Apollo Commercial Real Estate Finance (ARI) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Apollo Commercial Real Estate Finance had a P/E ratio of 12.02, return on equity of 6.8% (up from -5.9%), debt-to-equity of 4.28 (up from 3.41) and a current ratio of 10.97 (down from 54.13). A current ratio of 10.97 means current assets exceed current liabilities. Its dividend yield was 10.33% with a payout ratio of 121.2%.

Apollo Commercial Real Estate Finance Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	12.02	-	39.99	6.08	8.91	1114.59
Forward P/E	9.20	9.96	9.84	7.17	9.53	9.46
P/S Ratio	5.01	8.09	5.82	4.71	5.77	13.78
P/B Ratio	0.72	0.64	0.75	0.64	0.80	0.69
Price/Tangible Book	0.72	0.64	0.75	0.64	0.80	0.69
Price/OCF	9.44	5.97	6.06	5.65	9.23	9.55
PEG Ratio	0.26	1.85	3.56	3.56	3.56	-
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	6.79%	-5.86%	2.55%	11.41%	9.79%	0.75%
Return on Assets (ROA)	1.38%	-1.35%	0.62%	2.95%	2.91%	0.27%
Return on Invested Capital (ROIC)	1.22%	-0.13%	1.47%	2.27%	3.04%	0.69%
Leverage & Solvency Ratios
Debt/Equity	4.28	3.41	3.15	2.96	2.61	1.99
Liquidity Ratios
Current Ratio	10.97	54.13	70.92	18.76	75.60	47.74
Quick Ratio	10.93	53.84	70.29	18.43	75.60	47.25
Efficiency Ratios
Asset Turnover	0.03	0.02	0.03	0.04	0.04	0.02
Yield & Distribution Ratios
Earnings Yield	9.42%	-10.00%	3.50%	17.53%	12.14%	1.17%
Dividend Yield	10.33%	13.86%	11.93%	13.01%	10.64%	23.21%
Payout Ratio	121.17%	-	368.66%	80.25%	95.12%	1367.42%
Buyback Yield	0.58%	1.14%	14.64%	1.72%	-13.78%	15.81%
Total Return	10.91%	15.00%	26.56%	14.73%	-3.14%	39.02%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Apollo Commercial Real Estate Finance Financial Ratios

What is Apollo Commercial Real Estate Finance's P/E ratio?

Apollo Commercial Real Estate Finance's P/E ratio was 12.02 for fiscal 2025 (period ended Dec 31, 2025).

What is Apollo Commercial Real Estate Finance's return on equity?

Apollo Commercial Real Estate Finance's return on equity (ROE) was 6.8% for fiscal 2025 (period ended Dec 31, 2025). It was -5.9% a year earlier.

What is Apollo Commercial Real Estate Finance's debt-to-equity ratio?

Apollo Commercial Real Estate Finance's debt-to-equity ratio was 4.28 for fiscal 2025 (period ended Dec 31, 2025). It was 3.41 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition