ARES Q1 2023 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q1 2023 Earnings

Financial Services Asset Management

Income Statement

Revenue

$813M+13.8% YoY

Gross Profit

$453M55.6% margin

Operating Income

$185M22.7% margin

Net Income

$94M11.6% margin

EPS (Diluted)

$0.50

QoQ Revenue Growth

-13.3%

Cash Flow

Operating Cash Flow

$708M

Free Cash Flow

$699M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$21.9B

Total Liabilities

$17.8B

Stockholders' Equity

$1.7B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$813M	$715M	+13.8%
Gross Profit	$453M	$358M	+26.5%
Operating Income	$185M	$103M	+78.8%
Net Income	$94M	$46M	+105.0%

Revenue Segments

Carried Interest

$151M71%

Administrative Service

$30M14%

Principal Investment Income

$23M11%

Management Service, Incentive

$9M4%