Apollo Global Management vs KKR &
Apollo Global Management is the larger business, with $32.05bn of revenue in fiscal 2025 against $19.46bn for KKR & (1.6 times as much). Apollo Global Management grew faster (22.7% against -11.0%). KKR & kept more of each dollar of sales as profit: a net margin of 12.2% against 10.9%. KKR & carries less debt relative to equity (0.0% against 57.3%).
| Latest fiscal year | Apollo Global ManagementAPO, 2025 | KKR &KKR, 2025 |
|---|---|---|
| Revenue | $32.05bn | $19.46bn |
| Revenue growth | 22.7% | -11.0% |
| Net income | $3.49bn | $2.37bn |
| Operating margin | — | — |
| Net margin | 10.9% | 12.2% |
| Return on equity | 17.2% | 8.7% |
| Free cash flow | — | $478m |
| Cash | $20.59bn | $17.15bn |
| Total debt | $13.36bn | $0 |
| Debt to equity | 57.3% | 0.0% |
| Dividend per share | $1.99 | — |
| Dividend yield | 1.9% | 0.8% |
| Share buybacks | $773m | $3.4m |
| Employees | 4,130 | 5,043 |
| Market value | $65.44bn | $85.96bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 7 sales | 13 buys, 3 sales |