A

Apollo Global Management, Inc. — Earnings Quality Grade A

APO · Financial Services

Strong financial health

Revenue
$32.0B
2025
Net Income
$3.5B
2025
Gross Margin
95.5%
Free Cash Flow
$7.2B
01

Screening Summary

12
Passed
1
Watch
0
Failed
M-Score
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

Insufficient data

A2AR vs Revenue Growth

Insufficient data

A3Revenue vs CFFO

Revenue 22.7%, CFFO 122.7%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

Insufficient data

B3SG&A Ratio

SG&A/Gross Profit = 10.1%, excellent (<30%)

B4Gross Margin

Gross margin 95.5%, change -0.1pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 2.08. Profits backed by cash

C2Free Cash Flow

FCF $7.2B, FCF/NI = 2.08

C3Accruals Ratio

Accruals ratio = -0.8%. Low accruals

C4Cash vs Debt

Cash $248.1B covers debt $13.4B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $5.9B = 25% of equity. Manageable

D2Leverage

Debt/EBITDA = 1.6x. Healthy

D3Soft Asset Growth

Other assets 12.0% vs revenue 22.7%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

!
E2Goodwill Surge

Goodwill+Intangibles surged 37% YoY

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Altman Z-Score — Not Applicable

Apollo Global Management, Inc. is a financial company. Z-Score is designed for non-financial companies.

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09

Apollo Global Management, Inc. (APO) 财报排雷评级 A — EarningsGrade