Ares Capital Corporation (ARCC) Earnings History
Growth Compounder22 years of earnings data (2004–2025) · Consistent double-digit EPS growth over 5 years
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Ares Capital Corporation (ARCC) Earnings Overview
As of July 8, 2026, Ares Capital Corporation (ARCC) reported trailing twelve-month net income of $1.15B, reflecting -23.8% year-over-year growth. The company earned $1.60 per diluted share over the past four quarters, with a net profit margin of 41.3%.
Looking at the long-term picture, ARCC's 5-year EPS compound annual growth rate (CAGR) stands at +10.3%, showing solid earnings momentum. The company achieved its highest annual net income of $1.57B in fiscal 2021.
Ares Capital Corporation maintains industry-leading profitability with a gross margin of 75.7%, operating margin of 69.7%, and net margin of 41.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including GBDC ($205M net income, 43.2% margin), OBDC ($360M net income, 37.4% margin), TPVG (-$12M net income, 50.6% margin), ARCC has room to improve margins relative to the peer group. Compare ARCC vs GBDC →
ARCC Earnings vs Peers
Earnings metrics vs comparable public companies
ARCC Historical Earnings Data (2004–2025)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.30B | -14.7% | $2.19B | $1.86 | 41.3% | 69.7% |
| 2024 | $1.52B | +0.0% | $1.59B | $2.44 | 64.3% | 67.4% |
| 2023 | $1.52B | +153.7% | $1.54B | $2.68 | 70.3% | 71.2% |
| 2022 | $600M | -61.7% | $655M | $1.19 | 50.2% | 54.8% |
| 2021 | $1.57B | +223.8% | $1.60B | $3.51 | 76.4% | 77.9% |
| 2020 | $484M | -39.0% | $503M | $1.14 | 56.4% | 58.6% |
| 2019 | $793M | -7.6% | $809M | $1.86 | 71.1% | 72.6% |
| 2018 | $858M | +28.6% | $877M | $2.01 | 76.7% | 78.4% |
| 2017 | $667M | +40.7% | $686M | $1.57 | 68.5% | 70.4% |
| 2016 | $474M | +25.1% | $495M | $1.51 | 64.3% | 67.2% |
| 2015 | $379M | -35.9% | $397M | $1.20 | 55.9% | 58.6% |
| 2014 | $591M | +21.0% | $609M | $1.94 | 68.2% | 70.3% |
| 2013 | $489M | -3.9% | $503M | $1.83 | 68.5% | 70.5% |
| 2012 | $508M | +59.1% | $519M | $2.21 | 72.9% | 74.5% |
| 2011 | $319M | -35.1% | $290M | $1.56 | 43.7% | 39.7% |
| 2010 | $492M | +142.7% | $221M | $3.91 | 93.0% | 41.8% |
| 2009 | $203M | +245.3% | $134M | $1.98 | 101.3% | 67.0% |
| 2008 | -$139M | -253.5% | $127M | $-1.56 | -72.5% | 66.1% |
| 2007 | $91M | +2.9% | $94M | $1.34 | 46.5% | 48.2% |
| 2006 | $88M | +103.5% | $62M | $1.58 | 88.3% | 61.6% |
| 2005 | $43M | +1203.5% | $27M | $1.78 | 91.9% | 57.4% |
| 2004 | $3M | - | $3M | $0.29 | 77.6% | 63.3% |
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ARCC — Frequently Asked Questions
Quick answers to the most common questions about buying ARCC stock.
What is ARCC earnings per share (EPS)?
ARCC trailing twelve-month (TTM) diluted EPS is $1.60, reflecting -23.8% year-over-year growth. The 5-year EPS CAGR is +10.3%. Complete EPS history from 2004 to 2025 is available in the table on this page.
What is Ares Capital Corporation's net income?
Ares Capital Corporation (ARCC) trailing twelve-month net income is $1.1B as of 2025. Earnings declined -23.8% year-over-year. Ares Capital Corporation has been profitable for 17 consecutive years.
Is ARCC profitable?
Yes, ARCC is profitable with a TTM net income of $1.1B and a net profit margin of +41.3%. Ares Capital Corporation has generated profits for 17 consecutive years.
What is ARCC's earnings growth rate?
ARCC compound annual EPS growth rates (CAGR): 1-Year: -23.8%, 3-Year: +16.1%, 5-Year: +10.3%, 10-Year: +4.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2004 to 2025.
What are ARCC's profit margins?
Ares Capital Corporation net profit margin is +41.3%, operating margin is +69.7%, and gross margin is +75.7%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +9.4%.
Is ARCC growing earnings?
ARCC earnings are declining — EPS fell -23.8% year-over-year. TTM net income dropped to $1.1B. This contrasts with the 5-year CAGR of +10.3%.
What was ARCC's best earnings year?
Ares Capital Corporation's highest annual net income on record is $1.6B, achieved in fiscal year 2021. Earnings history on this page spans 2004 to 2025 and includes all annual and quarterly figures.
What were ARCC's earnings last quarter?
ARCC's most recent reported quarter was Q1 2026. Net income was $92M with diluted EPS of $0.13. For a full breakdown of all quarters, see the quarterly earnings table on this page.