Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
141.32
+1.09 (0.78%)
Aug 21, 2026, 3:43 PM EDT - Market open
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 | 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 & Equivalents | 1,852 | 1,448 | 2,735 | 1,498 | 1,115 | 1,393 |
Trading Asset Securities | - | - | - | - | - | 5.68 |
Cash & Short-Term Investments | 1,852 | 1,448 | 2,735 | 1,498 | 1,115 | 1,399 |
Cash Growth | 20.92% | -47.07% | 82.63% | 34.38% | -20.30% | 31.49% |
Accounts Receivable | 1,019 | 1,417 | 1,252 | 1,084 | 947.36 | 1,068 |
Other Receivables | - | 31.74 | 11.74 | 12.63 | 5.25 | 3.08 |
Receivables | 1,019 | 1,449 | 1,263 | 1,096 | 952.61 | 1,071 |
Other Current Assets | 471.68 | 470.01 | 251.28 | 178.15 | 136.35 | 86.89 |
Total Current Assets | 3,343 | 3,367 | 4,250 | 2,772 | 2,204 | 2,556 |
Property, Plant & Equipment | 633.39 | 745.18 | 688.99 | 371.55 | 235.63 | 239.92 |
Long-Term Investments | 18,940 | 18,353 | 17,383 | 19,227 | 17,179 | 16,501 |
Goodwill | 3,464 | 3,454 | 1,163 | 1,124 | 999.66 | 787.97 |
Other Intangible Assets | 2,095 | 2,116 | 975.83 | 1,058 | 1,208 | 1,423 |
Long-Term Deferred Tax Assets | 426 | 352.29 | 241.89 | 21.55 | 68.93 | 39.4 |
Long-Term Deferred Charges | 21.68 | 5.76 | 4.86 | 4.21 | 5.51 | 5.27 |
Other Long-Term Assets | 708.65 | 239.89 | 177.49 | 152.11 | 101.94 | 52.37 |
Total Assets | 29,631 | 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 | 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 |
Accounts Payable | 791.69 | 1,470 | 1,015 | 896.74 | 695.15 | 1,479 |
Accrued Expenses | 3,879 | 3,631 | 2,897 | 2,835 | 2,914 | 2,567 |
Current Portion of Long-Term Debt | - | 1,380 | - | 125.24 | 93.05 | - |
Current Portion of Leases | 38.69 | 72.62 | - | - | - | - |
Other Current Liabilities | 1,415 | 584.85 | 407.09 | 205.64 | 141.75 | 121.8 |
Total Current Liabilities | 6,148 | 7,138 | 4,319 | 4,063 | 3,844 | 4,168 |
Long-Term Debt | 14,060 | 12,172 | 12,506 | 15,311 | 13,051 | 12,289 |
Long-Term Leases | 773.91 | 597.38 | 641.86 | 319.57 | 190.62 | 206.01 |
Long-Term Unearned Revenue | 7.42 | 10.2 | 5.77 | 9.59 | 8.7 | 10.16 |
Other Long-Term Liabilities | 13.86 | 14.05 | 13.66 | 6 | 4.3 | 21.36 |
Total Liabilities | 21,003 | 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 | 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 |
Common Stock | 3.3 | 3.27 | 3.13 | 3.08 | 2.95 | 2.91 |
Additional Paid-In Capital | 4,346 | 4,243 | 2,937 | 2,391 | 1,971 | 1,914 |
Retained Earnings | -1,855 | -1,452 | -837.29 | -495.08 | -369.48 | -89.38 |
Comprehensive Income & Other | 13.12 | 21.74 | -17.76 | -5.63 | -14.99 | -1.86 |
Total Common Equity | 2,508 | 2,815 | 2,085 | 1,893 | 1,589 | 1,825 |
Minority Interest | 4,660 | 4,426 | 3,855 | 3,128 | 3,316 | 3,085 |
Shareholders' Equity | 8,628 | 8,701 | 7,398 | 5,021 | 4,905 | 4,910 |
Total Liabilities & Equity | 29,631 | 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 | 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 |
Total Debt | 14,873 | 14,222 | 13,148 | 15,756 | 13,334 | 12,495 |
Net Cash (Debt) | -13,020 | -12,774 | -10,413 | -14,258 | -12,220 | -11,097 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -58.42 | -58.77 | -52.57 | -72.83 | -69.62 | -61.61 |
Filing Date Shares Outstanding | 227.45 | 224.39 | 207.6 | 193.37 | 179.51 | 174.65 |
Total Common Shares Outstanding | 227.37 | 221.96 | 203.36 | 190.56 | 177.38 | 171.84 |
Working Capital | -2,806 | -3,771 | -68.53 | -1,291 | -1,640 | -1,612 |
Book Value Per Share | 11.03 | 12.68 | 10.25 | 9.94 | 8.96 | 10.62 |
Tangible Book Value | -3,051 | -2,755 | -53.59 | -289.07 | -618.64 | -385.56 |
Tangible Book Value Per Share | -13.42 | -12.41 | -0.26 | -1.52 | -3.49 | -2.24 |
Machinery | - | 81.87 | 62.92 | 52.68 | 41.55 | 31.96 |
Leasehold Improvements | - | 227.18 | 166.25 | 134.27 | 84.82 | 74.68 |