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Side-by-side financial comparison of Apollo Global Management (APO) and Evercore Inc. (EVR). Click either name above to swap in a different company.
Apollo Global Management is the larger business by last-quarter revenue ($9.9B vs $1.3B, roughly 7.6× Evercore Inc.). Evercore Inc. runs the higher net margin — 15.7% vs 6.9%, a 8.8% gap on every dollar of revenue. On growth, Apollo Global Management posted the faster year-over-year revenue change (86.7% vs 32.4%). Over the past eight quarters, Evercore Inc.'s revenue compounded faster (48.9% CAGR vs 18.4%).
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...
Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.
APO vs EVR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $9.9B | $1.3B |
| Net Profit | $684.0M | $204.0M |
| Gross Margin | — | — |
| Operating Margin | 17.8% | 24.2% |
| Net Margin | 6.9% | 15.7% |
| Revenue YoY | 86.7% | 32.4% |
| Net Profit YoY | -54.0% | 45.2% |
| EPS (diluted) | $1.09 | $4.80 |
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 | $1.3B | ||
| Q3 25 | $9.8B | $1.0B | ||
| Q2 25 | $6.8B | $838.0M | ||
| Q1 25 | $5.5B | $699.0M | ||
| Q4 24 | $5.3B | $979.5M | ||
| Q3 24 | $7.8B | $738.4M | ||
| Q2 24 | $6.0B | $693.4M | ||
| Q1 24 | $7.0B | $585.0M |
| Q4 25 | $684.0M | $204.0M | ||
| Q3 25 | $1.7B | $144.6M | ||
| Q2 25 | $630.0M | $97.2M | ||
| Q1 25 | $442.0M | $146.2M | ||
| Q4 24 | $1.5B | $140.4M | ||
| Q3 24 | $811.0M | $78.4M | ||
| Q2 24 | $853.0M | $73.8M | ||
| Q1 24 | $1.4B | $85.7M |
| Q4 25 | 17.8% | 24.2% | ||
| Q3 25 | 29.5% | 20.8% | ||
| Q2 25 | 12.4% | 18.0% | ||
| Q1 25 | 21.3% | 16.0% | ||
| Q4 24 | 32.6% | 21.8% | ||
| Q3 24 | 26.8% | 16.7% | ||
| Q2 24 | 23.9% | 15.9% | ||
| Q1 24 | 31.1% | 14.8% |
| Q4 25 | 6.9% | 15.7% | ||
| Q3 25 | 17.7% | 13.8% | ||
| Q2 25 | 9.2% | 11.6% | ||
| Q1 25 | 8.0% | 20.9% | ||
| Q4 24 | 28.1% | 14.3% | ||
| Q3 24 | 10.4% | 10.6% | ||
| Q2 24 | 14.2% | 10.6% | ||
| Q1 24 | 20.3% | 14.6% |
| Q4 25 | $1.09 | $4.80 | ||
| Q3 25 | $2.78 | $3.41 | ||
| Q2 25 | $0.99 | $2.36 | ||
| Q1 25 | $0.68 | $3.48 | ||
| Q4 24 | $2.41 | $3.32 | ||
| Q3 24 | $1.29 | $1.86 | ||
| Q2 24 | $1.35 | $1.81 | ||
| Q1 24 | $2.28 | $2.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.0B |
| Total DebtLower is stronger | $13.4B | — |
| Stockholders' EquityBook value | $23.3B | $2.0B |
| Total Assets | $460.9B | $5.4B |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $13.4B | — | ||
| Q3 25 | $12.6B | — | ||
| Q2 25 | $12.1B | — | ||
| Q1 25 | $10.6B | — | ||
| Q4 24 | $10.6B | — | ||
| Q3 24 | $9.8B | — | ||
| Q2 24 | $9.8B | — | ||
| Q1 24 | $9.6B | — |
| Q4 25 | $23.3B | $2.0B | ||
| Q3 25 | $23.1B | $1.8B | ||
| Q2 25 | $19.3B | $1.7B | ||
| Q1 25 | $18.0B | $1.5B | ||
| Q4 24 | $17.3B | $1.7B | ||
| Q3 24 | $17.9B | $1.6B | ||
| Q2 24 | $15.3B | $1.5B | ||
| Q1 24 | $14.8B | $1.4B |
| Q4 25 | $460.9B | $5.4B | ||
| Q3 25 | $449.5B | $4.4B | ||
| Q2 25 | $419.6B | $3.7B | ||
| Q1 25 | $395.0B | $3.3B | ||
| Q4 24 | $377.9B | $4.2B | ||
| Q3 24 | $368.7B | $3.6B | ||
| Q2 24 | $346.5B | $3.3B | ||
| Q1 24 | $334.1B | $3.0B |
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.55× | — | ||
| 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 | $807.5M |
| Free Cash FlowOCF − Capex | — | $798.6M |
| FCF MarginFCF / Revenue | — | 61.6% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 6.83× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7B | $807.5M | ||
| Q3 25 | $303.0M | $560.9M | ||
| Q2 25 | $1.3B | $437.7M | ||
| Q1 25 | $1.0B | $-549.7M | ||
| Q4 24 | $-4.0M | $686.4M | ||
| Q3 24 | $1.9B | $234.5M | ||
| Q2 24 | $1.3B | $348.5M | ||
| Q1 24 | $70.0M | $-281.2M |
| Q4 25 | — | $798.6M | ||
| Q3 25 | — | $541.5M | ||
| Q2 25 | — | $411.7M | ||
| Q1 25 | — | $-569.3M | ||
| Q4 24 | — | $673.1M | ||
| Q3 24 | — | $226.6M | ||
| Q2 24 | — | $340.7M | ||
| Q1 24 | — | $-282.3M |
| Q4 25 | — | 61.6% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.1% | ||
| Q1 25 | — | -81.4% | ||
| Q4 24 | — | 68.7% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 49.1% | ||
| Q1 24 | — | -48.3% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 6.83× | 3.96× | ||
| Q3 25 | 0.17× | 3.88× | ||
| Q2 25 | 2.00× | 4.50× | ||
| Q1 25 | 2.29× | -3.76× | ||
| Q4 24 | -0.00× | 4.89× | ||
| Q3 24 | 2.29× | 2.99× | ||
| Q2 24 | 1.56× | 4.72× | ||
| Q1 24 | 0.05× | -3.28× |
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% |
EVR
| Advisory Fees | $1.1B | 87% |
| Commissions And Related Revenue | $66.5M | 5% |
| Underwriting Fees | $49.5M | 4% |
| Other | $29.6M | 2% |
| Investment Management | $23.2M | 2% |
