398	1,398	1,397	-	-	0.00	0.00
Total Common Equity	16,578	15,855	16,465	13,875	13,389	12,646	7,045	8,229	8,074	6,640	-1,339
Common Stock	15,527	15,327	15,073	15,319	15,167	15,249	14,605	14,468	14,408	14,982	15,256
Retained Earnings	5,634	6,022	4,865	4,376	3,862	2,972	535	153	-172	-1,007	-2,837
Accumulated Other Comprehensive Income / (Loss)	-4,583	-5,494	-3,473	-5,820	-5,640	-5,575	-8,095	-6,392	-6,162	-7,335	-13,758
Noncontrolling Interest	14,368	13,711	13,663	13,127	12,216	11,189	9,233	8,813	8,618	7,726	3,201

This table displays calculated financial ratios and metrics derived from Apollo Global Management's official financial filings.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Growth Metrics	-	-	-	-	-
Revenue Growth	-20.00%	197.63%	-6.50%	398.30%	0.00%
EBITDA Growth	29.63%	288.52%	-160.85%	485.67%	0.00%
EBIT Growth	33.10%	231.56%	-175.65%	494.60%	0.00%
NOPAT Growth	-1.25%	278.92%	-157.56%	683.94%	0.00%
Net Income Growth	-2.09%	285.60%	-182.19%	813.70%	0.00%
EPS Growth	-11.47%	341.40%	-146.86%	1,563.64%	0.00%
Operating Cash Flow Growth	-48.54%	66.85%	256.11%	165.84%	0.00%
Free Cash Flow Firm Growth	-302.93%	-3.49%	114.33%	0.00%	0.00%
Invested Capital Growth	56.31%	45.09%	-30.96%	0.00%	0.00%
Revenue Q/Q Growth	-15.63%	37.60%	-32.17%	0.00%	0.00%
EBITDA Q/Q Growth	24.45%	495.48%	-146.68%	0.00%	0.00%
EBIT Q/Q Growth	28.66%	323.80%	-163.04%	0.00%	0.00%
NOPAT Q/Q Growth	-0.37%	395.26%	-167.50%	0.00%	0.00%
Net Income Q/Q Growth	-23.14%	65.41%	10.12%	0.00%	0.00%
EPS Q/Q Growth	-22.35%	71.43%	7.30%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-38.86%	10.47%	202.88%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	61.55%	103.80%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	3.10%	47.99%	148.38%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-
Gross Margin	90.01%	91.66%	82.28%	70.22%	53.74%
EBITDA Margin	32.12%	19.82%	-31.29%	48.08%	40.91%
Operating Margin	27.31%	16.28%	-45.07%	58.38%	38.57%
EBIT Margin	28.47%	17.11%	-38.71%	47.85%	40.10%
Profit (Net Income) Margin	24.40%	19.94%	-31.97%	36.38%	19.84%
Tax Burden Percent	85.72%	116.52%	82.60%	87.78%	84.45%
Interest Burden Percent	100.00%	100.00%	100.00%	86.60%	58.58%
Effective Tax Rate	14.28%	-16.52%	0.00%	12.22%	15.55%
Return on Invested Capital (ROIC)	30.49%	46.85%	-26.21%	76.96%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	27.27%	42.37%	-16.41%	-18.43%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-7.82%	-14.82%	0.57%	-5.63%	0.00%
Return on Equity (ROE)	22.67%	32.03%	-25.63%	71.33%	0.00%
Cash Return on Invested Capital (CROIC)	-13.45%	10.06%	10.43%	-123.04%	0.00%
Operating Return on Assets (OROA)	2.15%	1.96%	-2.95%	18.40%	0.00%
Return on Assets (ROA)	1.84%	2.28%	-2.44%	13.99%	0.00%
Return on Common Equity (ROCE)	11.49%	15.20%	-9.25%	19.29%	0.00%
Return on Equity Simple (ROE_SIMPLE)	36.94%	46.35%	-52.82%	112.62%	0.00%
Net Operating Profit after Tax (NOPAT)	6,113	6,191	-3,460	6,011	767
NOPAT Margin	23.41%	18.96%	-31.55%	51.25%	32.57%
Net Nonoperating Expense Percent (NNEP)	3.22%	4.48%	-9.80%	95.39%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	14.71%	18.58%	-16.57%	-	-
Cost of Revenue to Revenue	9.99%	8.34%	17.72%	29.78%	46.26%
SG&A Expenses to Revenue	4.48%	2.67%	6.22%	4.11%	15.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	62.70%	75.39%	127.35%	11.84%	15.17%
Earnings before Interest and Taxes (EBIT)	7,435	5,586	-4,246	5,613	944
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8,387	6,470	-3,432	5,640	963
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	5.88	4.11	5.28	0.00	0.00
Price to Tangible Book Value (P/TBV)	8.08	6.25	15.13	0.00	0.00
Price to Revenue (P/Rev)	3.57	1.59	3.20	0.00	0.00
Price to Earnings (P/E)	20.80	10.39	0.00	0.00	0.00
Dividend Yield	1.10%	1.85%	2.61%	3.08%	5.19%
Earnings Yield	4.81%	9.62%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.13	3.50	3.50	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.87	1.68	3.44	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	12.05	8.47	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	13.59	9.81	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	16.53	8.85	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	31.06	8.67	9.95	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	41.24	27.38	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.34	0.32	0.42	0.48	0.00
