# Apollo Commercial Real Estate Finance, Inc. (ARI)

> Real Estate · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/ARI/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ -88.82M | $ 52.01M | $ 46.48M | $ 371.43M | $ 1.25B |
| 2025 | $ 727.48M | $ 129.75M | $ 43.32M | $ 7.92B | $ 1.86B |
| 2024 | $ 737.36M | $ -125.75M | $ 32.32M | $ 6.39B | $ 1.87B |
| 2023 | $ 840.14M | $ 62.85M | $ 217.58M | $ 6.95B | $ 2.21B |
| 2022 | $ 716.45M | $ 296.29M | $ 262.15M | $ 6.97B | $ 2.35B |
| 2021 | $ 501.11M | $ 265.68M | $ 236.84M | $ 6.01B | $ 2.29B |
| 2020 | $ 505.36M | $ 23.41M | $ 208.99M | $ 4.55B | $ 2.27B |
| 2019 | $ 631.24M | $ 297.10M | $ 352.94M | $ 4.13B | $ 2.63B |
| 2018 | $ 546.24M | $ 290.53M | $ 351.26M | $ 2.47B | $ 2.51B |
| 2017 | $ 388.21M | $ 256.11M | $ 208.63M | $ 1.92B | $ 2.09B |
| 2016 | $ 322.07M | $ 215.55M | $ 163.56M | $ 1.47B | $ 1.93B |
| 2015 | $ 176.77M | $ 144.98M | $ 123.73M | $ 366.37M | $ 1.38B |
| 2014 | $ 142.72M | $ 116.91M | $ 94.72M | $ 336.05M | $ 855.07M |
| 2013 | $ 99.64M | $ 74.65M | $ 65.40M | $ 202.00M | $ 682.96M |
| 2012 | $ 79.21M | $ 58.01M | $ 57.90M | $ 225.20M | $ 546.92M |
| 2011 | $ 50.54M | $ 38.02M | $ 52.09M | $ 251.33M | $ 336.98M |
| 2010 | $ 30.16M | $ 16.65M | $ 25.13M | $ 297.33M | $ 297.84M |
| 2009 | $ 908.5K | $ -3.18M | $ -1.97M | $ 128.10M | $ 195.30M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.30 |
| Liabilities / Eq | 0.70 |
| Current Ratio | 2.43 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 2.15 |
| Gross Debt / FCF | 1.80 |

## Other views

- [Metrics](https://sponda.capital/en/ARI.md)
- [Charts](https://sponda.capital/en/ARI/charts.md)
- [Compare](https://sponda.capital/en/ARI/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.