Ares Capital Corporation

Ares Capital Corporation

19.13
USD
-0.22
(-1.14%)
1.22EPS
15.67P/E
13.79BMarket Cap
Feb 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.03
2.21
1.52
1.82
1.76
2.06
1.93
1.28
3.76
1.49
2.97
2.75
2.15
1.5
Basic EPS, GAAP
1.83
1.94
1.21
1.51
1.57
2.01
1.86
1.14
3.51
1.2
2.75
2.44
1.86
1.22
Free Cash Flow per Basic Share
-4.86
-2.16
1.15
2.25
-4.82
0.71
-2.89
-1.37
-5.51
-2.73
0.92
-3.41
-2.46
1.59
Dividend per Share
1.54
1.52
1.55
1.52
1.51
1.54
1.63
1.6
1.56
1.83
1.86
1.83
1.81
1.89
Book Value per Share
16.46
16.82
16.46
16.45
16.65
17.14
17.32
16.97
18.95
18.41
19.24
19.87
19.94
19.32
Tangible Book Value per Share
16.46
16.82
16.46
16.45
16.65
17.14
17.32
16.97
18.95
18.41
19.24
19.87
19.94
19.32
Basic Weighted Avg Shares
267
305
314
314
425
426
427
424
446
498
554
624
699
718
Sales/Revenue/Turnover
541
676
478
570
749
879
824
541
1,678
741
1,648
1,713
1,506
1,079
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
1
1
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
489
591
379
474
667
858
793
484
1,567
600
1,522
1,522
1,299
875
Effective Tax Rate (%)
2.81
2.96
4.53
4.24
2.77
2.17
1.98
3.78
1.82
8.4
5.23
4.88
7.08
8.95
Profit Margin (%)
90.24
87.43
79.29
83.16
89.05
97.61
96.24
89.46
93.38
80.97
92.35
88.85
86.25
81.09
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,986
3,924
4,114
3,874
4,854
5,247
7,092
8,573
11,137
12,320
11,918
13,759
15,991
15,124
Total Equity
4,904
5,284
5,173
5,165
7,098
7,300
7,467
7,176
8,868
9,555
11,201
13,355
14,318
13,946
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
6.94
6.91
4.1
5.17
6.36
7
5.85
3.19
8.77
2.87
6.77
6.06
4.52
2.97
Return on Common Equity (%)
10.99
11.6
7.25
9.17
10.88
11.92
10.74
6.61
19.53
6.51
14.67
12.4
9.39
6.19

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
718
718
722
Market Capitalization
12,939
13,305
13,790

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
505
383
722
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.35%
15%
7.21%
Free Cash Flow
-136.15%
-78.82%
-19.31%
Net Income, GAAP
- -
- -
-14.65%
Sales/Revenue/Turnover
29.6%
53.72%
-12.08%
Total Cash Common Dividend
10.65%
13.62%
10.97%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
495
372
436
393
1,713
2025
296
407
460
344
1,506
2026
151
219
365
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.76
0.52
0.62
0.55
2.44
2025
0.36
0.52
0.57
0.41
1.86
2026
0.13
0.24
0.44
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.46
0.45
0.45
0.46
1.83
2025
0.46
0.46
0.45
0.45
1.81
2026
0.48
0.48
0.48
- -
- -

Company Description

CEO
Kort Schnabel
Full Time Employees
4,250
Sector
Finance
Industry
Financial conglomerates
Address
2000 Avenue of the Stars New York CA United States 90067-4733
IPO Date
Oct 5, 2005
Business
Ares Capital Corporation (NASDAQ: ARCC) is a leading business development company and one of the largest direct lenders in the U.S., specializing in providing financing solutions to private middle-market companies across diverse industries including software and services, health care services, commercial and professional services, insurance services, consumer services, energy, food and beverage, and project finance such as power generation and energy efficiency; its core investment products encompass first lien senior secured loans including unitranche structures, second lien senior secured loans, subordinated debt often with equity components, non-control preferred and common equity, revolvers, private high yield, and junior capital, with transaction types focused on leveraged buyouts, acquisitions, recapitalizations, growth capital, general refinancing, rescue financing, restructurings, and project finance. Founded in 2004 and headquartered in New York, the company operates primarily in the U.S. with a dynamic global platform leveraging origination capabilities from its external manager, a subsidiary of Ares Management Corporation (NYSE: ARES), targeting companies with EBITDA between $10 million and $250+ million and investment commitments typically ranging from $30 million to $500+ million. As of September 30, 2025, its portfolio fair value stands at approximately $28.7 billion across hundreds of companies. Recent developments include substantial new investment commitments totaling $3.8 billion in Q4 2024 with 88% in first lien senior secured loans across 77 portfolio companies, expansion of liquidity through a $750 million unsecured notes issuance and amendments increasing the A&R Credit Facility to $5.5 billion, a $544 million term debt securitization, and ongoing leadership stability following a CEO transition in 2025 with Kort Schnabel succeeding Kipp deVeer.

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