Ares Management Corp ARES

Financials SIC 6282 - Investment Advice NYSE

Ares is a leading global alternative investment manager with $622.5 billion of assets under management and over 4,250 employees in over 55 offices in more than 25 countries. We offer our investors a range of investment strategies and seek to deliver attractive performance to an investor base that includes over 2,850 direct institutional relationships and a significant retail investor base across our publicly-traded funds, sub-advised accounts and perpetual wealth vehicles. Since our inception in 1997, we have adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns through market cycles. Ares believes each of its distinct but complementary investment groups in Credit, Real Assets, Secondaries and Private Equity is a market leader based on assets under management and investment performance. We believe we create value for our stakeholders not only through our investment performance, but also by expanding our product offerings, enhancing our distribution channels, increasing our global presence, investing in our non-investment functions, securing strategic partnerships and completing strategic acquisitions and portfolio purchases.

Last close 140.15 2026-09-04
Market cap
52-week range 95.80 - 186.85

Valuation FY2025 figures against the last close

P/S
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $5.60B$3.88B$3.63B$3.06B$4.21B$1.76B$1.77B$958.5M$1.48B$964.8M
SG&A $996.1M$736.5M$660.1M$695.3M$444.2M$259.0M
Total operating expenses $4.71B$2.94B$2.80B$2.75B$3.41B$1.45B$1.46B$870.4M$1.50B$1.02B
Interest expense $71.4M$36.8M$24.9M$21.2M$18.0M
Pre-tax income $1.29B$1.28B$1.33B$510.8M$1.07B$379.5M$425.2M$184.3M$149.9M$297.9M
Income tax $198.5M$164.6M$173.0M$71.9M$147.4M$55.0M$52.4M$32.2M$23.1M$11.0M
Net income $426.1M$441.0M$474.3M$167.5M$386.7M$152.1M$148.9M$57.0M$76.2M$111.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $488.9M$1.51B$348.3M$390.0M$343.7M$539.8M$138.4M$110.2M$118.9M$342.9M
Goodwill $3.45B$1.16B$1.12B$999.7M$788.0M$371.0M$143.9M$143.8M$143.9M$143.7M
Other intangibles $798.4M$408.0M$490.7M$640.4M$768.8M$222.1M$8.0M$31.4M$40.5M$58.3M
Total assets $28.63B$24.88B$24.73B$22.00B$21.61B$15.17B$12.01B$10.15B$8.56B$5.83B
Total liabilities $19.93B$17.49B$19.71B$17.10B$16.69B$12.60B$10.16B$8.76B$7.10B$4.45B
Retained earnings -$1.45B-$837.3M-$495.1M-$369.5M-$89.4M-$151.8M-$50.8M-$29.3M$0
Total equity $4.28B$3.54B$4.47B$3.80B$3.81B$2.47B$1.86B$1.39B$1.44B$1.38B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.27B$2.79B-$233.3M-$734.1M-$2.60B-$425.7M-$2.08B-$1.42B-$1.86B-$625.7M
Depreciation and amortisation $45.2M$32.2M$31.4M$26.2M$22.1M$19.0M$17.1M$16.1M$12.6M$8.2M
Capital expenditure $18.4M$33.2M$11.9M
Investing cash flow -$1.80B-$159.4M-$111.1M-$337.4M-$1.08B-$136.8M-$16.8M-$18.4M-$33.2M-$11.9M
Financing cash flow -$2.43B-$1.43B$292.1M$1.13B$3.50B$943.9M$2.12B$1.41B$1.65B$880.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-026286.

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