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Side-by-side financial comparison of Ares Management Corp (ARES) and Organon & Co. (OGN). Click either name above to swap in a different company.
Organon & Co. 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 -13.6%, a 17.2% gap on every dollar of revenue. On growth, Ares Management Corp posted the faster year-over-year revenue change (19.5% vs -5.3%). Over the past eight quarters, Ares Management Corp's revenue compounded faster (45.9% CAGR vs -3.6%).
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.
Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.
ARES vs OGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.5B |
| Net Profit | $54.2M | $-205.0M |
| Gross Margin | — | 49.2% |
| Operating Margin | 13.7% | -9.8% |
| Net Margin | 3.6% | -13.6% |
| Revenue YoY | 19.5% | -5.3% |
| Net Profit YoY | -69.4% | -288.1% |
| EPS (diluted) | — | $-0.78 |
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 | $1.5B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $788.7M | $1.6B | ||
| Q1 24 | $707.4M | $1.6B |
| Q4 25 | $54.2M | $-205.0M | ||
| Q3 25 | $288.9M | $160.0M | ||
| Q2 25 | $137.1M | $145.0M | ||
| Q1 25 | $47.2M | $87.0M | ||
| Q4 24 | $177.3M | $109.0M | ||
| Q3 24 | $118.5M | $359.0M | ||
| Q2 24 | $94.9M | $195.0M | ||
| Q1 24 | $73.0M | $201.0M |
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 53.5% | ||
| Q2 25 | — | 54.8% | ||
| Q1 25 | — | 55.6% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.4% | ||
| Q1 24 | — | 59.0% |
| Q4 25 | 13.7% | -9.8% | ||
| Q3 25 | 39.3% | 15.2% | ||
| Q2 25 | 21.3% | 14.4% | ||
| Q1 25 | 13.0% | 6.7% | ||
| Q4 24 | 31.8% | 8.1% | ||
| Q3 24 | 29.0% | 13.1% | ||
| Q2 24 | 40.2% | 14.6% | ||
| Q1 24 | 32.7% | 14.5% |
| Q4 25 | 3.6% | -13.6% | ||
| Q3 25 | 17.4% | 10.0% | ||
| Q2 25 | 10.2% | 9.1% | ||
| Q1 25 | 4.3% | 5.8% | ||
| Q4 24 | 14.1% | 6.8% | ||
| Q3 24 | 10.5% | 22.7% | ||
| Q2 24 | 12.0% | 12.1% | ||
| Q1 24 | 10.3% | 12.4% |
| Q4 25 | — | $-0.78 | ||
| Q3 25 | — | $0.61 | ||
| Q2 25 | — | $0.56 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | — | $0.42 | ||
| Q3 24 | — | $1.38 | ||
| Q2 24 | — | $0.75 | ||
| Q1 24 | — | $0.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $574.0M |
| Total DebtLower is stronger | — | $8.6B |
| Stockholders' EquityBook value | $4.3B | $752.0M |
| Total Assets | $28.6B | $12.9B |
| Debt / EquityLower = less leverage | — | 11.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $574.0M | ||
| Q3 25 | — | $672.0M | ||
| Q2 25 | — | $599.0M | ||
| Q1 25 | — | $547.0M | ||
| Q4 24 | — | $675.0M | ||
| Q3 24 | — | $763.0M | ||
| Q2 24 | — | $704.0M | ||
| Q1 24 | — | $575.0M |
| Q4 25 | — | $8.6B | ||
| Q3 25 | — | $8.8B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $8.7B | ||
| Q2 24 | — | $8.7B | ||
| Q1 24 | — | $8.7B |
| Q4 25 | $4.3B | $752.0M | ||
| Q3 25 | $4.5B | $906.0M | ||
| Q2 25 | $4.4B | $733.0M | ||
| Q1 25 | $4.5B | $542.0M | ||
| Q4 24 | $3.5B | $472.0M | ||
| Q3 24 | $2.1B | $493.0M | ||
| Q2 24 | $2.0B | $144.0M | ||
| Q1 24 | $1.8B | $48.0M |
| Q4 25 | $28.6B | $12.9B | ||
| Q3 25 | $27.0B | $13.6B | ||
| Q2 25 | $27.3B | $13.5B | ||
| Q1 25 | $27.2B | $13.2B | ||
| Q4 24 | $24.9B | $13.1B | ||
| Q3 24 | $24.5B | $12.8B | ||
| Q2 24 | $24.2B | $12.2B | ||
| Q1 24 | $24.4B | $11.9B |
| Q4 25 | — | 11.49× | ||
| Q3 25 | — | 9.74× | ||
| Q2 25 | — | 12.14× | ||
| Q1 25 | — | 16.52× | ||
| Q4 24 | — | 18.81× | ||
| Q3 24 | — | 17.75× | ||
| Q2 24 | — | 60.11× | ||
| Q1 24 | — | 181.54× |
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 | $141.0M |
| Free Cash FlowOCF − Capex | — | $96.0M |
| FCF MarginFCF / Revenue | — | 6.4% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | -8.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $538.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-483.7M | $141.0M | ||
| Q3 25 | $1.3B | $264.0M | ||
| Q2 25 | $415.7M | $220.0M | ||
| Q1 25 | $2.0B | $75.0M | ||
| Q4 24 | $807.6M | $390.0M | ||
| Q3 24 | $841.3M | $141.0M | ||
| Q2 24 | $432.2M | $332.0M | ||
| Q1 24 | $710.0M | $76.0M |
| Q4 25 | — | $96.0M | ||
| Q3 25 | — | $218.0M | ||
| Q2 25 | — | $181.0M | ||
| Q1 25 | — | $43.0M | ||
| Q4 24 | — | $335.0M | ||
| Q3 24 | — | $99.0M | ||
| Q2 24 | — | $300.0M | ||
| Q1 24 | — | $30.0M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 21.0% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 18.7% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | -8.92× | — | ||
| Q3 25 | 4.64× | 1.65× | ||
| Q2 25 | 3.03× | 1.52× | ||
| Q1 25 | 42.28× | 0.86× | ||
| Q4 24 | 4.55× | 3.58× | ||
| Q3 24 | 7.10× | 0.39× | ||
| Q2 24 | 4.55× | 1.70× | ||
| Q1 24 | 9.72× | 0.38× |
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% |
OGN
Segment breakdown not available.
