Ares Management Corporation logo

Ares Management Corporation

ARES

NYSEFinancial ServicesAsset Management

Previous close

$141.25

+$1.02 · +0.73%

Aug 21, 4:00 PM ET

ARES company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

79

Undervalued

Momentum

34

Weakening

Sentiment

47

Mixed

Risk resilience

44

Elevated Risk

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Company profile

Company website

Ares Management Corporation functions as an investment firm specializing in alternative assets, with operations spanning the United States, Europe, and Asia. Its Tradable Credit division oversees diverse investment vehicles, including pooled funds and separately managed accounts for institutional investors, alongside publicly traded products and sub-advised funds aimed at retail investors, all within the tradable and non-investment grade corporate credit markets. The Direct Lending segment delivers financial solutions to small and medium-sized businesses. Through its Private Equity arm, the company primarily targets investments where it holds a majority or shared controlling interest, focusing on companies that are currently under-capitalized. The Real Estate group is involved in financing new property developments and the strategic repositioning of existing assets, often taking control or majority-control stakes. This group also creates and invests in specialized financing opportunities for middle-market commercial real estate owners and operators. Established in 1997, the company, formerly known as Ares Management, L.P., is headquartered in Los Angeles, California, and maintains a global footprint with additional offices across the United States, Europe, and Asia. Ares Management GP LLC serves as its general partner.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Michael J. Arougheti
Listed since
May 2, 2014
Employees
4,343

Market position

Day range

Current $141.25

52-week range

Current $141.25

Open
$142.04
Previous close
$140.23
Volume
1.17M
0.46× average
Average volume
2.56M
Average daily volume
Market cap
46.39B USD
Beta
1.51
Market reference 1
50-day average
$128.18
+10.20% above average
200-day average
$133.72
+5.63% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
65.89B USD
P/E (TTM)
61.68×
P/B (TTM)
8.06×
P/S (TTM)
7.26×
EV / EBITDA
28.69×
Earnings yield
1.50%
Free cash flow yield
9.09%
Dividend yield
3.50%

Profitability & efficiency

Gross margin
62.69%
Operating margin
23.18%
Net margin
9.97%
Return on equity
12.33%
Return on assets
1.82%
Return on invested capital
5.14%

Financial health

Debt / equity
3.75×
Current ratio
2.24×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends82%54%26%-1%Gross margin, FY2021: 72.40%Gross margin, FY2022: 50.95%Gross margin, FY2023: 59.07%Gross margin, FY2024: 55.42%Gross margin, FY2025: 74.79%Operating margin, FY2021: 19.04%Operating margin, FY2022: 10.03%Operating margin, FY2023: 22.96%Operating margin, FY2024: 24.35%Operating margin, FY2025: 27.22%Net margin, FY2021: 9.71%Net margin, FY2022: 5.48%Net margin, FY2023: 13.06%Net margin, FY2024: 11.94%Net margin, FY2025: 8.15%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 72.40%. Gross margin FY2022 50.95%. Gross margin FY2023 59.07%. Gross margin FY2024 55.42%. Gross margin FY2025 74.79%. Operating margin FY2021 19.04%. Operating margin FY2022 10.03%. Operating margin FY2023 22.96%. Operating margin FY2024 24.35%. Operating margin FY2025 27.22%. Net margin FY2021 9.71%. Net margin FY2022 5.48%. Net margin FY2023 13.06%. Net margin FY2024 11.94%. Net margin FY2025 8.15%.

Income trends

Revenue

6.47B USD+66.55%

Operating income

1.76B USD+86.17%

Net income

527.36M USD+13.72%
Income trends across reported periods7.1B USD4.58B USD2.06B USD−462.72M USDRevenue, FY2021: 4.21B USDRevenue, FY2022: 3.06B USDRevenue, FY2023: 3.63B USDRevenue, FY2024: 3.88B USDRevenue, FY2025: 6.47B USDOperating income, FY2021: 802.01M USDOperating income, FY2022: 306.36M USDOperating income, FY2023: 834.03M USDOperating income, FY2024: 946.09M USDOperating income, FY2025: 1.76B USDNet income, FY2021: 408.84M USDNet income, FY2022: 167.54M USDNet income, FY2023: 474.33M USDNet income, FY2024: 463.74M USDNet income, FY2025: 527.36M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.21B USD. Revenue FY2022 3.06B USD. Revenue FY2023 3.63B USD. Revenue FY2024 3.88B USD. Revenue FY2025 6.47B USD. Operating income FY2021 802.01M USD. Operating income FY2022 306.36M USD. Operating income FY2023 834.03M USD. Operating income FY2024 946.09M USD. Operating income FY2025 1.76B USD. Net income FY2021 408.84M USD. Net income FY2022 167.54M USD. Net income FY2023 474.33M USD. Net income FY2024 463.74M USD. Net income FY2025 527.36M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6.47B USD3.88B USD3.63B USD3.06B USD4.21B USD
Cost of goods sold1.63B USD1.73B USD1.49B USD1.5B USD1.16B USD
Gross profit4.84B USD2.15B USD2.15B USD1.56B USD3.05B USD
Selling, general, and administrative1.19B USD1.27B USD1.21B USD2.18B USD
Operating expenses3.08B USD1.21B USD1.31B USD1.25B USD2.25B USD
Interest income670.87M USD976.4M USD1.01B USD595.93M USD447.68M USD
Interest expense767.46M USD978.3M USD860.88M USD482.72M USD294.81M USD
Depreciation and amortization241.93M USD158.58M USD231.71M USD341.34M USD113.29M USD
Operating income1.76B USD946.09M USD834.03M USD306.36M USD802.01M USD
Net income527.36M USD463.74M USD474.33M USD167.54M USD408.84M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-1.38%
11 comparable reports
Latest EPS result
1.29
Estimate 1.28 · Beat by 0.78%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.761.461.170.87Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 1.23, estimate 1.35, surprise -8.89%, Miss. Q2 2025, reported May 5, 2025: actual 1.09, estimate 0.94, surprise +15.96%, Beat. Q3 2025, reported Aug 1, 2025: actual 1.03, estimate 1.08, surprise -4.63%, Miss. Q4 2025, reported Nov 3, 2025: actual 1.19, estimate 1.15, surprise +3.48%, Beat. Q1 2026, reported Feb 5, 2026: actual 1.45, estimate 1.69, surprise -14.20%, Miss. Q2 2026, reported May 1, 2026: actual 1.24, estimate 1.33, surprise -6.77%, Miss. Q3 2026, reported Jul 31, 2026: actual 1.29, estimate 1.28, surprise +0.78%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 1.34, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.72B1.44B1.15B861.58MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 1.61B USD, estimate 1.1B USD, surprise +45.54%, Beat. Q2 2025, reported May 5, 2025: actual 1.09B USD, estimate 927.89M USD, surprise +17.34%, Beat. Q3 2025, reported Aug 1, 2025: actual 1.35B USD, estimate 1.01B USD, surprise +33.31%, Beat. Q4 2025, reported Nov 3, 2025: actual 1.66B USD, estimate 1.06B USD, surprise +57.01%, Beat. Q1 2026, reported Feb 5, 2026: actual 1.5B USD, estimate 1.49B USD, surprise +0.75%, Beat. Q2 2026, reported May 1, 2026: actual 1.29B USD, estimate 1.28B USD, surprise +0.89%, Beat. Q3 2026, reported Jul 31, 2026: actual 1.43B USD, estimate 1.24B USD, surprise +15.60%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 1.25B USD, surprise —, Comparison unavailable.

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