Ares Capital Corporation

Ares Capital Corporation

ARCC · NASDAQ · Financial Services / Asset Management

19.17USD+0.06 (+0.31%)

Price History

Full chart

Market Stats

Previous Close19.11
Open19.20
Day Range19.01 – 19.25
52-Week Range16.56 – 19.83
Volume2.71M
Market Cap13.79B
P/E (TTM)14.33
Forward P/E10.03
EPS1.34
Dividend Yield10.04%
Beta0.63
50-Day Avg19.53
200-Day Avg19.24

About

Ares Capital Corporation is a business development company specializing in growth capital, acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in sports, media & entertainment, industrials & business services, infrastructure & power, financial institution groups, software & technology, specialty healthcare, consumer, retail & services, energy and the basic and growth manufacturing, consumer products, health care products, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It invests in the United States based companies. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $30 million and $500 million, in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. Kort Schnabel
  • Employees0
  • Headquarters1800 Avenue of the Stars, Los Angeles, CA, United States, 90067-4733, USA
  • Websitehttps://arcc.ares.com

Leadership

  • Mr. Mitchell Scott Goldstein CPACo-Chairman, Partner & Co-Head of Ares Credit Group · b. 1967
  • Mr. Michael Lewis SmithCo-Chairman of Board of Directors & Co-Head of Ares Credit Group · b. 1971
  • Mr. Michael J. AroughetiExecutive VP & Director · b. 1972
  • Mr. Kort SchnabelCEO & Co-Head of U.S. Direct Lending · b. 1977
  • Mr. James MillerPresident & Co-Head of U.S. Direct Lending · b. 1977
  • Mr. Bennett RosenthalCo-Founder, Director, Partner & Chairman of Private Equity Group · b. 1963
  • Mr. Scott C. LemCFO & Treasurer · b. 1978
  • Ms. Jana MarkowiczChief Operating Officer · b. 1981
  • Mr. Won Jae ChoChief Accounting Officer · b. 1983
  • Mr. John W. StilmarPartner & Co-Head of Public Markets Investor Relations

Financials

Income Statement

Currency: USD2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue4.29M47.23M99.92M195.42M192.43M200.01M528.79M731.05M696.75M712.83M866.00M678.00M737.00M974.00M879.00M824.00M541.00M1.68B1.20B2.08B2.37B2.24B
Growth (%)-+1001.09%+111.57%+95.57%-1.53%+3.94%+164.38%+38.25%-4.69%+2.31%+21.49%-21.71%+8.70%+32.16%-9.75%-6.26%-34.34%+210.17%-28.72%+74.33%+13.53%-5.28%
Cost of Revenue900.00K154.08K26.00K57.71M62.21M63.74M128.89M183.98M142.98M171.50M190.00M200.00M167.00M225.00M622.00M686.00M356.00M654.00M455.00M-449.00M659.00M736.00M
Gross Profit4.29M47.07M99.90M137.70M130.22M136.27M399.90M547.07M553.77M541.33M676.00M478.00M570.00M749.00M879.00M824.00M541.00M1.68B741.00M2.08B1.71B1.51B
Gross Margin100.00%99.67%99.97%70.47%67.67%68.13%75.62%74.83%79.48%75.94%78.06%70.50%77.34%76.90%100.00%100.00%100.00%100.00%61.96%100.00%72.16%67.17%
Operating Expense1.57M19.95M38.33M43.58M2.98M2.29M178.69M257.19M34.42M38.71M67.00M81.00M75.00M63.00M-238.00M15.00M38.00M82.00M86.00M799.00M113.00M108.00M
Operating Income2.72M27.12M61.56M94.12M127.24M133.98M221.21M289.88M519.35M502.63M609.00M397.00M495.00M686.00M1.12B809.00M503.00M1.60B655.00M1.29B1.59B1.40B
Operating Margin63.30%57.43%61.61%48.17%66.12%66.99%41.83%39.65%74.54%70.51%70.32%58.55%67.16%70.43%127.08%98.18%92.98%95.11%54.77%61.68%67.38%62.36%
EBITDA2.72M27.12M61.82M137.97M-102.00M206.39M518.10M350.27M520.18M503.43M610.00M398.00M496.00M687.00M1.12B809.00M526.00M1.63B655.00M1.29B1.59B1.40B
EBITDA Margin63.30%57.43%61.87%70.60%-53.01%103.19%97.98%47.91%74.66%70.62%70.44%58.70%67.30%70.53%127.08%98.18%97.23%96.84%54.77%61.68%67.38%62.36%
Net Income3.33M43.38M88.28M90.83M-139.46M202.69M492.04M319.45M508.18M488.52M591.00M379.00M474.00M667.00M858.00M793.00M484.00M1.57B600.00M1.27B1.52B1.30B
Net Income Margin77.59%91.85%88.35%46.48%-72.47%101.34%93.05%43.70%72.94%68.53%68.24%55.90%64.31%68.48%97.61%96.24%89.46%93.38%50.17%60.72%64.30%57.94%
R&D------------0.440.570.50.580.370.760.30.63--
R&D as % of Total Revenue------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense500.00K154.08K26.00K36.89M36.52M24.26M79.35M122.51M142.98M171.50M190.00M200.00M167.00M225.00M240.00M291.00M317.00M372.00M455.00M514.00M659.00M736.00M
Interest Expense % of Total Revenue11.66%0.33%0.03%18.88%18.98%12.13%15.01%16.76%20.52%24.06%21.94%29.50%22.66%23.10%27.30%35.32%58.60%22.17%38.04%24.65%27.84%32.83%

