APO vs BLK
Apollo Global Management, Inc. and BlackRock, Inc., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | APO | BLK |
|---|---|---|
| Revenue | $32.0B | $24.2B |
| Net income | $3.5B | $5.6B |
| Gross margin | · | · |
| Net margin | 16.9% | 24.5% |
| Return on equity | 17.2% | 10.7% |
| Diluted EPS | $5.54 | $35.31 |
| Dividend / share | $1.99 | $20.84 |
| Payout ratio | 34.4% | · |
| Free cash flow | · | $3.6B |
| Equity | $23.3B | $55.9B |
| Net debt / equity | −0.31× | 0.02× |
| Current ratio | · | · |
| Revenue CAGR 5y | 68.6% | 8.4% |
| Profit CAGR 5y | 86.0% | 2.4% |
APO bills 1.3× the revenue of BLK, and BLK keeps more of each dollar of revenue as profit (24.5% against 16.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
6 years side by side
| Fiscal year | APO | BLK |
|---|---|---|
| FY2025 | $32.0B | $24.2B |
| FY2024 | $26.1B | $20.4B |
| FY2023 | $32.6B | $17.9B |
| FY2022 | $11.0B | $17.9B |
| FY2021 | $6.0B | $19.4B |
| FY2020 | $2.4B | $16.2B |
Bottom line
| Fiscal year | APO | BLK |
|---|---|---|
| FY2025 | $3.5B | $5.6B |
| FY2024 | $4.6B | $6.4B |
| FY2023 | $5.0B | $5.5B |
| FY2022 | $-2.0B | $5.2B |
| FY2021 | $1.8B | $5.9B |
| FY2020 | $157.0M | $4.9B |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$7,833,000,000 | APO |
| FY2024 | +$5,707,000,000 | APO |
| FY2023 | +$14,785,000,000 | APO |
| FY2022 | −$6,905,000,000 | BLK |
| FY2021 | −$13,423,000,000 | BLK |
| FY2020 | −$13,851,000,000 | BLK |
The higher-revenue side has changed between APO and BLK over this period. The gap has narrowed since the earliest year compared.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.7 pp | BLK |
| FY2024 | −7.5 pp | BLK |
| FY2023 | −11.8 pp | BLK |
| FY2022 | −59.9 pp | BLK |
| FY2021 | +39.7 pp | APO |
| FY2020 | −12.8 pp | BLK |
The higher net margin has changed hands between APO and BLK over this period.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
APO's net margin has been more volatile than BLK's over the 6 comparable fiscal years — 30.0 percentage points of standard deviation against 2.9.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between APO and BLK over these 6 fiscal years — APO led in 1 and BLK in 5.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
APO's return on equity has been more volatile than BLK's over the 5 comparable fiscal years — 31.8 percentage points of standard deviation against 1.8.
5 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between APO and BLK over these 5 fiscal years — APO led in 4 and BLK in 1.
5 of 19 comparable fiscal years — a year missing data on either side is not counted.