Ares Management
ARES stock analysis · Financials · Asset Management & Custody Banks
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price available; dated issuer common capital structure or outstanding share count still requires review.
DCF value
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Reverse DCF
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Relative valuation
Requires market caps for at least five comparable profitable issuers.
How this is calculated ↗Historical multiples
Requires three annual historical market caps and eligible filed earnings.
How this is calculated ↗Free cash flow yield
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗ROIC / quality
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Value composite
Requires three valuation yields and at least five covered sector peers.
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
A dated price is available, but an unambiguous issuer share count is missing or the share-class capital structure needs review.
How this is calculated ↗Accrual quality
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Fundamental momentum
Requires two adjacent years of revenue, operating income and cash flow.
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | — | — | — |
| 10.0% | — | — | — |
| 12.0% | — | — | — |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 5.6B | 834.5M | 3.3B | — | 28.6B |
| 2024-12-31 | 3.9B | 815M | 2.8B | — | 24.9B |
| 2023-12-31 | 3.6B | 885.8M | -233.3M | — | 24.7B |
| 2022-12-31 | 3.1B | 319.6M | -734.1M | — | 22B |
| 2021-12-31 | 4.2B | 797.9M | -2.6B | — | 21.6B |
| 2020-12-31 | 1.8B | 324.5M | -425.7M | — | 15.2B |
| 2019-12-31 | 1.8B | 372.8M | -2.1B | — | 12B |
| 2018-12-31 | 958.5M | 152.1M | -1.4B | 18.4M | 10.2B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 5.6B | RevenueFromContractWithCustomerExcludingAssessedTax | 2026-02-25 |
| netIncome | 834.5M | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-25 |
| Parent/common earnings proxy | 426.1M | NetIncomeLossAvailableToCommonStockholdersBasic | 2026-02-25 |
| cfo | 3.3B | NetCashProvidedByUsedInOperatingActivities | 2026-02-25 |
| capex | — | Not reported under a supported tag | — |
| operatingIncome | — | Not reported under a supported tag | — |
| assets | 28.6B | Assets | 2026-02-25 |
| equity | 4.3B | StockholdersEquity Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-02-25 |
| Parent book equity proxy | 4.3B | StockholdersEquity | 2026-02-25 |
| debt | — | Not reported under a supported tag | — |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 488.9M | CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | 2026-02-25 |
| shares | — | Not reported under a supported tag | — |
| dividends | — | Not reported under a supported tag | — |
| buybacks | — | Not reported under a supported tag | — |
| issuance | — | Not reported under a supported tag | — |