ARES
Ares Management LP
NYSE: ARES · FINANCIAL SERVICES · ASSET MANAGEMENT
$110.86
-1.90% today
Updated 2026-04-29
Market cap
$36.65B
P/E ratio
64.83
P/S ratio
6.54x
EPS (TTM)
$1.71
Dividend yield
3.96%
52W range
$95 – $189
Volume
4.0M
Ares Management LP (ARES) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.68B | $334.05M | $478.65M | $603.89M | $814.44M | $1.25B | $1.48B | $958.46M | $1.77B | $1.76B | $4.21B | $3.06B | $3.63B | $3.88B | $6.47B |
| Revenue growth (YoY) | — | -87.5% | +43.3% | +26.2% | +34.9% | +54.0% | +18.0% | -35.2% | +84.2% | -0.1% | +138.8% | -27.5% | +18.9% | +7.0% | +66.6% |
| Cost of revenue | $200.78M | $288.72M | $333.90M | $456.37M | $414.45M | $447.73M | $514.11M | $570.38M | $653.35M | $767.25M | $1.16B | $1.50B | $1.49B | $1.73B | $1.63B |
| Gross profit | $6.18M | $45.33M | $144.75M | $147.52M | $399.99M | $806.65M | $965.83M | $388.08M | $1.11B | $996.79M | $3.05B | $1.56B | $2.15B | $2.15B | $4.84B |
| Gross margin | 0.2% | 13.6% | 30.2% | 24.4% | 49.1% | 64.3% | 65.3% | 40.5% | 63.0% | 56.5% | 72.4% | 51.0% | 59.1% | 55.4% | 74.8% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $189.03M | $353.31M | $332.76M | $336.87M | $336.48M | $547.62M | $676.45M | $246.22M | $767.40M | $663.12M | $2.18B | $1.21B | $1.27B | $1.19B | $1.05B |
| Operating income | $-260.95M | $-424.49M | $-323.24M | $-256.15M | $45.40M | $182.78M | $-89.26M | $88.10M | $302.64M | $313.56M | $802.01M | $306.36M | $834.03M | $946.09M | $1.76B |
| Operating margin | -9.7% | -127.1% | -67.5% | -42.4% | 5.6% | 14.6% | -6.0% | 9.2% | 17.1% | 17.8% | 19.0% | 10.0% | 23.0% | 24.4% | 27.2% |
| EBITDA | $1.31B | $1.73B | $1.47B | $1.27B | $234.53M | $444.81M | $330.61M | $457.20M | $762.05M | $731.95M | $1.47B | $1.33B | $2.43B | $2.41B | $2.30B |
| EBITDA margin | 48.8% | 519.1% | 306.3% | 210.0% | 28.8% | 35.5% | 22.3% | 47.7% | 43.2% | 41.5% | 35.0% | 43.7% | 66.8% | 62.1% | 35.5% |
| EBIT | $1.29B | $1.72B | $1.42B | $1.23B | $179.25M | $407.35M | $297.81M | $428.68M | $722.60M | $690.70M | $1.36B | $993.52M | $2.19B | $2.25B | $2.05B |
| Interest expense | $333.91M | $458.06M | $543.91M | $674.99M | $97.77M | $109.43M | $147.95M | $244.34M | $297.42M | $311.22M | $294.81M | $482.72M | $860.88M | $978.30M | $767.46M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $97.35M | $220.65M | $180.48M | $34.99M | $19.38M | $111.81M | $76.18M | $57.02M | $148.88M | $152.14M | $408.84M | $167.54M | $474.33M | $463.74M | $527.36M |
| Net income growth (YoY) | — | +126.7% | -18.2% | -80.6% | -44.6% | +477.0% | -31.9% | -25.1% | +161.1% | +2.2% | +168.7% | -59.0% | +183.1% | -2.2% | +13.7% |
| Profit margin | 3.6% | 66.1% | 37.7% | 5.8% | 2.4% | 8.9% | 5.1% | 5.9% | 8.4% | 8.6% | 9.7% | 5.5% | 13.1% | 11.9% | 8.2% |