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Side-by-side financial comparison of Apollo Global Management (APO) and Netflix (NFLX). Click either name above to swap in a different company.
Netflix is the larger business by last-quarter revenue ($12.2B vs $9.9B, roughly 1.2× Apollo Global Management). Netflix runs the higher net margin — 43.1% vs 6.9%, a 36.2% gap on every dollar of revenue. On growth, Apollo Global Management posted the faster year-over-year revenue change (86.7% vs 16.2%). Over the past eight quarters, Apollo Global Management's revenue compounded faster (18.4% CAGR vs 13.2%).
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...
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
APO vs NFLX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.9B | $12.2B |
| Net Profit | $684.0M | $5.3B |
| Gross Margin | — | 51.9% |
| Operating Margin | 17.8% | 32.3% |
| Net Margin | 6.9% | 43.1% |
| Revenue YoY | 86.7% | 16.2% |
| Net Profit YoY | -54.0% | 82.8% |
| EPS (diluted) | $1.09 | $1.23 |
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 | — | $12.2B | ||
| Q4 25 | $9.9B | $12.1B | ||
| Q3 25 | $9.8B | $11.5B | ||
| Q2 25 | $6.8B | $11.1B | ||
| Q1 25 | $5.5B | $10.5B | ||
| Q4 24 | $5.3B | $10.2B | ||
| Q3 24 | $7.8B | $9.8B | ||
| Q2 24 | $6.0B | $9.6B |
| Q1 26 | — | $5.3B | ||
| Q4 25 | $684.0M | $2.4B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $630.0M | $3.1B | ||
| Q1 25 | $442.0M | $2.9B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | $811.0M | $2.4B | ||
| Q2 24 | $853.0M | $2.1B |
| Q1 26 | — | 51.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | — | 51.9% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 43.7% | ||
| Q3 24 | — | 47.9% | ||
| Q2 24 | — | 45.9% |
| Q1 26 | — | 32.3% | ||
| Q4 25 | 17.8% | 24.5% | ||
| Q3 25 | 29.5% | 28.2% | ||
| Q2 25 | 12.4% | 34.1% | ||
| Q1 25 | 21.3% | 31.7% | ||
| Q4 24 | 32.6% | 22.2% | ||
| Q3 24 | 26.8% | 29.6% | ||
| Q2 24 | 23.9% | 27.2% |
| Q1 26 | — | 43.1% | ||
| Q4 25 | 6.9% | 20.1% | ||
| Q3 25 | 17.7% | 22.1% | ||
| Q2 25 | 9.2% | 28.2% | ||
| Q1 25 | 8.0% | 27.4% | ||
| Q4 24 | 28.1% | 18.2% | ||
| Q3 24 | 10.4% | 24.1% | ||
| Q2 24 | 14.2% | 22.5% |
| Q1 26 | — | $1.23 | ||
| Q4 25 | $1.09 | $-17.14 | ||
| Q3 25 | $2.78 | $5.87 | ||
| Q2 25 | $0.99 | $7.19 | ||
| Q1 25 | $0.68 | $0.66 | ||
| Q4 24 | $2.41 | $4.27 | ||
| Q3 24 | $1.29 | $5.40 | ||
| Q2 24 | $1.35 | $4.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $12.3B |
| Total DebtLower is stronger | $13.4B | $13.4B |
| Stockholders' EquityBook value | $23.3B | $31.1B |
| Total Assets | $460.9B | $61.0B |
| Debt / EquityLower = less leverage | 0.57× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.3B | ||
| Q4 25 | — | $9.1B | ||
| Q3 25 | — | $9.3B | ||
| Q2 25 | — | $8.4B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $9.6B | ||
| Q3 24 | — | $9.2B | ||
| Q2 24 | — | $6.7B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $13.4B | $13.5B | ||
| Q3 25 | $12.6B | $14.5B | ||
| Q2 25 | $12.1B | $14.5B | ||
| Q1 25 | $10.6B | $14.0B | ||
| Q4 24 | $10.6B | $13.8B | ||
| Q3 24 | $9.8B | $14.2B | ||
| Q2 24 | $9.8B | $12.2B |
| Q1 26 | — | $31.1B | ||
| Q4 25 | $23.3B | $26.6B | ||
| Q3 25 | $23.1B | $26.0B | ||
| Q2 25 | $19.3B | $25.0B | ||
| Q1 25 | $18.0B | $24.0B | ||
| Q4 24 | $17.3B | $24.7B | ||
| Q3 24 | $17.9B | $22.7B | ||
| Q2 24 | $15.3B | $22.1B |
| Q1 26 | — | $61.0B | ||
| Q4 25 | $460.9B | $55.6B | ||
| Q3 25 | $449.5B | $54.9B | ||
| Q2 25 | $419.6B | $53.1B | ||
| Q1 25 | $395.0B | $52.1B | ||
| Q4 24 | $377.9B | $53.6B | ||
| Q3 24 | $368.7B | $52.3B | ||
| Q2 24 | $346.5B | $49.1B |
| Q1 26 | — | 0.43× | ||
| Q4 25 | 0.57× | 0.51× | ||
| Q3 25 | 0.55× | 0.56× | ||
| Q2 25 | 0.63× | 0.58× | ||
| Q1 25 | 0.59× | 0.58× | ||
| Q4 24 | 0.61× | 0.56× | ||
| Q3 24 | 0.55× | 0.62× | ||
| Q2 24 | 0.64× | 0.55× |
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 | $5.3B |
| Free Cash FlowOCF − Capex | — | $5.1B |
| FCF MarginFCF / Revenue | — | 41.6% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 6.83× | 1.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $11.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.3B | ||
| Q4 25 | $4.7B | $2.1B | ||
| Q3 25 | $303.0M | $2.8B | ||
| Q2 25 | $1.3B | $2.4B | ||
| Q1 25 | $1.0B | $2.8B | ||
| Q4 24 | $-4.0M | $1.5B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.3B | $1.3B |
| Q1 26 | — | $5.1B | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | — | 41.6% | ||
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 23.1% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | — | 12.7% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.8% |
| Q1 26 | — | 1.00× | ||
| Q4 25 | 6.83× | 0.87× | ||
| Q3 25 | 0.17× | 1.11× | ||
| Q2 25 | 2.00× | 0.78× | ||
| Q1 25 | 2.29× | 0.97× | ||
| Q4 24 | -0.00× | 0.82× | ||
| Q3 24 | 2.29× | 0.98× | ||
| Q2 24 | 1.56× | 0.60× |
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% |
NFLX
Segment breakdown not available.
