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ARESAres Management Corporation
$129.34$42.5B
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ARES logoAres Management Corporation(ARES)Earnings, Financials & Key Ratios

ARES•NYSE•Banking & Credit
66.0× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryAlternative asset managers
AboutAres Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.Show more
  • Net Interest Income-$97M-4988.9%
  • Total Revenue$6.47B+66.6%
  • Net Income$527M+13.7%
  • Return on Equity6.79%-17.2%
  • Net Interest Margin-0.33%-4267.7%
  • Efficiency Ratio47.57%+53.1%
  • ROA1.96%+4.7%
  • Equity / Assets30.01%+9.4%
  • Book Value per Share40.03+16.2%

ARES Key Insights

Ares Management Corporation (ARES) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 28.2%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓Efficient operations: 47.6% efficiency ratio
  • ✓Well capitalized: 30.0% equity/assets
  • ✓Diversified revenue: 89.6% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -0.3%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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ARES Price & Volume

Ares Management Corporation (ARES) stock price & volume — 10-year historical chart

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ARES Growth Metrics

Ares Management Corporation (ARES) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years23.03%
5 Years29.68%
3 Years28.41%
TTM-

Profit CAGR

10 Years39.15%
5 Years28.22%
3 Years46.55%
TTM13.72%

EPS CAGR

10 Years23.89%
5 Years17.64%
3 Years31.09%
TTM-11.25%

Return on Capital

10 Years3.27%
5 Years4.59%
3 Years5.37%
Last Year7.33%

ARES Recent Earnings

Ares Management Corporation (ARES) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 1, 2026
Metric
Actual
Est
EPS
$1.24-6.8%
$1.33
Rev
$1.3B+0.9%
$1.3B
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$1.45-14.2%
$1.69
Rev
$1.5B+0.7%
$1.5B
Q4 2025
Nov 3, 2025
Metric
Actual
Est
EPS
$1.19+3.5%
$1.15
Rev
$1.7B+57.0%
$1.1B
Q3 2025
Aug 1, 2025
Metric
Actual
Est
EPS
$1.03-4.6%
$1.08
Rev
$1.4B+33.3%
$1.0B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 1, 2026
$1.24vs $1.33-6.8%
$1.3Bvs $1.3B+0.9%
Q1 2026Feb 5, 2026
$1.45vs $1.69-14.2%
$1.5Bvs $1.5B+0.7%
Q4 2025Nov 3, 2025
$1.19vs $1.15+3.5%
$1.7Bvs $1.1B+57.0%
Q3 2025Aug 1, 2025
$1.03vs $1.08-4.6%
$1.4Bvs $1.0B+33.3%
Based on last 12 quarters of dataView full earnings history →

ARES Peer Comparison

Ares Management Corporation (ARES) competitors in Alternative asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
APO logoAPOApollo Global Management, Inc.Direct Competitor79.27B137.5018.9416.03%7.24%5.52%0.31
KKR logoKKRKKR & Co. Inc.Direct Competitor86.49B97.0141.46-10.99%12.45%3.19%0.67
BX logoBXBlackstone Inc.Direct Competitor96.99B123.7831.9021.58%21.83%14.35%0.61
CG logoCGThe Carlyle Group Inc.Direct Competitor16.18B44.8020.5519.8%13.7%7.81%1.97
BAM logoBAMBrookfield Asset Management Ltd.Direct Competitor77.71B47.4430.6123.15%49.64%23.23%0.35
TPG logoTPGTPG Inc.Direct Competitor16.12B42.0534.7577.91%0.51%0.41%0.42
OWL logoOWLBlue Owl Capital Inc.Product Competitor14.9B9.5379.4225.04%2.96%1.43%0.64
HLI logoHLIHoulihan Lokey, Inc.Product Competitor9.82B140.7724.1924.81%16.91%20.14%0.20

Compare ARES vs Peers

Ares Management Corporation (ARES) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs APO

Most directly comparable listed peer for ARES.

Scale Benchmark

vs MS

Larger-name benchmark to compare ARES against a more recognizable public peer.

