Apollo Commercial Real Estate Finance (ARI) EV to CFO (2010 - 2026)
Apollo Commercial Real Estate Finance's (ARI) quarterly EV to CFO came in at 3.83 in Q2 2026, down 79.27% on a YoY basis from 18.46 in Q2 2025, and down 96.35% quarter-over-quarter from 104.85 in Q1 2026.
Analysis
Apollo Commercial Real Estate Finance (ARI) EV to CFO (2010 - 2026) Analysis & Trends
Apollo Commercial Real Estate Finance (ARI) has reported EV to CFO for 17 consecutive years, with 3.83 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to CFO fell 79.27% year-over-year to 3.83; the trailing twelve-month figure through Jun 2026 stood at 1.5 (down 74.31% YoY), and the FY2025 full-year result was 8.46, up 92.6% from the prior year.
- EV to CFO eased to 3.83 in Q2 2026 per ARI's latest filing, from 104.85 in the prior quarter.
- Across five years, EV to CFO topped out at 146.24 in Q4 2025 and bottomed at 3.83 in Q2 2026.
- Historically, EV to CFO has averaged 34.55 across 5 years, with a median of 25.41 in 2022.
- The sharpest annual moves came in 2022 and 2025: EV to CFO plunged 83.82% in 2022, then surged 730.53% in 2025.
- Over 5 years, EV to CFO stood at 30.31 in 2022, then soared by 52.44% to 46.2 in 2023, then plunged by 61.89% to 17.61 in 2024, then soared by 730.53% to 146.24 in 2025, then tumbled by 97.38% to 3.83 in 2026.
- According to Business Quant data, EV to CFO over the past three periods registered 3.83, 104.85, and 146.24 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - |
| 10 | Apollo Commercial Real Estate Finance | 890.30 Mn | -349.18 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.83 |
| Mar 31, 2026 | 104.85 |
| Dec 31, 2025 | 146.24 |
| Sep 30, 2025 | 36.60 |
| Jun 30, 2025 | 18.46 |
| Mar 31, 2025 | 29.57 |
| Dec 31, 2024 | 17.61 |
| Sep 30, 2024 | 22.77 |
| Jun 30, 2024 | 23.50 |
| Mar 31, 2024 | 26.91 |
| Dec 31, 2023 | 46.20 |
| Sep 30, 2023 | 13.47 |
| Jun 30, 2023 | 26.19 |
| Mar 31, 2023 | 8.92 |
| Dec 31, 2022 | 30.31 |
| Sep 30, 2022 | 6.75 |
| Jun 30, 2022 | 24.63 |
| Mar 31, 2022 | 35.08 |
| Dec 31, 2021 | 43.40 |
| Sep 30, 2021 | 41.68 |