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BAM vs APO
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management - Global
BAM vs APO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Asset Management - Global |
| Market Cap | $81.63B | $74.68B |
| Revenue (TTM) | $3.98B | $30.30B |
| Net Income (TTM) | $2.60B | $4.48B |
| Gross Margin | 71.0% | 88.5% |
| Operating Margin | 69.4% | 34.4% |
| Forward P/E | 26.3x | 14.6x |
| Total Debt | $219M | $13.36B |
| Cash & Equiv. | $12M | $19.24B |
BAM vs APO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 22 | May 26 | Return |
|---|---|---|---|
| Brookfield Asset Ma… (BAM) | 100 | 169.6 | +69.6% |
| Apollo Global Manag… (APO) | 100 | 203.1 | +103.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BAM vs APO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BAM is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 1.50, Low D/E 6.7%, current ratio 0.88x
- Efficiency ratio 0.0% vs APO's 0.5% (lower = leaner)
- Efficiency ratio 0.0% vs APO's 0.5%
APO carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 3 yrs, beta 1.43, yield 1.6%
- Rev growth 16.0%, EPS growth -1.0%
- 7.7% 10Y total return vs BAM's 67.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 16.0% NII/revenue growth vs BAM's -2.0% | |
| Value | Lower P/E (14.6x vs 26.3x) | |
| Quality / Margins | Efficiency ratio 0.0% vs APO's 0.5% (lower = leaner) | |
| Stability / Safety | Beta 1.43 vs BAM's 1.50 | |
| Dividends | 1.6% yield, 3-year raise streak, vs BAM's 0.8% | |
| Momentum (1Y) | +1.7% vs BAM's -8.3% | |
| Efficiency (ROA) | Efficiency ratio 0.0% vs APO's 0.5% |
BAM vs APO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
BAM vs APO — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BAM leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
APO is the larger business by revenue, generating $30.3B annually — 7.6x BAM's $4.0B. BAM is the more profitable business, keeping 54.5% of every revenue dollar as net income compared to APO's 14.8%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $4.0B | $30.3B |
| EBITDAEarnings before interest/tax | $3.0B | $11.5B |
| Net IncomeAfter-tax profit | $2.6B | $4.5B |
| Free Cash FlowCash after capex | $1.9B | $5.4B |
| Gross MarginGross profit ÷ Revenue | +71.0% | +88.5% |
| Operating MarginEBIT ÷ Revenue | +69.4% | +34.4% |
| Net MarginNet income ÷ Revenue | +54.5% | +14.8% |
| FCF MarginFCF ÷ Revenue | +15.8% | +24.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +44.8% | +16.3% |
Valuation Metrics
APO leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 17.8x trailing earnings, APO trades at a 53% valuation discount to BAM's 38.0x P/E. On an enterprise value basis, APO's 6.0x EV/EBITDA is more attractive than BAM's 29.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $81.6B | $74.7B |
| Enterprise ValueMkt cap + debt − cash | $81.8B | $68.8B |
| Trailing P/EPrice ÷ TTM EPS | 38.00x | 17.84x |
| Forward P/EPrice ÷ next-FY EPS est. | 26.31x | 14.62x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.24x |
| EV / EBITDAEnterprise value multiple | 29.48x | 6.00x |
| Price / SalesMarket cap ÷ Revenue | 20.51x | 2.46x |
| Price / BookPrice ÷ Book value/share | 24.90x | 1.85x |
| Price / FCFMarket cap ÷ FCF | 130.19x | 10.02x |
Profitability & Efficiency
BAM leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
BAM delivers a 24.4% return on equity — every $100 of shareholder capital generates $24 in annual profit, vs $12 for APO. BAM carries lower financial leverage with a 0.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to APO's 0.31x. On the Piotroski fundamental quality scale (0–9), BAM scores 4/9 vs APO's 3/9, reflecting mixed financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +24.4% | +12.1% |
| ROA (TTM)Return on assets | +15.8% | +1.0% |
| ROICReturn on invested capital | +71.0% | +16.0% |
| ROCEReturn on capital employed | +103.0% | +8.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 |
| Debt / EquityFinancial leverage | 0.07x | 0.31x |
| Net DebtTotal debt minus cash | $207M | -$5.9B |
| Cash & Equiv.Liquid assets | $12M | $19.2B |
| Total DebtShort + long-term debt | $219M | $13.4B |
| Interest CoverageEBIT ÷ Interest expense | 9.00x | 28.98x |
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 $24,242 today (with dividends reinvested), compared to $16,777 for BAM. Over the past 12 months, APO leads with a +1.7% total return vs BAM's -8.3%. The 3-year compound annual growth rate (CAGR) favors APO at 29.8% vs BAM's 17.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -8.1% | -11.3% |
| 1-Year ReturnPast 12 months | -8.3% | +1.7% |
| 3-Year ReturnCumulative with dividends | +62.0% | +118.6% |
| 5-Year ReturnCumulative with dividends | +67.8% | +142.4% |
