Apollo Commercial Real Estate Finance ARI
NYSE ARI
$6.80 -0.08 (-1.19%)
As of: Sep 8, 2026 · 3:59 PM EDT

Apollo Commercial Real Estate Finance (ARI) FCF Margin (2020 - 2026)

Apollo Commercial Real Estate Finance's (ARI) quarterly FCF Margin came in at 55.3% in Q2 2026, up 1196.0% on a YoY basis from 4.27% in Q2 2025, and up 12064.9% quarter-over-quarter from 0.46% in Q1 2026.

Analysis

Apollo Commercial Real Estate Finance (ARI) FCF Margin (2020 - 2026) Analysis & Trends

Apollo Commercial Real Estate Finance (ARI) has reported FCF Margin for 7 consecutive years, with 55.3% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, FCF Margin rose 1196.0% year-over-year to 55.3%; the trailing twelve-month figure through Jun 2026 stood at 9.0% (down 936.0% YoY), and the FY2025 full-year result was 15.58%, up 545.0% from the prior year.
  • FCF Margin climbed to 55.3% in Q2 2026 per ARI's latest filing, from 0.46% in the prior quarter.
  • Across five years, FCF Margin topped out at 137.08% in Q3 2022 and bottomed at 13.82% in Q4 2025.
  • Historically, FCF Margin has averaged 39.27% across 5 years, with a median of 28.6% in 2022.
  • The sharpest annual moves came in 2022 and 2024: FCF Margin jumped 7126 bps in 2022, then slumped 9178 bps in 2024.
  • Over 5 years, FCF Margin stood at 35.24% in 2022, then sank by 82 bps to 6.42% in 2023, then declined by 18 bps to 5.25% in 2024, then sank by 363 bps to 13.82% in 2025, then surged by 500 bps to 55.3% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 55.3%, 0.46%, and 13.82% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (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 - -6.85%
4 Rithm Capital 5.57 Bn 5.57 Bn - 5.00%
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 - -15.55%
10 Apollo Commercial Real Estate Finance 890.30 Mn -349.18 Mn - 55.30%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 55.30%
Mar 31, 2026 -0.46%
Dec 31, 2025 -13.82%
Sep 30, 2025 11.77%
Jun 30, 2025 43.34%
Mar 31, 2025 21.95%
Dec 31, 2024 5.25%
Sep 30, 2024 3.21%
Jun 30, 2024 12.09%
Mar 31, 2024 18.55%
Dec 31, 2023 6.42%
Sep 30, 2023 80.93%
Jun 30, 2023 36.92%
Mar 31, 2023 110.33%
Dec 31, 2022 35.24%
Sep 30, 2022 137.08%
Jun 30, 2022 65.45%
Mar 31, 2022 77.30%
Dec 31, 2021 48.61%
Sep 30, 2021 65.82%