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Apollo Global Management vs Blackstone: Which Stock Looks Stronger in 2026?

Blackstone leads structurally, with valuation as the clearest single gap between the two profiles. The remaining gap is narrow enough that the comparison remains open to different readings. The market setup is currently leaning toward Apollo Global Management, which does not confirm the structural lead. That leaves a split case: the structural lead stays with Blackstone, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-08-16

Valuation still does most of the heavy lifting in this comparison.

INDUSTRY COMPARISON

Both operate in: Asset Management

This comparison is based on industry proximity, not on functional trajectory similarity. APO and BX share the same industry classification.

For a similarity-based comparison, see how Apollo Global Management and Blackstone each position within their functional peer groups in AssetNext.

Peer-Relative Score
APO
Apollo Global Management, Inc.
60
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
BX
Blackstone Inc.
66
Peer-Score
Signal qualityLow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: APO vs BX Profitability 86 92 Stability 29 29 Valuation 34 51 Growth 89 88 APO BX
Gap Ranking
#1 Valuation +17
#2 Profitability +6
#3 Growth +1
#4 Stability —
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for APO and BX Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer APOBX Relative valuation Structural strength

Structure stays fairly close here, while current pricing still looks more supportive for Blackstone Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where APO and BX each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY APO Elevated · above norm 0th 50th 100th 7 pct gap BX Elevated · below norm 0th 50th 100th 88th 82nd
APO (88th percentile) and BX (82nd percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
On valuation, Blackstone Inc. is positioned higher in the group, while Apollo Global Management, Inc. is closer to the middle.
Valuation — Dominant Gap
APO
34
BX
51
Gap+17in favour of BX

The multiple-based pricing edge comes from a trailing P/E that is 17.6 turns lower.

What keeps the gap from being one-sided

The market setup is mixed for both, so the structural comparison carries most of the weight here.

What this means for the comparison

The result is clear, but valuation still explains more of it than the full profile does.

Explore full peer positioning in AssetNext

Break down the APO vs BX comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar valuation-and-profitability comparisons

Explore how APO and BX each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.