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Side-by-side financial comparison of Apollo Global Management (APO) and Danaher Corporation (DHR). Click either name above to swap in a different company.
Apollo Global Management is the larger business by last-quarter revenue ($9.9B vs $6.0B, roughly 1.7× Danaher Corporation). Danaher Corporation runs the higher net margin — 17.3% vs 6.9%, a 10.4% gap on every dollar of revenue. On growth, Apollo Global Management posted the faster year-over-year revenue change (86.7% vs 3.7%). Over the past eight quarters, Apollo Global Management's revenue compounded faster (18.4% CAGR vs 1.8%).
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...
Danaher CorporationDHREarnings & Financial Report
Danaher Corporation is an American healthcare company headquartered in Washington, D.C.. It develops products used for advances in biotechnology, life sciences, and diagnostics. The company operates three divisions: biotechnology, which develops products for the development of therapeutics; life sciences, which develops products to identify causes of disease, new therapies, and to test and manufacture new drugs, vaccines and gene editing technologies; and diagnostics, which develops instruments,...
APO vs DHR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.9B | $6.0B |
| Net Profit | $684.0M | $1.0B |
| Gross Margin | — | 60.3% |
| Operating Margin | 17.8% | 22.6% |
| Net Margin | 6.9% | 17.3% |
| Revenue YoY | 86.7% | 3.7% |
| Net Profit YoY | -54.0% | 7.9% |
| EPS (diluted) | $1.09 | $1.45 |
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.
| Q1 26 | — | $6.0B | ||
| Q4 25 | $9.9B | $6.8B | ||
| Q3 25 | $9.8B | $6.1B | ||
| Q2 25 | $6.8B | $5.9B | ||
| Q1 25 | $5.5B | $5.7B | ||
| Q4 24 | $5.3B | $6.5B | ||
| Q3 24 | $7.8B | $5.8B | ||
| Q2 24 | $6.0B | $5.7B |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $684.0M | $1.2B | ||
| Q3 25 | $1.7B | $908.0M | ||
| Q2 25 | $630.0M | $555.0M | ||
| Q1 25 | $442.0M | $954.0M | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $811.0M | $818.0M | ||
| Q2 24 | $853.0M | $907.0M |
| Q1 26 | — | 60.3% | ||
| Q4 25 | — | 58.0% | ||
| Q3 25 | — | 58.2% | ||
| Q2 25 | — | 59.3% | ||
| Q1 25 | — | 61.2% | ||
| Q4 24 | — | 59.5% | ||
| Q3 24 | — | 58.7% | ||
| Q2 24 | — | 59.7% |
| Q1 26 | — | 22.6% | ||
| Q4 25 | 17.8% | 22.0% | ||
| Q3 25 | 29.5% | 19.1% | ||
| Q2 25 | 12.4% | 12.8% | ||
| Q1 25 | 21.3% | 22.2% | ||
| Q4 24 | 32.6% | 21.8% | ||
| Q3 24 | 26.8% | 16.5% | ||
| Q2 24 | 23.9% | 20.3% |
| Q1 26 | — | 17.3% | ||
| Q4 25 | 6.9% | 17.5% | ||
| Q3 25 | 17.7% | 15.0% | ||
| Q2 25 | 9.2% | 9.3% | ||
| Q1 25 | 8.0% | 16.6% | ||
| Q4 24 | 28.1% | 16.6% | ||
| Q3 24 | 10.4% | 14.1% | ||
| Q2 24 | 14.2% | 15.8% |
| Q1 26 | — | $1.45 | ||
| Q4 25 | $1.09 | $1.69 | ||
| Q3 25 | $2.78 | $1.27 | ||
| Q2 25 | $0.99 | $0.77 | ||
| Q1 25 | $0.68 | $1.32 | ||
| Q4 24 | $2.41 | $1.50 | ||
| Q3 24 | $1.29 | $1.12 | ||
| Q2 24 | $1.35 | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $13.4B | — |
| Stockholders' EquityBook value | $23.3B | — |
| Total Assets | $460.9B | — |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $13.4B | $18.4B | ||
| Q3 25 | $12.6B | $16.9B | ||
| Q2 25 | $12.1B | $17.4B | ||
| Q1 25 | $10.6B | $16.5B | ||
| Q4 24 | $10.6B | $16.0B | ||
| Q3 24 | $9.8B | $17.5B | ||
| Q2 24 | $9.8B | $17.0B |
| Q1 26 | — | — | ||
| Q4 25 | $23.3B | $52.5B | ||
| Q3 25 | $23.1B | $51.1B | ||
| Q2 25 | $19.3B | $52.3B | ||
| Q1 25 | $18.0B | $50.8B | ||
| Q4 24 | $17.3B | $49.5B | ||
| Q3 24 | $17.9B | $51.3B | ||
| Q2 24 | $15.3B | $49.9B |
| Q1 26 | — | — | ||
| Q4 25 | $460.9B | $83.5B | ||
| Q3 25 | $449.5B | $79.9B | ||
| Q2 25 | $419.6B | $81.6B | ||
| Q1 25 | $395.0B | $79.1B | ||
| Q4 24 | $377.9B | $77.5B | ||
| Q3 24 | $368.7B | $80.6B | ||
| Q2 24 | $346.5B | $78.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.57× | 0.35× | ||
| Q3 25 | 0.55× | 0.33× | ||
| Q2 25 | 0.63× | 0.33× | ||
| Q1 25 | 0.59× | 0.32× | ||
| Q4 24 | 0.61× | 0.32× | ||
| Q3 24 | 0.55× | 0.34× | ||
| Q2 24 | 0.64× | 0.34× |
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 | $1.3B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 4.0% |
| Cash ConversionOCF / Net Profit | 6.83× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $4.7B | $2.1B | ||
| Q3 25 | $303.0M | $1.7B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $-4.0M | $2.0B | ||
| Q3 24 | $1.9B | $1.5B | ||
| Q2 24 | $1.3B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 18.4% | ||
| Q4 24 | — | 23.0% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 19.7% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 5.0% |
| Q1 26 | — | 1.28× | ||
| Q4 25 | 6.83× | 1.77× | ||
| Q3 25 | 0.17× | 1.83× | ||
| Q2 25 | 2.00× | 2.41× | ||
| Q1 25 | 2.29× | 1.36× | ||
| Q4 24 | -0.00× | 1.86× | ||
| Q3 24 | 2.29× | 1.85× | ||
| Q2 24 | 1.56× | 1.56× |
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% |
DHR
Segment breakdown not available.
