Apollo Commercial Real Estate Finance (ARI) Net Margin (2020 - 2026)
Apollo Commercial Real Estate Finance's (ARI) quarterly Net Margin came in at 51.17% in Q2 2026, up 2625.0% on a YoY basis from 1.88% in Q2 2025, and up 29.55% quarter-over-quarter from 39.5% in Q1 2026.
Analysis
Apollo Commercial Real Estate Finance (ARI) Net Margin (2020 - 2026) Analysis & Trends
Apollo Commercial Real Estate Finance (ARI) has reported Net Margin for 7 consecutive years, with 51.17% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 2625.0% year-over-year to 51.17%; the trailing twelve-month figure through Jun 2026 stood at 50.33% (up 5623.0% YoY), and the FY2025 full-year result was 42.14%, up 8558.0% from the prior year.
- Net Margin improved to 51.17% in Q2 2026 per ARI's latest filing, from 39.5% in the prior quarter.
- Across five years, Net Margin topped out at 235.86% in Q3 2022 and bottomed at 133.6% in Q1 2024.
- Historically, Net Margin has averaged 27.27% across 5 years, with a median of 39.92% in 2026.
- The sharpest annual moves came in 2024 and 2025: Net Margin slumped 18622 bps in 2024, then soared 20965 bps in 2025.
- Over 5 years, Net Margin stood at 8.1% in 2022, then jumped by 738 bps to 51.66% in 2023, then climbed by 3 bps to 53.34% in 2024, then tumbled by 33 bps to 35.67% in 2025, then surged by 43 bps to 51.17% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 51.17%, 39.5%, and 35.67% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | - | 2.92% |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 1.57% |
| 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 | - | 34.76% |
| 10 | Apollo Commercial Real Estate Finance | 890.30 Mn | -349.18 Mn | - | 51.17% |
Historic Data
Download Data
Historic 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% |