Apollo Commercial Real Estate Finance Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Apollo Commercial Real Estate Finance Inc (ARI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Apollo Commercial Real Estate Finance Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 238M vs 6,826M combined for tracked competitors (3.4% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-25.4% annualized vs trailing 12 months), vs decelerating (-46.9%) for its tracked peer group.
- Growth: Apollo Commercial Real Estate Finance Inc generated -37.4% revenue growth year over year in Q2 2026, vs -47.7% for its tracked competitors combined.
- Profitability: Its 58.1% net margin compares with -16.5% for the peer group.
- Scale: Apollo Commercial Real Estate Finance Inc ranks #108 of 189 companies by market capitalization in the Real Estate Investment Trusts industry, holding 0.1% of industry market cap.
- Peer revenue share: Apollo Commercial Real Estate Finance Inc accounted for 4.7% of combined revenue among its tracked peer group, up from 3.9% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ARI Sales vs. its Competitors, Q2 2026
Apollo Commercial Real Estate Finance Inc reported revenue contraction of 37.40 % year on year in Q2 2026, above its competitors' combined revenue change of -47.69 %.
With a net margin of 58.08 %, Apollo Commercial Real Estate Finance Inc achieved higher profitability than its competitors (-16.52 %).
Apollo Commercial Real Estate Finance Inc generated 4.67 % of the combined sales of its peer group, up from 3.93 % a year earlier.
Apollo Commercial Real Estate Finance Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Apollo Commercial Real Estate Finance Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Apollo Commercial Real Estate Finance Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Apollo Commercial Real Estate Finance Inc's competitor groups requires a Commercial License.
For context: the Real Estate Investment Trusts industry grew revenue -0.8% year over year, combined, vs -37.4% for Apollo Commercial Real Estate Finance Inc. Apollo Commercial Real Estate Finance Inc's share of combined industry revenue moved from 0.10% to 0.06%, a loss of 0.04 percentage points.
Apollo Commercial Real Estate Finance Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Apollo Commercial Real Estate Finance Inc | Yes | No | No | No |
| Competitors combined (13) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 37.50 % (3 of 8) | 12.50 % (1 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
ARI Stock Performance relative to its Competitors
ARI Stock Performance relative to Similar-Size Competitors
ARI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Lument Finance Trust Inc | 282.9% | Outperformed |
| 2 | Financial Institutions Inc | 282.9% | Outperformed |
| 3 | Adamas Trust Inc | 282.9% | Outperformed |
| 4 | Chunghwa Telecom Co Ltd | 282.9% | Outperformed |
| 5 | Redwood Mortgage Investors Ix | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Apollo Commercial Real Estate Finance Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Apollo Commercial Real Estate Finance Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Apollo Commercial Real Estate Finance Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Apollo Commercial Real Estate Finance Inc | 815.90 | 237.89 |
| Chunghwa Telecom Co Ltd | 35,404.60 | 7,527.00 |
| Starwood Property Trust inc | 5,251.59 | 2,007.95 |
| Independence Realty Trust Inc | 3,469.75 | 666.83 |
| Blackstone Mortgage Trust Inc | 2,096.85 | 2,297.66 |
| Ladder Capital Corp | 1,126.00 | 352.47 |
| SUBTOTAL | 50,690.80 | 14,720.52 |
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Sources: Apollo Commercial Real Estate Finance Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Apollo Commercial Real Estate Finance Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Apollo Commercial Real Estate Finance Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Financial Institutions Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Apollo Commercial Real Estate Finance Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Apollo Commercial Real Estate Finance Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Starwood Property Trust inc | Commercial and Residential Lending 67.24 % |
