profit from every $100 of sales.
$0$100
Ares Capital
$19.17+0.31% today
-5.5% in 1 year
1-year low $17.451-year high $21.03
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $10.66 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Ares Capital sold, what it kept, and what it did with the cash.
Sales went from $741 million in 2022 to $1.51 billion in 2025, with $1.30 billion of profit last year.
SalesProfit
Ares Capital vs. similar companies
Ares Capital grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Ares Capital | 10.7× · Cheap | ||
 BlackRock | 34.0× · Expensive | ||
 Blackstone | 49.1× · Expensive | ||
 Investor | 8.5× · Cheap | ||
 Brookfield | 70.0× · Very expensive |
AI analysis
An AI analyst reads Ares Capital's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 741 | 1,648 | 1,713 | 1,506 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 600 | 1,522 | 1,522 | 1,299 | |
| 1.19 | 2.68 | 2.44 | 1.86 | |
| – | – | – | – | |
| – | – | – | – | |
| 81.0% | 92.4% | 88.8% | 86.3% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 22,398 | 23,800 | 28,254 | 31,235 |
| Cash | 303 | 535 | 635 | 638 |
| Total debt | 12,320 | 11,918 | 13,759 | 15,991 |
| Total liabilities | 12,843 | 12,599 | 14,899 | 16,917 |
| 9,555 | 11,201 | 13,355 | 14,318 | |
| 518 | 575 | 624 | 699 | |
| – | – | – | – | |
| 6.3% | 13.6% | 11.4% | 9.1% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -1,359 | 511 | -2,128 | -1,717 | |
| – | – | – | – | |
| -1,359 | 511 | -2,128 | -1,717 | |
| Dividends paid | 912 | 1,031 | 1,139 | 1,264 |
| 0 | – | – | – | |
| – | – | – | – |
Valuation
- 10.7×
- 10.0×
- 0.66
- 1.0×
- 9.2×
- –
- –
- -12.4%
- 9.4%
- 10.2%
Profitability
- 70.8%
- 66.2%
- 86.3%
- 77.8%
- 5.4%
- 5.4%
- 8.1%
- 3.7%
- 5.8%
- –
Growth
- +26.7%
- +16.1%
- −10.9%
- +3.7%
- +11.9%
Financial health
- 7.5×
- 1.13
- 51.7%
- 2.5×
- 0.87
- 0.87
- 0.09
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 44%of 848
Top 10%of 728
Top 32%of 880
Top 18%of 878
Bottom 8%of 932
What analysts expect
- Average price target
- $21.88
- Range
- $20.00 – $24.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 28, 2026 | 0.47 | 0.48 | −2.1% |
| Feb 4, 2026 | 0.50 | 0.50 | +0.0% |
| Oct 28, 2025 | 0.50 | 0.50 | −0.6% |
| Jul 29, 2025 | 0.50 | 0.51 | −1.2% |
| Apr 29, 2025 | 0.50 | 0.53 | −5.7% |
| Feb 5, 2025 | 0.55 | 0.58 | −5.2% |
| Oct 30, 2024 | 0.58 | 0.60 | −3.3% |
| Jul 30, 2024 | 0.61 | 0.58 | +5.2% |
10.2%of the share price, paid each year
On $1,000 invested$102a year at today's yield, before tax
+3.7%2020 to 2025
Raised–not every year
Paid per share, each year
$1.57 in 2015 → $1.92 in 2025
How safe it looks
97.3% of its profit
Room to growStretchedMore than it earns: 110.7%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
50No pass
Benjamin Graham
78Pass
Philip Fisher
70Pass
Peter Lynch
84Pass
Joel Greenblatt
25No pass
Charlie Munger
49No pass
Terry Smith
53No pass
Questions about Ares Capital
Is Ares Capital a good stock to buy?
A business with weak numbers, and the price looks low. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Ares Capital AI analysis
What does Ares Capital do?
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It is in Asset Management, based in Los Angeles, CA, United States.
Does Ares Capital pay a dividend?
Yes. At today's price the dividend is 10.2% a year, about 97% of its yearly profit. In 2025 it paid out $1.26 billion in dividends.
Is Ares Capital stock halal?
No. Ares Capital does not pass our halal screen: it was reviewed by hand and does not pass. How we check
How has Ares Capital stock done over the past year?
Down 5.5% over the past twelve months, to $19.17. It traded between $17.45 and $21.03 and is 8.8% below its high.
Who are Ares Capital's competitors?
The largest listed companies in the same industry are BlackRock, Blackstone, Investor and Brookfield. The peers table on this page compares their profit, growth and price with Ares Capital's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.