Apollo Global Management, Inc. (APO)

FairStock Score: 40/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Apollo as a financial company whose economics depend on credit and private-market cycles. The franchise is large—6,140 employees and a $68.7B market value at the 2026-10-13 close—but the numbers are volatile. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $5.1B and net income was a loss of $1.9B, or diluted EPS of -$3.27. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $11.2B, net income $1.4B, and diluted EPS $2.15, against fiscal Q2 2025, the quarter ended 2025-06-30, with revenue $6.8B, net income $630.0M, and diluted EPS $0.99. That rebound is real, but full-year results have weakened: FY2025 ended 2025-12-31 earned $3.5B, or $5.54 per diluted share, down from FY2024 ended 2024-12-31 at $4.6B and $7.33, and FY2023 ended 2023-12-31 at $5.0B and $8.28. FairStock labels it a TURNAROUND because it returned to profit after a loss within the last three years. The cash generation is attractive—$9.5B trailing FCF and a 13.8% FCF yield—and Piotroski is 8/9. But ROCE is only 0.94%, Altman Z is -0.05, and D/E is 1.01, so this is not a fortress balance sheet. At $116.28, FairStock's P/E is 41.38 and P/B is 3.42, while the Graham Number is $48.02 with a -142.15% margin of safety. PEG of 0.36 and EV/EBITDA of 5.84 suggest some valuation support if growth persists. I would require clear proof that fiscal Q2 2026, the quarter ended 2026-06-30, is the run rate, not a bounce, before trusting the earnings multiple.

In plain English: Apollo is a large investment firm that manages money in credit, private equity, real estate and similar areas. Its latest quarter was much stronger than a year earlier, but results are uneven and it posted a loss earlier in 2026. At the recent price, the shares look expensive relative to reported earnings and net assets, though the business throws off a lot of cash.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer