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Side-by-side financial comparison of Ares Management Corp (ARES) and Noble Corp plc (NE). Click either name above to swap in a different company.
Ares Management Corp is the larger business by last-quarter revenue ($1.5B vs $764.4M, roughly 2.0× Noble Corp plc). Noble Corp plc runs the higher net margin — 11.3% vs 3.6%, a 7.7% gap on every dollar of revenue. On growth, Ares Management Corp posted the faster year-over-year revenue change (19.5% vs -17.6%). Over the past eight quarters, Ares Management Corp's revenue compounded faster (45.9% CAGR vs 9.5%).
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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
ARES vs NE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $764.4M |
| Net Profit | $54.2M | $86.6M |
| Gross Margin | — | — |
| Operating Margin | 13.7% | 5.6% |
| Net Margin | 3.6% | 11.3% |
| Revenue YoY | 19.5% | -17.6% |
| Net Profit YoY | -69.4% | -10.4% |
| EPS (diluted) | — | $0.54 |
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 | $764.4M | ||
| Q3 25 | $1.7B | $798.0M | ||
| Q2 25 | $1.4B | $848.7M | ||
| Q1 25 | $1.1B | $874.5M | ||
| Q4 24 | $1.3B | $927.3M | ||
| Q3 24 | $1.1B | $800.5M | ||
| Q2 24 | $788.7M | $692.8M | ||
| Q1 24 | $707.4M | $637.1M |
| Q4 25 | $54.2M | $86.6M | ||
| Q3 25 | $288.9M | $-21.1M | ||
| Q2 25 | $137.1M | $42.9M | ||
| Q1 25 | $47.2M | $108.3M | ||
| Q4 24 | $177.3M | $96.6M | ||
| Q3 24 | $118.5M | $61.2M | ||
| Q2 24 | $94.9M | $195.0M | ||
| Q1 24 | $73.0M | $95.5M |
| Q4 25 | 13.7% | 5.6% | ||
| Q3 25 | 39.3% | 6.3% | ||
| Q2 25 | 21.3% | 15.9% | ||
| Q1 25 | 13.0% | 21.4% | ||
| Q4 24 | 31.8% | 18.4% | ||
| Q3 24 | 29.0% | 14.4% | ||
| Q2 24 | 40.2% | 30.3% | ||
| Q1 24 | 32.7% | 16.9% |
| Q4 25 | 3.6% | 11.3% | ||
| Q3 25 | 17.4% | -2.6% | ||
| Q2 25 | 10.2% | 5.1% | ||
| Q1 25 | 4.3% | 12.4% | ||
| Q4 24 | 14.1% | 10.4% | ||
| Q3 24 | 10.5% | 7.6% | ||
| Q2 24 | 12.0% | 28.1% | ||
| Q1 24 | 10.3% | 15.0% |
| Q4 25 | — | $0.54 | ||
| Q3 25 | — | $-0.13 | ||
| Q2 25 | — | $0.27 | ||
| Q1 25 | — | $0.67 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $0.40 | ||
| Q2 24 | — | $1.34 | ||
| Q1 24 | — | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $4.5B |
| Total Assets | $28.6B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $471.4M | ||
| Q3 25 | — | $477.9M | ||
| Q2 25 | — | $338.2M | ||
| Q1 25 | — | $303.8M | ||
| Q4 24 | — | $247.3M | ||
| Q3 24 | — | $391.9M | ||
| Q2 24 | — | $162.9M | ||
| Q1 24 | — | $212.5M |
| Q4 25 | $4.3B | $4.5B | ||
| Q3 25 | $4.5B | $4.5B | ||
| Q2 25 | $4.4B | $4.6B | ||
| Q1 25 | $4.5B | $4.7B | ||
| Q4 24 | $3.5B | $4.7B | ||
| Q3 24 | $2.1B | $4.7B | ||
| Q2 24 | $2.0B | $4.0B | ||
| Q1 24 | $1.8B | $3.9B |
| Q4 25 | $28.6B | $7.5B | ||
| Q3 25 | $27.0B | $7.6B | ||
| Q2 25 | $27.3B | $7.7B | ||
| Q1 25 | $27.2B | $7.9B | ||
| Q4 24 | $24.9B | $8.0B | ||
| Q3 24 | $24.5B | $8.0B | ||
| Q2 24 | $24.2B | $5.6B | ||
| Q1 24 | $24.4B | $5.4B |
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 | $187.1M |
| Free Cash FlowOCF − Capex | — | $35.4M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | — | 19.9% |
| Cash ConversionOCF / Net Profit | -8.92× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-483.7M | $187.1M | ||
| Q3 25 | $1.3B | $277.1M | ||
| Q2 25 | $415.7M | $216.4M | ||
| Q1 25 | $2.0B | $271.1M | ||
| Q4 24 | $807.6M | $136.2M | ||
| Q3 24 | $841.3M | $283.8M | ||
| Q2 24 | $432.2M | $106.8M | ||
| Q1 24 | $710.0M | $128.7M |
| Q4 25 | — | $35.4M | ||
| Q3 25 | — | $139.5M | ||
| Q2 25 | — | $99.8M | ||
| Q1 25 | — | $157.5M | ||
| Q4 24 | — | $-4.4M | ||
| Q3 24 | — | $156.8M | ||
| Q2 24 | — | $-34.3M | ||
| Q1 24 | — | $-37.9M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | -4.9% | ||
| Q1 24 | — | -6.0% |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 26.2% |
| Q4 25 | -8.92× | 2.16× | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 3.03× | 5.05× | ||
| Q1 25 | 42.28× | 2.50× | ||
| Q4 24 | 4.55× | 1.41× | ||
| Q3 24 | 7.10× | 4.64× | ||
| Q2 24 | 4.55× | 0.55× | ||
| Q1 24 | 9.72× | 1.35× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
