Ares Management Corp (ARES.PRB) stock analysis

ARES.PRBInvestment AdviceFiscal year ends December 31Also trades as ARES, ARES.PB

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 7/30

Share price

Not available yet

Price, market cap and P/E appear here once daily prices are connected.

StockData Score

Prices as of Nov 11, 2026How the score works

Weak7 of 30 checks passed

Ares Management passes 7 of the 30 checks behind our score; 17 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation: 0/6
Growth: 2/6
Past performance: 1/6
Financial health: 4/6
Dividend: 0/6

What stands out

No debt
Ares Management has no borrowings on its latest balance sheet.
Earnings grew over 5 years
Net income grew 28.2% a year on average over the last five fiscal years.
Revenue growing 10%+ a year
Revenue grew 18.2% a year over the last three fiscal years.
Interest well covered
No meaningful interest expense to cover.

What to watch

Return on equity under 15%
Return on equity was 10.4% over the last twelve months and averaged 18.9% over five years; we look for 15% on both.
Earnings growth not accelerating
Net income grew -33.5% over the last twelve months, against a 5-year average of 28.2% a year.
Return on equity below the industry
Ares Management's return on equity of 10.4% is below the Services Allied with the Exchange of Securities median of 15.7%.
Net margin below its 5-year average
Net margin was 8.0% over the last twelve months, against a 5-year average of 12.4%.

Valuation0/6

P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.

Growth2/6

Revenue growing 10%+ a year
Revenue grew 18.2% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings growth not accelerating
Net income grew -33.5% over the last twelve months, against a 5-year average of 28.2% a year.
Growing faster than the industry
Revenue grew 21.9% over the last twelve months; the Services Allied with the Exchange of Securities median is 8.7%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.

Past performance1/6

Return on equity under 15%
Return on equity was 10.4% over the last twelve months and averaged 18.9% over five years; we look for 15% on both.
Return on invested capital
Needs operating income and invested capital.
Return on equity below the industry
Ares Management's return on equity of 10.4% is below the Services Allied with the Exchange of Securities median of 15.7%.
Earnings grew over 5 years
Net income grew 28.2% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 8.0% over the last twelve months, against a 5-year average of 12.4%.
Net margin below the industry
Ares Management's net margin of 8.0% is below the Services Allied with the Exchange of Securities median of 16.3%.

Financial health4/6

No debt
Ares Management has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.

Dividend0/6

No dividend
Ares Management has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Ares Management. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Margins

Share of revenue, fiscal years 2012 to 2025

Net margin

11.1%+2.4 pts over 5 years

Per year	1 year	3 years	5 years	10 years	Five-year pace
Revenue	+28.9%	+18.2%	+22.1%	+19.3%
Net income	+13.7%	+46.6%	+28.2%	+39.1%

Returns and balance sheet

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	41.4%	15.5%	13.5%
Return on assets	2.2%	1.1%	2.0%
Capex to revenue	1.2%	–	–

DuPont analysis

Return on equity split into margin, efficiency and leverage

Net margin11.1%

Asset turnover0.18×

Equity multiplier6.84×

Return on equity, FY202513.5%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	11.1%	0.18×	6.84×	13.5%
FY2024	12.6%	0.15×	9.13×	17.1%
FY2023	14.7%	0.14×	13.42×	27.2%
FY2022	5.8%	0.13×	12.77×	9.8%
FY2021	17.9%	0.12×	12.18×	27.1%
FY2020	8.7%	0.13×	13.86×	15.5%
FY2019	10.4%	0.13×	16.35×	22.0%
FY2018	4.7%	0.13×	9.14×	5.6%
FY2017	7.0%	0.15×	8.21×	8.7%
FY2016	11.6%	0.19×	18.81×	41.4%

Where these numbers come from

Parsed from the XBRL in Ares Management's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing