Apollo Commercial Real Estate Finance (ARI) EV to EBITDA (2023 - 2026)
Apollo Commercial Real Estate Finance's EV to EBITDA came in at 0.25 for Q2 2026, down 89.8% from 2.42 a year earlier and down 88.6% from the prior quarter.
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Analysis
Apollo Commercial Real Estate Finance (ARI) EV to EBITDA (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Apollo Commercial Real Estate Finance reported EV to EBITDA of -0.73; for FY2025, it was 2.01, down 9.2% from FY2024.
- Going back by year, EV to EBITDA was 2.22 in FY2024 (-17.1%), 2.67 in FY2023 (+11.1%), 2.41 in FY2022 (-37.6%) and 3.85 in FY2021.
- The Q2 2026 figure represents the lowest quarterly EV to EBITDA in data going back to Q2 2023.
- Year-over-year, EV to EBITDA has declined for four consecutive quarters, with an average decline of 21.0% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q2 2025 (growth of 9.5%), and the weakest in Q2 2026 (a decline of 89.8%).
- Business Quant data shows ARI's EV to EBITDA at 2.16 (Q1 2026), 2.01 (Q4 2025) and 1.91 (Q3 2025) in the three quarters before Q2 2026.
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 | 0.25 |
| Mar 31, 2026 | 2.16 |
| Dec 31, 2025 | 2.01 |
| Sep 30, 2025 | 1.91 |
| Jun 30, 2025 | 2.42 |
| Mar 31, 2025 | 2.32 |
| Dec 31, 2024 | 2.22 |
| Sep 30, 2024 | 2.62 |
| Jun 30, 2024 | 2.21 |
| Mar 31, 2024 | 3.53 |
| Dec 31, 2023 | 2.67 |
| Sep 30, 2023 | 2.47 |
| Jun 30, 2023 | 2.39 |
API Access
Apollo Commercial Real Estate Finance EV to EBITDA 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-ebitda&ticker=ARI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=ARI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();