Apollo Commercial Real Estate Finance (ARI) Net Margin (2020 - 2026)
Apollo Commercial Real Estate Finance's (ARI) quarterly Net Margin came in at 39.5% in Q1 2026, up 467.0% YoY from 6.97% in Q1 2025, and up 10.72% on a QoQ basis from 35.67% in Q4 2025.
Apollo Commercial Real Estate Finance (ARI) Net Margin (2020 - 2026) Analysis & Trends
Apollo Commercial Real Estate Finance (ARI) has 7 years of Net Margin data on file, last reported at 39.5% in Q1 2026.
- Quarterly Net Margin rose 467.0% year-over-year to 39.5% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 43.37% (up 4386.0% YoY) and the FY2025 annual result came in at 42.14%, up 8558.0% from the prior year.
- Net Margin advanced to 39.5% in Q1 2026, from 35.67% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 235.86% in Q3 2022 to a low of 133.6% in Q1 2024.
- A 5-year average of 25.87% and a median of 39.5% in 2026 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin sank 18622 bps — and 2025, when it surged 20965 bps.
- Tracing ARI's Net Margin over 5 years: stood at 8.1% in 2022, then surged by 738 bps to 51.66% in 2023, then gained by 3 bps to 53.34% in 2024, then sank by 33 bps to 35.67% in 2025, then rose by 11 bps to 39.5% in 2026.
- The last three Net Margin figures came in at 39.5% (Q1 2026), 35.67% (Q4 2025), and 77.45% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | - |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 2.92% |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.57% |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 39.93% |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 34.76% |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 142.94% |
| 10 | Apollo Commercial Real Estate Finance | 894.23 Mn | -345.25 Mn | - | 51.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 51.17% |
| Mar 31, 2026 | 39.50% |
| Dec 31, 2025 | 35.67% |
| Sep 30, 2025 | 77.45% |
| Jun 30, 2025 | 24.92% |
| Mar 31, 2025 | 34.83% |
| Dec 31, 2024 | 53.34% |
| Sep 30, 2024 | -132.20% |
| Jun 30, 2024 | 40.34% |
| Mar 31, 2024 | -133.60% |
| Dec 31, 2023 | 51.66% |
| Sep 30, 2023 | 52.99% |
| Jun 30, 2023 | -93.82% |
| Mar 31, 2023 | 52.63% |
| Dec 31, 2022 | -8.10% |
| Sep 30, 2022 | 235.86% |
| Jun 30, 2022 | 89.30% |
| Mar 31, 2022 | 18.96% |
| Dec 31, 2021 | 48.03% |
| Sep 30, 2021 | 85.93% |