Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
109.37
-0.64 (-0.58%)
Mar 9, 2026, 3:38 PM EDT - Market open

Ares Management Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2016
Operating Revenue
5,5533,8393,5953,0434,113
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Other Revenue
48.1545.4236.5212.2899.43
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Revenue
5,6013,8853,6323,0554,212
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Revenue Growth (YoY)
44.19%6.96%18.87%-27.46%138.77%
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Cost of Revenue
3,5552,1432,0871,8112,837
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Gross Profit
2,0471,7421,5451,2441,376
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Selling, General & Admin
1,046748.48624.94550.07506.66
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Operating Expenses
1,046748.48624.94550.07506.66
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Operating Income
1,000993.14920.06694.21868.9
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Interest Expense
-767.46-978.3-860.88-482.72-294.81
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Interest & Investment Income
622.72976.41,015595.93447.68
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Currency Exchange Gain (Loss)
-17-0.6-9.1-13.5-4.8
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Other Non Operating Income (Expenses)
-302.751.2313.9226.6219.2
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EBT Excluding Unusual Items
535.74991.871,079820.541,036
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Gain (Loss) on Sale of Investments
858.66330.53340.2778.1296.41
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Asset Writedown
-2.3-8.9-78.7-181.6-
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Other Unusual Items
-105.2-38.15-7.33-206.25-66.89
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Pretax Income
1,2871,2751,333510.811,066
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Income Tax Expense
198.54164.62172.9771.89147.39
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Earnings From Continuing Operations
1,0881,1111,160438.92918.31
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Minority Interest in Earnings
-561-646.99-685.77-271.37-509.47
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Net Income
527.36463.74474.33167.54408.84
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Preferred Dividends & Other Adjustments
58.68-7.99-21.314.140.21
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Net Income to Common
468.68471.73495.63153.45368.62
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Net Income Growth
13.72%-2.23%183.11%-59.02%168.72%
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Shares Outstanding (Basic)
217198185176164
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Shares Outstanding (Diluted)
217198196176180
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Shares Change (YoY)
9.75%1.17%11.54%-2.56%20.47%
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EPS (Basic)
2.162.382.690.872.25
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EPS (Diluted)
1.762.072.420.872.15
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EPS Growth
-14.80%-14.52%177.12%-59.28%146.11%
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Free Cash Flow
3,1952,700-300.44-769.91-2,623
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Free Cash Flow Per Share
14.7013.63-1.53-4.39-14.56
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Dividend Per Share
4.4803.7203.0802.4401.880
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Dividend Growth
20.43%20.78%26.23%29.79%17.50%
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Gross Margin
36.54%44.83%42.54%40.72%32.66%
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Operating Margin
17.86%25.56%25.33%22.72%20.63%
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Profit Margin
8.37%12.14%13.65%5.02%8.75%
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Free Cash Flow Margin
57.04%69.49%-8.27%-25.20%-62.28%
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EBITDA
1,2411,1431,0731,036982.19
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EBITDA Margin
22.16%29.42%29.55%33.89%23.32%
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D&A For EBITDA
240.85149.68153.01341.34113.29
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EBIT
1,000993.14920.06694.21868.9
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EBIT Margin
17.86%25.56%25.33%22.72%20.63%
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Effective Tax Rate
15.43%12.91%12.97%14.07%13.83%
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Revenue as Reported
5,6013,8853,6323,0554,212
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Source: S&P Capital IQ. Standard template. Financial Sources.