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ARES Q3 2024 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena
ARES
Ares Management Corporation
$36B
Q3 2024 Earnings
Financial Services
Asset Management
Income Statement
Revenue
$1.1B
+68.3% YoY
Gross Profit
$694M
61.4% margin
Operating Income
$275M
24.3% margin
Net Income
$118M
10.5% margin
EPS (Diluted)
$0.55
QoQ Revenue Growth
+43.2%
Cash Flow
Operating Cash Flow
$841M
Free Cash Flow
$814M
Stock-Based Comp.
-$123M
Balance Sheet
Total Assets
$24.5B
Total Liabilities
$19.2B
Stockholders' Equity
$2.1B
Cash & Equivalents
$1.7B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$1.1B
$671M
+68.3%
Gross Profit
$694M
$304M
+128.4%
Operating Income
$275M
$110M
+149.2%
Net Income
$118M
$62M
+91.6%
Revenue Segments
Management Service
$765M
67%
Carried Interest
$279M
24%
Management Service, Incentive
$49M
4%
Administrative Service
$42M
4%
Principal Investment Income
$14M
1%
← FY 2024
All Quarters
Q4 2024 →