APO vs. KKR: A Head-to-Head Stock Comparison

Updated on July 8, 2025

Here’s a clear look at APO and KKR, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

APO’s market capitalization stands at 82.56 billion USD, while KKR’s is 123.44 billion USD, indicating their market valuations are broadly comparable.

With betas of 1.57 for APO and 1.88 for KKR, both stocks show similar sensitivity to overall market movements.

Symbol	APO	KKR
Company Name	Apollo Global Management, Inc.	KKR & Co. Inc.
Country	US	US
Sector	Financial Services	Financial Services
Industry	Asset Management - Global	Asset Management
CEO	Marc Jeffrey Rowan	Joseph Y. Bae
Price	144.47 USD	138.6 USD
Market Cap	82.56 billion USD	123.44 billion USD
Beta	1.57	1.88
Exchange	NYSE	NYSE
IPO Date	March 30, 2011	July 15, 2010
ADR	No	No

Historical Performance

This chart compares the performance of APO and KKR by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

APO vs. KKR: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

APO

21.02%

Asset Management - Global Industry

Max: 21.02%
Q3: 10.69%
Median: 0.36%
Q1: -9.97%
Min: -20.30%

In the upper quartile for the Asset Management - Global industry, APO’s Return on Equity of 21.02% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

KKR

9.12%

Asset Management Industry

Max: 34.25%
Q3: 18.22%
Median: 11.24%
Q1: 5.81%
Min: -5.72%

KKR’s Return on Equity of 9.12% is on par with the norm for the Asset Management industry, indicating its profitability relative to shareholder equity is typical for the sector.

APO vs. KKR: A comparison of their ROE against their respective Asset Management - Global and Asset Management industry benchmarks.

Return on Invested Capital

APO

5.75%

Asset Management - Global Industry

Max: 5.75%
Q3: 2.40%
Median: -0.94%
Q1: -4.29%
Min: -7.64%

In the upper quartile for the Asset Management - Global industry, APO’s Return on Invested Capital of 5.75% signifies a highly effective use of its capital to generate profits when compared to its peers.

KKR

-0.03%

Asset Management Industry

Max: 42.18%
Q3: 20.06%
Median: 8.68%
Q1: 3.13%
Min: -16.42%

KKR has a negative Return on Invested Capital of -0.03%. This indicates that its operations are failing to generate a profit on the total capital invested, signaling significant inefficiency or value destruction.

APO vs. KKR: A comparison of their ROIC against their respective Asset Management - Global and Asset Management industry benchmarks.

Net Profit Margin

APO

14.59%

Asset Management - Global Industry

Max: 14.59%
Q3: -4.29%
Median: -23.18%
Q1: -42.06%
Min: -60.94%

A Net Profit Margin of 14.59% places APO in the upper quartile for the Asset Management - Global industry, signifying strong profitability and more effective cost management than most of its peers.

KKR

14.63%

Asset Management Industry

Max: 91.66%
Q3: 57.81%
Median: 29.48%
Q1: 15.70%
Min: -27.65%

Falling into the lower quartile for the Asset Management industry, KKR’s Net Profit Margin of 14.63% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.

APO vs. KKR: A comparison of their Net Profit Margin against their respective Asset Management - Global and Asset Management industry benchmarks.

Operating Profit Margin

APO

29.75%

Asset Management - Global Industry

Max: 29.75%
Q3: 12.31%
Median: -5.13%
Q1: -22.57%
Min: -40.02%

An Operating Profit Margin of 29.75% places APO in the upper quartile for the Asset Management - Global industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.

KKR

-0.81%

Asset Management Industry

Max: 99.76%
Q3: 78.28%
Median: 34.76%
Q1: 21.75%
Min: -48.25%

KKR has a negative Operating Profit Margin of -0.81%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

APO vs. KKR: A comparison of their Operating Margin against their respective Asset Management - Global and Asset Management industry benchmarks.

