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Side-by-side financial comparison of Apollo Global Management (APO) and Baidu, Inc. (BIDU). Click either name above to swap in a different company.
Apollo Global Management is the larger business by last-quarter revenue ($9.9B vs $5.0B, roughly 2.0× Baidu, Inc.). Apollo Global Management runs the higher net margin — 6.9% vs 6.0%, a 1.0% gap on every dollar of revenue. On growth, Apollo Global Management posted the faster year-over-year revenue change (86.7% vs 14.0%). Over the past eight quarters, Apollo Global Management's revenue compounded faster (18.4% CAGR vs 7.5%).
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. As of 2025, the company had $840 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of p...
Baidu, Inc. is a Chinese multinational technology company specializing in Internet services and artificial intelligence. It holds a dominant position in China's search engine market, and provides a wide variety of other internet services such as Baidu App, Baidu Baike, iQIYI, and Baidu Tieba.
APO vs BIDU — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.9B | $5.0B |
| Net Profit | $684.0M | $300.0M |
| Gross Margin | — | 41.0% |
| Operating Margin | 17.8% | 4.1% |
| Net Margin | 6.9% | 6.0% |
| Revenue YoY | 86.7% | 14.0% |
| Net Profit YoY | -54.0% | -47.1% |
| EPS (diluted) | $1.09 | $0.53 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $9.9B | $5.0B | ||
| Q3 25 | $9.8B | $4.4B | ||
| Q2 25 | $6.8B | $4.6B | ||
| Q1 25 | $5.5B | $4.5B | ||
| Q4 24 | $5.3B | $4.4B | ||
| Q3 24 | $7.8B | $4.8B | ||
| Q2 24 | $6.0B | $4.7B | ||
| Q1 24 | $7.0B | $4.4B |
| Q4 25 | $684.0M | $300.0M | ||
| Q3 25 | $1.7B | $-1.6B | ||
| Q2 25 | $630.0M | $1.0B | ||
| Q1 25 | $442.0M | $1.1B | ||
| Q4 24 | $1.5B | $567.0M | ||
| Q3 24 | $811.0M | $1.1B | ||
| Q2 24 | $853.0M | $768.0M | ||
| Q1 24 | $1.4B | $811.0M |
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 41.2% | ||
| Q2 25 | — | 43.9% | ||
| Q1 25 | — | 46.1% | ||
| Q4 24 | — | 49.9% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 51.7% | ||
| Q1 24 | — | 51.5% |
| Q4 25 | 17.8% | 4.1% | ||
| Q3 25 | 29.5% | -48.4% | ||
| Q2 25 | 12.4% | 10.0% | ||
| Q1 25 | 21.3% | 13.9% | ||
| Q4 24 | 32.6% | 11.1% | ||
| Q3 24 | 26.8% | 17.6% | ||
| Q2 24 | 23.9% | 17.5% | ||
| Q1 24 | 31.1% | 17.4% |
| Q4 25 | 6.9% | 6.0% | ||
| Q3 25 | 17.7% | -36.3% | ||
| Q2 25 | 9.2% | 22.2% | ||
| Q1 25 | 8.0% | 24.1% | ||
| Q4 24 | 28.1% | 12.8% | ||
| Q3 24 | 10.4% | 23.2% | ||
| Q2 24 | 14.2% | 16.4% | ||
| Q1 24 | 20.3% | 18.6% |
| Q4 25 | $1.09 | $0.53 | ||
| Q3 25 | $2.78 | $-4.76 | ||
| Q2 25 | $0.99 | $2.84 | ||
| Q1 25 | $0.68 | $2.98 | ||
| Q4 24 | $2.41 | $1.95 | ||
| Q3 24 | $1.29 | $3.08 | ||
| Q2 24 | $1.35 | — | ||
| Q1 24 | $2.28 | $2.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $16.5B |
| Total DebtLower is stronger | $13.4B | $5.9B |
| Stockholders' EquityBook value | $23.3B | $38.1B |
| Total Assets | $460.9B | $64.2B |
| Debt / EquityLower = less leverage | 0.57× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.5B | ||
| Q3 25 | — | $17.5B | ||
| Q2 25 | — | $17.3B | ||
| Q1 25 | — | $19.5B | ||
| Q4 24 | — | $17.5B | ||
| Q3 24 | — | $18.9B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $13.4B | $5.9B | ||
| Q3 25 | $12.6B | $2.5B | ||
| Q2 25 | $12.1B | $2.4B | ||
| Q1 25 | $10.6B | $2.3B | ||
| Q4 24 | $10.6B | $4.9B | ||
| Q3 24 | $9.8B | $2.1B | ||
| Q2 24 | $9.8B | — | ||
| Q1 24 | $9.6B | — |
| Q4 25 | $23.3B | $38.1B | ||
| Q3 25 | $23.1B | $38.6B | ||
| Q2 25 | $19.3B | $39.8B | ||
| Q1 25 | $18.0B | $38.6B | ||
| Q4 24 | $17.3B | $36.1B | ||
| Q3 24 | $17.9B | $38.5B | ||
| Q2 24 | $15.3B | — | ||
| Q1 24 | $14.8B | — |
| Q4 25 | $460.9B | $64.2B | ||
| Q3 25 | $449.5B | $62.4B | ||
| Q2 25 | $419.6B | $62.9B | ||
| Q1 25 | $395.0B | $62.6B | ||
| Q4 24 | $377.9B | $58.6B | ||
| Q3 24 | $368.7B | $59.5B | ||
| Q2 24 | $346.5B | — | ||
| Q1 24 | $334.1B | — |
| Q4 25 | 0.57× | 0.16× | ||
| Q3 25 | 0.55× | 0.07× | ||
| Q2 25 | 0.63× | 0.06× | ||
| Q1 25 | 0.59× | 0.06× | ||
| Q4 24 | 0.61× | 0.14× | ||
| Q3 24 | 0.55× | 0.05× | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 0.65× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.7B | $1.5B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 6.83× | 5.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7B | $1.5B | ||
| Q3 25 | $303.0M | — | ||
| Q2 25 | $1.3B | $-6.3B | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $-4.0M | $4.0B | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.3B | $5.3B | ||
| Q1 24 | $70.0M | — |
| Q4 25 | 6.83× | 5.08× | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 2.00× | -6.26× | ||
| Q1 25 | 2.29× | — | ||
| Q4 24 | -0.00× | 7.12× | ||
| Q3 24 | 2.29× | — | ||
| Q2 24 | 1.56× | 6.88× | ||
| Q1 24 | 0.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APO
| Retirement Services Segment | $8.5B | 86% |
| Asset Management1 | $681.0M | 7% |
| Principal Investing Segment | $624.0M | 6% |
| Management Service Incentive | $96.0M | 1% |
BIDU
| Legacy Business | $1.8B | 35% |
| Baidu Core AI-powered Business | $1.6B | 32% |
| Other | $1.3B | 26% |
| Others | $357.5M | 7% |
