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ARES Q2 2024 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena
ARES
Ares Management Corporation
$36B
Q2 2024 Earnings
Financial Services
Asset Management
Income Statement
Revenue
$789M
-27.9% YoY
Gross Profit
$369M
46.8% margin
Operating Income
$224M
28.4% margin
Net Income
$95M
12.0% 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
$734M
86%
Management Service, Incentive
$48M
6%
Administrative Service
$41M
5%
Principal Investment Income
$29M
3%
← FY 2024
All Quarters
Q3 2024 →