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Apollo Commercial Real Estate Finance (ARI) Financials

Apollo Commercial Real Estate Finance logo
$9.64 +0.04 (+0.36%)
Closing price 05/23/2025 03:59 PM Eastern
Extended Trading
$9.56 -0.07 (-0.78%)
As of 05/23/2025 04:51 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Apollo Commercial Real Estate Finance

Annual Income Statements for Apollo Commercial Real Estate Finance

This table shows Apollo Commercial Real Estate Finance'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 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 -132 46 253 211 4.84 212 193 156 128 91 75
Consolidated Net Income / (Loss)		 -120 58 265 224 18 230 220 193 158 103 83
Net Income / (Loss) Continuing Operations		 -120 58 265 224 18 230 220 193 158 103 83
Total Pre-Tax Income 		-119 59 265 224 18 230 220 196 158 100 83
Total Revenue		 196 267 369 279 250 315 297 216 221 126 101
Net Interest Income / (Expense)		 199 252 242 266 279 334 289 260 201 143 97
Total Interest Income		 199 252 242 428 428 487 404 339 264 192 123
Loans and Leases Interest Income		 699 701 457 328 309 322 264 159 103 56 28
Investment Securities Interest Income		 3.54 17 56 100 118 165 140 180 161 136 96
Other Interest Income		 -504 -466 -271 - - - - - - - -
Total Interest Expense		 0.00 0.00 0.00 163 149 153 115 78 64 49 27
Total Non-Interest Income		 -3.32 14 127 13 -29 -19 7.59 -44 21 -17 4.20
Other Service Charges		 4.50 4.62 2.49 3.82 1.60 2.11 1.44 0.94 1.09 1.24 0.03
Net Realized & Unrealized Capital Gains on Investments		 -113 -83 63 -9.47 -30 -22 6.15 -45 20 -19 4.17
Other Non-Interest Income		 105 92 62 19 0.00 - - - - - -
Provision for Credit Losses		 156 59 -18 -35 126 20 20 5.00 15 0.00 0.00
Total Non-Interest Expense		 159 149 121 90 67 65 57 52 48 26 18
Other Operating Expenses		 147 140 120 87 67 65 57 21 48 26 18
Depreciation Expense		 12 8.25 0.70 2.65 0.00 0.00 - - - - -
Income Tax Expense		 0.39 0.44 0.00 0.00 - - - - - - -
Preferred Stock Dividends Declared		 12 12 12 13 14 19 27 37 30 12 7.44
Basic Earnings per Share		 ($0.97) $0.29 $1.77 $1.48 $0.01 $1.41 $1.52 $1.54 $1.74 $1.54 $1.72
Weighted Average Basic Shares Outstanding		 139.67M 141.28M 140.53M 139.87M 148.00M 146.88M 124.15M 99.86M 72.37M 58.67M 43.46M
Diluted Earnings per Share		 ($0.97) $0.29 $1.68 $1.46 $0.01 $1.40 $1.48 $1.54 $1.74 $1.54 $1.72
Weighted Average Diluted Shares Outstanding		 139.67M 141.28M 165.50M 168.40M 148.00M 175.79M 153.82M 101.23M 73.31M 59.27M 43.68M
Weighted Average Basic & Diluted Shares Outstanding		 138.87M 142.10M 141.27M 140.54M 139.85M 154.04M 126.70M 101.50M 73.30M 59.30M 43.80M
Cash Dividends to Common per Share		 $1.20 $1.40 $1.40 $1.40 $1.45 $1.84 $1.84 $1.84 $1.84 $1.78 $1.60

Quarterly Income Statements for Apollo Commercial Real Estate Finance

This table shows Apollo Commercial Real Estate Finance'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		 23 38 -95 33 -108 43 43 -86 46 -7.06 180
Consolidated Net Income / (Loss)		 26 41 -92 36 -105 47 46 -83 49 -3.99 183
Net Income / (Loss) Continuing Operations		 26 41 -92 36 -105 47 46 -83 49 -3.99 183
Total Pre-Tax Income 		26 41 -91 36 -104 46 47 -83 49 -3.99 183
Total Revenue		 69 77 -54 87 85 145 78 -44 88 32 176
Net Interest Income / (Expense)		 39 44 47 52 57 58 60 63 71 67 62
Total Interest Income		 39 -213 47 180 185 -163 60 179 176 -107 134
Loans and Leases Interest Income		 144 156 180 179 184 180 180 174 166 152 121
Investment Securities Interest Income		 0.56 0.64 1.21 0.84 0.85 0.86 1.60 5.11 9.71 12 13
Other Interest Income		 -105 - -134 - - - -122 - - - -
Total Interest Expense		 0.00 -256 0.00 128 128 -221 0.00 116 105 -174 72
Total Non-Interest Income		 29 34 -101 35 29 87 18 -107 17 -35 114
Other Service Charges		 1.19 1.71 1.57 0.64 0.57 0.08 1.47 2.34 0.73 2.14 0.29
Net Realized & Unrealized Capital Gains on Investments		 1.54 5.15 -127 5.11 4.19 61 -4.72 -139 -0.02 4.73 38
Other Non-Interest Income		 26 27 25 29 24 26 21 29 16 -42 76
Provision for Credit Losses		 4.01 -1.26 -0.90 10 148 - -5.83 - 4.39 20 -56
Total Non-Interest Expense		 38 38 39 41 41 38 37 39 35 17 47
Other Operating Expenses		 36 36 36 38 37 37 36 37 31 17 47
Depreciation Expense		 2.46 2.38 2.34 2.29 4.66 1.04 1.02 2.20 3.99 - 0.00
Income Tax Expense		 0.12 0.11 0.07 0.10 0.11 -0.08 0.52 0.00 0.00 - 0.00
Preferred Stock Dividends Declared		 3.07 3.07 3.07 3.07 3.07 3.07 3.07 3.07 3.07 3.07 3.07
Basic Earnings per Share		 $0.16 $0.25 ($0.69) $0.23 ($0.76) $0.29 $0.30 ($0.62) $0.32 ($0.06) $1.27
Weighted Average Basic Shares Outstanding		 138.64M 139.67M 138.25M 140.44M 141.87M 141.28M 141.35M 141.34M 141.07M 140.53M 140.59M
Diluted Earnings per Share		 $0.16 $0.25 ($0.69) $0.23 ($0.76) $0.29 $0.30 ($0.62) $0.32 $0.03 $1.13
Weighted Average Diluted Shares Outstanding		 138.99M 139.67M 138.25M 140.61M 141.87M 141.28M 141.35M 141.34M 155.48M 165.50M 164.35M
Weighted Average Basic & Diluted Shares Outstanding		 138.94M 138.87M 138.17M 138.35M 142.16M 142.10M 141.36M 141.35M 141.34M 141.27M 140.60M
Cash Dividends to Common per Share		 $0.25 $0.25 $0.25 $0.35 $0.35 $0.35 $0.35 $0.35 $0.35 $0.35 $0.35

