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Side-by-side financial comparison of Ares Management Corp (ARES) and BioNTech SE (BNTX). Click either name above to swap in a different company.

BioNTech SE is the larger business by last-quarter revenue ($1.5B vs $1.5B, roughly 1.0× Ares Management Corp). Ares Management Corp runs the higher net margin — 3.6% vs -1.9%, a 5.5% gap on every dollar of revenue.

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.

BioNTech SE is a German multinational biotechnology company headquartered in Mainz that develops immunotherapies and vaccines, particularly for cancer and infectious diseases.

ARES vs BNTX — Head-to-Head

Bigger by revenue
BNTX
BNTX
1.0× larger
BNTX
$1.5B
$1.5B
ARES
Higher net margin
ARES
ARES
5.5% more per $
ARES
3.6%
-1.9%
BNTX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ARES
ARES
BNTX
BNTX
Revenue
$1.5B
$1.5B
Net Profit
$54.2M
$-28.7M
Gross Margin
Operating Margin
13.7%
-3.1%
Net Margin
3.6%
-1.9%
Revenue YoY
19.5%
Net Profit YoY
-69.4%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARES
ARES
BNTX
BNTX
Q4 25
$1.5B
Q3 25
$1.7B
$1.5B
Q2 25
$1.4B
$260.8M
Q1 25
$1.1B
Q4 24
$1.3B
Q3 24
$1.1B
$1.2B
Q2 24
$788.7M
Q1 24
$707.4M
Net Profit
ARES
ARES
BNTX
BNTX
Q4 25
$54.2M
Q3 25
$288.9M
$-28.7M
Q2 25
$137.1M
$-386.6M
Q1 25
$47.2M
Q4 24
$177.3M
Q3 24
$118.5M
$198.1M
Q2 24
$94.9M
Q1 24
$73.0M
Operating Margin
ARES
ARES
BNTX
BNTX
Q4 25
13.7%
Q3 25
39.3%
-3.1%
Q2 25
21.3%
-192.1%
Q1 25
13.0%
Q4 24
31.8%
Q3 24
29.0%
0.8%
Q2 24
40.2%
Q1 24
32.7%
Net Margin
ARES
ARES
BNTX
BNTX
Q4 25
3.6%
Q3 25
17.4%
-1.9%
Q2 25
10.2%
-148.2%
Q1 25
4.3%
Q4 24
14.1%
Q3 24
10.5%
15.9%
Q2 24
12.0%
Q1 24
10.3%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARES
ARES
BNTX
BNTX
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$4.3B
Total Assets
$28.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
ARES
ARES
BNTX
BNTX
Q4 25
$4.3B
Q3 25
$4.5B
Q2 25
$4.4B
Q1 25
$4.5B
Q4 24
$3.5B
Q3 24
$2.1B
Q2 24
$2.0B
Q1 24
$1.8B
Total Assets
ARES
ARES
BNTX
BNTX
Q4 25
$28.6B
Q3 25
$27.0B
Q2 25
$27.3B
Q1 25
$27.2B
Q4 24
$24.9B
Q3 24
$24.5B
Q2 24
$24.2B
Q1 24
$24.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARES
ARES
BNTX
BNTX
Operating Cash FlowLast quarter
$-483.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-8.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARES
ARES
BNTX
BNTX
Q4 25
$-483.7M
Q3 25
$1.3B
Q2 25
$415.7M
Q1 25
$2.0B
Q4 24
$807.6M
Q3 24
$841.3M
Q2 24
$432.2M
Q1 24
$710.0M
Cash Conversion
ARES
ARES
BNTX
BNTX
Q4 25
-8.92×
Q3 25
4.64×
Q2 25
3.03×
Q1 25
42.28×
Q4 24
4.55×
Q3 24
7.10×
Q2 24
4.55×
Q1 24
9.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARES
ARES

Management Service$991.1M66%
Management Service Incentive$206.7M14%
Carried Interest$205.4M14%
Fee Related Performance Revenues$113.3M8%

BNTX
BNTX

Segment breakdown not available.

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