Apollo Globalvs.Blackstone
APO vs BX · both in Asset & alternative managers, part of the Banks, payments & capital markets value chain: The managers that invest other people’s money, from ETFs to private equity and credit.
Blackstone is about 2.2× larger than Apollo Global by market cap; Blackstone trades at the lower P/E (52.8 vs 74.1).
Side by side
| APO | BX | |
|---|---|---|
| Market cap | $84.8B | $186B |
| Price | $133.67 | $143.20 |
| Today | +0.4% | −0.1% |
| Return YTD | −8.0% | −7.0% |
| Return 1Y | −0.5% | −15.4% |
| P/E | 74.1 | 52.8 |
| P/S | 3.0 | 11.5 |
| P/B | 4.2 | 20.6 |
Data as of 2026-08-27 · updates daily after U.S. close
The two companies
Apollo GlobalAPO
Athene's retirement liabilities give Apollo long-dated money, and Apollo lends it out. Private credit and direct lending are where most of it goes, with private equity still in the mix.
Full APO profile →BlackstoneBX
Real estate and private equity are the historic core, with credit and infrastructure added since; no alternative-asset manager is bigger. Capital is locked up for years, and Blackstone takes both a management fee and a share of the gains.
Full BX profile →More APO & BX comparisons
Other head-to-heads in the Asset & alternative managers segment.