ARES MANAGEMENT CORPORATION financials

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ARES CIK 0001176948

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T09:55:08Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2023FY 2022FY 2021
Net Margin 9.41% 11.94% 13.06% 22.21% 5.48% 9.71%
Return on Equity (ROE) 12.33% 13.09% 25.05% 10.82% 10.54% 22.40%
Return on Assets (ROA) 1.84% 1.86% 1.92% 0.82% 0.76% 1.89%
Debt-to-Equity 0.1567 0.1811 0.1688 0.1146 0.1201 0.1129
Effective Tax Rate 15.43% 12.91% 12.98% 14.02% 14.07% 13.83%
Cash Conversion Ratio 6.1949 6.0188 -0.4918 3.9174 -4.3817 -6.3498
Accruals Ratio -0.0957 -0.0935 0.0286 -0.024 0.041 0.1391
SBC % of Revenue 13.22% 9.08% 7.05% 8.51% 6.56% 5.63%

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2023FY 2022FY 2021
P/S — 14.2712 10.0714 30.961 6.5992 5.6041
P/B — 15.645 19.3187 15.0803 12.6875 12.9326

Income Statement

Concept FY 2025FY 2024FY 2023FY 2023FY 2022FY 2021
Revenue from Contract with Customer, Excluding Assessed Tax 5.60B 3.88B 3.63B 813.36M 3.06B 4.21B
Revenues 4.76B 3.69B 3.24B 653.68M 2.88B 2.29B
Selling, General and Administrative Expense 996.08M 736.50M 660.15M 148.34M 695.26M 444.18M
Operating Expenses 4.71B 2.94B 2.80B 628.64M 2.75B 3.41B
Income Tax Expense (Benefit) 198.53M 164.62M 172.97M 33.81M 71.89M 147.38M
Net Income (Loss) Attributable to Parent 527.36M 463.74M 474.33M — 167.54M 408.84M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2023FY 2022FY 2021
Assets 28.63B 24.88B 24.73B 21.93B 22.00B 21.61B
Liabilities 19.93B 17.49B 19.71B 17.34B 17.10B 16.69B
Stockholders' Equity Attributable to Parent 4.28B 3.54B 1.89B 1.67B 1.59B 1.83B
Common Stock, Shares, Outstanding — 313.17M 307.59M 301.80M 294.61M 290.45M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2023FY 2022FY 2021
Net Cash Provided by (Used in) Operating Activities 3.27B 2.79B -233.26M 707.57M -734.11M -2.60B
Net Cash Provided by (Used in) Investing Activities -1.80B -159.40M -111.08M -8.88M -337.38M -1.08B
Payments of Dividends 21.03M 16.10M — — — —
Net Cash Provided by (Used in) Financing Activities -2.43B -1.43B 292.13M -821.14M 1.13B 3.50B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

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Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

16 concepts 2 units
Unit US$ · 15 concepts
Label Value Period
Revenue from Contract with Customer, Excluding Assessed Tax 5.60B 2025-01-01 → 2025-12-31
Revenues 4.76B 2025-01-01 → 2025-12-31
Amortization of Intangible Assets 193.40M 2025-01-01 → 2025-12-31
Goodwill, Impairment Loss 0 2025-01-01 → 2025-12-31
Labor and Related Expense 2.57B 2025-01-01 → 2025-12-31
Selling, General and Administrative Expense 996.08M 2025-01-01 → 2025-12-31
Operating Expenses 4.71B 2025-01-01 → 2025-12-31
Nonoperating Income (Expense) 394.18M 2025-01-01 → 2025-12-31
Income (Loss) from Equity Method Investments 319.29M 2025-01-01 → 2025-12-31
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.29B 2025-01-01 → 2025-12-31
Income Tax Expense (Benefit) 198.53M 2025-01-01 → 2025-12-31
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 834.45M 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 1.35M 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Parent 527.36M 2025-01-01 → 2025-12-31
Net Income (Loss) Available to Common Stockholders, Basic 426.11M 2025-01-01 → 2025-12-31
Unit US$ / share · 1 concept
Label Value Period
Common Stock, Dividends, Per Share, Declared $1.12 2025-10-01 → 2025-12-31

Comprehensive Income

2 concepts 1 unit

Balance Sheet

13 concepts 1 unit
Unit US$ · 13 concepts
Label Value Period
Goodwill 3.45B as of 2025-12-31
Finite-Lived Intangible Assets, Gross 1.34B as of 2025-12-31
Finite-Lived Intangible Assets, Accumulated Amortization 550.27M as of 2025-12-31
Finite-Lived Intangible Assets, Net 798.43M as of 2025-12-31
Operating Lease, Liability 670.00M as of 2025-12-31
Assets 28.63B as of 2025-12-31
Liabilities 19.93B as of 2025-12-31
Additional Paid in Capital 4.24B as of 2025-12-31
Accumulated Other Comprehensive Income (Loss), Net of Tax 21.74M as of 2025-12-31
Retained Earnings (Accumulated Deficit) -1.45B as of 2025-12-31
Stockholders' Equity Attributable to Parent 4.28B as of 2025-12-31
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 8.68B as of 2025-12-31
Liabilities and Equity 28.63B as of 2025-12-31

Cash Flow Statement

18 concepts 1 unit
Unit US$ · 18 concepts
Label Value Period
Income Taxes Paid 91.33M 2025-01-01 → 2025-12-31
Depreciation 45.20M 2025-01-01 → 2025-12-31
Foreign Currency Transaction Gain (Loss), Realized -17.00M 2025-01-01 → 2025-12-31
Operating Lease, Payments 68.04M 2025-01-01 → 2025-12-31
Interest Paid, Excluding Capitalized Interest, Operating Activities 675.80M 2025-01-01 → 2025-12-31
Deferred Income Tax Expense (Benefit) 83.11M 2025-01-01 → 2025-12-31
IncomeTaxPaidFederalAfterRefundReceived 35.70M 2025-01-01 → 2025-12-31
IncomeTaxPaidStateAndLocalAfterRefundReceived 26.78M 2025-01-01 → 2025-12-31
IncomeTaxPaidForeignAfterRefundReceived 28.86M 2025-01-01 → 2025-12-31
Income Taxes Paid, Net 91.33M 2025-01-01 → 2025-12-31
Increase (Decrease) in Equity Securities, FV-NI 258.15M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Operating Activities 3.27B 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Investing Activities -1.80B 2025-01-01 → 2025-12-31
Payments of Dividends 21.03M 2025-10-01 → 2025-12-31
Net Cash Provided by (Used in) Financing Activities -2.43B 2025-01-01 → 2025-12-31
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents -55.23M 2025-01-01 → 2025-12-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -1.02B 2025-01-01 → 2025-12-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 488.90M as of 2025-12-31

Notes

51 concepts 3 units
Unit US$ · 39 concepts
Label Value Period
Current Income Tax Expense (Benefit) 115.42M 2025-01-01 → 2025-12-31
Share-based Payment Arrangement, Expense 740.55M 2025-01-01 → 2025-12-31
Dividends 2.60B 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount 270.25M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount 24.21M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount 699.00K 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount 12.86M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount 1.70M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Amount 19.71M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount 2.87M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Amount 124.35M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount -950.00K 2025-01-01 → 2025-12-31
Finite-Lived Intangible Asset, Expected Amortization, Year One 184.90M as of 2025-12-31
Finite-Lived Intangible Asset, Expected Amortization, Year Two 174.25M as of 2025-12-31
Finite-Lived Intangible Asset, Expected Amortization, Year Three 143.23M as of 2025-12-31
Finite-Lived Intangible Asset, Expected Amortization, Year Four 112.95M as of 2025-12-31
Finite-Lived Intangible Asset, Expected Amortization, Year Five 70.40M as of 2025-12-31
Finite-Lived Intangible Asset, Expected Amortization, after Year Five 112.70M as of 2025-12-31
Guarantor Obligations, Maximum Exposure, Undiscounted 7.10M as of 2025-12-31
Intangible Assets, Gross (Excluding Goodwill) 2.12B as of 2025-12-31
Net Income (Loss) Available to Common Stockholders, Diluted 383.54M 2025-01-01 → 2025-12-31
Stock Issued During Period, Value, New Issues 1.66B 2025-01-01 → 2025-12-31
Goodwill, Acquired During Period 2.29B 2025-01-01 → 2025-12-31
Goodwill, Foreign Currency Translation Gain (Loss) 6.23M 2025-01-01 → 2025-12-31
Operating Lease, Cost 88.62M 2025-01-01 → 2025-12-31
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 53.57M 2025-01-01 → 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year One 72.61M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Two 69.71M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Three 79.76M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Four 74.02M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Five 72.38M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, after Year Five 645.50M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid 1.01B as of 2025-12-31
Deferred Tax Assets, Valuation Allowance 900.00K as of 2025-12-31
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 343.98M as of 2025-12-31
Unrecognized Tax Benefits 0 as of 2025-12-31
Income (Loss) from Continuing Operations before Income Taxes, Domestic 1.10B 2025-01-01 → 2025-12-31
Income (Loss) from Continuing Operations before Income Taxes, Foreign 184.53M 2025-01-01 → 2025-12-31
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 740.55M 2025-01-01 → 2025-12-31
Unit shares · 1 concept
Label Value Period
Investment Owned, Balance, Shares 327.03M as of 2025-12-31
Unit pure · 11 concepts
Label Value Period
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent 0.019 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Percent 0.001 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent 0.01 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent 0.001 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Percent 0.015 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent 0.002 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Noncontrolling Interest Income (Loss), Percent 0.096 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent -0.001 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Percent 0.153 2025-01-01 → 2025-12-31
Operating Lease, Weighted Average Discount Rate, Percent 0.058 as of 2025-12-31

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (ARES CIK 0001176948), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.