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ARES Q2 2023 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena
ARES
Ares Management Corporation
$36B
Q2 2023 Earnings
Financial Services
Asset Management
Income Statement
Revenue
$1.1B
+81.8% YoY
Gross Profit
$726M
66.4% margin
Operating Income
$256M
23.4% margin
Net Income
$145M
13.2% margin
EPS (Diluted)
$0.74
QoQ Revenue Growth
+34.4%
Cash Flow
Operating Cash Flow
-$699M
Free Cash Flow
-$711M
Stock-Based Comp.
$62M
Balance Sheet
Total Assets
$23.1B
Total Liabilities
$19.1B
Stockholders' Equity
$1.8B
Cash & Equivalents
$1.1B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$1.1B
$601M
+81.8%
Gross Profit
$726M
$226M
+221.6%
Operating Income
$256M
$49M
+426.2%
Net Income
$145M
$40M
+263.7%
Revenue Segments
Carried Interest
$418M
88%
Administrative Service
$45M
9%
Management Service, Incentive
$8M
2%
Principal Investment Income
$7M
1%
← FY 2023
All Quarters
Q3 2023 →