Apollo Global Management, Inc. (NYSE:APO) Q3 2024 Earnings Overview

Apollo Global Management, Inc. (NYSE: APO) is a leading global alternative investment manager, specializing in private equity, credit, and real assets. Competing with major firms like Blackstone and KKR, Apollo leverages its expertise and broad origination capabilities to offer a range of investment strategies to its clients.

On May 2, 2025, APO reported earnings per share (EPS) of $1.82, slightly missing the estimated $1.84. Despite this, the company generated a revenue of approximately $5.55 billion, surpassing the estimated $4.41 billion. This revenue growth highlights Apollo's strong performance in its Asset Management division, where it achieved record organic inflows and robust origination volume.

Apollo's Retirement Services sector also contributed to its financial success. The company accelerated new business growth and invested conservatively to capitalize on widening spreads. This strategic approach allowed Apollo to maintain solid investment performance across all major strategies, as emphasized by CEO Marc Rowan.

The company's financial metrics provide further insight into its market valuation. With a price-to-earnings (P/E) ratio of approximately 17.21, the market values Apollo's earnings favorably. The price-to-sales ratio of about 2.95 and enterprise value to sales ratio of 2.74 reflect the market's positive view of its revenue and total value.

Apollo's financial health is supported by its debt-to-equity ratio of approximately 0.61, indicating a balanced use of debt and equity to finance its assets. However, the current ratio of around 0.80 suggests a need for improvement in covering short-term liabilities with short-term assets. Despite this, Apollo's significant dry powder and robust pipeline position it well to navigate market volatility.

Apollo Global Management, Inc. (NYSE: APO) is a leading global alternative investment manager, specializing in private equity, credit, and real assets. Competing with major firms like Blackstone and KKR, Apollo leverages its expertise and broad origination capabilities to offer a range of investment strategies to its clients.

On May 2, 2025, APO reported earnings per share (EPS) of $1.82, slightly missing the estimated $1.84. Despite this, the company generated a revenue of approximately $5.55 billion, surpassing the estimated $4.41 billion. This revenue growth highlights Apollo's strong performance in its Asset Management division, where it achieved record organic inflows and robust origination volume.

Apollo's Retirement Services sector also contributed to its financial success. The company accelerated new business growth and invested conservatively to capitalize on widening spreads. This strategic approach allowed Apollo to maintain solid investment performance across all major strategies, as emphasized by CEO Marc Rowan.

The company's financial metrics provide further insight into its market valuation. With a price-to-earnings (P/E) ratio of approximately 17.21, the market values Apollo's earnings favorably. The price-to-sales ratio of about 2.95 and enterprise value to sales ratio of 2.74 reflect the market's positive view of its revenue and total value.

Apollo's financial health is supported by its debt-to-equity ratio of approximately 0.61, indicating a balanced use of debt and equity to finance its assets. However, the current ratio of around 0.80 suggests a need for improvement in covering short-term liabilities with short-term assets. Despite this, Apollo's significant dry powder and robust pipeline position it well to navigate market volatility.

• Apollo Global Management, Inc. (NYSE:APO) is expected to report earnings per share (EPS) of $1.85 and projected revenue of approximately $965 million.
• The company's price-to-earnings (P/E) ratio is approximately 17.41, with a price-to-sales ratio of about 2.98.
• Apollo's debt-to-equity ratio stands at approximately 0.61, indicating a balanced use of debt in financing its assets.

Apollo Global Management, Inc. (NYSE:APO) is a leading global alternative asset manager, offering a diverse range of investment opportunities, including investment-grade credit and private equity. With over three decades of experience, Apollo is renowned for providing innovative capital solutions to meet the financial return needs of its clients. The firm is eagerly anticipated to release its quarterly earnings on May 2, 2025.

Wall Street estimates suggest that Apollo's earnings per share (EPS) will be $1.85, with projected revenue of approximately $965 million. In the previous quarter, Apollo exceeded the Zacks Consensus Estimate, driven by increased assets under management (AUM) and reduced expenses. However, lower revenues posed challenges. Over the past four quarters, Apollo has surpassed earnings expectations twice, with an average earnings surprise of 2.69%.

Apollo's financial metrics offer valuable insights into its market valuation. The company's price-to-earnings (P/E) ratio is approximately 17.41, indicating how the market values its earnings. The price-to-sales ratio stands at about 2.98, reflecting the market's valuation of its revenue. Additionally, the enterprise value to sales ratio is around 2.77, suggesting how the company's total value compares to its sales.

The company's financial health is further highlighted by its debt-to-equity ratio of approximately 0.61, showing the proportion of debt used to finance its assets relative to shareholders' equity. The current ratio is around 0.80, indicating Apollo's ability to cover its short-term liabilities with its short-term assets. Despite potential higher expenses impacting earnings, the growth in AUM remains a positive factor for the upcoming quarter.

• Apollo Global Management, Inc. (NYSE:APO) is expected to report earnings per share (EPS) of $1.85 and projected revenue of approximately $965 million.
• The company's price-to-earnings (P/E) ratio is approximately 17.41, with a price-to-sales ratio of about 2.98.
• Apollo's debt-to-equity ratio stands at approximately 0.61, indicating a balanced use of debt in financing its assets.

