APO vs FNV vs TFPM Stock Comparison

Apollo Global Management, Franco Nevada and Triple Flag Precious Metals Prices as of Nov 5, 2026 Peers: Industry group
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FNV FRANCO NEVADA Corp
$250.72 +2.8% 1M +33.6% 1Y
Market cap
$48.60B
P/E
33.4x
Revenue (TTM)
$2.32B
Div. yield
0.01%
Alternative Asset Managers Financial Services
4 wins

Head to Head

12 decided of 12

Apollo Global Management leads on 5 of the 12 questions below (Apollo Global Management 5, Franco Nevada 4, Triple Flag Precious Metals 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAPOFNVTFPMLeader
Larger companyMarket capitalisation $70.07B $48.60B $6.37B APO
Cheaper on earningsLower P/E, profitable companies only -70.7x 33.4x 18.9x TFPM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.0x 32.0x 22.5x APO
Faster revenue growthRevenue growth, trailing twelve months +12.2% +73.6% +45.9% FNV
More profitableNet margin, trailing twelve months -3.2% 62.8% 67.3% TFPM
Better return on capitalReturn on invested capital 0.9% — 12.3% TFPM
Less leveragedLower net debt / EBITDA -1.9x — 0.3x APO
Higher dividend yieldTrailing dividend yield 0.02% 0.01% 0.00% APO
Better 1-year returnPrice return, last 12 months -12.3% +33.6% +10.9% FNV
Better 5-year returnAnnualised price return, 5 years +8.8%/yr +11.9%/yr — FNV
Less volatileAnnualised volatility, 1 year 37.5% 39.9% 44.9% APO
Higher overall scoreMean of the five percentile scores vs peers 61/100 81/100 69/100 FNV

Percentile Scorecard

APOFNVTFPM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAPOFNVTFPM
Valuation 84 #33 of 200 56 #89 of 200 53 #94 of 200
Growth 46 #64 of 117 91 #12 of 117 90 #13 of 117
Profitability 50 #72 of 144 99 #3 of 144 88 #18 of 144
Financial Health 70 #51 of 166 99 #3 of 166 90 #17 of 166
Shareholder Returns 55 #37 of 81 64 #30 of 81 23 #63 of 81
Overall 61 81 69
  • APO ranked among 210 companies in Asset and Wealth Management
  • FNV ranked among 210 companies in Asset and Wealth Management
  • TFPM ranked among 210 companies in Asset and Wealth Management

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAPOFNVTFPMSPY
1 month +1.2%+2.8%+0.5% -5.9%
3 months -8.3%+8.5%-4.1% -4.6%
6 months -8.2%+9.9%-4.8% +0.2%
Year to date -19.0%+21.0%-7.2% +7.5%
1 year -12.3%+33.6%+10.9% +8.2%
3 years +41.1%+101.5%+135.7% +68.3%
3 years, per year +12.2%+26.3%+33.1% +19.0%
5 years +52.5%+75.3%— +56.5%
5 years, per year +8.8%+11.9%— +9.4%
10 years +563.9%+272.0%— +251.5%
10 years, per year +20.8%+14.0%— +13.4%

Risk

MeasureAPOFNVTFPMSPY
Volatility, 1Y 37.5%39.9%44.9% 13.6%
Downside volatility, 1Y 38.5%42.6%48.8% 14.2%
Beta vs S&P 500, 1Y 1.191.101.40 1.00
Return / volatility, 1Y -0.330.840.24 0.60
Max drawdown, 5Y -43.8%-38.2%-35.1% -25.4%
From 52-week high -23.2%-10.7%-25.5% -5.9%
52-week high $152.70$280.82$41.36 $779.14
52-week low $100.30$187.72$26.85 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAPOFNVTFPM
P/E now vs peer median -71.3xmedian 33.2x 33.2xmedian 33.2x 18.6xmedian 33.2x
P/S now vs peer median 2.2xmedian 4.4x 20.9xmedian 4.4x 12.7xmedian 4.4x
EV/EBITDA now vs peer median 16.9xmedian 13.0x 22.0xmedian 13.0x 16.9xmedian 13.0x
P/FCF now vs peer median 7.4xmedian 14.5x 27.3xmedian 14.5x -14.4xmedian 14.5x
P/B now vs peer median 1.9xmedian 1.8x 5.9xmedian 1.8x 2.8xmedian 1.8x
PEG now vs peer median 2.19median 0.77 1.11median 0.77 0.22median 0.77

