APO vs KKR
Apollo Global Management, Inc. and KKR & Co. Inc., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | APO | KKR |
|---|---|---|
| Revenue | $32.0B | $19.5B |
| Net income | $3.5B | $2.4B |
| Gross margin | · | · |
| Net margin | 16.9% | 31.6% |
| Return on equity | 17.2% | 8.7% |
| Diluted EPS | $5.54 | · |
| Dividend / share | $1.99 | $0.73 |
| Payout ratio | 34.4% | 27.4% |
| Free cash flow | · | · |
| Equity | $23.3B | $30.9B |
| Net debt / equity | −0.31× | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 68.6% | 35.7% |
| Profit CAGR 5y | 86.0% | 3.4% |
APO bills 1.6× the revenue of KKR, and KKR keeps more of each dollar of revenue as profit (31.6% 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 | KKR |
|---|---|---|
| FY2025 | $32.0B | $19.5B |
| FY2024 | $26.1B | $21.9B |
| FY2023 | $32.6B | $14.5B |
| FY2022 | $11.0B | $5.7B |
| FY2021 | $6.0B | $16.2B |
| FY2020 | $2.4B | $4.2B |
Bottom line
| Fiscal year | APO | KKR |
|---|---|---|
| FY2025 | $3.5B | $2.4B |
| FY2024 | $4.6B | $3.1B |
| FY2023 | $5.0B | $3.7B |
| FY2022 | $-2.0B | $-521.7M |
| FY2021 | $1.8B | $4.7B |
| FY2020 | $157.0M | $2.0B |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$12,584,693,000 | APO |
| FY2024 | +$4,235,302,000 | APO |
| FY2023 | +$18,144,688,000 | APO |
| FY2022 | +$5,263,820,000 | APO |
| FY2021 | −$10,275,040,000 | KKR |
| FY2020 | −$1,876,891,000 | KKR |
The higher-revenue side has changed between APO and KKR over this period. The gap has widened since the earliest year compared.
6 of 13 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −14.7 pp | KKR |
| FY2024 | +2.0 pp | APO |
| FY2023 | −17.0 pp | KKR |
| FY2022 | −24.7 pp | KKR |
| FY2021 | −5.0 pp | KKR |
| FY2020 | −101.1 pp | KKR |
The higher net margin has changed hands between APO and KKR over this period.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KKR's net margin has been more volatile than APO's over the 6 comparable fiscal years — 41.3 percentage points of standard deviation against 30.0.
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 KKR over these 6 fiscal years — APO led in 1 and KKR 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 KKR's over the 5 comparable fiscal years — 31.8 percentage points of standard deviation against 10.9.
5 of 9 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 KKR over these 5 fiscal years — APO led in 4 and KKR in 1.
5 of 9 comparable fiscal years — a year missing data on either side is not counted.