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Side-by-side financial comparison of Apollo Global Management (APO) and Ingram Micro Holding Corp (INGM). Click either name above to swap in a different company.
Ingram Micro Holding Corp is the larger business by last-quarter revenue ($14.9B vs $9.9B, roughly 1.5× Apollo Global Management). Apollo Global Management runs the higher net margin — 6.9% vs 0.8%, a 6.1% gap on every dollar of revenue.
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...
Ingram Micro Holding Corporation is an American distributor of information technology products and services. The company is based in Irvine, California, U.S. and has operations around the world. Founded as Micro D, Inc in 1979 in California by Geza Czige and Lorraine Mecca, the company, originally a traditional distributor focused on marketing, selling and shipping vendor products to resellers, is currently specializing on becoming a platform-based business that focuses on its digital experie...
APO vs INGM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.9B | $14.9B |
| Net Profit | $684.0M | $121.4M |
| Gross Margin | — | 6.5% |
| Operating Margin | 17.8% | 2.1% |
| Net Margin | 6.9% | 0.8% |
| Revenue YoY | 86.7% | — |
| Net Profit YoY | -54.0% | — |
| EPS (diluted) | $1.09 | $0.52 |
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 | $14.9B | ||
| Q3 25 | $9.8B | $12.6B | ||
| Q2 25 | $6.8B | $12.8B | ||
| Q1 25 | $5.5B | $12.3B | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $7.8B | $11.8B | ||
| Q2 24 | $6.0B | $11.5B | ||
| Q1 24 | $7.0B | $11.3B |
| Q4 25 | $684.0M | $121.4M | ||
| Q3 25 | $1.7B | $99.5M | ||
| Q2 25 | $630.0M | $37.8M | ||
| Q1 25 | $442.0M | $69.2M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $811.0M | $77.0M | ||
| Q2 24 | $853.0M | $54.6M | ||
| Q1 24 | $1.4B | $49.6M |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.2% | ||
| Q1 24 | — | 7.4% |
| Q4 25 | 17.8% | 2.1% | ||
| Q3 25 | 29.5% | 1.8% | ||
| Q2 25 | 12.4% | 1.1% | ||
| Q1 25 | 21.3% | 1.6% | ||
| Q4 24 | 32.6% | — | ||
| Q3 24 | 26.8% | 1.9% | ||
| Q2 24 | 23.9% | 1.6% | ||
| Q1 24 | 31.1% | 1.5% |
| Q4 25 | 6.9% | 0.8% | ||
| Q3 25 | 17.7% | 0.8% | ||
| Q2 25 | 9.2% | 0.3% | ||
| Q1 25 | 8.0% | 0.6% | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 10.4% | 0.7% | ||
| Q2 24 | 14.2% | 0.5% | ||
| Q1 24 | 20.3% | 0.4% |
| Q4 25 | $1.09 | $0.52 | ||
| Q3 25 | $2.78 | $0.42 | ||
| Q2 25 | $0.99 | $0.16 | ||
| Q1 25 | $0.68 | $0.29 | ||
| Q4 24 | $2.41 | — | ||
| Q3 24 | $1.29 | $0.35 | ||
| Q2 24 | $1.35 | $0.25 | ||
| Q1 24 | $2.28 | $0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.9B |
| Total DebtLower is stronger | $13.4B | $3.2B |
| Stockholders' EquityBook value | $23.3B | $4.2B |
| Total Assets | $460.9B | $21.2B |
| Debt / EquityLower = less leverage | 0.57× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $802.6M | ||
| Q2 25 | — | $856.7M | ||
| Q1 25 | — | $881.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $849.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $13.4B | $3.2B | ||
| Q3 25 | $12.6B | $3.8B | ||
| Q2 25 | $12.1B | $3.7B | ||
| Q1 25 | $10.6B | $3.5B | ||
| Q4 24 | $10.6B | — | ||
| Q3 24 | $9.8B | $3.8B | ||
| Q2 24 | $9.8B | — | ||
| Q1 24 | $9.6B | — |
| Q4 25 | $23.3B | $4.2B | ||
| Q3 25 | $23.1B | $4.1B | ||
| Q2 25 | $19.3B | $4.0B | ||
| Q1 25 | $18.0B | $3.9B | ||
| Q4 24 | $17.3B | — | ||
| Q3 24 | $17.9B | $3.6B | ||
| Q2 24 | $15.3B | $3.5B | ||
| Q1 24 | $14.8B | $3.5B |
| Q4 25 | $460.9B | $21.2B | ||
| Q3 25 | $449.5B | $19.2B | ||
| Q2 25 | $419.6B | $19.5B | ||
| Q1 25 | $395.0B | $18.6B | ||
| Q4 24 | $377.9B | — | ||
| Q3 24 | $368.7B | $18.6B | ||
| Q2 24 | $346.5B | — | ||
| Q1 24 | $334.1B | $17.6B |
| Q4 25 | 0.57× | 0.75× | ||
| Q3 25 | 0.55× | 0.93× | ||
| Q2 25 | 0.63× | 0.92× | ||
| Q1 25 | 0.59× | 0.90× | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.55× | 1.06× | ||
| 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 | $1.6B |
| Free Cash FlowOCF − Capex | — | $1.5B |
| FCF MarginFCF / Revenue | — | 10.2% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | 6.83× | 12.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $785.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7B | $1.6B | ||
| Q3 25 | $303.0M | $-146.0M | ||
| Q2 25 | $1.3B | $-298.0M | ||
| Q1 25 | $1.0B | $-200.4M | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $1.9B | $-277.0M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $70.0M | $-100.3M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $-175.0M | ||
| Q2 25 | — | $-333.2M | ||
| Q1 25 | — | $-230.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-315.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-135.8M |
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | -1.4% | ||
| Q2 25 | — | -2.6% | ||
| Q1 25 | — | -1.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.2% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 6.83× | 12.85× | ||
| Q3 25 | 0.17× | -1.47× | ||
| Q2 25 | 2.00× | -7.88× | ||
| Q1 25 | 2.29× | -2.90× | ||
| Q4 24 | -0.00× | — | ||
| Q3 24 | 2.29× | -3.60× | ||
| Q2 24 | 1.56× | — | ||
| Q1 24 | 0.05× | -2.02× |
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% |
INGM
Segment breakdown not available.