Long-Term Debt to Equity	0.34	0.32	0.42	0.48	0.00
Financial Leverage	-0.29	-0.35	-0.04	0.31	0.00
Leverage Ratio	12.30	14.04	10.52	2.55	0.00
Compound Leverage Factor	12.30	14.04	10.52	2.21	0.00
Debt to Total Capital	25.47%	24.27%	29.75%	32.44%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.47%	24.27%	29.75%	32.44%	0.00%
Preferred Equity to Total Capital	3.36%	4.19%	0.00%	3.13%	0.00%
Noncontrolling Interests to Total Capital	33.02%	33.60%	39.95%	46.16%	0.00%
Common Equity to Total Capital	38.14%	37.93%	30.29%	18.27%	0.00%
Debt to EBITDA	1.26	1.25	-1.90	1.02	0.00
Net Debt to EBITDA	-0.87	-1.51	1.78	0.73	0.00
Long-Term Debt to EBITDA	1.26	1.25	-1.90	1.02	0.00
Debt to NOPAT	1.73	1.31	-1.88	0.96	0.00
Net Debt to NOPAT	-1.19	-1.58	1.77	0.69	0.00
Long-Term Debt to NOPAT	1.73	1.31	-1.88	0.96	0.00
Altman Z-Score	0.36	0.34	0.12	0.00	0.00
Noncontrolling Interest Sharing Ratio	49.31%	52.55%	63.91%	72.96%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	5.10	5.48	4.41	0.57	0.00
Quick Ratio	4.84	4.95	3.49	0.32	0.00
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,697	1,329	1,377	-9,610	0.00
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	-4.24
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-4.24
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.08	0.11	0.08	0.38	0.00
Accounts Receivable Turnover	50.56	71.43	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.75	0.86	0.67	1.23	0.00
Days Sales Outstanding (DSO)	7.22	5.11	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	486.62	423.26	546.84	297.50	0.00
Cash Conversion Cycle (CCC)	-479.40	-418.15	-546.84	-297.50	0.00
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	24,456	15,646	10,784	15,621	0.00
Invested Capital Turnover	1.30	2.47	0.83	1.50	0.00
Increase / (Decrease) in Invested Capital	8,810	4,862	-4,837	15,621	0.00
Enterprise Value (EV)	101,045	54,805	37,698	0.00	0.00
Market Capitalization	93,185	51,965	35,064	0.00	0.00
Book Value per Share	$28.02	$22.28	$11.60	$13.67	$0.00
Tangible Book Value per Share	$20.37	$14.65	$4.05	$13.18	$0.00
Total Capital	41,568	33,337	21,920	17,709	0.00
Total Debt	10,588	8,092	6,522	5,745	0.00
Total Long-Term Debt	10,588	8,092	6,522	5,745	0.00
Net Debt	-7,265	-9,759	-6,124	4,120	0.00
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,032	-2,889	-2,510	-2,847	0.00
Debt-free Net Working Capital (DFNWC)	14,821	14,962	10,136	-1,222	0.00
Net Working Capital (NWC)	14,821	14,962	10,136	-1,222	0.00
Net Nonoperating Expense (NNE)	-260	-318	47	1,744	300
Net Nonoperating Obligations (NNO)	-6,524	-9,599	-4,614	3,657	0.00
Total Depreciation and Amortization (D&A)	952	884	814	27	19
Debt-free, Cash-free Net Working Capital to Revenue	-11.61%	-8.85%	-22.88%	-24.27%	0.00%
Debt-free Net Working Capital to Revenue	56.76%	45.83%	92.41%	-10.42%	0.00%
Net Working Capital to Revenue	56.76%	45.83%	92.41%	-10.42%	0.00%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.39	$8.32	($5.57)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	586.07M	581.38M	584.69M	0.00	0.00
Adjusted Diluted Earnings per Share	$7.33	$8.28	($5.57)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	604.04M	588.85M	584.69M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	570.48M	568.16M	570.65M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	6,113	3,719	-3,460	6,011	767
Normalized NOPAT Margin	23.41%	11.39%	-31.55%	51.25%	32.57%
Pre Tax Income Margin	28.47%	17.11%	-38.71%	41.44%	23.49%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	2.48
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	2.01
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	2.48
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	2.01
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	39.04%	44.12%	-79.50%	24.63%	308.78%
Augmented Payout Ratio	53.00%	52.74%	-97.60%	31.64%	328.48%

