Apollo Commercial Real Estate Finance (ARI) EV to CFO (2011 - 2026)
Apollo Commercial Real Estate Finance's EV to CFO was 1.50 in Q2 2026, down 74.3% from 5.85 a year earlier and down 86.8% from the prior quarter.
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Analysis
Apollo Commercial Real Estate Finance (ARI) EV to CFO (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Apollo Commercial Real Estate Finance's EV to CFO was -4.43 through Jun 30, 2026; for FY2025, it came in at 8.46, up 92.6% from FY2024.
- In earlier years, EV to CFO was 4.39 in FY2024 (-15.6%), 5.20 in FY2023 (+7.9%), 4.82 in FY2022 (-35.8%) and 7.51 in FY2021 (+0.2%).
- The Q2 2026 figure marks the lowest quarterly EV to CFO in data going back to Q2 2011.
- Compared with a year earlier, EV to CFO was higher in five of the last eight quarters, with growth averaging 18.1%.
- The best year-over-year quarter for EV to CFO over five years was Q1 2024 (growth of 119.2%); the worst was Q2 2026 (a decline of 74.3%).
- Per Business Quant data, ARI's EV to CFO in the three quarters before Q2 2026 was 11.38 (Q1 2026), 8.46 (Q4 2025) and 6.31 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - |
| 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 |
|---|---|
| Jun 30, 2026 | 1.50 |
| Mar 31, 2026 | 11.38 |
| Dec 31, 2025 | 8.46 |
| Sep 30, 2025 | 6.31 |
| Jun 30, 2025 | 5.85 |
| Mar 31, 2025 | 6.23 |
| Dec 31, 2024 | 4.39 |
| Sep 30, 2024 | 5.94 |
| Jun 30, 2024 | 5.43 |
| Mar 31, 2024 | 6.57 |
| Dec 31, 2023 | 5.20 |
| Sep 30, 2023 | 3.94 |
| Jun 30, 2023 | 3.94 |
| Mar 31, 2023 | 3.00 |
| Dec 31, 2022 | 4.82 |
| Sep 30, 2022 | 3.26 |
| Jun 30, 2022 | 6.89 |
| Mar 31, 2022 | 8.49 |
| Dec 31, 2021 | 7.51 |
| Sep 30, 2021 | 8.48 |
API Access
Apollo Commercial Real Estate Finance EV to CFO 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=ev-to-cfo&ticker=ARI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=ARI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();