Annual Cash Flow Statements for Apollo Commercial Real Estate Finance

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

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 89 4.02 -119 18 -127 342 32 -186 166 27 21
Net Cash From Operating Activities		 200 274 268 199 164 273 266 155 124 88 67
Net Cash From Continuing Operating Activities		 200 279 262 199 164 273 266 155 124 88 67
Net Income / (Loss) Continuing Operations		 -120 58 265 224 18 230 220 193 158 103 83
Consolidated Net Income / (Loss)		 -120 58 265 224 18 230 220 193 158 103 83
Depreciation Expense		 12 8.25 0.70 2.65 0.00 0.00 - - - - -
Amortization Expense		 -13 -15 -39 -56 -49 -70 -53 -41 -6.07 -8.22 -2.24
Non-Cash Adjustments to Reconcile Net Income		 227 169 -21 22 76 75 41 12 -16 20 -3.32
Changes in Operating Assets and Liabilities, net		 94 58 56 6.89 -7.20 18 38 -14 -27 -27 -10
Net Cash From Investing Activities		 577 68 -1,339 -1,357 -216 -1,435 -999 -721 1,067 -791 -887
Net Cash From Continuing Investing Activities		 577 68 -1,339 -1,357 -216 -1,435 -999 -721 -631 -791 -516
Purchase of Investment Securities		 -1,468 -73 -33 -2,909 -891 -3,084 -2,351 -1,836 -1,138 -1,351 -847
Sale of Property, Leasehold Improvements and Equipment		 40 - - - - - - - - - -
Sale and/or Maturity of Investments		 2,550 1,183 2,201 1,903 675 2,035 1,352 1,091 506 540 331
Other Investing Activities, net		 -544 -1,042 -3,507 -351 - -386 - - - - 0.00
Net Cash From Financing Activities		 -689 -343 958 1,175 -75 1,504 765 380 -1,025 730 840
Net Cash From Continuing Financing Activities		 -689 -343 958 1,175 -75 1,504 765 380 -1,025 730 849
Issuance of Debt		 1,998 807 2,836 797 34 497 227 343 0.00 0.00 346
Repayment of Debt		 -2,593 -917 -1,807 -150 -5.00 -2.50 -56 -85 -4.37 -1.25 0.00
Repurchase of Common Equity		 -41 0.00 0.00 - -128 0.00 0.00 - - -1.74 0.00
Payment of Dividends		 -198 -214 -213 -213 -251 -291 -255 -220 -160 -108 -75
Other Financing Activities, Net		 144 -19 141 741 275 1,158 573 179 -1,038 300 420
Cash Interest Paid		 495 444 246 138 130 133 98 56 53 43 18
Cash Income Taxes Paid		 0.03 0.80 0.00 0.00 - - - - - - -

Quarterly Cash Flow Statements for Apollo Commercial Real Estate Finance

This table details how cash moves in and out of Apollo Commercial Real Estate Finance'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		 -152 123 19 12 -65 -82 4.22 -23 104 -104 90
Net Cash From Operating Activities		 39 50 47 50 53 31 83 49 110 43 126
Net Cash From Continuing Operating Activities		 39 50 47 50 53 36 83 49 110 37 126
Net Income / (Loss) Continuing Operations		 26 41 -92 36 -105 47 46 -83 49 -3.99 183
Consolidated Net Income / (Loss)		 26 41 -92 36 -105 47 46 -83 49 -3.99 183
Provision For Loan Losses		 4.01 - - 10 148 - - 62 4.39 - -
Depreciation Expense		 2.46 2.38 2.34 2.29 4.66 1.04 1.02 2.20 3.99 - -
Amortization Expense		 -1.86 -3.93 -3.71 -2.22 -2.69 -1.56 -4.50 -2.61 -6.21 -7.69 -9.94
Non-Cash Adjustments to Reconcile Net Income		 9.44 81 134 4.23 7.89 12 21 88 48 42 -58
Changes in Operating Assets and Liabilities, net		 -0.72 -70 164 -0.09 -0.17 -22 85 -16 11 -31 49
Net Cash From Investing Activities		 -458 586 206 -49 -167 -157 115 23 87 184 -189
Net Cash From Continuing Investing Activities		 -458 586 206 -49 -167 -157 115 23 87 184 -189
Purchase of Investment Securities		 -502 -350 -107 -652 -360 233 150 -96 -360 3,235 -998
Sale and/or Maturity of Investments		 145 947 833 577 193 358 191 188 447 457 537
Other Investing Activities, net		 -100 -16 -554 - - -738 -235 - - - -
Net Cash From Financing Activities		 266 -513 -235 11 48 43 -198 -95 -93 -326 147
Net Cash From Continuing Financing Activities		 266 -513 -235 11 48 43 -198 -95 -93 -326 147
Issuance of Debt		 407 315 505 - - 451 33 - - - -
Repayment of Debt		 -113 -834 -724 -1,033 -2.00 -349 -177 -382 -8.88 -1,456 -347
Repurchase of Common Equity		 0.00 -0.00 -2.89 - - - - - - - -
Payment of Dividends		 -38 -38 -52 -54 -54 -54 -54 -54 -54 -53 -53
Other Financing Activities, Net		 11 44 39 -43 104 -5.06 -0.40 17 -30 -1,653 547
Cash Interest Paid		 102 121 122 136 116 127 109 118 90 95 62
Cash Income Taxes Paid		 0.00 - - - - - - - - - -

