ARES Q1 2024 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q1 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$707M-13.0% YoY

Gross Profit

$294M41.6% margin

Operating Income

$169M23.9% margin

Net Income

$73M10.3% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

-32.9%

Cash Flow

Operating Cash Flow

$710M

Free Cash Flow

$684M

Stock-Based Comp.

$92M

Balance Sheet

Total Assets

$24.4B

Total Liabilities

$19.9B

Stockholders' Equity

$1.8B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$707M	$813M	-13.0%
Gross Profit	$294M	$453M	-34.9%
Operating Income	$169M	$185M	-8.6%
Net Income	$73M	$94M	-22.3%

Revenue Segments

Management Service

$700M93%

Administrative Service

$37M5%

Principal Investment Income

$10M1%

Management Service, Incentive

$9M1%