TFPM vs BX vs APO Stock Comparison

Triple Flag Precious Metals, Blackstone and Apollo Global Management Prices as of Oct 29, 2026 Peers: Industry group
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BX Blackstone Inc.
$120.59 +5.8% 1M -19.0% 1Y
Market cap
$94.53B
P/E
26.9x
Revenue (TTM)
$16.11B
Div. yield
0.07%
Alternative Asset Managers Financial Services
3 wins

Head to Head

12 decided of 12

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

QuestionTFPMBXAPOLeader
Larger companyMarket capitalisation $5.69B $94.53B $68.56B BX
Cheaper on earningsLower P/E, profitable companies only 20.8x 26.9x 38.6x TFPM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.3x 19.9x 13.1x APO
Faster revenue growthRevenue growth, trailing twelve months +50.7% +17.2% +41.2% TFPM
More profitableNet margin, trailing twelve months 55.9% 21.8% 5.0% TFPM
Better return on capitalReturn on invested capital — 21.6% 5.8% BX
Less leveragedLower net debt / EBITDA 0.4x — -1.8x APO
Higher dividend yieldTrailing dividend yield 0.01% 0.07% 0.02% BX
Better 1-year returnPrice return, last 12 months +4.3% -19.0% -5.1% TFPM
Better 5-year returnAnnualised price return, 5 years — -2.7%/yr +9.0%/yr APO
Less volatileAnnualised volatility, 1 year 44.1% 37.4% 36.3% APO
Higher overall scoreMean of the five percentile scores vs peers 75/100 70/100 75/100 TFPM

Percentile Scorecard

TFPMBXAPO

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

AxisTFPMBXAPO
Valuation 54 #83 of 181 77 #42 of 181 87 #25 of 181
Growth 89 #13 of 110 83 #20 of 110 71 #33 of 110
Profitability 90 #14 of 127 83 #23 of 127 63 #48 of 127
Financial Health 90 #17 of 162 55 #73 of 162 80 #34 of 162
Shareholder Returns 52 #37 of 76 51 #38 of 76 73 #21 of 76
Overall 75 70 75
  • TFPM ranked among 209 companies in Asset and Wealth Management
  • BX ranked among 209 companies in Asset and Wealth Management
  • APO 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

PeriodTFPMBXAPOSPY
1 month -6.1%+5.8%-0.4% +0.7%
3 months -1.5%-5.8%-1.4% +3.7%
6 months -8.5%-4.0%-7.9% +7.1%
Year to date -12.1%-21.8%-18.1% +12.8%
1 year +4.3%-19.0%-5.1% +11.9%
3 years +122.8%+30.5%+47.9% +85.2%
3 years, per year +30.6%+9.3%+13.9% +22.8%
5 years —-12.9%+54.0% +67.6%
5 years, per year —-2.7%+9.0% +10.9%
10 years —+372.9%+552.0% +262.0%
10 years, per year —+16.8%+20.6% +13.7%

Risk

MeasureTFPMBXAPOSPY
Volatility, 1Y 44.1%37.4%36.3% 12.7%
Downside volatility, 1Y 48.5%37.7%37.3% 12.6%
Beta vs S&P 500, 1Y 1.591.321.13 1.00
Return / volatility, 1Y 0.10-0.51-0.14 0.94
Max drawdown, 5Y -35.1%-51.5%-43.8% -25.4%
From 52-week high -29.4%-26.2%-22.4% -1.2%
52-week high $41.36$163.50$152.70 $779.14
52-week low $26.85$102.12$100.30 $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.