This table displays calculated financial ratios and metrics derived from Apollo Global Management's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-21.19%	-43.64%	101.39%	-53.59%	26.08%	802.26%	-27.56%	232.51%	0.00%	-81.33%	433.12%
EBITDA Growth	-48.39%	180.75%	-21.03%	135.03%	-19.06%	113.71%	82.36%	-74.65%	172.45%	-304.12%	338.56%
EBIT Growth	-55.13%	235.73%	-22.59%	172.49%	-28.38%	110.27%	90.92%	-79.58%	151.66%	-310.29%	294.91%
NOPAT Growth	-44.77%	107.43%	-11.26%	202.63%	-26.76%	116.35%	99.54%	-78.67%	160.87%	-283.48%	206.83%
Net Income Growth	-46.86%	-53.59%	176.41%	56.93%	14.76%	255.61%	175.38%	128.78%	245.23%	64.54%	-234.55%
EPS Growth	-70.18%	-46.68%	17.27%	35.00%	37.35%	322.43%	212.24%	135.46%	337.14%	33.75%	-197.03%
Operating Cash Flow Growth	1,345.71%	-100.19%	609.34%	-62.46%	-93.46%	40.89%	-115.53%	-10.62%	126.82%	236.53%	124.52%
Free Cash Flow Firm Growth	76.14%	-73.69%	63.92%	94.74%	-381.97%	-111.56%	-229.28%	-202.81%	98.54%	0.00%	0.00%
Invested Capital Growth	54.69%	56.31%	124.38%	150.81%	185.99%	45.09%	147.43%	104.05%	-162.42%	-30.96%	0.00%
Revenue Q/Q Growth	-8.63%	-27.58%	34.92%	14.14%	-46.12%	158.78%	-68.91%	210.10%	133.03%	-79.22%	42.71%
EBITDA Q/Q Growth	-55.62%	-3.93%	53.22%	133.29%	-36.09%	-72.98%	356.02%	-19.66%	114.08%	-459.56%	-36.62%
EBIT Q/Q Growth	-62.18%	-2.77%	59.49%	186.16%	-44.48%	-77.58%	461.45%	-24.78%	111.03%	-516.92%	-39.96%
NOPAT Q/Q Growth	-57.36%	3.14%	63.23%	173.70%	-73.49%	-55.88%	456.69%	-33.76%	111.13%	-638.52%	-40.48%
Net Income Q/Q Growth	-43.56%	-6.05%	50.30%	-33.31%	-50.71%	459.53%	-14.67%	-51.24%	52.73%	218.61%	67.42%
EPS Q/Q Growth	-71.78%	86.82%	-4.44%	-40.79%	-49.56%	310.91%	10.00%	-39.76%	55.14%	209.18%	65.25%
Operating Cash Flow Q/Q Growth	25,400.00%	-100.22%	39.08%	1,804.29%	-96.61%	667.03%	-110.25%	231.56%	-26.89%	-37.50%	-41.00%
Free Cash Flow Firm Q/Q Growth	-33.05%	40.17%	2.85%	70.16%	-1,151.74%	87.57%	85.84%	-1,699.63%	1,271.86%	-107.59%	-88.74%
Invested Capital Q/Q Growth	12.09%	3.10%	12.96%	18.50%	13.26%	47.99%	26.26%	140.63%	-291.10%	148.38%	89.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	86.57%	87.94%	92.78%	90.28%	87.75%	90.91%	86.62%	96.15%	84.48%	178.39%	93.28%
EBITDA Margin	22.28%	45.87%	34.58%	30.45%	14.90%	9.21%	88.18%	6.01%	23.21%	-606.20%	35.03%
Operating Margin	21.74%	38.37%	30.63%	26.23%	11.09%	5.50%	81.34%	4.17%	17.95%	-677.55%	30.57%
EBIT Margin	17.48%	42.24%	31.46%	26.62%	10.62%	7.09%	81.86%	4.53%	18.69%	-623.28%	31.06%
Profit (Net Income) Margin	16.91%	27.37%	21.10%	18.94%	32.42%	33.24%	15.37%	5.60%	35.62%	84.34%	-14.77%
Tax Burden Percent	79.42%	96.40%	84.80%	81.85%	80.70%	182.61%	72.48%	78.86%	85.87%	81.87%	89.84%
Interest Burden Percent	121.75%	67.21%	79.08%	86.94%	378.37%	256.68%	25.91%	156.67%	221.93%	-16.53%	-52.94%
Effective Tax Rate	20.58%	3.60%	15.20%	18.15%	19.30%	-82.61%	27.52%	21.14%	14.13%	18.13%	0.00%
Return on Invested Capital (ROIC)	18.84%	48.18%	46.89%	39.08%	0.00%	24.83%	0.00%	0.00%	0.00%	-460.83%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	19.12%	55.43%	52.26%	41.00%	0.00%	-10.32%	0.00%	0.00%	0.00%	-2,055.45%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-4.58%	-15.89%	-16.06%	-14.67%	0.00%	3.61%	0.00%	0.00%	0.00%	71.89%	0.00%
