Apollo Global Management (New) (APO) vs Ares Management (ARES)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Apollo Global Management (New) (APO) has outperformed Ares Management (ARES) over the past year, losing 8.6% versus a loss of 21.9%. Over five years, APO leads with a +70.8% price change compared with +51.3% for ARES. Apollo Global Management (New) is the larger company by market cap ($68.24 billion vs $38.40 billion), about 1.8 times the size, while Ares Management is growing revenue faster (+28.9% vs +22.7%).
On valuation, Apollo Global Management (New) trades at a lower forward P/E (10.8x vs 16.2x for Ares Management). Ares Management offers the higher dividend yield (4.27% vs 1.86%). Ares Management converts more of its revenue into profit, with a net margin of 11.1% versus 10.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | APO | ARES |
|---|---|---|
| Share price | $115.55 | $115.75 |
| Market cap | $68.24B | $38.40B |
| 1-day change | -0.34% | -1.69% |
| YTD return | -20.44% | -28.19% |
| 1-year return | -8.63% | -21.92% |
| 5-year return | +70.82% | +51.26% |
| P/E ratio (TTM) | 41.42 | 53.34 |
| Forward P/E | 10.80 | 16.21 |
| EPS (TTM) | $2.79 | $2.17 |
| Dividend yield | 1.86% | 4.27% |
| Annual dividend | $2.15 | $4.94 |
| Revenue (latest FY) | $32.05B | $4.76B |
| Revenue growth (YoY) | +22.73% | +28.86% |
| Net income (latest FY) | $3.49B | $527.36M |
| Net margin | 10.90% | 11.09% |
| 52-week high | $153.29 | $181.19 |
| 52-week low | $99.56 | $95.80 |
| Distance from 52-week high | -24.62% | -36.12% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +31.07% | +26.70% |
| Average volume | 3.36M | 2.16M |
| Shares outstanding | 590.54M | 223.96M |
| Employees | 6,140 | 4,343 |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- APO has outperformed ARES by 13.3 percentage points over the past year.
- Ares Management trades at a higher earnings multiple (53.3x vs 41.4x trailing P/E).
- Ares Management offers a meaningfully higher dividend yield (4.27% vs 1.86%).
- Ares Management grew revenue faster in its latest fiscal year (+28.86% vs +22.73%).
About Apollo Global Management (New)
APO stock →Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets.
Financial Services · Asset Management · 6,140 employees
About Ares Management
ARES stock →Ares Management Corporation operates as an alternative asset manager. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies.
Financial Services · Asset Management · 4,343 employees
APO vs ARES FAQ
Which is bigger, Apollo Global Management (New) or Ares Management?
Apollo Global Management (New) (APO) is larger, with a market capitalization of $68.24B compared with $38.40B for Ares Management (ARES).
Which stock has performed better over the past year, APO or ARES?
APO returned -8.63% over the past 12 months, compared with -21.92% for ARES (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, APO or ARES?
APO has the lower trailing P/E at 41.4, versus 53.3 for ARES. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Apollo Global Management (New) or Ares Management?
Ares Management has the higher yield at 4.27%, compared with 1.86% for Apollo Global Management (New).
Are Apollo Global Management (New) and Ares Management in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.