Ares Capital Corporation (ARCC) Earnings History
Annual and quarterly earnings data from 2004 to 2025
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ARCC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ARCC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 75.7% | 69.7% | 41.3% |
| 2024 | 72.2% | 67.4% | 64.3% |
| 2023 | 75.5% | 71.2% | 70.3% |
| 2022 | 62.0% | 54.8% | 50.2% |
| 2021 | 81.9% | 77.9% | 76.4% |
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Ares Capital Corporation (ARCC) Earnings Overview
As of May 7, 2026, Ares Capital Corporation (ARCC) reported trailing twelve-month net income of $1.15B, reflecting -23.8% year-over-year growth. The company earned $1.60 per diluted share over the past four quarters, with a net profit margin of 41.3%.
Looking at the long-term picture, ARCC's 5-year EPS compound annual growth rate (CAGR) stands at +10.3%, showing solid earnings momentum. The company achieved its highest annual net income of $1.57B in fiscal 2021.
Ares Capital Corporation maintains industry-leading profitability with a gross margin of 75.7%, operating margin of 69.7%, and net margin of 41.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including GBDC ($205M net income, 43.2% margin), OBDC ($544M net income, 37.4% margin), TPVG ($46M net income, 50.6% margin), ARCC has room to improve margins relative to the peer group. Compare ARCC vs GBDC →
ARCC Earnings vs Peers
Earnings metrics vs comparable public companies
ARCC Historical Earnings Data (2004–2025)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.30B | -14.7% | $2.19B | $1.86 | 41.3% | 69.7% |
| 2024 | $1.52B | +0.0% | $1.59B | $2.44 | 64.3% | 67.4% |
| 2023 | $1.52B | +153.7% | $1.54B | $2.68 | 70.3% | 71.2% |
| 2022 | $600M | -61.7% | $655M | $1.19 | 50.2% | 54.8% |
| 2021 | $1.57B | +223.8% | $1.60B | $3.51 | 76.4% | 77.9% |
| 2020 | $484M | -39.0% | $503M | $1.14 | 56.4% | 58.6% |
| 2019 | $793M | -7.6% | $809M | $1.86 | 71.1% | 72.6% |
| 2018 | $858M | +28.6% | $877M | $2.01 | 76.7% | 78.4% |
| 2017 | $667M | +40.7% | $686M | $1.57 | 68.5% | 70.4% |
| 2016 | $474M | +25.1% | $495M | $1.51 | 64.3% | 67.2% |
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Start ComparisonARCC — Frequently Asked Questions
Quick answers to the most common questions about buying ARCC stock.
Is ARCC growing earnings?
ARCC EPS fell to $1.60, with earnings declining -23.8%. This contrasts with the 5-year CAGR of +10.3%. TTM net income dropped to $1.1B.
What are ARCC's profit margins?
Ares Capital Corporation net margin is +41.3%, with operating margin at +69.7%. Above-average margins indicate pricing power.
How consistent are ARCC's earnings?
ARCC earnings data spans 2004-2025. The declining earnings trend is -23.8% YoY. Historical data enables comparison across business cycles.