Ares Capital Corporation
NASDAQ: ARCC · FINANCIAL SERVICES · ASSET MANAGEMENT
Updated 2026-06-05
Ares Capital Corporation (ARCC) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $99.92M | $88.28M | 99.97% | 61.61% | 88.35% |
| 2007 | $195.42M | $90.83M | 70.47% | 48.17% | 46.48% |
| 2008 | $192.43M | $-139.46M | 67.67% | 66.12% | -72.47% |
| 2009 | $200.01M | $202.69M | 68.13% | 66.99% | 101.34% |
| 2010 | $528.79M | $492.04M | 75.62% | 41.83% | 93.05% |
| 2011 | $731.05M | $319.45M | 74.83% | 39.65% | 43.70% |
| 2012 | $696.75M | $508.18M | 79.48% | 74.54% | 72.94% |
| 2013 | $712.83M | $488.52M | 75.94% | 70.51% | 68.53% |
| 2014 | $866.00M | $591.00M | 78.06% | 70.32% | 68.24% |
| 2015 | $678.00M | $379.00M | 70.50% | 58.55% | 55.90% |
| 2016 | $737.00M | $474.00M | 77.34% | 67.16% | 64.31% |
| 2017 | $974.00M | $667.00M | 76.90% | 70.43% | 68.48% |
| 2018 | $879.00M | $858.00M | 100.00% | 127.08% | 97.61% |
| 2019 | $824.00M | $793.00M | 100.00% | 98.18% | 96.24% |
| 2020 | $541.00M | $484.00M | 100.00% | 92.98% | 89.46% |
| 2021 | $1.68B | $1.57B | 100.00% | 95.11% | 93.38% |
| 2022 | $1.20B | $600.00M | 61.96% | 54.77% | 50.17% |
| 2023 | $2.08B | $1.27B | 100.00% | 61.68% | 60.72% |
| 2024 | $2.37B | $1.52B | 72.16% | 67.38% | 64.30% |
| 2025 | $3.15B | $1.30B | 75.68% | 69.67% | 41.30% |
Frequently asked questions
What is Ares Capital Corporation's revenue?
Ares Capital Corporation's trailing twelve-month revenue is $3.08B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is ARCC?
In its most recent fiscal year, ARCC ran a gross margin of 75.68%, an operating margin of 69.67%, and a net margin of 41.30%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does ARCC generate?
ARCC produced $1.14B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is ARCC's balance sheet healthy?
ARCC holds $924.00M in cash and equivalents against — in long-term debt, on $14.32B of shareholder equity. That debt is best read against the cash flow the business throws off each year.