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Side-by-side financial comparison of Apollo Global Management (APO) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
Apollo Global Management is the larger business by last-quarter revenue ($9.9B vs $7.9B, roughly 1.2× PBF Energy Inc.). Apollo Global Management runs the higher net margin — 6.9% vs 2.5%, a 4.4% gap on every dollar of revenue. On growth, Apollo Global Management posted the faster year-over-year revenue change (86.7% vs 11.9%). Over the past eight quarters, Apollo Global Management's revenue compounded faster (18.4% CAGR vs -4.9%).
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...
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
APO vs PBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.9B | $7.9B |
| Net Profit | $684.0M | $200.2M |
| Gross Margin | — | 3.5% |
| Operating Margin | 17.8% | 3.8% |
| Net Margin | 6.9% | 2.5% |
| Revenue YoY | 86.7% | 11.9% |
| Net Profit YoY | -54.0% | 149.4% |
| EPS (diluted) | $1.09 | $1.65 |
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 | — | $7.9B | ||
| Q4 25 | $9.9B | $7.1B | ||
| Q3 25 | $9.8B | $7.7B | ||
| Q2 25 | $6.8B | $7.5B | ||
| Q1 25 | $5.5B | $7.1B | ||
| Q4 24 | $5.3B | $7.4B | ||
| Q3 24 | $7.8B | $8.4B | ||
| Q2 24 | $6.0B | $8.7B |
| Q1 26 | — | $200.2M | ||
| Q4 25 | $684.0M | $78.4M | ||
| Q3 25 | $1.7B | $170.1M | ||
| Q2 25 | $630.0M | $-5.2M | ||
| Q1 25 | $442.0M | $-401.8M | ||
| Q4 24 | $1.5B | $-289.3M | ||
| Q3 24 | $811.0M | $-285.9M | ||
| Q2 24 | $853.0M | $-65.2M |
| Q1 26 | — | 3.5% | ||
| Q4 25 | — | -1.8% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | -4.2% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | 3.8% | ||
| Q4 25 | 17.8% | 1.8% | ||
| Q3 25 | 29.5% | 3.7% | ||
| Q2 25 | 12.4% | 0.6% | ||
| Q1 25 | 21.3% | -7.2% | ||
| Q4 24 | 32.6% | -5.2% | ||
| Q3 24 | 26.8% | -4.6% | ||
| Q2 24 | 23.9% | -0.9% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 6.9% | 1.1% | ||
| Q3 25 | 17.7% | 2.2% | ||
| Q2 25 | 9.2% | -0.1% | ||
| Q1 25 | 8.0% | -5.7% | ||
| Q4 24 | 28.1% | -3.9% | ||
| Q3 24 | 10.4% | -3.4% | ||
| Q2 24 | 14.2% | -0.7% |
| Q1 26 | — | $1.65 | ||
| Q4 25 | $1.09 | $0.74 | ||
| Q3 25 | $2.78 | $1.45 | ||
| Q2 25 | $0.99 | $-0.05 | ||
| Q1 25 | $0.68 | $-3.53 | ||
| Q4 24 | $2.41 | $-2.41 | ||
| Q3 24 | $1.29 | $-2.49 | ||
| Q2 24 | $1.35 | $-0.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $541.8M |
| Total DebtLower is stronger | $13.4B | — |
| Stockholders' EquityBook value | $23.3B | $5.7B |
| Total Assets | $460.9B | $14.7B |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $541.8M | ||
| Q4 25 | — | $527.9M | ||
| Q3 25 | — | $482.0M | ||
| Q2 25 | — | $590.7M | ||
| Q1 25 | — | $468.6M | ||
| Q4 24 | — | $536.1M | ||
| Q3 24 | — | $976.7M | ||
| Q2 24 | — | $1.4B |
| Q1 26 | — | — | ||
| 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 26 | — | $5.7B | ||
| Q4 25 | $23.3B | $5.3B | ||
| Q3 25 | $23.1B | $5.2B | ||
| Q2 25 | $19.3B | $5.1B | ||
| Q1 25 | $18.0B | $5.1B | ||
| Q4 24 | $17.3B | $5.5B | ||
| Q3 24 | $17.9B | $5.9B | ||
| Q2 24 | $15.3B | $6.3B |
| Q1 26 | — | $14.7B | ||
| Q4 25 | $460.9B | $13.0B | ||
| Q3 25 | $449.5B | $13.0B | ||
| Q2 25 | $419.6B | $13.0B | ||
| Q1 25 | $395.0B | $13.0B | ||
| Q4 24 | $377.9B | $12.7B | ||
| Q3 24 | $368.7B | $13.1B | ||
| Q2 24 | $346.5B | $14.1B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 4.0% |
| Cash ConversionOCF / Net Profit | 6.83× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.7B | $366.6M | ||
| Q3 25 | $303.0M | $25.7M | ||
| Q2 25 | $1.3B | $191.1M | ||
| Q1 25 | $1.0B | $-661.4M | ||
| Q4 24 | $-4.0M | $-329.7M | ||
| Q3 24 | $1.9B | $-68.0M | ||
| Q2 24 | $1.3B | $425.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $77.0M | ||
| Q3 25 | — | $-122.8M | ||
| Q2 25 | — | $35.0M | ||
| Q1 25 | — | $-772.4M | ||
| Q4 24 | — | $-425.7M | ||
| Q3 24 | — | $-169.8M | ||
| Q2 24 | — | $371.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | -1.6% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | -10.9% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | — | -2.0% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 6.83× | 4.68× | ||
| Q3 25 | 0.17× | 0.15× | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 2.29× | — | ||
| Q4 24 | -0.00× | — | ||
| Q3 24 | 2.29× | — | ||
| Q2 24 | 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% |
PBF
Segment breakdown not available.
