20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Ares Management LP (ARES) operates in the Asset Management & Custody Banks industry and is headquartered in Los Angeles, United States with about 4,343 employees. Its market capitalization is roughly $41 billion. In the fiscal year ended 2025-12-31, ARES reported $6.5B in revenue and $527M in net income.
Ares Management Corporation operates as an alternative asset manager. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies.
Interactive charts & full statements → Open the ARES valuation workbench →
| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $6.2B | $6.5B | $3.9B | $3.6B | $3.1B | $4.2B | $1.8B | $1.8B | $958M | $1.5B | $1.3B | $814M | $604M | $479M | $334M | $2.7B |
| Gross Profit | $4.2B | $4.8B | $2.2B | $2.1B | $1.6B | $3.0B | $997M | $1.1B | $388M | $966M | $807M | $400M | $148M | $145M | $45M | $6M |
| Gross Margin % | 68.2% | 74.8% | 55.4% | 59.1% | 50.9% | 72.4% | 56.5% | 63.0% | 40.5% | 65.3% | 64.3% | 49.1% | 24.4% | 30.2% | 13.6% | 0.2% |
| Operating Income (EBIT) | $1.3B | $1.8B | $946M | $834M | $306M | $802M | $314M | $303M | $88M | ($89M) | $183M | $45M | ($256M) | ($323M) | ($424M) | ($261M) |
| Operating Margin % | 21.6% | 27.2% | 24.3% | 23.0% | 10.0% | 19.0% | 17.8% | 17.1% | 9.2% | -6.0% | 14.6% | 5.6% | -42.4% | -67.5% | -127.1% | -9.8% |
| Net Income | $725M | $527M | $464M | $474M | $168M | $409M | $152M | $149M | $57M | $76M | $112M | $19M | $35M | $180M | $221M | $97M |
| Net Margin % | 11.8% | 8.2% | 11.9% | 13.1% | 5.5% | 9.7% | 8.6% | 8.4% | 5.9% | 5.1% | 8.9% | 2.4% | 5.8% | 37.7% | 66.0% | 3.6% |
| EBITDA | $2.6B | $2.3B | $2.4B | $2.4B | $1.3B | $1.5B | $732M | $762M | $457M | $331M | $445M | $235M | $1.3B | $1.5B | $1.7B | $1.3B |
| Earnings Per Share (EPS) | $3.25 | $2.43 | $2.34 | $2.42 | $0.95 | $2.27 | $1.02 | $1.24 | $0.59 | $0.93 | $1.35 | $0.24 | $0.44 | $1.92 | $2.34 | $1.22 |
| Shares Outstanding (M) | 226M | 217M | 198M | 196M | 176M | 180M | 150M | 120M | 96M | 82M | 83M | 81M | 80M | 94M | 94M | 80M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.4B | $1.5B | $1.5B | $1.7B | $1.4B | $1.1B | $1.3B | $1.1B |
| Gross Profit | $249M | $1.5B | $1.5B | $998M | $706M | $432M | $796M | $694M |
| Gross Margin % | 17.4% | 96.1% | 96.1% | 60.2% | 52.3% | 39.6% | 63.2% | 61.4% |
| Operating Income (EBIT) | $249M | $365M | $365M | $349M | $213M | $74M | $278M | $275M |
| Operating Margin % | 17.4% | 23.8% | 23.8% | 21.1% | 15.7% | 6.8% | 22.1% | 24.3% |
| Net Income | $151M | $143M | $143M | $289M | $137M | $47M | $177M | $118M |
| Net Margin % | 10.5% | 9.3% | 9.3% | 17.4% | 10.2% | 4.3% | 14.1% | 10.5% |
| EBITDA | $542M | $562M | $562M | $921M | $476M | $330M | $686M | $558M |
| Earnings Per Share (EPS) | $0.67 | $0.64 | $0.64 | $1.31 | $0.63 | $0.23 | $0.82 | $0.59 |
| Shares Outstanding (M) | 226M | 224M | 224M | 220M | 219M | 209M | 215M | 201M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $912M | $3.3B | $2.8B | ($233M) | ($734M) | ($2.6B) | ($426M) | ($2.1B) | $428M | ($1.9B) | ($626M) | ($528M) | $1.5B | $2.2B | $2.7B | $2.5B |
| Capital Expenditures (CapEx) | $76M | $72M | $92M | $67M | $36M | $27M | $16M | $17M | $18M | $33M | $12M | $11M | $17M | $12M | $13M | $32M |
| Free Cash Flow (FCF) | $836M | $3.2B | $2.7B | ($300M) | ($770M) | ($2.6B) | ($442M) | ($2.1B) | $410M | ($1.9B) | ($638M) | ($539M) | $1.5B | $2.2B | $2.7B | $2.5B |
| FCF Margin % | 13.6% | 49.4% | 69.5% | -8.3% | -25.2% | -62.3% | -25.0% | -118.9% | 42.7% | -128.1% | -50.8% | -66.1% | 251.0% | 451.8% | 818.8% | 91.8% |
| Dividends Paid | $1.9B | $1.8B | $1.3B | $1.0B | $836M | $604M | $468M | $345M | $157M | $283M | $213M | $218M | $330M | $420M | $231M | $259M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | ($351M) | $407M | ($484M) | $1.3B | $416M | $2.0B | $808M | $841M |
| Capital Expenditures (CapEx) | $33M | $16M | $16M | $11M | $23M | $22M | $9M | $27M |
| Free Cash Flow (FCF) | ($384M) | $391M | ($499M) | $1.3B | $393M | $2.0B | $798M | $814M |
| FCF Margin % | -26.9% | 25.5% | -32.6% | 80.2% | 29.1% | 181.1% | 63.4% | 72.1% |
| Dividends Paid | $514M | $523M | $460M | $424M | $428M | $445M | $342M | $564M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.6B | $29.0B | $24.9B | $24.7B | $22.0B | $21.6B | $15.2B | $12.0B | $10.2B | $8.6B | $5.8B | $4.3B | $21.6B | $23.7B | $24.5B | $23.7B |
| Cash & Cash Equivalents | $1.9B | $1.5B | $2.7B | $1.5B | $1.1B | $1.4B | $1.1B | $745M | $495M | $675M | $798M | $281M | $1.5B | $1.7B | $1.8B | $1.6B |
| Total Liabilities | $21.0B | $20.3B | $18.1B | $20.3B | $18.2B | $17.8B | $12.7B | $10.2B | $8.8B | $7.1B | $4.5B | $3.4B | $14.9B | $17.2B | $17.5B | $16.0B |
| Total Debt (Short + Long-Term) | $11.5B | $12.8B | $12.5B | $15.4B | $2.4B | $12.3B | $765M | $423M | $689M | $5.9B | $3.4B | $2.6B | $13.6B | $15.6B | $16.5B | $2.0B |
| Total Shareholders' Equity | $4.0B | $4.3B | $3.5B | $1.9B | $1.6B | $1.8B | $1.2B | $768M | $588M | $1.5B | $1.4B | $968M | $284M | $6.4B | $494M | $355M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive ARES viewer.
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