Balance Sheet

Currency: USD2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets220.46M613.65M1.35B1.83B2.09B2.31B4.56B5.39B6.40B8.14B9.50B9.53B9.24B12.35B12.89B14.90B16.20B20.84B22.40B23.80B28.25B31.23B
Total Liabilities60.75M44.03M558.56M704.85M996.45M1.06B1.51B2.24B2.41B3.24B4.21B4.36B4.08B5.25B5.59B7.44B9.02B11.97B12.84B12.60B14.90B16.92B
Total Equity159.71M569.61M789.43M1.12B1.09B1.26B3.05B3.15B3.99B4.90B5.28B5.17B5.17B7.10B7.30B7.47B7.18B8.87B9.55B11.20B13.36B14.32B
Cash26.81M16.61M91.54M21.14M89.38M99.23M100.75M120.78M269.04M149.63M194.56M257.06M223.00M316.00M296.00M176.00M254.00M372.00M303.00M535.00M635.00M924.00M
Total Debt55.50M18.00M482.00M681.50M908.79M969.47M1.38B2.07B2.20B2.99B3.92B4.92B4.04B5.12B5.51B7.09B8.60B11.16B12.38B11.95B13.76B15.99B
Net Debt28.69M1.39M390.46M660.36M819.40M870.24M1.28B1.95B-269.04M2.84B3.73B3.88B3.65B4.54B4.92B6.92B8.35B10.79B12.07B11.41B13.12B15.07B