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAPOFNVTFPM
Revenue $30.82B $2.32B $501.80M
Gross profit $26.24B $1.79B $347.04M
Operating income $1.95B $1.82B $308.79M
Net income $221.00M $1.48B $414.30M
Free cash flow $9.31B $1.77B -$441.10M
R&D – – $4.45M
EPS (diluted) $-1.64 $7.54 $1.65
Cash & equivalents $21.78B $1.01B $20.35M
Total debt $14.75B – $185.00M
Shares (diluted) 602.63M 193.00M 204.07M
Enterprise value -$16.09B $45.96B $5.93B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAPOFNVTFPM
P/E -71.3x 33.2x 18.6x
P/FCF 7.4x 27.3x -14.4x
P/Operating cash flow 7.4x 27.2x 15.7x
P/S 2.2x 20.9x 12.7x
P/B 1.9x 5.9x 2.8x
P/Tangible book 1.9x 5.9x 2.8x
EV/EBITDA 16.9x 22.0x 16.9x
EV/EBIT 31.9x 26.0x 21.0x
EV/Revenue 2.0x 20.4x 12.9x
EV/FCF 6.7x 26.7x -14.7x
EV/Operating cash flow 6.7x 26.6x 15.9x
PEG (3Y EPS CAGR) 2.19 1.11 0.22

Growth

14 metrics
MetricAPOFNVTFPM
Revenue growth (1Y) 12.2% 73.6% 45.9%
Revenue CAGR (3Y) 5.2% 23.5% 41.7%
Gross profit growth (1Y) 4.3% 88.6% 55.8%
Gross profit CAGR (3Y) – 32.0% 53.7%
Operating income growth (1Y) -60.6% 89.7% 56.8%
Operating income CAGR (3Y) – 34.4% 89.4%
Net income growth (1Y) -96.3% 88.3% 102.6%
Net income CAGR (3Y) -61.8% 30.6% 114.5%
EPS growth (1Y) -123.8% 87.7% 448.2%
EPS CAGR (3Y) -32.5% 29.9% 85.0%
Operating cash flow growth (1Y) 261.7% 53.7% 41.6%
Operating cash flow CAGR (3Y) 17.6% 20.0% 42.7%
Free cash flow growth (1Y) 261.7% 83.9% -215.4%
Free cash flow CAGR (3Y) 17.6% 19.8% -62.0%

Profitability

14 metrics
MetricAPOFNVTFPM
Gross margin 85.1% 77.3% 69.2%
EBITDA margin 12.0% 93.0% 76.4%
Operating margin 6.3% 78.5% 61.5%
Pretax margin 9.9% 85.0% 89.4%
Net margin -3.2% 62.8% 67.3%
FCF margin 30.2% 76.4% -87.9%
Operating cash flow margin 30.2% 76.7% 80.9%
Return on equity 1.8% 18.1% 18.0%
Return on assets 0.1% 16.7% 16.2%
Return on invested capital 0.9% – 12.3%
Return on capital employed – 20.9% 12.2%
Asset turnover 0.1x 0.3x 0.2x
Cash conversion (OCF / net income) 42.1x 1.2x 1.0x
Stock comp / revenue 3.2% 0.2% 2.4%

Financial Health

11 metrics
MetricAPOFNVTFPM
Debt / assets 3.0% – 7.3%
Debt / equity 0.4x – 0.1x
Net debt / EBITDA -1.9x – 0.3x
Debt / FCF 1.6x – -0.4x
Liabilities / assets 92.7% 7.6% 9.4%
Equity / assets 7.3% 92.4% 90.6%
Interest coverage 6.1x 1,070x –
Current ratio – 9.4x 3.9x
Quick ratio – 8.5x 3.1x
Cash ratio – 6.9x 2.3x
Altman Z-score – 43.98 16.83

