Ares Management
$117.55Change from previous close: +0.84%Absolute change: +$0.98
At a glance
- Revenue growth
- +44.19%
- 2025 vs 2024
- Net income growth
- +13.72%
- 2025 vs 2024
- Net margin
- 9.4%
- 2024: 11.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 5,601 | 3,885 | 3,632 | 3,055 | — |
| Cost of revenue | 2,566 | 1,732 | 1,487 | 1,499 | — |
| Gross profit | 3,036 | 2,153 | 2,145 | 1,557 | — |
| Selling, general and administrative | 2,090 | 1,186 | 1,268 | 1,214 | — |
| Operating income | 893 | 946 | 834 | 306 | — |
| EBIT | 2,054 | 2,254 | 2,194 | 994 | — |
| EBITDA | 2,298 | 2,412 | 2,426 | 1,335 | — |
| Interest expense | 767 | 978 | 861 | 483 | — |
| Pre-tax income | 1,287 | 1,275 | 1,333 | 511 | — |
| Income tax | 199 | 165 | 173 | 71.9 | — |
| Net income | 527 | 464 | 474 | 168 | — |
| Net income to common shareholders | -602 | -333 | -119 | -276 | — |
| Basic EPS | 1.71 | 2.04 | 2.44 | 0.87 | — |
| Diluted EPS | 1.70 | 2.04 | 2.42 | 0.87 | — |
| Average shares (basic) | 217 | 198 | 185 | 176 | — |
| Average shares (diluted) | 217 | 198 | 196 | 176 | — |