Asset Management - Global
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APO vs TPG
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
APO vs TPG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management - Global | Asset Management |
| Market Cap | $73.98B | $17.48B |
| Revenue (TTM) | $26.11B | $4.67B |
| Net Income (TTM) | $4.23B | $18M |
| Gross Margin | 95.6% | 96.9% |
| Operating Margin | 31.8% | 14.7% |
| Forward P/E | 14.7x | 16.5x |
| Total Debt | $10.59B | $1.72B |
| Cash & Equiv. | $16.17B | $826M |
APO vs TPG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jan 22 | May 26 | Return |
|---|---|---|---|
| Apollo Global Manag… (APO) | 100 | 186.1 | +86.1% |
| TPG Inc. (TPG) | 100 | 135.9 | +35.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: APO vs TPG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
APO carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 2 yrs, beta 1.43, yield 1.4%
- 8.0% 10Y total return vs TPG's 53.9%
- Lower volatility, beta 1.43, Low D/E 34.2%, current ratio 0.80x
TPG is the clearest fit if your priority is growth exposure.
- Rev growth 77.9%, EPS growth 17.8%
- 77.9% NII/revenue growth vs APO's -20.0%
- 17.6% yield, 2-year raise streak, vs APO's 1.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 77.9% NII/revenue growth vs APO's -20.0% | |
| Value | Lower P/E (14.7x vs 16.5x) | |
| Quality / Margins | Efficiency ratio 0.6% vs TPG's 0.8% (lower = leaner) | |
| Stability / Safety | Beta 1.43 vs TPG's 1.61, lower leverage | |
| Dividends | 17.6% yield, 2-year raise streak, vs APO's 1.4% | |
| Momentum (1Y) | +1.1% vs APO's -1.2% | |
| Efficiency (ROA) | Efficiency ratio 0.6% vs TPG's 0.8% |
APO vs TPG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
APO vs TPG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — APO and TPG each lead in 2 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
APO is the larger business by revenue, generating $26.1B annually — 5.6x TPG's $4.7B. APO is the more profitable business, keeping 16.9% of every revenue dollar as net income compared to TPG's 4.0%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $26.1B | $4.7B |
| EBITDAEarnings before interest/tax | $9.4B | $611M |
| Net IncomeAfter-tax profit | $4.2B | $18M |
| Free Cash FlowCash after capex | $2.6B | $972M |
| Gross MarginGross profit ÷ Revenue | +95.6% | +96.9% |
| Operating MarginEBIT ÷ Revenue | +31.8% | +14.7% |
| Net MarginNet income ÷ Revenue | +16.9% | +4.0% |
| FCF MarginFCF ÷ Revenue | +12.5% | +21.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +115.5% | — |
Valuation Metrics
APO leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 17.8x trailing earnings, APO trades at a 53% valuation discount to TPG's 37.7x P/E. On an enterprise value basis, APO's 7.3x EV/EBITDA is more attractive than TPG's 22.3x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $74.0B | $17.5B |
| Enterprise ValueMkt cap + debt − cash | $68.4B | $18.4B |
| Trailing P/EPrice ÷ TTM EPS | 17.78x | 37.69x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.71x | 16.47x |
| PEG RatioP/E ÷ EPS growth rate | 1.22x | — |
| EV / EBITDAEnterprise value multiple | 7.30x | 22.34x |
| Price / SalesMarket cap ÷ Revenue | 2.83x | 3.75x |
| Price / BookPrice ÷ Book value/share | 2.54x | 1.68x |
| Price / FCFMarket cap ÷ FCF | 22.74x | 17.42x |
Profitability & Efficiency
APO leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
APO delivers a 10.6% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $0 for TPG. APO carries lower financial leverage with a 0.34x debt-to-equity ratio, signaling a more conservative balance sheet compared to TPG's 0.42x. On the Piotroski fundamental quality scale (0–9), TPG scores 8/9 vs APO's 2/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +10.6% | +0.4% |
| ROA (TTM)Return on assets | +0.9% | +0.1% |
| ROICReturn on invested capital | +16.6% | +9.3% |
| ROCEReturn on capital employed | +8.1% | +7.4% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 8 |
| Debt / EquityFinancial leverage | 0.34x | 0.42x |
| Net DebtTotal debt minus cash | -$5.6B | $896M |
| Cash & Equiv.Liquid assets | $16.2B | $826M |
| Total DebtShort + long-term debt | $10.6B | $1.7B |
| Interest CoverageEBIT ÷ Interest expense | 20.22x | 6.24x |
Total Returns (Dividends Reinvested)
APO leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in APO five years ago would be worth $24,613 today (with dividends reinvested), compared to $15,394 for TPG. Over the past 12 months, TPG leads with a +1.1% total return vs APO's -1.2%. The 3-year compound annual growth rate (CAGR) favors APO at 30.9% vs TPG's 24.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -10.8% | -29.7% |
| 1-Year ReturnPast 12 months | -1.2% | +1.1% |
| 3-Year ReturnCumulative with dividends | +124.5% | +91.4% |