Cash Flow

Currency: USD2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-187.75M-349.97M-518.26M-514.16T-309.01M12.26M-656.49M-396.91M-250.93M-1.30B-658.55M360.38M707.00M-1.87B666.00M-1.21B-557.00M-2.46B-1.36B1.00B1.28B1.14B
Investing Cash Flow---574.77M-586.12T-428.66M-113.24M-771.65B-747.54B-665.96B-1.77T-1.13T-123.78B236.00M-182.00M-362.00M-1.89B-1.29B-3.39B-2.10B-489.00M-3.41B-2.86B
Financing Cash Flow214.56M339.78M593.19M443.76M377.25M-2.41M658.02M416.94M399.19M1.18B704.00M-298.00M-741.00M2.14B-324.00M1.09B707.00M2.62B1.21B-284.00M2.42B1.78B
Capital Expenditure0000000000000000000000
Free Cash Flow-187.75M-349.97M-518.26M-514.16M-309.01M12.26M-656.49M-396.91M-250.93M-1.30B-659.00M360.38M707.00M-1.87B666.00M-1.21B-557.00M-2.46B-1.36B1.00B1.28B1.14B
Dividends Paid-17.30M74.52M99.88M109.21M189.57M229.76M277.15M357.33M411.45M464.00M487.00M477.00M642.00M656.00M694.00M679.00M694.00M912.00M1.03B1.14B1.26B
FCF to OCF100.00%100.00%100.00%0.00%100.00%100.00%100.00%100.00%100.00%100.00%100.07%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF--4.94%-14.38%-19.43%-35.34%1546.66%-35.00%-69.83%-142.40%-31.71%-70.41%135.13%67.47%-34.41%98.50%-57.36%-121.90%-28.22%-67.11%103.10%88.85%110.68%

Earnings

Report DateFeb 7, 2005May 4, 2005Aug 8, 2005Nov 14, 2005Feb 28, 2006May 8, 2006Aug 9, 2006Nov 8, 2006Mar 8, 2007May 10, 2007Aug 9, 2007Nov 8, 2007Feb 28, 2008May 8, 2008Aug 7, 2008Nov 6, 2008Mar 2, 2009May 7, 2009Aug 6, 2009Nov 5, 2009Feb 25, 2010May 10, 2010Aug 5, 2010Nov 4, 2010Mar 1, 2011May 3, 2011Aug 4, 2011Nov 8, 2011Feb 28, 2012May 8, 2012Aug 7, 2012Nov 5, 2012Feb 27, 2013May 7, 2013Aug 6, 2013Nov 5, 2013Feb 26, 2014May 6, 2014Aug 5, 2014Nov 4, 2014Feb 26, 2015May 4, 2015Aug 4, 2015Nov 4, 2015Feb 24, 2016May 4, 2016Aug 3, 2016Nov 2, 2016Feb 22, 2017May 3, 2017Aug 2, 2017Nov 2, 2017Feb 13, 2018May 2, 2018Aug 1, 2018Oct 31, 2018Feb 12, 2019Apr 30, 2019Jul 30, 2019Oct 30, 2019Feb 12, 2020May 5, 2020Aug 4, 2020Oct 27, 2020Feb 10, 2021Apr 28, 2021Jul 28, 2021Oct 26, 2021Feb 9, 2022Apr 26, 2022Jul 26, 2022Oct 25, 2022Feb 7, 2023Apr 25, 2023Jul 25, 2023Oct 24, 2023Feb 7, 2024May 1, 2024Jul 30, 2024Oct 30, 2024Feb 5, 2025Apr 29, 2025Jul 29, 2025Oct 28, 2025Feb 4, 2026Apr 28, 2026Jul 29, 2026Oct 27, 2026
EPS Estimate0.300.320.260.320.300.320.350.380.400.390.370.370.380.370.350.350.330.320.310.330.330.330.320.330.350.340.340.370.390.390.390.410.410.390.390.390.410.390.380.380.390.400.380.380.390.390.380.380.390.380.360.350.370.380.390.390.410.420.440.460.450.430.380.380.400.420.420.450.490.470.440.490.560.590.570.580.600.600.580.590.580.540.510.500.500.480.470.48
EPS Actual0.290.290.250.300.330.310.440.370.380.360.360.340.370.350.400.340.330.310.330.360.350.250.260.380.320.310.240.480.480.380.400.420.450.380.380.480.390.380.340.400.410.390.350.420.400.360.340.440.420.320.340.360.380.340.380.440.480.480.490.500.440.540.390.390.550.430.530.470.580.420.460.500.630.570.590.590.630.590.610.580.550.500.500.500.500.470.47-
Surprise-3.33%-9.38%-3.85%-6.25%10.00%-3.13%25.71%-2.63%-5.00%-7.69%-2.70%-8.11%-2.63%-5.41%14.29%-2.86%0.00%-3.13%6.45%9.09%6.06%-24.24%-18.75%15.15%-8.57%-8.82%-29.41%29.73%23.08%-2.56%2.56%2.44%9.76%-2.56%-2.56%23.08%-4.88%-2.56%-10.53%5.26%5.13%-2.50%-7.89%10.53%2.56%-7.69%-10.53%15.79%7.69%-15.79%-5.56%2.86%2.70%-10.53%-2.56%12.82%17.07%14.29%11.36%8.70%-2.22%25.58%2.63%2.63%37.50%2.38%26.19%4.44%18.37%-10.64%4.55%2.04%12.50%-3.39%3.51%1.72%5.00%-1.67%5.17%-1.69%-5.17%-7.41%-1.96%0.00%0.38%-2.08%0.00%-
Timing--After-hoursPre-market-Pre-marketPre-marketAfter-hours-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap13.79B
Enterprise Value29.24B
Trailing P/E14.33
Forward P/E10.03
PEG Ratio3.72
Price / Sales4.44
Price / Book0.99
EPS1.34
Book Value19.35
Revenue (TTM)3.11B
Gross Profit (TTM)3.11B
Profit Margin30.91%
Operating Margin75.65%
Return on Equity6.88%
Return on Assets4.94%
Shares Outstanding718.02M
Shares Float0
Beta0.63
Dividend Yield10.04%
Dividend Rate1.92
Payout Ratio98.97%

