Apollo Commercial Real Estate Finance (ARI) FCF Margin (2020 - 2026)
Apollo Commercial Real Estate Finance (ARI) reported FCF Margin of 55.30% for Q2 2026, up 11.96 percentage points from 43.34% a year earlier and up 55.76 percentage points from the prior quarter.
Apollo Commercial Real Estate Finance (ARI) FCF Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Apollo Commercial Real Estate Finance's FCF Margin came in at 9.00%, down 9.36 percentage points year-over-year; for FY2025, it was 15.58%, up 5.45 percentage points from FY2024.
- FCF Margin has a five-year change of -43.29 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 10.13% in FY2024 (-48.27 pp), 58.40% in FY2023 (-18.89 pp), 77.29% in FY2022 (+7.25 pp) and 70.03% in FY2021 (+11.16 pp).
- The Q2 2026 figure ranks as the highest quarterly FCF Margin since Q3 2023.
- Year over year, FCF Margin gained in four of the last eight quarters, with an average year-over-year change of -8.15 percentage points.
- The high point for year-over-year FCF Margin in five years was Q3 2022 (a gain of 71.26 percentage points); the low point was Q1 2024 (a drop of 91.78 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -0.46% (Q1 2026), -13.82% (Q4 2025) and 11.77% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | -44.76% |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | - |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 108.06% |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | 122.69% |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 19.67% |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 51.00% |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 74.39% |
| 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 | - | 55.30% |
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% |
Apollo Commercial Real Estate Finance FCF Margin 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=fcf-margin&ticker=ARI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=ARI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();