APOLLO COMMERCIAL REAL ESTAT (ARI) Stock Fundamental Analysis

NYSE:ARI • US03762U1051

10.62 USD
+0.06 (+0.57%)
At close: Feb 13, 2026
10.62 USD
0 (0%)
After Hours: 2/13/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ARI. ARI was compared to 70 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. There are concerns on the financial health of ARI while its profitability can be described as average. ARI has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year ARI was profitable.
  • In the past year ARI had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: ARI reported negative net income in multiple years.
  • ARI had a positive operating cash flow in 4 of the past 5 years.
ARI Yearly Net Income VS EBIT VS OCF VS FCFARI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

1.2 Ratios

  • ARI's Return On Assets of 1.29% is amongst the best of the industry. ARI outperforms 90.00% of its industry peers.
  • ARI has a better Return On Equity (6.61%) than 88.57% of its industry peers.
  • ARI has a better Return On Invested Capital (1.06%) than 84.29% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ARI is in line with the industry average of 1.26%.
Industry RankSector Rank
ROA 1.29%
ROE 6.61%
ROIC 1.06%
ROA(3y)0.48%
ROA(5y)0.78%
ROE(3y)1.75%
ROE(5y)2.86%
ROIC(3y)1.68%
ROIC(5y)2.3%
ARI Yearly ROA, ROE, ROICARI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • ARI's Profit Margin of 16.94% is fine compared to the rest of the industry. ARI outperforms 72.86% of its industry peers.
  • ARI has a Operating Margin (15.93%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of ARI has declined.
  • ARI has a Gross Margin of 36.98%. This is in the better half of the industry: ARI outperforms 77.14% of its industry peers.
  • In the last couple of years the Gross Margin of ARI has declined.
Industry RankSector Rank
OM 15.93%
PM (TTM) 16.94%
GM 36.98%
OM growth 3Y-25.68%
OM growth 5Y-20.21%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16.09%
GM growth 5Y-11.34%
ARI Yearly Profit, Operating, Gross MarginsARI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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3

2. Health

2.1 Basic Checks

  • ARI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • ARI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
ARI Yearly Shares OutstandingARI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
ARI Yearly Total Debt VS Total AssetsARI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • ARI has an Altman-Z score of 0.04. This is a bad value and indicates that ARI is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of ARI (0.04) is better than 67.14% of its industry peers.
  • ARI has a debt to FCF ratio of 134.05. This is a negative value and a sign of low solvency as ARI would need 134.05 years to pay back of all of its debts.
  • ARI has a better Debt to FCF ratio (134.05) than 64.29% of its industry peers.
  • ARI has a Debt/Equity ratio of 3.61. This is a high value indicating a heavy dependency on external financing.
  • With a decent Debt to Equity ratio value of 3.61, ARI is doing good in the industry, outperforming 64.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.61
Debt/FCF 134.05
Altman-Z 0.04
ROIC/WACC0.15
WACC6.97%
ARI Yearly LT Debt VS Equity VS FCFARI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 0.35 indicates that ARI may have some problems paying its short term obligations.
  • The Current ratio of ARI (0.35) is better than 62.86% of its industry peers.
  • A Quick Ratio of 0.35 indicates that ARI may have some problems paying its short term obligations.
  • The Quick ratio of ARI (0.35) is better than 62.86% of its industry peers.
Industry RankSector Rank
Current Ratio 0.35
Quick Ratio 0.35
ARI Yearly Current Assets VS Current LiabilitesARI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • ARI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.30%.
  • Measured over the past years, ARI shows a very strong growth in Earnings Per Share. The EPS has been growing by 28.72% on average per year.
EPS 1Y (TTM)-20.3%
EPS 3Y-8.42%
EPS 5Y28.72%
EPS Q2Q%-18.75%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.37%