Return on Equity (ROE)	14.26%	32.29%	30.83%	24.41%	30.11%	28.44%	37.75%	19.19%	-4.79%	-388.94%	-135.20%
Cash Return on Invested Capital (CROIC)	-19.29%	-13.45%	-40.90%	-37.01%	-181.83%	10.06%	-330.68%	-2,609.89%	0.00%	10.43%	0.00%
Operating Return on Assets (OROA)	1.18%	3.19%	2.99%	2.26%	1.19%	0.81%	7.28%	0.43%	1.12%	-47.52%	2.01%
Return on Assets (ROA)	1.14%	2.07%	2.00%	1.61%	3.64%	3.80%	1.37%	0.54%	2.14%	6.43%	-0.95%
Return on Common Equity (ROCE)	7.20%	16.37%	14.64%	11.79%	14.44%	13.50%	10.33%	8.97%	-2.40%	-140.37%	62.73%
Return on Equity Simple (ROE_SIMPLE)	30.85%	0.00%	46.42%	46.90%	45.55%	0.00%	46.61%	29.72%	-11.27%	0.00%	291.41%
Net Operating Profit after Tax (NOPAT)	958	2,246	2,178	1,334	487	1,083	2,454	441	666	-6,623	1,230
NOPAT Margin	17.26%	36.99%	25.98%	21.47%	8.95%	10.05%	58.95%	3.29%	15.41%	-554.71%	21.40%
Net Nonoperating Expense Percent (NNEP)	-0.28%	-7.25%	-5.37%	-1.92%	5.36%	35.15%	-11.14%	0.28%	2.63%	1,594.62%	-16.51%
Return On Investment Capital (ROIC_SIMPLE)	2.23%	5.41%	-	-	-	3.25%	-	-	-	-31.71%	-
Cost of Revenue to Revenue	13.43%	12.06%	7.22%	9.72%	12.25%	9.09%	13.38%	3.85%	15.52%	-78.39%	6.72%
SG&A Expenses to Revenue	5.55%	4.69%	3.89%	5.13%	4.41%	2.13%	5.28%	1.69%	4.56%	29.98%	2.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	64.83%	49.57%	62.15%	64.05%	76.65%	85.41%	5.28%	91.97%	66.54%	570.69%	62.71%
Earnings before Interest and Taxes (EBIT)	970	2,565	2,638	1,654	578	764	3,408	607	807	-7,442	1,785
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,236	2,785	2,899	1,892	811	992	3,671	805	1,002	-7,238	2,013
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.71	5.88	4.32	4.82	4.73	4.11	7.10	5.18	4.34	5.28	0.00
Price to Tangible Book Value (P/TBV)	6.38	8.08	5.86	7.01	6.99	6.25	18.38	10.93	9.34	15.13	0.00
Price to Revenue (P/Rev)	3.17	3.57	2.30	2.50	1.87	1.59	2.11	1.68	2.20	3.20	1.58
Price to Earnings (P/E)	22.35	20.80	12.32	11.85	11.68	10.39	17.20	25.28	0.00	0.00	0.00
Dividend Yield	1.35%	1.10%	1.43%	1.49%	1.54%	1.85%	1.88%	2.17%	2.61%	2.61%	3.81%
Earnings Yield	4.47%	4.81%	8.12%	8.44%	8.56%	9.62%	5.82%	3.96%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.23	4.13	3.29	3.44	3.75	3.50	4.98	5.21	0.00	3.50	0.00
Enterprise Value to Revenue (EV/Rev)	3.60	3.87	2.52	2.70	1.96	1.68	2.22	1.72	0.45	3.44	0.00
Enterprise Value to EBITDA (EV/EBITDA)	12.25	12.05	11.57	9.62	10.33	8.47	0.00	0.00	0.00	0.00	0.01
Enterprise Value to EBIT (EV/EBIT)	14.18	13.59	13.50	11.03	12.07	9.81	0.00	0.00	0.00	0.00	0.01
Enterprise Value to NOPAT (EV/NOPAT)	16.59	16.53	12.71	10.05	10.87	8.85	0.00	0.00	0.00	0.00	0.01
Enterprise Value to Operating Cash Flow (EV/OCF)	21.11	31.06	14.66	23.28	12.48	8.67	9.21	5.17	0.80	9.95	0.04
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	41.24	0.00	0.00	0.62	27.38	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.34	0.31	0.35	0.36	0.32	0.39	0.39	0.37	0.42	2.12
Long-Term Debt to Equity	0.33	0.34	0.31	0.35	0.36	0.32	0.39	0.39	0.37	0.42	2.12
Financial Leverage	-0.24	-0.29	-0.31	-0.36	-1.06	-0.35	-1.56	-8.78	-1.75	-0.04	-8.72
