Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
139.14
-0.44 (-0.32%)
Nov 10, 2026, 10:38 AM EST - 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 | Sep '26 Sep 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 | 1,762 | 1,448 | 2,735 | 1,498 | 1,115 | 1,393 |
Accounts Receivable | 1,193 | 1,046 | 839.62 | 707.48 | 580.36 | 653.38 |
Other Receivables | 141.73 | 402.78 | 423.64 | 388.68 | 372.24 | 417.66 |
Property, Plant & Equipment | 657.36 | 745.18 | 688.99 | 371.55 | 235.63 | 239.92 |
Goodwill | 3,465 | 3,454 | 1,163 | 1,124 | 999.66 | 787.97 |
Other Intangible Assets | 2,046 | 2,116 | 975.83 | 1,058 | 1,208 | 1,423 |
Investments in Debt & Equity Securities | 14,428 | 13,117 | 12,333 | 14,291 | 12,345 | 11,870 |
Other Current Assets | 422.54 | 451.78 | 247.54 | 177.02 | 132.18 | 86.89 |
Long-Term Deferred Tax Assets | 433 | 352.29 | 241.89 | 21.55 | 68.93 | 39.4 |
Other Long-Term Assets | 5,731 | 5,500 | 5,236 | 5,093 | 4,946 | 4,694 |
Total Assets | 30,287 | 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 | Sep '26 Sep 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 | 1,613 | 687.07 | 988.47 | 894.1 | 695.15 | 1,479 |
Accrued Expenses | 4,051 | 3,623 | 2,867 | 2,827 | 2,904 | 2,521 |
Short-Term Debt | - | 7.58 | 4.95 | 13.43 | 19.25 | 92.76 |
Current Portion of Long-Term Debt | - | 1,380 | - | 264.67 | 77.5 | - |
Current Portion of Leases | 17.86 | 72.62 | - | - | - | - |
Other Current Liabilities | 165 | 7.8 | 29.3 | 7.8 | 9.2 | 45.9 |
Long-Term Debt | 14,031 | 12,172 | 12,506 | 15,172 | 13,066 | 12,218 |
Long-Term Leases | 827.44 | 597.38 | 641.86 | 319.57 | 190.62 | 206.01 |
Long-Term Unearned Revenue | 22.03 | 10.2 | 5.77 | 9.59 | 8.7 | 10.16 |
Long-Term Deferred Tax Liabilities | 22.9 | 14.97 | 8.41 | - | - | - |
Other Long-Term Liabilities | 638.58 | 1,359 | 433.57 | 200.85 | 126.8 | 121.9 |
Total Liabilities | 21,388 | 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 | Sep '26 Sep 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 | 4,470 | 4,243 | 2,937 | 2,391 | 1,971 | 1,914 |
Retained Earnings | -2,119 | -1,452 | -837.29 | -495.08 | -369.48 | -89.38 |
Comprehensive Income & Other | 15.66 | 21.74 | -17.76 | -5.63 | -14.99 | -1.86 |
Total Common Equity | 2,370 | 2,815 | 2,085 | 1,893 | 1,589 | 1,825 |
Minority Interest | 5,068 | 4,426 | 3,855 | 3,128 | 3,316 | 3,085 |
Shareholders' Equity | 8,899 | 8,701 | 7,398 | 5,021 | 4,905 | 4,910 |
Total Liabilities & Equity | 30,287 | 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 | Sep '26 Sep 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 | 14,876 | 14,230 | 13,153 | 15,769 | 13,353 | 12,516 |
Net Cash (Debt) | -13,114 | -12,782 | -10,417 | -14,272 | -12,239 | -11,124 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -58.34 | -58.80 | -52.60 | -72.90 | -69.73 | -61.76 |
Filing Date Shares Outstanding | 227.63 | 224.39 | 207.6 | 193.37 | 179.51 | 174.65 |
Total Common Shares Outstanding | 227.6 | 221.96 | 203.36 | 190.56 | 177.38 | 171.84 |
Working Capital | -2,327 | -2,429 | 356.05 | -1,236 | -1,506 | -1,588 |
Book Value Per Share | 10.42 | 12.68 | 10.25 | 9.94 | 8.96 | 10.62 |
Tangible Book Value | -3,140 | -2,755 | -53.59 | -289.07 | -618.64 | -385.56 |
Tangible Book Value Per Share | -13.80 | -12.41 | -0.26 | -1.52 | -3.49 | -2.24 |