ARES Q3 2024 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q3 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$1.1B+68.3% YoY

Gross Profit

$694M61.4% margin

Operating Income

$275M24.3% margin

Net Income

$118M10.5% 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

$765M67%

Carried Interest

$279M24%

Management Service, Incentive

$49M4%

Administrative Service

$42M4%

Principal Investment Income

$14M1%