ARES FY 2024 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

FY 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$3.9B+7.0% YoY

Gross Profit

$2.2B55.4% margin

Operating Income

$946M24.4% margin

Net Income

$464M11.9% margin

EPS (Diluted)

$2.07

Cash Flow

Operating Cash Flow

$2.8B

Free Cash Flow

$2.7B

Stock-Based Comp.

$353M

Balance Sheet

Total Assets

$24.9B

Total Liabilities

$18.1B

Stockholders' Equity

$3.5B

Cash & Equivalents

$2.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.9B	$3.6B	+7.0%
Gross Profit	$2.2B	$2.1B	+0.4%
Operating Income	$946M	$834M	+13.4%
Net Income	$464M	$474M	-2.2%