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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |