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ARES Q4 2023 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena
ARES
Ares Management Corporation
$36B
Q4 2023 Earnings
Financial Services
Asset Management
Income Statement
Revenue
$1.1B
+12.4% YoY
Gross Profit
$663M
62.9% margin
Operating Income
$283M
26.9% margin
Net Income
$174M
16.5% margin
EPS (Diluted)
$0.86
QoQ Revenue Growth
+57.0%
Cash Flow
Operating Cash Flow
-$560M
Free Cash Flow
-$583M
Stock-Based Comp.
$0
Balance Sheet
Total Assets
$24.7B
Total Liabilities
$20.3B
Stockholders' Equity
$1.9B
Cash & Equivalents
$1.5B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$1.1B
$938M
+12.4%
Gross Profit
$663M
$594M
+11.6%
Operating Income
$283M
$251M
+12.8%
Net Income
$174M
$117M
+48.1%
Revenue Segments
Management Service
$1.9B
80%
Management Service, Incentive
$244M
10%
Principal Investment Income
$96M
4%
Carried Interest
$87M
4%
Administrative Service
$46M
2%
← FY 2023
All Quarters
Q1 2024 →