Apollo Commercial Real Estate Finance, Inc. (ARI) Stock Analysis
Real Estate · REIT - Mortgage · NYSE
Apollo Commercial Real Estate Finance, Inc. (ARI) posted $166.69M in revenue for fiscal 2025 (down 16.2% year over year), at a 68.7% net margin, and has compounded revenue about -9.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Apollo Commercial Real Estate Finance, Inc.
Apollo Commercial Real Estate Finance, Inc. has grown revenue from $0 to $166.69M over the last 10 fiscal years, compounding about -9.8% a year. The most recent year was down 16.2%, so growth has cooled from its longer-run pace.
Net margin sits at 68.7%, up 135 points year over year.
The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Apollo Commercial Real Estate Finance, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Apollo Commercial Real Estate Finance, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $334.48M | $278.68M | $284.51M | $241.58M | $252.17M | $198.98M | $166.69M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $157.88M | $193.03M | $219.99M | $230.17M | $18.38M | $223.51M | $252.96M | $45.85M | $-131.91M | $114.45M |
| Net margin | — | — | — | 68.8% | 6.6% | 78.6% | 104.7% | 18.2% | -66.3% | 68.7% |
Source: Apollo Commercial Real Estate Finance, Inc. SEC filings (10-K). 16 years of history available in the interactive view.
Apollo Commercial Real Estate Finance, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 104.7% to 68.7% over ~3 years — profitability is compressing.
Explore 16 years of Apollo Commercial Real Estate Finance, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Apollo Commercial Real Estate Finance, Inc. financial history by metric
Compare Apollo Commercial Real Estate Finance, Inc. with peers
About Apollo Commercial Real Estate Finance, Inc.
Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments. The company is qualified as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if the company distributes at least 90% of its REIT taxable income to its stockholders. Apollo Commercial Real Estate Finance, Inc. was incorporated in 2009 and is based in New York, New York.
Apollo Commercial Real Estate Finance, Inc. — frequently asked questions
What is Apollo Commercial Real Estate Finance, Inc.'s revenue?
Apollo Commercial Real Estate Finance, Inc. (ARI) reported revenue of $166.69M for fiscal year 2025, down 16.2% from the prior year, according to its SEC filings.
Is Apollo Commercial Real Estate Finance, Inc. profitable?
Yes. ARI earned net income of $114.45M in fiscal 2025, a net margin of 68.7%.
What is ARI's P/E ratio?
Apollo Commercial Real Estate Finance, Inc. trades at a price-to-earnings ratio of about 13.5 based on the latest data in our nightly-refreshed cache.
How fast is Apollo Commercial Real Estate Finance, Inc. growing?
ARI's revenue grew at roughly -9.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Apollo Commercial Real Estate Finance, Inc. have?
As of fiscal year 2025, ARI carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Apollo Commercial Real Estate Finance, Inc.'s market cap?
Apollo Commercial Real Estate Finance, Inc. (ARI) has a market capitalization of about $1.43B, based on the latest data in our nightly-refreshed cache.
When does Apollo Commercial Real Estate Finance, Inc.'s fiscal year end?
ARI's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Apollo Commercial Real Estate Finance, Inc.'s official SEC filings (10-K and 10-Q), covering 16 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.