Leverage Ratio	12.28	12.30	13.17	13.74	13.51	14.04	25.59	20.79	13.99	10.52	86.74
Compound Leverage Factor	14.95	8.26	10.41	11.95	51.10	36.04	6.63	32.57	31.05	-1.74	-45.92
Debt to Total Capital	24.65%	25.47%	23.72%	25.67%	26.21%	24.27%	28.15%	27.95%	26.84%	29.75%	67.99%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	24.65%	25.47%	23.72%	25.67%	26.21%	24.27%	28.15%	27.95%	26.84%	29.75%	67.99%
Preferred Equity to Total Capital	3.26%	3.36%	3.38%	3.66%	3.82%	4.19%	5.59%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	33.47%	33.02%	33.08%	34.37%	33.40%	33.60%	38.08%	37.83%	39.85%	39.95%	46.86%
Common Equity to Total Capital	38.62%	38.14%	39.82%	36.29%	36.57%	37.93%	28.18%	34.22%	33.31%	30.29%	-14.85%
Debt to EBITDA	1.46	1.26	1.46	1.31	1.49	1.25	-4.30	-2.04	-7.05	-1.90	0.83
Net Debt to EBITDA	-0.74	-0.87	-1.22	-1.22	-1.64	-1.51	5.04	2.47	40.70	1.78	-4.04
Long-Term Debt to EBITDA	1.46	1.26	1.46	1.31	1.49	1.25	-4.30	-2.04	-7.05	-1.90	0.83
Debt to NOPAT	1.98	1.73	1.60	1.36	1.57	1.31	-3.36	-1.97	-5.10	-1.88	1.20
Net Debt to NOPAT	-1.00	-1.19	-1.34	-1.28	-1.73	-1.58	3.94	2.38	29.44	1.77	-5.79
Long-Term Debt to NOPAT	1.98	1.73	1.60	1.36	1.57	1.31	-3.36	-1.97	-5.10	-1.88	1.20
Altman Z-Score	0.26	0.32	0.30	0.29	0.31	0.29	0.29	0.25	0.21	0.08	0.18
Noncontrolling Interest Sharing Ratio	49.52%	49.31%	52.51%	51.68%	52.04%	52.55%	72.63%	53.28%	49.84%	63.91%	146.40%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.39	5.10	4.76	5.36	6.01	5.48	4.32	4.67	5.43	4.41	4.18
Quick Ratio	3.80	4.84	4.51	5.06	5.55	4.95	3.84	3.83	4.73	3.49	3.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8,733	-6,564	-10,971	-11,293	-37,842	-3,779	-30,409	-214,678	13,421	-1,786	23,521
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-497.92	0.00	0.00	0.00	223.68	0.00	367.51
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.92	0.00	0.00	0.00	17.85	0.00	36.63
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.92	0.00	0.00	0.00	17.85	0.00	36.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.08	0.10	0.09	0.11	0.11	0.09	0.10	0.06	0.08	0.06
Accounts Receivable Turnover	45.81	50.56	57.32	54.44	0.00	71.43	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.75	0.75	0.75	0.81	0.82	0.86	0.24	0.20	0.13	0.67	1.45
Days Sales Outstanding (DSO)	7.97	7.22	6.37	6.70	0.00	5.11	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	489.07	486.62	483.58	450.17	443.93	423.26	1,512.69	1,785.69	2,721.33	546.84	252.21
Cash Conversion Cycle (CCC)	-481.10	-479.40	-477.21	-443.47	-443.93	-418.15	-1,512.69	-1,785.69	-2,721.33	-546.84	-252.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	27,412	24,456	23,721	21,000	17,721	15,646	10,572	8,373	-20,608	10,784	-22,291
Invested Capital Turnover	1.09	1.30	1.81	1.82	-23.49	2.47	-4.05	-0.26	-1.12	0.83	-1.45
Increase / (Decrease) in Invested Capital	9,691	8,810	13,149	12,627	38,329	4,862	32,863	215,119	-12,755	-4,837	-22,291
Enterprise Value (EV)	88,550	101,045	77,990	72,243	66,391	54,805	52,688	43,598	7,105	37,698	47
Market Capitalization	78,122	93,185	71,141	66,902	63,300	51,965	50,022	42,621	35,010	35,064	25,488