Apollo Global Management, Inc. (NYSE:APO) is a leading global alternative asset manager, offering a diverse range of investment opportunities, including investment-grade credit and private equity. With over three decades of experience, Apollo is renowned for providing innovative capital solutions to meet the financial return needs of its clients. The firm is eagerly anticipated to release its quarterly earnings on May 2, 2025.

Wall Street estimates suggest that Apollo's earnings per share (EPS) will be $1.85, with projected revenue of approximately $965 million. In the previous quarter, Apollo exceeded the Zacks Consensus Estimate, driven by increased assets under management (AUM) and reduced expenses. However, lower revenues posed challenges. Over the past four quarters, Apollo has surpassed earnings expectations twice, with an average earnings surprise of 2.69%.

Apollo's financial metrics offer valuable insights into its market valuation. The company's price-to-earnings (P/E) ratio is approximately 17.41, indicating how the market values its earnings. The price-to-sales ratio stands at about 2.98, reflecting the market's valuation of its revenue. Additionally, the enterprise value to sales ratio is around 2.77, suggesting how the company's total value compares to its sales.

The company's financial health is further highlighted by its debt-to-equity ratio of approximately 0.61, showing the proportion of debt used to finance its assets relative to shareholders' equity. The current ratio is around 0.80, indicating Apollo's ability to cover its short-term liabilities with its short-term assets. Despite potential higher expenses impacting earnings, the growth in AUM remains a positive factor for the upcoming quarter.

Raymond James started coverage on Apollo Global Management (NYSE:APO) with a Strong Buy rating and a $173 price target, highlighting the recent decline in the stock as a compelling entry point for investors.

Despite a 22% drop year-to-date, analysts see Apollo as well-positioned for robust long-term growth, citing its targeted 15% annual EPS increase through 2029. Key contributors to that trajectory include accelerating inflows from global wealth and retirement services, along with potential upside from acquisitions and new product launches.

Apollo is expected to ramp global wealth flows to $20 billion annually by 2025–2026, a sharp rise from $12 billion in 2024, and is aiming for a $30 billion annual average through 2029. The firm’s newly introduced asset-backed credit offerings are also gaining traction, with analysts noting growing interest from wealth clients for yield-generating, collateralized investments.

Additionally, Apollo’s retirement services segment continues to deliver, with projected flows exceeding $75 billion annually in the next two years. Although the firm has temporarily stepped back from the pension risk transfer market due to ongoing legal issues, Raymond James believes Apollo remains well placed to re-enter and expand its presence once conditions stabilize.

Raymond James started coverage on Apollo Global Management (NYSE:APO) with a Strong Buy rating and a $173 price target, highlighting the recent decline in the stock as a compelling entry point for investors.

Despite a 22% drop year-to-date, analysts see Apollo as well-positioned for robust long-term growth, citing its targeted 15% annual EPS increase through 2029. Key contributors to that trajectory include accelerating inflows from global wealth and retirement services, along with potential upside from acquisitions and new product launches.

Apollo is expected to ramp global wealth flows to $20 billion annually by 2025–2026, a sharp rise from $12 billion in 2024, and is aiming for a $30 billion annual average through 2029. The firm’s newly introduced asset-backed credit offerings are also gaining traction, with analysts noting growing interest from wealth clients for yield-generating, collateralized investments.

Additionally, Apollo’s retirement services segment continues to deliver, with projected flows exceeding $75 billion annually in the next two years. Although the firm has temporarily stepped back from the pension risk transfer market due to ongoing legal issues, Raymond James believes Apollo remains well placed to re-enter and expand its presence once conditions stabilize.

Apollo Global Management, Inc. (NYSE:APO) is a leading global alternative investment manager, specializing in private equity, credit, and real estate investments. Competing with major firms like Blackstone and KKR, Apollo reported its fourth-quarter earnings on February 4, 2025, showcasing a strong financial performance.

APO reported earnings per share of $2.22, surpassing the estimated $1.92. This positive outcome is attributed to an increase in assets under management (AUM) and reduced expenses. The company's strategic focus on growing its retirement business and enhancing fee structures contributed significantly to this earnings beat.

The company also reported revenue of $955 million, slightly exceeding the estimated $952.5 million. Despite this, Apollo faced a year-over-year decline in revenues, which remains a concern. However, the robust performance in its retirement business and effective management strategies helped mitigate the impact of declining revenues.

Apollo's financial metrics provide further insight into its performance. The company has a price-to-earnings (P/E) ratio of 16.27, indicating the market's valuation of its earnings. Its price-to-sales ratio is 2.89, suggesting how much investors are willing to pay per dollar of sales. The enterprise value to sales ratio is 2.67, highlighting its valuation relative to revenue.

The company's financial health is also reflected in its debt-to-equity ratio of 0.55, indicating a moderate level of debt relative to equity. However, the current ratio of 0.06 may suggest liquidity challenges in meeting short-term obligations. Despite these challenges, Apollo's earnings yield of 6.14% provides insight into the return on investment, showcasing its potential for investors.