Asset Management
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2 / 10Stock Comparison
BN vs ARES
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
BN vs ARES — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $104.40B | $40.44B |
| Revenue (TTM) | $77.66B | $6.47B |
| Net Income (TTM) | $1.31B | $527M |
| Gross Margin | 40.0% | 74.8% |
| Operating Margin | 39.9% | 27.2% |
| Forward P/E | 16.7x | 20.2x |
| Total Debt | $263.42B | $14.91B |
| Cash & Equiv. | $16.24B | $1.50B |
BN vs ARES — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Brookfield Corporat… (BN) | 100 | 273.1 | +173.1% |
| Ares Management Cor… (ARES) | 100 | 326.1 | +226.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BN vs ARES
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BN carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 1 yrs, beta 1.57
- Lower volatility, beta 1.57, current ratio 1.14x
- Beta 1.57, current ratio 1.14x
ARES is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 66.6%, EPS growth -5.3%
- 9.3% 10Y total return vs BN's 308.9%
- 66.6% NII/revenue growth vs BN's -9.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 66.6% NII/revenue growth vs BN's -9.7% | |
| Value | Lower P/E (16.7x vs 20.2x) | |
| Quality / Margins | Efficiency ratio 0.0% vs ARES's 0.5% (lower = leaner) | |
| Stability / Safety | Beta 1.57 vs ARES's 1.62, lower leverage | |
| Dividends | 6.6% yield; 7-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +25.5% vs ARES's -21.1% | |
| Efficiency (ROA) | Efficiency ratio 0.0% vs ARES's 0.5% |
BN vs ARES — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
BN vs ARES — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — BN and ARES each lead in 2 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
BN is the larger business by revenue, generating $77.7B annually — 12.0x ARES's $6.5B. ARES is the more profitable business, keeping 8.2% of every revenue dollar as net income compared to BN's 1.7%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $77.7B | $6.5B |
| EBITDAEarnings before interest/tax | $32.1B | $1.8B |
| Net IncomeAfter-tax profit | $1.3B | $527M |
| Free Cash FlowCash after capex | -$2.8B | $1.5B |
| Gross MarginGross profit ÷ Revenue | +40.0% | +74.8% |
| Operating MarginEBIT ÷ Revenue | +39.9% | +27.2% |
| Net MarginNet income ÷ Revenue | +1.7% | +8.2% |
| FCF MarginFCF ÷ Revenue | — | +23.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +73.1% | -80.9% |
Valuation Metrics
BN leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 62.8x trailing earnings, ARES trades at a 99% valuation discount to BN's 9999.0x P/E. On an enterprise value basis, BN's 8.5x EV/EBITDA is more attractive than ARES's 26.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $104.4B | $40.4B |
| Enterprise ValueMkt cap + debt − cash | $351.6B | $53.9B |
| Trailing P/EPrice ÷ TTM EPS | 9999.00x | 62.83x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.69x | 20.23x |
| PEG RatioP/E ÷ EPS growth rate | — | 3.56x |
| EV / EBITDAEnterprise value multiple | 8.53x | 26.88x |
| Price / SalesMarket cap ÷ Revenue | 1.34x | 6.25x |
| Price / BookPrice ÷ Book value/share | 0.66x | 3.08x |
| Price / FCFMarket cap ÷ FCF | — | 26.19x |
Profitability & Efficiency
ARES leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
ARES delivers a 6.2% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $1 for BN. BN carries lower financial leverage with a 1.59x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARES's 1.71x. On the Piotroski fundamental quality scale (0–9), ARES scores 8/9 vs BN's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +0.8% | +6.2% |
| ROA (TTM)Return on assets | +0.3% | +1.9% |
| ROICReturn on invested capital | +5.6% | +6.1% |
| ROCEReturn on capital employed | +7.2% | +7.3% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 8 |
| Debt / EquityFinancial leverage | 1.59x | 1.71x |
| Net DebtTotal debt minus cash | $247.2B | $13.4B |
| Cash & Equiv.Liquid assets | $16.2B | $1.5B |
| Total DebtShort + long-term debt | $263.4B | $14.9B |
| Interest CoverageEBIT ÷ Interest expense | 1.64x | 2.68x |
Total Returns (Dividends Reinvested)
BN leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ARES five years ago would be worth $26,021 today (with dividends reinvested), compared to $18,928 for BN. Over the past 12 months, BN leads with a +25.5% total return vs ARES's -21.1%. The 3-year compound annual growth rate (CAGR) favors BN at 30.5% vs ARES's 18.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -0.1% | -25.1% |
| 1-Year ReturnPast 12 months | +25.5% | -21.1% |
| 3-Year ReturnCumulative with dividends | +122.1% | +64.7% |
| 5-Year ReturnCumulative with dividends | +89.3% | +160.2% |
| 10-Year ReturnCumulative with dividends | +308.9% | +929.6% |
