APO vs MS
Apollo Global Management, Inc. and Morgan Stanley, side by side — 6 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | APO | MS |
|---|---|---|
| Revenue | $32.0B | $70.6B |
| Net income | $3.5B | $16.9B |
| Gross margin | — | — |
| Net margin | 10.9% | 23.9% |
| Return on equity | 17.2% | 15.6% |
| Diluted EPS | $5.54 | $10.21 |
| Dividend / share | $1.99 | $3.85 |
| Payout ratio | 34.4% | 39.1% |
| Free cash flow | — | — |
| Equity | $23.3B | $111.6B |
| Net debt / equity | −0.31× | 2.06× |
| Current ratio | — | — |
| Revenue CAGR 5y | 68.6% | 7.7% |
| Profit CAGR 5y | 86.0% | 8.9% |
MS bills 2.2× the revenue of APO, and keeps more of each dollar of revenue as profit (23.9% against 10.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Advertisement
AdSense · Leaderboard 728×90 · responsive
Revenue by year
6 years side by side
| Fiscal year | APO | MS |
|---|---|---|
| FY2025 | $32.0B | $70.6B |
| FY2024 | $26.1B | $61.8B |
| FY2023 | $32.6B | $54.1B |
| FY2022 | $11.0B | $53.7B |
| FY2021 | $6.0B | $59.8B |
| FY2020 | $2.4B | $48.8B |
Net income by year
Bottom line
| Fiscal year | APO | MS |
|---|---|---|
| FY2025 | $3.5B | $16.9B |
| FY2024 | $4.6B | $13.4B |
| FY2023 | $5.0B | $9.1B |
| FY2022 | $-2.0B | $11.0B |
| FY2021 | $1.8B | $15.0B |
| FY2020 | $157.0M | $11.0B |
Advertisement
AdSense · Rectangle 336×280