Ares Management is one of the world's largest alternative-asset managers, with $622.5 billion in total assets under management, or AUM, including $384.9 billion in fee-earning AUM, at the end of 2025.
It is a $26.7B financial services company. Revenue grew 16.9% over the last year, and it keeps 10¢ of every dollar of sales as profit. It trades at 41.3× earnings — in the cheapest third of its own history.
- Website
- aresmgmt.com
- Location
- Los Angeles, CA
- Employees
- 4 297
- Sector
- Financial Services
- Founded
- 2004
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong quality; Growth, Health and Moat lag behind.
Valuation57
- P/E vs own history23th pct · 20/25
- FCF yield3.1% · 12/25
- P/S4.4x · 20/25
- EV/EBITDA29.2x · 5/25
Growth49
- Revenue CAGR7.4% · 12/25
- Net income CAGR6.6% · 12/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth127.7% · 25/25
Profitability58
- ROIC7.8% · 5/25
- ROE15.2% · 20/25
- Net margin9.9% · 13/25
- Operating margin18.7% · 20/25
Health23
- Altman Z0.78 · 3/25
- Current ratio0.28 · 0/25
- Interest coverage-0.3x · 0/25
- Net cash / debtD/A 9% · 20/25
Quality85
- Piotroski F5/9 · 15/25
- Beneish M-3.28 · 25/25
- FCF conversion149% · 25/25
- Margin stabilityσ 5.3% · 20/25
Moat18
- ROIC >12% years1/5 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive years2/9 yrs · 0/25
- Worst-year net marginworst 5.4% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026AcquisitionAres agreed to acquire Whitestone REIT—operator of outdoor shopping centers across Arizona and…
- Q1 2026Insiders2 open-market insider purchases~10K shares bought by insiders
- FY2025FinancialBest year on record$527M net income
- 2024AcquisitionAres Management acquired the international business of GLP Capital Partners (GCP), excluding its…
- Jul 1, 2021AcquisitionAres Management announced the completion of its acquisition of Black Creek Group's U.S
- Jan 30, 2020AcquisitionAres Management acquired a controlling stake in the Hong Kong–based alternative investment firm…
- FY2019FinancialBecame debt-freecash now exceeds total debt
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$1.20B in first reported year
- 2014IPOAres Management completed its initial public offering and is currently listed on the New York Stock…
- 2007AcquisitionA minority interest in the firm was acquired by an international institutional investor, Abu Dhabi…
- 2004FoundedIt has several subsidiaries: *Ares Capital Corporation: established in 2004 and provides financing for middle market…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 16.9% year over year
Watch-outs
- Altman Z-Score 0.78 — elevated financial-distress risk
- Net debt would take ~15.6 years of free cash flow to repay
- Thin interest coverage (-0.3×)
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+16.9% YoY
- Profitable — makes more than it spends$559M TTM
- Profit growing — earnings are higher than last year+36.5% YoY
- Generates cash — cash left after running and investing$836M TTM
- Debt under control — could handle its obligations~3.0y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$26.7B market cap
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.8 — distress
- Pays a dividend — returns cash to shareholdersyield 7.31%
- Valuation not extreme — price not wildly above earningsP/E 41.3
Peer comparisonAres Management Corporation vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ARES this company | $26.7B | 41.3 | +16.9% | 9.9% | Strained |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: ARES vs BRK.A · ARES vs BRK.B · ARES vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ARES
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of ARES on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $117.22 · market cap $26.7B.