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Side-by-side financial comparison of Apollo Global Management (APO) and CHS INC (CHSCP). Click either name above to swap in a different company.
Apollo Global Management is the larger business by last-quarter revenue ($9.9B vs $8.9B, roughly 1.1× CHS INC). Apollo Global Management runs the higher net margin — 6.9% vs 2.9%, a 4.0% gap on every dollar of revenue. On growth, Apollo Global Management posted the faster year-over-year revenue change (86.7% vs -4.6%). Over the past eight quarters, Apollo Global Management's revenue compounded faster (18.4% CAGR vs -1.2%).
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...
CHS Inc. is a Fortune 500 secondary cooperative owned by United States agricultural cooperatives, farmers, ranchers, and thousands of preferred stock holders. Based in Inver Grove Heights, Minnesota, CHS owns and operates various food processing and wholesale, farm supply, financial services and retail businesses. It also distributes Cenex brand fuel in 19 midwestern and western states as one of North America's largest c-store networks. It is a co-owner of Ventura Foods, a vegetable oil proce...
APO vs CHSCP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.9B | $8.9B |
| Net Profit | $684.0M | $260.5M |
| Gross Margin | — | 4.4% |
| Operating Margin | 17.8% | 1.4% |
| Net Margin | 6.9% | 2.9% |
| Revenue YoY | 86.7% | -4.6% |
| Net Profit YoY | -54.0% | 6.4% |
| EPS (diluted) | $1.09 | — |
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 | $8.9B | ||
| Q3 25 | $9.8B | $13.2B | ||
| Q2 25 | $6.8B | $9.8B | ||
| Q1 25 | $5.5B | $3.2B | ||
| Q4 24 | $5.3B | $9.3B | ||
| Q3 24 | $7.8B | $9.2B | ||
| Q2 24 | $6.0B | $9.6B | ||
| Q1 24 | $7.0B | $9.1B |
| Q4 25 | $684.0M | $260.5M | ||
| Q3 25 | $1.7B | $196.7M | ||
| Q2 25 | $630.0M | $232.2M | ||
| Q1 25 | $442.0M | $-75.8M | ||
| Q4 24 | $1.5B | $244.8M | ||
| Q3 24 | $811.0M | $111.8M | ||
| Q2 24 | $853.0M | $297.3M | ||
| Q1 24 | $1.4B | $170.3M |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | 4.0% |
| Q4 25 | 17.8% | 1.4% | ||
| Q3 25 | 29.5% | 0.4% | ||
| Q2 25 | 12.4% | 0.7% | ||
| Q1 25 | 21.3% | -5.4% | ||
| Q4 24 | 32.6% | 1.5% | ||
| Q3 24 | 26.8% | -0.3% | ||
| Q2 24 | 23.9% | 1.6% | ||
| Q1 24 | 31.1% | 0.7% |
| Q4 25 | 6.9% | 2.9% | ||
| Q3 25 | 17.7% | 1.5% | ||
| Q2 25 | 9.2% | 2.4% | ||
| Q1 25 | 8.0% | -2.4% | ||
| Q4 24 | 28.1% | 2.6% | ||
| Q3 24 | 10.4% | 1.2% | ||
| Q2 24 | 14.2% | 3.1% | ||
| Q1 24 | 20.3% | 1.9% |
| Q4 25 | $1.09 | — | ||
| Q3 25 | $2.78 | — | ||
| Q2 25 | $0.99 | — | ||
| Q1 25 | $0.68 | — | ||
| Q4 24 | $2.41 | — | ||
| Q3 24 | $1.29 | — | ||
| Q2 24 | $1.35 | — | ||
| Q1 24 | $2.28 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $374.7M |
| Total DebtLower is stronger | $13.4B | $1.7B |
| Stockholders' EquityBook value | $23.3B | $11.2B |
