Overview
Ares Management Corp
Latest 10-K: FY2025, filed Feb 25, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $4.76B
- 28.9%YoYup from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Net income
- $0.53B
- 13.7%YoYup from FY2024
- NetIncome
At a glance
Growth
- Ares Management Corp reported revenue of $4.76B for fiscal 2025, up 28.9% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 5 of the last 5 fiscal years.
Profitability
- Net margin was 11.1%, against a median of 12.8% across S&P 500 members for the same fiscal year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $4.76B28.9%up Benchmark median 6.4% | $3.69B14.0%up Benchmark median 4.5% | $3.24B12.4%up Benchmark median 4.8% | $2.88B25.8%up Benchmark median 10.3% | $2.29B30.5%up Benchmark median 13.8% | 20.1% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | — | — | — | — | — | — Benchmark median 7.2% |
| Net Income | $527.36M13.7%up Benchmark median 4.8% | $463.74M2.2%down Benchmark median 5.7% | $474.33M183.1%up Benchmark median 1.9% | $167.54M59.0%down Benchmark median 1.3% | $408.84M168.7%up Benchmark median 33.9% | 6.6% Benchmark median 4.1% |
| EPS (Diluted) | — | — | — | — | — | — Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $28.63B15.1%up Benchmark median 5.6% | $24.88B0.6%up Benchmark median 3.4% | $24.73B12.4%up Benchmark median 4.1% | $22.00B1.8%up Benchmark median 2.2% | $21.61B42.4%up Benchmark median 6.7% | 7.3% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $19.93B14.0%up Benchmark median 6.4% | $17.49B11.3%down Benchmark median 1.9% | $19.71B15.3%up Benchmark median 2.9% | $17.10B2.4%up Benchmark median 2.0% | $16.69B32.5%up Benchmark median 5.2% | 4.5% Benchmark median 4.4% |
| Stockholders' Equity | $8.68B27.1%up Benchmark median 6.8% | $6.82B52.5%up Benchmark median 5.4% | $4.47B17.8%up Benchmark median 7.3% | $3.80B0.4%down Benchmark median 2.5% | $3.81B54.3%up Benchmark median 9.0% | 22.8% Benchmark median 6.1% |
| Cash & Equivalents | — | — | — | — | — | — Benchmark median 2.0% |
| Total Debt | — | — | — | — | — | — Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.27B17.0%up Benchmark median 6.3% | $2.79Bn/m Benchmark median 4.8% | negative: -$0.23Bn/m Benchmark median 9.9% | negative: -$0.73Bn/m Benchmark median -0.7% | negative: -$2.60Bn/m Benchmark median 10.7% | n/m Benchmark median 7.0% |
| Capital Expenditures | — | — | — | — | — | — Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | — | — | — | — | — | — Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Quality · Return on capital
Profit earned on the money in the business
6.8%
Wall Street
ROE: net income ÷ equity
FY2024 8.2%
— Not reported
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 — Not reported
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on ARES yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on ARES and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/ARES
Valuein. (2026, October 31). Ares Management Corp (ARES) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/ARES
@misc{valuein_ares_2026,
author = {{Valuein}},
title = {Ares Management Corp (ARES) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/ARES}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 25, 2026 · accession 0001628280-26-011413
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point-in-time · survivorship-free · every number traceable to its SEC filing
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