Book Value per Share	$29.06	$28.02	$28.91	$24.38	$22.77	$22.28	$12.43	$14.50	$14.15	$11.60	($2.35)
Tangible Book Value per Share	$21.47	$20.37	$21.30	$16.78	$15.41	$14.65	$4.80	$6.87	$6.57	$4.05	($9.91)
Total Capital	42,925	41,568	41,348	38,229	36,612	33,337	24,999	24,049	24,241	21,920	9,017
Total Debt	10,581	10,588	9,807	9,815	9,596	8,092	7,037	6,722	6,507	6,522	6,131
Total Long-Term Debt	10,581	10,588	9,807	9,815	9,596	8,092	7,037	6,722	6,507	6,522	6,131
Net Debt	-5,338	-7,265	-8,227	-9,198	-10,536	-9,759	-8,251	-8,121	-37,565	-6,124	-29,666
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,139	-3,032	-3,336	-3,159	-2,984	-2,889	-3,149	-2,783	-3,189	-2,510	-3,032
Debt-free Net Working Capital (DFNWC)	12,780	14,821	14,698	15,854	17,148	14,962	12,139	12,060	14,119	10,136	9,631
Net Working Capital (NWC)	12,780	14,821	14,698	15,854	17,148	14,962	12,139	12,060	14,119	10,136	9,631
Net Nonoperating Expense (NNE)	20	584	409	157	-1,278	-2,498	1,814	-309	-872	-7,630	2,079
Net Nonoperating Obligations (NNO)	-4,932	-6,524	-7,820	-7,414	-9,295	-9,599	-7,390	-8,954	-38,342	-4,614	-25,177
Total Depreciation and Amortization (D&A)	266	220	261	238	233	228	263	198	195	204	228
Debt-free, Cash-free Net Working Capital to Revenue	-12.75%	-11.61%	-10.78%	-11.82%	-8.80%	-8.85%	-13.27%	-11.00%	-20.00%	-22.88%	-18.75%
Debt-free Net Working Capital to Revenue	51.90%	56.76%	47.49%	59.31%	50.57%	45.83%	51.17%	47.65%	88.55%	92.41%	59.56%
Net Working Capital to Revenue	51.90%	56.76%	47.49%	59.31%	50.57%	45.83%	51.17%	47.65%	88.55%	92.41%	59.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.68	$2.42	$1.30	$1.36	$2.31	$4.55	$1.10	$1.00	$1.67	$1.07	($1.52)
Adjusted Weighted Average Basic Shares Outstanding	587.26M	586.07M	585.38M	587.10M	588.12M	581.38M	578.80M	578.98M	584.12M	584.69M	584.32M
Adjusted Diluted Earnings per Share	$0.68	$2.41	$1.29	$1.35	$2.28	$4.52	$1.10	$1.00	$1.66	$1.07	($1.52)
Adjusted Weighted Average Diluted Shares Outstanding	592.98M	604.04M	588.54M	590.17M	605.38M	588.85M	578.80M	578.98M	584.24M	584.69M	584.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	571.49M	570.48M	565.82M	569.53M	569.00M	568.16M	567.56M	566.81M	567.40M	570.65M	572.28M
Normalized Net Operating Profit after Tax (NOPAT)	958	2,246	2,178	1,334	487	415	2,454	441	666	-6,623	1,230
Normalized NOPAT Margin	17.26%	36.99%	25.98%	21.47%	8.95%	3.85%	58.95%	3.29%	15.41%	-554.71%	21.40%
Pre Tax Income Margin	21.29%	28.39%	24.88%	23.14%	40.17%	18.20%	21.21%	7.10%	41.48%	103.02%	-16.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	7.61	0.00	0.00	0.00	13.45	0.00	27.89
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	6.41	0.00	0.00	0.00	11.09	0.00	19.22
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	7.61	0.00	0.00	0.00	13.45	0.00	27.89
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	6.41	0.00	0.00	0.00	11.09	0.00	19.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.49%	39.04%	29.81%	35.67%	45.07%	44.12%	61.07%	88.84%	-258.24%	-79.50%	-50.97%
Augmented Payout Ratio	58.33%	53.00%	39.63%	40.71%	50.46%	52.74%	79.03%	118.81%	-353.52%	-97.60%	-65.35%