| Altisource Portfolio Solutions S a | Servicer and Real Estate Solutions 71.38 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Apollo Commercial Real Estate Finance Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Apollo Commercial Real Estate Finance Inc | 816 | - | - |
| Chunghwa Telecom Co Ltd | 35,405 | 625,842 | 107,342 |
| Starwood Property Trust inc | 5,252 | 6,197,377 | 817,046 |
| Independence Realty Trust Inc | 3,470 | 737,642 | 49,004 |
| Blackstone Mortgage Trust Inc | 2,097 | 28,366,185 | 190,481 |
| Ladder Capital Corp | 1,126 | 5,874,517 | 869,933 |
| PEERS TOTAL | 49,875 | 901,278 | 108,969 |
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Apollo Commercial Real Estate Finance Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 182 companies in Apollo Commercial Real Estate Finance Inc's industry classification, broader than the peer set above. Market cap in millions of $.Apollo Commercial Real Estate Finance Inc ranks #108 of 182 companies by market capitalization in its industry, holding 0.06 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 417, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Welltower Inc | 169,907 | 11.84 % |
| 2 | Prologis Inc | 127,892 | 8.91 % |
| 3 | Equinix Inc | 101,514 | 7.07 % |
| 4 | American Tower Corporation | 78,673 | 5.48 % |
| 5 | Simon Property Group inc | 1,234 | 5.2% |
| 6 | Digital Realty Trust Inc | 1,234 | 5.2% |
| 7 | Realty Income Corporation | 1,234 | 5.2% |
| 8 | Public Storage | 1,234 | 5.2% |
| 9 | Ventas inc | 1,234 | 5.2% |
| 10 | Iron Mountain Inc | 1,234 | 5.2% |
| 108 | Apollo Commercial Real Estate Finance Inc | 815 | 0.06 % |
Market cap and industry share for the rest of Apollo Commercial Real Estate Finance Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Apollo Commercial Real Estate Finance Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 103 | Centerspace | 928 | -4.50 % |
| 104 | Safehold inc | 866 | -21.12 % |
| 105 | Chimera Investment Corporation | 857 | -25.11 % |
| 106 | Nexpoint Real Estate Finance Inc | 843 | 10.47 % |
| 107 | Service Properties Trust | 1,234 | 12.3% |
| 108 | Apollo Commercial Real Estate Finance Inc | 815 | -41.28 % |
| 109 | Arbor Realty Trust Inc | 1,234 | 12.3% |
| 110 | Adamas Trust Inc | 1,234 | 12.3% |
| 111 | Saul Centers Inc | 1,234 | 12.3% |
| 112 | Pennymac Mortgage Investment Trust | 1,234 | 12.3% |
| 113 | Cto Realty Growth Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Apollo Commercial Real Estate Finance Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Apollo Commercial Real Estate Finance Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Real Estate Investment Trusts industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (194 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 71.22 % (avg) | - |
| Operating Margin | 133.64 % | industry median | +105.6 pp |
| EBITDA Margin | 119.50 % | 37.42 % (avg) | +82.1 pp |
| Capital Intensity (Capex / Revenue) | 27.35 % | 23.97 % (avg) | +3.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Apollo Commercial Real Estate Finance Inc's Valuation vs Competitive Position
Valuation multiples vs the Real Estate Investment Trusts industry average (194 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 11.6x | 33.2x | -21.6x |
| EV / EBITDA | -19.7x | 17.6x | -37.4x |
| P/B | 0.8x | 2.0x | -1.2x |
| Return on Equity | 7.78 % | industry aggregate | 1.83 % |
| Return on Invested Capital | 3.35 % | 1.99 % (avg) | 1.36 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Apollo Commercial Real Estate Finance Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 10.24 % | 13.56 % | -7.32 % | -8.59 % | 10.15 % | 13.49 % | -11.87 % | -10.56 % |
| Operating Margin | 79.54 % | 76.23 % | 50.44 % | 123.09 % | 134.10 % | 143.10 % | 152.40 % | 156.97 % |
| Return on Invested Capital | 4.22 % | 4.00 % | 2.02 % | 3.35 % | 3.45 % | 4.26 % | 4.23 % | 3.75 % |