Peer Set

Compare Top 5

vs APO, KKR, BX, CG

ARES Income Statement

Ares Management Corporation (ARES) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income
46.82M100.56M105.69M160.5M152.88M113.21M153.94M-1.9M-96.59M
NII Growth %
37.69%114.79%5.1%51.86%-4.75%-25.95%35.98%-101.23%-4988.88%
Net Interest Margin %
0.55%0.99%0.88%1.06%0.71%0.51%0.62%-0.01%-0.33%
Interest Income
194.76M344.9M403.11M471.72M447.68M595.93M1.01B976.4M670.87M
Interest Expense
147.95M244.34M297.42M311.22M294.81M482.72M860.88M978.3M767.46M
Loan Loss Provision
366.16M326.04M355.94M456.03M867.83M1.02B625.82M753.45M863.46M
Non-Interest Income
1.29B613.56M1.36B1.29B3.76B2.46B2.62B2.91B5.8B
Non-Interest Income %
86.84%64.01%77.17%73.26%89.37%80.5%72.06%74.87%89.63%
Total Revenue
1.48B▲ 0%
958.46M▼ 35.2%
1.77B▲ 84.2%
1.76B▼ 0.1%
4.21B▲ 138.8%
3.06B▼ 27.5%
3.63B▲ 18.9%
3.88B▲ 7.0%
6.47B▲ 66.6%
Revenue Growth %
17.98%-35.24%84.2%-0.08%138.77%-27.46%18.87%6.96%66.55%
Non-Interest Expense
1.06B299.98M809.45M683.23M2.25B1.25B1.31B1.21B3.08B
Efficiency Ratio
71.29%31.3%45.85%38.73%53.36%40.93%36.1%31.07%47.57%
Operating Income
-89.26M▲ 0%
88.1M▲ 198.7%
302.64M▲ 243.5%
313.56M▲ 3.6%
802.01M▲ 155.8%
306.36M▼ 61.8%
834.03M▲ 172.2%
946.09M▲ 13.4%
1.76B▲ 86.2%
Operating Margin %
-6.03%9.19%17.14%17.78%19.04%10.03%22.96%24.35%27.22%
Operating Income Growth %
-148.83%198.7%243.52%3.61%155.78%-61.8%172.24%13.44%86.17%
Pretax Income
149.86M▲ 0%
184.34M▲ 23.0%
425.18M▲ 130.6%
379.48M▼ 10.7%
1.07B▲ 180.8%
510.81M▼ 52.1%
1.33B▲ 161.0%
1.28B▼ 4.3%
1.29B▲ 0.9%
Pretax Margin %
10.13%19.23%24.08%21.51%25.3%16.72%36.7%32.83%19.89%
Income Tax
-23.05M32.2M52.38M54.99M147.38M71.89M172.97M164.62M198.53M
Effective Tax Rate %
-15.38%17.47%12.32%14.49%13.83%14.07%12.98%12.91%15.43%
Net Income
76.18M▲ 0%
57.02M▼ 25.1%
148.88M▲ 161.1%
152.14M▲ 2.2%
408.84M▲ 168.7%
167.54M▼ 59.0%
474.33M▲ 183.1%
463.74M▼ 2.2%
527.36M▲ 13.7%
Net Margin %
5.15%5.95%8.43%8.62%9.71%5.48%13.06%11.94%8.15%
Net Income Growth %
-31.87%-25.15%161.11%2.19%168.72%-59.02%183.11%-2.23%13.72%
Net Income (Continuing)
172.91M152.14M372.8M324.49M918.3M438.92M1.16B1.11B1.09B
EPS (Diluted)
0.62▲ 0%
0.30▼ 51.6%
1.06▲ 253.3%
0.87▼ 17.9%
2.15▲ 147.1%
0.87▼ 59.5%
2.42▲ 178.2%
2.07▼ 14.5%
1.96▼ 5.3%
EPS Growth %
-48.33%-51.61%253.33%-17.92%147.13%-59.53%178.16%-14.46%-5.31%
EPS (Basic)
0.620.301.110.892.250.872.462.071.96
Diluted Shares Outstanding
81.84M96.02M119.88M149.51M180.11M175.51M195.77M198.05M217.36M

