FirmAtlas

Company handbook · ARES · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17

ARES · CIK 1176948 · LATEST FILING: 10-Q JUN '26 · FILED AUG 7, 2026

ARES MANAGEMENT CORPORATION

$112.27 −1.76 (−1.54%)

Close, Oct 16, 2026 · 52-week $96–181

↗ ares.com

Last fiscal year

ARES MANAGEMENT CORPORATION reported revenue of $5.6B for the year ended Dec 31, 2025 (FY25), up 44.2% from FY24. Net income was $527M and operating cash flow $3.3B. Source: 10-K filed Feb 25, 2026.

Div yield

4.60%

Revenue 1Y

44.2%/yr

EPS 1Y

n/m

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Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOMichael J Arougheti

HQLos Angeles, CA

AuditorErnst & Young LLP

Employees4,250

Year endsDecember

Revenue by segment · FY25

Management Service66%

Carried Interest21%

Management Service Incentive6%

Administrative Service6%

Principal Investment Income1%

Compounded growth & averages

10Y

TTM

Share price

20.1%

7.9%

0.7%

−20.5%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Sources 10-K FY25 10-Q Jun '26 All filings on EDGAR

Latest filings

Jul 31, 2026 Quarterly results 8-K Jul 10, 2026 Quarterly results 8-K Jun 11, 2026 Shareholder vote results 8-K May 28, 2026 Material agreement 8-K May 1, 2026 Quarterly results 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

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Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Revenue

3,885

5,601+44.2%

5,988

YoY

+44.2%

Interest expense

867

676−22.0%

—

Net income

464

527+13.7%

636

YoY

+13.7%

Net margin

11.9%

9.4%−2.5 pp

—

EPS (diluted, $)

1.48

—

YoY

Balance sheet

FY24 FY25

TTM

Total assets

24,884

28,633+15.1%

29,631

Cash & short-term investments

1,508

489−67.6%

—

Other assets

23,376

28,144+20.4%

—

Total liabilities

21,341

24,358+14.1%

25,663

Other liabilities

21,341

24,358+14.1%

—

Shareholders’ equity

3,544

4,275+20.7%

3,968

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

2,791

3,267+17.0%

912

Net income

815

834+2.4%

—

Depreciation & amortization

45+40.4%

—

Stock-based compensation

353

741+109.9%

—

Working capital & other

1,591

1,647+3.5%

—

Cash from investing

(159)

(1,804)n/m

—

Other investing

(159)

(1,804)n/m

—

Cash from financing

(1,432)

(2,427)n/m

—

Other financing

(1,432)

(2,427)n/m

—

Net change in cash

1,160

(1,019)−187.9%

—

Where the cash went

FY24 FY25

TTM

Operating cash flow

2,791

3,267+17.0%

912

Returns & ratios

FY24 FY25

TTM

ROE

13.1%

12.3%−0.8 pp

—

ROA

1.9%

1.8%−0.0 pp

—

Invested capital (all)

2,036

3,787+86.0%

—

Income

Sep '25

Dec '25

Mar '26

Jun '26

Revenue

1,658

1,505

1,396

1,429

vs year-ago quarter

Net income

289

143

151

vs year-ago quarter

Net margin

17.4%

3.6%

10.2%

10.5%

Balance sheet

Sep '25

Dec '25

Mar '26

Jun '26

Total assets

27,032

28,633

28,395

29,631

Cash & equivalents

497

489

569

557

Shareholders’ equity

4,474

4,275

4,025

3,968

Cash flow

Sep '25

Dec '25

Mar '26

Jun '26

Operating cash flow

1,341

(484)

407

(351)