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ARESAres Management Corporation
$120.70$39.6B
Overview & Verdict
Overview
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ARES logoAres Management Corporation(ARES)Earnings, Financials & Key Ratios

ARES•NYSE
$120.70
61.6× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryAlternative asset managers
AboutAres Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. 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 was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.Show more
  • EBITDA$2B+81.3%
  • Net Income$527M+13.7%
  • EPS (Diluted)1.96-5.3%
  • Gross Margin74.79%+35.0%
  • EBITDA Margin30.96%+8.9%
  • Operating Margin27.22%+11.8%
  • Net Margin8.15%-31.7%
  • ROE6.79%-17.2%

ARES Price & Volume

Ares Management Corporation (ARES) stock price & volume — 10-year historical chart

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Performance Fee Volatility Masks Scalable Asset Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Performance fee volatility risk

Key Thesis Takeaways

  • Ares Management demonstrates a robust trajectory in platform scaling, evidenced by total assets growing from $24.7 billion in 2023Q4 to $28.4 billion by 2026Q1.
  • While the firm benefits from consistent management fee streams, investors should monitor the inherent lumpiness of performance-based earnings which caused net margins to fluctuate between 3.1% and 17.4% over the last ten quarters.
  • Long-term value creation remains tied to the firm's ability to maintain disciplined leverage, as evidenced by the debt-to-equity ratio improving from 3.52 to 1.69 over the same period.

Verdict Logic

while the firm maintains a healthy 7.4% dividend yield, the high P/E TTM of 55.68 suggests that current valuations may already price in significant future performance fee realizations.

ARES Growth Metrics

Ares Management Corporation (ARES) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years23.03%
5 Years29.68%
3 Years28.41%
TTM-

Profit CAGR

10 Years39.15%
5 Years28.22%
3 Years46.55%
TTM42.22%

EPS CAGR

10 Years23.89%
5 Years17.64%
3 Years31.09%
TTM37.35%

Return on Capital

10 Years3.27%
5 Years4.59%
3 Years5.37%
Last Year7.33%

ARES Recent Earnings

Ares Management Corporation (ARES) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 1, 2026
Metric
Actual
Est
EPS
$1.24-6.8%
$1.33
Rev
$1.3B+0.9%
$1.3B
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$1.45-14.2%
$1.69
Rev
$1.5B+0.7%
$1.5B
Q4 2025
Nov 3, 2025
Metric
Actual
Est
EPS
$1.19+3.5%
$1.15
Rev
$1.7B+57.0%
$1.1B
Q3 2025
Aug 1, 2025
Metric
Actual
Est
EPS
$1.03-4.6%
$1.08
Rev
$1.4B+33.3%
$1.0B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 1, 2026
$1.24vs $1.33-6.8%
$1.3Bvs $1.3B+0.9%
Q1 2026Feb 5, 2026
$1.45vs $1.69-14.2%
$1.5Bvs $1.5B+0.7%
Q4 2025Nov 3, 2025
$1.19vs $1.15+3.5%
$1.7Bvs $1.1B+57.0%
Q3 2025Aug 1, 2025
$1.03vs $1.08-4.6%
$1.4Bvs $1.0B+33.3%
Based on last 12 quarters of dataView full earnings history →

Latest ARES News

Recent stock market news and headlines for Ares Management Corporation (ARES)

PRNewsWire·5 days ago
Midera Food Processing and Centrus Energy Set to Join S&P SmallCap 600

NEW YORK, July 2, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600: Midera Food Processing Inc. (NASD: MFP) will replace Redwood Trust Inc. (NYSE: RWT)  effective prior to the opening of trading on Wednesday, July 8. S&P MidCap 400 constituent The Middleby Corp. (NASD: MIDD) is spinning off Midera Food Processing in a transaction that is expected to close July 7.

PRNewsWire·6 days ago
ARES CAPITAL CORPORATION SCHEDULES EARNINGS RELEASE FOR THE SECOND QUARTER ENDED JUNE 30, 2026

NEW YORK, July 2, 2026 /PRNewswire/ -- Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced today that it will report earnings for the second quarter ended June 30, 2026 on Wednesday, July 29, 2026 prior to the opening of the Nasdaq Global Select Market. Ares Capital invites all interested persons to attend its webcast/conference call at 12:00 p.m.

PRNewsWire·Jun 30, 2026
Ares Management Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ending June 30, 2026

NEW YORK, June 30, 2026 /PRNewswire/ -- Ares Management Corporation announced today that it will report earnings for the second quarter ending June 30, 2026 on Friday, July 31, 2026 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m.

Zacks Investment Research·Jun 29, 2026
Private Credit's Liquidity Crunch: APO & ARES Cap Withdrawals Again

APO and ARES cap withdrawals again as redemption requests outpace fund limits, highlighting persistent liquidity pressures across private credit.

PRNewsWire·Jun 25, 2026
MONTH-END PORTFOLIO DATA NOW AVAILABLE FOR ARES DYNAMIC CREDIT ALLOCATION FUND, INC.

NEW YORK, June 25, 2026 /PRNewswire/ -- Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC) as of May 31, 2026, is now available via www.arespublicfunds.com.  About Ares Dynamic Credit Allocation Fund, Inc. Ares Dynamic Credit Allocation Fund, Inc. ("ARDC") is a closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation.

Peers Comparison

Key metrics vs top competitors for Ares Management Corporation (ARES)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ARES logoARESAres Management CorporationCurrent
$120.70$39.64B61.5866.55%8.15%6.79%6.7%
APO logoAPOApollo Global Management, Inc.
$119.33$68.8B16.4416.03%7.24%5.52%—
KKR logoKKRKKR & Co. Inc.
$95.14$85.42B40.66-10.99%14.82%3.84%—
BX logoBXBlackstone Inc.
$120.88$94.7B31.1521.58%20.38%14.25%—
CG logoCGThe Carlyle Group Inc.
$44.01$15.9B20.1919.8%13.7%7.81%—
BAM logoBAMBrookfield Asset Management Ltd.
$46.57$76.29B30.0523.15%49.64%23.23%—

Compare ARES vs Peers

Ares Management Corporation (ARES) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs APO

Most directly comparable listed peer for ARES.

Scale Benchmark

vs MS

Larger-name benchmark to compare ARES against a more recognizable public peer.

Peer Set

Compare Top 5

vs APO, KKR, BX, CG

ARES SEC Filings & Documents

Ares Management Corporation (ARES) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 11, 2026·SEC

Material company update

May 28, 2026·SEC

Material company update

Mar 31, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 8, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 8, 2025·SEC

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ARES Frequently Asked Questions

Ares Management Corporation (ARES) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Ares Management Corporation's revenue?

Ares Management Corporation (ARES) reported $6.31B in revenue for fiscal year 2025.

How fast is Ares Management Corporation growing?

Ares Management Corporation (ARES) grew revenue by 66.6% over the past year. This is strong growth.

Is ARES profitable?

Yes, Ares Management Corporation (ARES) is profitable, generating $622.8M in net income for fiscal year 2025 (8.2% net margin).

Dividend & Returns
Does ARES pay dividends?

Yes, Ares Management Corporation (ARES) pays a dividend with a yield of 6.70%. This makes it attractive for income-focused investors.

What is ARES's return on equity?

Ares Management Corporation (ARES) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.

What is Ares Management Corporation's free cash flow?

Ares Management Corporation (ARES) generated $1.61B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ARES back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →