Ares Management CorpARESEarnings & Financial Report
Ares Management Corporation is a global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997, with additional offices across North America, Europe, and Asia.
Revenue
$1.3B
Gross Profit
N/A
Operating Profit
$399.9M
Net Profit
$177.3M
Gross Margin
N/A
Operating Margin
31.8%
Net Margin
14.1%
YoY Growth
19.5%
Financial Flow
Ares Management Corp Q4 2024 Financial Summary
Ares Management Corp reported revenue of $1.3B (up 19.5% YoY) for Q4 2024, with a net profit of $177.3M (up 18.8% YoY) (14.1% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $1.3B |
|---|---|
| Net Profit | $177.3M |
| Gross Margin | N/A |
| Operating Margin | 31.8% |
| Report Period | Q4 2024 |
Revenue Breakdown
Ares Management Corp Q4 2024 revenue of $1.3B breaks down across 8 segments, led by Management Service at $779.2M (61.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Management Service | $779.2M | 61.9% |
| Credit Group | $205.0M | 16.3% |
| Fee Related Performance Revenues | $151.6M | 12.0% |
| Administrative Service | $43.7M | 3.5% |
| Real Assets Group | $36.0M | 2.9% |
| Carried Interest | $28.9M | 2.3% |
| Service Other | $10.9M | 0.9% |
| Principal Investment Income | $877.0K | 0.1% |
Ares Management Corp Revenue by Segment — Quarterly Trend
Ares Management Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Management Service and Credit Group) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Management Service | $991.1M | $971.8M | $900.6M | $817.0M |
| Credit Group | — | $19.4M | $21.9M | $54.1M |
| Fee Related Performance Revenues | $113.3M | $62.4M | $16.2M | $18.4M |
| Administrative Service | — | $102.6M | — | $57.8M |
| Real Assets Group | — | $1.2M | $3.7M | $65.3M |
Ares Management Corp Annual Revenue by Year
Ares Management Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.6B |
| 2024 | $3.9B |
| 2023 | $3.6B |
| 2022 | $3.1B |
Ares Management Corp Quarterly Revenue & Net Profit History
Ares Management Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.5B | +19.5% | $54.2M | 3.6% |
| Q3 2025 | $1.7B | +46.7% | $288.9M | 17.4% |
| Q2 2025 | $1.4B | +71.2% | $137.1M | 10.2% |
| Q1 2025 | $1.1B | +53.9% | $47.2M | 4.3% |
| Q4 2024 | $1.3B | +19.5% | $177.3M | 14.1% |
| Q3 2024 | $1.1B | +68.3% | $118.5M | 10.5% |
| Q2 2024 | $788.7M | -27.9% | $94.9M | 12.0% |
| Q1 2024 | $707.4M | -13.0% | $73.0M | 10.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $707.4M | $788.7M | $1.13B | $1.26B | $1.09B | $1.35B | $1.66B | $1.50B |
| YoY Growth | -13.0% | -27.9% | 68.3% | 19.5% | 53.9% | 71.2% | 46.7% | 19.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $24.41B | $24.19B | $24.52B | $24.88B | $27.18B | $27.26B | $27.03B | $28.63B |
| Liabilities | $19.38B | $18.44B | $18.64B | $17.49B | $18.39B | $18.43B | $18.40B | $19.93B |
| Equity | $1.77B | $2.00B | $2.08B | $3.54B | $4.45B | $4.36B | $4.47B | $4.28B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $710.0M | $432.2M | $841.3M | $807.6M | $1.99B | $415.7M | $1.34B | $-483.7M |