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Side-by-side financial comparison of Ares Management Corp (ARES) and G III APPAREL GROUP LTD (GIII). Click either name above to swap in a different company.
Ares Management Corp is the larger business by last-quarter revenue ($1.5B vs $988.6M, roughly 1.5× G III APPAREL GROUP LTD). G III APPAREL GROUP LTD runs the higher net margin — 8.2% vs 3.6%, a 4.5% gap on every dollar of revenue. On growth, Ares Management Corp posted the faster year-over-year revenue change (19.5% vs -9.0%). Over the past eight quarters, Ares Management Corp's revenue compounded faster (45.9% CAGR vs 13.7%).
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.
G III Apparel Group is a global fashion company that designs, sources, manufactures, markets and distributes apparel, footwear, and accessories under a range of owned and licensed well-known brands. It serves department stores, specialty retailers, and e-commerce platforms across North America, Europe, and other key global markets, catering to casual, sportswear, and premium fashion consumer segments.
ARES vs GIII — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $988.6M |
| Net Profit | $54.2M | $80.6M |
| Gross Margin | — | 38.6% |
| Operating Margin | 13.7% | 11.4% |
| Net Margin | 3.6% | 8.2% |
| Revenue YoY | 19.5% | -9.0% |
| Net Profit YoY | -69.4% | -29.8% |
| EPS (diluted) | — | $1.84 |
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.
| Q4 25 | $1.5B | $988.6M | ||
| Q3 25 | $1.7B | $613.3M | ||
| Q2 25 | $1.4B | $583.6M | ||
| Q1 25 | $1.1B | $839.5M | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.1B | $644.8M | ||
| Q2 24 | $788.7M | $609.7M | ||
| Q1 24 | $707.4M | $764.8M |
| Q4 25 | $54.2M | $80.6M | ||
| Q3 25 | $288.9M | $10.9M | ||
| Q2 25 | $137.1M | $7.8M | ||
| Q1 25 | $47.2M | $48.8M | ||
| Q4 24 | $177.3M | $114.8M | ||
| Q3 24 | $118.5M | $24.2M | ||
| Q2 24 | $94.9M | $5.8M | ||
| Q1 24 | $73.0M | $28.9M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 40.8% | ||
| Q2 25 | — | 42.2% | ||
| Q1 25 | — | 39.5% | ||
| Q4 24 | — | 39.8% | ||
| Q3 24 | — | 42.8% | ||
| Q2 24 | — | 42.5% | ||
| Q1 24 | — | 36.9% |
| Q4 25 | 13.7% | 11.4% | ||
| Q3 25 | 39.3% | 2.7% | ||
| Q2 25 | 21.3% | 1.5% | ||
| Q1 25 | 13.0% | 8.5% | ||
| Q4 24 | 31.8% | 15.3% | ||
| Q3 24 | 29.0% | 6.4% | ||
| Q2 24 | 40.2% | 2.2% | ||
| Q1 24 | 32.7% | 6.1% |
| Q4 25 | 3.6% | 8.2% | ||
| Q3 25 | 17.4% | 1.8% | ||
| Q2 25 | 10.2% | 1.3% | ||
| Q1 25 | 4.3% | 5.8% | ||
| Q4 24 | 14.1% | 10.6% | ||
| Q3 24 | 10.5% | 3.8% | ||
| Q2 24 | 12.0% | 1.0% | ||
| Q1 24 | 10.3% | 3.8% |
| Q4 25 | — | $1.84 | ||
| Q3 25 | — | $0.25 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $2.55 | ||
| Q3 24 | — | $0.53 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $184.1M |
| Total DebtLower is stronger | — | $6.5M |
| Stockholders' EquityBook value | $4.3B | $1.8B |
| Total Assets | $28.6B | $2.8B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $184.1M | ||
| Q3 25 | — | $301.8M | ||
| Q2 25 | — | $257.8M | ||
| Q1 25 | — | $181.4M | ||
| Q4 24 | — | $104.7M | ||
| Q3 24 | — | $414.8M | ||
| Q2 24 | — | $508.4M | ||
| Q1 24 | — | $507.8M |
| Q4 25 | — | $6.5M | ||
| Q3 25 | — | $6.9M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $213.9M | ||
| Q3 24 | — | $402.5M | ||
| Q2 24 | — | $402.7M | ||
| Q1 24 | — | $402.8M |
| Q4 25 | $4.3B | $1.8B | ||
| Q3 25 | $4.5B | $1.7B | ||
| Q2 25 | $4.4B | $1.7B | ||
| Q1 25 | $4.5B | $1.7B | ||
| Q4 24 | $3.5B | $1.6B | ||
| Q3 24 | $2.1B | $1.5B | ||
| Q2 24 | $2.0B | $1.5B | ||
| Q1 24 | $1.8B | $1.6B |
| Q4 25 | $28.6B | $2.8B | ||
| Q3 25 | $27.0B | $2.7B | ||
| Q2 25 | $27.3B | $2.4B | ||
| Q1 25 | $27.2B | $2.5B | ||
| Q4 24 | $24.9B | $2.8B | ||
| Q3 24 | $24.5B | $2.7B | ||
| Q2 24 | $24.2B | $2.6B | ||
| Q1 24 | $24.4B | $2.7B |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.26× | ||
| Q1 24 | — | 0.26× |
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 | $-97.3M |
| Free Cash FlowOCF − Capex | — | $-106.4M |
| FCF MarginFCF / Revenue | — | -10.8% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | -8.92× | -1.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | $367.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-483.7M | $-97.3M | ||
| Q3 25 | $1.3B | $75.1M | ||
| Q2 25 | $415.7M | $93.8M | ||
| Q1 25 | $2.0B | $333.4M | ||
| Q4 24 | $807.6M | $-111.8M | ||
| Q3 24 | $841.3M | $49.3M | ||
| Q2 24 | $432.2M | $45.5M | ||
| Q1 24 | $710.0M | $361.3M |
| Q4 25 | — | $-106.4M | ||
| Q3 25 | — | $64.7M | ||
| Q2 25 | — | $85.7M | ||
| Q1 25 | — | $323.7M | ||
| Q4 24 | — | $-120.3M | ||
| Q3 24 | — | $38.8M | ||
| Q2 24 | — | $32.8M | ||
| Q1 24 | — | $352.3M |
| Q4 25 | — | -10.8% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 38.6% | ||
| Q4 24 | — | -11.1% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 5.4% | ||
| Q1 24 | — | 46.1% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | -8.92× | -1.21× | ||
| Q3 25 | 4.64× | 6.86× | ||
| Q2 25 | 3.03× | 12.09× | ||
| Q1 25 | 42.28× | 6.83× | ||
| Q4 24 | 4.55× | -0.97× | ||
| Q3 24 | 7.10× | 2.04× | ||
| Q2 24 | 4.55× | 7.84× | ||
| Q1 24 | 9.72× | 12.52× |
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% |
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
