Ares Management Corporation ARES SPX
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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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP $ | P/E | Mkt Cap | Div 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% |
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 244.24M | 572.20M | 288.40M | 375.10M | 266.09M | 204.16M | 240.78M | 247.43M | 477.20M | 384.82M | 466.49M | 436.93M | 13.41M | 602.76M | 489.87M | 658.39M | 1.29B | 948.72M | 715.00M | 601.43M | 801.29M | 813.36M | 1.09B | 671.25M | 707.36M | 788.68M | - | - | 1.09B | 1.35B | 1.66B | 1.50B | 1.40B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 657.12M | 643.71M | 659.84M | 604.96M | 692.41M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 431.68M | 706.42M | 997.79M | 899.97M | 704.03M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 357.20M | 493.87M | 648.38M | 643.69M | 476.06M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 74.48M | 212.55M | 349.41M | 256.28M | 227.97M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 330.17M | 476.15M | 855.29M | 392.75M | 502.48M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 189.13M | 189.21M | 203.02M | 186.10M | 189.56M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 141.04M | 286.94M | 652.27M | 206.65M | 312.92M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.54M | 60.96M | 111.89M | 8.15M | 59.87M |
| Net Income | 12.09M | -11.35M | 185.00K | -3.09M | 37.57M | 43.30M | 34.02M | -41.13M | 49.88M | 27.84M | 39.60M | 40.95M | -11.78M | 15.91M | 11.94M | 44.95M | 32.14M | 33.33M | 38.47M | -31.04M | 56.37M | 47.55M | 58.38M | 141.64M | 84.73M | 45.86M | 39.73M | -35.55M | - | - | - | 73.03M | 94.94M | - | - | 47.17M | 137.06M | 288.88M | 54.25M | 142.59M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00 | 0.46 | 1.15 | 0.08 | 0.46 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 334.05M | 478.65M | - | - | - | 1.48B | 958.46M | 1.77B | 1.76B | - | 3.06B | 3.63B | 3.88B | 5.60B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | 1.50B | 1.49B | 1.73B | 2.57B |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | 1.56B | 2.15B | 2.15B | 3.04B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | 1.25B | 1.31B | 1.21B | 2.14B |
| Operating Income | - | - | - | - | - | - | - | - | - | - | 306.36M | 834.03M | 946.09M | 892.72M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | 1.33B | 2.43B | 2.41B | 2.30B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | 482.72M | 860.88M | 978.30M | 767.46M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | 510.81M | 1.33B | 1.28B | 1.29B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | 71.89M | 172.97M | 164.62M | 198.53M |
| Net Income | - | - | 34.99M | 19.38M | 111.81M | 76.18M | 57.02M | 148.88M | 152.14M | - | 167.54M | 474.33M | 463.74M | 527.36M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | 0.87 | 2.42 | 2.04 | 1.71 |
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 2012 | Dec 2013 | Apr 2014 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 24.50B | 23.71B | - | 21.64B | 4.32B | 5.83B | 8.56B | 10.15B | 12.01B | 15.17B | - | 22.00B | 24.73B | 24.88B | 28.63B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | 2.20B | 2.77B | 12.17B | 8.87B |
| Cash & Equivalents | - | - | - | - | - | - | - | - | - | - | - | 1.11B | 1.50B | 2.74B | 1.45B |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | 120.90M | 128.76M | 169.01M | 188.14M |
| Total Liabilities | - | 16.03B | - | 14.88B | 3.33B | 4.45B | 7.10B | 8.76B | 10.16B | 12.60B | - | 18.20B | 20.26B | 18.06B | 19.96B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | 3.42B | 3.79B | 4.33B | 7.49B |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | 12.98B | 15.31B | 12.23B | 11.30B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | 13.33B | 15.76B | 13.15B | 14.22B |
| Total Equity | - | - | 5.65B | 283.64M | 246.92M | 292.85M | 1.46B | 587.92M | 768.29M | 1.19B | - | 1.59B | 1.89B | 3.54B | 4.28B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | 177.38M | 190.56M | 203.36M | 221.96M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1.53B | -527.99M | -625.65M | -1.86B | -1.42B | -2.08B | -425.66M | - | -734.11M | -233.26M | 2.79B | 3.27B |
| 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 | -1.36B | 581.54M | 880.76M | 1.65B | 1.41B | 2.12B | 943.89M | - | 1.13B | 292.13M | -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 | -300.44M | 2.70B | 3.19B |
| Net Change in Cash | - | - | - | - | - | - | - | - | 56.57M | -52.21M | 1.20B | -963.85M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 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 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ARES