ARES
Ares Management Corporation
NYSE · USFinancial ServicesAsset Management
$121.27-3.51%
Price as of Jul 20, 2026
ARES financials
Ares Management Corporation financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $6.5B | $3.9B | $3.6B | $3.1B |
| Cost of revenue | $1.6B | $1.7B | $1.5B | $1.5B |
| Gross profit | $4.8B | $2.2B | $2.1B | $1.6B |
| Operating expenses | $3.1B | $1.2B | $1.3B | $1.3B |
| Operating income | $1.8B | $946.1M | $834.0M | $306.4M |
| Net income | $527.4M | $463.7M | $474.3M | $167.5M |
| EBITDA | $2.3B | $2.4B | $2.4B | $1.3B |
| Basic EPS | $1.96 | $2.07 | $2.46 | $0.87 |
| Diluted EPS | $1.96 | $2.07 | $2.42 | $0.87 |
| Balance sheet | ||||
| Cash & equivalents | $1.5B | $2.7B | $1.5B | $1.1B |
| Total assets | $29.0B | $24.9B | $24.7B | $22.0B |
| Total liabilities | $20.3B | $18.1B | $20.3B | $18.2B |
| Stockholders’ equity | $4.3B | $3.5B | $1.9B | $1.6B |
| Total debt | $14.9B | $13.1B | $15.8B | $13.3B |
| Net debt | $13.4B | $10.4B | $14.3B | $12.2B |
| Cash flow | ||||
| Operating cash flow | $3.3B | $2.8B | -$233.3M | -$734.1M |
| Capital expenditure | -$72.2M | -$91.5M | -$67.2M | -$35.8M |
| Free cash flow | $3.2B | $2.7B | -$300.4M | -$769.9M |
| Dividends paid | -$1.8B | -$1.3B | -$1.0B | -$836.4M |
| Share repurchases | -$946.4M | $0.00 | $0.00 | $0.00 |