Apollo Commercial Real Estate Finance (ARI) Debt Ratio (2010 - 2026)
Apollo Commercial Real Estate Finance's (ARI) Debt Ratio was 0.64 for Q1 2026, up 8.3% from 0.60 a year earlier and up 1.7% from the prior quarter.
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Analysis
Apollo Commercial Real Estate Finance (ARI) Debt Ratio (2010 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Apollo Commercial Real Estate Finance was 0.63, up 10.6% from FY2024.
- By year, Debt Ratio came in at 0.57 in FY2024 (-4.0%), 0.60 in FY2023 (+7.7%), 0.55 in FY2022 (+12.4%) and 0.49 in FY2021 (+607.8%).
- The Q1 2026 figure ranks as the highest quarterly Debt Ratio in data going back to Q4 2010.
- Year over year, Debt Ratio has now increased in each of the last four quarters, with growth averaging 4.2% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q4 2021 (growth of 607.8%); the low point was Q3 2021 (a decline of 10.8%).
- Per Business Quant data, the three quarters before Q1 2026 came in at 0.63 (Q4 2025), 0.62 (Q3 2025) and 0.63 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | 0.27 |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | 0.35 |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 0.45 |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | - |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 0.21 |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 0.06 |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 0.04 |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | 0.24 |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | Apollo Commercial Real Estate Finance | 801.33 Mn | -950.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 0.64 |
| Dec 31, 2025 | 0.63 |
| Sep 30, 2025 | 0.62 |
| Jun 30, 2025 | 0.63 |
| Mar 31, 2025 | 0.60 |
| Dec 31, 2024 | 0.57 |
| Sep 30, 2024 | 0.61 |
| Jun 30, 2024 | 0.61 |
| Mar 31, 2024 | 0.61 |
| Dec 31, 2023 | 0.60 |
| Sep 30, 2023 | 0.56 |
| Jun 30, 2023 | 0.57 |
| Mar 31, 2023 | 0.56 |
| Dec 31, 2022 | 0.55 |
| Sep 30, 2022 | 0.55 |
| Jun 30, 2022 | 0.54 |
| Mar 31, 2022 | 0.52 |
| Dec 31, 2021 | 0.49 |
| Sep 30, 2021 | 0.45 |
| Jun 30, 2021 | 0.46 |
API Access
Apollo Commercial Real Estate Finance Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=ARI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "ARI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=ARI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();