Shareholder Returns

7 metrics
MetricAPOFNVTFPM
Dividend yield 1.8% 0.7% 0.8%
Net buyback yield 1.6% 0.0% 0.4%
Shareholder yield 3.4% 0.7% 1.1%
Payout ratio (earnings) 595.5% 18.0% –
Payout ratio (FCF) 14.1% 15.1% –
Dividend growth (1Y) 12.8% 12.4% –
Dividend CAGR (3Y) 9.8% 11.0% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAPOFNVTFPM
Forward P/E 13.0xFY2026 32.0xFY2026 22.5xFY2026
EPS, next fiscal year $9.00FY2026 $7.83FY2026 $1.37FY2026
EPS growth, next FY +7.4%FY2026 +40.3%FY2026 +35.6%FY2026
EPS growth, the year after +24.3% +8.8% -0.7%
Revenue, next fiscal year $24.45BFY2026 $2.66BFY2026 $490.45MFY2026
Revenue growth, next FY -23.7%FY2026 +46.4%FY2026 +26.2%FY2026
Revenue growth, the year after +4.4% +1.3% +11.8%
APO estimates →FNV estimates →TFPM estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPOFNVTFPM
Held by institutions 64.5% 71.6% 86.4%
Institutions holding 1,170 663 225
Change in shares held, QoQ -1.0% +0.4% +0.3%
Institutions buying 643 336 129
Institutions selling 373 207 53
Buyers to sellers 1.72 1.62 2.43
APO holders →FNV holders →TFPM holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

APOFNVTFPM
APO 1.00 0.10 0.08
FNV 0.10 1.00 0.88
TFPM 0.08 0.88 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, APO, FNV and TFPM?

Apollo Global Management (APO) is the largest by market capitalisation: Apollo Global Management (APO) $70.07B, Franco Nevada (FNV) $48.60B, Triple Flag Precious Metals (TFPM) $6.37B.

Which stock is cheaper, APO, FNV and TFPM?

Triple Flag Precious Metals (TFPM) trades on the lowest price-to-earnings ratio (Apollo Global Management (APO) -70.7x, Franco Nevada (FNV) 33.4x, Triple Flag Precious Metals (TFPM) 18.9x). On next year's consensus earnings, Apollo Global Management (APO) is cheapest (Apollo Global Management (APO) 13.0x, Franco Nevada (FNV) 32.0x, Triple Flag Precious Metals (TFPM) 22.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Franco Nevada (FNV) grew revenue fastest over the trailing twelve months: Apollo Global Management (APO) +12.2%, Franco Nevada (FNV) +73.6%, Triple Flag Precious Metals (TFPM) +45.9%.

Which company is more profitable?

Triple Flag Precious Metals (TFPM) has the highest net margin (Apollo Global Management (APO) -3.2%, Franco Nevada (FNV) 62.8%, Triple Flag Precious Metals (TFPM) 67.3%). On return on invested capital, Triple Flag Precious Metals (TFPM) leads (Apollo Global Management (APO) 0.9%, Triple Flag Precious Metals (TFPM) 12.3%).

Which stock has performed better?

Over the past year Franco Nevada (FNV) returned the most: Apollo Global Management (APO) -12.3%, Franco Nevada (FNV) +33.6%, Triple Flag Precious Metals (TFPM) +10.9%. Over five years, Franco Nevada (FNV) compounded fastest (Apollo Global Management (APO) +8.8%/yr, Franco Nevada (FNV) +11.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Apollo Global Management (APO) has the highest dividend yield: Apollo Global Management (APO) 0.02%, Franco Nevada (FNV) 0.01%, Triple Flag Precious Metals (TFPM) 0.00%. Triple Flag Precious Metals (TFPM) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Apollo Global Management (APO) has been the steadiest (Apollo Global Management (APO) 37.5%, Franco Nevada (FNV) 39.9%, Triple Flag Precious Metals (TFPM) 44.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, APO, FNV and TFPM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Apollo Global Management (APO) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.