Ares Management Corporation (ARES)

NYSE: ARES · Real-Time Price · USD

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149.67

-2.02 (-1.33%)

At close: Jan 30, 2026, 4:00 PM EST

150.00

+0.33 (0.22%)

After-hours: Jan 30, 2026, 7:07 PM EST

Ares Management Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	5,304	3,839	3,595	3,043	4,113	1,735
Other Revenue	51.81	45.42	36.52	12.28	99.43	28.55
Revenue	5,356	3,885	3,632	3,055	4,212	1,764
Revenue Growth (YoY)	45.54%	6.96%	18.87%	-27.46%	138.77%	-0.08%
Cost of Revenue	3,364	2,143	2,087	1,811	2,837	1,171
Gross Profit	1,992	1,742	1,545	1,244	1,376	592.68
Selling, General & Admin	886.14	748.48	624.94	550.07	506.66	279.12
Operating Expenses	886.14	748.48	624.94	550.07	506.66	279.12
Operating Income	1,105	993.14	920.06	694.21	868.9	313.56
Interest Expense	-827.92	-978.3	-860.88	-482.72	-294.81	-311.22
Interest & Investment Income	715.99	976.4	1,015	595.93	447.68	471.72
Currency Exchange Gain (Loss)	-0.6	-0.6	-9.1	-13.5	-4.8	13.1
Other Non Operating Income (Expenses)	1.5	1.23	13.92	26.62	19.2	-1.81
EBT Excluding Unusual Items	994.37	991.87	1,079	820.54	1,036	485.35
Merger & Restructuring Charges	-35.3	-	-	-	-	-
Gain (Loss) on Sale of Investments	721.78	330.53	340.27	78.12	96.41	-105.87
Asset Writedown	-8.9	-8.9	-78.7	-181.6	-	-
Other Unusual Items	-191.83	-38.15	-7.33	-206.25	-66.89	-
Pretax Income	1,480	1,275	1,333	510.81	1,066	379.48
Income Tax Expense	240.24	164.62	172.97	71.89	147.39	54.99
Earnings From Continuing Operations	1,240	1,111	1,160	438.92	918.31	324.49
Minority Interest in Earnings	-589.45	-646.99	-685.77	-271.37	-509.47	-172.34
Net Income	650.43	463.74	474.33	167.54	408.84	152.14
Preferred Dividends & Other Adjustments	138.61	53.55	21.3	14.1	40.21	32.15
Net Income to Common	511.83	410.2	453.02	153.45	368.62	119.99
Net Income Growth	41.28%	-2.23%	183.11%	-59.02%	168.72%	2.19%
Shares Outstanding (Basic)	213	198	185	176	164	135
Shares Outstanding (Diluted)	213	198	196	176	180	150
Shares Change (YoY)	3.21%	1.17%	11.54%	-2.56%	20.47%	24.72%
EPS (Basic)	2.41	2.07	2.46	0.87	2.25	0.89
EPS (Diluted)	2.38	2.07	2.42	0.87	2.15	0.87
EPS Growth	9.11%	-14.52%	177.12%	-59.28%	146.11%	-17.77%
Free Cash Flow	4,493	2,700	-300.44	-769.91	-2,623	-441.6
Free Cash Flow Per Share	21.12	13.63	-1.53	-4.39	-14.56	-2.95
Dividend Per Share	4.290	3.720	3.080	2.440	1.880	1.600
Dividend Growth	20.51%	20.78%	26.23%	29.79%	17.50%	25.00%
Gross Margin	37.19%	44.83%	42.54%	40.72%	32.66%	33.60%
Operating Margin	20.64%	25.56%	25.33%	22.72%	20.63%	17.77%
Profit Margin	9.56%	10.56%	12.47%	5.02%	8.75%	6.80%
Free Cash Flow Margin	83.89%	69.49%	-8.27%	-25.20%	-62.28%	-25.03%
EBITDA	1,322	1,152	1,152	1,036	982.19	354.81
EBITDA Margin	24.69%	29.65%	31.71%	33.89%	23.32%	20.11%
D&A For EBITDA	217.04	158.58	231.71	341.34	113.29	41.25
EBIT	1,105	993.14	920.06	694.21	868.9	313.56
EBIT Margin	20.64%	25.56%	25.33%	22.72%	20.63%	17.77%
Effective Tax Rate	16.23%	12.91%	12.97%	14.07%	13.83%	14.49%
Revenue as Reported	5,356	3,885	3,632	3,055	4,212	1,764

Updated Nov 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q