Ares Management Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Current	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Period Ending	Mar '26 Mar 17, 2026	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021
Market Cap	23,301	35,875	35,228	37,995	32,018	36,001	31,452	26,548	25,871	22,661	19,324	17,798	15,116	12,140	10,897	9,969	14,211	13,966	12,630	10,590
Market Cap Growth	-27.22%	-0.35%	12.00%	43.12%	23.76%	58.87%	62.76%	49.16%	71.15%	86.67%	77.34%	78.53%	6.37%	-13.07%	-13.73%	-5.87%	69.27%	101.67%	117.26%	97.11%
Enterprise Value	35,328	54,535	52,073	55,872	49,368	51,727	48,011	43,278	42,927	40,047	35,647	34,007	30,587	26,540	25,579	24,636	27,862	28,152	25,366	22,700
Last Close Price	103.84	161.63	159.89	173.20	146.61	177.03	155.84	133.28	132.98	118.92	102.87	96.35	83.44	68.44	61.95	56.86	81.23	81.27	73.83	63.59
PE Ratio	56.96	94.52	68.62	100.12	86.24	86.78	71.82	69.42	59.63	49.14	47.85	59.11	75.85	78.67	69.61	36.45	39.82	37.80	38.45	36.55
Forward PE	15.58	26.71	28.31	32.41	28.19	35.79	32.22	28.24	28.87	27.68	23.85	23.38	20.55	17.97	16.90	16.40	24.29	26.90	26.05	26.42
PEG Ratio	0.74	1.04	1.13	1.31	1.10	1.51	1.29	1.06	1.14	1.25	0.98	0.96	0.74	1.54	1.54	1.54	1.54	1.54	1.54	1.41
PS Ratio	4.03	6.40	6.58	7.87	7.50	9.27	8.55	8.24	7.34	6.24	5.50	4.88	4.79	3.97	3.18	2.79	3.33	3.32	3.55	3.42
PB Ratio	7.92	8.39	7.87	8.71	7.19	10.16	15.15	13.26	14.64	11.97	11.15	10.17	9.05	7.64	7.21	6.08	8.39	7.65	7.20	6.53
P/TBV Ratio	5.28	8.36	7.86	8.69	6.89	10.75	15.07	13.06	14.49	12.64	11.05	10.68	8.94	8.18	7.20	6.08	8.36	8.41	7.85	7.10
P/FCF Ratio	7.06	11.23	7.84	9.55	8.03	13.34	23.86	33.22	-82.09	-75.43	228.15	-90.87	-52.70	-15.77	-8.15	-4.67	-8.54	-5.32	-5.48	-7.79
P/OCF Ratio	6.90	10.98	7.73	9.36	7.86	12.90	22.10	29.48	-112.10	-97.15	141.79	-113.08	-60.30	-16.54	-8.41	-4.76	-8.71	-5.38	-5.54	-7.88
EV/Sales Ratio	6.31	9.74	9.72	11.57	11.57	13.32	13.05	13.43	12.17	11.03	10.14	9.33	9.70	8.69	7.46	6.89	6.53	6.68	7.13	7.32
EV/EBITDA Ratio	28.47	48.01	56.93	66.51	57.96	46.83	50.47	55.01	52.47	37.58	44.46	57.18	78.88	40.98	80.37	44.75	36.09	30.76	36.01	34.07
EV/EBIT Ratio	35.32	61.09	56.93	66.51	57.96	54.67	50.47	55.01	52.47	48.02	44.46	57.18	78.88	86.63	80.37	44.75	36.09	35.10	36.01	34.07
EV/FCF Ratio	11.06	17.07	11.59	14.05	12.38	19.16	36.42	54.16	-136.21	-133.29	420.87	-173.62	-106.63	-34.47	-19.14	-11.55	-16.75	-10.73	-11.01	-16.69
Debt / Equity Ratio	1.63	1.63	1.47	1.52	1.52	1.78	2.45	2.52	3.05	3.14	2.82	2.80	2.96	3.54	2.78	2.65	3.63	2.54	2.53	2.40
