Ares Management LP

Ares Management LP

ARES · NYSE · Financial Services / Asset Management

134.61USD+1.32 (+0.99%)

Price History

Full chart

Market Stats

Previous Close133.29
Open135.04
Day Range132.08 – 135.49
52-Week Range92.59 – 173.15
Volume1.78M
Market Cap40.50B
P/E (TTM)56.26
Forward P/E23.98
EPS2.17
Dividend Yield4.42%
Beta1.55
50-Day Avg127.65
200-Day Avg125.95

About

Ares Management Corporation operates as an alternative asset manager. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment specializes in early venture, turnaround, mid venture, late venture, recapitalization, growth capital, middle market, mezzanine, distressed and growth buyouts. The firm seeks to invest in healthcare, services, energy, industrials and consumer. The firm seeks to takes majority, minority and shared-control investments primarily in under-capitalized companies in North America, Europe, Asia Pacific, Southeast Asia and Australia. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm prefers to invest between $1 million and $500 million in companies having EBITDA between $10 million and $250 million and debt investment value between $10 million and $100 million. Ares Management Corporation was founded in 1997 and is based in Los Angeles, California with additional offices in North America, Europe and Asia.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. Michael J. Arougheti
  • Employees4.34K
  • Headquarters1800 Avenue of the Stars, Los Angeles, CA, United States, 90067, USA
  • Websitehttps://www.ares.com

Leadership

  • Mr. Antony Peter ResslerPartner, Director, Co-Founder & Executive Chairman · b. 1960
  • Mr. Michael J. AroughetiCo-Founder, Partner, CEO & Director · b. 1972
  • Mr. Blair Victor JacobsonPartner & Co-President
  • Mr. Robert Kipp DeVeer IIIPartner, Director & Co-President · b. 1973
  • Mr. Jarrod Morgan Phillips CPACFO, Partner & Principal Financial and Accounting Officer · b. 1978
  • Ms. Naseem Sera Sagati Aghili J.D.Partner, General Counsel & Corporate Secretary · b. 1982
  • Mr. Ryan James-Barclay BerryPartner, Chief Marketing & Strategy Officer · b. 1980
  • Mr. William Stephen BenjaminPartner & Vice Chairman · b. 1965
  • Mr. Seth J. BrufskyPartner & Vice Chair of Ares · b. 1967
  • Mr. Gregory A. MargoliesPartner & Vice Chair of Ares · b. 1967

Financials

Income Statement

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.68B334.05M478.65M603.89M814.44M1.25B1.48B958.46M1.77B1.76B4.21B3.06B3.63B3.88B6.47B
Growth (%)--87.52%+43.29%+26.16%+34.87%+54.02%+17.98%-35.24%+84.20%-0.08%+138.77%-27.46%+18.87%+6.96%+66.55%
Cost of Revenue200.78M288.72M333.90M456.37M414.45M447.73M514.11M570.38M653.35M767.25M1.16B1.50B1.49B1.73B1.63B
Gross Profit6.18M45.33M144.75M147.52M399.99M806.65M965.83M388.08M1.11B996.79M3.05B1.56B2.15B2.15B4.84B
Gross Margin0.23%13.57%30.24%24.43%49.11%64.31%65.26%40.49%62.99%56.51%72.40%50.95%59.07%55.42%74.79%
Operating Expense267.13M469.81M468.00M403.67M354.59M623.86M1.06B299.98M809.45M683.23M2.25B1.25B1.31B1.21B3.08B
Operating Income-260.95M-424.49M-323.24M-256.15M45.40M182.78M-89.26M88.10M302.64M313.56M802.01M306.36M834.03M946.09M1.76B
Operating Margin-9.75%-127.07%-67.53%-42.42%5.57%14.57%-6.03%9.19%17.14%17.78%19.04%10.03%22.96%24.35%27.22%
EBITDA1.31B1.73B1.47B1.27B234.53M444.81M330.61M457.20M762.05M731.95M1.47B1.33B2.43B2.41B2.30B
EBITDA Margin48.79%519.11%306.29%209.98%28.80%35.46%22.34%47.70%43.17%41.49%34.99%43.69%66.79%62.09%35.51%
Net Income97.35M220.65M180.48M34.99M19.38M111.81M76.18M57.02M148.88M152.14M408.84M167.54M474.33M463.74M527.36M
Net Income Margin3.64%66.05%37.71%5.79%2.38%8.91%5.15%5.95%8.43%8.62%9.71%5.48%13.06%11.94%8.15%
R&D---000000.240.230.250.160.34--
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense333.91M458.06M543.91M674.99M97.77M109.43M147.95M244.34M297.42M311.22M294.81M482.72M860.88M978.30M767.46M
Interest Expense % of Total Revenue12.47%137.12%113.63%111.77%12.00%8.72%10.00%25.49%16.85%17.64%7.00%15.80%23.70%25.18%11.86%

