ARES (Ares Management Corporation) Stock Financials & Earnings

ARESAres Management Corporation

Mkt Cap$36B

Revenue (TTM)$5.9B

Net Income (TTM)$527M

EPS (TTM)$1.79

Free Cash Flow (TTM)$3.2B

Gross Margin58.3%

Op. Margin19.7%

Net Margin9.0%

FCF Margin54.5%

P/S Ratio (TTM)6.1x

P/E Ratio (TTM)68.1x

YoY Rev Growth+50.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$813M	$453M	$185M
Q2 23	$1.1B	$726M	$256M
Q3 23	$671M	$304M	$110M
Q4 23	$1.1B	$663M	$283M
Q1 24	$707M	$294M	$169M
Q2 24	$789M	$369M	$224M
Q3 24	$1.1B	$694M	$275M
Q4 24	$1.3B	$796M	$278M
Q1 25	$1.1B	$432M	$74M
Q2 25	$1.4B	$706M	$213M
Q3 25	$1.7B	$998M	$349M
Q4 25	$1.8B	$1.3B	$517M

Revenue Breakdown

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Revenue Segments

Quarter	Administrative Service	Carried Interest	Management Service	Management Service, Incentive	Principal Investment Income	Principal Investment Income (Loss)
Q3 24	$42M	$279M	$765M	$49M	$14M	—
Q1 25	$58M	$165M	$827M	$32M	$27M	—
Q3 25	$105M	$473M	$980M	$101M	—	$74M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.0B	$0	$1.0B
Q2 23	$1.1B	$0	$1.1B
Q3 23	$1.2B	$0	$1.2B
Q4 23	$1.5B	$0	$1.5B
Q1 24	$1.5B	$0	$1.5B
Q2 24	$1.5B	$0	$1.5B
Q3 24	$1.7B	$0	$1.7B
Q4 24	$2.7B	$0	$2.7B
Q1 25	$1.8B	$0	$1.8B
Q2 25	$1.5B	$0	$1.5B
Q3 25	$1.5B	$0	$1.5B
Q4 25	$1.5B	$0	$1.5B

Shares Outstanding

Revenue Per Employee

Revenue / Employee