Frequently Asked Questions About Apollo Global Management's Financials

When does Apollo Global Management's financial year end?

According to the most recent income statement we have on file, Apollo Global Management's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Apollo Global Management's net income changed over the last 4 years?

Apollo Global Management's net income appears to be on an upward trend, with a most recent value of $6.37 billion in 2024, rising from $467 million in 2020. The previous period was $6.51 billion in 2023. Check out Apollo Global Management's forecast to explore projected trends and price targets.

What is Apollo Global Management's operating income?

Apollo Global Management's total operating income in 2024 was $7.13 billion, based on the following breakdown:

Total Gross Profit: $23.51 billion
Total Operating Expenses: $16.37 billion

How has Apollo Global Management revenue changed over the last 4 years?

Over the last 4 years, Apollo Global Management's total revenue changed from $2.35 billion in 2020 to $26.11 billion in 2024, a change of 1,009.3%.

How much debt does Apollo Global Management have?

Apollo Global Management's total liabilities were at $346.92 billion at the end of 2024, a 20.4% increase from 2023, and a 1,771.4% increase since 2021.

How much cash does Apollo Global Management have?

In the past 3 years, Apollo Global Management's cash and equivalents has ranged from $917 million in 2021 to $16.91 billion in 2024, and is currently $16.91 billion as of their latest financial filing in 2024.

How has Apollo Global Management's book value per share changed over the last 4 years?

Over the last 4 years, Apollo Global Management's book value per share changed from 0.00 in 2020 to 28.02 in 2024, a change of 2,802.2%.

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This page (NYSE:APO) was last updated on 5/28/2025 by MarketBeat.com Staff

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Apollo Global Management (APO) Financials

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