Debt / EBITDA Ratio	12.52	55.50	36.42	63.38	179.33	47.26	52.47	64.69	90.83	55.59	128.82	54.91	73.52	53.06	-130.93	259.92	122.76	47.47	86.58	39.64
Debt / FCF Ratio	4.45	-28.47	9.57	34.30	6.77	16.47	17.71	35.99	22.43	-27.02	48.13	-19.73	19.44	-67.37	865.02	-15.73	58.82	-16.35	-15.00	-32.19
Net Debt / Equity Ratio	2.99	2.99	2.51	2.74	2.59	2.94	6.14	6.48	7.80	7.53	7.51	7.40	7.52	7.69	7.69	7.04	7.00	6.08	5.62	5.72
Net Debt / EBITDA Ratio	11.25	49.85	32.13	56.17	155.12	37.42	46.41	57.89	81.68	50.30	117.97	50.65	67.96	48.63	-120.13	237.74	114.73	42.18	72.72	34.34
Net Debt / FCF Ratio	4.00	-25.57	8.45	30.40	5.86	13.04	15.66	32.20	20.17	-24.45	44.07	-18.20	17.97	-61.74	793.67	-14.39	54.97	-14.52	-12.60	-27.88
Asset Turnover	0.06	0.06	0.06	0.05	0.04	0.05	0.05	0.03	0.03	0.05	0.03	0.05	0.04	0.04	0.04	0.03	0.04	0.07	0.05	0.08
Quick Ratio	0.25	0.25	0.26	0.31	0.36	0.63	0.39	0.39	0.38	0.38	0.29	0.27	0.27	0.30	0.26	0.28	0.23	0.33	0.53	0.41
Current Ratio	0.54	0.54	0.53	0.58	0.61	0.92	0.64	0.64	0.65	0.64	0.50	0.48	0.55	0.53	0.45	0.48	0.44	0.56	0.72	0.59
Return on Equity (ROE)	2.47%	2.47%	7.45%	3.10%	1.79%	5.64%	5.14%	5.13%	4.24%	9.64%	4.10%	6.80%	5.13%	6.76%	-1.06%	1.16%	3.44%	7.11%	6.10%	8.40%
Return on Assets (ROA)	0.92%	0.92%	1.12%	0.65%	0.25%	0.98%	0.98%	0.82%	0.64%	1.06%	0.43%	1.00%	0.74%	0.99%	-0.38%	0.19%	0.48%	1.23%	0.68%	1.42%
Return on Invested Capital (ROIC)	1.21%	1.21%	1.46%	0.83%	0.32%	1.29%	1.26%	1.05%	0.82%	1.35%	0.55%	1.29%	0.93%	1.28%	-0.50%	0.26%	0.60%	1.58%	0.89%	1.84%
Return on Capital Employed (ROCE)	1.18%	1.18%	1.68%	1.00%	0.35%	1.35%	1.39%	1.14%	0.88%	1.45%	0.60%	1.40%	1.04%	1.41%	-0.58%	0.30%	0.65%	1.70%	0.92%	1.97%
Earnings Yield	2.08%	1.06%	1.46%	1.00%	1.16%	1.15%	1.39%	1.44%	1.68%	2.03%	2.09%	1.69%	1.32%	1.27%	1.44%	2.74%	2.51%	2.65%	2.60%	2.74%
FCF Yield	14.17%	8.91%	12.75%	10.47%	12.46%	7.50%	4.19%	3.01%	-1.22%	-1.33%	0.44%	-1.10%	-1.90%	-6.34%	-12.26%	-21.40%	-11.70%	-18.78%	-18.24%	-12.84%
Dividend Yield	5.20%	1.29%	1.21%	1.13%	1.45%	0.95%	1.08%	1.19%	1.25%	1.20%	1.30%	1.47%	1.68%	1.88%	1.86%	1.95%	1.50%	1.11%	1.21%	1.40%
Payout Ratio	266.93%	552.69%	76.69%	172.09%	644.80%	102.92%	142.28%	164.43%	219.13%	77.78%	403.71%	179.13%	267.58%	194.18%	-567.87%	489.49%	462.00%	62.43%	88.75%	54.91%
Buyback Yield / Dilution	-	0.00%	0.00%	-0.14%	-0.72%	-1.14%	-0.75%	-0.80%	-0.30%	-0.38%	-0.45%	-0.37%	-0.18%	-0.17%	-0.22%	-0.32%	-3.20%	-6.19%	-3.60%	-4.28%
Total Shareholder Return	-	1.29%	1.21%	0.99%	0.73%	-0.18%	0.32%	0.39%	0.95%	0.82%	0.85%	1.10%	1.51%	1.71%	1.63%	1.63%	-1.70%	-5.08%	-2.40%	-2.88%

Updated Feb 5, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q