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Ares Management (ARES)

NYSE Financials Asset Management & Custody Banks S&P 500
$139.58
+5.60 (+4.18%)
Close of Nov 09, 2026 · end-of-day data
Source: Ares Management's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 09, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$964.80M$1.48B$1.22B$1.77B$1.76B$4.21B$3.06B$3.63B$3.88B$5.60B
Selling, general & admin————$259.00M$444.18M$695.26M$660.15M$736.50M$996.08M
Interest expense$17.98M$21.22M——$24.91M$36.76M$71.36M———
Pre-tax income$297.92M$149.86M$184.34M$425.18M$379.48M$1.07B$510.81M$1.33B$1.28B$1.29B
Income tax$11.02M-$23.05M$32.20M$52.38M$54.99M$147.38M$71.89M$172.97M$164.62M$198.53M
Net income$111.81M$76.18M$57.02M$148.88M$152.14M$408.84M$167.54M$474.33M$463.74M$527.36M
Net margin11.6%5.1%4.7%8.4%8.6%9.7%5.5%13.1%11.9%9.4%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$342.86M$118.93M$110.25M$138.38M$539.81M$343.65M$389.99M$348.27M$1.51B$488.90M
Goodwill$143.72M$143.90M$143.79M$143.85M$371.05M$787.97M$999.66M$1.12B$1.16B$3.45B
Total assets$5.83B$8.56B$10.15B$12.01B$15.17B$21.61B$22.00B$24.73B$24.88B$28.63B
Total liabilities$4.45B$7.10B$8.76B$10.16B$12.60B$16.69B$17.10B$19.71B$17.49B$19.93B
Shareholders' equity$292.85M$1.46B$587.92M$768.29M$1.19B$1.83B$1.59B$1.89B$3.54B$4.28B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$625.65M-$1.86B-$1.42B-$2.08B-$425.66M-$2.60B-$734.11M-$233.26M$2.79B$3.27B
Capital expenditures$11.91M$33.16M$18.42M———————
Free cash flow-$637.57M-$1.90B-$1.44B-$2.08B-$425.66M-$2.60B-$734.11M-$233.26M$2.79B$3.27B
Investing cash flow-$11.91M-$33.16M-$18.42M-$16.80M-$136.76M-$1.08B-$337.38M-$111.08M-$159.40M-$1.80B
Financing cash flow$880.76M$1.65B$1.41B$2.12B$943.89M$3.50B$1.13B$292.13M-$1.43B-$2.43B
Stock-based compensation$39.06M$69.71M$89.72M$97.69M$122.99M$237.19M$200.39M$255.97M$352.85M$740.55M
Depreciation & amortization$8.20M$12.60M$16.10M$17.10M$19.00M$22.10M$26.20M$31.40M$32.20M$45.20M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.