Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
116.17
-2.80 (-2.35%)
At close: Sep 30, 2026, 4:00 PM EDT
116.45
+0.28 (0.24%)
After-hours: Sep 30, 2026, 7:55 PM EDT
Ares Management Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Revenue Revenue Growth | 5,253 | 4,834 | 2,906 | 2,771 | 2,573 | 3,917 |
Revenue Growth | 32.25% | 66.32% | 4.89% | 7.71% | -34.32% | 169.63% |
Operating Income Operating Income Growth | 443.2 | 265.76 | 39.34 | -19.52 | 29.89 | 574.09 |
Net Income Net Income Growth | 487.43 | 383.54 | 410.2 | 453.02 | 153.45 | 368.62 |
Earnings Per Share EPS Growth | 2.17 | 1.71 | 2.04 | 2.42 | 0.87 | 2.15 |
EPS Growth | 25.45% | -16.18% | -15.80% | 178.49% | -59.48% | 146.11% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Credit Group Credit Group Growth | 3,562 | 3,156 | 2,717 | 2,360 | 1,814 | 1,442 |
Real Assets Group Real Assets Group Growth | 962.68 | 902.15 | 459.79 | 417.02 | 673.16 | 371.52 |
Secondaries Group Secondaries Group Growth | 375.98 | 330.34 | 197.56 | 166.09 | 175.43 | 97.18 |
Private Equity Group Private Equity Group Growth | 178.07 | 167.84 | 163.22 | 179.8 | 156.34 | 346.7 |
Other Other Growth | 29.64 | 27.59 | 10.61 | 6.87 | -9.84 | -4.61 |
Unallocated Operations Management Group (OMG) Unallocated Operations Management Group (OMG) Growth | 32.88 | 27.24 | 19.66 | 23.53 | 23.67 | 7.94 |
Unallocated Performance Income (Loss)-Unrealized Unallocated Performance Income (Loss)-Unrealized Growth | 614.37 | 762.53 | 109.53 | 305.37 | 107.15 | 1,744 |
Unallocated Management Fees of Consolidated Funds Eliminated in Consolidation Unallocated Management Fees of Consolidated Funds Eliminated in Consolidation Growth | -69.05 | -44.77 | -46.6 | -48.2 | -46.32 | -44.9 |
Unallocated Performance Income of Consolidated Funds Eliminated In Consolidation Unallocated Performance Income of Consolidated Funds Eliminated In Consolidation Growth | -50.83 | -33.87 | -28.14 | -13.67 | -11.53 | -5.46 |
Unallocated Administrative, Transaction and Other Fees of Consolidated Funds Eliminated In Consolidation Unallocated Administrative, Transaction and Other Fees of Consolidated Funds Eliminated In Consolidation Growth | -5.45 | -9.67 | -0.53 | -7.17 | -17.01 | -4.48 |
Unallocated Administrative Fees and Other Income Unallocated Administrative Fees and Other Income Growth | 102.46 | 93.61 | 70.36 | 63.14 | 69.41 | 49.22 |
Unallocated Principal Investment Income, Net of Eliminations Unallocated Principal Investment Income, Net of Eliminations Growth | 17.95 | 48.15 | 45.42 | 36.52 | 12.28 | 99.43 |
Unallocated Income before Taxes of Non-Controlling Interests in Consolidated Subsidiaries Unallocated Income before Taxes of Non-Controlling Interests in Consolidated Subsidiaries Growth | 42.14 | 2.28 | 23.69 | 35.92 | 37.1 | 28.99 |
Total Total Growth | 5,793 | 5,430 | 3,742 | 3,526 | 2,984 | 4,175 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Cash & Investments Cash & Investments Growth | 1,852 | 1,448 | 2,735 | 1,498 | 1,115 | 1,393 |
Total Debt Total Debt Growth | 14,873 | 14,230 | 13,153 | 15,769 | 13,353 | 12,516 |
Net Cash (Debt) Net Cash Growth | -13,020 | -12,782 | -10,417 | -14,272 | -12,239 | -11,124 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -58.42 | -58.80 | -52.60 | -72.90 | -69.73 | -61.76 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Operating Cash Flow Operating Cash Flow Growth | 912.13 | 3,267 | 2,791 | -233.26 | -734.11 | -2,596 |
Capital Expenditures CapEx Growth | -75.98 | -72.18 | -91.51 | -67.18 | -35.8 | -27.23 |
Free Cash Flow Free Cash Flow Growth | 836.15 | 3,195 | 2,700 | -300.44 | -769.91 | -2,623 |
Free Cash Flow Growth | -78.98% | 18.34% | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Operating Margin | 8.44% | 5.50% | 1.35% | -0.70% | 1.16% | 14.66% |
Pretax Margin | 29.62% | 26.59% | 43.88% | 48.10% | 19.89% | 27.24% |
Profit Margin | 9.28% | 7.93% | 14.11% | 16.35% | 5.96% | 9.41% |
FCF Margin | 15.92% | 66.09% | 92.88% | -10.84% | -29.93% | -66.97% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Oct '26 Oct 1, 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 |
Dividend Per Share Dividend Per Share Growth | 5.400 | 4.480 | 3.720 | 3.080 | 2.440 | 1.880 |
Dividend Per Share Growth | 20.51% | 20.43% | 20.78% | 26.23% | 29.79% | 17.50% |
Dividend Yield | 4.65% | 2.87% | 2.23% | 2.82% | 4.02% | 2.70% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Oct '26 Oct 1, 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 |
PE Ratio | 53.63 | 92.86 | 87.13 | 49.63 | 78.91 | 37.72 |
Forward PE | 18.11 | 26.71 | 35.79 | 27.68 | 17.97 | 26.90 |
P/FCF Ratio | 45.89 | 11.15 | 13.24 | - | - | - |
PS Ratio | 7.30 | 7.37 | 12.30 | 8.11 | 4.71 | 3.55 |