Apollo Global Management (New) (APO) vs Blackstone (BX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Apollo Global Management (New) (APO) has outperformed Blackstone (BX) over the past year, losing 8.3% versus a loss of 32.2%. Over five years, APO leads with a +71.4% price change compared with -9.1% for BX. Blackstone is the larger company by market cap ($133.67 billion vs $68.24 billion), about 2.0 times the size, while Apollo Global Management (New) is growing revenue faster (+22.7% vs +9.2%).
On valuation, Apollo Global Management (New) trades at a lower forward P/E (10.8x vs 15.1x for Blackstone). Blackstone offers the higher dividend yield (4.68% vs 1.86%). Blackstone converts more of its revenue into profit, with a net margin of 20.9% 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 | BX |
|---|---|---|
| Share price | $115.55 | $111.83 |
| Market cap | $68.24B | $133.67B |
| 1-day change | -0.34% | -1.35% |
| YTD return | -20.18% | -27.45% |
| 1-year return | -8.33% | -32.19% |
| 5-year return | +71.39% | -9.10% |
| P/E ratio (TTM) | 41.42 | 25.36 |
| Forward P/E | 10.80 | 15.07 |
| EPS (TTM) | $2.79 | $4.41 |
| Dividend yield | 1.86% | 4.68% |
| Annual dividend | $2.15 | $5.23 |
| Revenue (latest FY) | $32.05B | $14.45B |
| Revenue growth (YoY) | +22.73% | +9.22% |
| Net income (latest FY) | $3.49B | $3.02B |
| Net margin | 10.90% | 20.89% |
| 52-week high | $153.29 | $166.39 |
| 52-week low | $99.56 | $101.73 |
| Distance from 52-week high | -24.62% | -32.79% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +31.07% | +26.66% |
| Average volume | 3.36M | 4.39M |
| Shares outstanding | 590.54M | 750.63M |
| Employees | 6,140 | 5,285 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
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 BX by 23.9 percentage points over the past year.
- Apollo Global Management (New) trades at a higher earnings multiple (41.4x vs 25.4x trailing P/E).
- Blackstone offers a meaningfully higher dividend yield (4.68% vs 1.86%).
- Blackstone is more profitable, keeping 20.9 cents of every revenue dollar as net income versus 10.9 cents for Apollo Global Management (New).
- Apollo Global Management (New) grew revenue faster in its latest fiscal year (+22.73% vs +9.22%).
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.
Finance · Investment Managers · 6,140 employees
About Blackstone
BX stock →Blackstone Inc. is an alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies.
Finance · Investment Managers · 5,285 employees
APO vs BX FAQ
Which is bigger, Apollo Global Management (New) or Blackstone?
Blackstone (BX) is larger, with a market capitalization of $133.67B compared with $68.24B for Apollo Global Management (New) (APO).
Which stock has performed better over the past year, APO or BX?
APO returned -8.33% over the past 12 months, compared with -32.19% for BX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, APO or BX?
BX has the lower trailing P/E at 25.4, versus 41.4 for APO. 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 Blackstone?
Blackstone has the higher yield at 4.68%, compared with 1.86% for Apollo Global Management (New).
Are Apollo Global Management (New) and Blackstone in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.