Annual Balance Sheets for Apollo Commercial Real Estate Finance

This table presents Apollo Commercial Real Estate Finance'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 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 8,412 9,297 9,568 8,417 6,940 6,888 5,096 4,089 3,483 2,713 1,845
Cash and Due from Banks		 317 225 222 343 325 452 110 78 201 67 41
Trading Account Securities		 58 29 129 17 0.00 - 24 0.00 483 3.33 698
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 6,497 0.00 0.00 3,680 0.00 0.00 1,020
Loans Held for Sale		 41 0.00 - - - - - - - - -
Mortgage Servicing Rights		 7,104 8,358 8,682 7,857 - 6,375 4,928 - 2,693 - -
Other Assets		 891 684 536 200 118 61 35 331 43 0.24 49
Total Liabilities & Shareholders' Equity		 8,412 9,297 9,568 8,417 6,940 6,888 5,096 4,089 3,483 2,713 1,845
Total Liabilities		 6,537 7,088 7,214 6,122 4,669 4,258 2,586 2,000 1,551 1,337 990
Long-Term Debt		 6,390 6,958 6,977 6,019 4,554 4,138 592 585 335 248 339
Other Long-Term Liabilities		 147 130 237 103 75 120 105 71 69 - 29
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,874 2,209 2,355 2,295 2,271 2,630 2,510 2,088 1,932 1,375 855
Total Preferred & Common Equity		 1,874 2,209 2,355 2,295 2,271 2,630 2,510 2,088 1,932 1,375 855
Preferred Stock		 0.07 0.07 0.07 0.07 0.07 0.07 0.14 - - 0.12 0.04
Total Common Equity		 1,874 2,209 2,354 2,295 2,270 2,630 2,510 2,088 1,932 1,378 855
Common Stock		 2,697 2,729 2,718 2,722 2,709 2,827 2,640 2,171 1,984 1,411 869
Retained Earnings		 -823 -520 -364 -428 -439 -197 -130 -83 -48 -32 -10

Quarterly Balance Sheets for Apollo Commercial Real Estate Finance

This table presents Apollo Commercial Real Estate Finance'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 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 8,784 9,098 9,272 9,225 9,157 9,360 9,508 9,824
Cash and Due from Banks		 166 194 175 161 308 308 332 319
Trading Account Securities		 16 0.58 48 47 94 64 89 249
Loans and Leases, Net of Allowance		 7,687 0.00 0.00 0.00 0.00 8,295 0.00 0.00
Loans and Leases		 7,687 - - - - 8,295 - -
Loans Held for Sale		 41 - 0.00 135 - - - -
Other Assets		 873 1,073 756 731 781 693 616 524
Total Liabilities & Shareholders' Equity		 8,784 9,098 9,272 9,225 9,157 9,360 9,508 9,824
Total Liabilities		 6,924 7,230 7,275 7,178 6,945 7,145 7,161 7,416
Short-Term Debt		 0.00 - - - - - - -
Long-Term Debt		 6,815 7,044 7,117 7,013 6,733 6,971 6,967 7,038
Other Long-Term Liabilities		 109 185 158 165 212 165 193 378
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,861 1,868 1,997 2,047 2,212 2,215 2,348 2,408
Total Preferred & Common Equity		 1,861 1,868 1,997 2,047 2,212 2,215 2,348 2,408
Preferred Stock		 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Total Common Equity		 1,861 1,868 1,997 2,047 2,212 2,215 2,347 2,408
Common Stock		 2,696 2,693 2,692 2,726 2,725 2,720 2,716 2,714
Retained Earnings		 -835 -825 -695 -678 -513 -505 -368 -306