Analyst Ratings

Buy
Based on 13 analystsTarget 20.77
  • Strong Buy
    7
  • Buy
    4
  • Hold
    2

Ownership Breakdown

Institutions
36.09%
Insiders
0.56%
Retail / Other
63.35%

Top Institutional Holders

  • Morgan Stanley - Brokerage Accounts
    16.35M2.28%
  • UBS Group AG
    14.32M1.99%
  • Van Eck Associates Corporation
    10.89M1.52%
  • STRS OHIO
    10.50M1.46%
  • Bank of America Corp
    9.14M1.27%
  • JPMorgan Chase & Co
    7.69M1.07%
  • Generali Asset Management SPA SGR
    7.55M1.05%
  • Legal & General Group PLC
    5.98M0.83%
  • Two Sigma Investments LLC
    5.89M0.82%
  • Wells Fargo & Co
    4.49M0.62%
  • LPL Financial Corp
    4.04M0.56%
  • Ameriprise Financial Inc
    3.78M0.53%
  • HighTower Advisors, LLC
    3.53M0.49%
  • Advisors Capital Management, LLC
    3.41M0.47%
  • Confluence Investment Management LLC
    3.37M0.47%
  • Evercore Wealth Management, LLC
    3.12M0.43%
  • Omers Administration Corp
    2.83M0.39%
  • Ares Management LLC
    2.78M0.39%
  • Sound Income Strategies
    2.77M0.39%

Top Fund Holders

  • VanEck BDC Income ETF
    12.23M1.70%

Dividends

20263×
0.48Sep 15, 20260.48Jun 15, 20260.48Mar 13, 2026
20254×
0.48Dec 15, 20250.48Sep 15, 20250.48Jun 13, 20250.48Mar 14, 2025
20244×
0.48Dec 13, 20240.48Sep 13, 20240.48Jun 14, 20240.48Mar 14, 2024
20234×
0.48Dec 14, 20230.48Sep 14, 20230.48Jun 14, 20230.48Mar 14, 2023
20224×
0.51Dec 14, 20220.46Sep 14, 20220.45Jun 14, 20220.45Mar 14, 2022
20214×
0.41Dec 14, 20210.41Sep 14, 20210.40Jun 14, 20210.40Mar 12, 2021
20201×
0.40Dec 14, 2020