Ares Management ARES · USD
Financials · Capital Markets · US listing · 🇺🇸 United States
S&P 500
139.58
+4.18%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Net income
$527.4m
FY2016FY2025
Total assets
$28.99bn
FY2016FY2025
Shareholders' equity
$4.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | — | $0 | $0 | $0 | $0 | $0 | — | — | — |
| Operating income | $1.76bn | $946.1m | $834.0m | $306.4m | $802.0m | $313.6m | $302.6m | $88.1m | −$89.3m | $182.8m |
| Net income | $527.4m | $463.7m | $474.3m | $167.5m | $408.8m | $152.1m | $148.9m | $57.0m | $76.2m | $111.8m |
| Diluted earnings per share | 2.35 | 2.16 | 2.50 | 0.88 | 2.16 | 1.02 | 1.24 | 0.56 | 0.88 | 1.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $28.99bn | $24.88bn | $24.73bn | $22.00bn | $21.61bn | $15.17bn | $12.01bn | $10.15bn | $8.56bn | $5.83bn |
| Cash and short-term investments | $1.50bn | $2.74bn | $1.50bn | $1.11bn | $1.39bn | $1.06bn | $744.7m | $494.9m | $675.4m | $798.1m |
| Total liabilities | $20.29bn | $18.06bn | $20.26bn | $18.20bn | $17.79bn | $12.70bn | $10.16bn | $8.76bn | $7.10bn | $4.45bn |
| Debt | $12.80bn | $12.51bn | $15.44bn | $13.14bn | $12.29bn | $10.72bn | $8.40bn | $7.37bn | $5.72bn | $3.39bn |
| Shareholders' equity | $4.28bn | $3.54bn | $1.89bn | $1.59bn | $1.83bn | $1.19bn | $768.3m | $587.9m | $1.46bn | $1.38bn |
| Shares outstanding | 224m | 215m | 190m | 190m | 189m | 150m | 120m | 102m | 87m | 84m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | $248.6m | $364.9m | $364.9m | $408.0m | $232.1m | $74.5m | $524.8m | $359.8m |
| Net income | $150.6m | $142.6m | $142.6m | $288.9m | $137.1m | $47.2m | $177.3m | $118.5m |
| Diluted earnings per share | 0.67 | 0.63 | 0.64 | 1.29 | 0.61 | 0.21 | 0.82 | 0.55 |
| Total assets | $29.63bn | $28.39bn | $28.99bn | $27.03bn | $27.26bn | $27.18bn | $24.88bn | $24.52bn |
| Cash and short-term investments | $1.85bn | $1.44bn | $1.50bn | $1.50bn | $1.53bn | $1.80bn | $2.74bn | $1.67bn |
| Debt | $11.53bn | $11.24bn | $12.80bn | $12.05bn | $12.78bn | $12.67bn | $12.51bn | $13.89bn |
| Shareholders' equity | $3.97bn | $4.03bn | $4.28bn | $4.47bn | $4.36bn | $4.45bn | $3.54bn | $2.08bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 27.2% | 24.4% | 23.0% | 10.0% | 19.0% | 17.8% | — |
| Net margin | 8.2% | 11.9% | 13.1% | 5.5% | 9.7% | 8.6% | — |
| Return on equity | 12.3% | 13.1% | 25.1% | 10.5% | 22.4% | 12.7% | — |
| Return on assets | 1.8% | 1.9% | 1.9% | 0.8% | 1.9% | 1.0% | — |
| Revenue growth | 66.6% | 7.0% | 18.9% | -27.5% | 138.8% | -0.1% | — |
| Earnings growth | 13.7% | -2.2% | 183.1% | -59.0% | 168.7% | 2.2% | — |
| Current ratio | 2.24x | 0.98x | 0.73x | 0.64x | 0.63x | 1.00x | — |
| Debt to equity | 2.99x | 3.53x | 8.15x | 1.54x | 6.76x | 0.64x | — |
| Equity ratio | 14.7% | 14.2% | 7.7% | 7.2% | 8.4% | 7.9% | — |
| Interest coverage | 2.30x | 0.97x | 0.97x | 0.63x | 2.72x | 1.01x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -4.2% | -13.3% | 0.0% | -0.5% | -26.4% | -24.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.4% | 29.7% | 23.0% |
| Operating income | 79.1% | 41.2% | 44.2% |
| Net income | 46.6% | 28.2% | 39.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 26.1% | 22.6% | 21.6% | 18.8% |
| Net margin | 9.6% | 9.6% | 9.5% | 8.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 68.7 | 82.1 | 47.6 | 77.5 | 37.6 | 46.2 | 28.7 | 31.7 | 22.7 | 14.4 |
| Price to sales | 5.6 | 9.8 | 6.2 | 4.3 | 3.6 | 4.0 | 2.4 | 1.9 | 1.2 | 1.3 |
Market value over time
31 Oct 2016 to 21 Sept 2026, in USD
$1.41bn$28.67bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -2% | 44% | 76% | -10% | 49% | 44% | 96% | -8% | 15% | 29% |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 16 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.05 | 4.48 | 3.72 | 3.08 | 1.158 | 1.88 | 1.60 | 1.28 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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