ARI (Apollo Commercial Real Estate Finance) Net Margin %: 43.92% (As of Mar. 2026) — 39% Below Median


ARI Apollo Commercial Real Estate Finance Inc ARI
55 GF Score
Price $10.75
GF Value $9.71
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Apollo Commercial Real Estate Finance Net Margin %?

Apollo Commercial Real Estate Finance ARI -1.47% 55 Net Margin % is 43.92% as of Mar. 2026, which is 39% below its 10-year median of 72.50. GuruFocus rates ARI with a GF Scoreâ„¢ of 55/100 and a GF Valueâ„¢ of $9.71 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 928 REITs companies, Apollo Commercial Real Estate Finance ranks better than 53.56% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Apollo Commercial Real Estate Finance's Net Income for the three months ended in Mar. 2026 was $26.2 Mil. Apollo Commercial Real Estate Finance's Revenue for the three months ended in Mar. 2026 was $59.7 Mil. Therefore, Apollo Commercial Real Estate Finance's net margin for the quarter that ended in Mar. 2026 was 43.92%.

The historical rank and industry rank for Apollo Commercial Real Estate Finance's Net Margin % or its related term are showing as below:

ARI' s Net Margin % Range Over the Past 10 Years
Min: -61.14   Med: 72.5   Max: 87.07
Current: 48.35


ARI's Net Margin % is ranked better than
53.56% of 928 companies
in the REITs industry
Industry Median: 45.23 vs ARI: 48.35

Apollo Commercial Real Estate Finance  (NYSE:ARI) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Apollo Commercial Real Estate Finance Net Margin % Related Terms


Apollo Commercial Real Estate Finance Net Margin % Historical Data

* Premium members only.

The historical data trend for Apollo Commercial Real Estate Finance's Net Margin % can be seen below:

* 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.

Apollo Commercial Real Estate Finance Net Margin % Chart

Apollo Commercial Real Estate Finance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.31 71.92 21.85 -61.14 46.45

Apollo Commercial Real Estate Finance Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.54 33.17 78.00 38.81 43.92

ARI vs ORC, LADR, TWO: Net Margin % Comparison

For the REIT - Mortgage subindustry, Apollo Commercial Real Estate Finance's Net Margin %, along with its competitors' market caps and Net 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 Commercial Real Estate Finance Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Apollo Commercial Real Estate Finance's Net Margin % distribution charts can be found below:

* The bar in red indicates where Apollo Commercial Real Estate Finance's Net Margin % falls into.


ARI
55GF Score
Apollo Commercial Real Estate Finance Inc ARI
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Apollo Commercial Real Estate Finance Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Apollo Commercial Real Estate Finance's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=126.72/272.828
=46.45 %

Apollo Commercial Real Estate Finance's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=26.227/59.711
=43.92 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 43.92% mean?
Apollo Commercial Real Estate Finance (ARI) has a Net Margin % of 43.92% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Apollo Commercial Real Estate Finance and its competitors. This is 39% below median its historical median of 72.50. According to the industry distribution chart, Apollo Commercial Real Estate Finance ranks #431 out of 928 companies in the REITs industry, placing it in the top 46.4%.
Is Apollo Commercial Real Estate Finance's Net Margin % too high?
Apollo Commercial Real Estate Finance's current Net Margin % of 43.92% is 39% below median its 10-year median of 72.50. The REITs industry median Net Margin % is 45.23. Apollo Commercial Real Estate Finance's value of 43.92% is 2.9% below this industry median. Based on the distribution chart, Apollo Commercial Real Estate Finance ranks #431 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, Apollo Commercial Real Estate Finance has a GF Scoreâ„¢ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apollo Commercial Real Estate Finance's Net Margin % compare to ORC and LADR?
According to the REITs industry distribution chart, Apollo Commercial Real Estate Finance ranks #431 out of 928 companies for Net Margin %. This puts Apollo Commercial Real Estate Finance in the upper half of its industry. The industry median Net Margin % is 45.23. Apollo Commercial Real Estate Finance's value of 43.92% is 2.9% below this benchmark. While the company's 10-year median is 72.50 vs. the industry median of 45.23, Apollo Commercial Real Estate Finance has consistently been below 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apollo Commercial Real Estate Finance's current Net Margin % of 43.92% is 2.9% below 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Apollo Commercial Real Estate Finance and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Commercial Real Estate Finance's current Net Margin % is 43.92%, which is 39% below median its own 10-year median of 72.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Commercial Real Estate Finance stock overvalued right now?
Based on GuruFocus' analysis, Apollo Commercial Real Estate Finance (ARI) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.71, compared to a current price of $10.75 — trading 10.7% above its estimated fair value. The current Net Margin % is 43.92%, which is 39% below median its 10-year median of 72.50 and 2.9% below the REITs industry median of 45.23. Apollo Commercial Real Estate Finance's overall GF Score™ is 55/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Apollo Commercial Real Estate Finance (ARI), the current Net Margin % is 43.92% 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 Commercial Real Estate Finance (ARI) Overvalued in 2026?

Based on GuruFocus' analysis, Apollo Commercial Real Estate Finance stock appears to be overvalued. The current stock price of $10.75 is trading 10.7% above its estimated GF Value™ of $9.71. GuruFocus considers Apollo Commercial Real Estate Finance to be Modestly Overvalued.

Key valuation signals for ARI:

  • Net Margin %: 43.92% (39% below median its 10-year median of 72.50)
  • GF Value™: $9.71 vs. price of $10.75 (10.7% above fair value)
  • GF Score™: 55/100 with 10 warning signs
  • Industry Position: 2.9% below the REITs median (#431 of 928)

No single metric tells the full story. See the ARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apollo Commercial Real Estate Finance Business Description

Industry Real EstateREITs
Other Exchanges 9A1:Germany
Address c/o Apollo Global Management, Inc, 9 West 57th Street, 42nd Floor, New York, NY, USA, 10019
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.
55GF Score

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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.75
Price
$9.71
GF Value