$123.13
-4.0%Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
ARES โข NYSE
| Ares Management Corporation Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||||||||
484.8M | 1.1B | 1.2B | 438.9M | 390.7M | 324.5M | 372.8M | 152.1M | 172.9M | 286.9M | 62.4M | 545.7M | 813.4M | 1.2B | 923.4M | |
241.9M | 158.6M | 231.7M | 341.3M | 114M | 41.2M | 39.5M | 28.5M | 32.8M | 37.5M | 55.3M | 36.1M | 49.5M | 14.2M | 19.6M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -8.1M | -28.5M | 1.4M | -1.1B | 0.0 | 0.0 | 0.0 | |
0.0 | 352.9M | 256M | 200.4M | 0.0 | 123M | 97.7M | 0.0 | 69.7M | 39.1M | 32.2M | 83.2M | 28.8M | 52M | 20.9M | |
616.6M | 1.4B | -1.4B | -1.5B | -3.2B | -975.1M | -2.2B | 188.2M | -2B | -768.2M | -696.3M | 1.7B | 1B | 1.5B | 1.8B | |
(0.0) | (107.6M) | (62M) | (104.9M) | (22.8M) | (38.2M) | (35.6M) | (27.5M) | (18.2M) | (26.8M) | (14.6M) | (36.6M) | (30.3M) | (18.7M) | (22.5M) | |
273.2M | -203M | -454.1M | -194.6M | 98.5M | 60.7M | -413.9M | 164.7M | -100.9M | -192.5M | 16.9M | 320.9M | 276.9M | -71.3M | -255.8M | |
1.6B | 2.8B | -233.3M | -734.1M | -2.6B | -425.7M | -2.1B | 428.1M | -1.9B | -625.7M | -528M | 1.5B | 2.2B | 2.7B | 2.5B | |
INVESTING ACTIVITIES | |||||||||||||||
-72.2M | -91.5M | -67.2M | -35.8M | -27.2M | -15.9M | -16.8M | -18.4M | -33.2M | -11.9M | -10.7M | -16.7M | -12.1M | -3.5M | -31.9M | |
-1.7B | -67.9M | -43.9M | -301.6M | -1.1B | -120.8M | (0.0) | (0.0) | (0.0) | (0.0) | -64.4M | -60M | -50.3M | (0.0) | -10.6M | |
-8.5B | -6.5B | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
11B | 8.3B | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
0.0 | -1.7B | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -9.4M | 0.0 | |
(694.2M) | -159.4M | -111.1M | -337.4M | -1.1B | -136.8M | -16.8M | -18.4M | -33.2M | -11.9M | -75.1M | -76.7M | -62.4M | -12.9M | -42.4M | |
FINANCING ACTIVITIES | |||||||||||||||
0.0 | 407.1M | 86M | 21.2M | 827.4M | 476M | 196.3M | 105.3M | 1M | 298.8M | 88.7M | 209.2M | 0.0 | 0.0 | 0.0 | |
-216.4M | -2.3B | 1.7B | 1.8B | 2.8B | 1.2B | 2.1B | 1.7B | 1.8B | 821.1M | 796.4M | -231M | -803.8M | -769.3M | -778.8M | |
-1.8B | -1.3B | -1B | -836.4M | -604.4M | -468.5M | -345.4M | -156.5M | -283.4M | -212.8M | -217.8M | -329.9M | -420.2M | -230.6M | -258.9M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -10.4M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-1.3B | 291.4M | -445.6M | 173.8M | 757.4M | -216M | 130.3M | -157.1M | 117.9M | -26.2M | 2.9M | -1B | -889.9M | -1.7B | -1.4B | |
-3.3B | -1.4B | 292.1M | 1.1B | 3.5B | 943.9M | 2.1B | 1.4B | 1.7B | 880.8M | 581.5M | -1.4B | -2.1B | -2.7B | -2.5B | |
CASH FLOW SUMMARY | |||||||||||||||
-323.6M | -40.5M | 10.5M | -10.2M | -19.1M | 20M | 5.6M | 21.5M | 17.4M | -21.8M | -5.8M | -32.8M | 23M | 7.1M | -14.8M | |
-1.3B | 1.2B | -41.7M | 46.3M | -196.2M | 401.4M | 28.1M | -8.7M | -223.9M | 221.4M | -27.4M | 59.1M | 21.3M | 34M | -54M | |
2.7B | 348.3M | 390M | 343.7M | 539.8M | 138.4M | 110.2M | 118.9M | 342.9M | 121.5M | 148.9M | 89.8M | 68.5M | 34.4M | 88.5M | |
1.4B | 1.5B | 348.3M | 390M | 343.7M | 539.8M | 138.4M | 110.2M | 118.9M | 342.9M | 121.5M | 148.9M | 89.8M | 68.5M | 34.4M | |
1.5B | 2.7B | -300.4M | -769.9M | -2.6B | -441.6M | -2.1B | -1.4B | -1.9B | -637.6M | -538.7M | 1.5B | 2.2B | 2.7B | 2.5B |
ARES - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 28, 2026 | May 21, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 08, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 01, 2026 | May 01, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | April 21, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 27, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 25, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 05, 2026 | February 05, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 06, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 03, 2025 | November 03, 2025 | 2025 |
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