| Total Assets | $460.9B | $20.7B |
| Debt / EquityLower = less leverage | 0.57× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $374.7M | ||
| Q3 25 | — | $327.8M | ||
| Q2 25 | — | $323.9M | ||
| Q1 25 | — | $433.3M | ||
| Q4 24 | — | $795.6M | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $310.1M | ||
| Q1 24 | — | $633.3M |
| Q4 25 | $13.4B | $1.7B | ||
| Q3 25 | $12.6B | $1.7B | ||
| Q2 25 | $12.1B | $1.8B | ||
| Q1 25 | $10.6B | $1.8B | ||
| Q4 24 | $10.6B | $1.8B | ||
| Q3 24 | $9.8B | $1.8B | ||
| Q2 24 | $9.8B | $1.7B | ||
| Q1 24 | $9.6B | $1.7B |
| Q4 25 | $23.3B | $11.2B | ||
| Q3 25 | $23.1B | $11.1B | ||
| Q2 25 | $19.3B | $10.8B | ||
| Q1 25 | $18.0B | $10.7B | ||
| Q4 24 | $17.3B | $10.8B | ||
| Q3 24 | $17.9B | $10.8B | ||
| Q2 24 | $15.3B | $10.9B | ||
| Q1 24 | $14.8B | $10.8B |
| Q4 25 | $460.9B | $20.7B | ||
| Q3 25 | $449.5B | $18.9B | ||
| Q2 25 | $419.6B | $19.7B | ||
| Q1 25 | $395.0B | $20.1B | ||
| Q4 24 | $377.9B | $19.6B | ||
| Q3 24 | $368.7B | $18.7B | ||
| Q2 24 | $346.5B | $18.5B | ||
| Q1 24 | $334.1B | $19.2B |
| Q4 25 | 0.57× | 0.16× | ||
| Q3 25 | 0.55× | 0.16× | ||
| Q2 25 | 0.63× | 0.17× | ||
| Q1 25 | 0.59× | 0.17× | ||
| Q4 24 | 0.61× | 0.17× | ||
| Q3 24 | 0.55× | 0.17× | ||
| Q2 24 | 0.64× | 0.15× | ||
| Q1 24 | 0.65× | 0.16× |
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 | $-337.8M |
| Free Cash FlowOCF − Capex | — | $-453.8M |
| FCF MarginFCF / Revenue | — | -5.1% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 6.83× | -1.30× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-60.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7B | $-337.8M | ||
| Q3 25 | $303.0M | $1.3B | ||
| Q2 25 | $1.3B | $696.6M | ||
| Q1 25 | $1.0B | $-1.0B | ||
| Q4 24 | $-4.0M | $-294.0M | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.3B | $556.9M | ||
| Q1 24 | $70.0M | $-249.6M |
| Q4 25 | — | $-453.8M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $520.6M | ||
| Q1 25 | — | $-1.2B | ||
| Q4 24 | — | $-486.6M | ||
| Q3 24 | — | $845.8M | ||
| Q2 24 | — | $361.6M | ||
| Q1 24 | — | $-453.3M |
| Q4 25 | — | -5.1% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | -38.1% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | — | 9.2% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | -5.0% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | 6.83× | -1.30× | ||
| Q3 25 | 0.17× | 6.46× | ||
| Q2 25 | 2.00× | 3.00× | ||
| Q1 25 | 2.29× | — | ||
| Q4 24 | -0.00× | -1.20× | ||
| Q3 24 | 2.29× | 9.96× | ||
| Q2 24 | 1.56× | 1.87× | ||
| Q1 24 | 0.05× | -1.47× |
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% |
CHSCP
| Grains | $5.2B | 59% |
| Agronomy | $1.2B | 14% |
| CF Nitrogen LLC | $1.1B | 12% |
| Ventura Foods Llc | $838.2M | 9% |
| Other | $283.9M | 3% |
| ASC Topic815 | $198.7M | 2% |
| West Central Ag Services | $18.0M | 0% |
| Other Guidance | $1.4M | 0% |
