SMID vs. APO

Last updated Apr 1, 2026

Compare and contrast key facts about Smith-Midland Corporation (SMID) and Apollo Global Management, Inc. (APO).

Performance

SMID vs. APO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Smith-Midland Corporation (SMID) and Apollo Global Management, Inc. (APO). The values are adjusted to include any dividend payments, if applicable.

SMID vs. APO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMID Smith-Midland Corporation	-10.48%	-18.26%	12.56%	92.68%	-56.38%	397.35%	57.50%	-18.98%	9.99%	29.02%
APO Apollo Global Management, Inc.	-22.72%	-11.12%	79.87%	49.44%	-9.59%	53.25%	8.00%	106.46%	-22.03%	85.29%

Fundamentals

Market Cap SMID : $172.57M APO : $66.63B
EPS SMID : $2.22 APO : $5.80
PE Ratio SMID : 14.66 APO : 19.20
PEG Ratio SMID : 0.06 APO : 0.05
PS Ratio SMID : 1.94 APO : 2.08
PB Ratio SMID : 3.31 APO : 3.04
Total Revenue (TTM) SMID : $88.87M APO : $32.06B
Gross Profit (TTM) SMID : $24.91M APO : $31.03B
EBITDA (TTM) SMID : $18.36M APO : $8.01B

Returns By Period

In the year-to-date period, SMID achieves a -10.48% return, which is significantly higher than APO's -22.72% return. Over the past 10 years, SMID has outperformed APO with an annualized return of 29.75%, while APO has yielded a comparatively lower 25.51% annualized return.

SMID

• 1D: 0.09%
• 1M: -15.31%
• YTD: -10.48%
• 6M: -11.84%
• 1Y: 4.70%
• 3Y*: 20.14%
• 5Y*: 20.62%
• 10Y*: 29.75%

APO

• 1D: 1.34%
• 1M: 6.52%
• YTD: -22.72%
• 6M: -15.72%
• 1Y: -17.39%
• 3Y*: 22.86%
• 5Y*: 20.87%
• 10Y*: 25.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SMID vs. APO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMID

SMID Risk / Return Rank: 43
SMID Sharpe Ratio Rank: 44
SMID Sortino Ratio Rank: 44
SMID Omega Ratio Rank: 42
SMID Calmar Ratio Rank: 41
SMID Martin Ratio Rank: 41

APO

APO Risk / Return Rank: 23
APO Sharpe Ratio Rank: 24
APO Sortino Ratio Rank: 23
APO Omega Ratio Rank: 23
APO Calmar Ratio Rank: 27
APO Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMID vs. APO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Smith-Midland Corporation (SMID) and Apollo Global Management, Inc. (APO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SMID	APO	Difference
Sharpe ratio Return per unit of total volatility	0.08	-0.40	+0.48
Sortino ratio Return per unit of downside risk	0.58	-0.31	+0.88
Omega ratio Gain probability vs. loss probability	1.07	0.96	+0.11
Calmar ratio Return relative to maximum drawdown	0.02	-0.50	+0.51
Martin ratio Return relative to average drawdown	0.04	-1.17	+1.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMID vs. APO - Sharpe Ratio Comparison

The current SMID Sharpe Ratio is 0.08, which is higher than the APO Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of SMID and APO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SMID	APO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	-0.40	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.57	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.68	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.56	-0.07

Correlation

The correlation between SMID and APO is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SMID vs. APO - Dividend Comparison

SMID has not paid dividends to shareholders, while APO's dividend yield for the trailing twelve months is around 1.83%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMID Smith-Midland Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.92%	0.74%	0.73%	0.19%	0.00%
APO Apollo Global Management, Inc.	1.83%	1.38%	1.10%	1.81%	2.51%	2.90%	4.72%	4.23%	7.86%	5.53%	6.46%	12.91%

Drawdowns

SMID vs. APO - Drawdown Comparison

The maximum SMID drawdown since its inception was -72.37%, which is greater than APO's maximum drawdown of -56.99%. Use the drawdown chart below to compare losses from any high point for SMID and APO.

Drawdown Indicators

	SMID	APO	Difference
Max Drawdown Largest peak-to-trough decline	-72.37%	-56.99%	-15.38%
Max Drawdown (1Y) Largest decline over 1 year	-39.29%	-34.97%	-4.32%
Max Drawdown (5Y) Largest decline over 5 years	-72.37%	-42.82%	-29.55%
Max Drawdown (10Y) Largest decline over 10 years	-72.37%	-53.48%	-18.89%
Current Drawdown Current decline from peak	-34.98%	-36.48%	+1.50%
Average Drawdown Average peak-to-trough decline	-27.34%	-16.21%	-11.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.92%	14.85%	+0.07%

Volatility

SMID vs. APO - Volatility Comparison

Smith-Midland Corporation (SMID) has a higher volatility of 22.66% compared to Apollo Global Management, Inc. (APO) at 10.58%. This indicates that SMID's price experiences larger fluctuations and is considered to be riskier than APO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMID	APO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.66%	10.58%	+12.08%
Volatility (6M) Calculated over the trailing 6-month period	36.74%	27.55%	+9.19%
Volatility (1Y) Calculated over the trailing 1-year period	59.75%	43.23%	+16.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.86%	36.72%	+28.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.93%	37.70%	+16.23%

Financials

SMID vs. APO - Profitability Comparison

The chart below illustrates the profitability comparison between Smith-Midland Corporation and Apollo Global Management, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SMID - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Smith-Midland Corporation reported a gross profit of 5.76M and revenue of 21.45M. Therefore, the gross margin over that period was 26.9%.

APO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Apollo Global Management, Inc. reported a gross profit of 9.88B and revenue of 9.88B. Therefore, the gross margin over that period was 100.0%.

SMID - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Smith-Midland Corporation reported an operating income of 3.85M and revenue of 21.45M, resulting in an operating margin of 18.0%.

APO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Apollo Global Management, Inc. reported an operating income of 916.00M and revenue of 9.88B, resulting in an operating margin of 9.3%.

SMID - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Smith-Midland Corporation reported a net income of 2.88M and revenue of 21.45M, resulting in a net margin of 13.4%.

APO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Apollo Global Management, Inc. reported a net income of 684.00M and revenue of 9.88B, resulting in a net margin of 6.9%.