Balance Sheet

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets23.73B24.50B23.71B21.64B4.32B5.83B8.56B10.15B12.01B15.17B21.61B22.00B24.73B24.88B28.99B
Total Liabilities16.04B17.50B17.16B14.88B3.35B4.45B7.10B8.76B10.16B12.70B17.79B18.20B20.26B18.06B20.29B
Total Equity354.56M493.69M6.43B283.64M968.41M1.38B1.46B587.92M768.29M1.19B1.83B1.59B1.89B3.54B4.28B
Cash1.56B1.78B1.73B1.46B280.99M798.14M675.43M494.89M744.71M1.06B1.39B1.11B1.50B2.74B1.50B
Total Debt14.12B14.78B14.32B13.45B2.59B3.45B5.86B7.37B8.57B10.90B12.49B13.33B15.76B13.15B14.91B
Net Debt12.56B13.01B12.59B11.99B2.29B2.59B5.04B6.87B7.82B9.84B11.10B12.22B14.26B10.41B13.41B

Cash Flow

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.49B2.75B2.17B1.53B-527.99M-625.65M-1.86B428.08M-2.08B-425.66M-2.60B-734.11M-233.26M2.79B3.27B
Investing Cash Flow-42.42M-12.91M-62.37M-76.66M-75.11M-11.91M-33.16M-18.42M-16.80M-136.76M-1.08B-337.38M-111.08M-159.40M-1.80B
Financing Cash Flow-2.49B-2.71B-2.11B-1.36B581.54M880.76M1.65B1.41B2.12B943.89M3.50B1.13B292.13M-1.43B-2.43B
Capital Expenditure31.87M12.91M12.05M16.66M10.68M11.91M33.16M18.42M16.80M15.94M27.23M35.80M67.18M91.51M72.18M
Free Cash Flow2.46B2.74B2.16B1.52B-538.66M-637.57M-1.90B-1.44B-2.10B-441.60M-2.62B-769.91M-300.44M2.70B3.19B
Dividends Paid258.95M230.61M420.19M329.89M217.76M212.84M283.36M156.55M345.37M468.48M604.36M836.36M1.03B1.31B1.76B
FCF to OCF98.72%99.53%99.45%98.91%102.02%101.90%101.78%-335.33%100.81%103.75%101.05%104.88%128.80%96.72%97.79%
Dividend Paid to FCF10.54%8.43%19.43%21.76%-40.43%-33.38%-14.94%-10.91%-16.45%-106.09%-23.04%-108.63%-343.05%48.56%54.99%

