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Ares Management Corporation ARES SPX

Financial Services · Asset Management · United States
https://www.ares.com

Ares Management Corporation operates as an alternative asset manager. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment specializes in early venture, turnaround, mid venture, late venture, recapitalization, growth capital, middle market, mezzanine, distressed and growth buyouts. The firm seeks to invest in healthcare, services, energy, industrials and consumer. The firm seeks to takes majority, minority and shared-control investments primarily in under-capitalized companies in North America, Europe, Asia Pacific, Southeast Asia and Australia. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm prefers to invest between $1 million and $500 million in companies having EBITDA between $10 million and $250 million and debt investment value between $10 million and $100 million. Ares Management Corporation was founded in 1997 and is based in Los Angeles, California with additional offices in North America, Europe and Asia.

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$128.50
-19.75% 1Y

Market & Price

Market Cap
$42.39B
Current Price
$128.50
High / Low (52W)
$187.77 / $95.20
Beta
1.52

Valuation

Stock P/E
59.22
Industry PE
12.01
Forward P/E
17.55
PEG Ratio
1.03
Book Value
$11.38
Price to Book
11.29
P/S
7.17
EV/EBITDA
34.43
Dividend Yield
4.20%

Profitability & Returns

ROCE
9.72%
ROE
14.18%
ROA
2.54%
Profit Margin
10.54%
Op Margin
18.43%
EPS (Latest Qtr)
$0.46
EPS (TTM)
$2.17

Balance Sheet & Liquidity

Debt/Equity
1.69
Quick Ratio
0.41
Current Ratio
0.49
Debt
$14.15B
Total Assets
$28.63B
Current Assets
$8.87B
Working Capital
$1.38B

Ownership

Promoter Holding
11.33%
Chg in Prom Hold
-0.04%
FII / Inst Holding
89.82%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$47.51B
Total Revenue (TTM)
$5.91B
EBITDA
$1.38B
Free Cash Flow
$1.76B
Operating Cash Flow
$1.68B
Shares Outstanding
222.03M
Gross Margin
37.56%
Payout Ratio
217.05%

Growth (CAGR)

Revenue 5Y
22.39%
Profit 5Y
46.55%
Revenue (YoY)
28.30%
Earnings (YoY)
770.50%

PROS

  • Compounding revenue at 22.4% over 5 years.
  • Profit CAGR of 46.6% over 5 years.
  • Attractive dividend yield of 4.20%.
  • Generates positive free cash flow.

CONS

  • Trading at a high P/E of 59.2.
  • Trading 31.6% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ARES Ares Management Corporation SPX 128.50 59.22 $42.39B 4.20% 9.72% 14.18% 22.39% 46.55%
2 JPM JPMorgan Chase & Co. SPX 299.31 14.33 $802.00B 2.00% - 16.47% 12.50% 14.83%
3 V Visa Inc. SPX 326.36 28.48 $620.65B 0.82% 38.38% 60.35% 10.92% 10.28%
4 MA Mastercard Incorporated SPX 493.98 28.57 $436.47B 0.70% 61.47% - 13.82% 14.66%
5 MS Morgan Stanley SPX 208.00 18.84 $328.08B 1.92% - 16.39% 9.52% 15.20%
6 GS The Goldman Sachs Group, Inc. SPX 1,025.56 18.73 $302.55B 1.76% - 14.55% 7.16% 15.11%
7 WFC Wells Fargo & Company SPX 77.54 11.98 $237.29B 2.32% - 12.03% 4.02% 15.98%
8 BLK BlackRock, Inc. SPX 1,046.88 26.32 $162.51B 2.19% 4.89% 11.90% 10.65% 2.36%
9 SCHW The Charles Schwab Corporation SPX 87.35 17.37 $151.91B 1.47% - 19.08% 4.83% 7.21%
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Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -------244.24M572.20M288.40M375.10M266.09M204.16M240.78M247.43M477.20M384.82M466.49M436.93M13.41M602.76M489.87M658.39M1.29B948.72M715.00M601.43M801.29M813.36M1.09B671.25M707.36M788.68M--1.09B1.35B1.66B1.50B1.40B
Cost of Revenue -----------------------------------657.12M643.71M659.84M604.96M692.41M
Gross Profit -----------------------------------431.68M706.42M997.79M899.97M704.03M
Operating Expenses -----------------------------------357.20M493.87M648.38M643.69M476.06M
Operating Income -----------------------------------74.48M212.55M349.41M256.28M227.97M
EBITDA -----------------------------------330.17M476.15M855.29M392.75M502.48M
Interest Expense -----------------------------------189.13M189.21M203.02M186.10M189.56M
Pretax Income -----------------------------------141.04M286.94M652.27M206.65M312.92M
Tax Provision -----------------------------------17.54M60.96M111.89M8.15M59.87M
Net Income 12.09M-11.35M185.00K-3.09M37.57M43.30M34.02M-41.13M49.88M27.84M39.60M40.95M-11.78M15.91M11.94M44.95M32.14M33.33M38.47M-31.04M56.37M47.55M58.38M141.64M84.73M45.86M39.73M-35.55M---73.03M94.94M--47.17M137.06M288.88M54.25M142.59M
Diluted EPS -----------------------------------0.000.461.150.080.46

