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Apollo Global Management vs KKR: revenue, profit, margins and growth compared

Apollo Global Management brought in $32B of revenue in fiscal 2025, KKR $19.5B in fiscal 2025. Revenue changed by +22.7% at Apollo Global Management and -11.0% at KKR on the year before, so Apollo Global Management grew faster. Apollo Global Management kept 10.9% of its revenue as net profit, KKR 12.2%.

Side by side, latest fiscal year

APOKKR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$32B$19.5B
Revenue growth+22.7%-11.0%
Net income$3.5B$2.4B
Net margin10.9%12.2%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$5.54n/a
Cash$20.6B$17.2B
Debt$13.4Bn/a
Price to earnings22.0n/a
Market value$71.9B$86.8B
Dividend yield1.64%0.76%
Rank by revenue in sector#17 of 444 · Finance#31 of 444 · Finance

Over the years

Revenue
APO FY2020: $2.4BAPO FY2022: $6BAPO FY2022: $11BAPO FY2023: $32.6BAPO FY2024: $26.1BAPO FY2025: $32BKKR FY2018: $2.4BKKR FY2019: $4.2BKKR FY2020: $4.2BKKR FY2021: $16.2BKKR FY2022: $5.7BKKR FY2023: $14.5BKKR FY2024: $21.9BKKR FY2025: $19.5BFY18FY19FY20FY21FY22FY23FY24FY25
APO $32BKKR $19.5B
Net income
APO FY2020: $157MAPO FY2022: $1.8BAPO FY2022: -$2BAPO FY2023: $5BAPO FY2024: $4.6BAPO FY2025: $3.5BKKR FY2018: $1.1BKKR FY2019: $2BKKR FY2020: $2BKKR FY2021: $4.7BKKR FY2022: -$521.7MKKR FY2023: $3.7BKKR FY2024: $3.1BKKR FY2025: $2.4BFY18FY19FY20FY21FY22FY23FY24FY25
APO $3.5BKKR $2.4B
Net margin
APO FY2020: 6.7%APO FY2022: 30.9%APO FY2022: -17.9%APO FY2023: 15.5%APO FY2024: 17.5%APO FY2025: 10.9%KKR FY2018: 47.2%KKR FY2019: 47.5%KKR FY2020: 47.3%KKR FY2021: 29.2%KKR FY2022: -9.1%KKR FY2023: 25.7%KKR FY2024: 14.1%KKR FY2025: 12.2%FY18FY19FY20FY21FY22FY23FY24FY25
APO 10.9%KKR 12.2%
Revenue growth
APO FY2022: +152.8%APO FY2022: +84.3%APO FY2023: +197.6%APO FY2024: -20.0%APO FY2025: +22.7%KKR FY2019: +76.2%KKR FY2020: +0.2%KKR FY2021: +283.5%KKR FY2022: -64.8%KKR FY2023: +154.2%KKR FY2024: +50.9%KKR FY2025: -11.0%FY19FY20FY21FY22FY23FY24FY25
APO +22.7%KKR -11.0%
Free cash flow
KKR FY2018: -$7.7BKKR FY2019: -$5.9BFY18FY19
APOKKR -$5.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Apollo Global Management and KKR

Which is bigger by revenue, Apollo Global Management or KKR?

Apollo Global Management is bigger by revenue: $32B in fiscal 2025, against $19.5B for KKR in fiscal 2025.

Which keeps more of its revenue as profit, Apollo Global Management or KKR?

Apollo Global Management had a net margin of 10.9% in fiscal 2025; KKR had 12.2% in fiscal 2025.

Which grew revenue faster, Apollo Global Management or KKR?

In their latest fiscal years revenue changed by +22.7% at Apollo Global Management and -11.0% at KKR.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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