TPG vs ARES vs KKR vs APO

For growth investors, TPG Inc.

(TPG) is the stronger pick with 77. 9% revenue growth year-over-year, versus -11. 0% for KKR & Co. Inc. (KKR). Apollo Global Management, Inc. (APO) offers the better valuation at 17. 6x trailing P/E (14. 4x forward), making it the more compelling value choice. Analysts rate TPG Inc. (TPG) a "Buy" — based on 17 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.

On trailing P/E, Apollo Global Management, Inc.

(APO) is the cheapest at 17. 6x versus Ares Management Corporation at 62. 8x. On forward P/E, Apollo Global Management, Inc. is actually cheaper at 14. 4x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Apollo Global Management, Inc. wins at 0. 19x versus Ares Management Corporation's 1. 15x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Ares Management Corporation (ARES) delivered a total return of +160.

2%, compared to +50. 6% for TPG Inc. (TPG). Over 10 years, the gap is even starker: ARES returned +929. 6% versus TPG's +50. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Apollo Global Management, Inc.

(APO) is the lower-risk stock at 1. 43β versus KKR & Co. Inc. 's 1. 70β — meaning KKR is approximately 19% 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 171% for Ares Management Corporation — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), TPG Inc.

(TPG) is pulling ahead at 77. 9% versus -11. 0% for KKR & Co. Inc. (KKR). On earnings-per-share growth, the picture is similar: TPG Inc. grew EPS 1779% year-over-year, compared to -28. 7% for KKR & Co. 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.

Apollo Global Management, Inc.

(APO) is the more profitable company, earning 14. 8% net margin versus 4. 0% for TPG 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 2. 4% for KKR. 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.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Apollo Global Management, Inc. (APO) is the more undervalued stock at a PEG of 0. 19x versus Ares Management Corporation's 1. 15x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Apollo Global Management, Inc. (APO) trades at 14. 4x forward P/E versus 20. 2x for Ares Management Corporation — 5. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPG: 46. 1% to $65. 00.

All stocks in this comparison pay dividends.

TPG Inc. (TPG) offers the highest yield at 18. 1%, versus 0. 8% for KKR & Co. Inc. (KKR).

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. 7% yield, +759. 2% 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: +759. 2%, TPG: +50. 6%), 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.

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: TPG is a mid-cap high-growth stock; ARES is a mid-cap high-growth stock; KKR 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.