Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
127.03
+2.91 (2.34%)
Jul 31, 2026, 3:20 PM EDT - Market open
Ares Management Income Statement
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 |
Transaction-Based Revenues | 5,970 | 5,553 | 3,839 | 3,595 | 3,043 | 4,113 |
Other Revenues | 17.95 | 48.15 | 45.42 | 36.52 | 12.28 | 99.43 |
| 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% |
Cost of Revenue | 3,843 | 3,660 | 2,181 | 2,094 | 2,017 | 2,903 |
Gross Profit | 2,144 | 1,942 | 1,703 | 1,538 | 1,038 | 1,309 |
Selling, General & Admin | 1,032 | 996.08 | 736.5 | 660.15 | 695.26 | 444.18 |
Other Operating Expenses | 30.01 | 52.71 | 20.88 | 43.49 | 36.41 | 62.49 |
Operating Income | 1,082 | 892.72 | 946.09 | 834.03 | 306.36 | 802.01 |
Interest Income | 453.52 | 622.72 | 976.4 | 1,015 | 257.95 | 447.68 |
Interest Expense | -735.03 | -767.46 | -978.3 | -860.88 | -71.36 | -294.81 |
Other Non-Operating Income (Expense) | 756.99 | 538.91 | 331.16 | 345.09 | 17.85 | 110.81 |
Total Non-Operating Income (Expense) | 475.49 | 394.18 | 329.26 | 499.04 | 204.45 | 263.68 |
Pretax Income | 1,558 | 1,287 | 1,275 | 1,333 | 510.81 | 1,066 |
Provision for Income Taxes | 252.89 | 198.54 | 164.62 | 172.97 | 71.89 | 147.39 |
Net Income | 1,305 | 1,088 | 1,111 | 1,160 | 438.92 | 918.31 |
Minority Interest in Earnings | 668.54 | 561 | 646.99 | 685.77 | 271.37 | 509.47 |
Net Income Attributable to Preferred Dividends | 101.25 | 101.25 | 22.78 | - | - | 22.09 |
Net Income to Common | 535.1 | 426.11 | 440.96 | 474.33 | 167.54 | 386.75 |
Net Income Growth | 31.60% | -3.37% | -7.03% | 183.11% | -56.68% | 196.49% |
Shares Outstanding (Basic) | 223 | 217 | 198 | 185 | 176 | 164 |
Shares Outstanding (Diluted) | 223 | 217 | 198 | 196 | 176 | 180 |
Shares Change | 5.60% | 9.75% | 1.17% | 11.54% | -2.56% | 20.47% |
EPS (Basic) | 2.18 | 1.71 | 2.04 | 2.44 | 0.87 | 2.24 |
EPS (Diluted) | 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% |
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 |
Free Cash Flow | - | 3,195 | 2,700 | -300.44 | -769.91 | -2,623 |
Free Cash Flow Growth | - | 18.34% | - | - | - | - |
Free Cash Flow Per Share | - | 14.70 | 13.63 | -1.53 | -4.39 | -14.56 |
Dividends Per Share | 2.240 | 4.480 | 3.720 | 3.080 | 2.440 | 1.880 |
Dividend Growth | -45.37% | 20.43% | 20.78% | 26.23% | 29.79% | 17.50% |
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% |
Profit Margin | 21.79% | 19.43% | 28.59% | 31.94% | 14.37% | 21.80% |
FCF Margin | - | 57.03% | 69.49% | -8.27% | -25.20% | -62.28% |
EBITDA | 1,082 | 1,136 | 1,105 | 1,066 | 647.7 | 915.3 |
EBITDA Margin | 18.08% | 20.28% | 28.44% | 29.34% | 21.20% | 21.73% |
EBIT | 1,082 | 892.72 | 946.09 | 834.03 | 306.36 | 802.01 |
EBIT Margin | 18.08% | 15.94% | 24.35% | 22.96% | 10.03% | 19.04% |
Effective Tax Rate | 16.23% | 15.43% | 12.91% | 12.98% | 14.07% | 13.83% |