Apollo Commercial Real Estate Finance, Inc. (ARI) Earnings History
Annual and quarterly earnings data from 2009 to 2025
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ARI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ARI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 80.1% | 65.4% | 17.8% |
| 2024 | 79.9% | 59.5% | -17.1% |
| 2023 | 83.6% | 60.2% | 7.5% |
| 2022 | 85.6% | 101.3% | 41.4% |
| 2021 | 85.0% | 98.4% | 53.1% |
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Apollo Commercial Real Estate Finance, Inc. (ARI) Earnings Overview
As of May 6, 2026, Apollo Commercial Real Estate Finance, Inc. (ARI) reported trailing twelve-month net income of $127M, reflecting +183.5% year-over-year growth. The company earned $0.91 per diluted share over the past four quarters, with a net profit margin of 17.8%.
Looking at the long-term picture, ARI's 5-year EPS compound annual growth rate (CAGR) stands at +143.3%, indicating exceptional earnings growth. The company achieved its highest annual net income of $265M in fiscal 2022.
Apollo Commercial Real Estate Finance, Inc. maintains industry-leading profitability with a gross margin of 80.1%, operating margin of 65.4%, and net margin of 17.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including BXMT ($104M net income, 7.2% margin), KREF (-$104M net income, -10.3% margin), TRTX ($61M net income, 18.1% margin), ARI has outperformed on profitability metrics. Compare ARI vs BXMT →
ARI Earnings vs Peers
Earnings metrics vs comparable public companies
ARI Historical Earnings Data (2009–2025)
17 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $127M | +205.9% | $464M | $0.81 | 17.8% | 65.4% |
| 2024 | -$120M | -305.8% | $418M | $-0.97 | -17.1% | 59.5% |
| 2023 | $58M | -78.1% | $468M | $0.29 | 7.5% | 60.2% |
| 2022 | $265M | +18.7% | $650M | $1.68 | 41.4% | 101.3% |
| 2021 | $224M | +1116.3% | $414M | $1.46 | 53.1% | 98.4% |
| 2020 | $18M | -92.0% | $139M | $0.01 | 5.4% | 40.5% |
| 2019 | $230M | +4.6% | $208M | $1.40 | 47.1% | 42.6% |
| 2018 | $220M | +14.0% | $366M | $1.48 | 53.2% | 88.5% |
| 2017 | $193M | +22.3% | $178M | $1.51 | 67.0% | 61.9% |
| 2016 | $158M | +52.9% | $157M | $1.71 | 53.2% | 53.1% |
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Start ComparisonARI — Frequently Asked Questions
Quick answers to the most common questions about buying ARI stock.
Is ARI growing earnings?
ARI EPS is $0.91, with earnings growth accelerating to +183.5%. This exceeds the 5-year CAGR of +143.3%. TTM net income reached $127M.
What are ARI's profit margins?
Apollo Commercial Real Estate Finance, Inc. net margin is +17.8%, with operating margin at +65.4%. Above-average margins indicate pricing power.
How consistent are ARI's earnings?
ARI earnings data spans 2009-2025. The accelerating earnings trend is +183.5% YoY. Historical data enables comparison across business cycles.