Annual Metrics And Ratios for Apollo Commercial Real Estate Finance

This table displays calculated financial ratios and metrics derived from Apollo Commercial Real Estate Finance's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -26.58% -27.73% 32.24% 11.63% -20.69% 6.11% 37.39% -2.37% 75.80% 24.65% 44.17%
EBITDA Growth		 -331.30% -77.12% 33.29% 1,848.40% -94.56% -3.82% 42.26% -22.77% 65.88% 13.54% 69.33%
EBIT Growth		 -303.59% -77.92% 18.66% 287.89% -74.97% 4.63% 38.61% 0.47% 58.30% 20.38% 57.94%
NOPAT Growth		 -243.60% -78.08% 18.66% 287.89% -74.97% 4.63% 38.61% 0.47% 58.30% 20.38% 57.94%
Net Income Growth		 -305.82% -78.08% 18.66% 1,116.28% -92.02% 4.63% 13.96% 22.27% 52.90% 24.80% 57.64%
EPS Growth		 -434.48% -82.74% 15.07% 14,500.00% -99.29% -5.41% -3.90% -11.49% 12.99% -10.47% 36.51%
Operating Cash Flow Growth		 -26.88% 2.30% 34.27% 21.54% -40.00% 2.81% 71.73% 25.01% 40.58% 31.45% 45.79%
Free Cash Flow Firm Growth		 267.87% 129.60% 39.12% -4,071.57% 98.10% -107.10% -69.38% 37.23% -13.00% 26.28% -1,304.56%
Invested Capital Growth		 -9.84% -1.76% 12.23% 21.28% 1.29% 35.88% 24.24% 17.69% 34.03% 39.94% 105.26%
Revenue Q/Q Growth		 -25.74% 73.62% -9.16% 36.60% -33.98% 15.14% 24.42% -17.66% 20.29% 4.47% 6.54%
EBITDA Q/Q Growth		 -214.20% 341.69% -17.15% 1,835.55% -96.28% 4.57% 197.39% -54.49% 15.95% -0.03% 9.61%
EBIT Q/Q Growth		 -213.51% 129.19% -13.78% 394.78% -80.47% 3.63% 76.85% -41.36% 14.55% 2.20% 8.13%
NOPAT Q/Q Growth		 -5.02% 616.11% -13.41% 3,718.81% -80.47% 23.02% 40.52% -40.26% 28.53% 2.20% 8.13%
Net Income Q/Q Growth		 -5.18% 664.83% -13.41% 0.19% -65.71% 8.95% 5.60% -8.41% 25.21% 5.30% 8.07%
EPS Q/Q Growth		 -4.30% 866.67% -13.40% 6.57% -96.00% 10.24% 0.00% -18.95% 27.94% -7.78% 2.99%
Operating Cash Flow Q/Q Growth		 10.54% -4.11% 3.11% -7.65% -17.22% 17.29% 1.31% -1.75% 17.11% -0.59% 27.46%
Free Cash Flow Firm Q/Q Growth		 1,814.10% -56.29% 50.56% -58.51% 89.95% -32.93% 13.49% 5.10% -11.15% 0.75% -30.01%
Invested Capital Q/Q Growth		 -7.27% 2.49% -1.21% 9.13% 0.32% 8.40% 1.96% 3.88% 8.97% 7.37% 10.80%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -61.39% 19.49% 61.56% 61.07% 3.50% 50.96% 56.22% 54.29% 68.63% 72.73% 79.85%
EBIT Margin		 -60.94% 21.98% 71.93% 80.15% 23.07% 73.07% 74.10% 73.45% 71.37% 79.26% 82.07%
Profit (Net Income) Margin		 -61.14% 21.81% 71.93% 80.15% 7.36% 73.07% 74.10% 89.33% 71.33% 82.01% 81.91%
Tax Burden Percent		 100.33% 99.25% 100.00% 100.00% 100.00% 100.00% 100.00% 98.55% 99.94% 103.47% 99.81%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 31.89% 100.00% 100.00% 123.42% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.75% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -0.96% 0.63% 3.01% 2.95% 0.85% 3.92% 4.89% 4.28% 5.31% 4.58% 6.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.50% 0.63% 3.01% 2.95% -0.05% 3.92% 4.89% 6.30% 5.30% 4.90% 6.11%
Return on Net Nonoperating Assets (RNNOA)		 -4.90% 1.92% 8.40% 6.85% -0.10% 5.04% 4.68% 5.32% 4.24% 4.68% 4.62%
Return on Equity (ROE)		 -5.86% 2.55% 11.41% 9.79% 0.75% 8.96% 9.57% 9.60% 9.55% 9.26% 10.76%
Cash Return on Invested Capital (CROIC)		 9.39% 2.41% -8.52% -16.28% -0.43% -26.50% -16.72% -11.97% -23.77% -28.71% -62.83%
Operating Return on Assets (OROA)		 -1.35% 0.62% 2.95% 2.91% 0.83% 3.84% 4.79% 4.19% 5.10% 4.38% 6.02%
Return on Assets (ROA)		 -1.35% 0.62% 2.95% 2.91% 0.27% 3.84% 4.79% 5.10% 5.10% 4.53% 6.01%
Return on Common Equity (ROCE)		 -5.86% 2.55% 11.41% 9.79% 0.75% 8.96% 9.57% 9.60% 9.55% 9.27% 10.76%
Return on Equity Simple (ROE_SIMPLE)		 -6.38% 2.63% 11.26% 9.74% 0.81% 8.75% 8.77% 9.24% 8.17% 7.51% 9.68%
Net Operating Profit after Tax (NOPAT)		 -83 58 265 224 58 230 220 159 158 100 83
NOPAT Margin		 -42.66% 21.81% 71.93% 80.15% 23.07% 73.07% 74.10% 73.45% 71.37% 79.26% 82.07%
Net Nonoperating Expense Percent (NNEP)		 0.54% 0.00% 0.00% 0.00% 0.90% 0.00% 0.00% -2.02% 0.01% -0.33% 0.03%
SG&A Expenses 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		 81.32% 55.72% 32.85% 32.32% 26.66% 20.58% 19.16% 24.24% 21.85% 20.74% 17.93%
Earnings before Interest and Taxes (EBIT)		 -119 59 265 224 58 230 220 159 158 100 83
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -120 52 227 170 8.74 161 167 117 152 92 81
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.64 0.66 0.50 0.58 0.45 0.60 0.45 0.44 0.29 0.31 0.30
Price to Tangible Book Value (P/TBV)		 0.64 0.66 0.50 0.58 0.45 0.60 0.45 0.44 0.29 0.31 0.30
Price to Revenue (P/Rev)		 6.12 5.50 3.18 4.76 4.11 5.03 3.84 4.22 2.54 3.43 2.56
Price to Earnings (P/E)		 0.00 31.98 4.63 6.30 212.24 7.48 5.91 5.84 4.40 4.73 3.43
Dividend Yield		 13.86% 13.50% 16.80% 14.76% 19.82% 17.85% 21.62% 21.61% 26.48% 27.65% 29.04%
Earnings Yield		 0.00% 3.13% 21.59% 15.86% 0.47% 13.37% 16.91% 17.14% 22.71% 21.14% 29.18%
Enterprise Value to Invested Capital (EV/IC)		 0.88 0.89 0.85 0.84 0.77 0.78 0.70 0.69 0.52 0.60 0.63
Enterprise Value to Revenue (EV/Rev)		 37.15 30.77 21.50 25.12 21.16 16.73 11.79 12.75 8.01 12.16 11.37
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 157.87 34.92 41.12 604.75 32.82 20.98 23.49 11.67 16.72 14.24
Enterprise Value to EBIT (EV/EBIT)		 0.00 139.99 29.89 31.33 91.74 22.89 15.91 17.36 11.22 15.35 13.86
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 141.05 29.89 31.33 91.74 22.89 15.91 17.36 11.22 15.35 13.86