Profitability at a Glance

Symbol	APO	KKR
Return on Equity (TTM)	21.02%	9.12%
Return on Assets (TTM)	0.91%	0.59%
Return on Invested Capital (TTM)	5.75%	-0.03%
Net Profit Margin (TTM)	14.59%	14.63%
Operating Profit Margin (TTM)	29.75%	-0.81%
Gross Profit Margin (TTM)	91.14%	18.09%

Financial Strength

Current Ratio

APO

0.80

Asset Management - Global Industry

Max: 1.36
Q3: 1.22
Median: 1.08
Q1: 0.94
Min: 0.80

APO’s Current Ratio of 0.80 falls into the lower quartile for the Asset Management - Global industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

KKR

4.11

Asset Management Industry

Max: 12.44
Q3: 5.76
Median: 3.04
Q1: 1.03
Min: 0.01

KKR’s Current Ratio of 4.11 aligns with the median group of the Asset Management industry, indicating that its short-term liquidity is in line with its sector peers.

APO vs. KKR: A comparison of their Current Ratio against their respective Asset Management - Global and Asset Management industry benchmarks.

Debt-to-Equity Ratio

APO

0.59

Asset Management - Global Industry

Max: 0.59
Q3: 0.47
Median: 0.34
Q1: 0.22
Min: 0.09

APO’s leverage is in the upper quartile of the Asset Management - Global industry, with a Debt-to-Equity Ratio of 0.59. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.

KKR

1.85

Asset Management Industry

Max: 2.62
Q3: 1.42
Median: 0.76
Q1: 0.34
Min: 0.01

KKR’s leverage is in the upper quartile of the Asset Management industry, with a Debt-to-Equity Ratio of 1.85. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.

APO vs. KKR: A comparison of their D/E Ratio against their respective Asset Management - Global and Asset Management industry benchmarks.

Interest Coverage Ratio

APO

21.30

Asset Management - Global Industry

Max: 21.30
Q3: 14.75
Median: 8.19
Q1: 1.64
Min: -4.91

APO’s Interest Coverage Ratio of 21.30 is in the upper quartile for the Asset Management - Global industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.

KKR

-0.04

Asset Management Industry

Max: 13.30
Q3: 6.30
Median: 2.71
Q1: 1.00
Min: -6.91

KKR has a negative Interest Coverage Ratio of -0.04. This indicates that its earnings were insufficient to cover even its operational costs, let alone its interest payments, signaling significant financial distress.

APO vs. KKR: A comparison of their Interest Coverage against their respective Asset Management - Global and Asset Management industry benchmarks.

Financial Strength at a Glance

Symbol	APO	KKR
Current Ratio (TTM)	0.80	4.11
Quick Ratio (TTM)	0.80	4.11
Debt-to-Equity Ratio (TTM)	0.59	1.85
Debt-to-Asset Ratio (TTM)	0.03	0.14
Net Debt-to-EBITDA Ratio (TTM)	-0.35	3.86
Interest Coverage Ratio (TTM)	21.30	-0.04

Growth

The following charts compare key year-over-year (YoY) growth metrics for APO and KKR. These metrics are based on the companies’ annual financial reports.

Revenue Growth

APO vs. KKR: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

APO vs. KKR: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

APO vs. KKR: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

APO

1.31%

Asset Management - Global Industry

Max: 1.33%
Q3: 1.00%
Median: 0.66%
Q1: 0.33%
Min: 0.00%

With a Dividend Yield of 1.31%, APO offers a more attractive income stream than most of its peers in the Asset Management - Global industry, signaling a strong commitment to shareholder returns.

KKR

0.51%

Asset Management Industry

Max: 26.09%
Q3: 11.60%
Median: 6.37%
Q1: 2.75%
Min: 0.00%

KKR’s Dividend Yield of 0.51% is in the lower quartile for the Asset Management industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

APO vs. KKR: A comparison of their Dividend Yield against their respective Asset Management - Global and Asset Management industry benchmarks.

