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Side-by-side financial comparison of Ares Management Corp (ARES) and Floor & Decor Holdings, Inc. (FND). Click either name above to swap in a different company.
Ares Management Corp is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.3× Floor & Decor Holdings, Inc.). Ares Management Corp runs the higher net margin — 3.6% vs 3.4%, a 0.2% gap on every dollar of revenue. On growth, Ares Management Corp posted the faster year-over-year revenue change (19.5% vs -0.7%). Over the past eight quarters, Ares Management Corp's revenue compounded faster (45.9% CAGR vs 0.8%).
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.
Floor & Decor Holdings, Inc., branded as Floor & Decor, is a multi-channel American specialty retailer of hard surface flooring and related accessories that was founded in 2000 and headquartered in Smyrna, Georgia, United States.
ARES vs FND — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.2B |
| Net Profit | $54.2M | $39.7M |
| Gross Margin | — | 44.0% |
| Operating Margin | 13.7% | 4.5% |
| Net Margin | 3.6% | 3.4% |
| Revenue YoY | 19.5% | -0.7% |
| Net Profit YoY | -69.4% | -18.8% |
| EPS (diluted) | — | $0.37 |
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.
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $788.7M | $1.1B |
| Q1 26 | — | $39.7M | ||
| Q4 25 | $54.2M | $39.3M | ||
| Q3 25 | $288.9M | $57.3M | ||
| Q2 25 | $137.1M | $63.2M | ||
| Q1 25 | $47.2M | $48.9M | ||
| Q4 24 | $177.3M | $47.5M | ||
| Q3 24 | $118.5M | $51.7M | ||
| Q2 24 | $94.9M | $56.7M |
| Q1 26 | — | 44.0% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 43.9% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 43.5% | ||
| Q2 24 | — | 43.3% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 13.7% | 4.6% | ||
| Q3 25 | 39.3% | 6.1% | ||
| Q2 25 | 21.3% | 6.7% | ||
| Q1 25 | 13.0% | 5.5% | ||
| Q4 24 | 31.8% | 5.3% | ||
| Q3 24 | 29.0% | 5.9% | ||
| Q2 24 | 40.2% | 6.3% |
| Q1 26 | — | 3.4% | ||
| Q4 25 | 3.6% | 3.5% | ||
| Q3 25 | 17.4% | 4.9% | ||
| Q2 25 | 10.2% | 5.2% | ||
| Q1 25 | 4.3% | 4.2% | ||
| Q4 24 | 14.1% | 4.3% | ||
| Q3 24 | 10.5% | 4.6% | ||
| Q2 24 | 12.0% | 5.0% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | — | $0.36 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | — | $0.58 | ||
| Q1 25 | — | $0.45 | ||
| Q4 24 | — | $0.44 | ||
| Q3 24 | — | $0.48 | ||
| Q2 24 | — | $0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $293.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $2.5B |
| Total Assets | $28.6B | $5.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $293.6M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $4.3B | $2.4B | ||
| Q3 25 | $4.5B | $2.4B | ||
| Q2 25 | $4.4B | $2.3B | ||
| Q1 25 | $4.5B | $2.2B | ||
| Q4 24 | $3.5B | $2.2B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $2.0B | $2.0B |
| Q1 26 | — | $5.6B | ||
| Q4 25 | $28.6B | $5.5B | ||
| Q3 25 | $27.0B | $5.5B | ||
| Q2 25 | $27.3B | $5.4B | ||
| Q1 25 | $27.2B | $5.4B | ||
| Q4 24 | $24.9B | $5.1B | ||
| Q3 24 | $24.5B | $4.9B | ||
| Q2 24 | $24.2B | $4.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-483.7M | $109.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -8.92× | 2.75× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $109.2M | ||
| Q4 25 | $-483.7M | $124.1M | ||
| Q3 25 | $1.3B | $102.5M | ||
| Q2 25 | $415.7M | $84.1M | ||
| Q1 25 | $2.0B | $71.2M | ||
| Q4 24 | $807.6M | $101.4M | ||
| Q3 24 | $841.3M | $160.3M | ||
| Q2 24 | $432.2M | $194.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $45.1M | ||
| Q3 25 | — | $24.5M | ||
| Q2 25 | — | $-10.0M | ||
| Q1 25 | — | $4.4M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $36.5M | ||
| Q2 24 | — | $80.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 7.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 10.1% |
| Q1 26 | — | 2.75× | ||
| Q4 25 | -8.92× | 3.15× | ||
| Q3 25 | 4.64× | 1.79× | ||
| Q2 25 | 3.03× | 1.33× | ||
| Q1 25 | 42.28× | 1.46× | ||
| Q4 24 | 4.55× | 2.14× | ||
| Q3 24 | 7.10× | 3.10× | ||
| Q2 24 | 4.55× | 3.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARES
| Management Service | $991.1M | 66% |
| Management Service Incentive | $206.7M | 14% |
| Carried Interest | $205.4M | 14% |
| Fee Related Performance Revenues | $113.3M | 8% |
FND
Segment breakdown not available.