ARES Balance Sheet

Ares Management Corporation (ARES) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments
675.43M494.89M744.71M1.06B1.39B1.11B1.5B2.74B1.5B
Cash & Due from Banks
675.43M494.89M744.71M1.06B1.39B1.11B1.5B2.74B1.5B
Short Term Investments
000000000
Total Investments
7.31B9B10.39B12.56B16.5B17.18B19.23B17.38B12.84B
Investments Growth %
92.37%23.15%15.47%20.87%31.38%4.11%11.92%-9.59%-26.11%
Long-Term Investments
7.31B9B10.39B12.56B16.5B17.18B19.23B17.38B12.84B
Accounts Receivables
000000000
Goodwill & Intangibles
184.36M175.22M151.83M593.13M2.21B2.21B2.18B2.14B5.57B
Goodwill
143.9M143.79M143.85M371.05M787.97M999.66M1.12B1.16B3.45B
Intangible Assets
40.47M31.43M7.97M222.09M1.42B1.21B1.06B975.83M2.12B
PP&E (Net)
61.15M63.38M206.29M215.62M238.91M235.63M371.55M688.99M517.35M
Other Assets
43.55M35.59M33.82M42.89M64.34M111.62M157.45M186.08M6.71B
Total Current Assets
958.72M839.06M1.18B1.69B2.55B2.2B2.77B4.25B3.35B
Total Non-Current Assets
7.6B9.32B10.83B13.48B19.05B19.8B21.96B20.64B25.64B
Total Assets
8.56B▲ 0%
10.15B▲ 18.6%
12.01B▲ 18.3%
15.17B▲ 26.3%
21.61B▲ 42.4%
22B▲ 1.8%
24.73B▲ 12.4%
24.88B▲ 0.6%
28.99B▲ 16.5%
Asset Growth %
46.89%18.58%18.31%26.26%42.43%1.84%12.4%0.62%16.51%
Return on Assets (ROA)
1.06%0.61%1.34%1.12%2.22%0.77%2.03%1.87%1.96%
Accounts Payable
146.27M167.1M150.03M162.11M382.93M400.21M423.41M686.97M0
Total Debt
11.3B7.37B8.57B10.9B12.49B13.33B15.76B13.15B14.91B
Net Debt
10.62B6.87B7.82B9.84B11.1B12.22B14.26B10.41B13.41B
Long-Term Debt
5.59B7.16B8.29B10.6B12.16B12.98B15.31B12.23B12.77B
Short-Term Debt
132.48M207.92M106.05M121.91M127.77M168.05M125.24M275M1.49B
Other Liabilities
-5.55B29.39M37.8M222.29M1.41B1.62B834.29M855.09M5B
Total Current Liabilities
1.49B1.57B1.66B1.69B4.02B3.42B3.79B4.33B1.49B
Total Non-Current Liabilities
5.61B7.19B8.5B11B13.77B14.78B16.47B13.73B18.8B
Total Liabilities
7.1B8.76B10.16B12.7B17.79B18.2B20.26B18.06B20.29B
Total Equity
1.46B▲ 0%
1.39B▼ 4.5%
1.86B▲ 33.3%
2.47B▲ 33.0%
3.81B▲ 54.3%
3.8B▼ 0.4%
4.47B▲ 17.8%
6.82B▲ 52.5%
8.7B▲ 27.5%
Equity Growth %
6.03%-4.52%33.3%32.99%54.32%-0.41%17.79%52.52%27.51%
Equity / Assets (Capital Ratio)
17.05%13.73%15.47%16.29%17.66%17.26%18.09%27.42%30.01%
Return on Equity (ROE)
5.37%3.99%9.15%7.03%13.01%4.4%11.47%8.21%6.79%
Book Value per Share
17.8414.5215.5016.5321.1821.6422.8534.4640.03
Tangible BV per Share
15.5912.7014.2412.578.909.0611.7123.6614.41
Common Stock
279.06M1.02M1.15M2.6M2.9M2.95M3.08M3.13M3.24M
Additional Paid-in Capital
0326.01M525.24M1.04B1.91B1.97B2.39B2.94B4.24B
Retained Earnings
0-29.34M-50.82M-151.82M-89.38M-369.48M-495.08M-837.29M-1.45B
Accumulated OCI
-4.21M-8.52M-6.05M483K-1.85M-14.99M-5.63M-17.76M21.74M
Treasury Stock
000000000
Preferred Stock
298.76M298.76M298.76M298.76M0001.46B1.46B

