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 Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
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 |
Cash & Equivalents | 1,438 | 1,448 | 2,735 | 1,498 | 1,115 | 1,393 |
Cash & Short-Term Investments | 1,438 | 1,448 | 2,735 | 1,498 | 1,115 | 1,393 |
Cash Growth | -20.23% | -47.07% | 82.63% | 34.38% | -19.98% | 31.13% |
Accounts Receivable | 95.08 | 228.44 | 202.78 | 146.85 | 124.05 | 281.13 |
Other Receivables | 1,348 | 1,420 | 1,057 | 896.75 | 774.26 | 677.62 |
Total Current Assets | 2,881 | 3,097 | 3,995 | 2,541 | 2,013 | 2,352 |
Net Property, Plant & Equipment | 564.57 | 517.35 | 511.32 | 249.33 | 155.95 | 167.65 |
Other Intangible Assets | 2,142 | 2,116 | 975.83 | 1,058 | 1,208 | 1,423 |
Goodwill | 3,463 | 3,454 | 1,163 | 1,124 | 999.66 | 787.97 |
Long-Term Investments | 18,229 | 18,353 | 17,383 | 19,227 | 17,179 | 16,501 |
Other Long-Term Assets | 1,116 | 1,096 | 857.05 | 530.8 | 446.71 | 374.19 |
Total Assets | 28,395 | 28,633 | 24,884 | 24,731 | 22,003 | 21,605 |
Liabilities
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 |
Accounts Payable | 1,626 | 1,475 | 1,019 | 907.52 | 714.4 | 1,501 |
Accrued Expenses | 3,441 | 3,424 | 2,818 | 2,802 | 2,792 | 2,501 |
Other Current Liabilities | 796.8 | 810.41 | 500.48 | 243.81 | 256.84 | 198.55 |
Total Current Liabilities | 5,864 | 5,710 | 4,338 | 3,953 | 3,764 | 4,201 |
Long-Term Debt | 13,418 | 13,552 | 12,506 | 15,436 | 13,144 | 12,289 |
Long-Term Leases | 730.13 | 670 | 641.86 | 319.57 | 190.62 | 205.08 |
Total Long-Term Liabilities | 14,148 | 14,222 | 13,148 | 15,756 | 13,334 | 12,494 |
Total Liabilities | 20,012 | 19,932 | 17,486 | 19,709 | 17,098 | 16,695 |
Shareholders' Equity
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 |
Preferred Stock | 1,460 | 1,460 | 1,459 | - | - | - |
Common Stock | 3.3 | 3.27 | 3.13 | 3.08 | 2.95 | 2.91 |
Additional Paid-in Capital | 4,205 | 4,243 | 2,937 | 2,391 | 1,971 | 1,914 |
Accumulated Other Comprehensive Income | 13.99 | 21.74 | -17.76 | -5.63 | -14.99 | -1.86 |
Retained Earnings | -1,657 | -1,452 | -837.29 | -495.08 | -369.48 | -89.38 |
Total Common Shareholders' Equity | 4,025 | 4,275 | 3,544 | 1,893 | 1,589 | 1,825 |
Minority Interest | 4,358 | 4,426 | 3,855 | 3,128 | 2,181 | 3,085 |
Shareholders' Equity | 8,383 | 8,701 | 7,398 | 5,021 | 3,770 | 4,910 |
Total Liabilities & Equity | 28,395 | 28,633 | 24,884 | 24,731 | 22,003 | 21,605 |
Additional Metrics
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 |
Total Debt | 14,148 | 14,222 | 13,148 | 15,756 | 13,334 | 12,494 |
Net Cash (Debt) | -12,710 | -12,774 | -10,413 | -14,258 | -12,220 | -11,101 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -57.51 | -58.77 | -52.57 | -72.83 | -69.62 | -61.64 |
Book Value | 4,025 | 4,275 | 3,544 | 1,893 | 1,589 | 1,825 |
Book Value Per Share | 18.22 | 19.67 | 17.89 | 9.67 | 9.05 | 10.13 |
Tangible Book Value | -1,580 | -1,294 | 1,405 | -289.07 | -618.64 | -385.56 |
Tangible Book Value Per Share | -7.15 | -5.96 | 7.09 | -1.48 | -3.52 | -2.14 |