3.2 Future

  • Based on estimates for the next years, ARI will show a small growth in Earnings Per Share. The EPS will grow by 6.03% on average per year.
  • Based on estimates for the next years, ARI will show a quite strong growth in Revenue. The Revenue will grow by 12.55% on average per year.
EPS Next Y-7.58%
EPS Next 2Y6.03%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year16.31%
Revenue Next 2Y12.55%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
ARI Yearly Revenue VS EstimatesARI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
ARI Yearly EPS VS EstimatesARI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • ARI is valuated reasonably with a Price/Earnings ratio of 10.02.
  • Based on the Price/Earnings ratio, ARI is valued a bit cheaper than the industry average as 68.57% of the companies are valued more expensively.
  • ARI is valuated cheaply when we compare the Price/Earnings ratio to 26.68, which is the current average of the S&P500 Index.
  • ARI is valuated reasonably with a Price/Forward Earnings ratio of 10.84.
  • ARI's Price/Forward Earnings ratio is in line with the industry average.
  • ARI is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.02
Fwd PE 10.84
ARI Price Earnings VS Forward Price EarningsARI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ARI indicates a somewhat cheap valuation: ARI is cheaper than 80.00% of the companies listed in the same industry.
  • ARI's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 26.29
EV/EBITDA 69.52
ARI Per share dataARI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.35
EPS Next 2Y6.03%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • ARI has a Yearly Dividend Yield of 9.47%, which is a nice return.
  • ARI's Dividend Yield is comparable with the industry average which is at 10.55.
  • Compared to an average S&P500 Dividend Yield of 1.84, ARI pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.47%

5.2 History

  • The dividend of ARI decreases each year by -6.89%.
  • ARI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-6.89%
Div Incr Years0
Div Non Decr Years0
ARI Yearly Dividends per shareARI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • 124.11% of the earnings are spent on dividend by ARI. This is not a sustainable payout ratio.
DP124.11%
EPS Next 2Y6.03%
EPS Next 3YN/A
ARI Yearly Income VS Free CF VS DividendARI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M
ARI Dividend Payout.ARI Dividend Payout, showing the Payout Ratio.ARI Dividend Payout.PayoutRetained Earnings

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APOLLO COMMERCIAL REAL ESTAT

NYSE:ARI (2/13/2026, 8:04:00 PM)

After market: 10.62 0 (0%)

