APO vs. PAX: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at APO and PAX, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Overview
APO’s market capitalization of 82.56 billion USD is substantially larger than PAX’s 2.29 billion USD, indicating a significant difference in their market valuations.
APO’s beta of 1.57 points to significantly higher volatility compared to PAX (beta: 0.67), suggesting APO has greater potential for both gains and losses relative to market movements.
| Symbol | APO | PAX |
|---|---|---|
| Company Name | Apollo Global Management, Inc. | Patria Investments Limited |
| Country | US | KY |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management - Global | Asset Management |
| CEO | Marc Jeffrey Rowan | Alexandre Teixeira de Assumpcao Saigh |
| Price | 144.47 USD | 14.49 USD |
| Market Cap | 82.56 billion USD | 2.29 billion USD |
| Beta | 1.57 | 0.67 |
| Exchange | NYSE | NASDAQ |
| IPO Date | March 30, 2011 | January 22, 2021 |
| ADR | No | No |
Historical Performance
This chart compares the performance of APO and PAX 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.
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.
PAX
14.29%
Asset Management Industry
- Max
- 34.25%
- Q3
- 18.22%
- Median
- 11.24%
- Q1
- 5.81%
- Min
- -5.72%
PAX’s Return on Equity of 14.29% is on par with the norm for the Asset Management industry, indicating its profitability relative to shareholder equity is typical for the sector.
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.
PAX
14.87%
Asset Management Industry
- Max
- 42.18%
- Q3
- 20.06%
- Median
- 8.68%
- Q1
- 3.13%
- Min
- -16.42%
PAX’s Return on Invested Capital of 14.87% is in line with the norm for the Asset Management industry, reflecting a standard level of efficiency in generating profits from its capital base.
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.
PAX
18.64%
Asset Management Industry
- Max
- 91.66%
- Q3
- 57.81%
- Median
- 29.48%
- Q1
- 15.70%
- Min
- -27.65%
PAX’s Net Profit Margin of 18.64% is aligned with the median group of its peers in the Asset Management industry. This indicates its ability to convert revenue into profit is typical for the sector.
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.
PAX
43.68%
Asset Management Industry
- Max
- 99.76%
- Q3
- 78.28%
- Median
- 34.76%
- Q1
- 21.75%
- Min
- -48.25%
PAX’s Operating Profit Margin of 43.68% is around the midpoint for the Asset Management industry, indicating that its efficiency in managing core business operations is typical for the sector.
Profitability at a Glance
| Symbol | APO | PAX |
|---|---|---|
| Return on Equity (TTM) | 21.02% | 14.29% |
| Return on Assets (TTM) | 0.91% | 5.68% |
| Return on Invested Capital (TTM) | 5.75% | 14.87% |
| Net Profit Margin (TTM) | 14.59% | 18.64% |
| Operating Profit Margin (TTM) | 29.75% | 43.68% |
| Gross Profit Margin (TTM) | 91.14% | 63.21% |
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.
PAX
0.97
Asset Management Industry
- Max
- 12.44
- Q3
- 5.76
- Median
- 3.04
- Q1
- 1.03
- Min
- 0.01
PAX’s Current Ratio of 0.97 falls into the lower quartile for the Asset Management industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.
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.
PAX
0.35
Asset Management Industry
- Max
- 2.62
- Q3
- 1.42
- Median
- 0.76
- Q1
- 0.34
- Min
- 0.01
PAX’s Debt-to-Equity Ratio of 0.35 is typical for the Asset Management industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.
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.
PAX
16.04
Asset Management Industry
- Max
- 13.30
- Q3
- 6.30
- Median
- 2.71
- Q1
- 1.00
- Min
- -6.91
With an Interest Coverage Ratio of 16.04, PAX demonstrates a superior capacity to service its debt, placing it well above the typical range for the Asset Management industry. This stems from either robust earnings or a conservative debt load.
Financial Strength at a Glance
| Symbol | APO | PAX |
|---|---|---|
| Current Ratio (TTM) | 0.80 | 0.97 |
| Quick Ratio (TTM) | 0.80 | 0.97 |
| Debt-to-Equity Ratio (TTM) | 0.59 | 0.35 |
| Debt-to-Asset Ratio (TTM) | 0.03 | 0.15 |
| Net Debt-to-EBITDA Ratio (TTM) | -0.35 | 0.91 |
| Interest Coverage Ratio (TTM) | 21.30 | 16.04 |
Growth
The following charts compare key year-over-year (YoY) growth metrics for APO and PAX. These metrics are based on the companies’ annual financial reports.
Revenue Growth
Earnings Per Share (EPS) Growth
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.
PAX
4.14%
Asset Management Industry
- Max
- 26.09%
- Q3
- 11.60%
- Median
- 6.37%
- Q1
- 2.75%
- Min
- 0.00%
PAX’s Dividend Yield of 4.14% is consistent with its peers in the Asset Management industry, providing a dividend return that is standard for its sector.
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.
PAX
99.70%
Asset Management Industry
- Max
- 1,034.88%
- Q3
- 127.70%
- Median
- 75.15%
- Q1
- 34.21%
- Min
- 0.00%
PAX’s Dividend Payout Ratio of 99.70% is within the typical range for the Asset Management industry, suggesting a balanced approach between shareholder payouts and company reinvestment.
Dividend at a Glance
| Symbol | APO | PAX |
|---|---|---|
| Dividend Yield (TTM) | 1.31% | 4.14% |
| Dividend Payout Ratio (TTM) | 33.63% | 99.70% |
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.
PAX
31.51
Asset Management Industry
- Max
- 38.72
- Q3
- 23.40
- Median
- 11.45
- Q1
- 8.80
- Min
- 1.54
A P/E Ratio of 31.51 places PAX in the upper quartile for the Asset Management industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.
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.
PAX
2.99
Asset Management Industry
- Max
- 6.38
- Q3
- 3.23
- Median
- 1.55
- Q1
- 0.89
- Min
- 0.02
PAX’s Forward PEG Ratio of 2.99 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.
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.
PAX
5.87
Asset Management Industry
- Max
- 13.75
- Q3
- 7.92
- Median
- 4.87
- Q1
- 3.51
- Min
- 0.02
PAX’s P/S Ratio of 5.87 aligns with the market consensus for the Asset Management industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.
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.
PAX
4.17
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.
Valuation at a Glance
| Symbol | APO | PAX |
|---|---|---|
| Price-to-Earnings Ratio (P/E, TTM) | 23.62 | 31.51 |
| Forward PEG Ratio (TTM) | -0.24 | 2.99 |
| Price-to-Sales Ratio (P/S, TTM) | 3.35 | 5.87 |
| Price-to-Book Ratio (P/B, TTM) | 4.72 | 4.17 |
| Price-to-Free Cash Flow Ratio (P/FCF, TTM) | 23.24 | 22.79 |
| EV-to-EBITDA (TTM) | 10.22 | 14.14 |
| EV-to-Sales (TTM) | 3.24 | 6.28 |