Dividend Payout Ratio

APO

33.63%

Asset Management - Global Industry

Max: --
Q3: --
Median: --
Q1: --
Min: --

APO has a Dividend Payout Ratio of 33.63%, but industry benchmark data for the Asset Management - Global sector is unavailable for comparison.

KKR

28.15%

Asset Management Industry

Max: 1,034.88%
Q3: 127.70%
Median: 75.15%
Q1: 34.21%
Min: 0.00%

KKR’s Dividend Payout Ratio of 28.15% is in the lower quartile for the Asset Management industry. This suggests a conservative dividend policy, with a strategic focus on reinvesting profits for future growth.

APO vs. KKR: A comparison of their Payout Ratio against their respective Asset Management - Global and Asset Management industry benchmarks.

Dividend at a Glance

Symbol	APO	KKR
Dividend Yield (TTM)	1.31%	0.51%
Dividend Payout Ratio (TTM)	33.63%	28.15%

Valuation

Price-to-Earnings Ratio

APO

23.62

Asset Management - Global Industry

Max: --
Q3: --
Median: --
Q1: --
Min: --

APO has a P/E Ratio of 23.62, but a direct industry comparison is not possible as benchmark data for the Asset Management - Global sector is unavailable.

KKR

55.75

Asset Management Industry

Max: 38.72
Q3: 23.40
Median: 11.45
Q1: 8.80
Min: 1.54

At 55.75, KKR’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Asset Management industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

APO vs. KKR: A comparison of their P/E Ratio against their respective Asset Management - Global and Asset Management industry benchmarks.

Forward P/E to Growth Ratio

APO

-0.24

Asset Management - Global Industry

Max: --
Q3: --
Median: --
Q1: --
Min: --

APO has a negative Forward PEG Ratio of -0.24. This typically results from negative earnings or forecasts of declining future earnings, making the ratio not meaningful for valuation.

KKR

2.28

Asset Management Industry

Max: 6.38
Q3: 3.23
Median: 1.55
Q1: 0.89
Min: 0.02

KKR’s Forward PEG Ratio of 2.28 is within the middle range of its peers in the Asset Management industry. This suggests a reasonable balance between the stock’s price and its expected growth, aligning with sector valuation norms.

APO vs. KKR: A comparison of their Forward PEG Ratio against their respective Asset Management - Global and Asset Management industry benchmarks.

Price-to-Sales Ratio

APO

3.35

Asset Management - Global Industry

Max: 5.92
Q3: 5.27
Median: 4.62
Q1: 3.97
Min: 3.32

In the lower quartile for the Asset Management - Global industry, APO’s P/S Ratio of 3.35 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

KKR

8.18

Asset Management Industry

Max: 13.75
Q3: 7.92
Median: 4.87
Q1: 3.51
Min: 0.02

KKR’s P/S Ratio of 8.18 is in the upper echelon for the Asset Management industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

APO vs. KKR: A comparison of their P/S Ratio against their respective Asset Management - Global and Asset Management industry benchmarks.

Price-to-Book Ratio

APO

4.72

Asset Management - Global Industry

Max: 4.67
Q3: 3.65
Median: 2.63
Q1: 1.61
Min: 0.59

The P/B Ratio is often not a primary valuation metric for the Asset Management - Global industry.

KKR

4.48

Asset Management Industry

Max: 5.33
Q3: 2.75
Median: 1.06
Q1: 0.87
Min: 0.00

The P/B Ratio is often not a primary valuation metric for the Asset Management industry.

APO vs. KKR: A comparison of their P/B Ratio against their respective Asset Management - Global and Asset Management industry benchmarks.

Valuation at a Glance

Symbol	APO	KKR
Price-to-Earnings Ratio (P/E, TTM)	23.62	55.75
Forward PEG Ratio (TTM)	-0.24	2.28
Price-to-Sales Ratio (P/S, TTM)	3.35	8.18
Price-to-Book Ratio (P/B, TTM)	4.72	4.48
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	23.24	16.40
EV-to-EBITDA (TTM)	10.22	18.40
EV-to-Sales (TTM)	3.24	10.35