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OWL vs APO
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management - Global
OWL vs APO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Asset Management - Global |
| Market Cap | $16.48B | $74.68B |
| Revenue (TTM) | $2.87B | $30.30B |
| Net Income (TTM) | $87M | $4.48B |
| Gross Margin | 55.4% | 88.5% |
| Operating Margin | 21.9% | 34.4% |
| Forward P/E | 11.9x | 14.6x |
| Total Debt | $3.86B | $13.36B |
| Cash & Equiv. | $195M | $19.24B |
OWL vs APO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 20 | May 26 | Return |
|---|---|---|---|
| Blue Owl Capital In… (OWL) | 100 | 92.6 | -7.4% |
| Apollo Global Manag… (APO) | 100 | 264.5 | +164.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OWL vs APO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
OWL carries the broadest edge in this set and is the clearest fit for growth exposure and defensive.
- Rev growth 25.0%, EPS growth -40.0%
- Beta 1.64, yield 7.8%, current ratio 0.95x
- 25.0% NII/revenue growth vs APO's 16.0%
APO is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 3 yrs, beta 1.43, yield 1.6%
- 7.7% 10Y total return vs OWL's 31.5%
- Lower volatility, beta 1.43, Low D/E 31.4%, current ratio 0.78x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 25.0% NII/revenue growth vs APO's 16.0% | |
| Value | Lower P/E (11.9x vs 14.6x) | |
| Quality / Margins | Efficiency ratio 0.3% vs APO's 0.5% (lower = leaner) | |
| Stability / Safety | Beta 1.43 vs OWL's 1.64, lower leverage | |
| Dividends | 7.8% yield, 1-year raise streak, vs APO's 1.6% | |
| Momentum (1Y) | +1.7% vs OWL's -35.9% | |
| Efficiency (ROA) | Efficiency ratio 0.3% vs APO's 0.5% |
OWL vs APO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
OWL 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)
APO leads this category, winning 3 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
APO is the larger business by revenue, generating $30.3B annually — 10.6x OWL's $2.9B. APO is the more profitable business, keeping 14.8% of every revenue dollar as net income compared to OWL's 2.7%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.9B | $30.3B |
| EBITDAEarnings before interest/tax | $1.0B | $11.5B |
| Net IncomeAfter-tax profit | $87M | $4.5B |
| Free Cash FlowCash after capex | $1.3B | $5.4B |
| Gross MarginGross profit ÷ Revenue | +55.4% | +88.5% |
| Operating MarginEBIT ÷ Revenue | +21.9% | +34.4% |
| Net MarginNet income ÷ Revenue | +2.7% | +14.8% |
| FCF MarginFCF ÷ Revenue | +41.7% | +24.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | — | +16.3% |
Valuation Metrics
APO leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 17.8x trailing earnings, APO trades at a 80% valuation discount to OWL's 87.8x P/E. On an enterprise value basis, APO's 6.0x EV/EBITDA is more attractive than OWL's 19.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $16.5B | $74.7B |
| Enterprise ValueMkt cap + debt − cash | $20.1B | $68.8B |
| Trailing P/EPrice ÷ TTM EPS | 87.83x | 17.84x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.90x | 14.62x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.24x |
| EV / EBITDAEnterprise value multiple | 19.85x | 6.00x |
| Price / SalesMarket cap ÷ Revenue | 5.74x | 2.46x |
| Price / BookPrice ÷ Book value/share | 1.16x | 1.85x |
| Price / FCFMarket cap ÷ FCF | 13.75x | 10.02x |
Profitability & Efficiency
APO leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
APO delivers a 12.1% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $1 for OWL. APO carries lower financial leverage with a 0.31x debt-to-equity ratio, signaling a more conservative balance sheet compared to OWL's 0.64x. On the Piotroski fundamental quality scale (0–9), OWL scores 4/9 vs APO's 3/9, reflecting mixed financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +1.4% | +12.1% |
| ROA (TTM)Return on assets | +0.7% | +1.0% |
| ROICReturn on invested capital | +5.0% | +16.0% |
| ROCEReturn on capital employed | +5.7% | +8.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 |
| Debt / EquityFinancial leverage | 0.64x | 0.31x |
| Net DebtTotal debt minus cash | $3.7B | -$5.9B |
| Cash & Equiv.Liquid assets | $195M | $19.2B |
| Total DebtShort + long-term debt | $3.9B | $13.4B |
| Interest CoverageEBIT ÷ Interest expense | 3.45x | 28.98x |
Total Returns (Dividends Reinvested)
APO leads this category, winning 6 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 $13,437 for OWL. Over the past 12 months, APO leads with a +1.7% total return vs OWL's -35.9%. The 3-year compound annual growth rate (CAGR) favors APO at 29.8% vs OWL's 7.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -29.7% | -11.3% |