Enterprise Value to Operating Cash Flow (EV/OCF)		 36.30 29.94 29.61 35.13 32.22 19.27 13.16 17.79 14.31 17.38 17.14
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.88 36.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.41 3.15 2.96 2.62 2.02 1.57 0.98 0.92 0.76 0.85 1.12
Long-Term Debt to Equity		 3.41 3.15 2.96 2.62 2.01 1.57 0.24 0.28 0.17 0.18 0.40
Financial Leverage		 3.27 3.05 2.80 2.32 1.78 1.29 0.96 0.84 0.80 0.95 0.76
Leverage Ratio		 4.34 4.13 3.87 3.36 2.82 2.33 2.00 1.88 1.87 2.04 1.79
Compound Leverage Factor		 4.34 4.13 3.87 3.36 0.90 2.33 2.00 2.32 1.87 2.04 1.79
Debt to Total Capital		 77.32% 75.91% 74.77% 72.40% 66.88% 61.14% 49.62% 47.92% 43.29% 45.89% 52.93%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.46% 0.00% 37.73% 33.33% 33.45% 36.13% 34.25%
Long-Term Debt to Total Capital		 77.32% 75.91% 74.77% 72.40% 66.42% 61.14% 11.88% 14.59% 9.83% 9.76% 18.68%
Preferred Equity 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%
Noncontrolling Interests 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%
Common Equity to Total Capital		 22.68% 24.09% 25.23% 27.60% 33.12% 38.86% 50.38% 52.08% 56.71% 54.23% 47.07%
Debt to EBITDA		 -53.20 133.98 30.73 35.34 524.54 25.78 14.81 16.38 9.71 12.74 11.92
Net Debt to EBITDA		 -50.55 129.64 29.76 33.33 487.30 22.96 14.15 15.72 7.97 12.00 11.04
Long-Term Debt to EBITDA		 -53.20 133.98 30.73 35.34 520.97 25.78 3.55 4.99 2.21 2.71 4.21
Debt to NOPAT		 -76.56 119.71 26.30 26.93 79.57 17.98 11.23 12.11 9.34 11.69 11.60
Net Debt to NOPAT		 -72.75 115.83 25.47 25.40 73.92 16.01 10.74 11.62 7.67 11.01 10.75
Long-Term Debt to NOPAT		 -76.56 119.71 26.30 26.93 79.03 17.98 2.69 3.69 2.12 2.49 4.09
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% -0.09% -0.14% -0.05%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 819 223 -752 -1,235 -30 -1,557 -752 -444 -707 -626 -849
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 -7.60 -0.20 -10.18 -6.56 -5.69 -11.09 -12.81 -31.98
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 1.23 1.10 1.79 2.32 1.98 1.94 1.80 2.53
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 1.23 1.10 1.79 2.32 1.98 1.94 1.80 2.53
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.02 0.03 0.04 0.04 0.04 0.05 0.06 0.06 0.07 0.06 0.07
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
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 8,265 9,167 9,331 8,314 6,856 6,768 4,981 4,010 3,407 2,542 1,817
Invested Capital Turnover		 0.02 0.03 0.04 0.04 0.04 0.05 0.07 0.06 0.07 0.06 0.07
Increase / (Decrease) in Invested Capital		 -902 -164 1,017 1,459 87 1,787 972 603 865 725 932
Enterprise Value (EV)		 7,269 8,199 7,927 7,004 5,286 5,269 3,501 2,756 1,773 1,532 1,149
Market Capitalization		 1,197 1,466 1,172 1,327 1,027 1,583 1,139 912 562 432 258
Book Value per Share		 $13.57 $15.62 $16.75 $16.40 $16.18 $17.13 $18.75 $19.49 $23.90 $20.53 $18.25
Tangible Book Value per Share		 $13.57 $15.62 $16.75 $16.40 $16.18 $17.13 $18.75 $19.49 $23.90 $20.53 $18.25
Total Capital		 8,265 9,167 9,331 8,314 6,856 6,768 4,981 4,010 3,407 2,542 1,817
Total Debt		 6,390 6,958 6,977 6,019 4,585 4,138 2,472 1,921 1,475 1,167 961
Total Long-Term Debt		 6,390 6,958 6,977 6,019 4,554 4,138 592 585 335 248 339
Net Debt		 6,073 6,733 6,755 5,676 4,260 3,686 2,362 1,844 1,211 1,099 891
Capital Expenditures (CapEx)		 -40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 36 0.00 0.00 0.00 39 0.00 0.00 -34 0.10 -3.46 0.16
Net Nonoperating Obligations (NNO)		 6,390 6,958 6,977 6,019 4,585 4,138 2,472 1,921 1,475 1,167 961
Total Depreciation and Amortization (D&A)		 -0.88 -6.64 -38 -53 -49 -70 -53 -41 -6.07 -8.22 -2.24
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.97) $0.29 $1.77 $1.48 $0.01 $1.41 $1.52 $1.54 $1.74 $1.54 $1.72
Adjusted Weighted Average Basic Shares Outstanding		 139.67M 141.28M 140.53M 139.87M 148.00M 146.88M 124.15M 99.86M 72.37M 58.67M 43.46M
Adjusted Diluted Earnings per Share		 ($0.97) $0.29 $1.68 $1.46 $0.01 $1.40 $1.48 $1.54 $1.74 $1.54 $1.72
Adjusted Weighted Average Diluted Shares Outstanding		 139.67M 141.28M 165.50M 168.40M 148.00M 175.79M 153.82M 101.23M 73.31M 59.27M 43.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $1.41 $0.00 $1.54 $1.74 $1.54 $1.72
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 138.87M 142.10M 141.27M 140.54M 139.85M 154.04M 134.29M 107.47M 91.62M 67.39M 46.90M
Normalized Net Operating Profit after Tax (NOPAT)		 -83 58 186 157 40 161 154 133 111 70 58
Normalized NOPAT Margin		 -42.66% 21.81% 50.35% 56.24% 16.15% 51.15% 51.87% 61.67% 49.96% 55.48% 57.45%
Pre Tax Income Margin		 -60.94% 21.98% 71.93% 80.15% 7.36% 73.07% 74.10% 90.65% 71.37% 79.26% 82.07%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 1.38 0.39 1.51 1.92 2.03 2.48 2.04 3.12
NOPAT to Interest Expense		 0.00 0.00 0.00 1.38 0.39 1.51 1.92 2.03 2.48 2.04 3.12
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 1.38 0.39 1.51 1.92 2.03 2.48 2.04 3.12
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 1.38 0.39 1.51 1.92 2.03 2.48 2.04 3.12
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -165.69% 368.66% 80.25% 95.12% 1,367.42% 126.52% 115.72% 113.81% 101.45% 104.87% 90.94%
Augmented Payout Ratio		 -199.80% 368.66% 80.25% 95.12% 2,063.91% 126.52% 115.72% 113.81% 101.45% 106.56% 90.94%

