ARES Q4 2024 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q4 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$1.3B+19.5% YoY

Gross Profit

$796M63.2% margin

Operating Income

$278M22.1% margin

Net Income

$177M14.1% margin

EPS (Diluted)

$0.68

QoQ Revenue Growth

+11.4%

Cash Flow

Operating Cash Flow

$808M

Free Cash Flow

$798M

Stock-Based Comp.

$383M

Balance Sheet

Total Assets

$24.9B

Total Liabilities

$18.1B

Stockholders' Equity

$3.5B

Cash & Equivalents

$2.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.1B	+19.5%
Gross Profit	$796M	$663M	+20.0%
Operating Income	$278M	$283M	-1.8%
Net Income	$177M	$174M	+1.9%

Revenue Segments

Management Service

$1.5B74%

Management Service, Incentive

$288M14%

Carried Interest

$144M7%

Administrative Service

$85M4%

Principal Investment Income

$22M1%