| 1-Year ReturnPast 12 months | -35.9% | +1.7% |
| 3-Year ReturnCumulative with dividends | +23.6% | +118.6% |
| 5-Year ReturnCumulative with dividends | +34.4% | +142.4% |
| 10-Year ReturnCumulative with dividends | +31.5% | +768.9% |
| CAGR (3Y)Annualised 3-year return | +7.3% | +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 OWL's 1.64 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 OWL's 50.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.64x | 1.43x |
| 52-Week HighHighest price in past year | $21.08 | $157.28 |
| 52-Week LowLowest price in past year | $7.96 | $99.56 |
| % of 52W HighCurrent price vs 52-week peak | +50.0% | +82.4% |
| RSI (14)Momentum oscillator 0–100 | 67.5 | 66.7 |
| Avg Volume (50D)Average daily shares traded | 33.0M | 5.2M |
Analyst Outlook
Evenly matched — OWL and APO each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates OWL as "Buy" and APO as "Buy". Consensus price targets imply 49.7% upside for OWL (target: $16) vs 21.4% for APO (target: $157). For income investors, OWL offers the higher dividend yield at 7.80% vs APO's 1.65%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $15.78 | $157.25 |
| # AnalystsCovering analysts | 19 | 28 |
| Dividend YieldAnnual dividend ÷ price | +7.8% | +1.6% |
| Dividend StreakConsecutive years of raises | 1 | 3 |
| Dividend / ShareAnnual DPS | $0.82 | $2.14 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | +1.0% |
APO leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
OWL vs APO: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is OWL or APO a better buy right now?
For growth investors, Blue Owl Capital Inc.
(OWL) is the stronger pick with 25. 0% revenue growth year-over-year, versus 16. 0% for Apollo Global Management, Inc. (APO). 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 Blue Owl Capital Inc. (OWL) a "Buy" — based on 19 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 — OWL or APO?
On trailing P/E, Apollo Global Management, Inc.
(APO) is the cheapest at 17. 8x versus Blue Owl Capital Inc. at 87. 8x. On forward P/E, Blue Owl Capital Inc. is actually cheaper at 11. 9x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — OWL or APO?
Over the past 5 years, Apollo Global Management, Inc.
(APO) delivered a total return of +142. 4%, compared to +34. 4% for Blue Owl Capital Inc. (OWL). Over 10 years, the gap is even starker: APO returned +768. 9% versus OWL's +31. 5%. 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 — OWL or APO?
By beta (market sensitivity over 5 years), Apollo Global Management, Inc.
(APO) is the lower-risk stock at 1. 43β versus Blue Owl Capital Inc. 's 1. 64β — meaning OWL is approximately 15% 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 31% versus 64% for Blue Owl Capital Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — OWL or APO?
By revenue growth (latest reported year), Blue Owl Capital Inc.
(OWL) is pulling ahead at 25. 0% versus 16. 0% for Apollo Global Management, Inc. (APO). On earnings-per-share growth, the picture is similar: Apollo Global Management, Inc. grew EPS -1. 0% year-over-year, compared to -40. 0% for Blue Owl Capital 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 — OWL or APO?
Apollo Global Management, Inc.
(APO) is the more profitable company, earning 14. 8% net margin versus 2. 7% for Blue Owl Capital Inc. — meaning it keeps 14. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: APO leads at 34. 4% versus 21. 9% for OWL. 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 OWL or APO more undervalued right now?
On forward earnings alone, Blue Owl Capital Inc.
(OWL) trades at 11. 9x forward P/E versus 14. 6x for Apollo Global Management, Inc. — 2. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OWL: 49. 7% to $15. 78.
08Which pays a better dividend — OWL or APO?
All stocks in this comparison pay dividends.
Blue Owl Capital Inc. (OWL) offers the highest yield at 7. 8%, versus 1. 6% for Apollo Global Management, Inc. (APO).
09Is OWL 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). Blue Owl Capital Inc. (OWL) carries a higher beta of 1. 64 — 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: +768. 9%, OWL: +31. 5%), 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 OWL 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.
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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