Ares Management Corporation

Ares Management Corporation

ARESยทNYSE

$123.13

-4.0%
Financial ServicesAsset Management

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.

At a Glance

Live Snapshot
Market Cap$40.44B
EPS1.9600
P/E Ratio62.82
Earnings Date07/30/2026
3Y-320.0%
5Y-480.0%
10Y-358.0%
3Y-306.0%
5Y-608.0%
10Y-5928.0%
3Y-390.0%
5Y-447.0%
10Y-472.0%
ARES

Ares Management Corporation Cash Conversion Engine

ARES ยท NYSE
Net Income484.79M
Depreciation & Amortization241.93M
Stock-Based Compensation0.00
Change in Working Capital273.24M
Others616.56M
Capital Expenditures-72.18M
Free Cash Flow1.54B

Cash Flow Quality Analysis

FCF Conversion Rate

318.6%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

4.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-42.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$273.24M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

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 Management Corporation Cash Flow Statement

ARES โ€ข NYSE

Ares Management Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 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

SEC Filings

ARES - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
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
Showing 1 to 10 of 220 filings