ARES MANAGEMENT CORP - A (ARES) Fundamental Analysis & Valuation

NYSE:ARES • US03990B1017

112.65 USD
-0.71 (-0.63%)
At close: Mar 3, 2026
114.12 USD
+1.47 (+1.3%)
Pre-Market: 3/4/2026, 9:19:47 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ARES fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

ARES gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. ARES has a bad profitability rating. Also its financial health evaluation is rather negative. ARES is growing strongly while it is still valued neutral. This is a good combination! ARES also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. ARES Profitability Analysis

1.1 Basic Checks

  • ARES had positive earnings in the past year.
  • In the past year ARES had a positive cash flow from operations.
  • In the past 5 years ARES has always been profitable.
  • In multiple years ARES reported negative operating cash flow during the last 5 years.
ARES Yearly Net Income VS EBIT VS OCF VS FCFARES Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B -2B 3B

1.2 Ratios

  • ARES has a Return On Assets of 1.34%. This is in the lower half of the industry: ARES underperforms 62.60% of its industry peers.
  • ARES's Return On Equity of 8.97% is in line compared to the rest of the industry. ARES outperforms 53.36% of its industry peers.
  • ARES's Return On Invested Capital of 3.86% is in line compared to the rest of the industry. ARES outperforms 55.46% of its industry peers.
  • ARES had an Average Return On Invested Capital over the past 3 years of 4.00%. This is below the industry average of 7.27%.
Industry RankSector Rank
ROA 1.34%
ROE 8.97%
ROIC 3.86%
ROA(3y)1.61%
ROA(5y)1.44%
ROE(3y)14.82%
ROE(5y)14.86%
ROIC(3y)4%
ROIC(5y)3.93%
ARES Yearly ROA, ROE, ROICARES Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • The Profit Margin of ARES (6.85%) is worse than 65.13% of its industry peers.
  • In the last couple of years the Profit Margin of ARES has remained more or less at the same level.
  • ARES's Operating Margin of 17.86% is in line compared to the rest of the industry. ARES outperforms 42.02% of its industry peers.
  • In the last couple of years the Operating Margin of ARES has remained more or less at the same level.
Industry RankSector Rank
OM 17.86%
PM (TTM) 6.85%
GM N/A
OM growth 3Y-7.72%
OM growth 5Y0.09%
PM growth 3Y10.89%
PM growth 5Y0.13%
GM growth 3YN/A
GM growth 5YN/A
ARES Yearly Profit, Operating, Gross MarginsARES Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. ARES Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, ARES has more shares outstanding
  • The number of shares outstanding for ARES has been increased compared to 5 years ago.
  • The debt/assets ratio for ARES has been reduced compared to a year ago.
ARES Yearly Shares OutstandingARES Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
ARES Yearly Total Debt VS Total AssetsARES Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.2 Solvency

  • ARES has an Altman-Z score of 0.95. This is a bad value and indicates that ARES is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of ARES (0.95) is comparable to the rest of the industry.
  • ARES has a debt to FCF ratio of 4.24. This is a neutral value as ARES would need 4.24 years to pay back of all of its debts.
  • ARES has a Debt to FCF ratio of 4.24. This is in the better half of the industry: ARES outperforms 73.95% of its industry peers.
  • ARES has a Debt/Equity ratio of 3.17. This is a high value indicating a heavy dependency on external financing.
  • ARES has a worse Debt to Equity ratio (3.17) than 81.51% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.17
Debt/FCF 4.24
Altman-Z 0.95
ROIC/WACCN/A
WACCN/A
ARES Yearly LT Debt VS Equity VS FCFARES Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 0.27 indicates that ARES may have some problems paying its short term obligations.
  • ARES's Current ratio of 0.27 is on the low side compared to the rest of the industry. ARES is outperformed by 83.19% of its industry peers.
  • A Quick Ratio of 0.27 indicates that ARES may have some problems paying its short term obligations.
  • ARES has a worse Quick ratio (0.27) than 83.19% of its industry peers.
Industry RankSector Rank
Current Ratio 0.27
Quick Ratio 0.27
ARES Yearly Current Assets VS Current LiabilitesARES Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. ARES Growth Analysis

3.1 Past

  • ARES shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.90%, which is quite good.
  • The Earnings Per Share has been growing by 20.68% on average over the past years. This is a very strong growth
  • Looking at the last year, ARES shows a very strong growth in Revenue. The Revenue has grown by 44.19%.
  • ARES shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 26.00% yearly.
EPS 1Y (TTM)19.9%
EPS 3Y12.42%
EPS 5Y20.68%
EPS Q2Q%17.89%
Revenue 1Y (TTM)44.19%
Revenue growth 3Y22.39%
Revenue growth 5Y26%
Sales Q2Q%19.53%

