Saturday 17 October 2026
Export ARES’s income statement to Excel — free account
Ares Management Corporation
ARES Financial Asset Management
Ares Management Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.6 billion, up 44.2% from fiscal 2024. In the quarter to June 2026, revenue grew 5.81%, EPS grew 6.52%, free cash flow fell 197.9% and total debt rose 63.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.
112.27
1.76
−1.54%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
15.29 | 32.06 | 53.88 | 32.15 | 60.32 | 35.96 | 78.56 | 47.71 | 87.21 | 95.64 |
Piotroski F-Score |
4 | 1 | 3 | 4 | 2 | 4 | 2 | 4 | 6 | 5 |
P/S ratio |
1.20 | 1.12 | 1.78 | 2.18 | 3.60 | 3.16 | 3.93 | 5.87 | 9.03 | 6.27 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.99 | 11.00 |
P/Operating CF |
(4.11) | (2.46) | 5.58 | (9.56) | (14.50) | (17.68) | (62.97) | (38.04) | 43.41 | (72.63) |
P/B ratio |
1.40 | 1.42 | 1.56 | 2.47 | 2.92 | 3.49 | 3.16 | 4.76 | 6.53 | 4.87 |
Price to Tangible BV |
1.72 | 1.69 | 1.86 | 2.74 | 3.26 | 8.30 | 7.54 | 9.30 | 10.87 | 21.34 |
EV/Sales |
0.85 | 1.17 | (6.06) | 2.00 | 3.43 | 3.15 | 4.32 | 6.26 | 9.00 | 7.12 |
EV/EBITDA |
4.49 | 0.00 | 0.00 | 11.67 | 19.32 | 16.54 | 43.08 | 27.28 | 36.95 | 44.67 |
EV/Operating CF |
(1.71) | (0.93) | 4.10 | (1.69) | (14.23) | (5.11) | (17.98) | (97.54) | 12.52 | 12.21 |
EV/FCF |
(1.68) | (0.91) | 4.05 | (1.68) | (13.72) | (5.06) | (17.14) | (75.73) | 12.95 | 12.48 |
Quick Ratio |
0.43 | 0.15 | 1.04 | 0.12 | 0.14 | 0.16 | 0.14 | 0.16 | 0.29 | 0.24 |
Current Ratio |
0.43 | 0.15 | 1.04 | 0.12 | 0.14 | 0.95 | 0.98 | 1.02 | 1.16 | 1.22 |
Net Debt/EBITDA |
(1.61) | 9.88 | (64.48) | (0.94) | (0.84) | (0.05) | 1.86 | 1.36 | (0.09) | 3.98 |
Debt/Assets |
6.19% | 8.81% | 6.80% | 3.53% | 5.04% | 7.55% | 11.10% | 12.50% | 11.39% | 21.63% |
Debt/Equity |
0.26 | 0.52 | 0.50 | 0.23 | 0.31 | 0.43 | 0.64 | 0.69 | 0.42 | 0.71 |
Asset Turnover |
0.25 | 0.21 | 0.10 | 0.16 | 0.13 | 0.23 | 0.14 | 0.16 | 0.16 | 0.21 |
Operating CF/Net income |
(6.28) | (34.20) | (40.12) | (16.38) | (3.26) | (6.71) | (4.38) | (0.49) | 6.33 | 7.67 |
Capex/Depreciation |
(0.36) | (1.01) | (0.65) | (0.43) | (0.39) | (0.24) | (0.10) | (0.29) | (0.58) | (0.30) |
Interest Coverage |
2.17 | (0.17) | 0.36 | 1.02 | 1.01 | 2.72 | 0.63 | 0.97 | 0.97 | 1.16 |
| 9.73% | 4.86% | 3.13% | 9.58% | 6.99% | 12.92% | 4.40% | 11.47% | 8.96% | 6.77% | |
| 1.96% | 0.76% | 0.38% | 1.15% | 0.96% | 2.10% | 0.77% | 2.03% | 1.78% | 1.59% | |
ROIC |
15.82% | (1.01%) | 0.00% | 12.30% | 9.01% | 13.29% | 3.83% | 8.80% | 8.80% | 4.23% |
Return on Tangible Assets |
(4.27%) | (1.01%) | 9.89% | (1.50%) | (1.30%) | (56.04%) | (64.17%) | 147.73% | 20.30% | 14.83% |
Average Days of Receivables |
278.20 | 63.05 | 82.63 | 74.87 | 112.62 | 58.72 | 92.49 | 90.12 | 99.28 | 92.54 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
79.35% | 80.45% | 85.20% | 80.48% | 81.08% | 79.48% | 88.78% | 75.84% | 75.11% | 83.12% |
Intangible Assets out of Total Assets |