10.62

+0.06 (+0.57%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-10
Earnings (Next)04-22
Inst Owners69.07%
Inst Owner Change-95.27%
Ins Owners0.56%
Ins Owner Change-2.3%
Market Cap1.48B
Revenue(TTM)N/A
Net Income(TTM)123.16M
Analysts82.22
Price Target11.17 (5.18%)
Short Float %2.52%
Short Ratio2.94
Dividend
Industry RankSector Rank
Dividend Yield 9.47%
Yearly Dividend1.42
Dividend Growth(5Y)-6.89%
DP124.11%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.72%
Min EPS beat(2)4.64%
Max EPS beat(2)38.8%
EPS beat(4)4
Avg EPS beat(4)23.83%
Min EPS beat(4)4.64%
Max EPS beat(4)39.78%
EPS beat(8)8
Avg EPS beat(8)18.47%
EPS beat(12)10
Avg EPS beat(12)2.29%
EPS beat(16)13
Avg EPS beat(16)2.67%
Revenue beat(2)0
Avg Revenue beat(2)-13.05%
Min Revenue beat(2)-16.96%
Max Revenue beat(2)-9.14%
Revenue beat(4)0
Avg Revenue beat(4)-13.84%
Min Revenue beat(4)-20.78%
Max Revenue beat(4)-8.49%
Revenue beat(8)0
Avg Revenue beat(8)-11.35%
Revenue beat(12)1
Avg Revenue beat(12)1.76%
Revenue beat(16)5
Avg Revenue beat(16)23.31%
PT rev (1m)3.79%
PT rev (3m)4.29%
EPS NQ rev (1m)2.25%
EPS NQ rev (3m)27.37%
EPS NY rev (1m)8.78%
EPS NY rev (3m)8.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.95%
Valuation
Industry RankSector Rank
PE 10.02
Fwd PE 10.84
P/S 2.03
P/FCF 26.29
P/OCF 8.01
P/B 0.79
P/tB 0.79
EV/EBITDA 69.52
EPS(TTM)1.06
EY9.98%
EPS(NY)0.98
Fwd EY9.23%
FCF(TTM)0.4
FCFY3.8%
OCF(TTM)1.33
OCFY12.48%
SpS5.23
BVpS13.4
TBVpS13.4
PEG (NY)N/A
PEG (5Y)0.35
Graham Number17.88
Profitability
Industry RankSector Rank
ROA 1.29%
ROE 6.61%
ROCE 1.34%
ROIC 1.06%
ROICexc 1.09%
ROICexgc 1.1%
OM 15.93%
PM (TTM) 16.94%
GM 36.98%
FCFM 7.72%
ROA(3y)0.48%
ROA(5y)0.78%
ROE(3y)1.75%
ROE(5y)2.86%
ROIC(3y)1.68%
ROIC(5y)2.3%
ROICexc(3y)1.74%
ROICexc(5y)2.43%
ROICexgc(3y)1.75%
ROICexgc(5y)2.45%
ROCE(3y)2.13%
ROCE(5y)2.91%
ROICexgc growth 3Y-15.06%
ROICexgc growth 5Y-22.32%
ROICexc growth 3Y-15.31%
ROICexc growth 5Y-22.29%
OM growth 3Y-25.68%
OM growth 5Y-20.21%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16.09%
GM growth 5Y-11.34%
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 3.61
Debt/FCF 134.05
Debt/EBITDA 53.41
Cap/Depr 1261.5%
Cap/Sales 17.62%
Interest Coverage 0.25
Cash Conversion 146.28%
Profit Quality 45.58%
Current Ratio 0.35
Quick Ratio 0.35
Altman-Z 0.04
F-Score6
WACC6.97%
ROIC/WACC0.15
Cap/Depr(3y)2341.93%
Cap/Depr(5y)N/A
Cap/Sales(3y)11.9%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.3%
EPS 3Y-8.42%
EPS 5Y28.72%
EPS Q2Q%-18.75%
EPS Next Y-7.58%
EPS Next 2Y6.03%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.37%
Revenue Next Year16.31%
Revenue Next 2Y12.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-27.16%
EBIT growth 3Y-9.49%
EBIT growth 5Y-11.73%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-75.61%
FCF growth 3Y-46.03%
FCF growth 5Y-35.16%
OCF growth 1Y-36.29%
OCF growth 3Y0.24%
OCF growth 5Y-5.98%

APOLLO COMMERCIAL REAL ESTAT / ARI FAQ

What is the fundamental rating for ARI stock?

ChartMill assigns a fundamental rating of 4 / 10 to ARI.


What is the valuation status for ARI stock?

ChartMill assigns a valuation rating of 5 / 10 to APOLLO COMMERCIAL REAL ESTAT (ARI). This can be considered as Fairly Valued.


How profitable is APOLLO COMMERCIAL REAL ESTAT (ARI) stock?

APOLLO COMMERCIAL REAL ESTAT (ARI) has a profitability rating of 5 / 10.


What are the PE and PB ratios of APOLLO COMMERCIAL REAL ESTAT (ARI) stock?

The Price/Earnings (PE) ratio for APOLLO COMMERCIAL REAL ESTAT (ARI) is 10.02 and the Price/Book (PB) ratio is 0.79.


Is the dividend of APOLLO COMMERCIAL REAL ESTAT sustainable?

The dividend rating of APOLLO COMMERCIAL REAL ESTAT (ARI) is 4 / 10 and the dividend payout ratio is 124.11%.