3.2 Future

  • Based on estimates for the next years, ARES will show a very strong growth in Earnings Per Share. The EPS will grow by 22.19% on average per year.
  • ARES is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.79% yearly.
EPS Next Y40.74%
EPS Next 2Y29.18%
EPS Next 3Y24.27%
EPS Next 5Y22.19%
Revenue Next Year22.46%
Revenue Next 2Y20.2%
Revenue Next 3Y17.45%
Revenue Next 5Y16.79%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
ARES Yearly Revenue VS EstimatesARES Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
ARES Yearly EPS VS EstimatesARES Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15 20

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5

4. ARES Valuation Analysis

4.1 Price/Earnings Ratio

  • ARES is valuated rather expensively with a Price/Earnings ratio of 23.67.
  • Compared to the rest of the industry, the Price/Earnings ratio of ARES indicates a slightly more expensive valuation: ARES is more expensive than 68.07% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.83, ARES is valued at the same level.
  • ARES is valuated correctly with a Price/Forward Earnings ratio of 16.82.
  • ARES's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.95, ARES is valued a bit cheaper.
Industry RankSector Rank
PE 23.67
Fwd PE 16.82
ARES Price Earnings VS Forward Price EarningsARES Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ARES is valued a bit cheaper than 63.03% of the companies in the same industry.
  • 74.79% of the companies in the same industry are more expensive than ARES, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.53
EV/EBITDA 39.35
ARES Per share dataARES EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ARES's earnings are expected to grow with 24.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.58
PEG (5Y)1.14
EPS Next 2Y29.18%
EPS Next 3Y24.27%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. ARES Dividend Analysis

5.1 Amount

  • ARES has a Yearly Dividend Yield of 4.57%, which is a nice return.
  • The stock price of ARES dropped by -31.92% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • ARES's Dividend Yield is comparable with the industry average which is at 6.44.
  • Compared to an average S&P500 Dividend Yield of 1.82, ARES pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.57%

5.2 History

  • The dividend of ARES is nicely growing with an annual growth rate of 17.03%!
  • ARES has been paying a dividend for at least 10 years, so it has a reliable track record.
  • ARES has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)17.03%
Div Incr Years5
Div Non Decr Years5
ARES Yearly Dividends per shareARES Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • 458.00% of the earnings are spent on dividend by ARES. This is not a sustainable payout ratio.
  • The dividend of ARES is growing, but earnings are growing more, so the dividend growth is sustainable.
DP458%
EPS Next 2Y29.18%
EPS Next 3Y24.27%
ARES Yearly Income VS Free CF VS DividendARES Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B -2B 3B
ARES Dividend Payout.ARES Dividend Payout, showing the Payout Ratio.ARES Dividend Payout.PayoutRetained Earnings

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ARES Fundamentals: All Metrics, Ratios and Statistics

ARES MANAGEMENT CORP - A

NYSE:ARES (3/3/2026, 8:04:00 PM)

Premarket: 114.12 +1.47 (+1.3%)

