Apollo Global Management, Inc.APO
NYSE•Financial Services•Asset Management
Understand cash generation quality and how management allocates capital.
Free cash flow was $1.62B in the latest quarter (60.1% increase YoY). FCF margin is 5.1%. Shares outstanding increased by 1.3% year-over-year, indicating dilution (potentially from stock compensation or capital raises). Free cash flow is the lifeblood of a business — it funds dividends, buybacks, debt reduction, and reinvestment without relying on external capital.
Free cash flow, earnings quality, and capital allocation