ARES FY 2023 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

FY 2023 Earnings

Financial Services Asset Management

Income Statement

Revenue

$3.6B+18.9% YoY

Gross Profit

$2.1B59.1% margin

Operating Income

$834M23.0% margin

Net Income

$474M13.1% margin

EPS (Diluted)

$2.42

Cash Flow

Operating Cash Flow

-$233M

Free Cash Flow

-$300M

Stock-Based Comp.

$256M

Balance Sheet

Total Assets

$24.7B

Total Liabilities

$20.3B

Stockholders' Equity

$1.9B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.6B	$3.1B	+18.9%
Gross Profit	$2.1B	$1.6B	+37.8%
Operating Income	$834M	$306M	+172.2%
Net Income	$474M	$168M	+183.1%