Ares Management Corporation

Ares Management Corporation

ARES
Ares Management CorporationUS flagNew York Stock Exchange
126.87
USD
+1.22
- -
41.67BMarket Cap
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
6.34
7.51
10.09
15.53
18.08
9.98
16.36
13.06
25.73
17.41
19.68
19.61
25.77
26.74
Basic EPS, GAAP
10.78
0.44
0.24
1.23
0.67
0.37
1.18
0.97
2.43
0.95
2.57
2.23
1.96
2.36
Free Cash Flow per Basic Share
28.66
18.86
-6.68
-7.9
-23.17
-14.95
-19.46
-3.27
-16.02
-4.39
-1.63
13.63
14.7
7.3
Dividend per Share
5.57
4.11
2.7
2.64
3.46
3.48
3.2
3.47
3.69
4.77
5.59
6.62
8.08
8.3
Book Value per Share
- -
- -
- -
- -
3.41
-0.29
-0.46
-1.1
-0.53
-2.09
-2.67
-4.21
-6.67
-7.48
Tangible Book Value per Share
84.99
69.33
9.16
10.85
11.94
9.58
13.05
11.7
9.8
9.06
12.42
16.29
7.57
5.86
Basic Weighted Avg Shares
75
80
81
81
82
96
108
135
164
176
185
198
217
221
Sales/Revenue/Turnover
479
604
814
1,254
1,480
958
1,765
1,764
4,212
3,055
3,632
3,885
5,601
5,909
Operating Margin (%)
-67.53
-42.42
5.57
18.97
16.92
9.19
17.14
17.78
19.04
10.03
22.96
24.35
15.94
17.71
Depreciation Expense
50
36
55
37
33
29
39
41
113
341
232
159
243
- -
Net Income, GAAP
813
35
19
112
76
57
149
152
409
168
474
464
527
623
Effective Tax Rate (%)
6.79
2.02
23.4
3.7
- -
17.47
12.32
14.49
13.83
14.07
12.98
12.91
15.43
16.51
Profit Margin (%)
169.93
5.79
2.38
8.91
5.15
5.95
8.43
8.62
9.71
5.48
13.06
11.94
9.41
10.54
Working Capital
-176
820
404
774
-531
-731
-473
-6
-1,467
-1,222
-1,020
7,841
1,381
-146
LT Debt
13,016
13,317
2,563
3,337
5,585
7,160
8,460
10,781
12,366
13,166
15,631
12,873
11,970
11,915
Total Equity
6,541
5,698
968
1,377
1,460
1,394
1,859
2,472
3,814
3,799
4,474
6,824
8,676
8,359
Return on Invested Capital (%)
-1.41
-1.25
0.31
5.51
- -
0.91
2.77
2.25
4.66
1.57
3.89
4.1
3.52
3.96
Return on Capital (%)
2.44
0.95
0.46
1.08
- -
2.09
2.02
2.21
1.15
2.1
3.26
3.83
3.45
3.74
Return on Common Equity (%)
- -
- -
- -
- -
39.04
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
785
2,252
2,232
LT Borrowings
11,265
11,300
11,185
LT Finance Leases
676
670
730
Preferred Equity and Hybrid Capital
1,461
1,460
1,460
Shares Outstanding
220
222
225
Market Capitalization
34,007
35,126
24,110

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
8,966
8,869
7,528
Cash, Cash Equivalents & STI
1,500
1,448
1,438
Accounts Receivable, Net
- -
188
- -
Inventories
- -
- -
- -
Total Current Liabilities
5,802
7,489
7,674
Payables & Accruals
5,017
5,237
5,441
ST Debt
785
2,252
2,232
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.14%
30.27%
27.14%
Free Cash Flow
-45.9%
-123.56%
18.34%
Net Income, GAAP
88.76%
60.86%
13.72%
Sales/Revenue/Turnover
30.22%
36.27%
44.19%
Total Cash Common Dividend
23.41%
30.1%
28.52%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
707
789
1,130
1,259
3,885
2025
1,089
1,350
1,658
1,505
5,601
2026
1,396
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.38
0.48
0.59
0.88
2.23
2025
0.1
0.51
1.2
0.13
1.96
2026
0.52
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.66
1.59
1.68
1.69
6.62
2025
2.13
1.96
1.93
2.08
8.08
2026
2.33
- -
- -
- -
- -

