ARES Q2 2024 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q2 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$789M-27.9% YoY

Gross Profit

$369M46.8% margin

Operating Income

$224M28.4% margin

Net Income

$95M12.0% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

+11.5%

Cash Flow

Operating Cash Flow

$432M

Free Cash Flow

$403M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$24.2B

Total Liabilities

$19.0B

Stockholders' Equity

$2.0B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$789M	$1.1B	-27.9%
Gross Profit	$369M	$726M	-49.2%
Operating Income	$224M	$256M	-12.3%
Net Income	$95M	$145M	-34.3%

Revenue Segments

Management Service

$734M86%

Management Service, Incentive

$48M6%

Administrative Service

$41M5%

Principal Investment Income

$29M3%