MultipleTFPMBXAPO
P/E now vs peer median 21.8xmedian 33.5x 27.4xmedian 33.5x 39.5xmedian 33.5x
P/S now vs peer median 12.3xmedian 4.9x 5.6xmedian 4.9x 1.9xmedian 4.9x
EV/EBITDA now vs peer median 16.3xmedian 12.0x —median 12.0x 7.8xmedian 12.0x
P/FCF now vs peer median -19.9xmedian 14.3x 16.5xmedian 14.3x 7.2xmedian 14.3x
P/B now vs peer median 2.6xmedian 1.8x 4.3xmedian 1.8x 1.6xmedian 1.8x
PEG now vs peer median 0.42median 0.97 0.71median 0.97 1,939median 0.97

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 monthsTFPMBXAPO
Revenue $488.58M $16.11B $35.90B
Gross profit $344.78M – $31.30B
Operating income $304.60M – $5.48B
Net income $411.98M $6.83B $3.80B
Free cash flow -$302.33M $5.49B $9.47B
R&D $4.88M – –
EPS (diluted) $1.34 $4.40 $2.91
Cash & equivalents $15.20M $2.51B $26.82B
Total debt $248.00M $50.92B $13.73B
Shares (diluted) 204.07M 799.90M 610.22M
Enterprise value $5.27B $84.51B -$14.24B

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
MetricTFPMBXAPO
P/E 21.8x 27.4x 39.5x
P/FCF -19.9x 16.5x 7.2x
P/Operating cash flow 15.2x 16.2x 7.2x
P/S 12.3x 5.6x 1.9x
P/B 2.6x 4.3x 1.6x
P/Tangible book 2.6x 4.3x 1.6x
EV/EBITDA 16.3x – 7.8x
EV/EBIT 20.3x 11.8x 10.1x
EV/Revenue 12.7x 6.3x 1.5x
EV/FCF -20.5x 18.5x 5.8x
EV/Operating cash flow 15.7x 18.1x 5.8x
PEG (3Y EPS CAGR) 0.42 0.71 1,939

Growth

14 metrics
MetricTFPMBXAPO
Revenue growth (1Y) 50.7% 17.2% 41.2%
Revenue CAGR (3Y) – 32.3% 10.2%
Gross profit growth (1Y) 76.5% – 36.5%
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 78.1% – 38.0%
Operating income CAGR (3Y) 63.0% – –
Net income growth (1Y) 139.3% 19.2% -27.0%
Net income CAGR (3Y) 89.2% 46.7% 15.9%
EPS growth (1Y) 840.2% 20.2% -47.4%
EPS CAGR (3Y) 51.5% 38.8% 0.0%
Operating cash flow growth (1Y) 48.0% 65.6% 129.7%
Operating cash flow CAGR (3Y) 43.8% 14.0% 4.0%
Free cash flow growth (1Y) -213.8% 67.2% 129.7%
Free cash flow CAGR (3Y) -52.7% 16.0% 4.0%

Profitability

14 metrics
MetricTFPMBXAPO
Gross margin 70.6% – 87.2%
EBITDA margin 77.7% – 19.7%
Operating margin 62.3% – 15.3%
Pretax margin 91.5% 50.1% 20.7%
Net margin 55.9% 21.8% 5.0%
FCF margin -61.9% 34.1% 26.4%
Operating cash flow margin 80.9% 34.7% 26.4%
Return on equity 18.6% 33.2% 10.6%
Return on assets 17.2% 13.9% 0.9%
Return on invested capital – 21.6% 5.8%
Return on capital employed 12.9% – –
Asset turnover 0.2x 0.3x 0.1x
Cash conversion (OCF / net income) 1.0x 0.8x 2.5x
Stock comp / revenue 1.5% 9.7% 2.7%

Financial Health

11 metrics
MetricTFPMBXAPO
Debt / assets 9.1% 26.4% 2.8%
Debt / equity 0.1x 0.6x 0.3x
Net debt / EBITDA 0.4x – -1.8x
Debt / FCF -0.8x 2.4x 1.4x
Liabilities / assets 11.3% 57.8% 91.6%
Equity / assets 88.7% 42.2% 8.4%
Interest coverage 83.2x 16.0x 18.2x
Current ratio 3.7x – –
Quick ratio 3.0x – –
Cash ratio 2.2x – –
Altman Z-score 13.32 – –