Quarterly Metrics And Ratios for Apollo Commercial Real Estate Finance

This table displays calculated financial ratios and metrics derived from Apollo Commercial Real Estate Finance'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		 -20.26% -46.73% -169.07% 295.73% -2.89% 351.59% -55.73% -144.42% 44.59% -53.64% 123.16%
EBITDA Growth		 126.41% -63.92% -315.42% 142.90% -317.92% 917.48% -75.30% -237.12% 945.85% -138.50% 274.92%
EBIT Growth		 125.33% -62.65% -296.37% 143.03% -312.06% 2,095.09% -74.74% -217.55% 221.01% -114.53% 205.00%
NOPAT Growth		 135.56% -12.65% -239.00% 161.30% -249.41% 1,767.56% -74.83% -182.28% 221.01% -107.52% 202.69%
Net Income Growth		 124.87% -12.65% -298.71% 142.91% -313.68% 1,267.29% -74.83% -217.55% 221.01% -110.75% 203.07%
EPS Growth		 121.05% -13.79% -330.00% 137.10% -337.50% 866.67% -73.45% -240.91% 300.00% -89.66% 197.37%
Operating Cash Flow Growth		 -25.60% 61.88% -43.39% 1.85% -52.07% -27.57% -33.61% -0.91% 122.01% 23.40% 186.08%
Free Cash Flow Firm Growth		 125.94% 346.91% -105.91% 35.11% 131.52% 120.68% 133.27% 105.65% 62.68% 28.24% -126.91%
Invested Capital Growth		 -4.24% -9.84% -0.35% -0.78% -2.73% -1.76% -5.30% -1.48% 7.20% 12.23% 23.98%
Revenue Q/Q Growth		 -11.34% 243.68% -161.96% 1.83% -41.23% 86.30% 275.56% -150.52% 173.27% -81.74% 76.14%
EBITDA Q/Q Growth		 -30.72% 141.51% -358.27% 135.33% -195.27% 147.79% 151.43% -279.47% 457.39% -107.49% 185.48%
EBIT Q/Q Growth		 -34.87% 143.82% -354.93% 134.59% -196.64% 130.39% 155.86% -270.50% 1,009.22% -102.92% 159.93%
NOPAT Q/Q Growth		 -36.06% 163.48% -278.95% 148.96% -257.04% 1.02% 178.92% -219.35% 1,852.70% -101.52% 157.97%
Net Income Q/Q Growth		 -36.06% 144.40% -355.83% 134.24% -324.59% 1.02% 155.24% -270.50% 1,326.89% -102.18% 157.97%
EPS Q/Q Growth		 -36.00% 136.23% -400.00% 130.26% -362.07% -3.33% 148.39% -293.75% 966.67% -97.35% 156.82%
Operating Cash Flow Q/Q Growth		 -21.26% 5.71% -5.99% -4.91% 71.32% -63.03% 69.13% -55.25% 158.88% -66.11% 152.44%
Free Cash Flow Firm Q/Q Growth		 -56.47% 3,017.10% -130.15% -41.00% -13.89% -61.44% 589.56% 113.77% 43.50% 37.96% -17.05%
Invested Capital Q/Q Growth		 4.97% -7.27% -2.21% 0.60% -1.17% 2.49% -2.62% -1.39% -0.18% -1.21% 1.31%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 38.95% 49.85% 0.00% 41.39% -119.31% 73.59% 55.33% 0.00% 53.17% -40.65% 99.15%
EBIT Margin		 38.08% 51.84% 0.00% 41.31% -121.61% 73.95% 59.80% 0.00% 55.69% -16.74% 104.80%
Profit (Net Income) Margin		 37.91% 52.58% 0.00% 41.20% -122.54% 32.07% 59.14% 0.00% 55.69% -12.41% 104.01%
Tax Burden Percent		 99.56% 99.72% 100.07% 99.72% 100.11% 100.16% 98.89% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 100.00% 101.69% 100.00% 100.00% 100.65% 43.29% 100.00% 100.00% 100.00% 74.11% 99.24%
Effective Tax Rate		 0.44% 0.28% 0.00% 0.28% 0.00% -0.16% 1.11% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.76% 1.18% 0.00% 1.78% -2.46% 0.92% 0.99% 0.00% 2.45% -0.36% 4.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.76% 1.18% 0.00% 1.78% -2.91% 0.92% 0.99% 0.00% 2.45% -0.38% 4.95%
Return on Net Nonoperating Assets (RNNOA)		 2.70% 3.86% 0.00% 5.95% -9.26% 2.82% 2.94% 0.00% 7.14% -1.07% 12.96%
Return on Equity (ROE)		 3.46% 5.04% 0.00% 7.73% -11.72% 3.75% 3.93% 0.00% 9.59% -1.43% 17.91%
Cash Return on Invested Capital (CROIC)		 4.46% 9.39% -0.53% 1.04% 2.05% 2.41% 5.54% 3.05% -3.63% -8.52% -17.82%
Operating Return on Assets (OROA)		 0.75% 1.15% 0.00% 1.75% -3.43% 2.09% 0.97% 0.00% 2.41% -0.69% 4.85%
Return on Assets (ROA)		 0.75% 1.16% 0.00% 1.75% -3.45% 0.91% 0.96% 0.00% 2.41% -0.51% 4.81%
Return on Common Equity (ROCE)		 3.46% 5.04% 0.00% 7.73% -11.72% 3.75% 3.93% 0.00% 9.59% -1.43% 17.91%
Return on Equity Simple (ROE_SIMPLE)		 0.58% 0.00% -6.09% 1.20% -4.66% 0.00% 0.34% 6.53% 12.73% 0.00% 12.72%
Net Operating Profit after Tax (NOPAT)		 26 41 -64 36 -73 47 46 -58 49 -2.79 183
NOPAT Margin		 37.91% 52.58% 0.00% 41.20% -85.69% 32.07% 59.14% 0.00% 55.69% -8.68% 104.01%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.40% 0.00% 0.45% 0.00% 0.00% 0.36% 0.00% 0.02% 0.00%
SG&A Expenses 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		 56.07% 49.78% 0.00% 46.88% 48.47% 26.05% 47.69% 0.00% 39.31% 53.66% 26.77%
Earnings before Interest and Taxes (EBIT)		 26 40 -91 36 -104 107 47 -83 49 -5.38 184
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 27 39 -93 36 -102 107 43 -84 47 -13 174
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.71 0.64 0.68 0.70 0.74 0.66 0.57 0.63 0.48 0.50 0.38
Price to Tangible Book Value (P/TBV)		 0.71 0.64 0.68 0.70 0.74 0.66 0.57 0.63 0.48 0.50 0.38
Price to Revenue (P/Rev)		 7.46 6.12 4.83 3.52 5.76 5.50 8.25 5.58 2.83 3.18 2.28
Price to Earnings (P/E)		 0.00 0.00 0.00 119.98 0.00 31.98 0.00 10.61 3.90 4.63 3.15
Dividend Yield		 11.49% 13.86% 14.15% 14.30% 13.03% 13.50% 15.63% 14.09% 17.68% 16.80% 21.28%
Earnings Yield		 0.00% 0.00% 0.00% 0.83% 0.00% 3.13% 0.00% 9.42% 25.62% 21.59% 31.79%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.88 0.91 0.91 0.92 0.89 0.86 0.88 0.83 0.85 0.81
Enterprise Value to Revenue (EV/Rev)		 44.76 37.15 30.82 21.09 31.71 30.77 50.11 32.07 19.59 21.50 18.83
Enterprise Value to EBITDA (EV/EBITDA)		 1,041.46 0.00 77.21 35.28 0.00 157.87 654.13 86.36 28.80 34.92 27.90
Enterprise Value to EBIT (EV/EBIT)		 804.44 0.00 77.31 34.99 0.00 139.99 300.97 70.97 25.94 29.89 24.85
