APO vs FNV vs TFPM Stock Comparison

Apollo Global Management, Franco Nevada and Triple Flag Precious Metals Prices as of Oct 27, 2026 Peers: Industry group
FNV FRANCO NEVADA Corp
$236.42 -8.2% 1M +28.5% 1Y
Market cap
$45.58B
P/E
31.3x
Revenue (TTM)
$2.32B
Div. yield
0.72%
Alternative Asset Managers Financial Services
5 wins

Head to Head

11 decided of 12

Apollo Global Management leads on 5 of the 12 questions below (Apollo Global Management 5, Franco Nevada 5, Triple Flag Precious Metals 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAPOFNVTFPMLeader
Larger companyMarket capitalisation $65.82B $45.58B $6.13B APO
Cheaper on earningsLower P/E, profitable companies only 38.0x 31.3x 22.1x TFPM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.7x 30.2x 21.6x APO
Faster revenue growthRevenue growth, trailing twelve months +41.2% +73.6% +50.7% FNV
More profitableNet margin, trailing twelve months 5.0% 62.8% 55.9% FNV
Better return on capitalReturn on invested capital 5.8% — — –
Less leveragedLower net debt / EBITDA -1.8x — 0.4x APO
Higher dividend yieldTrailing dividend yield 1.87% 0.72% 0.81% APO
Better 1-year returnPrice return, last 12 months -9.6% +28.5% +6.8% FNV
Better 5-year returnAnnualised price return, 5 years +7.9%/yr +10.3%/yr — FNV
Less volatileAnnualised volatility, 1 year 36.0% 38.9% 44.1% APO
Higher overall scoreMean of the five percentile scores vs peers 74/100 80/100 73/100 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 87 #24 of 181 56 #81 of 181 52 #87 of 181
Growth 70 #34 of 111 91 #11 of 111 89 #13 of 111
Profitability 62 #50 of 129 98 #3 of 129 90 #14 of 129
Financial Health 79 #36 of 164 98 #5 of 164 90 #17 of 164
Shareholder Returns 73 #21 of 75 57 #33 of 75 46 #41 of 75
Overall 74 80 73
  • APO ranked among 209 companies in Asset and Wealth Management
  • FNV ranked among 209 companies in Asset and Wealth Management
  • TFPM ranked among 209 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 -6.1%-8.2%-7.8% -0.2%
3 months -8.4%+12.3%+3.9% +3.9%
6 months -7.5%+1.7%-8.0% +8.2%
Year to date -21.1%+14.1%-10.7% +12.9%
1 year -9.6%+28.5%+6.8% +12.3%
3 years +42.2%+72.0%+128.5% +87.4%
3 years, per year +12.5%+19.8%+31.7% +23.3%
5 years +45.9%+62.9%— +67.9%
5 years, per year +7.9%+10.3%— +10.9%
10 years +526.1%+272.2%— +261.1%
10 years, per year +20.1%+14.0%— +13.7%

Risk

MeasureAPOFNVTFPMSPY
Volatility, 1Y 36.0%38.9%44.1% 12.7%
Downside volatility, 1Y 37.4%42.2%48.3% 12.7%
Beta vs S&P 500, 1Y 1.141.261.59 1.00
Return / volatility, 1Y -0.270.730.16 0.97
Max drawdown, 5Y -43.8%-38.2%-35.1% -25.4%
From 52-week high -25.2%-15.8%-28.3% -1.2%
52-week high $152.70$280.82$41.36 $779.14
52-week low $100.30$183.97$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 38.0xmedian 34.2x 31.3xmedian 34.2x 22.1xmedian 34.2x
P/S now vs peer median 1.8xmedian 4.9x 19.7xmedian 4.9x 12.5xmedian 4.9x
EV/EBITDA now vs peer median 7.4xmedian 11.7x 20.7xmedian 11.7x 16.6xmedian 11.7x
P/FCF now vs peer median 6.9xmedian 13.2x 25.8xmedian 13.2x -20.3xmedian 13.2x
P/B now vs peer median 1.6xmedian 1.8x 5.5xmedian 1.8x 2.7xmedian 1.8x
PEG now vs peer median 1,869median 0.91 1.05median 0.91 0.43median 0.91

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 $35.90B $2.32B $488.58M
Gross profit $31.30B $1.79B $344.78M
Operating income $5.48B $1.82B $304.60M
Net income $3.80B $1.48B $411.98M
Free cash flow $9.47B $1.77B -$302.33M
R&D – – $4.88M
EPS (diluted) $2.91 $7.54 $1.34
Cash & equivalents $26.82B $1.01B $15.20M
Total debt $13.73B – $248.00M
Shares (diluted) 610.22M 193.00M 204.07M
Enterprise value $3.50B $42.94B $5.71B

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 38.0x 31.3x 22.1x
P/FCF 6.9x 25.8x -20.3x
P/Operating cash flow 6.9x 25.6x 15.5x
P/S 1.8x 19.7x 12.5x
P/B 1.6x 5.5x 2.7x
P/Tangible book 1.6x 5.5x 2.7x
EV/EBITDA 7.4x 20.7x 16.6x
EV/EBIT 9.6x 24.5x 20.6x
EV/Revenue 1.5x 19.2x 12.9x
EV/FCF 5.6x 25.2x -20.8x
EV/Operating cash flow 5.6x 25.1x 15.9x
PEG (3Y EPS CAGR) 1,869 1.05 0.43

