Ares Management revenue and financials
$117.74Change from previous close: +0.52%Absolute change: +$0.61
In the fiscal year ended December 2025, Ares Management reported revenue of $4.76B (+28.86% year over year). Net income was $527.36M, a net margin of 11.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +28.86%
- 2025 vs 2024
- Net income growth
- +13.72%
- 2025 vs 2024
- Net margin
- 11.1%
- 2024: 12.6%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -351 | 407 | -484 | 1,341 | 416 | 1,994 | 808 | 841 | 432 | 710 | -560 | 318 |
| Depreciation and amortization | 60.4 | 59.7 | 65.8 | 66.0 | 63.2 | 48.2 | 39.7 | 46.0 | 36.3 | 36.6 | 37.5 | 106 |
| Capital expenditure | -33.1 | -15.6 | -15.8 | -11.5 | -22.9 | -22.0 | -9.3 | -26.9 | -29.2 | -26.1 | -23.0 | -23.1 |
| Investing cash flow | -33.2 | -7.2 | -21.1 | -15.0 | -22.9 | -1,745 | -63.5 | -32.6 | -29.2 | -34.1 | -66.9 | -23.1 |
| Financing cash flow | 371 | -293 | 543 | -1,225 | -567 | -1,178 | 478 | -784 | -459 | -667 | 634 | -244 |
| Dividends paid | -514 | -523 | -460 | -424 | -428 | -445 | — | — | — | -320 | — | -250 |
| Share repurchases | -46.1 | -318 | -11.2 | -9.0 | -19.9 | -397 | -16.0 | -8.5 | -16.3 | -187 | -11.6 | -11.9 |
| Debt issued | 1,274 | 1,729 | 1,750 | 825 | 540 | 1,298 | 1,012 | 476 | 490 | 327 | 2,012 | 254 |
| Debt repaid | -640 | -1,451 | -795 | -1,196 | -723 | -1,405 | -1,684 | -971 | -1,297 | -631 | -686 | -283 |
| Effect of exchange rates | 2.1 | -26.6 | -45.9 | -114 | 65.5 | 38.8 | -64.4 | 41.2 | -5.9 | -11.3 | 29.7 | -16.1 |
| Net change in cash | -11.7 | 79.9 | -7.8 | -13.0 | -109 | -889 | 1,158 | 65.7 | -61.9 | -1.9 | 36.4 | 35.0 |
| Free cash flow | -384 | 391 | -499 | 1,329 | 393 | 1,972 | 798 | 814 | 403 | 684 | -583 | 295 |