| CAGR (3Y)Annualised 3-year return | +30.5% | +18.1% |
Risk & Volatility
BN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BN is the less volatile stock with a 1.57 beta — it tends to amplify market swings less than ARES's 1.62 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BN currently trades 93.8% from its 52-week high vs ARES's 63.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.57x | 1.62x |
| 52-Week HighHighest price in past year | $49.57 | $195.26 |
| 52-Week LowLowest price in past year | $36.47 | $95.80 |
| % of 52W HighCurrent price vs 52-week peak | +93.8% | +63.1% |
| RSI (14)Momentum oscillator 0–100 | 62.5 | 63.2 |
| Avg Volume (50D)Average daily shares traded | 5.9M | 3.7M |
Analyst Outlook
ARES leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates BN as "Buy" and ARES as "Buy". Consensus price targets imply 44.0% upside for ARES (target: $177) vs 17.0% for BN (target: $54). ARES is the only dividend payer here at 6.56% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $54.40 | $177.38 |
| # AnalystsCovering analysts | 9 | 22 |
| Dividend YieldAnnual dividend ÷ price | — | +6.6% |
| Dividend StreakConsecutive years of raises | 1 | 7 |
| Dividend / ShareAnnual DPS | — | $8.08 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
BN leads in 3 of 6 categories (Valuation Metrics, Total Returns). ARES leads in 2 (Profitability & Efficiency, Analyst Outlook). 1 tied.
BN vs ARES: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BN or ARES a better buy right now?
For growth investors, Ares Management Corporation (ARES) is the stronger pick with 66.
6% revenue growth year-over-year, versus -9. 7% for Brookfield Corporation (BN). Ares Management Corporation (ARES) offers the better valuation at 62. 8x trailing P/E (20. 2x forward), making it the more compelling value choice. Analysts rate Brookfield Corporation (BN) a "Buy" — based on 9 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BN or ARES?
On trailing P/E, Ares Management Corporation (ARES) is the cheapest at 62.
8x versus Brookfield Corporation at 9999. 0x. On forward P/E, Brookfield Corporation is actually cheaper at 16. 7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BN or ARES?
Over the past 5 years, Ares Management Corporation (ARES) delivered a total return of +160.
2%, compared to +89. 3% for Brookfield Corporation (BN). Over 10 years, the gap is even starker: ARES returned +929. 6% versus BN's +308. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BN or ARES?
By beta (market sensitivity over 5 years), Brookfield Corporation (BN) is the lower-risk stock at 1.
57β versus Ares Management Corporation's 1. 62β — meaning ARES is approximately 4% more volatile than BN relative to the S&P 500. On balance sheet safety, Brookfield Corporation (BN) carries a lower debt/equity ratio of 159% versus 171% for Ares Management Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — BN or ARES?
By revenue growth (latest reported year), Ares Management Corporation (ARES) is pulling ahead at 66.
6% versus -9. 7% for Brookfield Corporation (BN). On earnings-per-share growth, the picture is similar: Ares Management Corporation grew EPS -5. 3% year-over-year, compared to -99. 8% for Brookfield Corporation. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BN or ARES?
Ares Management Corporation (ARES) is the more profitable company, earning 8.
2% net margin versus 1. 7% for Brookfield Corporation — meaning it keeps 8. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BN leads at 39. 9% versus 27. 2% for ARES. At the gross margin level — before operating expenses — ARES leads at 74. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BN or ARES more undervalued right now?
On forward earnings alone, Brookfield Corporation (BN) trades at 16.
7x forward P/E versus 20. 2x for Ares Management Corporation — 3. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ARES: 44. 0% to $177. 38.
08Which pays a better dividend — BN or ARES?
In this comparison, ARES (6.
6% yield) pays a dividend. BN does not pay a meaningful dividend and should not be held primarily for income.
09Is BN or ARES better for a retirement portfolio?
For long-horizon retirement investors, Ares Management Corporation (ARES) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (6.
6% yield, +929. 6% 10Y return). Brookfield Corporation (BN) carries a higher beta of 1. 57 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ARES: +929. 6%, BN: +308. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BN and ARES?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BN is a mid-cap quality compounder stock; ARES is a mid-cap high-growth stock. ARES pays a dividend while BN does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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