Ares Management Corporation
ARES · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 3.06B | 1.56B | 306.36M | 167.54M | 0.87 |
| 2023 FY | 3.63B | 2.15B | 834.03M | 474.33M | 2.46 |
| 2024 FY | 3.88B | 2.15B | 946.09M | 463.74M | 2.07 |
| 2025 FY | 6.47B | 4.84B | 1.76B | 527.36M | 1.96 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 22.00B | 18.20B | 1.11B | 13.33B | 1.59B |
| 2023 FY | 24.73B | 20.26B | 1.50B | 15.76B | 1.89B |
| 2024 FY | 24.88B | 18.06B | 2.74B | 13.15B | 3.54B |
| 2025 FY | 28.99B | 20.29B | 1.50B | 14.91B | 4.28B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | -734.11M | -35.80M | -769.91M | -836.36M | 46.33M |
| 2023 FY | -233.26M | -67.18M | -300.44M | -1.03B | -41.71M |
| 2024 FY | 2.79B | -91.51M | 2.70B | -1.31B | 1.16B |
| 2025 FY | 3.27B | -72.18M | 3.19B | -1.76B | -1.02B |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 17.94B | 30.16B | — | — | — |
| 2023 FY | 32.77B | 47.03B | — | — | — |
| 2024 FY | 52.37B | 62.78B | — | — | — |
| 2025 FY | 52.47B | 65.89B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 1.35B | 706.42M | 212.55M | 137.06M | 0.46 |
| 2025 Q3 | 1.66B | 997.79M | 349.41M | 288.88M | 1.15 |
| 2025 Q4 | 1.77B | 1.28B | 517.13M | 54.25M | 0.13 |
| 2026 Q1 | 1.53B | 1.47B | 364.95M | 142.59M | 0.52 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 27.26B | 19.01B | 1.53B | 13.47B | 4.36B |
| 2025 Q3 | 27.03B | 18.43B | 1.50B | 12.73B | 4.47B |
| 2025 Q4 | 28.99B | 20.29B | 1.50B | 14.91B | 4.28B |
| 2026 Q1 | 28.39B | 20.01B | 1.44B | 14.15B | 4.03B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 415.70M | -22.92M | 392.78M | -428.17M | -108.88M |
| 2025 Q3 | 1.34B | -11.49M | 1.33B | -423.68M | -12.99M |
| 2025 Q4 | -483.69M | -15.79M | -499.48M | -459.75M | -7.77M |
| 2026 Q1 | 406.52M | -15.64M | 390.87M | -522.75M | -9.90M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 56.63B | 68.57B | — | — | — |
| 2025 Q3 | 52.51B | 63.74B | — | — | — |
| 2025 Q4 | 53.39B | 66.80B | — | — | — |
| 2026-03-31 | — | — | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |