ARES MANAGEMENT CORPORATION financials
Source: EDGAR filings · Built 2026-06-02T02:21:43Z
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Debt | 181.10M | -866.11M | -28.70M | -199.04M | -137.64M | -358.30M |
| Net Margin | 9.41% | 11.94% | 13.06% | 5.48% | 9.71% | 8.62% |
| Return on Equity (ROE) | 12.33% | 13.09% | 25.05% | 10.54% | 22.40% | 12.75% |
| Return on Assets (ROA) | 1.84% | 1.86% | 1.92% | 0.76% | 1.89% | 1.00% |
| Debt-to-Equity | 0.16× | 0.18× | 0.17× | 0.12× | 0.11× | 0.15× |
| Effective Tax Rate | 15.43% | 12.91% | 12.98% | 14.07% | 13.83% | 14.49% |
| Cash Conversion Ratio | 6.19× | 6.02× | -0.49× | -4.38× | -6.35× | -2.80× |
| Accruals Ratio | -0.10× | -0.09× | 0.03× | 0.04× | 0.14× | 0.04× |
| SBC % of Revenue | 13.22% | 9.08% | 7.05% | 6.56% | 5.63% | 6.97% |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 5.60B | 3.88B | 3.63B | 3.06B | 4.21B | 1.76B |
| Revenues | 4.76B | 3.69B | 3.24B | 2.88B | 2.29B | 1.75B |
| Selling, General and Administrative Expense | 996.08M | 736.50M | 660.15M | 695.26M | 444.18M | 259.00M |
| Operating Expenses | 4.71B | 2.94B | 2.80B | 2.75B | 3.41B | 1.45B |
| Income Tax Expense (Benefit) | 198.53M | 164.62M | 172.97M | 71.89M | 147.38M | 54.99M |
| Net Income (Loss) Attributable to Parent | 527.36M | 463.74M | 474.33M | 167.54M | 408.84M | 152.14M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Assets | 28.63B | 24.88B | 24.73B | 22.00B | 21.61B | 15.17B |
| Liabilities | 19.93B | 17.49B | 19.71B | 17.10B | 16.69B | 12.60B |
| Stockholders' Equity Attributable to Parent | 4.28B | 3.54B | 1.89B | 1.59B | 1.83B | 1.19B |
| Common Stock, Shares, Outstanding | — | 313.17M | 307.59M | 294.61M | 290.45M | 259.63M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 3.27B | 2.79B | -233.26M | -734.11M | -2.60B | -425.66M |
| Net Cash Provided by (Used in) Investing Activities | -1.80B | -159.40M | -111.08M | -337.38M | -1.08B | -136.76M |
| Payments of Dividends | 21.03M | 16.10M | — | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -2.43B | -1.43B | 292.13M | 1.13B | 3.50B | 943.89M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Debt | 161.35M | 181.10M | 179.70M | 177.09M | 67.50M | -866.11M |
| Net Margin | 10.21% | 3.60% | 17.43% | 10.15% | 4.33% | 14.08% |
| Return on Equity (ROE) | 3.54% | 1.27% | 6.46% | 3.14% | 1.06% | 5.00% |
| Return on Assets (ROA) | 0.50% | 0.19% | 1.07% | 0.50% | 0.17% | 0.71% |
| Debt-to-Equity | 0.18× | 0.16× | 0.15× | 0.16× | 0.15× | 0.18× |
| Effective Tax Rate | 19.13% | 3.94% | 17.15% | 21.24% | 12.43% | 12.47% |
| Cash Conversion Ratio | 2.85× | -8.92× | 12.98× | 17.58× | 42.28× | 4.55× |
| Accruals Ratio | -0.01× | 0.02× | -0.13× | -0.08× | -0.07× | -0.03× |
| SBC % of Revenue | 14.58% | 10.46% | 9.66% | 12.23% | 23.68% | 6.88% |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.40B | 1.50B | 1.66B | 1.35B | 1.09B | 1.26B |
| Revenues | 1.30B | 1.56B | 1.15B | 1.04B | 1.00B | 1.24B |
| Selling, General and Administrative Expense | 240.44M | 289.85M | 246.15M | 232.16M | 227.91M | 199.12M |
| Operating Expenses | 1.17B | 1.25B | 1.31B | 1.14B | 1.01B | 980.77M |
| Income Tax Expense (Benefit) | 59.87M | 8.15M | 111.89M | 60.96M | 17.54M | 49.86M |
| Net Income (Loss) Attributable to Parent | 142.59M | 54.25M | 288.88M | 137.06M | 47.17M | 177.32M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Assets | 28.39B | 28.63B | 27.03B | 27.26B | 27.18B | 24.88B |
| Liabilities | 20.01B | 19.93B | 18.40B | 18.43B | 18.39B | 17.49B |
| Stockholders' Equity Attributable to Parent | 4.03B | 4.28B | 4.47B | 4.36B | 4.45B | 3.54B |
| Common Stock, Shares, Outstanding | — | — | — | — | — | 313.17M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 406.51M | -483.69M | 3.75B | 2.41B | 1.99B | 807.62M |
| Net Cash Provided by (Used in) Investing Activities | -7.17M | -21.08M | -1.78B | -1.77B | -1.74B | -63.52M |
| Payments of Dividends | 25.44M | 21.03M | 21.09M | 20.96M | 21.49M | 16.10M |
| Net Cash Provided by (Used in) Financing Activities | -292.91M | 542.86M | -2.97B | -1.74B | -1.18B | 478.16M |
Raw XBRL tagging for a single filing
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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.