| 5-Year ReturnCumulative with dividends | +146.1% | +53.9% |
| 10-Year ReturnCumulative with dividends | +796.0% | +53.9% |
| CAGR (3Y)Annualised 3-year return | +30.9% | +24.2% |
Risk & Volatility
APO leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
APO is the less volatile stock with a 1.43 beta — it tends to amplify market swings less than TPG's 1.61 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. APO currently trades 82.8% from its 52-week high vs TPG's 64.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.43x | 1.61x |
| 52-Week HighHighest price in past year | $157.28 | $70.38 |
| 52-Week LowLowest price in past year | $99.56 | $36.95 |
| % of 52W HighCurrent price vs 52-week peak | +82.8% | +64.8% |
| RSI (14)Momentum oscillator 0–100 | 65.4 | 59.9 |
| Avg Volume (50D)Average daily shares traded | 5.3M | 3.3M |
Analyst Outlook
TPG leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates APO as "Buy" and TPG as "Buy". Consensus price targets imply 42.5% upside for TPG (target: $65) vs 20.7% for APO (target: $157). For income investors, TPG offers the higher dividend yield at 17.63% vs APO's 1.39%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $157.25 | $65.00 |
| # AnalystsCovering analysts | 28 | 17 |
| Dividend YieldAnnual dividend ÷ price | +1.4% | +17.6% |
| Dividend StreakConsecutive years of raises | 2 | 2 |
| Dividend / ShareAnnual DPS | $1.81 | $8.04 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.2% | 0.0% |
APO leads in 4 of 6 categories (Valuation Metrics, Profitability & Efficiency). TPG leads in 1 (Analyst Outlook). 1 tied.
APO vs TPG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is APO or TPG a better buy right now?
For growth investors, TPG Inc.
(TPG) is the stronger pick with 77. 9% revenue growth year-over-year, versus -20. 0% for Apollo Global Management, Inc. (APO). Apollo Global Management, Inc. (APO) offers the better valuation at 17. 8x trailing P/E (14. 7x forward), making it the more compelling value choice. Analysts rate Apollo Global Management, Inc. (APO) a "Buy" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — APO or TPG?
On trailing P/E, Apollo Global Management, Inc.
(APO) is the cheapest at 17. 8x versus TPG Inc. at 37. 7x. On forward P/E, Apollo Global Management, Inc. is actually cheaper at 14. 7x.
03Which is the better long-term investment — APO or TPG?
Over the past 5 years, Apollo Global Management, Inc.
(APO) delivered a total return of +146. 1%, compared to +53. 9% for TPG Inc. (TPG). Over 10 years, the gap is even starker: APO returned +796. 0% versus TPG's +53. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — APO or TPG?
By beta (market sensitivity over 5 years), Apollo Global Management, Inc.
(APO) is the lower-risk stock at 1. 43β versus TPG Inc. 's 1. 61β — meaning TPG is approximately 12% more volatile than APO relative to the S&P 500. On balance sheet safety, Apollo Global Management, Inc. (APO) carries a lower debt/equity ratio of 34% versus 42% for TPG Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — APO or TPG?
By revenue growth (latest reported year), TPG Inc.
(TPG) is pulling ahead at 77. 9% versus -20. 0% for Apollo Global Management, Inc. (APO). On earnings-per-share growth, the picture is similar: TPG Inc. grew EPS 1779% year-over-year, compared to -11. 5% for Apollo Global Management, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — APO or TPG?
Apollo Global Management, Inc.
(APO) is the more profitable company, earning 16. 9% net margin versus 4. 0% for TPG Inc. — meaning it keeps 16. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: APO leads at 31. 8% versus 14. 7% for TPG. At the gross margin level — before operating expenses — TPG leads at 96. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is APO or TPG more undervalued right now?
On forward earnings alone, Apollo Global Management, Inc.
(APO) trades at 14. 7x forward P/E versus 16. 5x for TPG Inc. — 1. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPG: 42. 5% to $65. 00.
08Which pays a better dividend — APO or TPG?
All stocks in this comparison pay dividends.
TPG Inc. (TPG) offers the highest yield at 17. 6%, versus 1. 4% for Apollo Global Management, Inc. (APO).
09Is APO or TPG better for a retirement portfolio?
For long-horizon retirement investors, Apollo Global Management, Inc.
(APO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (1. 4% yield, +796. 0% 10Y return). TPG Inc. (TPG) carries a higher beta of 1. 61 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (APO: +796. 0%, TPG: +53. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between APO and TPG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: APO is a mid-cap deep-value stock; TPG is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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