Ares Management Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 20, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	23,034	30,332	34,520	20,342	11,329	12,227
Market Cap Growth	-37.32%	-12.13%	69.70%	79.55%	-7.34%	121.02%
Enterprise Value	37,332	44,679	50,514	35,109	25,068	23,427
Last Close Price	109.22	142.88	166.09	102.57	58.95	63.13
PE Ratio	63.47	83.58	87.13	49.63	78.91	37.72
PS Ratio	4.83	6.36	9.20	6.19	3.96	3.30
PB Ratio	3.13	4.13	4.83	4.48	2.47	2.83
P/FCF Ratio	-	-	13.24	-	-	-
P/OCF Ratio	-	-	12.80	-	-	-
EV/Sales Ratio	7.85	9.37	13.46	10.69	8.77	6.33
EV/EBITDA Ratio	35.63	42.50	45.41	33.69	25.87	27.13
EV/EBIT Ratio	44.07	52.57	52.66	42.18	38.59	30.66
EV/FCF Ratio	-	-	19.37	-	-	-
Debt / Equity Ratio	1.47	1.47	1.78	3.14	2.72	2.55
Debt / EBITDA Ratio	10.31	10.31	10.79	13.12	12.37	12.25
Debt / FCF Ratio	-	-	4.87	-	-	-
Net Debt / Equity Ratio	1.30	1.30	1.41	2.84	2.49	2.26
Net Debt / EBITDA Ratio	9.10	9.10	9.04	12.38	11.80	11.30
Net Debt / FCF Ratio	-	-	3.86	-47.46	-15.87	-4.23
Asset Turnover	-	-	0.16	0.16	0.14	0.23
Quick Ratio	-	-	0.86	0.64	0.54	0.59
Current Ratio	-	-	0.91	0.68	0.57	0.61
Return on Equity (ROE)	13.58%	13.58%	17.89%	23.37%	8.94%	24.55%
Return on Assets (ROA)	-	-	2.50%	2.46%	1.99%	2.95%
Return on Invested Capital (ROIC)	4.25%	4.48%	4.66%	4.40%	3.60%	5.27%
Return on Capital Employed (ROCE)	-	-	4.90%	4.50%	3.80%	5.00%
Earnings Yield	1.58%	1.48%	1.30%	2.11%	1.38%	2.94%
FCF Yield	-	-	7.55%	-1.34%	-6.36%	-18.87%
Dividend Yield	3.57%	2.67%	2.16%	2.72%	3.87%	2.62%
Payout Ratio	-	-	168.88%	126.48%	267.18%	81.98%
Buyback Yield / Dilution	-9.75%	-9.75%	-1.17%	-11.54%	2.56%	-20.47%
Total Shareholder Return	-6.18%	-7.08%	1.00%	-8.83%	6.43%	-17.85%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.