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 334.05M478.65M---1.48B958.46M1.77B1.76B-3.06B3.63B3.88B5.60B
Cost of Revenue ----------1.50B1.49B1.73B2.57B
Gross Profit ----------1.56B2.15B2.15B3.04B
Operating Expenses ----------1.25B1.31B1.21B2.14B
Operating Income ----------306.36M834.03M946.09M892.72M
EBITDA ----------1.33B2.43B2.41B2.30B
Interest Expense ----------482.72M860.88M978.30M767.46M
Pretax Income ----------510.81M1.33B1.28B1.29B
Tax Provision ----------71.89M172.97M164.62M198.53M
Net Income --34.99M19.38M111.81M76.18M57.02M148.88M152.14M-167.54M474.33M463.74M527.36M
Diluted EPS ----------0.872.422.041.71

Compounded Sales Growth

5 Years:22.39%
1 Year:28.30%

Compounded Profit Growth

5 Years:46.55%
1 Year:770.50%

Stock Price Performance

1 Year:-19.75%
6 Months:-14.24%
3 Months:+16.28%
1 Month:+15.91%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2012Dec 2013Apr 2014Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets 24.50B23.71B-21.64B4.32B5.83B8.56B10.15B12.01B15.17B-22.00B24.73B24.88B28.63B
Current Assets -----------2.20B2.77B12.17B8.87B
Cash & Equivalents -----------1.11B1.50B2.74B1.45B
Inventory ---------------
Receivables -----------120.90M128.76M169.01M188.14M
Total Liabilities -16.03B-14.88B3.33B4.45B7.10B8.76B10.16B12.60B-18.20B20.26B18.06B19.96B
Current Liabilities -----------3.42B3.79B4.33B7.49B
Long Term Debt -----------12.98B15.31B12.23B11.30B
Total Debt -----------13.33B15.76B13.15B14.22B
Total Equity --5.65B283.64M246.92M292.85M1.46B587.92M768.29M1.19B-1.59B1.89B3.54B4.28B
Shares Outstanding -----------177.38M190.56M203.36M221.96M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 1.53B-527.99M-625.65M-1.86B-1.42B-2.08B-425.66M--734.11M-233.26M2.79B3.27B
Investing Cash Flow -76.66M-75.11M-11.91M-33.16M-18.42M-16.80M-136.76M--337.38M-111.08M-159.40M-1.80B
Financing Cash Flow -1.36B581.54M880.76M1.65B1.41B2.12B943.89M-1.13B292.13M-1.43B-2.43B
Capital Expenditure -16.66M-10.68M-11.91M-33.16M-18.42M----35.80M-67.18M-91.51M-72.18M
Free Cash Flow 1.52B-538.66M-637.57M-1.90B-1.44B----769.91M-300.44M2.70B3.19B
Net Change in Cash --------56.57M-52.21M1.20B-963.85M

Ratios (Annual)

Figures in %.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ----------51.0%59.1%55.4%54.2%
Operating Margin % ----------10.0%23.0%24.4%15.9%
Net Margin % -----5.1%5.9%8.4%8.6%-5.5%13.1%11.9%9.4%
ROE % --12.3%7.8%38.2%5.2%9.7%19.4%12.7%-10.5%25.1%13.1%12.3%
ROCE % ----------1.6%4.0%4.6%4.2%

Shareholding Pattern

Insiders
11.33%
Institutions
89.82%
Public Float
101.31%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 7.28% 16.17M $2.08B
2 Vanguard Capital Management LLC 6.08% 13.49M $1.73B
3 Sumitomo Mitsui Financial Group, Inc. 6.02% 13.36M $1.72B
4 Capital World Investors 5.31% 11.78M $1.51B
5 Wellington Management Group, LLP 5.03% 11.16M $1.43B
6 Vanguard Portfolio Management LLC 4.86% 10.80M $1.39B
7 State Street Corporation 3.88% 8.60M $1.11B
8 Canada Pension Plan Investment Board 3.43% 7.61M $978.48M
9 Charles Schwab Investment Management, Inc. 2.69% 5.96M $766.28M
10 Geode Capital Management, LLC 2.53% 5.62M $722.69M

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