0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.10 | 0.10 | 0.09 | 0.09 | 0.19 |
Share Based Compensation of Revenue |
3.11% | 4.71% | 9.36% | 5.53% | 6.97% | 5.63% | 6.56% | 7.05% | 9.08% | 13.22% |
Graham Net Nets |
(1.79) | (3.73) | (0.20) | (2.35) | (1.75) | (0.27) | (0.33) | (0.17) | (0.05) | (0.48) |
Graham Number |
19.15 | 14.18 | 9.20 | 19.00 | 16.80 | 34.42 | 20.58 | 36.34 | 35.18 | 35.53 |
Earnings Yield |
6.54% | 3.12% | 1.86% | 3.11% | 1.66% | 2.78% | 1.27% | 2.10% | 1.15% | 1.05% |
Free Cash Flow Yield |
(42.34%) | (114.70%) | (84.08%) | (54.52%) | (6.95%) | (19.72%) | (6.42%) | (1.41%) | 7.70% | 9.09% |
Revenue per Share |
15.53 | 18.08 | 9.98 | 16.36 | 13.06 | 25.73 | 17.41 | 19.68 | 19.61 | 25.77 |
Operating CF per Share |
(7.75) | (22.76) | (14.76) | (19.30) | (3.15) | (15.86) | (4.18) | (1.26) | 14.09 | 15.03 |
Capex per Share |
(0.15) | (0.41) | (0.19) | (0.16) | (0.12) | (0.17) | (0.20) | (0.36) | (0.46) | (0.33) |
Free Cash Flow per Share |
(7.90) | (23.17) | (14.95) | (19.46) | (3.27) | (16.02) | (4.39) | (1.63) | 13.63 | 14.70 |
Cash per Share |
9.88 | 8.25 | 85.50 | 6.90 | 7.86 | 10.23 | 7.06 | 8.91 | 14.84 | 7.71 |
Shareholders Equity per Share |
17.06 | 17.84 | 14.52 | 17.22 | 18.30 | 23.30 | 21.64 | 24.25 | 34.46 | 39.92 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
17.06 | 17.84 | 14.52 | 17.22 | 18.30 | 23.30 | 21.64 | 24.25 | 34.46 | 39.92 |
Free Cash Flow |
(637.57) | (1,896.17) | (1,435.48) | (2,099.82) | (441.60) | (2,623.27) | (769.91) | (300.44) | 2,699.65 | 3,194.78 |
Working Capital |
(2,330.66) | (5,409.44) | 357.00 | (8,456.09) | (10,045.24) | (690.19) | (261.10) | 321.07 | 2,171.76 | 2,872.74 |
Capital Expenditures |
(11.91) | (33.16) | (18.42) | (16.80) | (15.94) | (27.23) | (35.80) | (67.18) | (91.51) | (72.18) |
Net Current Asset Value |
(2,691.52) | (6,163.81) | (333.23) | (9,048.76) | (11,090.75) | (3,622.74) | (4,000.03) | (3,636.26) | (1,878.22) | (4,015.75) |
EV/EBIT |
4.49 | 0.00 | 0.00 | 11.67 | 19.32 | 16.54 | 43.08 | 27.28 | 36.95 | 44.67 |
Capex to Sales |
0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 |
Price to Operating Income |
6.33 | 0.00 | 19.38 | 12.73 | 20.27 | 16.59 | 39.16 | 25.54 | 37.06 | 39.35 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cash ROIC |
(25.14%) | (65.61%) | (13.94%) | (69.37%) | (10.27%) | (36.84%) | (10.29%) | (3.26%) | 21.43% | 19.31% |
Accounts Receivable Turnover |
1.50 | 2.44 | 4.06 | 6.10 | 3.89 | 6.89 | 4.21 | 4.35 | 3.98 | 4.52 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
837.52 | 605.86 | 236.33 | 289.56 | 453.21 | 610.95 | 725.94 | 835.50 | 976.68 | 1,238.41 |
Average Payables |
758.36 | 1,143.22 | 1,360.16 | 1,457.01 | 1,561.55 | 2,731.00 | 3,571.87 | 3,459.69 | 3,861.50 | 4,646.90 |
Average Assets |
5,075.56 | 7,196.62 | 9,359.11 | 11,084.45 | 13,591.60 | 18,387.08 | 21,804.00 | 23,366.67 | 24,807.41 | 26,758.84 |
Average Common Equity |
1,023.45 | 1,120.02 | 1,128.56 | 1,327.71 | 1,866.43 | 2,993.72 | 3,806.52 | 4,136.47 | 4,919.87 | 6,290.74 |
Columns are period end dates