Enterprise Value to NOPAT (EV/NOPAT)		 733.30 0.00 0.00 349.12 0.00 141.05 947.54 55.80 25.94 29.89 24.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 42.72 36.30 44.83 38.34 38.67 29.94 26.93 24.61 23.62 29.61 29.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 20.18 8.88 0.00 87.48 44.43 36.84 15.11 28.58 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.66 3.41 3.77 3.56 3.43 3.15 3.04 3.15 2.97 2.96 2.92
Long-Term Debt to Equity		 3.66 3.41 3.77 3.56 3.43 3.15 3.04 3.15 2.97 2.96 2.92
Financial Leverage		 3.54 3.27 3.38 3.34 3.18 3.05 2.98 3.12 2.92 2.80 2.62
Leverage Ratio		 4.61 4.34 4.47 4.42 4.26 4.13 4.11 4.21 3.99 3.87 3.72
Compound Leverage Factor		 4.61 4.41 4.47 4.42 4.29 1.79 4.11 4.21 3.99 2.87 3.69
Debt to Total Capital		 78.55% 77.32% 79.04% 78.09% 77.40% 75.91% 75.27% 75.89% 74.80% 74.77% 74.51%
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		 78.55% 77.32% 79.04% 78.09% 77.40% 75.91% 75.27% 75.89% 74.80% 74.77% 74.51%
Preferred Equity 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%
Noncontrolling Interests 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%
Common Equity to Total Capital		 21.45% 22.68% 20.96% 21.91% 22.60% 24.09% 24.73% 24.11% 25.20% 25.23% 25.49%
Debt to EBITDA		 889.68 -53.20 66.97 30.13 -72.65 133.98 572.61 74.63 25.88 30.73 25.68
Net Debt to EBITDA		 867.96 -50.55 65.12 29.39 -70.98 129.64 546.43 71.33 24.65 29.76 24.52
Long-Term Debt to EBITDA		 889.68 -53.20 66.97 30.13 -72.65 133.98 572.61 74.63 25.88 30.73 25.68
Debt to NOPAT		 626.43 -76.56 -88.63 298.13 -105.72 119.71 829.47 48.22 23.31 26.30 22.98
Net Debt to NOPAT		 611.14 -72.75 -86.19 290.82 -103.29 115.83 791.54 46.09 22.20 25.47 21.93
Long-Term Debt to NOPAT		 626.43 -76.56 -88.63 298.13 -105.72 119.71 829.47 48.22 23.31 26.30 22.98
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 410 943 -32 107 182 211 547 79 -576 -1,020 -1,644
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 0.83 1.42 0.00 0.00 0.68 -5.50 0.00 -22.74
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.39 0.41 0.00 0.00 0.42 1.05 0.00 1.74
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.39 0.41 0.00 0.00 0.42 1.05 0.00 1.74
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.03 0.04 0.03 0.03 0.02 0.03 0.04 0.04 0.05
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
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 8,676 8,265 8,913 9,114 9,060 9,167 8,945 9,185 9,315 9,331 9,446
Invested Capital Turnover		 0.02 0.02 0.03 0.04 0.03 0.03 0.02 0.03 0.04 0.04 0.05
Increase / (Decrease) in Invested Capital		 -384 -902 -32 -71 -255 -164 -501 -138 625 1,017 1,827
Enterprise Value (EV)		 7,978 7,269 8,122 8,334 8,371 8,199 7,691 8,067 7,754 7,927 7,644
Market Capitalization		 1,329 1,197 1,271 1,392 1,519 1,466 1,266 1,404 1,119 1,172 925
Book Value per Share		 $13.40 $13.57 $13.50 $14.05 $14.43 $15.62 $15.65 $15.67 $16.62 $16.75 $17.12
Tangible Book Value per Share		 $13.40 $13.57 $13.50 $14.05 $14.43 $15.62 $15.65 $15.67 $16.62 $16.75 $17.12
Total Capital		 8,676 8,265 8,913 9,114 9,060 9,167 8,945 9,185 9,315 9,331 9,446
Total Debt		 6,815 6,390 7,044 7,117 7,013 6,958 6,733 6,971 6,967 6,977 7,038
Total Long-Term Debt		 6,815 6,390 7,044 7,117 7,013 6,958 6,733 6,971 6,967 6,977 7,038
Net Debt		 6,649 6,073 6,850 6,942 6,851 6,733 6,425 6,662 6,636 6,755 6,719
Capital Expenditures (CapEx)		 0.00 -5.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 28 0.00 31 0.00 0.00 25 0.00 1.20 0.00
Net Nonoperating Obligations (NNO)		 6,815 6,390 7,044 7,117 7,013 6,958 6,733 6,971 6,967 6,977 7,038
Total Depreciation and Amortization (D&A)		 0.59 -1.55 -1.37 0.07 1.97 -0.52 -3.48 -0.41 -2.22 -7.69 -9.94
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.16 $0.25 ($0.69) $0.23 ($0.76) $0.29 $0.30 ($0.62) $0.32 ($0.06) $1.27
Adjusted Weighted Average Basic Shares Outstanding		 138.64M 139.67M 138.25M 140.44M 141.87M 141.28M 141.35M 141.34M 141.07M 140.53M 140.59M
Adjusted Diluted Earnings per Share		 $0.16 $0.25 ($0.69) $0.23 ($0.76) $0.29 $0.30 ($0.62) $0.32 $0.03 $1.13
Adjusted Weighted Average Diluted Shares Outstanding		 138.99M 139.67M 138.25M 140.61M 141.87M 141.28M 141.35M 141.34M 155.48M 165.50M 164.35M
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		 138.94M 138.87M 138.17M 138.35M 142.16M 142.10M 141.36M 141.35M 141.34M 141.27M 140.60M
Normalized Net Operating Profit after Tax (NOPAT)		 26 41 -64 36 -73 33 46 -58 34 -2.79 128
Normalized NOPAT Margin		 37.91% 52.58% 0.00% 41.20% -85.69% 22.41% 59.14% 0.00% 38.99% -8.68% 72.81%
Pre Tax Income Margin		 38.08% 52.72% 0.00% 41.31% -122.41% 32.01% 59.80% 0.00% 55.69% -12.41% 104.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.28 -0.81 0.00 0.00 -0.72 0.47 0.00 2.55
NOPAT to Interest Expense		 0.00 0.00 0.00 0.28 -0.57 0.00 0.00 -0.50 0.47 0.00 2.53
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.28 -0.81 0.00 0.00 -0.72 0.47 0.00 2.55
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.28 -0.57 0.00 0.00 -0.50 0.47 0.00 2.53
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 1,680.28% -165.69% -187.72% 899.22% -225.03% 368.66% 2,814.93% 147.74% 71.33% 80.25% 69.40%
Augmented Payout Ratio		 2,055.41% -199.80% -187.72% 899.22% -225.03% 368.66% 2,814.93% 147.74% 71.33% 80.25% 69.40%

