15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $272M | $127M | 0.0% | 0.0% | 6.8% | 1.3% | — | — | $140M |
| 2024 | $304M | -$120M | 0.0% | 0.0% | -6.4% | -1.4% | — | — | $317M |
| 2023 | $345M | $58M | 0.0% | 0.0% | 2.6% | 0.6% | — | — | $225M |
| 2022 | $304M | $265M | 0.0% | 0.0% | 11.3% | 2.8% | — | — | $222M |
| 2021 | $285M | $224M | 0.0% | 0.0% | 9.7% | 2.7% | — | — | $343M |
| 2020 | $279M | $18M | 0.0% | 0.0% | 0.8% | 0.3% | — | — | $325M |
| 2019 | $334M | $230M | 0.0% | 0.0% | 8.8% | 3.3% | — | — | $452M |
| 2018 | — | $220M | — | — | 8.8% | 4.3% | — | — | $110M |
| 2017 | — | $193M | — | — | 9.2% | 4.7% | — | — | $78M |
| 2016 | — | $158M | — | — | 8.2% | 4.5% | — | — | $201M |
| 2015 | — | $103M | — | — | 7.5% | 3.8% | — | — | $67M |
| 2014 | — | $83M | — | — | 9.7% | 4.5% | — | — | $41M |
| 2013 | — | $52M | — | — | 7.7% | 5.8% | — | — | $20M |
| 2012 | — | $40M | — | — | 7.3% | 5.1% | — | $225M | $109M |
| 2011 | — | $26M | — | — | 7.7% | 2.9% | — | — | $22M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $44M | $26M | 0.0% | 0.0% | 2.1% | 1.2% | — | — | $1.2B |
| Mar '26 | $59M | $26M | 0.0% | 0.0% | 1.4% | 0.3% | — | — | $127M |
| Dec '25 | $73M | $29M | 0.0% | 0.0% | 1.6% | 0.3% | — | — | $140M |
| Sep '25 | $62M | $51M | 0.0% | 0.0% | 2.7% | 0.5% | — | — | $246M |
| Jun '25 | $71M | $21M | 0.0% | 0.0% | 1.1% | 0.2% | — | — | $178M |
| Mar '25 | $66M | $26M | 0.0% | 0.0% | 1.4% | 0.3% | — | — | $166M |
| Dec '24 | $70M | $41M | 0.0% | 0.0% | 2.2% | 0.5% | — | — | $317M |
| Sep '24 | $72M | -$92M | 0.0% | 0.0% | -4.9% | -1.0% | — | — | $194M |
| Jun '24 | $81M | $36M | 0.0% | 0.0% | 1.8% | 0.4% | — | — | $175M |
| Mar '24 | $81M | -$105M | 0.0% | 0.0% | -5.1% | -1.1% | — | — | $161M |
| Dec '23 | $84M | $47M | 0.0% | 0.0% | 2.1% | 0.5% | — | — | $225M |
| Sep '23 | $81M | $46M | 0.0% | 0.0% | 2.1% | 0.5% | — | — | $308M |
| Jun '23 | $92M | -$83M | 0.0% | 0.0% | -3.8% | -0.9% | — | — | $308M |
| Mar '23 | $87M | $49M | 0.0% | 0.0% | 2.1% | 0.5% | — | — | $332M |
| Dec '22 | $87M | -$4M | 0.0% | 0.0% | -0.2% | -0.0% | — | — | $222M |
| Sep '22 | $76M | $183M | 0.0% | 0.0% | 7.6% | 1.9% | — | — | $319M |
| Jun '22 | $76M | $71M | 0.0% | 0.0% | 3.1% | 0.7% | — | — | $242M |
| Mar '22 | $64M | $15M | 0.0% | 0.0% | 0.7% | 0.2% | — | — | $216M |
| Dec '21 | $71M | $37M | 0.0% | 0.0% | 1.6% | 0.4% | — | — | $343M |
| Sep '21 | $67M | $60M | 0.0% | 0.0% | 2.6% | 0.8% | — | $773M | $243M |
How the market has priced ARI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Apollo Commercial Real Estate Finance, Inc.'s revenue has declined 0.5% per year, and net income grown 47.1% per year. These are computed facts, not advice.
As of FY2025, Apollo Commercial Real Estate Finance, Inc. reported — of total debt against $140M of cash.
In FY2025, gross margin was —, operating margin —, and net margin 46.7%.
As of Sep '26, Apollo Commercial Real Estate Finance, Inc. traded at a price-to-earnings ratio of about 6.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.