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Apollo Commercial Real Estate Finance, Inc. ARI

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Price alert · ARI

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2.42 USD +0.01 (+0.46%)

Nov 4, 2026, 9:31 AM EST

2.38 Day range 2.42
2.28 52-week range 11.24
YTD
-74.99%
1 year
-75.07%

Financial health

Altman Z-Score

0.66 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

A-4 / 5 overall

  • DCF 1
  • Return on Equity 4
  • Return on Assets 5
  • Debt / Equity 4
  • P/E 3
  • P/B 3

Valuation

P/E 12.0×
FY 2016: 9.6×FY 2017: 12.0×FY 2018: 11.0×FY 2019: 13.0×FY 2020: 1176×FY 2021: 8.9×FY 2022: 6.1×FY 2023: 40.5×FY 2024: -8.9×FY 2025: 12.0×
FY 2016 5y median 8.9× FY 2025
P/S 1.9×
FY 2016: 4.1×FY 2017: 6.4×FY 2018: 5.0×FY 2019: 5.5×FY 2020: 4.8×FY 2021: 4.4×FY 2022: 2.4×FY 2023: 2.1×FY 2024: 1.7×FY 2025: 1.9×
FY 2016 5y median 2.1× FY 2025
P/B 0.7×
FY 2016: 0.6×FY 2017: 0.9×FY 2018: 0.8×FY 2019: 1.0×FY 2020: 0.7×FY 2021: 0.8×FY 2022: 0.6×FY 2023: 0.8×FY 2024: 0.6×FY 2025: 0.7×
FY 2016 5y median 0.7× FY 2025
P/FCF 31.8×
FY 2016: 10.3×FY 2017: 12.0×FY 2018: 7.8×FY 2019: 9.8×FY 2020: 10.1×FY 2021: 9.2×FY 2022: 6.4×FY 2023: 8.2×FY 2024: 39.3×FY 2025: 31.8×
FY 2016 5y median 9.2× FY 2025
EV/EBITDA 15.2×
FY 2016: 10.7×FY 2017: 13.3×FY 2018: 12.8×FY 2019: 16.6×FY 2020: 32.7×FY 2021: 19.3×FY 2022: 15.4×FY 2023: 15.7×FY 2024: 18.4×FY 2025: 15.2×
FY 2016 5y median 15.7× FY 2025
EV/Sales 12.8×
FY 2016: 8.1×FY 2017: 12.8×FY 2018: 10.7×FY 2019: 13.0×FY 2020: 17.2×FY 2021: 17.8×FY 2022: 12.9×FY 2023: 10.8×FY 2024: 10.4×FY 2025: 12.8×
FY 2016 5y median 12.8× FY 2025
FCF Yield 3.1%
FY 2016: 9.7%FY 2017: 8.3%FY 2018: 12.9%FY 2019: 10.2%FY 2020: 9.9%FY 2021: 10.8%FY 2022: 15.5%FY 2023: 12.1%FY 2024: 2.5%FY 2025: 3.1%
FY 2016 5y median 10.8% FY 2025

Profitability

Gross Margin 80.1%
FY 2016: 92.1%FY 2017: 89.0%FY 2018: 91.2%FY 2019: 91.7%FY 2020: 88.4%FY 2021: 85.0%FY 2022: 85.6%FY 2023: 83.6%FY 2024: 79.9%FY 2025: 80.1%
FY 2016 5y median 83.6% FY 2025
Operating Margin 65.4%
FY 2016: 53.1%FY 2017: 61.9%FY 2018: 88.5%FY 2019: 42.6%FY 2020: 40.5%FY 2021: 98.4%FY 2022: 101.3%FY 2023: 60.2%FY 2024: 59.5%FY 2025: 65.4%
FY 2016 5y median 65.4% FY 2025
Net Margin 17.8%
FY 2016: 53.2%FY 2017: 67.0%FY 2018: 53.2%FY 2019: 47.1%FY 2020: 5.4%FY 2021: 53.1%FY 2022: 41.4%FY 2023: 7.5%FY 2024: -17.1%FY 2025: 17.8%
FY 2016 5y median 17.8% FY 2025
ROE 6.8%
FY 2016: 8.2%FY 2017: 9.2%FY 2018: 8.8%FY 2019: 8.8%FY 2020: 0.8%FY 2021: 9.7%FY 2022: 11.3%FY 2023: 2.6%FY 2024: -6.4%FY 2025: 6.8%
FY 2016 5y median 6.8% FY 2025
ROIC 4.7%
FY 2016: 4.5%FY 2017: 4.4%FY 2018: 7.2%FY 2019: 3.0%FY 2020: 2.0%FY 2021: 4.9%FY 2022: 6.8%FY 2023: 5.0%FY 2024: 5.0%FY 2025: 4.7%
FY 2016 5y median 5.0% FY 2025
ROA 1.3%
FY 2016: 4.5%FY 2017: 4.7%FY 2018: 4.3%FY 2019: 3.3%FY 2020: 0.3%FY 2021: 2.7%FY 2022: 2.8%FY 2023: 0.6%FY 2024: -1.4%FY 2025: 1.3%
FY 2016 5y median 1.3% FY 2025

