Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
128.09
+3.97 (3.20%)
At close: Jul 31, 2026, 4:00 PM EDT
127.41
-0.68 (-0.53%)
After-hours: Jul 31, 2026, 7:34 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 | 5,988 | 5,601 | 3,885 | 3,632 | 3,055 | 4,212 |
Revenue Growth | 24.03% | 44.19% | 6.96% | 18.87% | -27.46% | 138.77% |
Gross Profit Gross Profit Growth | 2,144 | 1,942 | 1,703 | 1,538 | 1,038 | 1,309 |
Operating Income Operating Income Growth | 1,082 | 892.72 | 946.09 | 834.03 | 306.36 | 802.01 |
Net Income Net Income Growth | 535.1 | 426.11 | 440.96 | 474.33 | 167.54 | 386.75 |
Earnings Per Share EPS Growth | 2.18 | 1.71 | 2.04 | 2.42 | 0.87 | 2.15 |
EPS Growth | 26.01% | -16.18% | -15.70% | 178.16% | -59.54% | 147.13% |
| Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Period Ending | 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 |
Private Equity Group Private Equity Group Growth | 183.4 | 182.12 | 194.13 | 169.82 | 354.63 |
Secondaries Group Secondaries Group Growth | 338.34 | 226.7 | 193.21 | 181.09 | 98.02 |
Other Other Growth | 62.49 | 43.75 | 27.46 | 11.95 | 8.36 |
Credit Group Credit Group Growth | 3,176 | 2,749 | 2,381 | 1,833 | 1,450 |
Real Assets Group Real Assets Group Growth | 994.94 | 489.55 | 440.46 | 684.51 | 377.91 |
Unconsolidated Performance (Income) Loss-Unrealized Unconsolidated Performance (Income) Loss-Unrealized Growth | 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 | -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 | -33.87 | -28.14 | -13.67 | -11.53 | -5.46 |
Administrative, Transaction and Other Fees of Consolidated Funds Eliminated in Consolidation Administrative, Transaction and Other Fees of Consolidated Funds Eliminated in Consolidation Growth | -9.67 | -0.53 | -7.17 | -17.01 | -4.48 |
Unallocated Administrative Fees Unallocated Administrative Fees Growth | 93.61 | 70.36 | 63.14 | 69.41 | 49.22 |
Unallocated Operations Management Group Unallocated Operations Management Group Growth | 27.6 | 20.36 | 23.69 | 24.53 | 8.48 |
Unallocated Principal Investment Income, Net of Eliminations Unallocated Principal Investment Income, Net of Eliminations Growth | 48.15 | 45.42 | 36.52 | 12.28 | 99.43 |
Unallocated (Income) Loss before Taxes of Non-Controlling Interests in Consolidated Subsidiaries Unallocated (Income) Loss before Taxes of Non-Controlling Interests in Consolidated Subsidiaries Growth | 2.28 | 23.69 | 35.92 | 37.1 | 28.99 |
Total Total Growth | 5,601 | 3,885 | 3,632 | 3,056 | 4,212 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 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 | 1,438 | 1,448 | 2,735 | 1,498 | 1,115 | 1,393 |
Total Debt Total Debt Growth | 14,148 | 14,222 | 13,148 | 15,756 | 13,334 | 12,494 |
Net Cash (Debt) Net Cash Growth | -12,710 | -12,774 | -10,413 | -14,258 | -12,220 | -11,101 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -57.51 | -58.77 | -52.57 | -72.83 | -69.62 | -61.64 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 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 | 1,679 | 3,267 | 2,791 | -233.26 | -734.11 | -2,596 |
Capital Expenditures CapEx Growth | -65.85 | -72.18 | -91.51 | -67.18 | -35.8 | -27.23 |
Free Cash Flow Free Cash Flow Growth | 1,613 | 3,195 | 2,700 | -300.44 | -769.91 | -2,623 |
Free Cash Flow Growth | -59.54% | 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 |
Gross Margin | 35.82% | 34.66% | 43.85% | 42.34% | 33.97% | 31.07% |
Operating Margin | 18.08% | 15.94% | 24.35% | 22.96% | 10.03% | 19.04% |
Pretax Margin | 26.02% | 22.97% | 32.83% | 36.70% | 16.72% | 25.30% |
Profit Margin | 21.79% | 19.43% | 28.59% | 31.94% | 14.37% | 21.80% |
FCF Margin | 0.00% | 57.03% | 69.49% | -8.27% | -25.20% | -62.28% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 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 | 4.22% | 5.00% | 3.74% | 4.70% | 7.80% | 4.46% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 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 | 58.63 | 94.52 | 86.78 | 49.14 | 78.67 | 37.80 |
Forward PE | 19.89 | 26.71 | 35.79 | 27.68 | 17.97 | 26.90 |
P/FCF Ratio | 26.19 | 11.23 | 13.34 | - | - | - |
PS Ratio | 7.06 | 6.40 | 9.27 | 6.24 | 3.97 | 3.32 |