| P/E | 13.6x | 14.2x | 230.7x | 10.1x | 7.2x | 36.9x | - | 11.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Apollo Commercial Real Estate Finance Inc's Strategic Group Map
Every company in Apollo Commercial Real Estate Finance Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Apollo Commercial Real Estate Finance Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Apollo Commercial Real Estate Finance Inc's BCG Growth-Share Matrix
Relative market share (vs Apollo Commercial Real Estate Finance Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Apollo Commercial Real Estate Finance Inc falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 1.9% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Apollo Commercial Real Estate Finance Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 417 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 27.35 % vs industry average 23.97 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Apollo Commercial Real Estate Finance Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Apollo Commercial Real Estate Finance Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Apollo Commercial Real Estate Finance Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Apollo Commercial Real Estate Finance Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Apollo Commercial Real Estate Finance Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 105.6 points above the industry median.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-25.4% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
- Trades at a lower P/E than the industry average (11.6x vs 33.2x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of tracked competitors (40.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-46.9% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Apollo Commercial Real Estate Finance Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Apollo Commercial Real Estate Finance Inc | 5.59 | 88.55 | - |
| Chunghwa Telecom Co Ltd | 0.46 | 1.45 | 0.03 |
| Starwood Property Trust inc | 0.05 | 2.74 | 4.27 |
| Independence Realty Trust Inc | 0.34 | 0.52 | 0.67 |
| Blackstone Mortgage Trust Inc | 0.03 | 0.03 | 2.47 |
| Ladder Capital Corp | 0.65 | 12.60 | 0.69 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Apollo Commercial Real Estate Finance Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Apollo Commercial Real Estate Finance Inc | Q2 2026 | -37.4 % | +24.3 % |
| Chunghwa Telecom Co Ltd | Q4 2025 | +5.1 % | +7.6 % |
| Starwood Property Trust inc | Q2 2026 | +15.6 % | -88.9 % |
| Independence Realty Trust Inc | Q2 2026 | +3.1 % | -58.2 % |
| Blackstone Mortgage Trust Inc | Q2 2026 | - | - |
| Ladder Capital Corp | Q2 2026 | -38.6 % | -14.9 % |
| PEERS TOTAL | -5.5 % | -15.5 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Apollo Commercial Real Estate Finance Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Apollo Commercial Real Estate Finance Inc | Q2 2026 | - | -71.1 % |
| Chunghwa Telecom Co Ltd | Q4 2025 | +4.1 % | -1.2 % |
| Starwood Property Trust inc | Q2 2026 | +81.3 % | - |
| Independence Realty Trust Inc | Q2 2026 | +2.8 % | -57.1 % |
| Blackstone Mortgage Trust Inc | Q2 2026 | - | - |
| Ladder Capital Corp | Q2 2026 | - | - |
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Apollo Commercial Real Estate Finance Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Apollo Commercial Real Estate Finance Inc | 1.67% | 1.70% | 7.78% |
| Chunghwa Telecom Co Ltd | 7.56% | 8.76% | 10.16% |
| Starwood Property Trust inc | 0.43% | 0.39% | 3.76% |
| Independence Realty Trust Inc | 0.73% | 0.72% | 1.25% |
| Blackstone Mortgage Trust Inc | 0.08% | 0.09% | 0.45% |
| Ladder Capital Corp | 0.99% | 0.99% | 3.57% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Apollo Commercial Real Estate Finance Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Apollo Commercial Real Estate Finance Inc | 7.21 | 3.43 |
| Chunghwa Telecom Co Ltd | 287.38 | 4.70 |
| Starwood Property Trust inc | 23.48 | 2.62 |
| Independence Realty Trust Inc | 61.25 | 5.20 |
| Blackstone Mortgage Trust Inc | 155.13 | 0.91 |
| Ladder Capital Corp | 21.64 | 3.19 |
| PEERS AVERAGE | 26.92 | 3.44 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.