Apollo Commercial Real Estate Finance (ARI) EV to FCF (2011 - 2026)
Apollo Commercial Real Estate Finance's (ARI) EV to FCF stood at 6.07 in Q2 2026, down 73.4% from 22.81 a year earlier and down 87.3% from the prior quarter.
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Analysis
Apollo Commercial Real Estate Finance (ARI) EV to FCF (2011 - 2026) Analysis & Trends
On a TTM basis, Apollo Commercial Real Estate Finance's EV to FCF came in at -17.88 as of Jun 30, 2026; for FY2025, it came in at 28.48, down 0.4% from FY2024.
- Across earlier years, EV to FCF came in at 28.59 in FY2024 (+303.7%), 7.08 in FY2023 (+28.8%), 5.50 in FY2022 (-26.8%) and 7.52 in FY2021 (+0.2%).
- The Q2 2026 figure is the lowest quarterly EV to FCF since Q3 2023.
- On a year-over-year basis, EV to FCF rose in five of the last eight quarters, with growth averaging 136.8%.
- Peak year-over-year performance for EV to FCF in the last five years was growth of 567.9% in Q3 2024, against a decline of 73.4% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 47.73 (Q1 2026), 28.48 (Q4 2025) and 20.69 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Apollo Commercial Real Estate Finance | 796.20 Mn | -955.81 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.07 |
| Mar 31, 2026 | 47.73 |
| Dec 31, 2025 | 28.48 |
| Sep 30, 2025 | 20.69 |
| Jun 30, 2025 | 22.81 |
| Mar 31, 2025 | 38.42 |
| Dec 31, 2024 | 28.59 |
| Sep 30, 2024 | 33.14 |
| Jun 30, 2024 | 12.32 |
| Mar 31, 2024 | 11.84 |
| Dec 31, 2023 | 7.08 |
| Sep 30, 2023 | 4.96 |
| Jun 30, 2023 | 4.87 |
| Mar 31, 2023 | 3.50 |
| Dec 31, 2022 | 5.50 |
| Sep 30, 2022 | 3.56 |
| Jun 30, 2022 | 6.90 |
| Mar 31, 2022 | 8.50 |
| Dec 31, 2021 | 7.52 |
| Sep 30, 2021 | 8.48 |
API Access
Apollo Commercial Real Estate Finance EV to FCF 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-fcf&ticker=ARI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=ARI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();