ARES Cash Flow Statement

Ares Management Corporation (ARES) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
-1.86B428.08M-2.08B-425.66M-2.6B-734.11M-233.26M2.79B1.62B
Operating CF Growth %
-197.77%122.98%-586.6%79.57%-509.89%71.72%68.23%1296.58%-42.08%
Net Income
172.91M152.14M372.8M324.49M390.71M438.92M1.16B1.11B484.79M
Depreciation & Amortization
32.81M28.52M39.46M41.25M113.96M341.34M231.71M158.58M241.93M
Deferred Taxes
-8.11M00000000
Other Non-Cash Items
-2.03B188.22M-2.18B-975.05M-3.2B-1.52B-1.43B1.37B616.56M
Working Capital Changes
-100.93M164.69M-413.87M60.67M98.52M-194.63M-454.06M-202.99M273.24M
Cash from Investing
-33.16M-18.42M-16.8M-136.76M-1.08B-337.38M-111.08M-159.4M694.23M
Purchase of Investments
0000000-6.51B-8.5B
Sale/Maturity of Investments
00000008.25B11B
Net Investment Activity
00000001.74B2.5B
Acquisitions
000-120.82M-1.06B-301.58M-43.9M-67.89M-1.73B
Other Investing
0000000-1.74B0
Cash from Financing
1.65B1.41B2.12B943.89M3.5B1.13B292.13M-1.43B-3.27B
Dividends Paid
-283.36M-156.55M-345.37M-468.48M-604.36M-836.36M-1.03B-1.31B-1.76B
Share Repurchases
00-10.45M000000
Stock Issued
1.04M105.33M206.71M476.03M827.43M21.2M85.96M407.12M0
Net Stock Activity
1.04M105.33M196.26M476.03M827.43M21.2M85.96M407.12M0
Debt Issuance (Net)
1000K1000K1000K1000K1000K1000K1000K-1000K-1000K
Other Financing
117.92M-157.09M130.31M-215.98M757.37M173.85M-445.61M291.4M-1.3B
Net Change in Cash
-223.93M▲ 0%
-8.68M▲ 96.1%
28.14M▲ 424.1%
401.43M▲ 1326.7%
-196.16M▼ 148.9%
46.33M▲ 123.6%
-41.71M▼ 190.0%
1.16B▲ 2880.2%
-1.29B▼ 211.0%
Exchange Rate Effect
17.36M21.5M5.62M19.96M-19.1M-10.24M10.5M-40.45M-323.63M
Cash at Beginning
342.86M118.93M110.25M138.38M539.81M343.65M389.99M348.27M2.74B
Cash at End
118.93M110.25M138.38M539.81M343.65M389.99M348.27M1.51B1.45B
Interest Paid
94.11M184.95M233.09M257.13M205.09M320.33M722.64M866.76M0
Income Taxes Paid
18.18M27.48M35.63M38.17M22.79M104.86M62.01M107.57M0
Free Cash Flow
-1.9B▲ 0%
-1.44B▲ 24.3%
-2.1B▼ 46.3%
-441.6M▲ 79.0%
-2.62B▼ 494.0%
-769.91M▲ 70.7%
-300.44M▲ 61.0%
2.7B▲ 998.6%
1.54B▼ 42.8%
FCF Growth %
-197.41%24.3%-46.28%78.97%-494.04%70.65%60.98%998.55%-42.79%

ARES Banking Ratios

Ares Management Corporation (ARES) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)
9.44%5.37%3.99%9.15%7.03%13.01%4.4%11.47%8.21%6.79%
Return on Assets (ROA)
2.2%1.06%0.61%1.34%1.12%2.22%0.77%2.03%1.87%1.96%
Net Interest Margin
0.58%0.55%0.99%0.88%1.06%0.71%0.51%0.62%-0.01%-0.33%
Efficiency Ratio
49.74%71.29%31.3%45.85%38.73%53.36%40.93%36.1%31.07%47.57%
Equity / Assets
23.62%17.05%13.73%15.47%16.29%17.66%17.26%18.09%27.42%30.01%
Book Value / Share
16.6117.8414.5215.516.5321.1821.6422.8534.4640.03
NII Growth
1.05%37.69%114.79%5.1%51.86%-4.75%-25.95%35.98%-101.23%-4988.88%
Dividend Payout
179.47%343.48%274.55%217.4%293.66%145.17%499.2%217.29%282.68%-
Related:ARES Dividend History·ARES Revenue History·ARES Price History·ARES P/E History·ARES Financial Ratios·ARES Institutional Holders

ARES SEC Filings & Documents

Ares Management Corporation (ARES) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 31, 2026·SEC

Material company update

Mar 31, 2026·SEC

Material company update

Feb 5, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 12, 2025·SEC

ARES Frequently Asked Questions

Ares Management Corporation (ARES) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Ares Management Corporation (ARES) grew revenue by 66.6% over the past year. This is strong growth.

Yes, Ares Management Corporation (ARES) is profitable, generating $527.4M in net income for fiscal year 2025 (8.2% net margin).

Dividend & Returns

Yes, Ares Management Corporation (ARES) pays a dividend with a yield of 6.25%. This makes it attractive for income-focused investors.

Ares Management Corporation (ARES) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.

Industry Metrics

Ares Management Corporation (ARES) has a net interest margin (NIM) of -0.3%. NIM has been under pressure due to interest rate environment.

Ares Management Corporation (ARES) has an efficiency ratio of 47.6%. This is excellent, indicating strong cost control.

What if you invested $1,000 in ARES back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

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How much would $100/month in ARES be worth today?

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