Growth

14 metrics
MetricAPOFNVTFPM
Revenue growth (1Y) 41.2% 73.6% 50.7%
Revenue CAGR (3Y) 10.2% 23.5% –
Gross profit growth (1Y) 36.5% 88.6% 76.5%
Gross profit CAGR (3Y) – 32.0% –
Operating income growth (1Y) 38.0% 89.7% 78.1%
Operating income CAGR (3Y) – 34.4% 63.0%
Net income growth (1Y) -27.0% 88.3% 139.3%
Net income CAGR (3Y) 15.9% 30.6% 89.2%
EPS growth (1Y) -47.4% 87.7% 840.2%
EPS CAGR (3Y) 0.0% 29.9% 51.5%
Operating cash flow growth (1Y) 129.7% 53.7% 48.0%
Operating cash flow CAGR (3Y) 4.0% 20.0% 43.8%
Free cash flow growth (1Y) 129.7% 83.9% -213.8%
Free cash flow CAGR (3Y) 4.0% 19.8% -52.7%

Profitability

14 metrics
MetricAPOFNVTFPM
Gross margin 87.2% 77.3% 70.6%
EBITDA margin 19.7% 93.0% 77.7%
Operating margin 15.3% 78.5% 62.3%
Pretax margin 20.7% 85.0% 91.5%
Net margin 5.0% 62.8% 55.9%
FCF margin 26.4% 76.4% -61.9%
Operating cash flow margin 26.4% 76.7% 80.9%
Return on equity 10.6% 18.1% 18.6%
Return on assets 0.9% 16.7% 17.2%
Return on invested capital 5.8% – –
Return on capital employed – 20.9% 12.9%
Asset turnover 0.1x 0.3x 0.2x
Cash conversion (OCF / net income) 2.5x 1.2x 1.0x
Stock comp / revenue 2.7% 0.2% 1.5%

Financial Health

11 metrics
MetricAPOFNVTFPM
Debt / assets 2.8% – 9.1%
Debt / equity 0.3x – 0.1x
Net debt / EBITDA -1.8x – 0.4x
Debt / FCF 1.4x – -0.8x
Liabilities / assets 91.6% 7.6% 11.3%
Equity / assets 8.4% 92.4% 88.7%
Interest coverage 18.2x 1,070x 83.2x
Current ratio – 9.4x 3.7x
Quick ratio – 8.5x 3.0x
Cash ratio – 6.9x 2.2x
Altman Z-score – 41.55 13.52

Shareholder Returns

7 metrics
MetricAPOFNVTFPM
Dividend yield 1.9% 0.7% 0.8%
Net buyback yield 2.0% 0.0% 0.3%
Shareholder yield 3.9% 0.7% 1.1%
Payout ratio (earnings) 33.4% 18.0% 10.6%
Payout ratio (FCF) 13.4% 15.1% -14.4%
Dividend growth (1Y) 11.7% 12.4% 11.3%
Dividend CAGR (3Y) 8.3% 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 12.7xFY2026 30.2xFY2026 21.6xFY2026
EPS, next fiscal year $9.02FY2026 $7.83FY2026 $1.37FY2026
EPS growth, next FY +7.6%FY2026 +40.3%FY2026 +35.6%FY2026
EPS growth, the year after +23.9% +8.8% -0.7%
Revenue, next fiscal year $24.45BFY2026 $2.66BFY2026 $490.34MFY2026
Revenue growth, next FY -23.7%FY2026 +46.4%FY2026 +26.1%FY2026
Revenue growth, the year after +4.4% +1.3% +12.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPOFNVTFPM
Held by institutions 64.5% 71.6% 86.4%
Institutions holding 1,166 661 224
Change in shares held, QoQ -1.0% +0.4% +0.3%
Institutions buying 642 335 129
Institutions selling 371 207 53
Buyers to sellers 1.73 1.62 2.43

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 0.06 0.03
FNV 0.06 1.00 0.87
TFPM 0.03 0.87 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, APO, FNV and TFPM?

Apollo Global Management (APO) is the largest by market capitalisation: Apollo Global Management (APO) $65.82B, Franco Nevada (FNV) $45.58B, Triple Flag Precious Metals (TFPM) $6.13B.

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) 38.0x, Franco Nevada (FNV) 31.3x, Triple Flag Precious Metals (TFPM) 22.1x). On next year's consensus earnings, Apollo Global Management (APO) is cheapest (Apollo Global Management (APO) 12.7x, Franco Nevada (FNV) 30.2x, Triple Flag Precious Metals (TFPM) 21.6x). 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) +41.2%, Franco Nevada (FNV) +73.6%, Triple Flag Precious Metals (TFPM) +50.7%.

Which company is more profitable?

Franco Nevada (FNV) has the highest net margin (Apollo Global Management (APO) 5.0%, Franco Nevada (FNV) 62.8%, Triple Flag Precious Metals (TFPM) 55.9%).

Which stock has performed better?

Over the past year Franco Nevada (FNV) returned the most: Apollo Global Management (APO) -9.6%, Franco Nevada (FNV) +28.5%, Triple Flag Precious Metals (TFPM) +6.8%. Over five years, Franco Nevada (FNV) compounded fastest (Apollo Global Management (APO) +7.9%/yr, Franco Nevada (FNV) +10.3%/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) 1.87%, Franco Nevada (FNV) 0.72%, Triple Flag Precious Metals (TFPM) 0.81%.

Which stock is riskier?

By one-year price volatility, Apollo Global Management (APO) has been the steadiest (Apollo Global Management (APO) 36.0%, Franco Nevada (FNV) 38.9%, Triple Flag Precious Metals (TFPM) 44.1%). 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.