Earnings

Report DateAug 13, 2014Nov 12, 2014Mar 5, 2015May 12, 2015Aug 11, 2015Nov 10, 2015Feb 29, 2016May 10, 2016Aug 9, 2016Nov 7, 2016Feb 24, 2017May 8, 2017Aug 4, 2017Nov 3, 2017Feb 15, 2018May 3, 2018Aug 2, 2018Nov 1, 2018Feb 14, 2019May 2, 2019Jul 31, 2019Oct 31, 2019Feb 13, 2020May 6, 2020Aug 5, 2020Oct 28, 2020Feb 11, 2021Apr 29, 2021Jul 29, 2021Oct 27, 2021Feb 11, 2022Apr 28, 2022Jul 28, 2022Oct 27, 2022Feb 9, 2023Apr 28, 2023Aug 1, 2023Oct 31, 2023Feb 8, 2024May 2, 2024Aug 2, 2024Nov 1, 2024Feb 5, 2025May 5, 2025Aug 1, 2025Nov 3, 2025Feb 5, 2026May 1, 2026Jul 31, 2026Oct 29, 2026Nov 2, 2026
EPS Estimate0.370.330.360.390.400.170.290.220.290.400.370.400.670.390.490.360.400.340.330.370.370.370.510.420.380.430.450.510.520.640.720.670.690.741.080.810.850.871.100.920.980.941.300.941.091.141.691.411.291.251.32
EPS Actual0.330.320.270.350.320.200.200.080.440.460.440.300.690.400.540.370.340.300.410.350.320.340.670.450.390.480.540.460.640.620.850.650.740.751.210.710.900.831.210.800.990.951.231.091.031.191.451.241.29--
Surprise-10.81%-3.03%-25.00%-10.26%-20.00%17.65%-31.03%-63.64%51.72%15.00%18.92%-25.00%2.99%2.56%10.20%2.78%-15.00%-11.76%24.24%-5.41%-13.51%-8.11%31.37%7.14%2.63%11.63%20.00%-9.80%23.08%-3.13%18.06%-2.99%7.25%1.35%12.04%-12.35%5.88%-4.60%10.00%-13.04%1.02%1.06%-5.38%15.96%-5.50%4.39%-14.20%-12.06%0.00%--
TimingPre-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 Cap40.50B
Enterprise Value46.45B
Trailing P/E56.26
Forward P/E23.98
PEG Ratio0.90
Price / Sales7.71
Price / Book11.39
EPS2.17
Book Value11.03
Revenue (TTM)5.25B
Gross Profit (TTM)5.25B
EBITDA1.43B
Profit Margin12.11%
Operating Margin9.47%
Return on Equity14.92%
Return on Assets4.58%
Shares Outstanding223.96M
Shares Float219.76M
Beta1.55
Dividend Yield4.42%
Dividend Rate5.40
Payout Ratio100.00%

Analyst Ratings

Buy
Based on 20 analystsTarget 144.90
  • Strong Buy
    8
  • Buy
    5
  • Hold
    7

Ownership Breakdown

Institutions
94.05%
Insiders
11.16%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    16.88M7.42%
  • Vanguard Capital Management, LLC
    13.75M6.05%
  • Sumitomo Mitsui Financial Group Inc
    13.36M5.88%
  • Bank of America Corp
    11.86M5.21%
  • Vanguard Portfolio Management, LLC
    10.92M4.80%
  • Capital World Investors
    10.64M4.68%
  • Wellington Management Company LLP
    9.53M4.19%
  • State Street Corp
    8.98M3.95%
  • Charles Schwab Investment Management Inc
    6.75M2.97%
  • Canada Pension Plan Investment Board
    6.65M2.92%
  • Geode Capital Management, LLC
    5.84M2.57%
  • JPMorgan Chase & Co
    5.39M2.37%
  • Franklin Templeton Inc
    4.75M2.09%
  • Principal Financial Group Inc
    4.04M1.78%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    6.76M2.97%
  • Schwab US Dividend Equity ETF™
    6.23M2.74%
  • Vanguard 500 Index Investor
    5.88M2.59%
  • T. Rowe Price Capital Appreciation
    5.12M2.25%
  • Vanguard MStar Mid Cap Index Instl
    4.56M2.00%
  • American Funds Growth Fd of Amer A
    4.42M1.94%

Dividends

20263×
1.35Sep 16, 20261.35Jun 16, 20261.35Mar 17, 2026
20255×
1.12Dec 17, 20250.84Dec 15, 20251.12Sep 16, 20251.12Jun 16, 20251.12Mar 17, 2025
20244×
0.93Dec 17, 20240.93Sep 16, 20240.93Jun 14, 20240.93Mar 14, 2024
20234×
0.77Dec 14, 20230.77Sep 14, 20230.77Jun 15, 20230.77Mar 16, 2023
20224×
0.61Dec 15, 20220.61Sep 15, 20220.61Jun 15, 20220.61Mar 16, 2022
20214×
0.47Dec 16, 20210.47Sep 15, 20210.47Jun 15, 20210.47Mar 16, 2021