112.65

-0.71 (-0.63%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)05-04
Inst Owners84.1%
Inst Owner Change5.94%
Ins Owners2.95%
Ins Owner Change8.7%
Market Cap36.82B
Revenue(TTM)5.60B
Net Income(TTM)383.56M
Analysts77.39
Price Target176.53 (56.71%)
Short Float %5.54%
Short Ratio3.25
Dividend
Industry RankSector Rank
Dividend Yield 4.57%
Yearly Dividend5.49
Dividend Growth(5Y)17.03%
DP458%
Div Incr Years5
Div Non Decr Years5
Ex-Date03-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.55%
Min EPS beat(2)-16.01%
Max EPS beat(2)0.92%
EPS beat(4)2
Avg EPS beat(4)-2.28%
Min EPS beat(4)-16.01%
Max EPS beat(4)12.95%
EPS beat(8)2
Avg EPS beat(8)-4.18%
EPS beat(12)4
Avg EPS beat(12)-3.51%
EPS beat(16)6
Avg EPS beat(16)-1.95%
Revenue beat(2)2
Avg Revenue beat(2)9.51%
Min Revenue beat(2)6.46%
Max Revenue beat(2)12.56%
Revenue beat(4)3
Avg Revenue beat(4)3.7%
Min Revenue beat(4)-4.32%
Max Revenue beat(4)12.56%
Revenue beat(8)5
Avg Revenue beat(8)5.55%
Revenue beat(12)8
Avg Revenue beat(12)10.28%
Revenue beat(16)10
Avg Revenue beat(16)9.96%
PT rev (1m)-8.82%
PT rev (3m)-7.02%
EPS NQ rev (1m)3.03%
EPS NQ rev (3m)4.95%
EPS NY rev (1m)0.64%
EPS NY rev (3m)2.91%
Revenue NQ rev (1m)3.93%
Revenue NQ rev (3m)6.51%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)3.26%
Valuation
Industry RankSector Rank
PE 23.67
Fwd PE 16.82
P/S 6.57
P/FCF 11.53
P/OCF 11.27
P/B 8.61
P/tB N/A
EV/EBITDA 39.35
EPS(TTM)4.76
EY4.23%
EPS(NY)6.7
Fwd EY5.95%
FCF(TTM)9.77
FCFY8.68%
OCF(TTM)9.99
OCFY8.87%
SpS17.14
BVpS13.08
TBVpS-3.96
PEG (NY)0.58
PEG (5Y)1.14
Graham Number37.43
Profitability
Industry RankSector Rank
ROA 1.34%
ROE 8.97%
ROCE 4.49%
ROIC 3.86%
ROICexc 4.13%
ROICexgc 6.04%
OM 17.86%
PM (TTM) 6.85%
GM N/A
FCFM 57.03%
ROA(3y)1.61%
ROA(5y)1.44%
ROE(3y)14.82%
ROE(5y)14.86%
ROIC(3y)4%
ROIC(5y)3.93%
ROICexc(3y)4.42%
ROICexc(5y)4.3%
ROICexgc(3y)5.41%
ROICexgc(5y)5.16%
ROCE(3y)4.66%
ROCE(5y)4.58%
ROICexgc growth 3Y12.04%
ROICexgc growth 5Y19.69%
ROICexc growth 3Y5.45%
ROICexc growth 5Y13.41%
OM growth 3Y-7.72%
OM growth 5Y0.09%
PM growth 3Y10.89%
PM growth 5Y0.13%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 3.17
Debt/FCF 4.24
Debt/EBITDA 10.9
Cap/Depr 29.68%
Cap/Sales 1.29%
Interest Coverage 1.48
Cash Conversion 262.75%
Profit Quality 832.94%
Current Ratio 0.27
Quick Ratio 0.27
Altman-Z 0.95
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)38.79%
Cap/Depr(5y)30.18%
Cap/Sales(3y)1.83%
Cap/Sales(5y)1.46%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19.9%
EPS 3Y12.42%
EPS 5Y20.68%
EPS Q2Q%17.89%
EPS Next Y40.74%
EPS Next 2Y29.18%
EPS Next 3Y24.27%
EPS Next 5Y22.19%
Revenue 1Y (TTM)44.19%
Revenue growth 3Y22.39%
Revenue growth 5Y26%
Sales Q2Q%19.53%
Revenue Next Year22.46%
Revenue Next 2Y20.2%
Revenue Next 3Y17.45%
Revenue Next 5Y16.79%
EBIT growth 1Y0.71%
EBIT growth 3Y12.95%
EBIT growth 5Y26.11%
EBIT Next Year43.64%
EBIT Next 3Y25.8%
EBIT Next 5Y14.18%
FCF growth 1Y18.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y17.05%
OCF growth 3YN/A
OCF growth 5YN/A

ARES MANAGEMENT CORP - A / ARES FAQ

What is the fundamental rating for ARES stock?

ChartMill assigns a fundamental rating of 4 / 10 to ARES.


Can you provide the valuation status for ARES MANAGEMENT CORP - A?

ChartMill assigns a valuation rating of 5 / 10 to ARES MANAGEMENT CORP - A (ARES). This can be considered as Fairly Valued.


What is the profitability of ARES stock?

ARES MANAGEMENT CORP - A (ARES) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for ARES stock?

The Price/Earnings (PE) ratio for ARES MANAGEMENT CORP - A (ARES) is 23.67 and the Price/Book (PB) ratio is 8.61.


Can you provide the expected EPS growth for ARES stock?

The Earnings per Share (EPS) of ARES MANAGEMENT CORP - A (ARES) is expected to grow by 40.74% in the next year.