Ares Management Corp (ARES)
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.
- Ticker
- ARES
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Asset Management
- Market cap
- $44.26B
- 52-week range
- $95.80 - $181.19
Valuation
- Share price
- $133.98 (close of Nov 6, 2026)
- P/E (TTM)
- 69.69x
- Price to book
- 5.22x
- Price to free cash flow
- -85.95x
- Enterprise value
- $44.50B
- Book value per share
- $25.66
Price performance
| Period | Change |
|---|---|
| 1 day | +0.19% |
| 5 days | +4.55% |
| 1 month | +13.79% |
| 3 months | -3.03% |
| 6 months | +8.17% |
| Year to date | -17.11% |
| 1 year | -11.42% |
| 3 years | +28.78% |
| 5 years | +56.41% |
| 10 years | +764.39% |
| All time | +620.32% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 14.59%
- Shares short
- 15.64M
- Days to cover
- 6.98
- Change since prior report
- +1.03%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed ARES trades
Jefferson Shreve · Ritchie Torres · Val Hoyle · John Boozman
Super investors holding ARES
Vulcan Value Partners (Vulcan Value Partners, LLC) · Dan Loeb (Third Point LLC) · Ken Griffin (Citadel) · George Soros (Soros Fund Mgmt)
Profitability and growth
- Return on equity
- 6.08%
- Return on assets
- 1.84%
- Net margin
- 9.41%
- Revenue growth
- 44.19%
- Net income growth
- 13.72%
- Free cash flow growth
- 17.05%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -1.16%
- Net debt to EBITDA
- 0.16x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Revenue
- $5.60B
- Net income
- $527.36M
- Earnings per share
- $-2.77
- Shares outstanding
- 217.36M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2025-12-31 | $5.60B | $527.36M | -$2.77 |
| 2024-12-31 | $3.88B | $463.74M | $1.49 |
| 2023-12-31 | $3.63B | $474.33M | $1.58 |
| 2022-12-31 | $3.06B | $167.54M | $0.57 |
| 2021-12-31 | $4.21B | $408.84M | $1.49 |
| 2020-12-31 | $1.76B | $152.14M | $0.81 |
| 2019-12-31 | $1.77B | $148.88M | $1.37 |
| 2018-12-31 | $1.22B | $57.02M | $0.00 |
| 2017-12-31 | $1.48B | $76.18M | $0.62 |
| 2016-12-31 | $964.80M | $111.81M | $1.22 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|---|---|
| 2025-12-31 | 9.41% | 6.08% |
| 2024-12-31 | 11.94% | 6.80% |
| 2023-12-31 | 13.06% | 10.60% |
| 2022-12-31 | 5.48% | 4.41% |
| 2021-12-31 | 9.71% | 10.72% |
| 2020-12-31 | 8.62% | 6.16% |
| 2019-12-31 | 8.43% | 8.01% |
| 2018-12-31 | 4.68% | 4.09% |
| 2017-12-31 | 5.15% | 5.30% |
| 2016-12-31 | 11.59% | 8.12% |
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-12-31 | $488.90M |
| 2024-12-31 | $1.51B |
| 2023-12-31 | $348.27M |
| 2022-12-31 | $389.99M |
| 2021-12-31 | $343.65M |
| 2020-12-31 | $539.81M |
| 2019-12-31 | $138.38M |
| 2018-12-31 | $110.25M |
| 2017-12-31 | $118.93M |
| 2016-12-31 | $342.86M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $3.27B | $740.55M |
| 2024-12-31 | $2.79B | $352.85M |
| 2023-12-31 | -$233.26M | $255.97M |
| 2022-12-31 | -$734.11M | $200.39M |
| 2021-12-31 | -$2.60B | $237.19M |
| 2020-12-31 | -$425.66M | $122.99M |
| 2019-12-31 | -$2.08B | $97.69M |
| 2018-12-31 | -$1.44B | $89.72M |
| 2017-12-31 | -$1.90B | $69.71M |
| 2016-12-31 | -$637.57M | $39.06M |
Dividend history
- Most recent payment
- Sep 16, 2026
- Paid in the last twelve months
- $5.17
| Payment date | Dividend per share |
|---|---|
| 2026-09-16 | $1.35 |
| 2026-06-16 | $1.35 |
| 2026-03-17 | $1.35 |
| 2025-12-17 | $1.12 |
| 2025-09-16 | $1.12 |
| 2025-06-16 | $1.12 |
| 2025-03-17 | $1.12 |
| 2024-12-17 | $0.93 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-10-29 | Sep 2026 | $1.25 |
| 2026-07-31 | Jun 2026 | $1.29 |
| 2026-05-01 | Mar 2026 | $1.32 |
| 2026-02-05 | Dec 2025 | $1.71 |
| 2025-11-03 | Sep 2025 | $1.14 |
| 2025-08-01 | Jun 2025 | $1.11 |
| 2025-05-05 | Mar 2025 | $0.94 |
| 2025-02-05 | Dec 2024 | $1.29 |
Filings and sources
- Company website
- ares.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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