Apollo Global Management, Inc. (APO) vs Simon Property Group, Inc. (SPG)

APO and SPG are evenly matched — 7 metrics each of 14.

A side-by-side comparison of Apollo Global Management, Inc. and Simon Property Group, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 15, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — APO vs SPG

growth of $100 · last 15y
APO +635.6%SPG +118.4%APO compounded faster
02004006008001kStart $10020142017202020232026$736$218
APO SPG

APO vs SPG: by the numbers

  • APO is the larger company ($79.41B vs $71.03B market cap).
  • SPG trades at the lower earnings multiple (15.26 vs 40.08 P/E).
  • SPG converts more revenue to profit (70.40% vs 7.24% net margin).
  • APO grew revenue faster over the past five years (37.15% vs 8.15% CAGR).
  • SPG pays the higher dividend yield (4.02% vs 1.56%).

Which is better, APO or SPG?

Metric tally: APO 7 · SPG 7

It depends on what you're optimizing for:

ValueSPG(lower P/E)
GrowthAPO(faster 5Y revenue CAGR)
IncomeSPG(higher dividend yield)
QualitySPG(higher ROIC)

Metrics side by side

Valuation

MetricAPOSPG
P/E ratio40.0815.26
Forward P/E14.9931.77
P/S ratio2.6810.68
P/B ratio3.9914.61
PEG ratio0.530.14
EV / EBITDA12.90

Profitability

MetricAPOSPG
Gross margin89.33%85.24%
Operating margin31.05%48.28%
Net margin7.24%70.40%
ROE10.78%96.34%
ROIC7.24%8.55%

Dividends

MetricAPOSPG
Dividend yield1.56%4.02%
Payout ratio28.63%62.23%

Growth (annualized)

MetricAPOSPG
Revenue CAGR (5Y)37.15%8.15%
EPS CAGR (5Y)75.44%31.55%
Total return CAGR (5Y)21.35%16.57%

Frequently asked

Which is better, APO or SPG?
It depends on your goal. value: SPG (lower P/E); growth: APO (faster 5Y revenue CAGR); income: SPG (higher dividend yield); quality: SPG (higher ROIC). Across all compared metrics, they are evenly matched.
Is APO or SPG cheaper?
On trailing earnings, SPG is cheaper: APO trades at a 40.08 P/E and SPG at 15.26.
Which has grown faster, APO or SPG?
Over the past five years, APO grew revenue faster — APO at a 37.15% CAGR versus SPG at 8.15%.
Does APO or SPG pay a bigger dividend?
APO yields 1.56% and SPG yields 4.02% based on trailing dividends and the latest price.
Is APO or SPG more profitable?
SPG runs the higher net margin — APO at 7.24% versus SPG at 70.40%.
Which has been the better investment, APO or SPG?
Over the past 10-year, APO delivered the higher annualized total return — APO at 29.59% versus SPG at 6.24%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 15, 2026.