profit from every $100 of sales.
$0$100
Ares Management
$134.61+0.99% today
-9.3% in 1 year
1-year low $96.501-year high $178.28
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, 2020 to 2025.
0%20% a year
You pay $84.73 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 Management sold, what it kept, and what it did with the cash.
Sales went from $3.06 billion in 2022 to $5.60 billion in 2025, with $527 million of profit last year.
SalesProfit
Ares Management handed back 55% of the cash it generated last year.
$1.8B
Free cash flow 2025$3.2B
Bought back its own shares–
Paid as dividends$1.8B
Cash vs. debt$1.4B vs. $14.2B
Ares Management vs. similar companies
Ares Management grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Ares Management | 84.7× · Very expensive | ||
 BlackRock | 34.0× · Expensive | ||
 Blackstone | 49.1× · Expensive | ||
 Investor | 8.5× · Cheap | ||
 Brookfield | 70.0× · Very expensive |
AI analysis
An AI analyst reads Ares Management'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 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,764 | 4,212 | 3,055 | 3,632 | 3,885 | 5,601 | |
| – | – | 1,557 | 2,145 | 2,153 | 3,036 | |
| – | – | 306 | 834 | 946 | 893 | |
| – | – | 1,335 | 2,426 | 2,412 | 2,298 | |
| 152 | 409 | 168 | 474 | 464 | 527 | |
| – | – | 0.87 | 2.42 | 2.04 | 1.70 | |
| – | – | 51.0% | 59.1% | 55.4% | 54.2% | |
| – | – | 10.0% | 23.0% | 24.4% | 15.9% | |
| 8.6% | 9.7% | 5.5% | 13.1% | 11.9% | 9.4% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 15,169 | 21,605 | 22,003 | 24,731 | 24,884 | 28,633 |
| Cash | – | – | 1,115 | 1,498 | 2,735 | 1,448 |
| Total debt | – | – | 13,334 | 15,756 | 13,148 | 14,222 |
| Total liabilities | 12,597 | 16,695 | 18,204 | 20,256 | 18,060 | 19,957 |
| 1,194 | 1,825 | 1,589 | 1,893 | 3,544 | 4,275 | |
| – | – | 176 | 196 | 198 | 217 | |
| – | – | 5.3% | 9.8% | 10.7% | 8.8% | |
| 12.7% | 22.4% | 10.5% | 25.1% | 13.1% | 12.3% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| -426 | -2,596 | -734 | -233 | 2,791 | 3,267 | |
| – | – | 36 | 67 | 92 | 72 | |
| – | – | -770 | -300 | 2,700 | 3,195 | |
| Dividends paid | – | – | 836 | 1,031 | 1,311 | 1,757 |
| – | – | 0 | 0 | – | – | |
| 123 | 237 | 200 | 256 | 353 | 741 |
Valuation
- 84.7×
- 22.1×
- –
- 10.4×
- 8.0×
- 14.0×
- 25.0×
- 7.1%
- 1.2%
- 3.7%
Profitability
- 54.2%
- 15.9%
- 9.4%
- 38.3%
- 9.0%
- 8.8%
- 14.5%
- 2.2%
- 5.1%
- –
Growth
- +26.0%
- –
- +18.3%
- +22.9%
- +7.4%
Financial health
- 5.6×
- 3.33
- 49.8%
- 2.7×
- 1.18
- 49.67
- 0.22
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 31%of 768
Bottom 35%of 611
Bottom 4%of 881
Top 21%of 880
Top 37%of 926
What analysts expect
- Average price target
- $171.13
- Range
- $140.00 – $215.00
- 9 analysts
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 |
|---|---|---|---|
| May 1, 2026 | 1.24 | 1.32 | −6.1% |
| Feb 5, 2026 | 1.45 | 1.69 | −14.2% |
| Nov 3, 2025 | 1.19 | 1.15 | +3.5% |
| Aug 1, 2025 | 1.03 | 1.08 | −4.6% |
| May 5, 2025 | 1.09 | 0.94 | +16.0% |
| Feb 5, 2025 | 1.23 | 1.35 | −8.9% |
| Nov 1, 2024 | 0.95 | 0.94 | +1.2% |
| Aug 2, 2024 | 0.99 | 0.98 | +0.9% |
3.7%of the share price, paid each year
On $1,000 invested$37a year at today's yield, before tax
+22.9%2020 to 2025
Raised6 yearsin a row, in our data
Paid per share, each year
$0.88 in 2015 → $4.48 in 2025
How safe it looks
333.1% of its profit
Room to growStretchedMore than it earns: 55.0%
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
0/7Passes 0 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
31No pass
Benjamin Graham
20No pass
Philip Fisher
36No pass
Peter Lynch
59No pass
Joel Greenblatt
8No pass
Charlie Munger
18No pass
Terry Smith
28No pass
Questions about Ares Management
Is Ares Management a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 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 Management AI analysis
What does Ares Management do?
Ares Management Corporation operates as an alternative asset manager. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. It is in Asset Management, based in Los Angeles, CA, United States, with 4,297 employees.
Does Ares Management pay a dividend?
Yes. At today's price the dividend is 3.7% a year. In 2025 it paid out $1.76 billion in dividends.
Is Ares Management stock halal?
Questionable. Ares Management sits in a grey zone: it is a large credit manager, including direct lending. How we check
How has Ares Management stock done over the past year?
Down 9.3% over the past twelve months, to $134.61. It traded between $96.50 and $178.28 and is 24.5% below its high.
Who are Ares Management'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 Management's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.