Growth (YoY)

Revenue 1.3%
FY 2016: 50.7%FY 2017: -2.9%FY 2018: 43.5%FY 2019: 18.2%FY 2020: -29.9%FY 2021: 22.9%FY 2022: 52.3%FY 2023: 21.2%FY 2024: -9.7%FY 2025: 1.3%
FY 2016 FY 2025
Operating Income 11.2%
FY 2016: 52.2%FY 2017: 13.3%FY 2018: 105.2%FY 2019: -43.1%FY 2020: -33.4%FY 2021: 198.7%FY 2022: 56.8%FY 2023: -28.0%FY 2024: -10.7%FY 2025: 11.2%
FY 2016 FY 2025
EPS (diluted) 183.5%
FY 2016: 12.5%FY 2017: -11.7%FY 2018: -2.0%FY 2019: -5.4%FY 2020: -99.3%FY 2021: 15268.4%FY 2022: 15.1%FY 2023: -82.7%FY 2024: -434.5%FY 2025: 183.5%
FY 2016 FY 2025
Free Cash Flow 37.6%
FY 2016: 33.1%FY 2017: 30.9%FY 2018: 73.3%FY 2019: 2.8%FY 2020: -40.0%FY 2021: 21.5%FY 2022: 17.8%FY 2023: -14.2%FY 2024: -84.7%FY 2025: 37.6%
FY 2016 FY 2025

Financial Health

Current Ratio 0.3×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.2×FY 2019: 0.6×FY 2020: 0.7×FY 2021: 0.3×FY 2022: 0.6×FY 2023: 0.3×FY 2024: 0.4×FY 2025: 0.3×
FY 2016 5y median 0.3× FY 2025
Quick Ratio 0.3×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.2×FY 2019: 0.6×FY 2020: 0.7×FY 2021: 0.3×FY 2022: 0.6×FY 2023: 0.3×FY 2024: 0.4×FY 2025: 0.3×
FY 2016 5y median 0.3× FY 2025
Debt / Equity 4.3×
FY 2016: 0.8×FY 2017: 0.9×FY 2018: 1.0×FY 2019: 1.6×FY 2020: 2.0×FY 2021: 2.6×FY 2022: 3.0×FY 2023: 3.1×FY 2024: 3.4×FY 2025: 4.3×
FY 2016 5y median 3.1× FY 2025
Net Debt / EBITDA 13.0×
FY 2016: 5.4×FY 2017: 6.6×FY 2018: 6.8×FY 2019: 9.6×FY 2020: 23.5×FY 2021: 14.6×FY 2022: 12.6×FY 2023: 12.6×FY 2024: 15.3×FY 2025: 13.0×
FY 2016 5y median 13.0× FY 2025
Interest Coverage 1.0×
FY 2016: 2.5×FY 2017: 2.3×FY 2018: 3.2×FY 2019: 1.4×FY 2020: 0.9×FY 2021: 2.6×FY 2022: 2.4×FY 2023: 1.0×FY 2024: 0.8×FY 2025: 1.0×
FY 2016 5y median 1.0× FY 2025

Dividends

Dividend Yield 11.4%
FY 2016: 13.3%FY 2017: 11.9%FY 2018: 12.3%FY 2019: 10.8%FY 2020: 15.2%FY 2021: 11.6%FY 2022: 14.1%FY 2023: 12.9%FY 2024: 16.4%FY 2025: 11.4%
FY 2016 5y median 12.9% FY 2025
Payout Ratio 121.2%
FY 2016: 101.5%FY 2017: 113.8%FY 2018: 115.7%FY 2019: 126.5%FY 2020: 1367.4%FY 2021: 95.1%FY 2022: 80.2%FY 2023: 368.7%FY 2024: -165.7%FY 2025: 121.2%
FY 2016 5y median 95.1% FY 2025

Annual · latest fiscal year ends 2025-12-31