ARES · Ares Management Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.40B | - | $1.66B | $1.35B | $1.09B | - | $1.13B | $874.91M | $735.81M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $240.44M | - | $246.15M | $232.16M | $227.91M | - | $197.02M | $169.43M | $170.93M | - |
| Total Operating Expenses | $1.17B | - | $1.31B | $1.14B | $1.01B | - | $854.89M | $564.54M | $538.49M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $312.92M | - | $652.27M | $286.94M | $141.04M | - | $327.11M | $317.32M | $231.05M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $59.87M | - | $111.89M | $60.96M | $17.54M | - | $46.45M | $41.07M | $27.23M | - |
| Net Income | $142.59M | - | $118.46M | $137.06M | $73.03M | - | $118.46M | $94.94M | $73.03M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $568.78M | $488.90M | $496.67M | $509.66M | $618.54M | $1.51B | $350.14M | $284.44M | $346.33M | $348.27M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $28.39B | $28.63B | $27.03B | $27.26B | $27.18B | $24.88B | $24.52B | $24.19B | $24.41B | $24.73B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $20.01B | $19.93B | $18.40B | $18.43B | $18.39B | $17.49B | $18.64B | $18.44B | $19.38B | $19.71B |
| Stockholders' Equity | $4.03B | $4.28B | $4.47B | $4.36B | $4.45B | $3.54B | $2.08B | $2.00B | $1.77B | $1.89B |
| Retained Earnings | ($1.66B) | ($1.45B) | ($1.22B) | ($1.22B) | ($1.07B) | ($837.29M) | ($792.40M) | ($712.86M) | ($612.56M) | ($495.08M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $406.51M | - | - | - | $1.99B | - | - | - | $710.04M | - |
| Investing Cash Flow | ($7.17M) | - | - | - | ($1.74B) | - | - | - | ($34.07M) | - |
| Financing Cash Flow | ($292.91M) | - | - | - | ($1.18B) | - | - | - | ($666.63M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 22.4% | - | 39.3% | 21.3% | 13.0% | - | 29.0% | 36.3% | 31.4% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 10.2% | - | 7.1% | 10.2% | 6.7% | - | 10.5% | 10.9% | 9.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 17.2% | - | 14.8% | 17.2% | 20.9% | - | 17.4% | 19.4% | 23.2% | - |
| Effective tax rate | 29.6% | - | 48.6% | 30.8% | 19.4% | - | 28.2% | 30.2% | 27.2% | - |
| Return on assets | 0.5% | - | 0.4% | 0.5% | 0.3% | - | 0.5% | 0.4% | 0.3% | - |
| Return on equity | 3.5% | - | 2.6% | 3.1% | 1.6% | - | 5.7% | 4.7% | 4.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 7.05 | 6.70 | 6.04 | 6.25 | 6.10 | 7.02 | 11.81 | 12.09 | 13.81 | 13.06 |
| Liabilities / Assets | 0.70 | 0.70 | 0.68 | 0.68 | 0.68 | 0.70 | 0.76 | 0.76 | 0.79 | 0.80 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.06 | 0.05 | 0.04 | - | 0.05 | 0.04 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 28.3% | - | 46.7% | 54.3% | 48.0% | - | 66.7% | -20.0% | - | - |
| Revenue CAGR (3y) | - | - | 27.4% | 30.2% | 15.0% | - | 6.0% | -12.2% | 3.8% | - |
| Revenue CAGR (5y) | 16.2% | - | 27.6% | 17.5% | 20.5% | - | 32.9% | 25.0% | 19.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 121.9% | - | 99.4% | -9.6% | -39.0% | - | 44.2% | -16.9% | - | - |
| Net income growth (YoY) | 95.3% | - | 0.0% | 44.4% | 0.0% | - | 91.6% | -34.3% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -9.6% | 20.7% | 115.5% | 117.9% | 152.0% | 87.2% | 19.8% | 14.4% | 5.8% | 19.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$5.86B totalManagement Service$3.68B · 62.8%
Carried Interest$1.15B · 19.7%
Management Service Incentive$362.45M · 6.2%
Administrative Service$356.44M · 6.1%
Fee Related Performance Revenues$210.36M · 3.6%
Service Other$52.90M · 0.9%
Principal Investment Income Loss$48.15M · 0.8%
Peer comparison
Same SIC group: Investment Advice
Comparing Ares Management Corp against the 5 most active filers in the same SIC group.
Dividends
$4.71/share trailing 12 months · +20.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 17, 2026 | $1.3500 |
| Dec 17, 2025 | $1.1200 |
| Sep 16, 2025 | $1.1200 |
| Jun 16, 2025 | $1.1200 |
| Mar 17, 2025 | $1.1200 |
| Dec 17, 2024 | $0.9300 |
| Sep 16, 2024 | $0.9300 |
| Jun 14, 2024 | $0.9300 |
| Mar 14, 2024 | $0.9300 |
| Dec 14, 2023 | $0.7700 |
| Sep 14, 2023 | $0.7700 |
| Jun 15, 2023 | $0.7700 |
| Mar 16, 2023 | $0.7700 |
| Dec 15, 2022 | $0.6100 |
| Sep 15, 2022 | $0.6100 |
| Jun 15, 2022 | $0.6100 |
| Mar 16, 2022 | $0.6100 |
| Dec 16, 2021 | $0.4700 |
| Sep 15, 2021 | $0.4700 |
| Jun 15, 2021 | $0.4700 |
| Mar 16, 2021 | $0.4700 |
| Dec 16, 2020 | $0.4000 |
| Sep 15, 2020 | $0.4000 |
| Jun 15, 2020 | $0.4000 |