Company Description

APIChat
CEO
Michael J. Arougheti
Full Time Employees
4,250
Sector
Financial Services
Industry
Asset Management
Address
1800 Avenue of the Stars Los Angeles CA United States of America 90067
IPO Date
May 2, 2014
Business
Ares Management Corporation (NYSE: ARES) operates as a leading global alternative investment manager, offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity, and infrastructure asset classes. Founded in 1997 and headquartered in Los Angeles, California, the firm manages approximately $596 billion in assets under management as of November 2025, with over 4,200 employees across North America, Europe, Asia Pacific, and the Middle East. Its Credit Group, the largest segment with about $359.1 billion in assets under management as of March 2025, provides direct lending, liquid credit including syndicated loans and high yield bonds, alternative credit such as asset-backed securities and CLOs, opportunistic credit, and APAC credit strategies; the Real Estate Group, with roughly $104.4 billion in AUM, offers private real estate equity and debt vehicles, non-traded REITs, publicly traded REITs in the U.S. and Japan, digital infrastructure, and separately managed accounts across the Americas, Europe, and Asia Pacific; the Private Equity Group, managing around $24.7 billion, focuses on corporate private equity and APAC private equity through dedicated teams in North America, Europe, and China; the Infrastructure Group targets debt and equity in digital, energy, transportation, utilities, and sustainable infrastructure with about $19.8 billion in AUM; the Secondaries Group invests across private equity, credit, real estate, and infrastructure secondaries with $31.3 billion in AUM; and Other Businesses, including Ares Insurance Solutions, encompasses additional strategies with $6.6 billion in AUM. Ares serves a diverse investor base comprising pension funds, insurance companies, sovereign wealth funds, endowments, and high-net-worth individuals, delivering flexible capital solutions from senior debt to common equity for middle-market companies, real assets, and underserved sectors globally. Recent developments include the completion of its acquisition of GLP Capital Partners' international business (excluding Greater China) in October 2024 for approximately $3.7 billion in cash and $1.9 billion in Ares Class A common stock, enhancing capabilities in logistics, digital infrastructure including over 1GW of hyperscale projects, self-storage, and clean energy; a $350 million investment in MGT in December 2025, valuing the SLED services provider at $1.25 billion and supporting its growth as the first unicorn in that industry; the introduction of Marq in December 2025 to unify its global logistics platform within real estate; an agreement to acquire BlueCove in 2025 following a 2023 minority stake, with assets under management growing from $1.8 billion; a €40 million acquisition facility provided to Comet Software in October 2025 for European software deals; and a 10% stake acquisition in the Miami Dolphins in December 2024, marking one of the first external NFL franchise investments. Subsidiaries such as Ares Capital Corporation (NASDAQ: ARCC), a business development company focused on U.S. middle-market lending, Ares Management Limited in Europe, and Ares SSG in Asia Pacific bolster its platform, while strategic joint ventures like Ares Australia Management expand retail and institutional access in Australia and New Zealand.

Company News

APIChat
  • Private Capital Giants Chase Mexico's $500 Billion Pension Opportunity

  • ARES CAPITAL CORPORATION ANNOUNCES INAUGURAL $1 BILLION COMMERCIAL PAPER PROGRAM

  • Goldman Sachs Sees S&P 500 at 8000 Year-End: 5 of Its Top Picks Pay Big Passive Income Dividends

  • Ares CEO Arougheti on Private Credit, Sports Investing

  • Airspan Networks Joins Oramach and iVent's ARES Consortium for European Mission-Critical Communications

  • Ares Management Corporation (ARES) Presents at Goldman Sachs 30th Annual European Financials Conference 2026 Transcript

  • Ares Management: Bonds Might Still Offer The Best Deal

  • 10%+ Dividends: 2 BDC Retirement Income Powerhouses

  • Ares Management Corporation to Present at the Morgan Stanley US Financials Conference

  • Ares Marks Eagle Football Debt To 16 Cents As MetLife Pushes Back

  • Ares Management Corporation to Present at the Goldman Sachs European Financials Conference

  • Ares Management Corporation (ARES) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

  • Will ARES' Expanding AUM Balance Aid Long-Term Earnings Growth?

  • The High-Yield Stocks the Smart Money Is Buying Right Now

  • Private Equity Is Buying REITs Hand Over Fist

  • The REIT Repricing Cycle Is Nearing A Turning Point

  • Beware of Bargains in Private Credit

  • Ares Management bulks up on credit funds in first quarter of 2026

  • Ares Management Corporation to Present at the Bernstein 42nd Annual Strategic Decisions Conference

  • Found Industries and ARES Strategic Mining Sign MOU to Advance Domestic Gallium, Germanium and Fluorspar Recovery from Utah's Lost Sheep Mine