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Ares Capital ARCC · USD

Financials · US listing · 🇺🇸 United States

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19.35

+1.15%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Net income

$1.30bn

FY2016FY2025

Total assets

$31.23bn

FY2016FY2025

Shareholders' equity

$14.32bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Research and development——$1$0$1$0$1$1$1$0
Operating income$1.40bn$1.59bn$1.29bn$655.0m$1.60bn$503.0m$809.0m$1.12bn$686.0m$495.0m
Net income$1.30bn$1.52bn$1.27bn$600.0m$1.57bn$484.0m$793.0m$858.0m$667.0m$474.0m
Diluted earnings per share1.862.322.131.123.381.141.852.011.571.51

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$31.23bn$28.25bn$23.80bn$22.40bn$20.84bn$16.20bn$14.90bn$12.89bn$12.35bn$9.24bn
Cash and short-term investments$924.0m$635.0m$535.0m$303.0m$372.0m$254.0m$176.0m$296.0m$316.0m$223.0m
Total liabilities$16.92bn$14.90bn$12.60bn$12.84bn$11.97bn$9.02bn$7.44bn$5.59bn$5.25bn$4.08bn
Debt$15.99bn$13.76bn$11.95bn$12.38bn$11.16bn$8.60bn$7.09bn$5.51bn$5.12bn$4.04bn
Shareholders' equity$14.32bn$13.36bn$11.20bn$9.55bn$8.87bn$7.18bn$7.47bn$7.30bn$7.10bn$5.17bn
Shares outstanding699m655m593m534m463m423m429m426m426m314m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Operating income$581.0m$124.0m$319.0m$431.0m$378.0m$248.0m$370.0m$406.0m
Net income$171.0m$92.0m$293.0m$404.0m$361.0m$241.0m$357.0m$394.0m
Diluted earnings per share0.240.130.420.580.520.340.550.60
Total assets$30.50bn$30.68bn$31.23bn$30.81bn$29.07bn$28.32bn$28.25bn$27.10bn
Cash and short-term investments$383.0m$505.0m$924.0m$1.04bn$447.0m$647.0m$635.0m$486.0m
Debt————$2.42bn——$13.0m
Shareholders' equity$13.89bn$14.06bn$14.32bn$14.32bn$14.03bn$13.67bn$13.36bn$12.77bn

Financial ratios

Data as of 1 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating margin62.4%67.4%61.7%54.8%95.1%93.0%——
Net margin57.9%64.3%60.7%50.2%93.4%89.5%——
Return on equity9.1%11.4%11.3%6.3%17.7%6.7%——
Return on assets4.2%5.4%5.3%2.7%7.5%3.0%——
Revenue growth-5.3%13.5%74.3%-28.7%210.2%-34.3%——
Earnings growth-14.7%20.2%111.0%-61.7%223.8%-39.0%——
Current ratio1.71x2.83x0.44x0.42x0.98x1.46x——
Debt to equity——0.12x1.36x0.00x0.00x0.95x0.76x
Equity ratio45.8%47.3%47.1%42.7%42.5%44.3%——
Interest coverage1.90x2.42x2.50x1.44x4.29x1.59x——
R&D as a share of sales——0.0%0.0%0.0%0.0%0.0%0.0%
Buybacks as a share of market value-6.7%-10.5%-11.0%-15.3%-9.5%1.4%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue23.3%32.9%12.7%
Operating income28.8%22.7%13.4%
Net income29.4%21.8%13.1%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin64.9%62.5%69.6%74.2%
Net margin61.2%59.4%66.7%69.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings10.99.49.416.46.314.810.17.710.010.9
Price to sales6.36.15.78.35.813.29.77.56.97.0

Market value over time

31 Oct 2016 to 30 Sept 2026, in USD

$4.80bn$13.71bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return-4%6%10%-9%19%-12%23%-4%-3%11%

Dividends and splits

Per share, in the currency the company pays

Paid for 22 years. Last went ex-dividend on 15 Dec 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.921.921.921.921.751.621.601.60

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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