Apollo Global ManagementMIL:1APO +4.96%56 Gross Margin % is 91.83% as of Mar. 2026, which is 8% above its 10-year median of 84.69. GuruFocus rates MIL:1APO with a GF Score™ of 56/100 and a GF Value™ of €117.12 (Fairly Valued). The stock has 5 warning signs investors should review. Among 551 Asset Management companies, Apollo Global Management ranks better than 85.84% on this metric.
Apollo Global Management (MIL:1APO) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Apollo Global Management had a gross margin of 91.83% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Apollo Global Management Gross Margin % Related Terms
Apollo Global Management Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MIL:1APO vs KKR, STT, AMP: Gross Margin % Comparison
For the Asset Management subindustry, Apollo Global Management's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Apollo Global Management Gross Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Apollo Global Management's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Apollo Global Management's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Apollo Global Management (MIL:1APO) has a Gross Margin % of 91.83% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Apollo Global Management and its competitors. This is near median its historical median of 84.69. Over the past decade, Apollo Global Management's Gross Margin % has ranged from 57.95 to 96.85. According to the industry distribution chart, Apollo Global Management ranks #78 out of 551 companies in the Asset Management industry, placing it in the top 14.2%.
Is Apollo Global Management's Gross Margin % too high?
Apollo Global Management's current Gross Margin % of 91.83% is near median its 10-year median of 84.69. Over the past 10 years, this metric has ranged from a low of 57.95 to a high of 96.85. The Asset Management industry median Gross Margin % is 57.53. Apollo Global Management's value of 91.83% is 59.6% above this industry median. Based on the distribution chart, Apollo Global Management ranks #78 out of 551 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Apollo Global Management has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apollo Global Management's Gross Margin % compare to KKR and STT?
According to the Asset Management industry distribution chart, Apollo Global Management ranks #78 out of 551 companies for Gross Margin %. This places Apollo Global Management in the top 14% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 57.53. Apollo Global Management's value of 91.83% is 59.6% above this benchmark. Historically, Apollo Global Management's own Gross Margin % has ranged from 57.95 to 96.85 over the past decade. While the company's 10-year median is 84.69 vs. the industry median of 57.53, Apollo Global Management has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Asset Management company?
The median Gross Margin % among Asset Management companies is 57.53, based on 551 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apollo Global Management's current Gross Margin % of 91.83% is 59.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Apollo Global Management and its competitors. For the Asset Management industry, the median Gross Margin % is 57.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Global Management's current Gross Margin % is 91.83%, which is near median its own 10-year median of 84.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Global Management stock overvalued right now?
Based on GuruFocus' analysis, Apollo Global Management (MIL:1APO) is currently considered Fairly Valued. The stock's GF Value™ is €117.12, compared to a current price of €106.80 — trading 8.8% below its estimated fair value. The current Gross Margin % is 91.83%, which is near median its 10-year median of 84.69 and 59.6% above the Asset Management industry median of 57.53. Apollo Global Management's overall GF Score™ is 56/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Apollo Global Management (MIL:1APO), the current Gross Margin % is 91.83% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Apollo Global Management (MIL:1APO) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Global Management stock appears to be undervalued.
The current stock price of €106.80 is trading 8.8% below its estimated GF Value™ of €117.12.
GuruFocus considers Apollo Global Management to be Fairly Valued.
Key valuation signals for MIL:1APO:
Gross Margin %: 91.83% (near median its 10-year median of 84.69)
GF Value™: €117.12 vs. price of €106.80 (8.8% below fair value)
Industry Position: 59.6% above the Asset Management median (#78 of 551)
No single metric tells the full story. See the MIL:1APO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo is one of the world's largest alternative asset managers, with $938.4 billion in total assets under management, or AUM, including $709.1 billion in fee-earning assets, at the end of 2025. The company has two core operating segments: asset management and retirement services. Apollo operates with scale in each of its major product lines—private equity (with $128.4 billion in total AUM and $75.0 billion in fee-earning AUM), real estate/real assets ($60.8 billion/$27.6 billion), and credit ($749.2 billion/$606.5 billion). Apollo has a distribution profile that is likely not too far off from the industry averages—with 84% of its assets held by institutional investors and 16% by high-net-worth clients.
56GF Score
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