| 10-Year ReturnCumulative with dividends | +67.8% | +768.9% |
| CAGR (3Y)Annualised 3-year return | +17.4% | +29.8% |
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 BAM's 1.50 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. APO currently trades 82.4% from its 52-week high vs BAM's 75.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.50x | 1.43x |
| 52-Week HighHighest price in past year | $64.10 | $157.28 |
| 52-Week LowLowest price in past year | $42.20 | $99.56 |
| % of 52W HighCurrent price vs 52-week peak | +75.9% | +82.4% |
| RSI (14)Momentum oscillator 0–100 | 58.6 | 66.7 |
| Avg Volume (50D)Average daily shares traded | 3.6M | 5.2M |
Analyst Outlook
APO leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BAM as "Buy" and APO as "Buy". Consensus price targets imply 27.1% upside for BAM (target: $62) vs 21.4% for APO (target: $157). For income investors, APO offers the higher dividend yield at 1.65% vs BAM's 0.77%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $61.83 | $157.25 |
| # AnalystsCovering analysts | 20 | 28 |
| Dividend YieldAnnual dividend ÷ price | +0.8% | +1.6% |
| Dividend StreakConsecutive years of raises | 1 | 3 |
| Dividend / ShareAnnual DPS | $0.38 | $2.14 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | +1.0% |
APO leads in 4 of 6 categories (Valuation Metrics, Total Returns). BAM leads in 2 (Income & Cash Flow, Profitability & Efficiency).
BAM vs APO: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BAM or APO a better buy right now?
For growth investors, Apollo Global Management, Inc.
(APO) is the stronger pick with 16. 0% revenue growth year-over-year, versus -2. 0% for Brookfield Asset Management Ltd. (BAM). Apollo Global Management, Inc. (APO) offers the better valuation at 17. 8x trailing P/E (14. 6x forward), making it the more compelling value choice. Analysts rate Brookfield Asset Management Ltd. (BAM) a "Buy" — based on 20 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 — BAM or APO?
On trailing P/E, Apollo Global Management, Inc.
(APO) is the cheapest at 17. 8x versus Brookfield Asset Management Ltd. at 38. 0x. On forward P/E, Apollo Global Management, Inc. is actually cheaper at 14. 6x.
03Which is the better long-term investment — BAM or APO?
Over the past 5 years, Apollo Global Management, Inc.
(APO) delivered a total return of +142. 4%, compared to +67. 8% for Brookfield Asset Management Ltd. (BAM). Over 10 years, the gap is even starker: APO returned +768. 9% versus BAM's +67. 8%. 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 — BAM or APO?
By beta (market sensitivity over 5 years), Apollo Global Management, Inc.
(APO) is the lower-risk stock at 1. 43β versus Brookfield Asset Management Ltd. 's 1. 50β — meaning BAM is approximately 5% more volatile than APO relative to the S&P 500. On balance sheet safety, Brookfield Asset Management Ltd. (BAM) carries a lower debt/equity ratio of 7% versus 31% for Apollo Global Management, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BAM or APO?
By revenue growth (latest reported year), Apollo Global Management, Inc.
(APO) is pulling ahead at 16. 0% versus -2. 0% for Brookfield Asset Management Ltd. (BAM). On earnings-per-share growth, the picture is similar: Brookfield Asset Management Ltd. grew EPS 10. 5% year-over-year, compared to -1. 0% 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 — BAM or APO?
Brookfield Asset Management Ltd.
(BAM) is the more profitable company, earning 54. 5% net margin versus 14. 8% for Apollo Global Management, Inc. — meaning it keeps 54. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BAM leads at 69. 4% versus 34. 4% for APO. At the gross margin level — before operating expenses — APO leads at 88. 5%, 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 BAM or APO more undervalued right now?
On forward earnings alone, Apollo Global Management, Inc.
(APO) trades at 14. 6x forward P/E versus 26. 3x for Brookfield Asset Management Ltd. — 11. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BAM: 27. 1% to $61. 83.
08Which pays a better dividend — BAM or APO?
All stocks in this comparison pay dividends.
Apollo Global Management, Inc. (APO) offers the highest yield at 1. 6%, versus 0. 8% for Brookfield Asset Management Ltd. (BAM).
09Is BAM or APO 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. 6% yield, +768. 9% 10Y return). Both have compounded well over 10 years (APO: +768. 9%, BAM: +67. 8%), 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 BAM and APO?
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: BAM is a mid-cap quality compounder stock; APO 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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