Frequently Asked Questions About Apollo Commercial Real Estate Finance's Financials

When does Apollo Commercial Real Estate Finance's fiscal year end?

According to the most recent income statement we have on file, Apollo Commercial Real Estate Finance's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Apollo Commercial Real Estate Finance's net income changed over the last 10 years?

Apollo Commercial Real Estate Finance's net income appears to be on a downward trend, with a most recent value of -$119.64 million in 2024, falling from $82.74 million in 2014. The previous period was $58.13 million in 2023. View Apollo Commercial Real Estate Finance's forecast to see where analysts expect Apollo Commercial Real Estate Finance to go next.

How has Apollo Commercial Real Estate Finance revenue changed over the last 10 years?

Over the last 10 years, Apollo Commercial Real Estate Finance's total revenue changed from $101.01 million in 2014 to $195.66 million in 2024, a change of 93.7%.

How much debt does Apollo Commercial Real Estate Finance have?

Apollo Commercial Real Estate Finance's total liabilities were at $6.54 billion at the end of 2024, a 7.8% decrease from 2023, and a 560.3% increase since 2014.

How much cash does Apollo Commercial Real Estate Finance have?

In the past 10 years, Apollo Commercial Real Estate Finance's cash and equivalents has ranged from $40.64 million in 2014 to $452.28 million in 2019, and is currently $317.40 million as of their latest financial filing in 2024.

How has Apollo Commercial Real Estate Finance's book value per share changed over the last 10 years?

Over the last 10 years, Apollo Commercial Real Estate Finance's book value per share changed from 18.25 in 2014 to 13.57 in 2024, a change of -25.7%.


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This page (NYSE:ARI) was last updated on 5/25/2025 by MarketBeat.com Staff
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