Shareholder Returns

7 metrics
MetricTFPMBXAPO
Dividend yield 0.8% 4.3% 1.8%
Net buyback yield 0.3% 0.3% 1.9%
Shareholder yield 1.1% 4.7% 3.7%
Payout ratio (earnings) 10.6% 93.6% 33.4%
Payout ratio (FCF) -14.4% 116.4% 13.4%
Dividend growth (1Y) 11.3% 22.0% 11.7%
Dividend CAGR (3Y) – 7.9% 8.3%

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.

ConsensusTFPMBXAPO
Forward P/E 21.3xFY2026 19.9xFY2026 13.1xFY2026
EPS, next fiscal year $1.37FY2026 $6.07FY2026 $9.02FY2026
EPS growth, next FY +35.6%FY2026 +9.0%FY2026 +7.6%FY2026
EPS growth, the year after -0.7% +25.5% +23.9%
Revenue, next fiscal year $490.34MFY2026 $15.03BFY2026 $24.45BFY2026
Revenue growth, next FY +26.1%FY2026 +14.9%FY2026 -23.7%FY2026
Revenue growth, the year after +12.6% +27.3% +4.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTFPMBXAPO
Held by institutions 86.4% 67.3% 64.5%
Institutions holding 224 2,131 1,168
Change in shares held, QoQ +0.3% +2.8% -1.0%
Institutions buying 129 1,133 643
Institutions selling 53 717 372
Buyers to sellers 2.43 1.58 1.73

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.

TFPMBXAPO
TFPM 1.00 0.17 0.03
BX 0.17 1.00 0.74
APO 0.03 0.74 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TFPM, BX and APO?

Blackstone (BX) is the largest by market capitalisation: Triple Flag Precious Metals (TFPM) $5.69B, Blackstone (BX) $94.53B, Apollo Global Management (APO) $68.56B.

Which stock is cheaper, TFPM, BX and APO?

Triple Flag Precious Metals (TFPM) trades on the lowest price-to-earnings ratio (Triple Flag Precious Metals (TFPM) 20.8x, Blackstone (BX) 26.9x, Apollo Global Management (APO) 38.6x). On next year's consensus earnings, Apollo Global Management (APO) is cheapest (Triple Flag Precious Metals (TFPM) 21.3x, Blackstone (BX) 19.9x, Apollo Global Management (APO) 13.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Triple Flag Precious Metals (TFPM) grew revenue fastest over the trailing twelve months: Triple Flag Precious Metals (TFPM) +50.7%, Blackstone (BX) +17.2%, Apollo Global Management (APO) +41.2%.

Which company is more profitable?

Triple Flag Precious Metals (TFPM) has the highest net margin (Triple Flag Precious Metals (TFPM) 55.9%, Blackstone (BX) 21.8%, Apollo Global Management (APO) 5.0%). On return on invested capital, Blackstone (BX) leads (Blackstone (BX) 21.6%, Apollo Global Management (APO) 5.8%).

Which stock has performed better?

Over the past year Triple Flag Precious Metals (TFPM) returned the most: Triple Flag Precious Metals (TFPM) +4.3%, Blackstone (BX) -19.0%, Apollo Global Management (APO) -5.1%. Over five years, Apollo Global Management (APO) compounded fastest (Blackstone (BX) -2.7%/yr, Apollo Global Management (APO) +9.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Blackstone (BX) has the highest dividend yield: Triple Flag Precious Metals (TFPM) 0.01%, Blackstone (BX) 0.07%, Apollo Global Management (APO) 0.02%.

Which stock is riskier?

By one-year price volatility, Apollo Global Management (APO) has been the steadiest (Triple Flag Precious Metals (TFPM) 44.1%, Blackstone (BX) 37.4%, Apollo Global Management (APO) 36.3%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Triple Flag Precious Metals (TFPM) 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.